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 NOTE 1.625% 3/0 000361AK1 21,608 21,341,000 PRN   OTR 1 21,341,000 0 0
AAR CORP NOTE 1.750% 2/0 000361AR6 19,841 18,500,000 PRN   OTR 1 18,500,000 0 0
ABBVIE INC COM 00287Y109 58 1,200 SH   OTR 1,200 0 0
ABBVIE INC COM 00287Y109 152 3,130 SH   OTR 1 3,130 0 0
ACELRX PHARMACEUTICALS INC COM 00444T100 341 50,709 SH   SOLE 50,709 0 0
AIR LEASE CORP CL A 00912X302 45,350 1,542,527 SH   OTR 1,536,132 0 6,395
AIR LEASE CORP CL A 00912X302 50,457 1,716,241 SH   OTR 1 1,716,241 0 0
AIR LEASE CORP NOTE 3.875%12/0 00912XAK0 10,944 8,500,000 PRN   OTR 1 8,500,000 0 0
ALLEGHANY CORP DEL COM 017175100 39,246 96,804 SH   OTR 96,394 0 410
ALLEGHANY CORP DEL COM 017175100 42,501 104,831 SH   OTR 1 104,291 0 351
ALLIANCE ONE INTL INC NOTE 5.500% 7/1 018772AQ6 14,858 14,849,000 PRN   OTR 1 14,849,000 0 0
AMERICAN EXPRESS CO COM 025816109 440 5,375 SH   SOLE 5,375 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 41,133 959,487 SH   OTR 954,502 0 4,985
AMERICAN WTR WKS CO INC NEW COM 030420103 50,380 1,175,178 SH   OTR 1 1,170,438 0 4,740
APPLE INC COM 037833100 770 1,474 SH   OTR 1 1,474 0 0
ATLAS PIPELINE PARTNERS LP UNIT L P INT 049392103 30,020 778,525 SH   OTR 1 775,525 0 3,000
ATLAS PIPELINE PARTNERS LP UNIT L P INT 049392103 37,463 971,560 SH   OTR 967,535 0 4,025
ATMEL CORP COM 049513104 31,728 4,361,185 SH   OTR 4,361,185 0 0
ATMEL CORP COM 049513104 27,654 3,801,284 SH   OTR 1 3,776,534 0 11,000
BARRETT BILL CORP NOTE 5.000% 3/1 06846NAA2 6,103 6,103,000 PRN   OTR 1 6,103,000 0 0
BED BATH & BEYOND INC COM 075896100 32,616 421,825 SH   OTR 420,120 0 1,705
BED BATH & BEYOND INC COM 075896100 35,552 459,805 SH   OTR 1 459,805 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 692 4 SH   OTR 4 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 173 1 SH   OTR 1 0 0 0
BOEING CO COM 097023105 42,632 326,685 SH   OTR 1 326,685 0 0
BOEING CO COM 097023105 37,309 285,895 SH   OTR 284,785 0 1,110
BRISTOL MYERS SQUIBB CO COM 110122108 558 10,617 SH   OTR 10,617 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 344 6,549 SH   OTR 1 6,549 0 0
CINEMARK HOLDINGS INC COM 17243V102 49,290 1,502,272 SH   OTR 1,495,597 0 6,675
CINEMARK HOLDINGS INC COM 17243V102 58,366 1,778,901 SH   OTR 1 1,774,191 0 4,710
CROWN HOLDINGS INC COM 228368106 47,606 1,091,878 SH   OTR 1,086,818 0 5,060
CROWN HOLDINGS INC COM 228368106 52,810 1,211,242 SH   OTR 1 1,211,242 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 35,679 279,641 SH   OTR 278,041 0 1,600
DIAGEO P L C SPON ADR NEW 25243Q205 48,470 379,888 SH   OTR 1 379,888 0 0
DIRECTV COM 25490A309 38,050 608,900 SH   OTR 606,375 0 2,525
DIRECTV COM 25490A309 42,597 681,660 SH   OTR 1 681,660 0 0
DURECT CORP COM 266605104 149 99,256 SH   OTR 99,256 0 0
DURECT CORP COM 266605104 385 256,600 SH   OTR 1 0 0 256,600
ENTERPRISE PRODS PARTNERS L COM 293792107 41,600 657,388 SH   OTR 654,838 0 2,550
ENTERPRISE PRODS PARTNERS L COM 293792107 30,332 479,335 SH   OTR 1 475,100 0 4,235
EXXON MOBIL CORP COM 30231G102 1,194 13,318 SH   OTR 11,046 0 0
