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
2U INC NOTE 2.250% 5/0 90214JAB7 1,823,777 2,821,000 PRN SOLE 1 2,821,000 0 0
ALPHABET INC CAP STK CL C 02079K107 2,360,218 26,600 SH SOLE 2 26,600 0 0
AMAZON.COM INC COM 023135106 2,016,000 24,000 SH SOLE 2 24,000 0 0
ARBOR REALTY TRUST INC COM 038923108 2,472,743 187,471 SH SOLE 1 187,471 0 0
ARES CAPITAL CORP COM 04010L103 3,548,327 192,113 SH SOLE 1 192,113 0 0
BLACKROCK MUNICIPAL INCOME COM 09253X102 941,670 83,113 SH SOLE 1 83,113 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 1,202,223 56,789 SH SOLE 1 56,789 0 0
DWS MUN INCOME TR COM 233368109 899,332 104,452 SH SOLE 1 104,452 0 0
DYNEX CAP INC COM 26817Q886 296,414 23,303 SH SOLE 1 23,303 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 47,931,796 4,038,062 SH SOLE 1,2 4,038,062 0 0
GOLUB CAP BDC INC COM 38173M102 339,094 25,767 SH SOLE 1 25,767 0 0
INVESCO TR INVT GRADE MUNS COM 46131M106 1,509,932 150,242 SH SOLE 1 150,242 0 0
INVESCO VALUE MUN INCOME TR COM 46132P108 538,972 44,728 SH SOLE 1 44,728 0 0
ISHARES 0-5 YEAR HIGH YIELD C 0-5YR HI YL CP 46434V407 12,611,515 308,350 SH SOLE 2 308,350 0 0
MARQETA INC CLASS A COM 57142B104 380,641 62,298 SH SOLE 2 62,298 0 0
MFA FINL INC COM 55272X607 6,206,081 630,059 SH SOLE 1 630,059 0 0
MICROSOFT CORP COM 594918104 2,590,056 10,800 SH SOLE 2 10,800 0 0
MPLX LP COM UNIT REP LTD 55336V100 51,998,494 1,583,389 SH SOLE 1,2 1,583,389 0 0
NEW YORK MTG TR INC COM PAR $.02 649604501 3,083,307 1,204,417 SH SOLE 1,2 1,204,417 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 4,559,370 401,000 SH SOLE 1 401,000 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 4,666,334 395,452 SH SOLE 1 395,452 0 0
OXFORD LANE CAP CORP COM 691543102 1,908,470 376,424 SH SOLE 1 376,424 0 0
RITHM CAPITAL CORP COM NEW 64828T201 10,578,565 1,294,806 SH SOLE 1,2 1,294,806 0 0
SELECTA BIOSCIENCES INC COM 816212104 746,763 660,852 SH SOLE 2 660,852 0 0
SILVERGATE CAPITAL CORP CL A 82837P408 3,713,943 213,445 SH SOLE 2 213,445 0 0
SIXTH STREET SPECIALTY LENDI COM 83012A109 2,855,565 160,425 SH SOLE 1 160,425 0 0
SNOWFLAKE INC CL A 833445109 1,658,174 11,552 SH SOLE 2 11,552 0 0
SPDR S&P CHINA ETF S&P CHINA ETF 78463X400 2,653,270 33,860 SH SOLE 2 33,860 0 0
VANGUARD TOTAL STOCK MARKET E TOTAL STK MKT 922908769 22,653,721 118,488 SH SOLE 2 118,488 0 0