13F-HR 1 f063012.txt FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2012 Institutional Investment Manager Filing this Report: NAME: Glickenhaus & Co. ADDRESS: 546 Fifth Avenue New York, NY 10036 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Linda Anderson Title: Director and Principal Phone: 212-953-7872 Signature, Place, and Date of Signing: Linda Anderson New York, NY July 30, 2012 Report Type Type: [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 274 FORM 13F INFORMATION TABLE VALUE TOTAL: $792,910,000 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 100,000THS ENBRIDGE ENERGY MGT COM CKC50X106 0 501543 SH SOLE 0 0 501543 A T & T INC (NEW) COM 00206R102 261 7312 SH DEFINED 2295 1030 3987 ABBOTT LABS COM 002824100 2424 37600 SH SOLE 32100 0 5500 AFLAC INS 2.65 02/15/17 CORPORATE BONDS 001055AH5 205 200000 PRN DEFINED 0 200000 0 AIG 4.250% 09/15/14 CORPORATE BONDS 026874CA3 1016 980000 PRN DEFINED 375000 405000 200000 AL AG & MECH UNIV 5.000% 11/01 MUNICIPAL BONDS 010230KX7 266 250000 PRN SOLE 200000 0 50000 AL ST AG & MECH UNIV 5.000% 11 MUNICIPAL BONDS 010230KV1 321 300000 PRN SOLE 300000 0 0 ALCOA, INC. COM 013817101 7388 844298 SH DEFINED 728987 100 115211 ALLSTATE CORP COM 020002101 4492 128000 SH SOLE 100900 0 27100 ALON REFINING 13.50 10/15/14 CORPORATE BONDS 02051PAC2 2083 1996000 PRN DEFINED 1321000 425000 250000 AMERIGAS PART 6.25 08/20/19 CORPORATE BONDS 030981AG9 402 400000 PRN SOLE 400000 0 0 AMGEN INC COM 031162100 3157 43300 SH SOLE 31600 0 11700 AMR CORP DEL COM 001765106 46 84250 SH SOLE 80950 0 3300 ANADARKO PETE CODTD 09/19/0 5. CORPORATE BONDS 032511AX5 227 200000 PRN SOLE 200000 0 0 ANADARKO PETE CORP COM 032511107 5497 83040 SH DEFINED 70750 540 11750 ANADARKO PETRO 7.625% 03/15/14 CORPORATE BONDS 032511BD8 2008 1830000 PRN SOLE 1740000 0 90000 AON PLC SHS CL A COM G0408V102 9546 204072 SH SOLE 171222 0 32850 APPLE COMPUTER INC COM 037833100 995 1703 SH DEFINED 1570 100 33 APRIA HEALTHCARE GRP 12.375% 1 CORPORATE BONDS 037933AG3 2937 3100000 PRN DEFINED 2025000 425000 650000 ARCELORMITTAL STEEL 6.125% 06/ CORPORATE BONDS 03938LAF1 811 800000 PRN DEFINED 600000 100000 100000 ASSURED GUARANTY LTD COM COM G0585R106 226 16000 SH SOLE 0 0 16000 AURORA OIL & GAS CORP COM COM 052036100 1 63500 SH SOLE 63500 0 0 AVERY DENNISON CORP COM 053611109 1033 37800 SH SOLE 35000 0 2800 AXIS CAPITAL HLDGS LTD COM G0692U109 6800 208907 SH SOLE 183009 0 25898 B A S F A G SPONSORED ADR COM 055262505 417 6000 SH SOLE 5800 0 200 BANK OF AMERICA COM 060505104 6429 785934 SH SOLE 703150 0 82784 BANK OF AMERICA CORPORATION 7. PREFERRED STOCKS 060505682 271 278 SH SOLE 18 0 260 BANK OF NEW