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
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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
ARCC Ares Capl Corp COM 04010L103 193 11,700 SH   SOLE   11,700 0 0
AT&T Inc. COM 00206R102 5,268 123,858 SH   SOLE   123,858 0 0
Allstate Corp. COM 020002101 4,175 56,324 SH   SOLE   56,324 0 0
AnnalyCapMgmtIncREIT COM 035710409 1,578 158,260 SH   SOLE   158,260 0 0
Applied Materials COM 038222105 5,653 175,190 SH   SOLE   175,190 0 0
BB&T Corporation COM 054937107 1,600 34,020 SH   SOLE   34,020 0 0
BSM BlackStoneMnlsLP COM 09225M101 329 17,500 SH   SOLE   17,500 0 0
Bank of America Corp. COM 060505104 6,953 314,637 SH   SOLE   314,637 0 0
Boeing Company COM 097023105 4,241 27,240 SH   SOLE   27,240 0 0
CNP CenterPointEnrgy COM 15189T107 399 16,200 SH   SOLE   16,200 0 0
Capital One Fin'l Corp COM 14040H105 3,251 37,270 SH   SOLE   37,270 0 0
Citigroup Inc COM 172967424 5,799 97,576 SH   SOLE   97,576 0 0
Cullen Frost Bankers COM 229899109 6,783 76,876 SH   SOLE   76,876 0 0
Dover Corporation COM 260003108 1,005 13,406 SH   SOLE   13,406 0 0
Dow Chemical Co COM 260543103 5,144 89,894 SH   SOLE   89,894 0 0
ETR Entergy Corp COM 29364G103 220 3,000 SH   SOLE   3,000 0 0
Emcore Corporation COM 290846203 109 12,500 SH   SOLE   12,500 0 0
Enzo Biochem Inc. COM 294100102 486 70,001 SH   SOLE   70,001 0 0
FSP FranklinStrPrpCrp REIT COM 35471R106 181 14,000 SH   SOLE   14,000 0 0
GBDC Golub Cap BDC COM 38173M102 186 10,100 SH   SOLE   10,100 0 0
General Motors Co COM 37045V100 6,798 195,120 SH   SOLE   195,120 0 0
Gilead Sciences Inc COM 375558103 2,210 30,858 SH   SOLE   30,858 0 0
HPT Hsptlty PrpREIT COM 44106M102 397 12,500 SH   SOLE   12,500 0 0
HTGC HerculesCapInc COM 427096508 200 14,200 SH   SOLE   14,200 0 0
KMI Kinder Morgan Inc COM 49456B101 770 37,200 SH   SOLE   37,200 0 0
LPT Liberty Prp Tr REIT COM 531172104 265 6,700 SH   SOLE   6,700 0 0
Lincoln National Corp. COM 534187109 1,646 24,845 SH   SOLE   24,845 0 0
MAIN Main St CapCrp COM 56035L104 202 5,500 SH   SOLE   5,500 0 0
MCY Mercury GenlCrp COM 589400100 229 3,800 SH   SOLE   3,800 0 0
Merck & Co. Inc. COM 58933Y105 1,147 19,485 SH   SOLE   19,485 0 0
Mosaic Co. (The) COM 61945C103 3,759 128,155 SH   SOLE   128,155 0 0
NMFC NewMtnFinCorp COM 647551100 175 12,400 SH   SOLE   12,400 0 0
NYCB NYCmtyBancorp COM 649445103 178 11,200 SH   SOLE   11,200 0 0
Nat'l Oilwell Varco Inc COM 637071101 2,152 57,468 SH   SOLE   57,468 0 0
O Realty Incm Crp REIT COM 756109104 236 4,100 SH   SOLE   4,100 0 0
Occidental Petro Corp COM 674599105 3,251 45,647 SH   SOLE   45,647 0 0
PM Philip Morris Intl COM 718172109 302 3,300 SH   SOLE   3,300 0 0
PNNT PennantPark Inv COM 708062104 139 18,200 SH   SOLE   18,200 0 0
PRK Park Natl Corp COM 700658107 263 2,200 SH   SOLE   2,200 0 0
PSEC Prospect CapCorp COM 74348T102 130 15,600 SH   SOLE   15,600 0 0
SO Southern Co/The COM 842587107 275 5,600 SH   SOLE   5,600 0 0
Schlumberger Ltd COM 806857108 4,404 52,455 SH   SOLE   52,455 0 0
TCRD THL Credit Inc COM 872438106 119 11,900 SH   SOLE   11,900 0 0
Union Pacific Corp COM 907818108 5,384 51,925 SH   SOLE   51,925 0 0
Wal-Mart Stores Inc COM 931142103 2,023 29,273 SH   SOLE   29,273 0 0
WestRock Company COM 96145D105 4,746 93,485 SH   SOLE   93,485 0 0
Western Union Co/The COM 959802109 5,337 245,696 SH   SOLE   245,696 0 0
Zimmer Biomet Hldgs Inc COM 98956P102 1,567 15,185 SH   SOLE   15,185 0 0
BP Plc ADS ADR 055622104 4,967 132,877 SH   SOLE   132,877 0 0
Honda Motor Co Ltd. ADR 438128308 3,372 115,525 SH   SOLE   115,525 0 0
JohnsonControlsIntl Plc ADR G51502105 953 23,143 SH   SOLE   23,143 0 0
OB Onebeacon InsGrp ADR G67742109 183 11,400 SH   SOLE   11,400 0 0
Rio Tinto Plc ADR 767204100 3,044 79,135 SH   SOLE   79,135 0 0
Royal Dutch Shell A Plc ADR 780259206 2,641 48,559 SH   SOLE   48,559 0 0
SFL Ship Fin Intl Ltd ADR G81075106 153 10,300 SH   SOLE   10,300 0 0
Sanofi ADS ADR 80105N105 4,196 103,753 SH   SOLE   103,753 0 0
Teva Phrm Ind Ltd ADR ADR 881624209 6,097 168,190 SH   SOLE   168,190 0 0
XL Group Ltd. ADR G98294104 6,057 162,568 SH   SOLE   162,568 0 0
Alliance WW Priv Fd (AWPAX) MMF 01879X103 284 19,580 SH   SOLE   19,580 0 0
FTABX Fidelity Tax-Free Bond F MMF 316128503 491 43,557 SH   SOLE   43,557 0 0
MS India Invstmnt Fd (IIF) MMF 61745C105 284 11,100 SH   SOLE   11,100 0 0
SBI Western Asset Interm Muni MMF 958435109 455 47,800 SH   SOLE   47,800 0 0
ProShares Ultra BB Crude Oil ( ETF 74347W320 1,694 145,000 SH   SOLE   145,000 0 0
US Natural Gas Fd ETF (UNG) ETF 912318201 255 27,300 SH   SOLE   27,300 0 0
Vaneck Vectors ETF Tr (ISRA) ETF 57061R676 523 19,500 SH   SOLE   19,500 0 0