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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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 Investment Corp COM 00123Q104 12,401 946,630 SH   SOLE   946,630 0 0
Aberdeen Asia-Pacific Income Fund Inc COM 003009107 3,419 1,011,483 SH   SOLE   1,011,483 0 0
Atlas Crest Investment Corp II UNIT 99/99/9999 049287204 2 239 SH   SOLE   239 0 0
Barings BDC Inc COM 06759L103 2,714 262,500 SH   SOLE   262,500 0 0
BlackRock California Municipal Income Trust SH BEN INT 09248E102 309 25,144 SH   SOLE   25,144 0 0
BlackRock Capital Investment Corp COM 092533108 2,328 552,983 SH   SOLE   552,983 0 0
BrightSpire Capital Inc COM CL A 10949T109 3,172 342,907 SH   SOLE   342,907 0 0
Center Coast Brookfield MLP & Energy Infrastructure Fund SHS BEN INT 151461209 1,644 94,393 SH   SOLE   94,393 0 0
Citigroup Inc COM NEW 172967424 240 4,500 SH   SOLE   4,500 0 0
ClearBridge Energy Midstream Opportunity Fund Inc COM 18469P209 1,968 69,803 SH   SOLE   69,803 0 0
ClearBridge MLP & Midstream Total Return Fund Inc COM 18469Q207 2,144 73,447 SH   SOLE   73,447 0 0
Cornerstone Strategic Value Fund Inc COM 21924B302 478 33,900 SH   SOLE   33,900 0 0
Cornerstone Total Return Fund Inc COM 21924U300 58 4,211 SH   SOLE   4,211 0 0
Cushing MLP & Infrastructure Total Return Fund/The COM NEW 231631300 4,402 126,230 SH   SOLE   126,230 0 0
Dynex Capital Inc COM 26817Q886 3,943 243,411 SH   SOLE   243,411 0 0
First Eagle Alternative Capital BDC Inc COM 26943B100 172 38,991 SH   SOLE   38,991 0 0
FS KKR Capital Corp COM 302635206 10,857 475,783 SH   SOLE   475,783 0 0
Franklin BSP Realty Trust Inc COMMON STOCK 35243J101 12 885 SH   SOLE   885 0 0
Fusion Acquisition Corp II UNIT 02/29/2028 36118N201 25 2,500 SH   SOLE   2,500 0 0
Gabelli Utility Trust/The RIGHT 04/19/2022 36240A176 2 10,010 SH   SOLE   10,010 0 0
General American Investors Co Inc COM 368802104 930 21,901 SH   SOLE   21,901 0 0
Global Indemnity Group LLC COM CL A 37959R103 1,644 63,009 SH   SOLE   63,009 0 0
Goldman Sachs MLP Energy and Renaissance Fund COM 38148G206 1,893 156,745 SH   SOLE   156,745 0 0
Great Ajax Corp COM 38983D300 8,325 709,748 SH   SOLE   709,748 0 0
GREAT AJAX CORP 7.25 CV SR NT 24 38983D409 17,228 689,408 SH   SOLE   689,408 0 0
InterPrivate II Acquisition Corp UNIT 99/99/9999 46064Q207 121 12,300 SH   SOLE   12,300 0 0
InterPrivate IV InfraTech Partners Inc UNIT 03/05/2026 46064T201 59 6,000 SH   SOLE   6,000 0 0
Japan Smaller Capitalization Fund Inc COM 47109U104 3 480 SH   SOLE   480 0 0
Kayne Anderson Energy Infrastructure Fund COM 486606106 293 31,805 SH   SOLE   31,805 0 0
Kayne Anderson NextGen Energy & Infrastructure Inc COM 48661E108 1,059 123,592 SH   SOLE   123,592 0 0
Ladder Capital Corp CL A 505743104 3,479 293,072 SH   SOLE   293,072 0 0
MFA FINANCIAL INC NOTE 6.250% 6/1 55272XAA0 774 767,000 PRN   SOLE   767,000 0 0
MGIC Investment Corp COM 552848103 2,049 151,205 SH   SOLE   151,205 0 0
Mexico Equity and Income Fund Inc/The COM 592834105 233 25,553 SH   SOLE   25,553 0 0
Miller/Howard High Dividend Fund COM SHS BEN IN 600379101 396 35,520 SH   SOLE   35,520 0 0
Morgan Stanley India Investment Fund Inc COM 61745C105 1,045 41,635 SH   SOLE   41,635 0 0
Morgan Stanley Emerging Markets Domestic Debt Fund Inc COM 617477104 2,734 547,838 SH   SOLE   547,838 0 0
Neuberger Berman MLP & Energy Income Fund Inc COM 64129H104 5,639 875,557 SH   SOLE   875,557 0 0
New York Mortgage Trust Inc COM PAR $.02 649604501 2,458 673,425 SH   SOLE   673,425 0 0
NexPoint Diversified Real Esta Trust COM NEW 65340G205 4,257 269,059 SH   SOLE   269,059 0 0
Nicholas Financial Inc COM NEW 65373J209 940 91,670 SH   SOLE   91,670 0 0