YORK MELLON CORPOR COM 064058100 418 19057 SH SOLE 19057 0 0 BAXTER INTL INC COM 071813109 8225 154750 SH SOLE 127450 0 27300 BEAZER HOMES USA INC COM 07556Q105 102 31500 SH SOLE 31100 0 400 BERKSHIRE HATHAWAY 3.40 01/31/ CORPORATE BONDS 084670BF4 210 200000 PRN DEFINED 0 200000 0 BERKSHIRE HATHAWDTD 08/15/1 2. CORPORATE BONDS 084670BB3 520 500000 PRN DEFINED 0 500000 0 BLACK RAVEN WTS. @ 2.50 EXP.12 WARRANT AND RIGH 999999999 0 30469 SH SOLE 30469 0 0 BOARDWALK PIPELINE PART. COM 096627104 4741 171588 SH SOLE 159775 0 11813 BP P L C SPONSORED ADR COM 055622104 349 8600 SH DEFINED 1000 3000 4600 BP PRUDHOE BAY RTY TR UNIT BEN COM 055630107 1323 11349 SH SOLE 5062 0 6287 BREVARD CNTY FL GO 5.000% 07/0 MUNICIPAL BONDS 107403QR1 253 235000 PRN DEFINED 100000 100000 35000 BUCKEYE PARTNERS L P COM 118230101 236 4525 SH SOLE 4285 0 240 BUFFALO & ERIE IDA ENTERPRI 6. MUNICIPAL BONDS 11943KAH5 281 260000 PRN SOLE 160000 0 100000 CABOT OIL & GAS CORP COM 127097103 11879 301496 SH SOLE 235680 0 65816 CALUMET SPECIALTY PRODS PTNRUT COM 131476103 228 9600 SH SOLE 8900 0 700 CAMDEN CNTY NJ HLTH COOPER 5.2 MUNICIPAL BONDS 13281QAX3 259 250000 PRN SOLE 50000 0 200000 CAPLEASE INC PFD SER A PREFERRED STOCKS 140288200 410 16500 SH SOLE 500 0 16000 CASE NEW HOLLAND 7.75 09/01/13 CORPORATE BONDS 147446AP3 319 300000 PRN SOLE 300000 0 0 CENTRAL SQARE CSD NY 4.00 05/1 MUNICIPAL BONDS 155213JC6 220 200000 PRN SOLE 0 0 200000 CHECKPOINT SYS INC COM COM 162825103 170 19500 SH SOLE 0 0 19500 CHEVRONTEXACO CORPORATION COM 166764100 1246 11808 SH DEFINED 8761 2900 147 CHINA AGRITECH INC COM NEW COM 16937A200 266 590127 SH DEFINED 512927 3000 74200 CHUBB CORP COM 171232101 1130 15523 SH SOLE 14575 0 948 CITIZENS PPTY FL 4.250% 06/01/ MUNICIPAL BONDS 176553EN1 207 190000 PRN SOLE 190000 0 0 CITIZENS PPTY INS FL 3.000% 06 MUNICIPAL BONDS 176553GF6 312 300000 PRN DEFINED 0 300000 0 CITIZENS PPTY INS FL 4.000% 06 MUNICIPAL BONDS 176553EM3 726 675000 PRN SOLE 550000 0 125000 CITIZENS PROPERTY INS FL 5.000 MUNICIPAL BONDS 176553ES0 317 285000 PRN SOLE 285000 0 0 CNOOC LTD SPONSORED ADR COM 126132109 423 2100 SH SOLE 2000 0 100 COMCAST CORP CL A SPL COM 20030N200 678 21592 SH SOLE 19350 0 2242 CONOCOPHILLIPS COM COM 20825C104 417 7459 SH SOLE 5129 0 2330 CONSTELLATION ENERGY PARTNER COM 21038E101 77 48800 SH SOLE 47300 0 1500 CORNING INC COM 219350105 4566 353144 SH SOLE 265300 0 87844 COVANTA HLDG CORP COM 22282E102 599 34901 SH SOLE 28701 0 6200 COVENTRY HEALTH CARE INC COM COM 222862104 3125 98300 SH SOLE 81900 0 16400 CT 5.000% 11/01/14 MUNICIPAL BONDS 20772GT73 276 250000 PRN SOLE 250000 0 0 CVR PARTNERS, LP COM 126633106 4215 174030 SH DEFINED 