EXXON MOBIL CORP COM 30231G102 779 8,687 SH   OTR 1 8,687 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 1,166 22,825 SH   OTR 22,825 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 102 2,000 SH   OTR 1 2,000 0 0
GENERAL CABLE CORP DEL NEW NOTE 0.875%11/1 369300AD0 20,087 20,087,000 PRN   OTR 1 20,087,000 0 0
GOOGLE INC CL A 38259P508 46,130 44,761 SH   OTR 44,601 0 160
GOOGLE INC CL A 38259P508 52,303 50,751 SH   OTR 1 50,751 0 0
HEALTHSOUTH CORP COM NEW 421924309 46,724 1,330,791 SH   OTR 1 1,330,791 0 0
HEALTHSOUTH CORP COM NEW 421924309 43,189 1,230,097 SH   SOLE 1,224,247 0 5,850
HEWLETT PACKARD CO COM 428236103 235 9,666 SH   OTR 1 2,640 0 5,000
HOLOGIC INC COM 436440101 34,648 1,548,524 SH   OTR 1,541,574 0 6,950
HOLOGIC INC COM 436440101 41,453 1,852,626 SH   OTR 1 1,852,626 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AA9 130 130,000 PRN   OTR 1 130,000 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AA9 70 70,000 PRN   OTR 70,000 0 0
JOHNSON & JOHNSON COM 478160104 45,722 493,707 SH   OTR 491,572 0 2,135
JOHNSON & JOHNSON COM 478160104 54,580 589,360 SH   OTR 1 589,360 0 0
JPMORGAN CHASE & CO COM 46625H100 373 7,230 SH   OTR 1 7,230 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 609 7,550 SH   OTR 1 7,550 0 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 444 104,000 PRN   OTR 1 94,000 0 10,000
KINDER MORGAN INC DEL COM 49456B101 1,319 37,365 SH   OTR 37,365 0 0
KINDER MORGAN INC DEL COM 49456B101 15,536 439,995 SH   OTR 1 439,995 0 0
KNIGHT CAP GROUP INC NOTE 3.500% 3/1 499005AE6 5,993 6,000,000 PRN   OTR 1 6,000,000 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 79 15,400 SH   OTR 1 0 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 32,800 1,216,604 SH   OTR 1,211,779 0 4,825
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 39,569 1,467,701 SH   OTR 1 1,467,701 0 0
LILLY ELI & CO COM 532457108 829 16,631 SH   OTR 16,631 0 0
LINKEDIN CORP COM CL A 53578A108 307 1,374 SH   OTR 1 0 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 50,408 839,569 SH   OTR 834,759 0 4,810
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 43,904 731,237 SH   OTR 1 728,197 0 3,040
MEAD JOHNSON NUTRITION CO COM 582839106 168 2,060 SH   SOLE 2,060 0 0
MEDALLION FINL CORP COM 583928106 65 4,310 SH   OTR 1 4,310 0 0
MERCK & CO INC NEW COM 58933Y105 534 11,854 SH   OTR 1 11,854 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 32,152 514,265 SH   OTR 512,130 0 2,135
MOTOROLA SOLUTIONS INC COM NEW 620076307 36,622 585,770 SH   OTR 1 585,770 0 0
NATIONSTAR MTG HLDGS INC COM 63861C109 36,025 701,965 SH   OTR 699,160 0 2,805
NATIONSTAR MTG HLDGS INC COM 63861C109 36,385 708,990 SH   OTR 1 708,990 0 0
NAVISTAR INTL CORP NEW NOTE 3.000%10/1 63934EAL2 5,433 5,291,000 PRN   OTR 1 5,291,000 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 33,745 5,105,130 SH   OTR 1 5,090,075 0 15,055
NEW RESIDENTIAL INVT CORP COM 64828T102 28,970 4,382,765 SH   OTR 4,364,085 0 18,680
NEWCASTLE INVT CORP COM 65105M108 34,331 5,981,075 SH   OTR 5,956,140 0 24,935
NEWCASTLE INVT CORP COM 65105M108 38,131 6,643,080 SH   OTR 1 6,619,860 0 23,220
NOVAGOLD RES INC COM NEW 66987E206 26 12,100 SH   OTR 1 12,100 0 0
