Crow Point Partners as of June 30, 2012
Portfolio Holdings for Crow Point Partners
Crow Point Partners holds 0 positions in its portfolio as reported in the June 2012 quarterly 13F filing
NAME OF ISSUER TITLE OF CLASS CUSIP Value SHARES SH/PRN -------------------------------------------------------------------------------------------------------------------------------- {S} {C} {C} {C} {C} {C} Aegon 8.00% Non-Cum Sub Nt AEK PREFERRED STOCK 7924608 $3,585,600 135,000 SH SO 5 5/8 PREFERRED STOCK 10392512 $777,000 30,000 SH Am. Fin'l Grp. 6 3/8 % PFD PREFERRED STOCK 25932401 $2,070,400 80,000 SH BankAmer BML.Q 8 5/8% PREFERRED STOCK 60505559 $3,889,500 150,000 SH BANKAMERICA BML.L FLOATING RT PFD PREFERRED STOCK 60505583 $784,720 40,000 SH Bank of America, 6.375% (BML.I) PREFERRED STOCK 60505617 $1,662,464 68,386 SH Cedar Rlty Tr. Pfd Ser. B PREFERRED STOCK 150602407 $1,743,750 75,000 SH Citigroup Capital X, 6.10% TruPS Capital PREFERRED STOCK 173064205 $11,509 469 SH Countrywide Capital V, 7.00% PREFERRED STOCK 222388209 $4,348,975 175,150 SH DTE Energy Co 6.50% (DTZ) PREFERRED STOCK 233331602 $5,211,450 185,000 SH DUQUESNE LT (DQUEK) PREFERRED STOCK 266228824 $5,250,000 105,000 SH ENTGY LA (ELUOP) 6.95% Pfd. PREFERRED STOCK 293649307 $2,027,000 20,000 SH GLFQP 6.45% PFD PREFERRED STOCK 402479752 $2,289,420 21,000 SH INDIANAPOLIS PWR + LT CO PFD PCT PREFERRED STOCK 455434878 $1,880,000 20,000 SH INTERSTATE PWR + LT CO PFD SER B 8.375PCT PREFERRED STOCK 461070872 $3,883,296 143,613 SH MONMOUTH REIT 7.875% SER B PREFERRED STOCK 609720305 $1,065,200 40,000 SH RBS 7.76 (NW C) PREFERRED STOCK 638539882 $5,044,500 225,000 SH PNC Financial Services Group PFD PREFERRED STOCK 693475857 $1,060,074 40,200 SH PACIFIC G^E 5% Ser. D PREFERRED STOCK 694308503 $4,696,500 186,000 SH PCG SER E PFD 5% PREFERRED STOCK 694308602 $252,433 9,954 SH PACIFIC GAS + ELEC CO PFD 0.36 PREFERRED STOCK 694308883 $2,825,280 117,720 SH RAYMOND JAMES PFD 6.90 % RJD PREFERRED STOCK 754730208 $1,340,000 50,000 SH Schwab 6% PREFERRED STOCK 808513204 $5,150 200 SH SO CA ED CO 4.32 PFD Ser.D PREFERRED STOCK 842400400 $1,411,747 60,590 SH So Cal Ed, 6.50% Series D PREFERRED STOCK 842400723 $500,000 5,000 SH SO CAL ED (SCEDL) 6% PREFERRED STOCK 842400731 $10,229,410 102,039 SH SUNTRUST CAP IX TR PFD SECS PREFERRED STOCK 867885105 $2,213,200 88,000 SH Winthrop Rlty Ser D 9.25% PFD PREFERRED STOCK 976391508 $1,940,550 75,000 SH WISCONSIN PUB SVC CORP PFD 5.08PCT PREFERRED STOCK 976843409 $403,536 4,804 SH ATP OIL + GAS 8% CV PFD PREFERRED STOCK 00208J702 $0 15,710 SH BACR 8 1/8 PREFERRED STOCK 06739H362 $2,315,950 91,000 SH CLNY SERIES A 8.5% PFD PREFERRED STOCK 19624R205 $1,909,500 75,000 SH Deutsche Bank Conting. CapTr V, 8.05% TRUPS PREFERRED STOCK 25150L108 $2,618,749 100,220 SH DuPont Fabros Technology Inc PREFERRED STOCK 26613Q304 $1,308,500 50,000 SH Endurance Spclty Hldgs Ser A 7.75% PREFERRED STOCK 29267H208 $1,822,050 69,385 SH ENTERGY ARK 6.45% (EGXKP) PREFERRED STOCK 29364D787 $4,250,000 170,000 SH ETR 5.25% PDF PREFERRED STOCK 29364W504 $0 50,000 SH FTB B 7.25 PREFERRED STOCK 31678V206 $1,550,196 61,200 SH FITB 7 1/4 Ser A TRUP PREFERRED STOCK 