153830 3000 17200 D R HORTON INC COM 23331A109 1735 94419 SH SOLE 77546 0 16873 DEAN FOODS 7.00 06/01/16 CORPORATE BONDS 242370AA2 797 750000 PRN SOLE 600000 0 150000 DELAWARE CNTY PA IDA PECO 4.00 MUNICIPAL BONDS 246015BL4 203 200000 PRN SOLE 200000 0 0 DENBURY RES INC COM 247916208 2928 193795 SH SOLE 185395 0 8400 DEVON ENERGY CORP COM 25179M103 18470 318510 SH SOLE 272045 0 46465 DHT MARITIME,INC COM Y2065G105 54 86182 SH SOLE 18682 0 67500 DIANA CONTAINERSHIPS INC COM COM Y2069P101 148 19903 SH SOLE 5284 0 14619 DIANA SHIPPING INC COM Y2066G104 1592 204638 SH SOLE 177700 0 26938 DOW CHEMICAL CORP COM 260543103 18986 602733 SH SOLE 510045 0 92688 DU PONT E I DE NEMOURS CO COM 263534109 1534 30325 SH SOLE 29700 0 625 DUKE ENERGY CORP COM 26441C105 1598 69308 SH SOLE 65708 0 3600 DUTCHESS CNTY NY IDA BARD C 5. MUNICIPAL BONDS 267041FT3 271 250000 PRN SOLE 250000 0 0 EDGAR ONLINE INC COM COM 279765101 206 190604 SH SOLE 3500 0 187104 ENBRIDGE ENERGY PARTNERS L PCO COM 29250R106 4697 152656 SH SOLE 145856 0 6800 ENERGY TRANSFER PARTNERS COM 29273R109 21961 496975 SH SOLE 438965 0 58010 ENERPLUS CORPORATION COM 292766102 5687 441854 SH SOLE 399375 0 42479 ENTERPRISE PRODS PART. COM 293792107 68945 1345530 SH DEFINED 1228649 2000 114881 EOG RESOURCES INC. COM 26875P101 6605 73302 SH SOLE 62702 0 10600 EQUAL ENERGY LTD COM 29390Q109 162 65070 SH SOLE 62918 0 2152 ERIE CNTY NY 5.250% 04/01/16 MUNICIPAL BONDS 295084CN5 217 200000 PRN SOLE 200000 0 0 ERIE CNTY NY IDA SCH FAC 5.750 MUNICIPAL BONDS 29509PBU2 275 250000 PRN SOLE 0 0 250000 ESCAMBIA CNTY FL HLTH BAPTI 5. MUNICIPAL BONDS 296110FN4 228 200000 PRN SOLE 200000 0 0 EVOLUTION PETROLEUM CORP COM COM 30049A107 204 24501 SH SOLE 24501 0 0 EXCEL MARITIME CARRIERS LTD CO COM V3267N107 190 342890 SH SOLE 259567 0 83323 EXXON CORPORATION COM 30231G102 2010 23486 SH DEFINED 10211 4200 9075 FEDEX CORP COM 31428X106 8094 88350 SH SOLE 71950 0 16400 FIRST INTERSTATE BANK SYSTEMS COM 32055Y201 399 28000 SH SOLE 25700 0 2300 FL MUN PWR 5.000% 10/01/13 MUNICIPAL BONDS 342816WP6 209 200000 PRN SOLE 200000 0 0 FL ST MUNI LN 5.250% 12/01/16 MUNICIPAL BONDS 342815MY0 264 250000 PRN SOLE 250000 0 0 FORD MTR CO DEL COM PAR $0.00 COM 345370860 10390 1083400 SH DEFINED 980200 7100 96100 FORTESCUE METALS GROUP FOREIGN COMMON S Q39360104 21398 4260150 SH DEFINED 3963400 17600 279150 FREEPORT MCMORAN COPPER&GOLDCL COM 35671D857 920 27000 SH SOLE 20400 0 6600 GENERAL ELEC CO COM 369604103 10527 505146 SH DEFINED 408348 3000 93798 GENERAL MARITIME COM Y2693R101 0 26800 SH SOLE 26800 0 0 GIBRALTAR INDUSTRIES INC COM 374689107 1468 141437 SH SOLE 141437 0 0 GLAXOSMITHKLINE DTD 05/09/1 