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
AEGON N V NY REGISTRY SH 007924103 38,152 6,444,571 SH   SOLE 0 6,444,571 0 0
ALLERGAN PLC SHS G0177J108 44,563 267,291 SH   SOLE 0 267,291 0 0
ALLY FINL INC COM 02005N100 14,311 544,755 SH   SOLE 0 544,755 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 25,460 1,528,211 SH   SOLE 0 1,528,211 0 0
AMERICAN EXPRESS CO COM 025816109 29,360 299,591 SH   SOLE 0 299,591 0 0
ANDERSONS INC COM 034164103 2,915 85,229 SH   SOLE 0 85,229 0 0
APPLE INC COM 037833100 258 1,393 SH   SOLE 0 1,393 0 0
ARDAGH GROUP S A CL A L0223L101 2,118 127,450 SH   SOLE 0 127,450 0 0
ARDMORE SHIPPING CORP COM Y0207T100 5,108 622,925 SH   SOLE 0 622,925 0 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 15,303 376,003 SH   SOLE 0 376,003 0 0
AUTONATION INC COM 05329W102 27,837 573,005 SH   SOLE 0 573,005 0 0
AUTOZONE INC COM 053332102 38,046 56,707 SH   SOLE 0 56,707 0 0
BANK AMER CORP COM 060505104 314 11,145 SH   SOLE 0 11,145 0 0
BANK NEW YORK MELLON CORP COM 064058100 17,966 333,135 SH   SOLE 0 333,135 0 0
BAUSCH HEALTH COMPANIES COM 071734107 28,474 1,225,217 SH   SOLE 0 1,225,217 0 0
BEACON ROOFING SUPPLY INC COM 073685109 5,739 134,664 SH   SOLE 0 134,664 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 8,743 31 SH   SOLE 0 31 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 54,836 293,788 SH   SOLE 0 293,788 0 0
BLACKROCK LTD DURATION INC T COM SHS 09249W101 4,731 318,155 SH   SOLE 0 318,155 0 0
BRIGHTHOUSE FINL INC COM 10922N103 7,033 175,527 SH   SOLE 0 175,527 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 23,964 591,111 SH   SOLE 0 591,111 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 12,744 602,291 SH   SOLE 0 602,291 0 0
CHEMOURS CO COM 163851108 24,911 561,568 SH   SOLE 0 561,568 0 0
CNA FINL CORP COM 126117100 44,780 980,290 SH   SOLE 0 980,290 0 0
CNO FINL GROUP INC COM 12621E103 6,306 331,203 SH   SOLE 0 331,203 0 0
COLFAX CORP COM 194014106 1,567 51,132 SH   SOLE 0 51,132 0 0
COLONY CAP INC NEW CL A COM ADDED 19626G108 61,087 9,789,550 SH   SOLE 0 9,789,550 0 0
COMCAST CORP NEW CL A 20030N101 12,153 370,414 SH   SOLE 0 370,414 0 0
CONSOLIDATED COMM HLDGS INC COM 209034107 32,548 2,633,358 SH   SOLE 0 2,633,358 0 0
CROWN HOLDINGS INC COM 228368106 30,293 676,790 SH   SOLE 0 676,790 0 0
DARLING INGREDIENTS INC COM 237266101 18,367 923,909 SH   SOLE 0 923,909 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 6,815 326,704 SH   SOLE 0 326,704 0 0
DISCOVERY INC COM SER C 25470F302 60,326 2,365,738 SH   SOLE 0 2,365,738 0 0
DORIAN LPG LTD SHS USD Y2106R110 3,101 405,832 SH   SOLE 0 405,832 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 13,303 1,554,124 SH   SOLE 0 1,554,124 0 0
GABELLI GLB SML & MD CP VAL COM 36249W104 873 72,001 SH   SOLE 0 72,001 0 0
GRAMERCY PPTY TR COM NEW 385002308 40,898 1,496,998 SH   SOLE 0 1,496,998 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109 8,387 1,597,586 SH   SOLE 0 1,597,586 0 0
