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 INVT CORP | COM | 00123Q104 | 1,423 | 76,391 | SH | | SOLE | | 76,391 | 0 | 0 |
ALPHABET INC | CAP STK CL A | 02079K305 | 367 | 304 | SH | | SOLE | | 304 | 0 | 0 |
AMAZON COM INC | COM | 023135106 | 487 | 243 | SH | | SOLE | | 243 | 0 | 0 |
ANDEAVOR | COM | 03349M105 | 6,763 | 43,876 | SH | | OTR | 1 | 0 | 43,876 | 0 |
ANDEAVOR LOGISTICS LP | COM UNIT LP INT | 03350F106 | 35,321 | 709,259 | SH | | OTR | 1 | 0 | 709,259 | 0 |
ANNALY CAP MGMT INC | COM | 035710409 | 538 | 52,555 | SH | | SOLE | | 52,555 | 0 | 0 |
ANTERO MIDSTREAM PARTNERS LP | UNT LTD PARTN | 03673L103 | 2,447 | 84,037 | SH | | OTR | 1 | 0 | 84,037 | 0 |
APPLE INC | COM | 037833100 | 748 | 3,314 | SH | | SOLE | | 3,314 | 0 | 0 |
ARMOUR RESIDENTIAL REIT INC | COM NEW | 042315507 | 799 | 35,570 | SH | | SOLE | | 35,570 | 0 | 0 |
ASHFORD INC | COM | 044104107 | 590 | 7,770 | SH | | SOLE | | 7,770 | 0 | 0 |
ASPEN INSURANCE HOLDINGS LTD | SHS | G05384105 | 339 | 8,100 | SH | | SOLE | | 8,100 | 0 | 0 |
BANK AMER CORP | COM | 060505104 | 442 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
BIOGEN INC | COM | 09062X103 | 486 | 1,375 | SH | | SOLE | | 1,375 | 0 | 0 |
BJS WHSL CLUB HLDGS INC | COM | 05550J101 | 347 | 12,950 | SH | | SOLE | | 12,950 | 0 | 0 |
BLACKROCK CORPOR HI YLD FD I | COM | 09255P107 | 1,940 | 184,607 | SH | | SOLE | | 184,607 | 0 | 0 |
BLACKROCK LONG-TERM MUNI ADV | COM | 09250B103 | 305 | 27,000 | SH | | SOLE | | 27,000 | 0 | 0 |
BLACKROCK MUNI INCOME TR II | COM | 09249N101 | 182 | 14,000 | SH | | SOLE | | 14,000 | 0 | 0 |
BLACKROCK MUNIHLDGS NY QLTY | COM | 09255C106 | 593 | 49,685 | SH | | SOLE | | 49,685 | 0 | 0 |
BLACKROCK MUNIYIELD FD INC | COM | 09253W104 | 372 | 28,352 | SH | | SOLE | | 28,352 | 0 | 0 |
BLACKROCK MUNIYIELD NY QLTY | COM | 09255E102 | 574 | 49,843 | SH | | SOLE | | 49,843 | 0 | 0 |
BLACKROCK N Y MUN INCOME TR | SH BEN INT | 09248L106 | 321 | 26,458 | SH | | SOLE | | 26,458 | 0 | 0 |
BLACKSTONE GROUP L P | COM UNIT LTD | 09253U108 | 2,144 | 56,300 | SH | | SOLE | | 56,300 | 0 | 0 |
BP MIDSTREAM PARTNERS LP | UNIT LTD PTNR | 0556EL109 | 28,940 | 1,496,380 | SH | | OTR | 1 | 0 | 1,496,380 | 0 |
BP PLC | SPONSORED ADR | 055622104 | 957 | 20,456 | SH | | OTR | 1 | 0 | 20,456 | 0 |
BROOKFIELD REAL ASSETS INCOM | SHS BEN INT | 112830104 | 263 | 11,416 | SH | | SOLE | | 11,416 | 0 | 0 |
BUCKEYE PARTNERS L P | UNIT LTD PARTN | 118230101 | 2,953 | 80,389 | SH | | OTR | 1 | 0 | 80,389 | 0 |