2. CORPORATE BONDS 377373AD7 407 400000 PRN DEFINED 0 400000 0 GLOBAL GEOPHYSICAL SERV. COM 37946S107 829 135523 SH SOLE 121823 0 13700 GRAFTECH INTL LTD COM COM 384313102 1697 175825 SH DEFINED 154700 300 20825 HARTFORD FINL SVCS GROUP INC COM 416515104 1097 62250 SH SOLE 61750 0 500 HEWLETT PACKARD CO COM 428236103 278 13817 SH SOLE 270 0 13547 HOLYOKE MA 5.000% 06/15/15 MUNICIPAL BONDS 4367043J7 214 200000 PRN SOLE 175000 0 25000 HONEYWELL INTERNATIONAL, INC. COM 438516106 519 9300 SH SOLE 8900 0 400 HUNTSVILLE AL PUB ED BLDG 5.65 MUNICIPAL BONDS 447156AK6 261 320000 PRN SOLE 320000 0 0 I B M COM 459200101 22384 114448 SH DEFINED 91330 400 22718 ICAHN ENTERPRISES 8.000% 01/15 CORPORATE BONDS 451102AH0 1859 1750000 PRN DEFINED 1100000 300000 350000 INDIANA FIN AUTH US STEEL 6.00 MUNICIPAL BONDS 455054AS5 434 400000 PRN DEFINED 200000 100000 100000 INDO MINES, LTD. FOREIGN COMMON S XR6068347 123 650000 SH SOLE 650000 0 0 INERGY L P COM 456615103 4202 225651 SH SOLE 216880 0 8771 INGERSOLL RAND 9.500% 04/15/14 CORPORATE BONDS 45687AAE2 534 470000 PRN SOLE 470000 0 0 INGERSOLL-RAND PLC COM G47791101 1860 44100 SH SOLE 42400 0 1700 INTERNATIONAL PAPER CO COM 460146103 4219 145945 SH SOLE 121255 0 24690 J.P. MORGAN CHASE & CO COM 46625H100 729 20392 SH DEFINED 11014 2000 7378 JAX ELEC FL 4.000% 10/01/13 MUNICIPAL BONDS 46613QEJ9 256 245000 PRN SOLE 245000 0 0 JOHN DEERE CAP. 5.25 10/01/12 GOVERNMENT AGENC 24422EQW2 435 430000 PRN SOLE 400000 0 30000 JOHNSON & JOHNSON COM 478160104 1237 18307 SH SOLE 12832 0 5475 KANSAS CITY MO SPL OB 5.250% 0 MUNICIPAL BONDS 485106CB2 232 200000 PRN SOLE 200000 0 0 KINDER MORGAN EGY PTNS L P UT COM 494550106 393 5000 SH SOLE 5000 0 0 LA ST CIT PPY 5.000% 06/01/16 MUNICIPAL BONDS 546456AY0 412 365000 PRN SOLE 365000 0 0 LABORATORY CORP AMER HLDGS COM COM 50540R409 607 6550 SH SOLE 6350 0 200 LANCASTER CA REDEV TAX ALL 5.2 MUNICIPAL BONDS 513799QS8 209 200000 PRN SOLE 200000 0 0 LIBERTY MEDIA HLDG CORP INT CO COM 53071M104 237 13318 SH SOLE 12593 0 725 LONG ISLAND POWER 5.00% DUE 9/ MUNICIPAL BONDS 542690VC3 207 200000 PRN SOLE 200000 0 0 LYNAS CORPORATION LTD FOREIGN COMMON S Q5683J103 133 150000 SH SOLE 150000 0 0 MAGNA INTL INC CL A COM 559222401 600 15200 SH DEFINED 13000 200 2000 MARKWEST ENERGY PARTNERS L PUN COM 570759100 552 11200 SH SOLE 11100 0 100 MAS H & E COVENANT 5.000% 07/0 MUNICIPAL BONDS 57586DAJ2 280 260000 PRN SOLE 260000 0 0 MASS ED FIN AUTH 5.500% 01/01/ MUNICIPAL BONDS 57563RHK8 232 200000 PRN SOLE 200000 0 0 MASS HLTH & ED CAREGROUP 5.375 MUNICIPAL BONDS 57586C4F9 262 230000 PRN SOLE 115000 0 115000 MASS HLTH & ED COVNENANT HL 5. MUNICIPAL BONDS 57586DAU7 405 375000 