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
ADIENT PLC ORD SHS G0084W101 17,750 302,900 SH   SOLE   302,900 0 0
ALLIED WRLD ASSUR COM HLDG A SHS H01531104 2,065 38,452 SH   SOLE   38,452 0 0
AMERICAN CAP LTD COM 02503Y103 8,638 482,038 SH   SOLE   482,038 0 0
AMERICAN INTL GROUP INC CALL 026874904 1,515 2,750 SH   SOLE   2,750 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 6,487 276,527 SH   SOLE   276,527 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 522 8,000 SH   SOLE   8,000 0 0
AT&T INC COM 00206R102 1,042 24,500 SH   SOLE   24,500 0 0
ATWOOD OCEANICS INC COM 050095108 622 47,400 SH   SOLE   47,400 0 0
AVISTA HEALTHCARE PUB ACQ CO UNIT 99/99/9999 G0726L109 503 50,000 SH   SOLE   50,000 0 0
B/E AEROSPACE INC COM 073302101 4,213 70,000 SH   SOLE   70,000 0 0
BANCO SANTANDER SA ADR 05964H105 916 176,764 SH   SOLE   176,764 0 0
BATS GLOBAL MKTS INC COM 05491G109 457 13,624 SH   SOLE   13,624 0 0
BEAZER HOMES USA INC COM NEW 07556Q881 7,505 564,315 SH   SOLE   564,315 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 1,360 38,000 SH   SOLE   38,000 0 0
BLUEROCK RESIDENTIAL GRW REI COM CL A 09627J102 7,751 564,958 SH   SOLE   564,958 0 0
BOFI HLDG INC CALL 05566U908 918 831 SH   SOLE   831 0 0
BOFI HLDG INC COM 05566U108 36,746 1,287,090 SH   SOLE   1,287,090 0 0
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 2,648 111,500 SH   SOLE   111,500 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 6,183 495,000 SH   SOLE   495,000 0 0
BROOKFIELD BUSINESS PARTNERS UNIT LTD LP G16234109 22,970 954,880 SH   SOLE   954,880 0 0
CABELAS INC COM 126804301 5,855 100,000 SH   SOLE   100,000 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 5,873 521,595 SH   SOLE   521,595 0 0
CENTURY CMNTYS INC COM 156504300 6,700 319,071 SH   SOLE   319,071 0 0
CINER RES LP COM UNIT LTD 172464109 1,454 50,000 SH   SOLE   50,000 0 0
CITIGROUP INC *W EXP 01/04/201 172967226 2,280 15,000,000 SH   SOLE   15,000,000 0 0
COLONY CAP INC CL A 19624R106 927 45,800 SH   SOLE   45,800 0 0
COLUMBIA PIPELINE PARTNERS L COM UT REPSTG 198281107 6,377 371,813 SH   SOLE   371,813 0 0
CONYERS PK ACQUISITION UNIT 99/99/99991 212894208 163 15,000 SH   SOLE   15,000 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 2,740 49,850 SH   SOLE   49,850 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 3,018 170,492 SH   SOLE   170,492 0 0
ELECTRUM SPL ACQUISITION COR UNIT 99/99/9999 G3105C120 3,049 300,000 SH   SOLE   300,000 0 0
ENSCO PLC CALL G3157S906 921 2,750 SH   SOLE   2,750 0 0
ENSCO PLC SHS CLASS A G3157S106 4,095 421,300 SH   SOLE   421,300 0 0
EQUITY ONE COM 294752100 921 30,000 SH   SOLE   30,000 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 13,889 1,522,892 SH   SOLE   1,522,892 0 0
FLEX LTD ORD Y2573F102 5,226 363,700 SH   SOLE   363,700 0 0
