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
Estimated average burden
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
ARBOR REALTY TRUST I COM 038923108 8,831 495,566 SH   SOLE 1 495,566 0 0
ALIBABA GROUP HOLDING LTD SPONSORED ADS 01609W102 3,182 14,030 SH   SOLE 2 14,030 0 0
ALPHABET INC CAP STK CL C 02079K107 5,514 2,200 SH   SOLE 2 2,200 0 0
AMAZON.COM INC COM 023135106 4,128 1,200 SH   SOLE 2 1,200 0 0
ARES CAPITAL CORP COM 04010L103 8,242 420,708 SH   SOLE 1 420,708 0 0
ARES COML REAL ESTAT COM 04013V108 22,935 1,561,278 SH   SOLE 1 1,561,278 0 0
BLACKROCK MUNIHLDS I COM 09254P108 1,308 88,537 SH   SOLE 1 88,537 0 0
BLACKROCK MUNIHOLDIN COM 09254C107 856 61,087 SH   SOLE 1 61,087 0 0
BLACKSTONE MTG TR IN COM CL A 09257W100 265 8,300 SH   SOLE 1 8,300 0 0
BROOKFIELD REAL ASST INC SHS BEN INT 112830104 236 10,780 SH   SOLE 1 10,780 0 0
DWS MUN INCOME TR COM 233368109 1,277 104,452 SH   SOLE 1 104,452 0 0
DYNEX CAPITAL REIT ORD COM 26817Q886 435 23,303 SH   SOLE 1 23,303 0 0
ENERGY TRANSFER UNT COM UT LTD PTN 29273V100 53,070 4,992,483 SH   SOLE 1 4,992,483 0 0
GOLUB CAPITAL BDC ORD COM 38173M102 906 58,746 SH   SOLE 1 58,746 0 0
INVESCO ADVANTAGE MU SH BEN INT 46132E103 122 10,016 SH   SOLE 1 10,016 0 0
INVESCO CALIF MUN IN COM 46132P108 2,102 127,445 SH   SOLE 1 127,445 0 0
INVESCO EXCHANGE-TRA SR LN ETF 46138G508 2,884 130,200 SH   SOLE 1 130,200 0 0
INVESCO TR INVT GRAD COM 46131M106 2,106 150,242 SH   SOLE 1 150,242 0 0
ISHARES MSCI CHINA ETF MSCI CHINA ETF 46429B671 11,806 143,207 SH   SOLE 2 143,207 0 0
ISHARES TR JPMORGAN USD EMG 464288281 900 8,000 SH   SOLE 1 8,000 0 0
KRANESHARES CSI CHINA INTERNE CSI CHI INTERNET 500767306 2,860 40,990 SH   SOLE 2 40,990 0 0
MAIN STREET CAPITAL ORD COM 56035L104 833 20,281 SH   SOLE 1 20,281 0 0
MICROSOFT CORP COM 594918104 4,389 16,200 SH   SOLE 2 16,200 0 0
MPLX LP COM UNIT REP LTD 55336V100 59,961 2,025,040 SH   SOLE 1,2 2,025,040 0 0
NEW YORK MORTGAGE REIT ORD COM PAR $.02 649604501 29,985 6,707,963 SH   SOLE 1 6,707,963 0 0
NUVEEN AMT FREE QLTY COM 670657105 6,296 401,000 SH   SOLE 1 401,000 0 0
NUVEEN QUALITY MUNCP COM 67066V101 6,363 397,452 SH   SOLE 1 397,452 0 0
OXFORD LANE CAP CORP COM 691543102 1,200 161,894 SH   SOLE 1 161,894 0 0
SIXTH STREET SPECIAL COM 83012A109 35,771 1,612,044 SH   SOLE 1 1,612,044 0 0
SPDR S&P CHINA ETF S&P CHINA ETF 78463X400 4,699 35,412 SH   SOLE 2 35,412 0 0
VANECK VECTORS ETF T FALLEN ANGEL HG 92189F437 5,100 155,000 SH   SOLE 1 155,000 0 0
VANGUARD TOTAL STOCK MARKET E TOTAL STK MKT 922908769 75,929 340,567 SH   SOLE 2 340,567 0 0