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
ABERDEEN ASIA PACIFIC INCOM COM 003009107 13,325 2,664,994 SH   SOLE   2,664,994 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 18,957 3,491,175 SH   SOLE   3,491,175 0 0
ADVENT CLAYMORE CV SECS & IN COM 00764C109 14,964 1,132,814 SH   SOLE   1,132,814 0 0
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 8,412 1,024,549 SH   SOLE   1,024,549 0 0
ALLIANZGI NFJ DIVID INT & PR COM 01883A107 9,365 763,837 SH   SOLE   763,837 0 0
ANADARKO PETE CORP COM 032511107 13,473 289,300 SH Put SOLE   289,300 0 0
ANADARKO PETE CORP COM 032511107 1,041 22,347 SH   SOLE   22,347 0 0
APOLLO TACTICAL INCOME FD IN COM 037638103 2,986 219,431 SH   SOLE   219,431 0 0
BANCROFT FUND LTD COM 059695106 4,177 232,694 SH   SOLE   232,694 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 3,899 311,399 SH   SOLE   311,399 0 0
BLACKROCK DEBT STRAT FD INC COM 09255R103 81,423 23,464,835 SH   SOLE   23,464,835 0 0
BLACKROCK MULTI-SECTOR INC T COM 09258A107 20,829 1,317,454 SH   SOLE   1,317,454 0 0
BLACKSTONE GSO LNG SHRT CR I COM SHS BN INT 09257D102 16,171 1,189,071 SH   SOLE   1,189,071 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 35,502 2,604,700 SH   SOLE   2,604,700 0 0
BROOKFIELD MTG OPP INC FD IN COM 112792106 4,879 333,297 SH   SOLE   333,297 0 0
CANADIAN NAT RES LTD COM 136385101 17,866 661,700 SH Put SOLE   661,700 0 0
CHESAPEAKE ENERGY CORP COM 165167107 12,444 3,020,300 SH Put SOLE   3,020,300 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 260 27,143 SH   SOLE   27,143 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 2,963 160,088 SH   SOLE   160,088 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 99/99/9999 203668116 5 795,108 SH   SOLE   795,108 0 0
CREDIT SUISSE ASSET MGMT INC COM 224916106 15,960 5,561,125 SH   SOLE   5,561,125 0 0
DBX ETF TR DBXTR HAR CS 300 233051879 218 8,900 SH   SOLE   8,900 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 142 15,555 SH   SOLE   15,555 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 3,652 399,947 SH   SOLE   399,947 0 0
DEUTSCHE GLOBAL HIGH INCOME COM 25158V108 2,918 377,997 SH   SOLE   377,997 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 26,421 1,982,061 SH   SOLE   1,982,061 0 0
DEUTSCHE HIGH INCOME TR SHS 25155R100 18,932 2,232,588 SH   SOLE   2,232,588 0 0
DEUTSCHE MULTI-MKT INCOME TR SHS 25160E102 17,328 2,185,155 SH   SOLE   2,185,155 0 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 4,607 416,155 SH   SOLE   416,155 0 0
DEVON ENERGY CORP NEW COM 25179M103 4,799 174,900 SH Put SOLE   174,900 0 0
DEVON ENERGY CORP NEW COM 25179M103 549 19,996 SH   SOLE   19,996 0 0
DYNEGY INC NEW DEL *W EXP 10/02/201 26817R116 177 430,844 SH   SOLE   430,844 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 4,834 366,801 SH   SOLE   366,801 0 0
EATON VANCE SH TM DR DIVR IN COM 27828V104 14,462 1,084,102 SH   SOLE   1,084,102 0 0
EATON VANCE SR INCOME TR SH BEN INT 27826S103 539 93,048 SH   SOLE   93,048 0 0
ELLSWORTH GROWTH & INCOME FD COM 289074106 698 91,857 SH   SOLE   91,857 0 0
FIRST TR ABERDEEN GLBL OPP F COM SHS 337319107 351 32,005 SH   SOLE   32,005 0 0
FIRST TR HIGH INCOME L/S FD COM 33738E109 17,239 1,179,145 SH   SOLE   1,179,145 0 0
FIRST TR STRATEGIC HIGH INC COM SHS NEW 337353304 1,387 121,987 SH   SOLE   121,987 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 582 40,521 SH   SOLE   40,521 0 0
FRANKLIN LTD DURATION INC TR COM 35472T101 45,200 3,985,886 SH   SOLE   3,985,886 0 0
FREEPORT-MCMORAN INC CL B 35671D857 6,428 621,700 SH Put SOLE   621,700 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 4,374 782,400 SH Put SOLE   782,400 0 0
GENWORTH FINL INC COM CL A 37247D106 1,881 689,172 SH   SOLE   689,172 0 0
GLOBAL HIGH INCOME FUND INC COM 37933G108 9,761 1,123,257 SH   SOLE   1,123,257 0 0
HCP INC COM 40414L109 3,241 99,477 SH   SOLE   99,477 0 0
HESS CORP COM 42809H107 38,071 723,100 SH Put SOLE   723,100 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 1,432 99,148 SH   SOLE   99,148 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 553 51,414 SH   SOLE   51,414 0 0
INVESCO HIGH INCOME TR II COM 46131F101 9,350 706,177 SH   SOLE   706,177 0 0
ISHARES TR IBOXX HI YD ETF 464288513 817 10,000 SH   SOLE   10,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 21,608 639,864 SH   SOLE   639,864 0 0
