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
ROYAL GOLD INC NOTE 2.875% 6/1 780287AA6 364 339,000 PRN   DFND   0 339,000 0
AEGON N V NY REGISTRY SH 007924103 49 12,250 SH   DFND   0 12,250 0
ALPHABET INC CAP STK CL C 02079K107 3,224 4,659 SH   DFND   0 4,659 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 1,992 362,794 SH   DFND   0 362,794 0
APOLLO SR FLOATING RATE FD I COM 037636107 9,079 574,620 SH   DFND   0 574,620 0
B2GOLD CORP COM 11777Q209 1,069 426,055 SH   DFND   0 426,055 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,059 7,312 SH   DFND   0 7,312 0
BIRNER DENTAL MGMT SERVICES COM NEW 091283200 864 59,609 SH   DFND   0 59,609 0
BLACKROCK FLOAT RATE OME STR COM 09255X100 6,251 475,374 SH   DFND   0 475,374 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 306 25,783 SH   DFND   0 25,783 0
BLACKROCK CR ALLCTN INC TR COM 092508100 1,550 119,070 SH   DFND   0 119,070 0
BOULDER GROWTH & INCOME FD I COM 101507101 419 51,501 SH   DFND   0 51,501 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 7,092 331,101 SH   DFND   0 331,101 0
CALAMOS GBL DYN INCOME FUND COM 12811L107 1,290 183,760 SH   DFND   0 183,760 0
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 164 16,562 SH   DFND   0 16,562 0
COFFEE HLDGS INC COM 192176105 74 13,175 SH   DFND   0 13,175 0
COHEN & STEERS CLOSED END OP COM 19248P106 14,316 1,239,512 SH   DFND   0 1,239,512 0
COHEN & STEERS REIT & PFD IN COM 19247X100 1,066 51,914 SH   DFND   0 51,914 0
COLGATE PALMOLIVE CO COM 194162103 893 12,200 SH   DFND   0 12,200 0
CONSOLIDATED EDISON INC COM 209115104 671 8,343 SH   DFND   0 8,343 0
COTT CORP QUE COM 22163N106 2,619 187,635 SH   DFND   0 187,635 0
COVANTA HLDG CORP COM 22282E102 3,736 227,110 SH   DFND   0 227,110 0
DTE ENERGY CO COM 233331107 714 7,201 SH   DFND   0 7,201 0
DUFF & PHELPS GLB UTL INC FD COM 26433C105 7,257 422,889 SH   DFND   0 422,889 0
EATON VANCE FLTG RATE INCOM COM SHS BEN INT 278284104 6,421 428,649 SH   DFND   0 428,649 0
EATON VANCE MI MUNI INCOME T SH BEN INT 27826D106 1,520 105,310 SH   DFND   0 105,310 0
EATON VANCE SH TM DR DIVR IN COM 27828V104 450 33,365 SH   DFND   0 33,365 0
EVERSOURCE ENERGY COM 30040W108 1,789 29,860 SH   DFND   0 29,860 0
FASTENAL CO COM 311900104 1,134 25,544 SH   DFND   0 25,544 0
FRANKLIN UNVL TR SH BEN INT 355145103 11,024 1,601,225 SH   DFND   0 1,601,225 0
GABELLI GLB SML & MD CP VAL COM 36249W104 678 65,297 SH   DFND   0 65,297 0
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 487 26,178 SH   DFND   0 26,178 0
GAMCO GLOBAL GOLD NAT RES & COM SH BEN INT 36465A109 397 61,091 SH   DFND   0 61,091 0
GLOBAL SELF STORAGE INC COM 37955N106 5,461 1,013,148 SH   DFND   0 1,013,148 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 637 27,605 SH   DFND   0 27,605 0
GRAMERCY PPTY TR COM 385002100 4,724 512,364 SH   DFND   0 512,364 0
HARRIS & HARRIS GROUP INC COM 413833104 2,314 1,437,368 SH   DFND   0 1,437,368 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 327 39,787 SH   DFND   0 39,787 0
INTERNATIONAL BUSINESS MACHS COM 459200101 292 1,921 SH   DFND   0 1,921 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 7,500 680,576 SH   DFND   0 680,576 0
ISHARES TR 1-3 YR TR BD ETF 464287457 452 5,300 SH   DFND   0 5,300 0
LAZARD WORLD DIVID & INCOME COM 521076109 1,697 187,941 SH   DFND   0 187,941 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 3,742 288,766 SH   DFND   0 288,766 0
LEXINGTON REALTY TRUST COM 529043101 3,969 392,625 SH   DFND   0 392,625 0
MADISON CVRED CALL & EQ STR COM 557437100 386 50,327 SH   DFND   0 50,327 0
MEDICAL PPTYS TRUST INC COM 58463J304 7,388 485,738 SH   DFND   0 485,738 0
MFS CHARTER INCOME TR SH BEN INT 552727109 110 12,950 SH   DFND   0 12,950 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 8,021 1,325,849 SH   DFND   0 1,325,849 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 223 16,157 SH   DFND   0 16,157 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 225 16,946 SH   DFND   0 16,946 0
