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
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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
GENERAL FIN SRS C CUM RED PERP PRF Equity 369822507 71,000 1,000 SH   SOLE   1,000 0 0
STONECASTLE FINL CORP Equity 861780104 45,612 2,635 SH   SOLE   2,635 0 0
PROSHARES TR Equity 74348A210 260,736 4,200 SH   SOLE   4,200 0 0
KEYCORP NEW Equity 493267108 75,624 6,850 SH   SOLE   6,850 0 0
ADCARE HLT 10.875% SRS A CUM RED PRF Equity 00650W409 168,679 7,636 SH   SOLE   7,636 0 0
OFS CAP CORP Equity 67103B100 102,668 7,928 SH   SOLE   7,928 0 0
YOUKU TUDOU INC Equity 98742U100 229,102 8,334 SH   SOLE   8,334 0 0
INVESTORS TITLE CO Equity 461804106 911,337 10,007 SH   SOLE   10,007 0 0
RONA 5.25% 5 YEAR SRS 6 CL A CUM PRF Equity 776249302 178,058 11,980 SH   SOLE   11,980 0 0
SARATOGA INVT CORP Equity 80349A208 193,319 12,329 SH   SOLE   12,329 0 0
KKR & CO L P DEL Equity 48248M102 275,438 18,750 SH   SOLE   18,750 0 0
CARLYLE GROUP L P Equity 14309L102 325,632 19,291 SH   SOLE   19,291 0 0
RMR GROUP INC Equity 74967R106 487,445 19,490 SH   SOLE   19,490 0 0
TOWER INTL INC Equity 891826109 766,442 28,178 SH   SOLE   28,178 0 0
CURRENCY EXCHANGE INTERNATIONAL ORD Equity 23131B307 719,139 39,799 SH   SOLE   39,799 0 0
FIFTH STREET FINANCE CORP Equity 31678A103 249,519 49,705 SH   SOLE   49,705 0 0
FIFTH STR ASSET MGMT INC Equity 31679P109 176,256 57,600 SH   SOLE   57,600 0 0
TUMI HLDGS INC Equity 89969Q104 1,594,717 59,460 SH   SOLE   59,460 0 0
WHITEHORSE FIN INC Equity 96524V106 654,957 63,098 SH   SOLE   63,098 0 0
HUMANA INC Equity 444859102 11,981,944 65,493 SH   SOLE   65,493 0 0
NATIONAL INTERSTATE CORP Equity 63654U100 2,106,308 70,398 SH   SOLE   70,398 0 0
FORTRESS INVESTMENT GROUP LL Equity 34958B106 339,648 71,056 SH   SOLE   71,056 0 0
TIME WARNER CABLE INC Equity 88732J207 15,023,814 73,423 SH   SOLE   73,423 0 0
DARLING INGREDIENTS INC Equity 237266101 979,848 74,400 SH   SOLE   74,400 0 0
AMERICAN CAP LTD Equity 02503Y103 1,254,404 82,310 SH   SOLE   82,310 0 0
MEDLEY CAP CORP Equity 58503F106 618,090 93,650 SH   SOLE   93,650 0 0
VISHAY PRECISION GROUP INC Equity 92835K103 1,421,987 101,498 SH   SOLE   101,498 0 0
POWERSECURE INTL INC Equity 73936N105 2,232,446 119,446 SH   SOLE   119,446 0 0
STARWOOD HOTELS&RESORTS WRLD Equity 85590A401 10,191,058 122,151 SH   SOLE   122,151 0 0
CARMIKE CINEMAS INC Equity 143436400 3,796,635 126,386 SH   SOLE   126,386 0 0
NEWPORT CORP Equity 651824104 2,924,910 127,170 SH   SOLE   127,170 0 0
SANDISK CORP Equity 80004C101 10,057,928 132,202 SH   SOLE   132,202 0 0
CAMERON INTERNATIONAL CORP Equity 13342B105 10,180,336 151,832 SH   SOLE   151,832 0 0
FAIRCHILD SEMICONDUCTOR INTL Equity 303726103 3,282,360 164,118 SH   SOLE   164,118 0 0
HEARTLAND PMT SYS INC Equity 42235N108 16,989,464 175,929 SH   SOLE   175,929 0 0
INPUT CAPITAL ORD Equity 45780G105 260,202 210,190 SH   SOLE   210,190 0 0
BAXALTA INC Equity 07177M103 9,817,483 243,007 SH   SOLE   243,007 0 0
JARDEN CORP Equity 471109108 16,444,928 278,964 SH   SOLE   278,964 0 0
USA TECHNOLOGIES INC Equity 90328S500 1,277,855 293,086 SH   SOLE   293,086 0 0
FRESH MKT INC Equity 35804H106 12,161,711 426,278 SH   SOLE   426,278 0 0
ERAX 7.750 12/15/22 '17 Bond 26885GAB5 414,375 500,000 PRN   SOLE   500,000 0 0
CORENERGY INFRASTRUCTURE TR Bond 21870UAA4 699,619 885,000 PRN   SOLE   885,000 0 0
IMVESCOR RESTAURANT GROUP ORD Equity 45323P109 2,237,896 1,098,300 SH   SOLE   1,098,300 0 0