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
AAR CORP COM 000361105 1,581 51,483 SH   SOLE   51,483 0 0
AMEDISYS INC COM 023436108 976 36,451 SH   SOLE   36,451 0 0
AMERICAN CAP LTD COM 02503Y103 9,645 652,158 SH   SOLE   652,158 0 0
AMERICAN CAP MTG INVT CORP COM 02504A104 13,730 764,500 SH   SOLE   764,500 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 3,101 609,175 SH   SOLE   609,175 0 0
APOLLO RESIDENTIAL MTG INC COM 03763V102 10,934 685,524 SH   SOLE   685,524 0 0
ASTA FDG INC COM 046220109 8,071 967,770 SH   SOLE   967,770 0 0
ATLANTIC PWR CORP COM NEW 04878Q863 29,671 10,559,109 SH   SOLE   10,559,109 0 0
BRIDGEPOINT ED INC COM 10807M105 13,249 1,372,931 SH   SOLE   1,372,931 0 0
CELLADON CORP COM 15117E107 18,940 1,000,000 SH   SOLE   1,000,000 0 0
CHERRY HILL MTG INVT CORP COM 164651101 2,858 162,092 SH   SOLE   162,092 0 0
CITIGROUP INC COM NEW 172967424 22,058 428,152 SH   SOLE   428,152 0 0
ECHOSTAR CORP CL A 278768106 11,651 225,267 SH   SOLE   225,267 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 13,275 500,000 SH   SOLE   500,000 0 0
FIFTH STR ASSET MGMT INC CL A COM 31679P109 4,173 370,282 SH   SOLE   370,282 0 0
FIFTH STR SR FLOATNG RATE CO COM 31679F101 4,266 401,285 SH   SOLE   401,285 0 0
FIFTH STREET FINANCE CORP COM 31678A103 6,114 837,582 SH   SOLE   837,582 0 0
HATTERAS FINL CORP COM 41902R103 13,505 743,679 SH   SOLE   743,679 0 0
HUDSON CITY BANCORP COM 443683107 28,711 2,739,622 SH   SOLE   2,739,622 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 16,069 1,034,719 SH   SOLE   1,034,719 0 0
KLX INC COM 482539103 5,850 151,782 SH   SOLE   151,782 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 14,586 246,102 SH   SOLE   246,102 0 0
MEDLEY CAP CORP COM 58503F106 4,321 472,191 SH   SOLE   472,191 0 0
MEDLEY MGMT INC CL A COM 58503T106 5,584 508,084 SH   SOLE   508,084 0 0
MRC GLOBAL INC COM 55345K103 8,453 713,304 SH   SOLE   713,304 0 0
NEWFIELD EXPL CO COM 651290108 13,587 387,200 SH   SOLE   387,200 0 0
NL INDS INC COM NEW 629156407 2,133 275,208 SH   SOLE   275,208 0 0
OM ASSET MGMT PLC SHS G67506108 6,203 332,789 SH   SOLE   332,789 0 0
ORGANOVO HLDGS INC COM 68620A104 354 100,000 SH   SOLE   100,000 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 4,253 503,321 SH   SOLE   503,321 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 14,741 242,015 SH   SOLE   242,015 0 0
SESA STERLITE LTD SPONSORED ADR 78413F103 473 38,119 SH   SOLE   38,119 0 0
SOLARCITY CORP NOTE 2.750%11/0 83416TAA8 5,240 5,000 PRN   SOLE   5,000 0 0
STATE NATL COS INC COM 85711T305 12,924 1,298,919 SH   SOLE   1,298,919 0 0
STEEL PARTNERS HLDGS L P LTD PRTRSHIP U 85814R107 8,031 422,888 SH   SOLE   422,888 0 0
TALISMAN ENERGY INC COM 87425E103 11,136 1,450,000 SH   SOLE   1,450,000 0 0
TALISMAN ENERGY INC COM 87425E103 2,086 271,600 SH Call SOLE   271,600 0 0
TESLA MTRS INC NOTE 1.500% 6/0 88160RAA9 43,415 27,000 PRN   SOLE   27,000 0 0
TICC CAPITAL CORP COM 87244T109 4,155 600,493 SH   SOLE   600,493 0 0
TIME WARNER CABLE INC COM 88732J207 8,860 59,115 SH   SOLE   59,115 0 0
WORLD ACCEP CORP DEL COM 981419104 3,371 46,223 SH   SOLE   46,223 0 0
ZAIS FINL CORP COM 98886K108 2,434 136,426 SH   SOLE   136,426 0 0