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
ARLINGTON ASSET INVST CORP CL A NEW CL A NEW 041356205 68 17,941 SH   SOLE   17,941 0 0
ADECOAGRO S A ADECOAGRO US LISTED COM L00849106 1,886 277,361 SH   SOLE   277,361 0 0
GREAT AJAX CORP COM COM 38983D300 7,598 726,343 SH   SOLE   726,343 0 0
ANWORTH MORTGAGE ASSET CORP COM 037347101 2,486 917,456 SH   SOLE   917,456 0 0
ASA GOLD AND PRECIOUS METALS LIMITE COM STK NPV USD SHS G3156P103 1,182 54,049 SH   SOLE   54,049 0 0
ABERDEEN STD GLOBAL INFRASTRUC COM SHS BEN INT COM SHS BEN INT 00326W106 361 19,487 SH   SOLE   19,487 0 0
BARINGS BDC INC COM COM 06759L103 5,723 622,058 SH   SOLE   622,058 0 0
BLACKROCK CAP INVT CORP COM COM 092533108 824 306,273 SH   SOLE   306,273 0 0
BERKSHIRE HATHAWAY INC-DEL CL A CL A 084670108 2,783 8 SH   SOLE   8 0 0
CITIGROUP INC COM COM 172967424 277 4,500 SH   SOLE   4,500 0 0
CENTER COAST BRKFLD MLP ENRGY SHS BEN INT SHS BEN INT 151461209 417 44,024 SH   SOLE   44,024 0 0
CAPSTEAD MTG CORP COM NO PAR COM NO PAR 14067E506 95 16,311 SH   SOLE   16,311 0 0
DIVIDEND &INCOME FD INC COM NEW COM NEW 25538A204 326 29,008 SH   SOLE   29,008 0 0
ELLINGTON FINANCIAL INC COM COM 28852N109 301 20,281 SH   SOLE   20,281 0 0
EATON VANCE FLOATING RATE INC PLUS SHARES OF BENEFICIAL INTEREST COM SHS BEN INT 278284104 184 11,831 SH   SOLE   11,831 0 0
CLEARBRIDGE ENERGY MIDSTRM OPP COM COM 18469P209 1,115 83,047 SH   SOLE   83,047 0 0
EATON VANCE SR INCOME TR SH BEN INT SH BEN INT 27826S103 108 16,998 SH   SOLE   16,998 0 0
FIRST TR SR FLOATING RATE 2022 COM SHS COM SHS 33740K101 1,805 200,736 SH   SOLE   200,736 0 0
FS KKR CAPITAL CORP COM COM 302635206 4,572 276,063 SH   SOLE   276,063 0 0
FS KKR CAP CORP II COM COM 35952V303 673 41,036 SH   SOLE   41,036 0 0
FIRST EAGLE SENIOR LOAN FUND COM NEW COM NEW 32010E100 174 12,470 SH   SOLE   12,470 0 0
GOLDMAN SACHS MLP ENERGY RENAI COM COM 38148G206 801 105,061 SH   SOLE   105,061 0 0
HIGHLAND INCOME FUND SHS BEN INT Highland Income 43010E404 3,777 367,439 SH   SOLE   367,439 0 0
KAYNE ANDERSON MDSTM ENERGY FD COM COM 48661E108 2,384 414,541 SH   SOLE   414,541 0 0
LUMENT FINANCE TRUST INC COM COM 55025L108 1,011 309,271 SH   SOLE   309,271 0 0
MEDLEY CAPITAL CORPORATION COM COM 58503F502 2,289 80,850 SH   SOLE   80,850 0 0
MFA FINL INC Convertible 6.25percent 6/15/24 NOTE 6.25% 6/1 55272XAA0 1,509 1,517,000 PRN   SOLE   1,517,000 0 0
MFA FINL INC COM COM 55272X102 12,690 3,262,196 SH   SOLE   3,262,196 0 0
MMA CAPITAL HOLDINGS INC COM COM 55315D105 3,309 134,528 SH   SOLE   134,528 0 0
MONROE COM USD0.001 COM 610335101 1,386 172,549 SH   SOLE   172,549 0 0
MGIC INVESTMENT CORP COM USD1.00 COM 552848103 431 34,356 SH   SOLE   34,356 0 0
WESTERN ASSET MUNICIPAL DEFINED OPPORTUNITY TRUST INC COM 95768A109 378 18,135 SH   SOLE   18,135 0 0
TORTOISE ENERGY INDEPENDENC FD COM COM 89148K200 978 73,609 SH   SOLE   73,609 0 0
NICHOLAS FINANCIAL INC COM NPV COM NEW 65373J209 628 74,892 SH   SOLE   74,892 0 0
NEUBERGER BERMAN MLP &ENERGY COM COM 64129H104 1,591 472,220 SH   SOLE   472,220 0 0
PIMCO ENRGY TACTICAL CR OPP FD COM SHS BEN INT COM SHS BEN INT 69346N107 357 44,156 SH   SOLE   44,156 0 0
NEW YORK MORTGAGE TRUST INC COM PAR $.02 649604501 3,623 981,803 SH   SOLE   981,803 0 0
OAKTREE SPECIALTY LENDING CORP COM COM 67401P108 2,418 434,097 SH   SOLE   434,097 0 0
MEDLEY CAP CORP COM 58503F502 2,307 81,490 SH   SOLE   81,490 0 0
RADIAN GROUP INC COM USD0.001 COM 750236101 1,997 98,617 SH   SOLE   98,617 0 0
RMR MORTGAGE TR COM COM 76970B101 297 28,097 SH   SOLE   28,097 0 0
STERLING BANCORP INC COM COM 85917W102 273 60,228 SH   SOLE   60,228 0 0
SAFEGUARD SCIENTIFICS INC COM NEW COM NEW 786449207 4,101 642,753 SH   SOLE   642,753 0 0
CUSHING MLP &INFRASTRUCT COM NEW COM NEW 231631300 1,936 90,764 SH   SOLE   90,764 0 0
CUSHING NEXTGEN INFRA INCM FD COM COM 231647207 2,539 69,708 SH   SOLE   69,708 0 0
TORTOISE PWR &ENERGY INFRASTR COM COM 89147X104 1,133 102,273 SH   SOLE   102,273 0 0
TREMONT MTG TR COM COM 894789106 416 109,787 SH   SOLE   109,787 0 0
TORTOISE PIPELINE &ENERGY FD COM COM 89148H207 294 17,297 SH   SOLE   17,297 0 0
TORTOISE ENERGY INFRA CORP COM COM 89147L886 322 16,000 SH   SOLE   16,000 0 0
ENERGY FUELS INC COM NEW COM NEW 292671708 49 11,500 SH   SOLE   11,500 0 0
ENERGY FUELS INC $2.45 WTS EXP 09/20/2021 *W EXP 09/20/202 292671179 67 32,493 SH   SOLE   32,493 0 0
VERTICAL CAP INCOME FD SHS BEN INT SHS BEN INT 92535C104 6,102 620,080 SH   SOLE   620,080 0 0
VELOCITY FINL INC COM COM 92262D101 633 101,647 SH   SOLE   101,647 0 0
VOYA PRIME RATE TR SHS BEN INT 92913A100 3,532 790,086 SH   SOLE   790,086 0 0