NOVARTIS A G SPONSORED ADR 66987V109 20,994 270,715 SH   OTR 269,550 0 1,165
NOVARTIS A G SPONSORED ADR 66987V109 31,379 404,630 SH   OTR 1 404,630 0 0
NRG YIELD INC COM CL A 62942X108 16,108 454,780 SH   OTR 452,605 0 2,175
NRG YIELD INC COM CL A 62942X108 21,509 607,255 SH   OTR 1 607,255 0 0
NVIDIA CORP COM 67066G104 152 10,000 SH   OTR 1 10,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 37,886 394,322 SH   OTR 392,607 0 1,715
OCCIDENTAL PETE CORP DEL COM 674599105 48,978 509,762 SH   OTR 1 508,567 0 1,195
OCWEN FINL CORP COM NEW 675746309 342 6,085 SH   OTR 1 6,085 0 0
ORACLE CORP COM 68389X105 38,736 1,156,295 SH   OTR 1,151,580 0 4,715
ORACLE CORP COM 68389X105 42,484 1,268,182 SH   OTR 1 1,264,920 0 0
OWENS ILL INC COM NEW 690768403 42,586 1,339,615 SH   OTR 1,334,475 0 5,140
OWENS ILL INC COM NEW 690768403 47,858 1,505,440 SH   OTR 1 1,502,760 0 2,680
PHH CORP COM NEW 693320202 30,941 1,286,520 SH   OTR 1,281,230 0 5,290
PHH CORP COM NEW 693320202 33,849 1,407,455 SH   OTR 1 1,407,455 0 0
POPE RES DEL LTD PARTNERSHIP DEPOSITRY RCPT 732857107 1,058 15,560 SH   OTR 1 0 0 0
PROCTER & GAMBLE CO COM 742718109 1,778 22,016 SH   OTR 21,596 0 420
PROCTER & GAMBLE CO COM 742718109 1,644 20,359 SH   OTR 1 20,359 0 0
QUESTAR CORP COM 748356102 40,603 1,716,115 SH   OTR 1 1,715,925 0 190
QUESTAR CORP COM 748356102 32,949 1,392,612 SH   OTR 1,387,287 0 5,325
SANOFI RIGHT 12/31/2020 80105N113 84 44,150 SH   OTR 1 44,150 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 17,713 663,643 SH   OTR 1 661,443 0 2,200
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 15,526 581,716 SH   OTR 581,716 0 0
SYMETRA FINL CORP COM 87151Q106 20,988 1,120,558 SH   OTR 1,113,728 0 6,830
SYMETRA FINL CORP COM 87151Q106 29,941 1,598,535 SH   OTR 1 1,593,594 0 0
TELEFLEX INC COM 879369106 43,255 469,242 SH   OTR 467,252 0 1,990
TELEFLEX INC COM 879369106 50,202 544,605 SH   OTR 1 544,605 0 0
TELEFLEX INC NOTE 3.875% 8/0 879369AA4 28,201 18,150,000 PRN   OTR 1 18,150,000 0 0
THOMPSON CREEK METALS CO INC COM 884768102 48 15,000 SH   OTR 1 0 0 15,000
TRIUMPH GROUP INC NEW COM 896818101 18,419 257,070 SH   OTR 255,755 0 1,315
TRIUMPH GROUP INC NEW COM 896818101 24,721 345,025 SH   OTR 1 345,025 0 0
UNILEVER N V N Y SHS NEW 904784709 38,910 979,611 SH   OTR 974,976 0 4,635
UNILEVER N V N Y SHS NEW 904784709 46,011 1,158,378 SH   OTR 1 1,158,378 0 0
UNION PAC CORP COM 907818108 454 3,000 SH   SOLE 3,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 81,179 767,872 SH   OTR 1 765,872 0 2,000
VALEANT PHARMACEUTICALS INTL COM 91911K102 70,810 669,791 SH   OTR 666,877 0 2,914
VECTOR GROUP LTD FRNT 1/1 92240MAY4 35,675 30,587,000 PRN   OTR 1 30,587,000 0 0
VIACOM INC NEW CL B 92553P201 45,470 545,919 SH   OTR 1 545,919 0 0
VIACOM INC NEW CL B 92553P201 39,004 468,292 SH   OTR 466,202 0 2,090
WELLS FARGO & CO NEW COM 949746101 61 1,423 SH   OTR 1,423 0 0
WELLS FARGO & CO NEW COM 949746101 416 9,755 SH   OTR 1 9,755 0 0
XEROX CORP COM 984121103 24,051 2,419,643 SH   OTR 2,410,533 0 9,110
XEROX CORP COM 984121103 23,999 2,414,387 SH   OTR 1 2,414,387 0 0
XPO LOGISTICS INC NOTE 4.500%10/0 983793AA8 21,981 15,500,000 PRN   OTR 1 15,500,000 0 0