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

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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
ACETO CORP NOTE 2.000%11/0 004446AD2 754 1,300,000 SH   SOLE 1 1,300,000 0 0
ARBOR RLTY TR INC COM 038923108 4,440 342,328 SH   SOLE 1 342,328 0 0
ARES CAP CORP COM 04010L103 3,072 179,218 SH   SOLE 1 179,218 0 0
ARES COML REAL ESTATE CORP COM 04013V108 22,326 1,469,769 SH   SOLE 1 1,469,769 0 0
BLACKROCK MUNIHLDNGS QLTY II COM 09254C107 548 44,591 SH   SOLE 1 44,591 0 0
BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 873 67,637 SH   SOLE 1 67,637 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 29,435 851,705 SH   SOLE 1 851,705 0 0
BROOKFIELD REAL ASSETS INCOM SHS BEN INT 112830104 233 10,780 SH   SOLE 1 10,780 0 0
DREYFUS STRATEGIC MUN BD FD COM 26202F107 854 110,490 SH   SOLE 1 110,490 0 0
DREYFUS STRATEGIC MUNS INC COM 261932107 819 103,744 SH   SOLE 1 103,744 0 0
DWS MUN INCOME TR NEW COM 233368109 870 78,921 SH   SOLE 1 78,921 0 0
DYNEX CAP INC COM 26817Q506 426 69,911 SH   SOLE 1 69,911 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 95,035 6,183,133 SH   SOLE 1 6,183,133 0 0
GOLUB CAP BDC INC COM 38173M102 999 55,871 SH   SOLE 1 55,871 0 0
INVESCO EXCHNG TRADED FD TR SR LN ETF 46138G508 10,220 451,430 SH   SOLE 1 451,430 0 0
INVESCO TR INVT GRADE MUNS COM 46131M106 1,526 123,192 SH   SOLE 1 123,192 0 0
INVESCO VALUE MUN INCOME TR COM 46132P108 1,544 107,065 SH   SOLE 1 107,065 0 0
NUVEEN AMT FREE MUN CR INC F COM 67071L106 2,084 137,900 SH   SOLE 1 137,900 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 3,689 276,100 SH   SOLE 1 276,100 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 3,186 234,800 SH   SOLE 1 234,800 0 0
TPG SPECIALTY LENDING INC COM 87265K102 28,384 1,419,224 SH   SOLE 1 1,419,224 0 0
TWO HBRS INVT CORP COM 90187B408 52,864 3,907,185 SH   SOLE 1 3,907,185 0 0