FREEPORT-MCMORAN INC CL B 35671D857 3,107 235,550 SH   SOLE   235,550 0 0
GLOBAL PARTNER ACQUISITION C UNIT 07/01/2020 37954X204 2,500 250,000 SH   SOLE   250,000 0 0
GOLAR LNG PARTNERS LP COM UNIT LPI Y2745C102 7,544 313,800 SH   SOLE   313,800 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 7,813 253,100 SH   SOLE   253,100 0 0
HARMAN INTL INDS INC COM 413086109 2,668 24,000 SH   SOLE   24,000 0 0
HENNESSY CAP ACQUISITION COR COM 42588J100 2,523 250,000 SH   SOLE   250,000 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 505 70,000 SH   SOLE   70,000 0 0
HUDSON TECHNOLOGIES INC COM 444144109 961 120,000 SH   SOLE   120,000 0 0
HUNTER MARITIME ACQUISITION UNIT 99/99/9999 Y37828103 1,522 150,000 SH   SOLE   150,000 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 22,283 2,498,043 SH   SOLE   2,498,043 0 0
JABIL CIRCUIT INC COM 466313103 12,000 506,984 SH   SOLE   506,984 0 0
JAMES RIV GROUP LTD COM G5005R107 831 20,000 SH   SOLE   20,000 0 0
JERNIGAN CAP INC COM 476405105 4,736 225,000 SH   SOLE   225,000 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 21,532 486,379 SH   SOLE   486,379 0 0
KEYCORP NEW COM 493267108 6,042 330,700 SH   SOLE   330,700 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 5,649 100,238 SH   SOLE   100,238 0 0
LIGHTPATH TECHNOLOGIES INC CL A NEW 532257805 1,271 825,000 SH   SOLE   825,000 0 0
LINEAR TECHNOLOGY CORP COM 535678106 3,222 51,681 SH   SOLE   51,681 0 0
MAG SILVER CORP COM 55903Q104 6,985 633,700 SH   SOLE   596,442 0 0
MANULIFE FINL CORP COM 56501R106 610 34,222 SH   SOLE   34,222 0 0
MATTEL INC COM 577081102 1,006 36,500 SH   SOLE   36,500 0 0
MCEWEN MNG INC COM 58039P107 5,134 1,751,800 SH   SOLE   1,751,800 0 0
M D C HLDGS INC COM 552676108 7,967 310,469 SH   SOLE   310,469 0 0
MEDIA GEN INC NEW COM 58441K100 7,515 399,081 SH   SOLE   399,081 0 0
MENTOR GRAPHICS CORP COM 587200106 3,136 85,000 SH   SOLE   85,000 0 0
MONSANTO CO NEW COM 61166W101 2,714 25,800 SH   SOLE   25,800 0 0
NATURAL RESOURCE PARTNERS L COM UNIT LTD PAR 63900P608 1,910 59,143 SH   SOLE   59,143 0 0
NEVSUN RES LTD COM 64156L101 2,166 700,000 SH   SOLE   700,000 0 0
NOBLE CORP PLC CALL G65431901 252 2,900 SH   SOLE   2,900 0 0
NOBLE CORP PLC SHS USD G65431101 7,768 1,312,217 SH   SOLE   1,312,217 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 727 48,000 SH   SOLE   48,000 0 0
NUANCE COMMUNICATIONS INC DEBT 1.500%11/0 67020YAG5 974 1,000,000 SH   SOLE   1,000,000 0 0
NXP SEMICONDUCTORS N V COM N6596X109 15,290 156,000 SH   SOLE   156,000 0 0
OCI PARTNERS LP COM UNIT REP LP 67091N108 1,826 218,700 SH   SOLE   218,700 0 0
OVERSTOCK COM INC DEL COM 690370101 2,103 120,170 SH   SOLE   120,170 0 0
PACE HLDGS CORP UNIT 99/99/9999 G6865N129 269 25,000 SH   SOLE   25,000 0 0
PATTERN ENERGY GROUP INC NOTE 4.000% 7/1 70338PAB6 969 1,000,000 SH   SOLE   1,000,000 0 0