CAPSTEAD MTG CORP | COM NO PAR | 14067E506 | 91 | 11,450 | SH | | SOLE | | 11,450 | 0 | 0 |
CHIMERA INVT CORP | COM NEW | 16934Q208 | 349 | 19,260 | SH | | SOLE | | 19,260 | 0 | 0 |
CRESTWOOD EQUITY PARTNERS LP | UNIT LTD PARTNER | 226344208 | 5,918 | 157,952 | SH | | OTR | 1 | 0 | 157,952 | 0 |
DANAHER CORP DEL | COM | 235851102 | 217 | 2,000 | SH | | SOLE | | 2,000 | 0 | 0 |
DCP MIDSTREAM LP | COM UT LTD PTN | 23311P100 | 2,462 | 60,184 | SH | | OTR | 1 | 0 | 60,184 | 0 |
DELL TECHNOLOGIES INC | COM CL V | 24703L103 | 335 | 3,450 | SH | | SOLE | | 3,450 | 0 | 0 |
DIGITAL RLTY TR INC | COM | 253868103 | 264 | 2,350 | SH | | SOLE | | 2,350 | 0 | 0 |
DOMINION ENERGY MIDSTRM PRTN | COM UT REP LTD | 257454108 | 1,966 | 109,892 | SH | | OTR | 1 | 0 | 109,892 | 0 |
DOVER CORP | COM | 260003108 | 245 | 2,772 | SH | | SOLE | | 2,772 | 0 | 0 |
DOWDUPONT INC | COM | 26078J100 | 844 | 13,120 | SH | | SOLE | | 13,120 | 0 | 0 |
DREYFUS MUN INCOME INC | COM | 26201R102 | 157 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
EATON VANCE LTD DUR INCOME F | COM | 27828H105 | 585 | 46,168 | SH | | SOLE | | 46,168 | 0 | 0 |
EATON VANCE NEW YORK MUN BD | COM | 27827Y109 | 455 | 41,139 | SH | | SOLE | | 41,139 | 0 | 0 |
EATON VANCE TAX ADV BD OPT S | COM SH BEN INT | 27829M103 | 568 | 64,583 | SH | | SOLE | | 64,583 | 0 | 0 |
ENABLE MIDSTREAM PARTNERS LP | COM UNIT RP IN | 292480100 | 1,736 | 100,550 | SH | | OTR | 1 | 0 | 100,550 | 0 |
ENBRIDGE ENERGY PARTNERS L P | COM | 29250R106 | 24,113 | 2,145,315 | SH | | OTR | 1 | 0 | 2,145,315 | 0 |
ENERGY TRANSFER EQUITY L P | COM UT LTD PTN | 29273V100 | 8,259 | 456,531 | SH | | OTR | 1 | 0 | 456,531 | 0 |
ENERGY TRANSFER PARTNERS LP | UNIT LTD PRT INT | 29278N103 | 80,115 | 3,471,202 | SH | | OTR | 1 | 0 | 3,471,202 | 0 |
ENERGY TRANSFER PARTNERS LP | UNIT LTD PRT INT | 29278N103 | 523 | 23,500 | SH | | SOLE | | 23,500 | 0 | 0 |
ENLINK MIDSTREAM LLC | COM UNIT REP LTD | 29336T100 | 2,146 | 123,485 | SH | | OTR | 1 | 0 | 123,485 | 0 |
ENLINK MIDSTREAM PARTNERS LP | COM UNIT REP LTD | 29336U107 | 43,880 | 2,318,026 | SH | | OTR | 1 | 0 | 2,318,026 | 0 |
ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 47,665 | 1,636,298 | SH | | OTR | 1 | 0 | 1,636,298 | 0 |
EPR PPTYS | CONV PFD 9% SR E | 26884U307 | 589 | 16,400 | SH | | SOLE | | 16,400 | 0 | 0 |
EQT MIDSTREAM PARTNERS LP | UNIT LTD PARTN | 26885B100 | 84,764 | 1,583,787 | SH | | OTR | 1 | 0 | 1,583,787 | 0 |
EQT GP HLDGS LP | COM UNIT REP | 26885J103 | 4,016 | 191,335 | SH | | OTR | 1 | 0 | 191,335 | 0 |