NEW GOLD INC CDA COM 644535106 5,071 1,157,688 SH   DFND   0 1,157,688 0
NEW SR INVT GROUP INC COM 648691103 4,539 425,042 SH   DFND   0 425,042 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 12,735 1,576,172 SH   DFND   0 1,576,172 0
NUVEEN MICH QUALITY INCOME M COM 670979103 940 61,253 SH   DFND   0 61,253 0
NUVEEN SR INCOME FD COM 67067Y104 608 100,629 SH   DFND   0 100,629 0
PFIZER INC COM 717081103 292 8,280 SH   DFND   0 8,280 0
PIONEER FLOATING RATE TR COM 72369J102 5,404 479,466 SH   DFND   0 479,466 0
PROCTER & GAMBLE CO COM 742718109 778 9,190 SH   DFND   0 9,190 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 45 10,355 SH   DFND   0 10,355 0
ROYAL GOLD INC COM 780287108 9,040 125,516 SH   DFND   0 125,516 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 1,390 182,855 SH   DFND   0 182,855 0
ROYCE MICRO-CAP TR INC COM 780915104 5,251 715,435 SH   DFND   0 715,435 0
ROYCE VALUE TR INC COM 780910105 749 63,628 SH   DFND   0 63,628 0
SANDSTORM GOLD LTD COM NEW 80013R206 7,414 1,662,290 SH   DFND   0 1,662,290 0
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 445 7,954 SH   DFND   0 7,954 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 6,928 332,607 SH   DFND   0 332,607 0
SILVER WHEATON CORP COM 828336107 10,860 461,538 SH   DFND   0 461,538 0
SPARK NETWORKS INC COM 84651P100 725 459,077 SH   DFND   0 459,077 0
SPECIAL OPPORTUNITIES FD INC COM 84741T104 1,951 141,894 SH   DFND   0 141,894 0
SUNOPTA INC COM 8676EP108 2,837 677,072 SH   DFND   0 677,072 0
TEMPLETON DRAGON FD INC COM 88018T101 241 13,919 SH   DFND   0 13,919 0
TEMPLETON GLOBAL INCOME FD COM 880198106 6,702 1,053,804 SH   DFND   0 1,053,804 0
GDL FUND COM SH BEN IT 361570104 1,802 181,513 SH   DFND   0 181,513 0
TIVO INC COM 888706108 1,685 170,235 SH   DFND   0 170,235 0
U S GLOBAL INVS INC CL A 902952100 4,331 2,547,672 SH   DFND   0 2,547,672 0
UNITEDHEALTH GROUP INC COM 91324P102 243 1,721 SH   DFND   0 1,721 0
INVESCO SR INCOME TR COM 46131H107 7,304 1,747,277 SH   DFND   0 1,747,277 0
VEREIT INC COM 92339V100 4,647 458,332 SH   DFND   0 458,332 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 379 33,940 SH   DFND   0 33,940 0
VIRTUS TOTAL RETURN FD COM 92829A103 397 85,650 SH   DFND   0 85,650 0
VOYA PRIME RATE TR SH BEN INT 92913A100 4,631 904,471 SH   DFND   0 904,471 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 511 29,980 SH   DFND   0 29,980 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 43,466 3,912,295 SH   DFND   0 3,912,295 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 10,290 896,350 SH   DFND   0 896,350 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 417 5,011 SH   DFND   0 5,011 0
WELLS FARGO GLOBAL DIVIDEND WF GLOBAL OPPTY 94987C103 3,839 643,108 SH   DFND   0 643,108 0
WELLS FARGO MULTI SECTOR INC WF MLT SECTR INC 94987D101 1,490 117,822 SH   DFND   0 117,822 0
LMP CORPORATE LN FD INC COM 50208B100 3,739 361,217 SH   DFND   0 361,217 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 729 66,358 SH   DFND   0 66,358 0
APPLE INC COM 037833100 682 7,130 SH   DFND   0 7,130 0
CALAMOS GLOBAL TOTAL RETURN COM SH BEN INT 128118106 628 57,681 SH   DFND   0 57,681 0
DOMINION DIAMOND CORP COM 257287102 89 10,102 SH   DFND   0 10,102 0
ROYCE VALUE TR INC COM 780910105 157 15,275 SH   DFND   0 15,275 0
CLOUGH GLOBAL ALLOCATION FD COM 18913Y103 577 49,325 SH   DFND   0 49,325 0
DIVERSIFIED REAL ASSET INC F COM SHS 25533B108 273 16,509 SH   DFND   0 16,509 0
GAIAM INC CL A 36268Q103 12,699 1,640,651 SH   DFND   0 1,640,651 0
RMR REAL ESTATE INCOME FUND COM 76970B101 0 183,174 SH   DFND   0 183,174 0
FINANCIAL ENGINES INC COM 317485100 575 22,245 SH   DFND   0 22,245 0