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
ADECOAGRO SA COM L00849106 3,174 679,726 SH   SOLE   0 0 0
AGNC INVESTMENT CORP COM 00123Q104 268 19,281 SH   SOLE   0 0 0
ANWORTH MORTGAGE ASSET CORP COM 037347101 1,468 895,088 SH   SOLE   0 0 0
BERKSHIRE HATHAWAY INC-CL A CL A 084670108 2,560 8 SH   SOLE   0 0 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 695 284,993 SH   SOLE   0 0 0
CAPSTEAD MORTGAGE CORP COM NO PAR 14067E506 651 115,863 SH   SOLE   0 0 0
CHERRY HILL MORTGAGE INVESTM COM 164651101 205 22,802 SH   SOLE   0 0 0
CUSHING MLP & INFRASTRUCTURE COM NEW 231631300 351 22,645 SH   SOLE   0 0 0
CUSHING NEXTGEN INFRA INC COM 231647207 712 26,551 SH   SOLE   0 0 0
EATON VANCE FLOATING-RATE IN COM 278284104 169 12,028 SH   SOLE   0 0 0
EATON VANCE SENIOR INCOME TR SH BEN INT 27826S103 283 48,294 SH   SOLE   0 0 0
ELLINGTON FINANCIAL INC COM 28852N109 249 20,281 SH   SOLE   0 0 0
EQUUS TOTAL RETURN INC COM 294766100 66 54,210 SH   SOLE   0 0 0
FIRST TRUST SPECIALTY FINANC COM BEN INTR 33733G109 46 20,000 SH   SOLE   0 0 0
FRONT YARD RESIDENTIAL CORP COM 35904G107 610 69,791 SH   SOLE   0 0 0
FS KKR CAPITAL CORP COM 302635206 1,983 125,052 SH   SOLE   0 0 0
GARRISON CAPITAL INC COM 366554103 2,857 748,009 SH   SOLE   0 0 0
GREAT AJAX CORP COM 38983D300 6,912 833,759 SH   SOLE   0 0 0
HIGHLAND INCOME FUND HIGHLAND INCOME 43010E404 3,307 384,939 SH   SOLE   0 0 0
HUNT COMPANIES FINANCE TRUST COM 44558T100 844 309,271 SH   SOLE   0 0 0
KAYNE ANDERSON NEXTGEN ENERG COM 48661E108 1,530 379,641 SH   SOLE   0 0 0
MFA FINANCIAL INC NOTE 6.250% 6/1 55272XAA0 7,091 7,517,000 SH   SOLE   0 0 0
MFA FINANCIAL INC COM 55272X102 6,493 2,422,930 SH   SOLE   0 0 0
MGIC INVESTMENT CORP COM 552848103 2,424 273,600 SH   SOLE   0 0 0
MMA CAPITAL HOLDINGS INC COM 55315D105 3,028 134,515 SH   SOLE   0 0 0
MVC CAPITAL INC COM 553829102 4,761 609,588 SH   SOLE   0 0 0
NB MLP & ENERGY INCOME COM 64129H104 83 35,000 SH   SOLE   0 0 0
NEW YORK MORTGAGE TRUST INC COM PAR $.02 649604501 2,628 1,030,417 SH   SOLE   0 0 0
NICHOLAS FINANCIAL INC COM NEW 65373J209 544 74,892 SH   SOLE   0 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P108 1,251 258,377 SH   SOLE   0 0 0
PIMCO ENRGY & TACT CRDT COM SHS BEN INT 69346N107 768 123,991 SH   SOLE   0 0 0
RADIAN GROUP INC COM 750236101 495 33,867 SH   SOLE   0 0 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 3,522 642,753 SH   SOLE   0 0 0
SALIENT MIDSTREAM & MLP FUND SH BEN INT 79471V105 224 63,865 SH   SOLE   0 0 0
STERLING BANCORP INC/MI COM 85917W102 181 60,228 SH   SOLE   0 0 0
THIRD POINT REINSURANCE LTD COM G8827U100 119 17,135 SH   SOLE   0 0 0
TORTOISE ENERGY INDEPENDENCE COM 89148K200 567 57,028 SH   SOLE   0 0 0
TORTOISE ENERGY INFRASTRUCT COM 89147L886 455 30,747 SH   SOLE   0 0 0
TORTOISE PIPELINE & ENERGY COM 89148H207 810 67,879 SH   SOLE   0 0 0
TORTOISE POWER & ENRGY INFRA COM 89147X104 802 94,116 SH   SOLE   0 0 0
TREMONT MORTGAGE TRUST COM 894789106 704 241,260 SH   SOLE   0 0 0
TWO HARBORS INVESTMENT CORP COM NEW 90187B408 51 10,000 SH   SOLE   0 0 0
VERTICAL CAPITAL INCOME SHS BEN INT 92535C104 5,954 599,573 SH   SOLE   0 0 0
VOYA PRIME RATE TRUST SH BEN INT 92913A100 296 67,060 SH   SOLE   0 0 0
WATFORD HOLDINGS LTD SHS G94787101 1,254 54,655 SH   SOLE   0 0 0
WESTERN ASSET GLOBAL HIGH IN COM 95766B109 277 28,709 SH   SOLE   0 0 0