ETFIS SER TR I | INFRAC ACT MLP | 26923G103 | 3,591 | 481,973 | SH | | SOLE | | 481,973 | 0 | 0 |
ETFIS SER TR I | INFRACP REIT PFD | 26923G400 | 3,838 | 158,457 | SH | | SOLE | | 158,457 | 0 | 0 |
ETFIS SER TR I | VIRTUS INFRCAP | 26923G822 | 2,785 | 109,034 | SH | | SOLE | | 109,034 | 0 | 0 |
EXPRESS SCRIPTS HLDG CO | COM | 30219G108 | 380 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
FEDEX CORP | COM | 31428X106 | 380 | 1,580 | SH | | SOLE | | 1,580 | 0 | 0 |
FIRST REP BK SAN FRANCISCO C | COM | 33616C100 | 284 | 2,960 | SH | | SOLE | | 2,960 | 0 | 0 |
FIRST TR INTER DUR PFD & IN | COM | 33718W103 | 453 | 21,000 | SH | | SOLE | | 21,000 | 0 | 0 |
GENESIS ENERGY L P | UNIT LTD PARTN | 371927104 | 16,989 | 697,681 | SH | | OTR | 1 | 0 | 697,681 | 0 |
HOLLY ENERGY PARTNERS L P | COM UT LTD PTN | 435763107 | 404 | 12,709 | SH | | OTR | 1 | 0 | 12,709 | 0 |
HOLLYFRONTIER CORP | COM | 436106108 | 3,273 | 47,060 | SH | | OTR | 1 | 0 | 47,060 | 0 |
INTEGRATED DEVICE TECHNOLOGY | COM | 458118106 | 315 | 6,700 | SH | | SOLE | | 6,700 | 0 | 0 |
INTEL CORP | COM | 458140100 | 237 | 5,004 | SH | | SOLE | | 5,004 | 0 | 0 |
INVESCO ADVANTAGE MUNICIPAL | SH BEN INT | 46132E103 | 1,054 | 99,996 | SH | | SOLE | | 99,996 | 0 | 0 |
INVESCO QUALITY MUNI INC TRS | COM | 46133G107 | 249 | 21,500 | SH | | SOLE | | 21,500 | 0 | 0 |
INVESCO TR INVT GRADE MUNS | COM | 46131M106 | 1,038 | 87,361 | SH | | SOLE | | 87,361 | 0 | 0 |
INVESCO TR INVT GRADE NY MUN | COM | 46131T101 | 1,019 | 81,702 | SH | | SOLE | | 81,702 | 0 | 0 |
IRON MTN INC NEW | COM | 46284V101 | 237 | 6,880 | SH | | SOLE | | 6,880 | 0 | 0 |
ISHARES TR | 20 YR TR BD ETF | 464287432 | 13,706 | 118,003 | SH | | OTR | 1 | 0 | 118,003 | 0 |
ISHARES TR | 20 YR TR BD ETF | 464287432 | 821 | 7,000 | SH | Call | OTR | 1 | 0 | 7,000 | 0 |
ISHARES TR | 20 YR TR BD ETF | 464287432 | 235 | 2,000 | SH | | SOLE | | 2,000 | 0 | 0 |
ISHARES TR | 20 YR TR BD ETF | 464287432 | 4,104 | 35,000 | SH | Call | SOLE | | 35,000 | 0 | 0 |
ISHARES TR | S&P US PFD STK | 464288687 | 372 | 10,015 | SH | | SOLE | | 10,015 | 0 | 0 |
JPMORGAN CHASE & CO | ALERIAN ML ETN | 46625H365 | 5,173 | 184,417 | SH | | OTR | 1 | 0 | 184,417 | 0 |
KINDER MORGAN INC DEL | COM | 49456B101 | 3,023 | 166,291 | SH | | OTR | 1 | 0 | 166,291 | 0 |
LEGACY RESVS INC | COM | 524706108 | 59 | 12,258 | SH | | SOLE | | 12,258 | 0 | 0 |
LEXINGTON REALTY TRUST | PFD CONV SER C | 529043309 | 241 | 4,900 | SH | | SOLE | | 4,900 | 0 | 0 |