31678W204 $860,880 34,000 SH First Potomac 7.75% Ser. A Cum PREFERRED STOCK 33610F307 $2,531,000 100,000 SH FRC A 6.70 % (1st Republic) PREFERRED STOCK 33616C209 $373,650 14,100 SH First Republic Bk 6.2% Ser.B PREFERRED STOCK 33616C407 $5,004 200 SH HSBC 6.36% Ser. B Pfd PREFERRED STOCK 40429C607 $730,510 29,000 SH HPT 7.125% Ser. D PREFERRED STOCK 44106M607 $621,250 25,000 SH JPMorgan Chase & Co PFD Z 8% PREFERRED STOCK 48124G104 $834,570 33,000 SH KKR 7.5% PFD PREFERRED STOCK 48248A504 $978,375 37,500 SH KITE RLTY 7.25%SER A PREFERRED STOCK 49803T201 $642,750 25,000 SH Medley MCQ 7 1/8 PFD PREFERRED STOCK 58503F205 $626,750 25,000 SH NXYCN 7.35 PREFERRED STOCK 65334H508 $1,505,979 59,058 SH NextEra Energy Capital 5.70% 03/01/2072 PREFERRED STOCK 65339K605 $25,000 25,000 SH NEE 5 5/8% PFD PREFERRED STOCK 65339K704 $0 100,000 SH Northstar Rlty Fin Ser B 8.25% PFD PREFERRED STOCK 66704R308 $4,063,500 175,000 SH PUBLIC STORAGE SER T PFD PREFERRED STOCK 74460W404 $2,628,000 100,000 SH PSA 5 5/8 PFD PREFERRED STOCK 74460W602 $1,255,000 50,000 SH Qwest Corp PFD PREFERRED STOCK 74913G303 $1,871,250 75,000 SH Qwest Corp 7% PREFERRED STOCK 74913G402 $5,136 200 SH CTU 7% PREFERRED STOCK 74913G501 $1,032,336 40,200 SH RLH 9 1/2 PREFERRED STOCK 75670L104 $2,080,000 80,000 SH Resource Cap. 8.5% Ser. A PREFERRED STOCK 76120W401 $729,000 30,000 SH EIX 5 5/8% Preferred PREFERRED STOCK 78406T201 $1,928,128 75,200 SH SCANA CORP NEW JR SB NT7.7%65 PREFERRED STOCK 80589M201 $5,986,125 212,500 SH ABBOTT LABORATORIES COM COMMON STOCK 002824100 $12,850 200 SH Abbott Labs Nov 50 Puts PUT OPTION ABT 121117P00050000 $12,850 -2 SH ANALOG DEVICES COMMON STOCK 032654105 $14,872 400 SH Analog Devices Sept 39 Calls CALL OPTION ADI 120922C00039000 -$7,436 -2 SH Analog Devices Jan 36 Puts PUT OPTION ADI 130119P00036000 -$7,436 2 SH Analog Devices Sept 37 Puts PUT OPTION ADI 120922P00037000 -$7,436 2 SH AMERICAN ELEC PWR INC COM COMMON STOCK 025537101 $23,023,000 575,000 SH Ashford Hospitality Trust Inc COMMON STOCK 044103109 $6,696 800 SH Ashford Hospitality Dec 7.50 Puts PUT OPTION AHT 121222P00007500 -$6,696 8 SH Akamai Technologies Inc COMMON STOCK 00971T101 $3,210,790 101,000 SH AMERESCO INC-CL A COMMON STOCK 02361E108 $2,114,000 175,000 SH<br /><br />NAME OF ISSUER TITLE OF CLASS CUSIP Value SHARES SH/PRN -------------------------------------------------------------------------------------------------------------------------------- {S} {C} {C} {C} {C} {C} Preferred Apartment Communities Inc REIT 74039L103 $2,884,350 410,000 SH AMERICAN WTR WKS CO INC NEW COM COMMON STOCK 030420103 $8,601,250 250,000 SH AstraZeneca PLC COMMON STOCK 046353108 $8,964 200 SH AstraZeneca Oct 45 CALL OPTION AZN 121020C00045000 -$8,964 -2 SH AstraZeneca Oct 40 Puts PUT OPTION AZN 121020P00040000 -$8,964 2 SH BCE INC COM NEW COMMON STOCK 05534B760 $674,320 16,310 SH BCE Sept 35 Puts PUT OPTION BCE 120922P00035000 -$12,403 3 SH The Bank of Nova Scotia ADR 064149107 $4,791 93 SH Bank of Nova Scotia Sept 45 Puts PUT OPTION BNS 120922P00045000 $10,304 -2 SH BNS SEPT 2012 50 PUT PUT OPTION BNS 120922P00050000 -$5,152 1 SH SeaCube Container Leasing Ltd COMMON STOCK 0001487999 $12,852 756 SH SeaCube Container Feb 17.50 Puts PUT OPTION BOX 130216P00017500 -$5,100 3 SH SeaCube Container BOX AUG 2012 15 PUTS PUT OPTION BOX 120818P00015000 -$6,800 4 SH CH ENERGY GROUP INC COMMON STOCK 12541M102 $32,790 500 SH CHATHAM LODGING REIT 16208T102 $7,805,280 552,000 SH COLONY FINANCIAL INC COMMON STOCK 19624R106 $13,880 800 SH Colony Financial Sept 15 Puts PUT OPTION CLNY 120922P00015000 -$6,940 4 SH Colony Financial Dec 17.5 Puts PUT OPTION CLNY 121222P00017500 -$6,940 4 SH COMCAST CORP NEW CL A COMMON STOCK 20030N101 $8,539,246 265,400 SH CMS ENERGY CORP COM COMMON STOCK 125896100 $15,418,000 650,000 SH CENTERPOINT ENERGY INC COM COMMON STOCK 15189T107 $6,202,980 300,532 SH CenterPoint Aug 17.50 Puts PUT OPTION CNP 120818P00017500 -$10,320 5 SH CONOCOPHILLIPS COM COMMON STOCK 20825C104 $11,082 200 SH ConocoPhillips Aug 70 Puts PUT OPTION COP 120818P00070000 -$11,082 2 SH CHESAPEAKE UTILITIES CORP COMMON STOCK 165303108 $8,792 200 SH CENTURYTEL INC COM COMMON STOCK 156700106 $22,882 579 SH Centurylink Oct 40 Calls CALL OPTION CTL 121020C00040000 -$7,904 -2 SH CTL July 39 Puts PUT OPTION CTL 120721P00039000 -$3,952 3 SH Centurylink Oct 37 Puts PUT OPTION CTL 121020P00037000 -$7,904 2 SH Convergys Corp COMMON STOCK 212485106 $4,097,500 275,000 SH DOMINION RES INC VA NEW COM COMMON STOCK 25746U109 $9,462,694 175,300 SH DISH NETWORK CORP-A COMMON STOCK 25470M109 $12,928,500 450,000 SH DR PEPPER SNAPPLE GROUP INC COM COMMON STOCK 26138E109 $11,216 258 SH DR Pepper Snapple Aug 35 Puts PUT OPTION DPS 120818P00035000 -$8,694 2 SH DUKE ENERGY CORP COMMON STOCK 26441C204 $11,630 500 SH ENI SPA ADR 26874R108 $8,528 200 SH ENI Aug 40 Puts PUT OPTION E 120818P00040000 -$8,528 2 SH Gas Natural Inc COMMON STOCK 367204104 $253,750 25,000 SH EDISON INTL COM COMMON STOCK 281020107 $92,280 2,000 SH EQT CORP COMMON STOCK 26884L109 $3,926,560 73,600 SH ENTERGY CORP NEW COM COMMON STOCK 29364G103 $67,900 1,000 SH EXELON CORP COM COMMON STOCK 30161N101 $14,513,600 386,000 SH EXCEL TRUST INC REIT 30068C109 $13,953,125 1,175,000 SH FIRSTENERGY CORP COM COMMON STOCK 337932107 $12,342,500 250,000 SH France Telecom ADR 35177Q105 $8,404 644 SH GENERAL ELECTRIC CO COM COMMON STOCK 369604103 $18,405 900 SH General Electric Dec 21 Calls CALL OPTION GE 121222C00021000 -$6,135 -3 SH GE Dec 19 Puts PUT OPTION GE 121222P00019000 -$18,405 9 SH Gaylord Entertainment C COMMON STOCK 367905106 $3,845,000 100,000 SH Golar LNG Ltd COMMON STOCK G9456A100 $7,417 200 SH Golar Dec 45 Calls CALL OPTION GLNG 121222C00045000 -$7,417 -2 SH Golar LNG Dec 35 Puts PUT OPTION GLNG 121222P00035000 -$7,417 2 SH GlaxoSmithKline PLC ADR 37733W105 $13,773 300 SH GlaxoSmithKline Nov 47 Calls CALL OPTION GSK 121117C00047000 -$4,591 -1 SH GlaxoSmithKline Jan 43 Puts PUT OPTION GSK 130119P00043000 -$9,182 2 SH GlaxoSmithKline Nov 45 Puts PUT OPTION GSK 121117P00045000 -$4,591 1 SH<br /><br />NAME OF ISSUER TITLE OF CLASS CUSIP Value SHARES SH/PRN -------------------------------------------------------------------------------------------------------------------------------- {S} {C} {C} {C} {C} {C} GREAT PLAINS ENERGY INC COM COMMON STOCK 391164100 $14,480,177 