GREEN PLAINS INC COM 393222104 24,986 1,365,376 SH   SOLE 0 1,365,376 0 0
HAWAIIAN TELCOM HOLDCO INC COM 420031106 12,540 433,610 SH   SOLE 0 433,610 0 0
ISHARES TR NASDAQ BIOTECH 464287556 9,885 90,010 SH   SOLE 0 90,010 0 0
ISHARES TR RUS MID CAP ETF 464287499 1,186 5,590 SH   SOLE 0 5,590 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 595 3,635 SH   SOLE 0 3,635 0 0
ISTAR INC COM 45031U101 19,407 1,798,582 SH   SOLE 0 1,798,582 0 0
ITERIS INC COM 46564T107 517 106,761 SH   SOLE 0 106,761 0 0
JBG SMITH PPTYS COM 46590V100 22,459 615,832 SH   SOLE 0 615,832 0 0
JEFFERIES FINL GROUP INC COM ADDED 47233W109 40,791 1,793,807 SH   SOLE 0 1,793,807 0 0
JOHNSON & JOHNSON COM 478160104 380 3,135 SH   SOLE 0 3,135 0 0
JPMORGAN CHASE & CO COM 46625H100 47,975 460,414 SH   SOLE 0 460,414 0 0
KCAP FINL INC COM 48668E101 8,351 2,569,433 SH   SOLE 0 2,569,433 0 0
KIMCO RLTY CORP COM 49446R109 65,356 3,846,749 SH   SOLE 0 3,846,749 0 0
KROGER CO COM 501044101 34,779 1,222,458 SH   SOLE 0 1,222,458 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 342 4,511 SH   SOLE 0 4,511 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 34 1,248 SH   SOLE 0 1,248 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 11,003 413,476 SH   SOLE 0 413,476 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 11,993 618,842 SH   SOLE 0 618,842 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 418 9,219 SH   SOLE 0 9,219 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 206 5,544 SH   SOLE 0 5,544 0 0
LOEWS CORP COM 540424108 23,913 495,306 SH   SOLE 0 495,306 0 0
MERCK & CO INC COM 58933Y105 2,599 42,816 SH   SOLE 0 42,816 0 0
METLIFE INC COM 59156R108 33,413 766,357 SH   SOLE 0 766,357 0 0
MICROSOFT CORP COM 594918104 436 4,416 SH   SOLE 0 4,416 0 0
NAVISTAR INTL CORP NEW NOTE 4.500%10/1 63934EAQ1 7,857 7,799,000 SH   SOLE 0 7,799,000 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 10,856 147,908 SH   SOLE 0 147,908 0 0
NII HLDGS INC COM PAR 62913F508 4,725 1,211,625 SH   SOLE 0 1,211,625 0 0
NN INC COM 629337106 13,992 740,300 SH   SOLE 0 740,300 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 23,524 1,623,443 SH   SOLE 0 1,623,443 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 17,255 2,170,425 SH   SOLE 0 2,170,425 0 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 12,762 826,565 SH   SOLE 0 826,565 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P108 22,518 4,710,797 SH   SOLE 0 4,710,797 0 0
OAKTREE STRATEGIC INCOME COR COM 67402D104 3,466 407,723 SH   SOLE 0 407,723 0 0
OLD NATL BANCORP IND COM 680033107 21,919 1,178,461 SH   SOLE 0 1,178,461 0 0
OWENS ILL INC COM NEW 690768403 39,111 2,326,655 SH   SOLE 0 2,326,655 0 0
PARK OHIO HLDGS CORP COM 700666100 24,117 646,557 SH   SOLE 0 646,557 0 0
PBF ENERGY INC CL A 69318G106 19,914 474,932 SH   SOLE 0 474,932 0 0
PENSKE AUTOMOTIVE GRP INC COM 70959W103 25,476 543,776 SH   SOLE 0 543,776 0 0