MADISON SQUARE GARDEN CO NEW | CL A | 55825T103 | 1,079 | 3,423 | SH | | SOLE | | 3,423 | 0 | 0 |
MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 | 36,357 | 529,752 | SH | | OTR | 1 | 0 | 529,752 | 0 |
MARATHON PETE CORP | COM | 56585A102 | 70,541 | 855,768 | SH | | OTR | 1 | 0 | 855,768 | 0 |
MARATHON PETE CORP | COM | 56585A102 | 12,795 | 160,000 | SH | Call | OTR | 1 | 0 | 160,000 | 0 |
MFA FINL INC | COM | 55272X102 | 157 | 21,370 | SH | | SOLE | | 21,370 | 0 | 0 |
MFS HIGH INCOME MUN TR | SH BEN INT | 59318D104 | 216 | 43,737 | SH | | SOLE | | 43,737 | 0 | 0 |
MGM RESORTS INTERNATIONAL | COM | 552953101 | 419 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
MORGAN STANLEY | COM NEW | 617446448 | 279 | 6,000 | SH | | SOLE | | 6,000 | 0 | 0 |
MORGAN STANLEY EM MKTS DM DE | COM | 617477104 | 379 | 56,199 | SH | | SOLE | | 56,199 | 0 | 0 |
MPLX LP | COM UNIT REP LTD | 55336V100 | 74,034 | 2,096,695 | SH | | OTR | 1 | 0 | 2,096,695 | 0 |
NAVISTAR INTL CORP NEW | COM | 63934E108 | 308 | 8,000 | SH | | SOLE | | 8,000 | 0 | 0 |
NGL ENERGY PARTNERS LP | COM UNIT REPST | 62913M107 | 11,400 | 966,129 | SH | | OTR | 1 | 0 | 966,129 | 0 |
NOBLE MIDSTREAM PARTNERS LP | COM UNIT REPST | 65506L105 | 24,978 | 640,621 | SH | | OTR | 1 | 0 | 640,621 | 0 |
NUSTAR ENERGY LP | UNIT COM | 67058H102 | 9,431 | 328,723 | SH | | OTR | 1 | 0 | 328,723 | 0 |
NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 | 1,271 | 87,291 | SH | | SOLE | | 87,291 | 0 | 0 |
NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 | 814 | 64,296 | SH | | SOLE | | 64,296 | 0 | 0 |
NUVEEN GLOBAL HIGH INCOME FD | SHS | 67075G103 | 379 | 24,298 | SH | | SOLE | | 24,298 | 0 | 0 |
NUVEEN MUN HIGH INCOME OPP F | COM | 670682103 | 721 | 57,413 | SH | | SOLE | | 57,413 | 0 | 0 |
NUVEEN MUNICIPAL CREDIT INC | COM SH BEN INT | 67070X101 | 770 | 53,456 | SH | | SOLE | | 53,456 | 0 | 0 |
NUVEEN NEW YORK AMT QLT MUNI | COM | 670656107 | 602 | 50,600 | SH | | SOLE | | 50,600 | 0 | 0 |
NUVEEN NEW YORK QLT MUN INC | COM | 67066X107 | 630 | 51,216 | SH | | SOLE | | 51,216 | 0 | 0 |
NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 | 1,171 | 91,591 | SH | | SOLE | | 91,591 | 0 | 0 |
ONEOK INC NEW | COM | 682680103 | 9,276 | 134,539 | SH | | OTR | 1 | 0 | 134,539 | 0 |
PHILLIPS 66 | COM | 718546104 | 44,641 | 389,943 | SH | | OTR | 1 | 0 | 389,943 | 0 |
PHILLIPS 66 | COM | 718546104 | 16,908 | 150,000 | SH | Call | OTR | 1 | 0 | 150,000 | 0 |
PHILLIPS 66 PARTNERS LP | COM UNIT REP INT | 718549207 | 25,172 | 475,568 | SH | | OTR | 1 | 0 | 475,568 | 0 |
