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
AGNC INVT CORP COM 00123Q104 714 54,524 SH   SOLE   54,524 0 0
ALLIANCEBERNSTEIN HLDG L P UNIT LTD PARTN 01881G106 518 11,017 SH   SOLE   11,017 0 0
ALLY FINL INC COM 02005N100 530 12,201 SH   SOLE   12,201 0 0
ALPHABET INC CAP STK CL A 02079K305 281 101 SH   SOLE   101 0 0
ALTRIA GROUP INC COM 02209S103 336 6,436 SH   SOLE   6,436 0 0
AMAZON COM INC COM 023135106 329 101 SH   SOLE   101 0 0
ANNALY CAPITAL MANAGEMENT IN COM 035710409 376 53,428 SH   SOLE   53,428 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 171 12,277 SH   SOLE   12,277 0 0
APOLLO INVT CORP COM NEW 03761U502 546 41,277 SH   SOLE   41,277 0 0
ARES CAPITAL CORP COM 04010L103 446 21,269 SH   SOLE   21,269 0 0
AT&T INC COM 00206R102 864 36,577 SH   SOLE   36,577 0 0
BABCOCK & WILCOX ENTERPRISES COM 05614L209 98 12,000 SH   SOLE   12,000 0 0
BIOGEN INC COM 09062X103 527 2,500 SH   SOLE   2,500 0 0
BLOOMIN BRANDS INC COM 094235108 233 10,601 SH   SOLE   10,601 0 0
BLUE OWL CAPITAL INC COM CL A 09581B103 356 28,101 SH   SOLE   28,101 0 0
BP MIDSTREAM PARTNERS LP UNIT LTD PTNR 0556EL109 1,310 77,431 SH   OTR 1 0 77,431 0
BRAEMAR HOTELS & RESORTS INC 5.5 CUM CV PFD B 10482B200 7,642 420,329 SH   OTR 1 0 420,329 0
BRIGHTSPIRE CAPITAL INC COM CL A 10949T109 1,110 120,039 SH   SOLE   120,039 0 0
CHENIERE ENERGY INC COM NEW 16411R208 5,795 41,799 SH   OTR 1 0 41,799 0
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 2,738 48,578 SH   OTR 1 0 48,578 0
CRESCENT CAP BDC INC COM 225655109 234 13,123 SH   SOLE   13,123 0 0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD PARTNER 226344208 26,936 900,272 SH   OTR 1 0 900,272 0
DCP MIDSTREAM LP COM UT LTD PTN 23311P100 24,808 739,207 SH   OTR 1 0 739,207 0
DELEK LOGISTICS PARTNERS LP COM UNT RP INT 24664T103 672 15,274 SH   OTR 1 0 15,274 0
DOMINION ENERGY INC DEBT 7.250% 6/0 25746U133 271 2,664 SH   SOLE   2,664 0 0
DOMINION ENERGY INC DEBT 7.250% 6/0 25746U133 20,222 199,131 SH   OTR 1 0 199,131 0
DOW INC COM 260557103 641 10,056 SH   SOLE   10,056 0 0
DTE ENERGY CO UNIT 11/01/2022S 233331842 6,376 119,638 SH   OTR 1 0 119,638 0
EDISON INTL COM 281020107 204 2,907 SH   SOLE   2,907 0 0
ENBRIDGE INC COM 29250N105 70 1,512 SH   OTR 1 0 1,512 0
ENBRIDGE INC COM 29250N105 529 11,475 SH   SOLE   11,475 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 39,201 3,503,233 SH   OTR 1 0 3,503,233 0
ENLINK MIDSTREAM LLC COM UNIT REP LTD 29336T100 4,992 517,292 SH   OTR 1 0 517,292 0
ENTERPRISE PRODS PARTNERS L COM 293792107 48,186 1,866,936 SH   OTR 1 0 1,866,936 0
EPR PPTYS PFD C CV 5.75% 26884U208 2,644 102,353 SH   OTR 1 0 102,353 0
EPR PPTYS COM SH BEN INT 26884U109 221 4,032 SH   SOLE   4,032 0 0
EPR PPTYS CONV PFD 9% SR E 26884U307 1,848 55,677 SH   SOLE   55,677 0 0
EPR PPTYS CONV PFD 9% SR E 26884U307 17,471 526,245 SH   OTR 1 0 526,245 0
EQUITY COMWLTH 6.5% CNV PFD D 294628201 7,403 268,700 SH   OTR 1 0 268,700 0
ETFIS SER TR I INFRAC ACT MLP 26923G772 2,794 92,706 SH   SOLE   92,706 0 0
ETFIS SER TR I VIRTUS INFRCAP 26923G822 15,447 641,495 SH   SOLE   641,495 0 0
GLOBAL NET LEASE INC COM NEW 379378201 1,313 83,515 SH   SOLE   83,515 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 330 1,001 SH   SOLE   1,001 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 402 12,821 SH   SOLE   12,821 0 0
HOLLY ENERGY PARTNERS L P COM UT LTD PTN 435763107 10,637 601,292 SH   OTR 1 0 601,292 0
KEYCORP COM 493267108 232 10,365 SH   SOLE   10,365 0 0
KILROY RLTY CORP COM 49427F108 1,682 22,002 SH   SOLE   22,002 0 0
KINDER MORGAN INC DEL COM 49456B101 1,285 67,940 SH   OTR 1 0 67,940 0
KINDER MORGAN INC DEL COM 49456B101 394 20,857 SH   SOLE   20,857 0 0
KKR REAL ESTATE FIN TR INC COM 48251K100 835 40,532 SH   SOLE   40,532 0 0
