The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBOTT LABS COM 002824100 845 22,000 SH   SOLE 0 22,000 0 0
ABBVIE INC COM 00287Y109 1,378 22,000 SH   SOLE 0 22,000 0 0
AGNC INVT CORP COM 00123Q104 1,500 82,733 SH   SOLE 0 82,733 0 0
ALLIED WRLD ASSUR COM HLDG A SHS H01531104 1,846 34,373 SH   SOLE 0 34,373 0 0
AMERICAN CAP LTD COM 02503Y103 520 1,800 SH Call SOLE 0 0 0 0
AMERICAN EXPRESS CO COM 025816109 2,222 30,000 SH   SOLE 0 30,000 0 0
AMERICAN EXPRESS CO COM 025816109 3 300 SH Put SOLE 0 300 0 0
ANNALY CAP MGMT INC COM 035710409 13,577 1,361,822 SH   SOLE 0 1,361,822 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 6,470 389,286 SH   SOLE 0 389,286 0 0
APOLLO INVT CORP COM 03761U106 473 80,800 SH   SOLE 0 80,800 0 0
APPLE INC COM 037833100 1,317 1,600 SH Call SOLE 0 0 0 0
ARES CAP CORP COM 04010L103 739 44,796 SH   SOLE 0 44,796 0 0
BARRICK GOLD CORP COM 067901108 9,304 582,197 SH   SOLE 0 582,197 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 2,894 96,249 SH   SOLE 0 96,249 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 864 49,796 SH   SOLE 0 49,796 0 0
BROOKDALE SR LIVING INC COM 112463104 15 669 SH Call SOLE 0 0 0 0
BROOKDALE SR LIVING INC COM 112463104 10,072 810,940 SH   SOLE 0 810,940 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 1,784 26,963 SH   SOLE 0 26,963 0 0
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 278 69,547 SH   SOLE 0 69,547 0 0
CHIMERA INVT CORP COM NEW 16934Q208 58,002 3,407,875 SH   SOLE 0 3,407,875 0 0
CISCO SYS INC COM 17275R102 3,626 120,000 SH   SOLE 0 120,000 0 0
CITIGROUP INC COM NEW 172967424 2,359 39,700 SH   SOLE 0 39,700 0 0
CITIZENS FINL GROUP INC COM 174610105 855 24,000 SH   SOLE 0 24,000 0 0
COLONY STARWOOD HOMES COM 19625X102 644 22,350 SH   SOLE 0 22,350 0 0
COMCAST CORP NEW CL A 20030N101 4,143 60,000 SH   SOLE 0 60,000 0 0
CONOCOPHILLIPS COM 20825C104 361 7,200 SH   SOLE 0 7,200 0 0
CONOCOPHILLIPS COM 20825C104 182 250 SH Call SOLE 0 0 0 0
CORNING INC COM 219350105 466 1,500 SH Call SOLE 0 0 0 0
CYS INVTS INC COM 12673A108 16,539 2,139,532 SH   SOLE 0 2,139,532 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 245 4,458 SH   SOLE 0 4,458 0 0
EATON VANCE MUN BD FD COM 27827X101 316 25,500 SH   SOLE 0 25,500 0 0
ELLINGTON FINANCIAL LLC COM 288522303 6,865 442,344 SH   SOLE 0 442,344 0 0
ELLINGTON RESIDENTIAL MTG RE COM SHS BEN INT 288578107 476 36,573 SH   SOLE 0 36,573 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 2,198 61,380 SH   SOLE 0 61,380 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 18,361 679,022 SH   SOLE 0 679,022 0 0
EXELON CORP COM 30161N101 2,484 70,000 SH   SOLE 0 70,000 0 0
EXXON MOBIL CORP COM 30231G102 2,098 23,240 SH   SOLE 0 23,240 0 0