PRN SOLE 375000 0 0 MASS H&E SIMMONS COLL 6.000% 1 MUNICIPAL BONDS 57586EEB3 426 400000 PRN SOLE 300000 0 100000 MASS PORT 5.750% 07/01/12 MUNICIPAL BONDS 575895XR3 400 400000 PRN SOLE 200000 0 200000 METLIFE INC COM 59156R108 6486 210249 SH SOLE 180899 0 29350 MFS INTER INCOME TRUST SH BEN CORPORATE BOND F 55273C107 104 16034 SH SOLE 16034 0 0 MIAMI FL 5.000% 01/01/15 MUNICIPAL BONDS 5933885A5 401 375000 PRN SOLE 350000 0 25000 MIAMI FL GO 5.000% 01/01/19 MUNICIPAL BONDS 5933885F4 373 345000 PRN SOLE 345000 0 0 MO JT ELEC 5.000% 01/01/16 MUNICIPAL BONDS 606092AE4 278 255000 PRN SOLE 255000 0 0 MOLY MINES, LTD. FOREIGN COMMON S Q6320J100 882 7540942 SH DEFINED 6937242 10000 593700 MONMOUTH REAL ESTATE INVT COCL COM 609720107 122 10400 SH SOLE 2400 0 8000 MONROVIA CA REDEV TAX ALOT 4.4 MUNICIPAL BONDS 611587FH4 336 350000 PRN DEFINED 100000 200000 50000 MORGAN STANLY DN WTTR COM 617446448 3296 225900 SH SOLE 204150 0 21750 MOTOROLA INC 3.750% 05/15/22 CORPORATE BONDS 620076BB4 296 300000 PRN DEFINED 0 300000 0 NAVIOS MARITIME ACQUIS CORP SH COM Y62159101 1006 430004 SH DEFINED 342984 2600 84420 NAVIOS MARITIME HOLDINGS COM Y62196103 22769 6858160 SH DEFINED 6438084 400 419676 NAVIOS MARITIME PART. COM Y62267102 28958 2130809 SH DEFINED 1893771 7100 229938 NC EASTERN MUN PWR AGY 4.000% MUNICIPAL BONDS 658196Y20 274 250000 PRN SOLE 250000 0 0 NC PWR CATAWBA 5.250% 01/01/13 MUNICIPAL BONDS 658203G81 251 245000 PRN SOLE 245000 0 0 NEW FLYER INDUSTRIES INC COM N COM 64438T401 1239 190590 SH SOLE 124190 0 66400 NEW YORK NY 5.00 08/01/19 MUNICIPAL BONDS 64966FV84 490 425000 PRN SOLE 125000 0 300000 NEW YORK NY 5.000% 09/01/19 MUNICIPAL BONDS 64966HAV2 511 425000 PRN SOLE 325000 0 100000 NEW YORK ST DORM AUTH REVS RFD MUNICIPAL BONDS 64983TY98 342 325000 PRN SOLE 175000 0 150000 NEW YORK STATE DORM AUTH 4.000 MUNICIPAL BONDS 649901LP8 302 300000 PRN SOLE 250000 0 50000 NEW YORK STATE DORM AUTH 4.200 MUNICIPAL BONDS 649901KK0 520 520000 PRN SOLE 520000 0 0 NH HEALTH & ED 3.250% 08/01/13 MUNICIPAL BONDS 644614YY9 353 345000 PRN SOLE 245000 0 100000 NIAGARA FALLS NY CSD 5.000% 06 MUNICIPAL BONDS 653424CJ8 336 320000 PRN SOLE 320000 0 0 NJ EDA 5.00 09/01/29 MND PUT 0 MUNICIPAL BONDS 645918LR2 217 200000 PRN SOLE 100000 0 100000 NJ EDA 5.000% 03/01/17 MUNICIPAL BONDS 645918PL1 525 450000 PRN SOLE 275000 0 175000 NJ EDA 5.875% 06/01/18 MUNICIPAL BONDS 64577HLE9 506 500000 PRN SOLE 500000 0 0 NJ HLTH CARE FAC 5.250% 10/01/ MUNICIPAL BONDS 64580AAK7 237 200000 PRN SOLE 200000 0 0 NJ HLTH CARE FAC 5.500% 10/01/ MUNICIPAL BONDS 64580AAL5 233 200000 PRN SOLE 200000 0 0 NJ HLTH RARITAN BAY MED 7.250% MUNICIPAL BONDS 64579CZR4 445 