KOHLS CORP COM 500255104 272 4,501 SH   SOLE   4,501 0 0
KRAFT HEINZ CO COM 500754106 634 16,105 SH   SOLE   16,105 0 0
LUMEN TECHNOLOGIES INC COM 550241103 241 21,363 SH   SOLE   21,363 0 0
LXP INDUSTRIAL TRUST PFD CONV SER C 529043309 826 15,600 SH   OTR 1 0 15,600 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 191 3,890 SH   SOLE   3,890 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 55,237 1,125,680 SH   OTR 1 0 1,125,680 0
MPLX LP COM UNIT REP LTD 55336V100 201 6,049 SH   SOLE   6,049 0 0
MPLX LP COM UNIT REP LTD 55336V100 56,643 1,707,146 SH   OTR 1 0 1,707,146 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 412 38,379 SH   SOLE   38,379 0 0
NEW YORK CMNTY CAP TR V UNIT 11/01/2051 64944P307 261 5,066 SH   SOLE   5,066 0 0
NISOURCE INC UNIT 12/01/2023 65473P121 844 7,092 SH   OTR 1 0 7,092 0
NUSTAR ENERGY LP UNIT COM 67058H102 29,817 2,067,778 SH   OTR 1 0 2,067,778 0
ONEMAIN HLDGS INC COM 68268W103 581 12,256 SH   SOLE   12,256 0 0
ONEOK INC NEW COM 682680103 4,971 70,384 SH   OTR 1 0 70,384 0
PARAMOUNT GROUP INC COM 69924R108 273 25,000 SH   SOLE   25,000 0 0
PHILIP MORRIS INTL INC COM 718172109 266 2,833 SH   SOLE   2,833 0 0
PHILLIPS 66 COM 718546104 333 3,860 SH   SOLE   3,860 0 0
PHILLIPS 66 COM 718546104 24,272 280,964 SH   OTR 1 0 280,964 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 32,889 3,056,592 SH   OTR 1 0 3,056,592 0
PPL CORP COM 69351T106 362 12,675 SH   SOLE   12,675 0 0
PRUDENTIAL FINL INC COM 744320102 559 4,732 SH   SOLE   4,732 0 0
RLJ LODGING TR CUM CONV PFD A 74965L200 22,478 815,889 SH   OTR 1 0 815,889 0
RLJ LODGING TR CUM CONV PFD A 74965L200 352 12,770 SH   SOLE   12,770 0 0
RPT REALTY 7.25 PFD D CONV 74971D200 9,333 157,417 SH   OTR 1 0 157,417 0
RPT REALTY 7.25 PFD D CONV 74971D200 194 3,266 SH   SOLE   3,266 0 0
SALESFORCE COM INC COM 79466L302 253 1,191 SH   SOLE   1,191 0 0
SERIES PORTFOLIOS TR INFRACAP EQUITY 81752T619 2,109 68,295 SH   SOLE   68,295 0 0
SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 822634101 1,732 121,813 SH   OTR 1 0 121,813 0
SHELL PLC SPON ADS 780259305 439 8,001 SH   SOLE   8,001 0 0
SIMON PPTY GROUP INC NEW COM 828806109 342 2,601 SH   SOLE   2,601 0 0
SOUTH JERSEY INDS INC UNIT 04/01/2024 838518306 451 6,484 SH   SOLE   6,484 0 0
SOUTH JERSEY INDS INC UNIT 04/01/2024 838518306 20,885 300,371 SH   OTR 1 0 300,371 0
SOUTHERN CO UNIT 08/01/2022 842587602 182 3,339 SH   SOLE   3,339 0 0
SOUTHERN CO UNIT 08/01/2022 842587602 15,569 285,088 SH   OTR 1 0 285,088 0
SOUTHWEST AIRLS CO COM 844741108 279 6,100 SH   SOLE   6,100 0 0
STARWOOD PPTY TR INC COM 85571B105 272 11,236 SH   SOLE   11,236 0 0
TC ENERGY CORP COM 87807B107 460 8,147 SH   OTR 1 0 8,147 0
THE NECESSITY RETAIL REIT IN COM CLASS A 02607T109 1,476 186,637 SH   SOLE   186,637 0 0
TPG RE FIN TR INC COM 87266M107 1,533 129,793 SH   SOLE   129,793 0 0
UGI CORP NEW UNIT 99/99/9999 902681113 7,054 78,381 SH   OTR 1 0 78,381 0
UNITED STS NAT GAS FD LP CALL 912318900 592 30,000 SH   SOLE   30,000 0 0
UNITED STS OIL FD LP CALL 91232N907 22,303 300,900 SH   SOLE   300,900 0 0
US BANCORP DEL COM NEW 902973304 941 17,707 SH   SOLE   17,707 0 0
VALERO ENERGY CORP COM 91913Y100 458 4,515 SH   SOLE   4,515 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,463 28,706 SH   SOLE   28,706 0 0
VERIZON COMMUNICATIONS INC CALL 92343V904 44,338 870,400 SH   SOLE   870,400 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 392 23,595 SH   SOLE   23,595 0 0
WESTERN ASSET EMERGING MKTS COM 95766A101 892 83,143 SH   SOLE   83,143 0 0
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 958669103 42,005 1,665,533 SH   OTR 1 0 1,665,533 0
WILLIAMS COS INC COM 969457100 522 15,633 SH   OTR 1 0 15,633 0