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
AT&T INC COMM 00206R102 475 13,500 SH   DFND 1 13,500 0 0
BAYTEX ENERGY CORP COMM 07317Q105 1,241 29,800 SH   DFND   29,800 0 0
BOARDWALK PIPELINE PARTNERS LP COMM 096627104 12,232 479,300 SH   DFND 1 479,300 0 0
BOINGO WIRELESS INC COMM 09739C102 9 1,385 SH   DFND   1,385 0 0
BUCKEYE PARTNERS LP COMM 118230101 1,385 19,500 SH   DFND 1 19,500 0 0
CANADIAN NATIONAL RAILWAY COMM 136375102 4,657 76,900 SH   DFND   76,900 0 0
CANADIAN PACIFIC RAILWAY COMM 13645T100 4,956 30,850 SH   DFND   30,850 0 0
CENOVUS ENERGY INC COMM 15135U109 1,930 63,500 SH   DFND   63,500 0 0
CORE-MARK HOLDING CO INC COMM 218681104 7 86 SH   DFND   86 0 0
DUKE ENERGY COMM 26441C204 2,855 41,362 SH   DFND 1 41,362 0 0
EL PASO PIPELINE PARTNERS LP COMM 283702108 15,145 420,700 SH   DFND 1 420,700 0 0
ENBRIDGE INC COMM 29250N105 4,553 98,100 SH   DFND   98,100 0 0
ENBRIDGE ENERGY PARTNERS LP COMM 29250R106 26,238 878,400 SH   DFND 1 878,400 0 0
ENTERPRISE PRODUCTS PARTNERS LP COMM 293792107 65,598 989,416 SH   DFND 1 989,416 0 0
GOGO INC COMM 38046C109 3,179 128,045 SH   DFND   128,045 0 0
GRANITE REIT COMM 387437114 568 14,700 SH   DFND   14,700 0 0
KINDER MORGAN MANAGEMENT LLC COMM 49455U100 37,149 490,987 SH   DFND 1 490,987 0 0
LEAR CORP COMM 521865204 138 1,704 SH   DFND   1,704 0 0
MAGELLAN MIDSTREAM PARTNERS LP COMM 559080106 66,003 1,043,200 SH   DFND 1 1,043,200 0 0
MARKWEST ENERGY PARTNERS LP COMM 570759100 9,721 147,000 SH   DFND 1 147,000 0 0
MID-CON ENERGY PARTNERS LP COMM 59560V109 60 2,619 SH   DFND 1 2,619 0 0
NATL WESTMINSTER BK PLC SER C 7.76% PREF 638539882 10,072 400,000 SH   DFND   400,000 0 0
NUANCE COMMUNICATIONS INC COMM 67020Y100 336 22,080 SH   DFND   22,080 0 0
NUSTAR ENERGY LP COMM 67058H102 6,430 126,100 SH   DFND   126,100 0 0
ONEOK PARTNERS LP COMM 68268N103 29,510 560,500 SH   DFND 1 560,500 0 0
PGT INC COMM 69336V101 1,200 118,625 SH   DFND   118,625 0 0
PEMBINA PIPELINE CORP COMM 706327103 4,729 126,387 SH   DFND   126,387 0 0
PLAINS ALL AMER PIPELINE LP COMM 726503105 50,704 979,400 SH   DFND 1 979,400 0 0
RALLY SOFTWARE DEVELOPMENT CORP COMM 751198102 77 3,972 SH   DFND   3,972 0 0
ROYAL BK OF SCOTLAND PLC PFD 6.25% SER P PREF 780097762 1,619 80,000 SH   DFND   80,000 0 0
SOUTHERN COMPANY COMM 842587107 4,604 112,000 SH   DFND 1 112,000 0 0
SPECTRA ENERGY PARTNERS LP COMM 84756N109 4,490 99,000 SH   DFND 1 99,000 0 0
SUNCOR ENERGY INC COMM 867224107 1,750 47,000 SH   DFND   47,000 0 0
SUNOCO LOGISTICS PARTNERS LP COMM 86764L108 20,304 269,000 SH   DFND 1 269,000 0 0
TRANSCANADA CORP COMM 89353D107 1,413 29,100 SH   DFND   29,100 0 0
VERIZON COMMUNICATIONS INC COMM 92343V104 1,376 28,000 SH   DFND 1 28,000 0 0
XCEL ENERGY INC COMM 98389B100 5,364 192,000 SH   DFND 1 192,000 0 0
AMBARELLA INC COMM G037AX101 90 2,654 SH   DFND   2,654 0 0