FACTORSHARES TR ISE CYBER SEC 30304R407 3,083 116,600 SH   SOLE 0 116,600 0 0
FIDUS INVT CORP COM 316500107 4,716 299,830 SH   SOLE 0 299,830 0 0
FIREEYE INC COM 31816Q101 1,426 119,800 SH   SOLE 0 119,800 0 0
GENERAL ELECTRIC CO COM 369604103 620 2,000 SH Call SOLE 0 0 0 0
GENERAL ELECTRIC CO COM 369604103 2,526 79,952 SH   SOLE 0 79,952 0 0
GENERAL MTRS CO COM 37045V100 119 300 SH Call SOLE 0 0 0 0
GENERAL MTRS CO COM 37045V100 2,758 79,149 SH   SOLE 0 79,149 0 0
GOLDMAN SACHS BDC INC SHS 38147U107 1,502 63,881 SH   SOLE 0 63,881 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1 200 SH Put SOLE 0 200 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 16,522 69,000 SH   SOLE 0 69,000 0 0
HERCULES CAPITAL INC COM 427096508 282 20,000 SH   SOLE 0 20,000 0 0
HORIZON TECHNOLOGY FIN CORP COM 44045A102 1,121 106,472 SH   SOLE 0 106,472 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 146 10,000 SH   SOLE 0 10,000 0 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 380 30,674 SH   SOLE 0 30,674 0 0
ISTAR INC COM 45031U101 928 75,000 SH   SOLE 0 75,000 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 2,222 50,200 SH   SOLE 0 50,200 0 0
KBR INC COM 48242W106 451 27,000 SH   SOLE 0 27,000 0 0
KINROSS GOLD CORP COM NO PAR 496902404 1,441 463,352 SH   SOLE 0 463,352 0 0
LAYNE CHRISTENSEN CO NOTE 4.250%11/1 521050AB0 908 1,000,000 SH   SOLE 0 1,000,000 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 108,787 1,930,211 SH   SOLE 0 1,930,211 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 556 800 SH Call SOLE 0 0 0 0
LILLY ELI & CO COM 532457108 1,324 18,000 SH   SOLE 0 18,000 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 1,860 24,600 SH   SOLE 0 24,600 0 0
MB FINANCIAL INC NEW COM 55264U108 1,653 35,000 SH   SOLE 0 35,000 0 0
MCDONALDS CORP COM 580135101 541 250 SH Call SOLE 0 0 0 0
MEDLEY CAP CORP COM 58503F106 2,758 367,236 SH   SOLE 0 367,236 0 0
MFA FINL INC COM 55272X102 9,296 1,218,300 SH   SOLE 0 1,218,300 0 0
MICROSOFT CORP COM 594918104 367 300 SH Call SOLE 0 0 0 0
MICROSOFT CORP COM 594918104 2,635 42,400 SH   SOLE 0 42,400 0 0
MONDELEZ INTL INC CL A 609207105 887 20,000 SH   SOLE 0 20,000 0 0
MVC CAPITAL INC COM 553829102 9,472 1,103,953 SH   SOLE 0 1,103,953 0 0
NEOVASC INC COM 64065J106 3,460 2,000,000 SH   SOLE 0 2,000,000 0 0
NEW MTN FIN CORP COM 647551100 4,942 350,515 SH   SOLE 0 350,515 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 309 19,646 SH   SOLE 0 19,646 0 0
NEWMONT MINING CORP COM 651639106 6,567 192,763 SH   SOLE 0 192,763 0 0
NEWTEK BUSINESS SVCS CORP COM NEW 652526203 3,445 216,647 SH   SOLE 0 216,647 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 3,506 70,406 SH   SOLE 0 70,406 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 522 37,385 SH   SOLE 0 37,385 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106 4,916 348,377 SH   SOLE 0 348,377 0 0