Nuveen Emerging Markets Debt 2022 Target Term Fund COM 67077P101 152 21,765 SH   SOLE   21,765 0 0
Nuveen Core Plus Impact Fund COM BEN INT 67080D103 339 22,568 SH   SOLE   22,568 0 0
Orion Acquisition Corp UNIT 02/19/2026 68626A207 29 3,000 SH   SOLE   3,000 0 0
PIMCO Energy & Tactical Credit Opportunities Fund COM SHS BEN INT 69346N107 2,696 181,817 SH   SOLE   181,817 0 0
PAVmed Inc *W EXP 04/30/202 70387R122 36 44,196 SH   SOLE   44,196 0 0
PennantPark Investment Corp COM 708062104 16,082 2,067,140 SH   SOLE   2,067,140 0 0
PENNYMAC CORP NOTE 5.500% 3/1 70932AAF0 477 500,000 SH   SOLE   500,000 0 0
PennyMac Financial Services Inc COM 70932M107 566 10,634 SH   SOLE   10,634 0 0
PhenixFIN Corp COM 71742W103 4,015 98,169 SH   SOLE   98,169 0 0
PIMCO Access Income Fund SHS BENFIN INT 72203T100 731 40,000 SH   SOLE   40,000 0 0
Pine Technology Acquisition Corp UNIT 03/31/2028 722850203 240 24,028 SH   SOLE   24,028 0 0
Priveterra Acquisition Corp UNIT 99/99/9999 74275N201 49 5,000 SH   SOLE   5,000 0 0
Radian Group Inc COM 750236101 2,486 111,917 SH   SOLE   111,917 0 0
Reading International Inc CL A 755408101 1,647 384,699 SH   SOLE   384,699 0 0
Safeguard Scientifics Inc COM NEW 786449207 3,659 701,020 SH   SOLE   701,020 0 0
Salient Midstream & MLP Fund SH BEN INT 79471V105 1,010 122,613 SH   SOLE   122,613 0 0
Sculptor Capital Management Inc COM CL A 811246107 8 573 SH   SOLE   573 0 0
Seven Hills Realty Trust COM 81784E101 1,809 162,494 SH   SOLE   162,494 0 0
Sterling Bancorp Inc/MI COM 85917W102 427 60,105 SH   SOLE   60,105 0 0
Templeton Global Income Fund COM 880198106 2,451 487,199 SH   SOLE   487,199 0 0
Tortoise Energy Infrastructure Corp COM 89147L886 5,112 147,928 SH   SOLE   147,928 0 0
Tortoise Power and Energy Infrastructure Fund Inc COM 89147X104 1,208 84,841 SH   SOLE   84,841 0 0
Tortoise Midstream Energy Fund Inc COM 89148B200 5,840 153,795 SH   SOLE   153,795 0 0
Tortoise Pipeline & Energy Fund Inc COM 89148H207 378 12,881 SH   SOLE   12,881 0 0
Tortoise Energy Independence Fund Inc COM 89148K200 533 17,965 SH   SOLE   17,965 0 0
TWO HARBORS INV CORP NOTE 6.250% 1/1 90187BAB7 246 250,000 PRN   SOLE   250,000 0 0
Velocity Financial Inc COM 92262D101 150 13,717 SH   SOLE   13,717 0 0
Vertical Capital Income Fund SHS BEN INT 92535C104 5,462 546,229 SH   SOLE   546,229 0 0
Virtus Total Return Fund Inc COM 92835W107 0 10 SH   SOLE   10 0 0
Western Asset Emerging Markets Debt Fund Inc COM 95766A101 2,010 187,358 SH   SOLE   187,358 0 0
Western Asset High Income Opportunity Fund Inc COM 95766K109 111 24,924 SH   SOLE   24,924 0 0
Western Asset Mortgage Capital Corp COM 95790D105 851 497,608 SH   SOLE   497,608 0 0
WESTERN ASSET MORTGAGE C NOTE 6.750% 9/1 95790DAD7 470 500,000 PRN   SOLE   500,000 0 0
WHEELER REIT INC CV PFD SER B 963025606 80 5,545 SH   SOLE   5,545 0 0
Wheeler Real Estate Investment Trust Inc COM NEW 963025705 36 15,691 SH   SOLE   15,691 0 0
COVA Acquisition Corp UNIT 04/01/2021 G2554Y112 12 1,178 SH   SOLE   1,178 0 0
ESM Acquisition Corp *W EXP 02/02/202 G3195H112 12 30,000 SH   SOLE   30,000 0 0
ESM Acquisition Corp UNIT 99/99/9999 G3195H120 297 30,000 SH   SOLE   30,000 0 0
Freedom Acquisition I Corp UNIT 99/99/9999 G3663X102 10 1,000 SH   SOLE   1,000 0 0
Jack Creek Investment Corp UNIT 10/01/2023 G4989X107 0 50 SH   SOLE   50 0 0
Kismet Acquisition Three Corp UNIT 99/99/9999 G5276C128 31 3,200 SH   SOLE   3,200 0 0
Kismet Acquisition Two Corp UNIT 99/99/9999 G52807123 10 1,000 SH   SOLE   1,000 0 0
SVF Investment Corp 2 CL A SHS G8601M100 10 1,000 SH   SOLE   1,000 0 0
SVF Investment Corp 3 CL A SHS G8601N108 10 1,000 SH   SOLE   1,000 0 0