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 1,534 40,400 SH   SOLE   40,400 0 0
AMERCO COM 023586100 2,401 6,103 SH   SOLE   6,103 0 0
AMERICAN CAP LTD COM 02503Y103 14,272 1,173,716 SH   SOLE   1,173,716 0 0
AMERICAN CAP MTG INVT CORP COM 02504A104 17,488 1,186,426 SH   SOLE   1,186,426 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 6,517 1,319,175 SH   SOLE   1,319,175 0 0
APOLLO RESIDENTIAL MTG INC COM 03763V102 12,870 1,016,569 SH   SOLE   1,016,569 0 0
ASTA FDG INC COM 046220109 10,142 1,189,037 SH   SOLE   1,189,037 0 0
ATLANTIC PWR CORP COM NEW 04878Q863 11,519 6,192,961 SH   SOLE   6,192,961 0 0
BRIDGEPOINT ED INC COM 10807M105 13,159 1,726,872 SH   SOLE   1,726,872 0 0
CALAMOS ASSET MGMT INC CL A 12811R104 2,670 281,684 SH   SOLE   281,684 0 0
CAREER EDUCATION CORP COM 141665109 12,310 3,273,886 SH   SOLE   3,273,886 0 0
CHERRY HILL MTG INVT CORP COM 164651101 2,469 162,092 SH   SOLE   162,092 0 0
CLEAN ENERGY FUELS CORP COM 184499101 1,102 244,800 SH Put SOLE   244,800 0 0
ECHOSTAR CORP CL A 278768106 20,482 475,991 SH   SOLE   475,991 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 16,344 600,000 SH   SOLE   600,000 0 0
FIFTH STR ASSET MGMT INC CL A COM 31679P109 3,718 497,739 SH   SOLE   497,739 0 0
FIFTH STR SR FLOATNG RATE CO COM 31679F101 5,333 610,877 SH   SOLE   610,877 0 0
FIFTH STREET FINANCE CORP COM 31678A103 6,093 987,490 SH   SOLE   987,490 0 0
HATTERAS FINL CORP COM 41902R103 22,687 1,497,500 SH   SOLE   1,497,500 0 0
HUDSON CITY BANCORP COM 443683107 54,174 5,326,806 SH   SOLE   5,326,806 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 20,113 1,643,259 SH   SOLE   1,643,259 0 0
KLX INC COM 482539103 8,926 249,742 SH   SOLE   249,742 0 0
MEDLEY CAP CORP COM 58503F106 4,581 615,714 SH   SOLE   615,714 0 0
MEDLEY MGMT INC CL A COM 58503T106 4,323 652,980 SH   SOLE   652,980 0 0
NEWFIELD EXPL CO COM 651290108 12,739 387,200 SH   SOLE   387,200 0 0
NL INDS INC COM NEW 629156407 927 309,933 SH   SOLE   309,933 0 0
OM ASSET MGMT PLC SHS G67506108 5,238 339,689 SH   SOLE   339,689 0 0
ORGANOVO HLDGS INC COM 68620A104 268 100,000 SH   SOLE   100,000 0 0
PDC ENERGY INC COM 69327R101 8,164 154,000 SH   SOLE   154,000 0 0
PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 766 7,181 PRN   SOLE   7,181 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 5,371 753,321 SH   SOLE   753,321 0 0
PTC THERAPEUTICS INC COM 69366J200 959 35,900 SH Put SOLE   35,900 0 0
RPX CORP COM 74972G103 5,706 415,899 SH   SOLE   415,899 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 15,011 304,908 SH   SOLE   304,908 0 0
SOLARCITY CORP NOTE 2.750%11/0 83416TAA8 4,626 5,000 PRN   SOLE   5,000 0 0
STATE NATL COS INC COM 85711T305 12,155 1,300,044 SH   SOLE   1,300,044 0 0
STEEL PARTNERS HLDGS L P LTD PRTRSHIP U 85814R107 6,990 422,888 SH   SOLE   422,888 0 0
SUNCOKE ENERGY INC COM 86722A103 13,890 1,785,313 SH   SOLE   1,785,313 0 0
TELADOC INC COM 87918A105 3,564 159,900 SH   SOLE   159,900 0 0
TESLA MTRS INC NOTE 1.500% 6/0 88160RAA9 54,949 27,000 PRN   SOLE   27,000 0 0
TICC CAPITAL CORP COM 87244T109 4,591 684,250 SH   SOLE   684,250 0 0
WESTMORELAND COAL CO COM 960878106 5,079 360,503 SH   SOLE   360,503 0 0