673,810 SH HAWAIIAN ELEC INDUSTRIES COM COMMON STOCK 419870100 $6,466,500 225,000 SH HICKS ACQUISITION CO II INC REIT 429090202 $941,450 95,000 SH HATTERAS FINANCIAL CORP COMMON STOCK 41902R103 $16,531,242 575,400 SH Hatteras Aug 26 Puts PUT OPTION HTS 120818P00026000 -$11,492 4 SH Idacorp Inc COMMON STOCK 451107106 $8,458,000 200,000 SH INTEL CORP COM COMMON STOCK 458140100 $15,906 600 SH Intel Oct 30 Calls CALL OPTION INTC 121020C00030000 -$5,302 -2 SH Intel Jan 26 Puts PUT OPTION INTC 130119P00026000 -$10,604 4 SH Intel Oct 26 Puts PUT OPTION INTC 121020P00026000 -$5,302 2 SH ITC HLDGS CORP COM COMMON STOCK 465685105 $22,473,600 320,000 SH Kaydon Corp COMMON STOCK 486587108 $15,816,706 752,218 SH KLA-TENCOR CORPORATION COMMON STOCK 482480100 $9,852 200 SH KLA-Tencor Sept 45 Puts PUT OPTION KLAC 120922P00045000 -$9,852 2 SH Kinder Morgan Inc COMMON STOCK 49456B101 $10,909,178 338,479 SH KMI WARRANTS EXP 2017 WARRANT 49456B119 $2,217,600 512,000 SH LEGGETT & PLATT INC COMMON STOCK 524660107 $4,758 113 SH Leggett & Platt Sep 17.5 Puts PUT OPTION LEG 120922P00017500 $4,210 -2 SH Leggett & Platt Sep 20 Puts PUT OPTION LEG 120922P00020000 -$4,210 2 SH LOCKHEED MARTIN CORP COM COMMON STOCK 539830109 $26,088 300 SH Lockheed Martin Dec 87.5 Calls CALL OPTION LMT 121222C00087500 -$8,696 -1 SH Lockheed Dec 80 Puts PUT OPTION LMT 121222P00080000 -$26,088 3 SH LORILLARD INC COMMON STOCK 544147101 $13,336 100 SH MASTERCARD INC CL A COMMON STOCK 57636Q104 $4,771,800 11,000 SH Microchip Tech COMMON STOCK 595017104 $17,816 542 SH Microchip Oct 34 Calls CALL OPTION MCHP 121020C00034000 -$6,574 -2 SH MCHP Jan 31 Puts PUT OPTION MCHP 130119P00031000 -$9,861 3 SH Microchip Oct 31 Puts PUT OPTION MCHP 121020P00031000 -$6,574 2 SH MDU RESOURCES GROUP INC COMMON STOCK 552690109 $6,543,776 300,725 SH Magnum Hunter Resources Corp COMMON STOCK 55973B102 $8,156,000 2,000,000 SH Mitek Systems Inc COMMON STOCK 606710200 $281,250 75,000 SH Ag Mortgage Investment Trust Inc COMMON STOCK 001228105 $1,652,300 77,500 SH ALTRIA GROUP INC COM COMMON STOCK 02209S103 $14,690 423 SH Altria Group Sep 26 Puts PUT OPTION MO 120922P00026000 $13,892 -4 SH Middlesex Water Co COMMON STOCK 596680108 $474,750 25,000 SH NEXTERA ENERGY INC COMMON STOCK 65339F101 $21,885,019 320,050 SH NATIONAL FUEL GAS CO COMMON STOCK 636180101 $10,489,500 225,000 SH NEW JERSEY RESOURCES CORP COMMON STOCK 646025106 $8,784 200 SH ANNALY CAP MGMT INC COM COMMON STOCK 035710409 $3,355,905 200,652 SH Annaly Oct 15 Puts PUT OPTION NLY 121020P00015000 -$6,690 4 SH Annaly Oct 16 Puts PUT OPTION NLY 121020P00016000 -$3,345 2 SH TORTOISE MLP FUND INC MUTUAL FUND 89148B101 $2,502,900 100,000 SH NORTHEAST UTILS COM COMMON STOCK 664397106 $21,412,958 551,312 SH NV ENERGY INC COMMON STOCK 67073Y106 $6,605,526 375,314 SH Novartis AG ADR 66987V109 $9,678 174 SH Novartis Oct 45 Puts PUT OPTION NVS 121020P00045000 $11,124 -2 SH NVS OCT 2012 50 PUT PUT OPTION NVS 121020P00050000 -$22,248 4 SH NEW YORK CMNTY BANCORP INC COM COMMON STOCK 649445103 $16,167 1,282 SH New York Community Bancorp Oct 13 Calls CALL OPTION NYB 121020C00013000 -$6,305 -5 SH New York Community Bancorp Oct 12 Puts PUT OPTION