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
ABERDEEN ASIA-PAC INCOME FD COM 003009107 98 29,066 SH   SOLE   29,066 0 0
ABERDEEN JAPAN EQUITY FUND I COM 00306J109 106 16,894 SH   SOLE   16,894 0 0
ADECOAGRO SA COM L00849106 2,644 679,726 SH   SOLE   679,726 0 0
ANWORTH MORTGAGE ASSET CORP COM 037347101 547 483,930 SH   SOLE   483,930 0 0
BERKSHIRE HATHAWAY INC-CL A CL A 084670108 2,176 8 SH   SOLE   8 0 0
BLACKROCK CALIFOR MUNI IN TR SH BEN INT 09248E102 866 68,255 SH   SOLE   68,255 0 0
BLACKROCK FLOAT RT INCOME ST COM 09255X100 502 50,159 SH   SOLE   50,159 0 0
BLACKROCK MUNI NY INT DUR FD COM 09255F109 525 35,826 SH   SOLE   35,826 0 0
BLACKROCK NEW YORK MUNI BOND COM 09249P106 505 35,994 SH   SOLE   35,994 0 0
BRANDYWINEGLOBAL GLOBAL INCO COM 10537L104 654 62,016 SH   SOLE   62,016 0 0
CAPSTEAD MORTGAGE CORP COM NO PAR 14067E506 184 43,825 SH   SOLE   43,825 0 0
CHERRY HILL MORTGAGE INVESTM COM 164651101 111 17,925 SH   SOLE   17,925 0 0
COLONY CREDIT REAL ESTATE IN COM CL A 19625T101 153 38,724 SH   SOLE   38,724 0 0
EATON VANCE FLOATING-RATE IN COM SHS BEN INT 278284104 479 41,171 SH   SOLE   41,171 0 0
ELLINGTON FINANCIAL INC COM 28852N109 116 20,281 SH   SOLE   20,281 0 0
ELLINGTON RESIDENTIAL MORTGA COM SHS BEN INT 288578107 2,926 552,127 SH   SOLE   552,127 0 0
ENTERPRISE PRODUCTS PARTNERS COM 293792107 143 10,000 SH   SOLE   10,000 0 0
EQUUS TOTAL RETURN INC COM 294766100 51 54,210 SH   SOLE   54,210 0 0
FIRST TRUST SENIOR FLOATING COM 33733U108 108 11,347 SH   SOLE   11,347 0 0
FS KKR CAPITAL CORP COM 302635107 3,000 999,985 SH   SOLE   999,985 0 0
GARRISON CAPITAL INC COM 366554103 345 203,123 SH   SOLE   203,123 0 0
GDL FUND/THE COM SH BEN IT 361570104 86 11,006 SH   SOLE   11,006 0 0
GLOBAL X FDS GLBL X MLP ETF 37950E473 1,323 419,916 SH   SOLE   419,916 0 0
GREAT AJAX CORP COM 38983D300 3,981 625,977 SH   SOLE   625,977 0 0
HIGHLAND GLOBAL ALLOCATION COM 43010T104 1,138 261,714 SH   SOLE   261,714 0 0
HIGHLAND INCOME FUND HIGHLAND INCOME 43010E404 2,515 294,853 SH   SOLE   294,853 0 0
HUNT COMPANIES FINANCE TRUST COM 44558T100 573 309,471 SH   SOLE   309,471 0 0
MGIC INVESTMENT CORP COM 552848103 2,459 387,206 SH   SOLE   387,206 0 0
MMA CAPITAL HOLDINGS INC COM 55315D105 2,105 85,102 SH   SOLE   85,102 0 0
MORGAN STANLEY EMERGING MARK COM 617477104 161 30,943 SH   SOLE   30,943 0 0
MORGAN STANLEY INDIA INVEST COM 61745C105 426 33,220 SH   SOLE   33,220 0 0
MVC CAPITAL INC COM 553829102 2,335 534,428 SH   SOLE   534,428 0 0
NICHOLAS FINANCIAL INC COM NEW 65373J209 611 104,591 SH   SOLE   104,591 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P108 1,683 519,473 SH   SOLE   519,473 0 0
ORCHID ISLAND CAPITAL INC COM 68571X103 218 73,789 SH   SOLE   73,789 0 0
PIONEER FLOATING RATE TRUST COM 72369J102 1,189 155,470 SH   SOLE   155,470 0 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 3,609 650,243 SH   SOLE   650,243 0 0
SALIENT MIDSTREAM & MLP FUND SH BEN INT 79471V105 336 96,441 SH   SOLE   96,441 0 0
STERLING BANCORP INC/MI COM 85917W102 142 32,977 SH   SOLE   32,977 0 0
TEMPLETON DRAGON FUND INC COM 88018T101 186 10,925 SH   SOLE   10,925 0 0
TREMONT MORTGAGE TRUST COM 894789106 564 268,595 SH   SOLE   268,595 0 0
TWO HARBORS INVESTMENT CORP COM NEW 90187B408 38 10,000 SH   SOLE   10,000 0 0
WESTERN ASSET CORPORATE LOAN COM 95790J102 667 93,959 SH   SOLE   93,959 0 0
WESTERN ASSET GLOBAL HIGH IN COM 95766B109 520 69,557 SH   SOLE   69,557 0 0
WESTERN ASSET HI INC OPPORT COM 95766K109 1,881 446,697 SH   SOLE   446,697 0 0
WESTERN ASSET HIGH INC II COM 95766J102 197 39,284 SH   SOLE   39,284 0 0