445000 PRN DEFINED 0 195000 250000 NO. PALM BCH FL WTR CNTRL 4.00 MUNICIPAL BONDS 665588MH9 200 200000 PRN SOLE 200000 0 0 NOBLE CORPORATION BAAR NAMEN - COM H5833N103 1451 44600 SH DEFINED 38600 300 5700 NORTH ADIRONDACK NY CSD 3.000% MUNICIPAL BONDS 664728CE0 203 200000 PRN DEFINED 0 200000 0 NORTH BERGEN NJ BD OF ED 4.100 MUNICIPAL BONDS 65765NCF2 201 200000 PRN SOLE 100000 0 100000 NORTH TEXAS TWY AUTH 6.250% 02 MUNICIPAL BONDS 66285WFR2 226 200000 PRN SOLE 200000 0 0 NRG ENERGY 7.625% 05/15/19 CORPORATE BONDS 629377BR2 937 925000 PRN DEFINED 700000 25000 200000 NRG ENERGY INC 7.625% 01/15/18 CORPORATE BONDS 629377BN1 342 330000 PRN DEFINED 130000 200000 0 NUSTAR ENERGY LP UNIT COM 67058H102 13511 250713 SH DEFINED 248513 1300 900 NUSTAR GP HOLDINGS COM 67059L102 13284 427967 SH SOLE 375935 0 52032 NV ENERGY INC COM COM 67073Y106 5265 299482 SH SOLE 289250 0 10232 NYC IDA SPL NEEDS FAC 4.500% 0 MUNICIPAL BONDS 649710BT6 313 350000 PRN SOLE 350000 0 0 NYS ENG 5.150% 11/01/25 MUNICIPAL BONDS 649845ED2 517 515000 PRN SOLE 515000 0 0 NYS ENV 5.000% 03/15/18 MUNICIPAL BONDS 649849BK1 863 800000 PRN SOLE 500000 0 300000 NYS MUNI BOND BANK 5.250% 12/0 MUNICIPAL BONDS 64988TED6 883 850000 PRN SOLE 700000 0 150000 NYSDA 4.000% 02/15/13 MUNICIPAL BONDS 64983M5J3 399 390000 PRN SOLE 390000 0 0 NYSDA 4.125% 02/15/14 MUNICIPAL BONDS 64983M6N3 777 735000 PRN SOLE 735000 0 0 NYSDA 5.250% 11/15/13 MUNICIPAL BONDS 649901MC6 509 500000 PRN SOLE 500000 0 0 NYSDA 5.50 07/01/23 MUNICIPAL BONDS 64983USF8 204 200000 PRN SOLE 100000 0 100000 NYSDA 5.500% 11/01/13 MUNICIPAL BONDS 649838A66 250 235000 PRN SOLE 0 0 235000 NYSDA 6.050% 02/01/26 MUNICIPAL BONDS 64983WYL4 241 240000 PRN SOLE 140000 0 100000 NYSDA 6.250% 07/01/20 MUNICIPAL BONDS 64983XKK9 693 690000 PRN SOLE 300000 0 390000 NYSDA ARC 4.000% 07/01/12 MUNICIPAL BONDS 649905HE9 250 250000 PRN SOLE 150000 0 100000 NYSDA CITY UNIV 5.000% 07/01/1 MUNICIPAL BONDS 64983M2A5 254 215000 PRN SOLE 215000 0 0 NYSDA CLD SVC 5.000% 06/01/18 MUNICIPAL BONDS 649903D57 578 500000 PRN SOLE 100000 0 400000 NYSDA MANHATTAN COLL 5.500% 07 MUNICIPAL BONDS 64983XQY3 302 300000 PRN SOLE 0 0 300000 NYSDA MENTAL 5.000% 02/15/19 MUNICIPAL BONDS 64983MGP7 286 250000 PRN SOLE 0 0 250000 NYSDA MT SINAI HSP 5.000% 07/0 MUNICIPAL BONDS 649905Q33 343 300000 PRN SOLE 100000 0 200000 NYSDA SO NASS COM HSP 5.250% 0 MUNICIPAL BONDS 64983XR63 250 250000 PRN SOLE 250000 0 0 OCCIDENTAL PETE COM 674599105 15741 183520 SH SOLE 160360 0 23160 ORLANDO FL REDEV TX 4.000% 09/ MUNICIPAL BONDS 686430EN5 270 250000 PRN SOLE 250000 0 0 ORLANDO FL TOURIST TAX 5.00 11 MUNICIPAL BONDS 686499AA2 258 250000 PRN SOLE 250000 0 0 