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
AMEDISYS INC COM 023436108 1,589 40,400 SH   SOLE   40,400 0 0
AMERICAN CAP MTG INVT CORP COM 02504A104 2,436 174,500 SH   SOLE   174,500 0 0
AMERICAN CAP LTD COM 02503Y103 16,762 1,215,485 SH   SOLE   1,215,485 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 16,280 3,742,583 SH   SOLE   3,742,583 0 0
APOLLO RESIDENTIAL MTG INC COM 03763V102 12,148 1,016,569 SH   SOLE   1,016,569 0 0
ASTA FDG INC COM 046220109 11,644 1,464,612 SH   SOLE   1,464,612 0 0
ATLANTIC PWR CORP COM NEW 04878Q863 14,316 7,267,217 SH   SOLE   7,267,217 0 0
BRIDGEPOINT ED INC COM 10807M105 13,405 1,761,467 SH   SOLE   1,761,467 0 0
CALAMOS ASSET MGMT INC CL A 12811R104 5,821 601,323 SH   SOLE   601,323 0 0
CAREER EDUCATION CORP COM 141665109 11,884 3,273,886 SH   SOLE   3,273,886 0 0
CHERRY HILL MTG INVT CORP COM 164651101 2,962 227,874 SH   SOLE   227,874 0 0
CLEAN ENERGY FUELS CORP COM 184499101 749 208,100 SH Put SOLE   208,100 0 0
ECHOSTAR CORP CL A 278768106 27,691 708,030 SH   SOLE   708,030 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 16,638 600,000 SH   SOLE   600,000 0 0
EROS INTL PLC SHS NEW G3788M114 1,672 182,710 SH   SOLE   182,710 0 0
FIFTH STR ASSET MGMT INC CL A COM 31679P109 1,631 500,207 SH   SOLE   500,207 0 0
FIFTH STREET FINANCE CORP COM 31678A103 6,300 987,490 SH   SOLE   987,490 0 0
FIFTH STR SR FLOATNG RATE CO COM 31679F101 5,368 626,377 SH   SOLE   626,377 0 0
HATTERAS FINL CORP COM 41902R103 18,793 1,429,152 SH   SOLE   1,429,152 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 31,276 2,524,305 SH   SOLE   2,524,305 0 0
KLX INC COM 482539103 12,308 399,742 SH   SOLE   399,742 0 0
MEDLEY CAP CORP COM 58503F106 4,630 615,714 SH   SOLE   615,714 0 0
MEDLEY MGMT INC CL A COM 58503T106 3,745 658,178 SH   SOLE   658,178 0 0
NEWFIELD EXPL CO COM 651290108 9,612 295,200 SH   SOLE   295,200 0 0
NL INDS INC COM NEW 629156407 894 294,045 SH   SOLE   294,045 0 0
OM ASSET MGMT PLC SHS G67506108 5,207 339,689 SH   SOLE   339,689 0 0
ORGANOVO HLDGS INC COM 68620A104 249 100,000 SH   SOLE   100,000 0 0
PDC ENERGY INC COM 69327R101 6,085 114,000 SH   SOLE   114,000 0 0
PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 1,884 34,821 PRN   SOLE   34,821 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 5,258 753,321 SH   SOLE   753,321 0 0
RPX CORP COM 74972G103 5,645 513,137 SH   SOLE   513,137 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 15,641 302,878 SH   SOLE   302,878 0 0
STATE NATL COS INC COM 85711T305 12,910 1,316,044 SH   SOLE   1,316,044 0 0
STEEL PARTNERS HLDGS L P LTD PRTRSHIP UNIT 85814R107 6,927 422,888 SH   SOLE   422,888 0 0
SUNCOKE ENERGY INC COM 86722A103 22,991 6,625,640 SH   SOLE   6,625,640 0 0
TELADOC INC COM 87918A105 2,872 159,900 SH   SOLE   159,900 0 0
TESLA MTRS INC NOTE 1.500% 6/0 88160RAA9 52,920 27,000 PRN   SOLE   27,000 0 0
TICC CAPITAL CORP COM 87244T109 4,160 684,250 SH   SOLE   684,250 0 0
WESTMORELAND COAL CO COM 960878106 9,980 1,697,302 SH   SOLE   1,697,302 0 0