NYB 121020P00012000 -$16,393 13 SH Omega Healthcare Investors Inc COMMON STOCK 681936100 $12,882 334 SH Omega Healthcare Dec 25 Calls CALL OPTION OHI 121222C00025000 -$2,272 -1 SH Omega Health Sep 20 Puts PUT OPTION OHI 120922P00020000 -$13,632 6 SH Omega Healthcare Dec 22.50 Puts PUT OPTION OHI 121222P00022500 -$2,272 1 SH Oritani Financial Corp COMMON STOCK 68633D103 $5,358 373 SH Oritani Oct 12.50 Puts PUT OPTION ORIT 121020P00012500 -$5,746 4 SH PG^E CORP COM COMMON STOCK 69331C108 $2,494,250 55,000 SH PUBLIC SVC ENTERPRISE GROUP COM COMMON STOCK 744573106 $17,825,500 550,000 SH PFIZER INC COM COMMON STOCK 717081103 $18,329 800 SH Pfizer Dec 23 Calls CALL OPTION PFE 121222C00023000 -$6,873 -3 SH Pfizer Dec 21 Puts PUT OPTION PFE 121222P00021000 -$9,164 4 SH Pfizer Dec 22 Puts PUT OPTION PFE 121222P00022000 -$6,873 3 SH PROGRESS ENERGY INC COM COMMON STOCK 743263105 $24,276 400 SH PHILIP MORRIS INTL INC COM COMMON STOCK 718172109 $8,802 100 SH Philip Morris Dec 90 Calls CALL OPTION PM 121222C00090000 -$8,802 -1 SH Philip Morris Dec 87.50 Puts PUT OPTION PM 121222P00087500 -$8,802 1 SH PEPCO HOLDINGS INC COM COMMON STOCK 713291102 $1,948 100 SH PPL CORP COM COMMON STOCK 69351T106 $10,619,860 380,000 SH PORTUGAL TELECOM SGPS-SP ADR COMMON STOCK 737273102 $1,800,000 400,000 SH QR Energy LP COMMON STOCK 74734R108 $2,885,050 175,000 SH Rentech Nitrogen Partners LP COMMON STOCK 760113100 $2,078,250 75,000 SH RAYTHEON CO COM NEW COMMON STOCK 755111507 $5,582 100 SH Raytheon Nov 57.5 Calls CALL OPTION RTN 121117C00057500 -$5,582 -1 SH<br /><br />NAME OF ISSUER TITLE OF CLASS CUSIP Value SHARES SH/PRN -------------------------------------------------------------------------------------------------------------------------------- {S} {C} {C} {C} {C} {C} Raytheon Nov 52.50 Puts PUT OPTION RTN 121117P00052500 -$5,582 1 SH SOUTH CAROLINA ELE & GAS COMMON STOCK 80589M102 $12,050,250 250,000 SH SandRidge Mississippian Trust II COMMON STOCK 80007V106 $4,218,300 225,000 SH Seadrill Ltd COMMON STOCK G7945E105 $23,933 674 SH Seadrill Oct 35.85 Calls CALL OPTION SDRL 121020C00035850 -$10,653 -3 SH Seadrill Jan 31.85 Puts PUT OPTION SDRL 130119P00031850 -$10,653 3 SH Seadrill Oct 32.85 Puts PUT OPTION SDRL 121020P00032850 -$10,653 3 SH SPECTRA ENERGY CORP COM COMMON STOCK 847560109 $2,903,000 100,000 SH Shenandoah Telecommun C COMMON STOCK 82312B106 $7,900,100 590,000 SH SOUTH JERSEY INDUSTRIES COMMON STOCK 838518108 $10,338 200 SH SARA LEE CORP COMMON STOCK 803111103 $20,350,000 1,100,000 SH SOUTHERN CO COM COMMON STOCK 842587107 $7,452,800 160,000 SH SEMPRA ENERGY COM COMMON STOCK 816851109 $18,550,227 269,900 SH SOUTHWESTERN ENERGY CO COM COMMON STOCK 845467109 $3,788,400 120,000 SH AT^T INC COM COMMON STOCK 00206R102 $5,359,564 150,212 SH TELEFONICA SA-SPON ADR ADR 879382208 $7,573 585 SH TEF SEPT 2012 15 PUTS PUT OPTION TEF 120922P00015000 -$7,768 6 SH Turkcell Iletisim Hizmetleri AS ADR 900111204 $16,012,800 380,000 SH TELUS CORP COMMON STOCK 87971M202 $10,425 177 SH TU SEPT 2012 50 PUTS PUT OPTION TU 120922P00050000 -$11,780 2 SH UNITIL CORP COM COMMON STOCK 913259107 $2,673,000 100,000 SH VISA INC COM CL A COMMON STOCK 92826C839 $14,973,600 120,000 SH Veolia Environnement ADR 92334N103 $6,001 447 SH Veolia Jan 10 Puts PUT OPTION VE 130119P00010000 -$5,032 4 SH VimpelCom Ltd ADR 92719A106 $4,433,000 550,000 SH VIVO PARTICIPACOES S A SPON ADR PFD NEW ADR 92855S200 $1,442,353 57,350 SH Vanguard Natural Resources LLC COMMON STOCK 92205F106 $1,312,500 50,000 SH VODAFONE GROUP PLC NEW SPONS ADR NEW ADR 92857W209 $25,488,030 905,758 SH Vodafone Oct 29 Calls CALL OPTION VOD 121020C00029000 $20,250 -3 SH VOD OCT 2012 26 PUTS PUT OPTION VOD 121020P00026000 -$11,256 4 SH Vodafone Oct 27 Puts PUT OPTION VOD 121020P00027000 -$8,442 3 SH VERIZON COMMUNICATIONS COM COMMON STOCK 92343V104 $4,460,838 100,194 SH WISCONSIN ENERGY CORP COM COMMON STOCK 976657106 $18,287,940 458,000 SH Whiting USA Trust II COMMON STOCK 966388100 $939,500 50,000 SH WINDSTREAM CORP COM COMMON STOCK 97381W104 $1,950,956 201,545 SH Windstream Jan 10 Puts PUT OPTION WIN 130119P00010000 -$11,616 12 SH Windstream Nov 9 Puts PUT OPTION WIN 121117P00009000 -$2,904 3 SH WILLIAMS COS INC DEL COM COMMON STOCK 969457100 $10,574,600 370,000 SH Whitestone REIT COMMON STOCK 966084204 $962,500 70,000 SH<br /><br />NAME OF ISSUER PUT/CALL INVESTMENT DSCRETN OTHER MANAGER SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------- {S} {C} {C} {C} {C} {C} {C} ALABAMA POWER CUM PFD 6.45% SOLE 44,400 SOLE Aegon 8.00% Non-Cum Sub Nt AEK SOLE 135,000 SO 5 5/8 SOLE 30,000 Am. Fin'l Grp. 6 3/8 % PFD SOLE 80,000 BankAmer BML.Q 8 5/8% SOLE 150,000 BANKAMERICA BML.L FLOATING RT PFD SOLE 40,000 Bank of America, 6.375% (BML.I) SOLE 68,386 Cedar Rlty Tr. Pfd Ser. B SOLE 75,000 Citigroup Capital X, 6.10% TruPS Capital SOLE 469 Countrywide Capital V, 7.00% SOLE 175,150 DTE Energy Co 6.50% (DTZ) SOLE 185,000 DUQUESNE LT (DQUEK) SOLE 105,000 ENTGY LA (ELUOP) 6.95% Pfd. SOLE 20,000 GLFQP 6.45% PFD SOLE 21,000 INDIANAPOLIS PWR + LT CO PFD PCT SOLE 20,000 INTERSTATE PWR + LT CO PFD SER B 8.375PCT SOLE 143,613 MONMOUTH REIT 7.875% SER B SOLE 40,000 RBS 7.76 (NW C) SOLE 225,000 PNC Financial Services Group PFD SOLE 40,200 PACIFIC G^E 5% Ser. D SOLE 186,000 PCG SER E PFD 5% SOLE 9,954 PACIFIC GAS + ELEC CO PFD 0.36 SOLE 117,720 RAYMOND JAMES PFD 6.90 % RJD SOLE 50,000 Schwab 6% SOLE 200 SO CA ED CO 4.32 PFD Ser.D SOLE 60,590 So Cal Ed, 6.50% Series D SOLE 5,000 SO CAL ED (SCEDL) 6% SOLE 102,039 SUNTRUST CAP IX TR PFD SECS SOLE 88,000 Winthrop Rlty Ser D 9.25% PFD SOLE 75,000 WISCONSIN PUB SVC CORP PFD 5.08PCT SOLE 4,804 ATP OIL + GAS 8% CV PFD SOLE 15,710 BACR 8 1/8 SOLE 91,000 CLNY SERIES A 8.5% PFD SOLE 75,000 Deutsche Bank Conting. CapTr V, 8.05% TRUPS SOLE 100,220 DuPont Fabros Technology Inc SOLE 50,000 Endurance Spclty Hldgs Ser A 7.75% SOLE 69,385 ENTERGY ARK 6.45% (EGXKP) SOLE 170,000 ETR 5.25% PDF SOLE 50,000 FTB B 7.25 SOLE 61,200 FITB 7 1/4 Ser A TRUP SOLE 34,000 First Potomac 7.75% Ser. A Cum SOLE 100,000 FRC A 6.70 % (1st Republic) SOLE 14,100 First Republic Bk 6.2% Ser.B SOLE 200 HSBC 6.36% Ser. B Pfd SOLE 29,000 HPT 7.125% Ser. D SOLE 25,000 JPMorgan Chase & Co PFD Z 8% SOLE 33,000 KKR 7.5% PFD SOLE 37,500 KITE RLTY 7.25%SER A SOLE 25,000 Medley MCQ 7 1/8 PFD SOLE 25,000 NXYCN 7.35 SOLE 59,058 