OSHKOSH CORP 8.250% 03/01/17 CORPORATE BONDS 688225AB7 329 300000 PRN SOLE 300000 0 0 PA EDA EINSTEIN HLTH 6.250% 10 MUNICIPAL BONDS 70868WAJ2 226 200000 PRN SOLE 200000 0 0 PACKAGING CORP AMER COM 695156109 12912 457227 SH SOLE 388153 0 69074 PANAMA CITY BCH FL 4.250% 11/0 MUNICIPAL BONDS 698148AF0 363 350000 PRN SOLE 350000 0 0 PARAGON SHIPPING COM 69913R309 54 99400 SH SOLE 92500 0 6900 PATRIOT COAL CORP COM COM 70336T104 23 19130 SH SOLE 18084 0 1046 PEABODY ENERGY CORP COM 704549104 2055 83799 SH SOLE 78866 0 4933 PENGROTH ENERGY CORPORATION COM 70706P104 640 100426 SH SOLE 85676 0 14750 PENN VIRGINIA RESOURCE PART COM 707884102 1095 44700 SH SOLE 40000 0 4700 PFIZER INC COM 717081103 28543 1241021 SH DEFINED 1079399 1400 160222 PIONEER NAT RES COM 723787107 17940 203382 SH SOLE 168328 0 35054 PIONEER SW ENERGY LP COM 72388B106 10487 407753 SH SOLE 383319 0 24434 PITNEY BOWES INC 5.60 03/15/18 CORPORATE BONDS 72447XAD9 519 500000 PRN DEFINED 0 500000 0 PLAINS ALL AMERN PIPELINE L UN COM 726503105 24088 298077 SH SOLE 263099 0 34978 POLK FL SCH BD 3.000% 01/01/15 MUNICIPAL BONDS 731125JU5 257 250000 PRN SOLE 250000 0 0 PORT AUTH NY & NJ CONS 85TH 5. 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MUNICIPAL BONDS 89602NBD5 254 250000 PRN SOLE 250000 0 0 ULTRAPETROL BAHAMAS LTD COM COM P94398107 20 16899 SH SOLE 12699 0 4200 UNION CNT NJ ED SVCS 4.30 06/1 MUNICIPAL BONDS 906345BL6 348 345000 PRN SOLE 345000 0 0 UNITED CONTL HLDGS INC COM COM 910047109 2114 86890 SH SOLE 66813 0 20077 UNUM GROUP COM 91529Y106 5754 300800 SH SOLE 246340 0 54460 VANGUARD NATURAL RESOURCES LCO COM 92205F106 9810 377872 SH SOLE 339212 0 38660 VARIAN MED SYS INC COM COM 92220P105 304 5000 SH DEFINED 800 4200 0 VERIZON COMMUNICATIONS COM 92343V104 322 7243 SH DEFINED 3693 750 2800 VERNON CA ELEC 5.125% 08/01/21 MUNICIPAL BONDS 924397CK6 327 295000 PRN SOLE 295000 0 0 VIACOM INC NEW CL B COM 92553P201 10417 221554 SH SOLE 186054 0 35500 VILLAGE CTR CDD FL 5.500% 11/0 MUNICIPAL BONDS 92706NBK8 1341 1270000 PRN SOLE 920000 0 350000 VOLUSIA CNTY FL SCH 5.500% 10/ MUNICIPAL BONDS 92884PAY8 493 470000 PRN SOLE 420000 0 50000 WAL MART STORES INC COM 931142103 18925 271448 SH SOLE 239600 0 31848 WANAQUE BORO NJ 3.000% 12/01/1 MUNICIPAL BONDS 933680CA6 204 200000 PRN SOLE 150000 0 50000 WESTCHESTER CNTY NY HEALTH 5.0 MUNICIPAL BONDS 957366CB1 221 190000 PRN SOLE 140000 0 50000 WESTCHESTER CNTY NY HLTH 4.000 MUNICIPAL BONDS 957366DG9 532 500000 PRN SOLE 300000 0 200000 WESTCHESTER CNTY NY HLTH 5.125 MUNICIPAL BONDS 957366CC9 421 360000 PRN SOLE 260000 0 100000 WESTCHESTER CNTY NY IDA PUR 5. 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