IVY HIGH INC OPPORTUNITIES F COM 465893105 3,222 253,110 SH   SOLE   253,110 0 0
KATE SPADE & CO COM 485865109 925 36,246 SH   SOLE   36,246 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 5,637 456,460 SH   SOLE   456,460 0 0
LINN ENERGY LLC UNIT LTD LIAB 536020100 153 428,800 SH   SOLE   428,800 0 0
LMP CAP & INCOME FD INC COM 50208A102 231 18,712 SH   SOLE   18,712 0 0
MADISON STRTG SECTOR PREM FD COM 558268108 354 31,417 SH   SOLE   31,417 0 0
MANAGED HIGH YIELD PLUS FD I COM 561911108 11,088 6,229,242 SH   SOLE   6,229,242 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 16,858 1,030,420 SH   SOLE   1,030,420 0 0
MBIA INC COM 55262C100 19,046 2,152,100 SH Put SOLE   2,152,100 0 0
MBIA INC COM 55262C100 1,411 159,456 SH   SOLE   159,456 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 16,807 2,067,309 SH   SOLE   2,067,309 0 0
MFS INTERMEDIATE HIGH INC FD SH BEN INT 59318T109 4,762 2,035,207 SH   SOLE   2,035,207 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 20,233 3,470,560 SH   SOLE   3,470,560 0 0
MORGAN STANLEY EM MKTS DM DE COM 617477104 18,725 2,450,870 SH   SOLE   2,450,870 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 440 50,135 SH   SOLE   50,135 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 9,774 921,243 SH   SOLE   921,243 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 181 35,553 SH   SOLE   35,553 0 0
NEW AMER HIGH INCOME FD INC COM NEW 641876800 1,611 199,662 SH   SOLE   199,662 0 0
NOBLE CORP PLC SHS USD G65431101 19,234 1,858,400 SH Put SOLE   1,858,400 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 1,739 219,910 SH   SOLE   219,910 0 0
NUVEEN DIVERSIFIED DIV INCM COM 6706EP105 172 15,767 SH   SOLE   15,767 0 0
NUVEEN GLOBAL EQUITY INCOME COM 6706EH103 194 17,700 SH   SOLE   17,700 0 0
NUVEEN MULTI MKT INCOME FD COM 67075J107 125 17,285 SH   SOLE   17,285 0 0
OFFICE DEPOT INC COM 676220106 1,448 204,000 SH   SOLE   204,000 0 0
PACHOLDER HIGH YIELD FD INC COM 693742108 1,057 166,439 SH   SOLE   166,439 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 419 71,800 SH Put SOLE   71,800 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 52,164 2,991,045 SH   SOLE   2,991,045 0 0
PUTMAN HIGH INCOME SEC FUND SHS BEN INT 746779107 2,822 385,576 SH   SOLE   385,576 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 27,611 5,825,123 SH   SOLE   5,825,123 0 0
QEP RES INC COM 74733V100 23,219 1,645,600 SH Put SOLE   1,645,600 0 0
QEP RES INC COM 74733V100 494 35,000 SH   SOLE   35,000 0 0
RADIAN GROUP INC COM 750236101 13,786 1,111,800 SH Put SOLE   1,111,800 0 0
RADIAN GROUP INC COM 750236101 1,186 95,633 SH   SOLE   95,633 0 0
SEADRILL LIMITED SHS G7945E105 6,261 1,897,200 SH Put SOLE   1,897,200 0 0
SEADRILL LIMITED SHS G7945E105 281 85,000 SH   SOLE   85,000 0 0
STRATEGIC GLOBAL INCOME FD COM 862719101 752 84,432 SH   SOLE   84,432 0 0
TCW STRATEGIC INCOME FUND IN COM 872340104 199 38,171 SH   SOLE   38,171 0 0
TEMPLETON EMERG MKTS INCOME COM 880192109 168 16,357 SH   SOLE   16,357 0 0
TRANSOCEAN LTD REG SHS H8817H100 44,025 4,816,700 SH Put SOLE   4,816,700 0 0
UNISYS CORP COM NEW 909214306 1,413 183,544 SH   SOLE   183,544 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 3,230 122,831 SH   SOLE   122,831 0 0
VIRTUS GLOBAL MULTI-SEC INC COM 92829B101 2,231 157,441 SH   SOLE   157,441 0 0
VIRTUS TOTAL RETURN FD COM 92829A103 627 147,879 SH   SOLE   147,879 0 0
WELLS FARGO INCOME OPPORTUNI WF INC OPPTY FD 94987B105 6,217 821,230 SH   SOLE   821,230 0 0
WELLS FARGO MULTI SECTOR INC WF MLT SECTR INC 94987D101 61,150 5,004,086 SH   SOLE   5,004,086 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 8,471 583,408 SH   SOLE   583,408 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 22,630 2,205,610 SH   SOLE   2,205,610 0 0
WESTERN ASSET GLB HI INCOME COM 95766B109 2,467 272,938 SH   SOLE   272,938 0 0
WESTERN ASSET GLB PTNRS INCO COM 95766G108 5,771 719,560 SH   SOLE   719,560 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 2,619 158,800 SH   SOLE   158,800 0 0
WESTERN ASSET HGH YLD DFNDFD COM 95768B107 7,165 513,971 SH   SOLE   513,971 0 0
WESTERN ASSET HIGH INCM OPP COM 95766K109 387 82,431 SH   SOLE   82,431 0 0
WESTERN ASSET MGD HI INCM FD COM 95766L107 8,647 1,951,845 SH   SOLE   1,951,845 0 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 2,948 283,780 SH   SOLE   283,780 0 0