NextEra Energy Capital 5.70% 03/01/2072 SOLE 25,000 NEE 5 5/8% PFD SOLE 100,000 Northstar Rlty Fin Ser B 8.25% PFD SOLE 175,000 PUBLIC STORAGE SER T PFD SOLE 100,000 PSA 5 5/8 PFD SOLE 50,000 Qwest Corp PFD SOLE 75,000 Qwest Corp 7% SOLE 200 CTU 7% SOLE 40,200 RLH 9 1/2 SOLE 80,000 Resource Cap. 8.5% Ser. A SOLE 30,000 EIX 5 5/8% Preferred SOLE 75,200 SCANA CORP NEW JR SB NT7.7%65 SOLE 212,500 ABBOTT LABORATORIES COM SOLE 200 Abbott Labs Nov 50 Puts SOLE -2 ANALOG DEVICES SOLE 400 Analog Devices Sept 39 Calls SOLE -2 Analog Devices Jan 36 Puts SOLE 2 Analog Devices Sept 37 Puts SOLE 2 AMERICAN ELEC PWR INC COM SOLE 575,000 Ashford Hospitality Trust Inc SOLE 800 Ashford Hospitality Dec 7.50 Puts SOLE 8 Akamai Technologies Inc SOLE 101,000 AMERESCO INC-CL A SOLE 175,000 Preferred Apartment Communities Inc SOLE 410,000 AMERICAN WTR WKS CO INC NEW COM SOLE 250,000 AstraZeneca PLC SOLE 200 AstraZeneca Oct 45 SOLE -2 AstraZeneca Oct 40 Puts SOLE 2 BCE INC COM NEW SOLE 16,310 BCE Sept 35 Puts SOLE 3 The Bank of Nova Scotia SOLE 93 Bank of Nova Scotia Sept 45 Puts SOLE -2 BNS SEPT 2012 50 PUT SOLE 1 SeaCube Container Leasing Ltd SOLE 756 SeaCube Container Feb 17.50 Puts SOLE 3 SeaCube Container BOX AUG 2012 15 PUTS SOLE 4 CH ENERGY GROUP INC SOLE 500 CHATHAM LODGING SOLE 552,000 COLONY FINANCIAL INC SOLE 800 Colony Financial Sept 15 Puts SOLE 4 Colony Financial Dec 17.5 Puts SOLE 4 COMCAST CORP NEW CL A SOLE 265,400 CMS ENERGY CORP COM SOLE 650,000 CENTERPOINT ENERGY INC COM SOLE 300,532 CenterPoint Aug 17.50 Puts SOLE 5 CONOCOPHILLIPS COM SOLE 200 ConocoPhillips Aug 70 Puts SOLE 2 CHESAPEAKE UTILITIES CORP SOLE 200 CENTURYTEL INC COM SOLE 579 Centurylink Oct 40 Calls SOLE -2 CTL July 39 Puts SOLE 3 Centurylink Oct 37 Puts SOLE 2 Convergys Corp SOLE 275,000 DOMINION RES INC VA NEW COM SOLE 175,300 DISH NETWORK CORP-A SOLE 450,000 DR PEPPER SNAPPLE GROUP INC COM SOLE 258 DR Pepper Snapple Aug 35 Puts SOLE 2 DUKE ENERGY CORP SOLE 500 ENI SPA SOLE 200 ENI Aug 40 Puts SOLE 2 Gas Natural Inc SOLE 25,000 EDISON INTL COM SOLE 2,000 EQT CORP SOLE 73,600 ENTERGY CORP NEW COM SOLE 1,000 EXELON CORP COM SOLE 386,000 EXCEL TRUST INC SOLE 1,175,000 FIRSTENERGY CORP COM SOLE 250,000 France Telecom SOLE 644 GENERAL ELECTRIC CO COM SOLE 900 General Electric Dec 21 Calls SOLE -3 GE Dec 19 Puts SOLE 9 Gaylord Entertainment C SOLE 100,000 Golar LNG Ltd SOLE 200 Golar Dec 45 Calls SOLE -2 Golar LNG Dec 35 Puts SOLE 2 GlaxoSmithKline PLC SOLE 300 GlaxoSmithKline Nov 47 Calls SOLE -1<br /><br />NAME OF ISSUER PUT/CALL INVESTMENT DSCRETN OTHER MANAGER SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------- {S} {C} {C} {C} {C} {C} {C} GlaxoSmithKline Jan 43 Puts SOLE 2 GlaxoSmithKline Nov 45 Puts SOLE 1 GREAT PLAINS ENERGY INC COM SOLE 673,810 HAWAIIAN ELEC INDUSTRIES COM SOLE 225,000 HICKS ACQUISITION CO II INC SOLE 95,000 HATTERAS FINANCIAL CORP SOLE 575,400 Hatteras Aug 26 Puts SOLE 4 Idacorp Inc SOLE 200,000 INTEL CORP COM SOLE 600 Intel Oct 30 Calls SOLE -2 Intel Jan 26 Puts SOLE 4 Intel Oct 26 Puts SOLE 2 ITC HLDGS CORP COM SOLE 320,000 Kaydon Corp SOLE 752,218 KLA-TENCOR CORPORATION SOLE 200 KLA-Tencor Sept 45 Puts SOLE 2 Kinder Morgan