Trust & Fiduciary Management Services 13F-HR Quarterly holdings report by institutional manager

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
AMERICAN CAP MTG INVT CORP	COM	02504A104	3,030	189,493	SH		SOLE		144,530	0	44,963
APOLLO COML REAL EST FIN INC	COM	03762U105	6,306	401,385	SH		SOLE		304,850	0	96,535
APOLLO GLOBAL MGMT LLC	CL A SHS	037612306	2,708	157,621	SH		SOLE		120,425	0	37,196
ARES CAP CORP	COM	04010L103	6,362	439,339	SH		SOLE		337,360	0	101,979
AVENUE INCOME CR STRATEGIES	COM	05358E106	1,620	126,058	SH		SOLE		96,780	0	29,278
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	2,258	228,823	SH		SOLE		177,625	0	51,198
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	6,599	271,769	SH		SOLE		206,635	0	65,134
CAPSTEAD MTG CORP	COM NO PAR	14067E506	2,648	267,730	SH		SOLE		202,675	0	65,055
CEDAR FAIR L P	DEPOSITRY UNIT	150185106	2,705	51,408	SH		SOLE		38,720	0	12,688
CVR PARTNERS LP	COM	126633106	1,991	212,948	SH		SOLE		157,665	0	55,283
CVR REFNG LP	COMUNIT REP LT	12663P107	3,158	165,188	SH		SOLE		122,225	0	42,963
EPR PPTYS	COM SH BEN INT	26884U109	4,056	78,646	SH		SOLE		59,575	0	19,071
FIFTH STREET FINANCE CORP	COM	31678A103	1,996	323,495	SH		SOLE		238,235	0	85,260
FIRST TR INTER DUR PFD & IN	COM	33718W103	3,055	142,471	SH		SOLE		110,675	0	31,796
FRONTIER COMMUNICATIONS CORP	COM	35906A108	3,523	741,742	SH		SOLE		521,100	0	220,642
FS INVT CORP	COM	302635107	2,517	270,096	SH		SOLE		202,149	0	67,947
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	5,495	214,819	SH		SOLE		166,950	0	47,869
INVESCO DYNAMIC CR OPP FD	COM	46132R104	1,523	144,056	SH		SOLE		112,930	0	31,126
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	2,498	204,071	SH		SOLE		158,935	0	45,136
INVESCO MUNI INCOME OPP TRST	COM	46132X101	510	75,415	SH		SOLE		0	0	75,415
KKR & CO L P DEL	COM UNITS	48248M102	5,435	323,900	SH		SOLE		257,875	0	66,025
MARTIN MIDSTREAM PRTNRS L P	UNIT L P INT	573331105	4,757	194,947	SH		SOLE		148,400	0	46,547
MEDLEY CAP CORP	COM	58503F106	1,351	181,589	SH		SOLE		142,790	0	38,799
NAVIOS MARITIME PARTNERS L P	UNIT LPI	Y62267102	2,141	293,677	SH		SOLE		221,615	0	72,062
NEW RESIDENTIAL INVT CORP	COM NEW	64828T201	3,889	296,899	SH		SOLE		219,145	0	77,754
NEXPOINT CR STRATEGIES FD	COM	65340G106	1,846	322,785	SH		SOLE		254,205	0	68,580
NORTHERN TIER ENERGY LP	COM UN REPR PART	665826103	3,056	134,027	SH		SOLE		98,185	0	35,842
NORTHSTAR RLTY FIN CORP	COM NEW	66704R704	2,493	201,833	SH		SOLE		150,005	0	51,828
NUVEEN PFD INCOME OPPRTNY FD	COM	67073B106	5,411	601,934	SH		SOLE		461,265	0	140,669
PROSPECT CAPITAL CORPORATION	COM	74348T102	2,933	411,407	SH		SOLE		314,170	0	97,237
PUTNAM MANAGED MUN INCOM TR	COM	746823103	282	39,470	SH		SOLE		0	0	39,470
SENIOR HSG PPTYS TR	SH BEN INT	81721M109	1,436	88,656	SH		SOLE		67,050	0	21,606
SHIP FINANCE INTERNATIONAL L	SHS	G81075106	7,298	449,114	SH		SOLE		349,250	0	99,864
STAG INDL INC	COM	85254J102	1,434	78,721	SH		SOLE		59,615	0	19,106
STARWOOD PPTY TR INC	COM	85571B105	6,496	316,585	SH		SOLE		242,795	0	73,790
STONEMOR PARTNERS L P	COM UNITS	86183Q100	4,244	155,560	SH		SOLE		111,125	0	44,435
STUDENT TRANSN INC	COM	86388A108	1,076	265,972	SH		SOLE		206,325	0	59,647
TERRA NITROGEN CO L P	COM UNIT	881005201	5,045	46,757	SH		SOLE		35,985	0	10,772
VEREIT INC	COM	92339V100	3,010	389,928	SH		SOLE		303,550	0	86,378
WESTERN ASSET EMRG MKT INCM	COM	95766E103	1,350	141,187	SH		SOLE		109,225	0	31,962
WESTERN ASSET GLB HI INCOME	COM	95766B109	2,375	264,734	SH		SOLE		207,100	0	57,634