PATTERSON UTI ENERGY INC COM 703481101 7,462 277,210 SH   SOLE   277,210 0 0
PRECISION DRILLING CORP COM 2010 74022D308 2,320 425,000 SH   SOLE   425,000 0 0
PRIVATEBANCORP INC COM 742962103 2,168 40,000 SH   SOLE   40,000 0 0
QORVO INC COM 74736K101 5,745 108,950 SH   SOLE   108,950 0 0
QUINPARIO ACQUISITION CORP 2 UNIT 01/01/2023 74874U200 4,558 450,000 SH   SOLE   450,000 0 0
REGIONS FINL CORP NEW COM 7591EP100 8,105 564,400 SH   SOLE   564,400 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 19,040 399,488 SH   SOLE   399,488 0 0
REYNOLDS AMERICAN INC COM 761713106 4,874 86,966 SH   SOLE   86,966 0 0
RIO TINTO PLC SPONSORED ADR 767204100 10,842 281,908 SH   SOLE   281,908 0 0
RMG NETWORKS HLDG CORP COM 74966K102 309 453,742 SH   SOLE   453,742 0 0
ROYAL GOLD INC COM 780287108 1,941 30,647 SH   SOLE   30,647 0 0
S&W SEED CO COM 785135104 249 54,065 SH   SOLE   54,065 0 0
SABAN CAP ACQUISITION CORP UNIT 99/99/9999 78516C205 2,593 250,000 SH   SOLE   250,000 0 0
SCHNITZER STL INDS CL A 806882106 7,830 304,655 SH   SOLE   304,655 0 0
SEACOR HOLDINGS INC COM 811904101 207 2,900 SH   SOLE   2,900 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 8,424 445,017 SH   SOLE   445,017 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 7,757 103,900 SH   SOLE   103,900 0 0
SPECTRA ENERGY CORP COM 847560109 3,622 88,145 SH   SOLE   88,145 0 0
ST JUDE MED INC COM 790849103 10,952 136,577 SH   SOLE   136,577 0 0
SUN LIFE FINL INC COM 866796105 659 17,131 SH   SOLE   17,131 0 0
SUNCOKE ENERGY PARTNERS L P COMUNIT REP LT 86722Y101 5,997 311,530 SH   SOLE   311,530 0 0
SUNTRUST BKS INC COM 867914103 5,628 102,600 SH   SOLE   102,600 0 0
SYNGENTA AG SPONSORED ADR 87160A100 5,138 65,000 SH   SOLE   65,000 0 0
SYNOVUS FINL CORP COM NEW 87161C501 9,531 232,021 SH   SOLE   232,021 0 0
TASEKO MINES LTD COM 876511106 8,912 10,302,574 SH   SOLE   10,302,574 0 0
TERRAFORM GLOBAL INC CL A 88104M101 1,185 300,000 SH   SOLE   300,000 0 0
TERRAFORM PWR INC CL A COM 88104R100 20,035 1,564,000 SH   SOLE   1,564,000 0 0
TRANSALTA CORP COM 89346D107 25,755 4,648,600 SH   SOLE   4,648,600 0 0
TRANSOCEAN LTD CALL H8817H900 1,719 3,000 SH   SOLE   3,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 2,989 202,800 SH   SOLE   202,800 0 0
UNISYS CORP COM NEW 909214306 4,321 289,000 SH   SOLE   289,000 0 0
VALSPAR CORP COM 920355104 1,813 17,500 SH   SOLE   17,500 0 0
VERTEX ENERGY INC COM 92534K107 2,379 1,815,831 SH   SOLE   1,815,831 0 0
WESTAR ENERGY INC COM 95709T100 5,278 93,669 SH   SOLE   93,669 0 0
WESTERN REFNG INC COM 959319104 6,122 161,750 SH   SOLE   161,750 0 0
WHITEWAVE FOODS CO CALL 966244905 981 1,751 SH   SOLE   1,751 0 0
XPLORE TECHNOLOGIES CORP COM PAR $0.001 983950700 256 126,716 SH   SOLE   126,716 0 0
ZIONS BANCORPORATION COM 989701107 8,416 195,533 SH   SOLE   195,533 0 0