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
AEROPOSTALE COM 007865108 2,327 1,436,717 SH   SOLE   1,436,717 0 0
AMEDISYS INC COM 023436108 1,448 36,451 SH   SOLE   36,451 0 0
AMERCO COM 023586100 8,123 24,849 SH   SOLE   24,849 0 0
AMERICAN CAP LTD COM 02503Y103 9,514 702,158 SH   SOLE   702,158 0 0
AMERICAN CAP MTG INVT CORP COM 02504A104 15,406 963,455 SH   SOLE   963,455 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 6,011 1,219,175 SH   SOLE   1,219,175 0 0
APOLLO RESIDENTIAL MTG INC COM 03763V102 10,070 685,524 SH   SOLE   685,524 0 0
ASTA FDG INC COM 046220109 8,110 967,770 SH   SOLE   967,770 0 0
ATLANTIC PWR CORP COM NEW 04878Q863 19,074 6,192,961 SH   SOLE   6,192,961 0 0
BRIDGEPOINT ED INC COM 10807M105 15,426 1,613,560 SH   SOLE   1,613,560 0 0
CHEMOURS CO COM 163851108 1,600 100,000 SH   SOLE   100,000 0 0
CHERRY HILL MTG INVT CORP COM 164651101 2,629 162,092 SH   SOLE   162,092 0 0
CITIGROUP INC COM NEW 172967424 14,903 269,789 SH   SOLE   269,789 0 0
CLEAN ENERGY FUELS CORP COM 184499101 1,376 244,800 SH Put SOLE   244,800 0 0
ECHOSTAR CORP CL A 278768106 19,597 402,563 SH   SOLE   402,563 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 15,402 600,000 SH   SOLE   600,000 0 0
FIFTH STR ASSET MGMT INC CL A COM 31679P109 4,573 444,890 SH   SOLE   444,890 0 0
FIFTH STR SR FLOATNG RATE CO COM 31679F101 3,700 401,285 SH   SOLE   401,285 0 0
FIFTH STREET FINANCE CORP COM 31678A103 5,486 837,582 SH   SOLE   837,582 0 0
HATTERAS FINL CORP COM 41902R103 15,690 962,600 SH   SOLE   962,600 0 0
HUDSON CITY BANCORP COM 443683107 41,454 4,195,765 SH   SOLE   4,195,765 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 16,861 1,177,419 SH   SOLE   1,177,419 0 0
KLX INC COM 482539103 9,918 224,742 SH   SOLE   224,742 0 0
MEDLEY CAP CORP COM 58503F106 4,207 472,191 SH   SOLE   472,191 0 0
MEDLEY MGMT INC CL A COM 58503T106 6,016 508,084 SH   SOLE   508,084 0 0
NEWFIELD EXPL CO COM 651290108 13,986 387,200 SH   SOLE   387,200 0 0
NL INDS INC COM NEW 629156407 2,149 290,008 SH   SOLE   290,008 0 0
OM ASSET MGMT PLC SHS G67506108 6,043 339,689 SH   SOLE   339,689 0 0
ORGANOVO HLDGS INC COM 68620A104 377 100,000 SH   SOLE   100,000 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 4,078 553,321 SH   SOLE   553,321 0 0
PTC THERAPEUTICS INC COM 69366J200 2,118 44,000 SH   SOLE   44,000 0 0
RPX CORP COM 74972G103 3,578 211,736 SH   SOLE   211,736 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 15,833 298,108 SH   SOLE   298,108 0 0
SOLARCITY CORP NOTE 2.750% 11/0 83416TAA8 5,477 5,000 PRN   SOLE   5,000 0 0
STATE NATL COS INC COM 85711T305 14,067 1,298,919 SH   SOLE   1,298,919 0 0
STEEL PARTNERS HLDGS L P LTD PRTRSHIP U 85814R107 7,430 422,888 SH   SOLE   422,888 0 0
TESLA MTRS INC NOTE 1.500% 6/0 88160RAA9 58,865 27,000 PRN   SOLE   27,000 0 0
TICC CAPITAL CORP COM 87244T109 4,035 600,493 SH   SOLE   600,493 0 0
WORLD ACCEP CORP DEL COM 981419104 5,684 92,410 SH   SOLE   92,410 0 0