PEOPLES BANCORP INC COM 709789101 13,771 364,518 SH   SOLE 0 364,518 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 11,663 585,174 SH   SOLE 0 585,174 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 26,068 2,247,280 SH   SOLE 0 2,247,280 0 0
PROSPECT CAPITAL CORPORATION NOTE 4.750% 4/1 74348TAQ5 28 28,000 SH   SOLE 0 28,000 0 0
PROSPERITY BANCSHARES INC COM 743606105 10,652 155,820 SH   SOLE 0 155,820 0 0
REDWOOD TR INC COM 758075402 20,675 1,255,290 SH   SOLE 0 1,255,290 0 0
REDWOOD TR INC NOTE 4.750% 8/1 758075AC9 447 462,000 SH   SOLE 0 462,000 0 0
RENEWABLE ENERGY GROUP INC COM NEW 75972A301 10,852 607,954 SH   SOLE 0 607,954 0 0
RENEWABLE ENERGY GROUP INC NOTE 2.750% 6/1 75972AAA1 31,578 23,221,000 SH   SOLE 0 23,221,000 0 0
RESOLUTE FST PRODS INC COM 76117W109 1,385 133,797 SH   SOLE 0 133,797 0 0
RITE AID CORP COM 767754104 11,435 6,609,707 SH   SOLE 0 6,609,707 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 1,758 167,266 SH   SOLE 0 167,266 0 0
RUSH ENTERPRISES INC CL A 781846209 6,344 146,250 SH   SOLE 0 146,250 0 0
RUSH ENTERPRISES INC CL B 781846308 17,318 394,497 SH   SOLE 0 394,497 0 0
SEABOARD CORP COM 811543107 22,017 5,556 SH   SOLE 0 5,556 0 0
SEACOR HOLDINGS INC COM 811904101 4,446 77,635 SH   SOLE 0 77,635 0 0
SEACOR MARINE HLDGS INC COM 78413P101 21,084 913,103 SH   SOLE 0 913,103 0 0
SIERRA BANCORP COM 82620P102 11,642 412,246 SH   SOLE 0 412,246 0 0
SUPERVALU INC COM NEW 868536301 18,064 880,330 SH   SOLE 0 880,330 0 0
TEGNA INC COM 87901J105 21,378 1,970,303 SH   SOLE 0 1,970,303 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829 16,914 616,862 SH   SOLE 0 616,862 0 0
TEMPLETON GLOBAL INCOME FD COM 880198106 9,882 1,609,457 SH   SOLE 0 1,609,457 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 21,522 641,120 SH   SOLE 0 641,120 0 0
TENNECO INC COM 880349105 17,490 397,867 SH   SOLE 0 397,867 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADR 881624209 22,363 919,533 SH   SOLE 0 919,533 0 0
TIER REIT INC COM NEW 88650V208 24,883 1,046,383 SH   SOLE 0 1,046,383 0 0
TRAVELERS COMPANIES INC COM 89417E109 20,512 167,660 SH   SOLE 0 167,660 0 0
VALERO ENERGY CORP NEW COM 91913Y100 30,225 272,715 SH   SOLE 0 272,715 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 40,007 795,200 SH   SOLE 0 795,200 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 11,404 469,121 SH   SOLE 0 469,121 0 0
VORNADO RLTY TR SH BEN INT 929042109 14,976 202,603 SH   SOLE 0 202,603 0 0
WASHINGTON PRIME GROUP NEW COM 93964W108 40,877 5,040,381 SH   SOLE 0 5,040,381 0 0
WELLS FARGO CO NEW COM 949746101 10,707 193,119 SH   SOLE 0 193,119 0 0
WESCO AIRCRAFT HLDGS INC COM 950814103 5,320 472,904 SH   SOLE 0 472,904 0 0
WESTERN ASSET HGH YLD DFNDFD COM 95768B107 13,380 917,037 SH   SOLE 0 917,037 0 0
WESTROCK CO COM 96145D105 21,777 381,910 SH   SOLE 0 381,910 0 0
WIDEOPENWEST INC COM 96758W101 24,920 2,579,661 SH   SOLE 0 2,579,661 0 0
XL GROUP LTD COM G98294104 37,573 671,553 SH   SOLE 0 671,553 0 0