PIMCO DYNMIC CREDIT AND MRT | COM SHS | 72202D106 | 962 | 39,895 | SH | | SOLE | | 39,895 | 0 | 0 |
PIMCO INCOME STRATEGY FUND I | COM | 72201J104 | 814 | 77,110 | SH | | SOLE | | 77,110 | 0 | 0 |
PIMCO NEW YORK MUN INCM FD 1 | COM | 72201E105 | 108 | 11,482 | SH | | SOLE | | 11,482 | 0 | 0 |
PIMCO NY MUNICIPAL INCOME FD | COM | 72200T103 | 240 | 20,616 | SH | | SOLE | | 20,616 | 0 | 0 |
PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 | 36,052 | 1,411,028 | SH | | OTR | 1 | 0 | 1,411,028 | 0 |
PUTNAM MANAGED MUN INCOM TR | COM | 746823103 | 479 | 69,177 | SH | | SOLE | | 69,177 | 0 | 0 |
ROCKWELL COLLINS INC | COM | 774341101 | 827 | 5,890 | SH | | SOLE | | 5,890 | 0 | 0 |
ROYAL DUTCH SHELL PLC | SPONS ADR A | 780259206 | 1,771 | 25,545 | SH | | OTR | 1 | 0 | 25,545 | 0 |
ROYAL DUTCH SHELL PLC | SPONS ADR A | 780259206 | 409 | 6,000 | SH | | SOLE | | 6,000 | 0 | 0 |
SHELL MIDSTREAM PARTNERS L P | UNIT LTD INT | 822634101 | 3,037 | 136,476 | SH | | OTR | 1 | 0 | 136,476 | 0 |
SODASTREAM INTERNATIONAL LTD | USD SHS | M9068E105 | 258 | 1,800 | SH | | SOLE | | 1,800 | 0 | 0 |
SONIC CORP | COM | 835451105 | 672 | 15,500 | SH | | SOLE | | 15,500 | 0 | 0 |
SPDR GOLD TRUST | GOLD SHS | 78463V107 | 226 | 2,000 | SH | | SOLE | | 2,000 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 8,722 | 30,000 | SH | Call | OTR | 1 | 0 | 30,000 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 34,886 | 120,000 | SH | Call | SOLE | | 120,000 | 0 | 0 |
SPECTRA ENERGY PARTNERS LP | COM | 84756N109 | 4,254 | 115,945 | SH | | OTR | 1 | 0 | 115,945 | 0 |
TALLGRASS ENERGY LP | CLASS A SHS | 874696107 | 8,327 | 341,258 | SH | | OTR | 1 | 0 | 341,258 | 0 |
TWITTER INC | COM | 90184L102 | 280 | 9,840 | SH | | SOLE | | 9,840 | 0 | 0 |
UNITED STATES OIL FUND LP | UNITS | 91232N108 | 16,614 | 1,070,500 | SH | Call | OTR | 1 | 0 | 1,070,500 | 0 |
VALERO ENERGY PARTNERS LP | COM UNT REP LP | 91914J102 | 1,196 | 30,894 | SH | | OTR | 1 | 0 | 30,894 | 0 |
WESTERN ASSET GLB HI INCOME | COM | 95766B109 | 724 | 79,465 | SH | | SOLE | | 79,465 | 0 | 0 |
WESTERN ASSET MTG CAP CORP | COM | 95790D105 | 140 | 14,000 | SH | | SOLE | | 14,000 | 0 | 0 |
WESTERN GAS EQUITY PARTNERS | COMUNT LTD PT | 95825R103 | 6,875 | 219,073 | SH | | OTR | 1 | 0 | 219,073 | 0 |
WESTERN GAS PARTNERS LP | COM UNIT LP IN | 958254104 | 24,117 | 535,447 | SH | | OTR | 1 | 0 | 535,447 | 0 |
WILLIAMS COS INC DEL | COM | 969457100 | 38,594 | 1,395,286 | SH | | OTR | 1 | 0 | 1,395,286 | 0 |