Inc SOLE 338,479 KMI WARRANTS EXP 2017 SOLE 512,000 LEGGETT & PLATT INC SOLE 113 Leggett & Platt Sep 17.5 Puts SOLE -2 Leggett & Platt Sep 20 Puts SOLE 2 LOCKHEED MARTIN CORP COM SOLE 300 Lockheed Martin Dec 87.5 Calls SOLE -1 Lockheed Dec 80 Puts SOLE 3 LORILLARD INC SOLE 100 MASTERCARD INC CL A SOLE 11000 Microchip Tech SOLE 542 Microchip Oct 34 Calls SOLE -2 MCHP Jan 31 Puts SOLE 3 Microchip Oct 31 Puts SOLE 2 MDU RESOURCES GROUP INC SOLE 300725 Magnum Hunter Resources Corp SOLE 2000000 Mitek Systems Inc SOLE 75000 Ag Mortgage Investment Trust Inc SOLE 77500 ALTRIA GROUP INC COM SOLE 423 Altria Group Sep 26 Puts SOLE -4 Middlesex Water Co SOLE 25000 NEXTERA ENERGY INC SOLE 320050 NATIONAL FUEL GAS CO SOLE 225000 NEW JERSEY RESOURCES CORP SOLE 200 ANNALY CAP MGMT INC COM SOLE 200652 Annaly Oct 15 Puts SOLE 4 Annaly Oct 16 Puts SOLE 2 TORTOISE MLP FUND INC SOLE 100000 NORTHEAST UTILS COM SOLE 551312 NV ENERGY INC SOLE 375314 Novartis AG SOLE 174 Novartis Oct 45 Puts SOLE -2 NVS OCT 2012 50 PUT SOLE 4 NEW YORK CMNTY BANCORP INC COM SOLE 1 282 New York Community Bancorp Oct 13 Calls SOLE - 5 New York Community Bancorp Oct 12 Puts SOLE 13 Omega Healthcare Investors Inc SOLE 334 Omega Healthcare Dec 25 Calls SOLE -1 Omega Health Sep 20 Puts SOLE 6 Omega Healthcare Dec 22.50 Puts SOLE 1 Oritani Financial Corp SOLE 373 Oritani Oct 12.50 Puts SOLE 4 PG^E CORP COM SOLE 55000 PUBLIC SVC ENTERPRISE GROUP COM SOLE 550000 PFIZER INC COM SOLE 800 Pfizer Dec 23 Calls SOLE -3 Pfizer Dec 21 Puts SOLE 4 Pfizer Dec 22 Puts SOLE 3 PROGRESS ENERGY INC COM SOLE 400 PHILIP MORRIS INTL INC COM SOLE 100 Philip Morris Dec 90 Calls SOLE -1 Philip Morris Dec 87.50 Puts SOLE 1 PEPCO HOLDINGS INC COM SOLE 100 PPL CORP COM SOLE 380000 PORTUGAL TELECOM SGPS-SP ADR SOLE 400000 QR Energy LP SOLE 175000 Rentech Nitrogen Partners LP SOLE 75000 RAYTHEON CO COM NEW SOLE 100 Raytheon Nov 57.5 Calls SOLE -1 Raytheon Nov 52.50 Puts SOLE 1 SOUTH CAROLINA ELE & GAS SOLE 250000 SandRidge Mississippian Trust II SOLE 225000 Seadrill Ltd SOLE 674 Seadrill Oct 35.85 Calls SOLE -3 Seadrill Jan 31.85 Puts SOLE 3 Seadrill Oct 32.85 Puts SOLE 3 SPECTRA ENERGY CORP COM SOLE 100000 Shenandoah Telecommun C SOLE 590000 SOUTH JERSEY INDUSTRIES SOLE 200 SARA LEE CORP SOLE 1100000 SOUTHERN CO COM SOLE 160000 SEMPRA ENERGY COM SOLE 269900 SOUTHWESTERN ENERGY CO COM SOLE 120000 AT^T INC COM SOLE 150212 TELEFONICA SA-SPON ADR SOLE 585 TEF SEPT 2012 15 PUTS SOLE 6 Turkcell Iletisim Hizmetleri AS SOLE 380000 TELUS CORP SOLE 177 TU SEPT 2012 50 PUTS SOLE 2 UNITIL CORP COM SOLE 100000 VISA INC COM CL A SOLE 120000 Veolia Environnement SOLE 447 Veolia Jan 10 Puts SOLE 4 VimpelCom Ltd SOLE 550000 VIVO PARTICIPACOES S A SPON ADR PFD NEW SOLE 57350 Vanguard Natural Resources LLC SOLE 50000 VODAFONE GROUP PLC NEW SPONS ADR NEW SOLE 905758 Vodafone Oct 29 Calls SOLE -3 VOD OCT 2012 26 PUTS SOLE 4 Vodafone Oct 27 Puts SOLE 3 VERIZON COMMUNICATIONS COM SOLE 100194 WISCONSIN ENERGY CORP COM SOLE 458000 Whiting USA Trust II SOLE 50000 WINDSTREAM CORP COM SOLE 201545 Windstream Jan 10 Puts SOLE 12 Windstream Nov 9 Puts SOLE 3 WILLIAMS COS INC DEL COM SOLE 370000 Whitestone REIT SOLE 70000