PENNANTPARK INVT CORP COM 708062104 5,730 748,056 SH   SOLE 0 748,056 0 0
PENNEY J C INC COM 708160106 208 25,000 SH   SOLE 0 25,000 0 0
PENNYMAC MTG INVT TR COM 70931T103 581 35,500 SH   SOLE 0 35,500 0 0
PFIZER INC COM 717081103 2,736 84,247 SH   SOLE 0 84,247 0 0
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 651 18,776 SH   SOLE 0 18,776 0 0
PLAINS GP HLDGS L P LTD PARTNR INT A 72651A207 417 12,016 SH   SOLE 0 12,016 0 0
QUALCOMM INC COM 747525103 230 150 SH Call SOLE 0 0 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 631 36,791 SH   SOLE 0 36,791 0 0
SOLAR CAP LTD COM 83413U100 9,973 479,013 SH   SOLE 0 479,013 0 0
SOLAR SR CAP LTD COM 83416M105 7,608 462,777 SH   SOLE 0 462,777 0 0
SPX CORP COM 784635104 23,496 600 SH Call SOLE 0 0 0 0
SPX CORP COM 784635104 25 265 SH Put SOLE 0 265 0 0
STARWOOD PPTY TR INC COM 85571B105 3,531 160,853 SH   SOLE 0 160,853 0 0
STRYKER CORP COM 863667101 14,523 121,220 SH   SOLE 0 121,220 0 0
SUN CMNTYS INC COM 866674104 22,497 293,657 SH   SOLE 0 293,657 0 0
SUTHERLAND ASSET MGMT CORP M COM 86933G105 6,534 485,793 SH   SOLE 0 485,793 0 0
SYNAPTICS INC COM 87157D109 1,343 25,073 SH   SOLE 0 25,073 0 0
SYNCHRONY FINL COM 87165B103 5,071 140,362 SH   SOLE 0 140,362 0 0
TARGA RES CORP COM 87612G101 2,645 47,178 SH   SOLE 0 47,178 0 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 2,236 38,000 SH   SOLE 0 38,000 0 0
TCP CAP CORP COM 87238Q103 2,825 167,136 SH   SOLE 0 167,136 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 1,113 75,000 SH   SOLE 0 75,000 0 0
TESLA MTRS INC COM 88160R101 823 500 SH Put SOLE 0 500 0 0
THL CR INC COM 872438106 6,020 601,403 SH   SOLE 0 601,403 0 0
TOTAL S A SPONSORED ADR 89151E109 637 12,500 SH   SOLE 0 12,500 0 0
TPG SPECIALTY LENDING INC COM 87265K102 1,032 55,220 SH   SOLE 0 55,220 0 0
TRANSATLANTIC PETROLEUM LTD SHS NEW G89982113 1,309 1,179,026 SH   SOLE 0 1,179,026 0 0
TRANSOCEAN LTD REG SHS H8817H100 1,786 121,138 SH   SOLE 0 121,138 0 0
TRIPLEPOINT VENTURE GROWTH B COM 89677Y100 354 30,035 SH   SOLE 0 30,035 0 0
TWO HBRS INVT CORP COM 90187B101 11,403 1,307,654 SH   SOLE 0 1,307,654 0 0
VALE S A ADR 91912E105 405 53,100 SH   SOLE 0 53,100 0 0
VALE S A ADR REPSTG PFD 91912E204 258 37,500 SH   SOLE 0 37,500 0 0
WELLS FARGO & CO NEW COM 949746101 956 900 SH Call SOLE 0 0 0 0
WEST CORP COM 952355204 39,409 1,591,636 SH   SOLE 0 1,591,636 0 0
ZAIS GROUP HLDGS INC COM 98887G106 39 26,340 SH   SOLE 0 26,340 0 0
ZIMMER BIOMET HLDGS INC COM 98956P102 2,281 22,100 SH   SOLE 0 22,100 0 0
ZOETIS INC COM 98978V103 1,133 21,174 SH   SOLE 0 21,174 0 0