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 330 363,000 PRN   DFND   0 363,000 0
AT&T INC COM 00206R102 285 8,273 SH   DFND   0 8,273 0
AEGON N V NY REGISTRY SH 007924103 67 11,888 SH   DFND   0 11,888 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 361 47,048 SH   DFND   0 47,048 0
ALPHABET INC CAP STK CL C 02079K107 3,687 4,858 SH   DFND   0 4,858 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 2,639 457,298 SH   DFND   0 457,298 0
B2GOLD CORP COM 11777Q209 3,109 3,047,720 SH   DFND   0 3,047,720 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 946 7,162 SH   DFND   0 7,162 0
BIRNER DENTAL MGMT SERVICES COM NEW 091283200 852 75,690 SH   DFND   0 75,690 0
BLACKROCK FLOAT RATE OME STR COM 09255X100 6,392 495,478 SH   DFND   0 495,478 0
BLACKROCK FLOATING RATE INCO COM 091941104 187 14,989 SH   DFND   0 14,989 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 286 22,421 SH   DFND   0 22,421 0
BLACKROCK LTD DURATION INC T COM SHS 09249W101 562 38,551 SH   DFND   0 38,551 0
BLACKROCK UTIL & INFRASTRCTU COM 09248D104 256 15,247 SH   DFND   0 15,247 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 2,688 201,020 SH   DFND   0 201,020 0
BLACKROCK CR ALLCTN INC TR COM 092508100 8,676 703,080 SH   DFND   0 703,080 0
BOULDER GROWTH & INCOME FD I COM 101507101 415 53,667 SH   DFND   0 53,667 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 6,990 366,351 SH   DFND   0 366,351 0
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 178 18,003 SH   DFND   0 18,003 0
COFFEE HLDGS INC COM 192176105 72 18,775 SH   DFND   0 18,775 0
COHEN & STEERS CLOSED END OP COM 19248P106 15,805 1,442,048 SH   DFND   0 1,442,048 0
COLGATE PALMOLIVE CO COM 194162103 813 12,200 SH   DFND   0 12,200 0
CONSOLIDATED EDISON INC COM 209115104 536 8,343 SH   DFND   0 8,343 0
COTT CORP QUE COM 22163N106 6,445 586,405 SH   DFND   0 586,405 0
DTE ENERGY CO COM 233331107 577 7,201 SH   DFND   0 7,201 0
DELAWARE INVT NAT MUNI INC F SH BEN INT 24610T108 810 62,338 SH   DFND   0 62,338 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 1,672 159,067 SH   DFND   0 159,067 0
DIVERSIFIED REAL ASSET INC F COM SHS 25533B108 213 13,704 SH   DFND   0 13,704 0
DOMINION DIAMOND CORP COM 257287102 105 10,308 SH   DFND   0 10,308 0
DUFF & PHELPS GLB UTL INC FD COM 26433C105 8,372 568,372 SH   DFND   0 568,372 0
EATON VANCE FLTG RATE INCOM COM SHS BEN INT 278284104 5,986 423,059 SH   DFND   0 423,059 0
EATON VANCE MUN INCOME 2028 SHS 27829U105 1,218 65,858 SH   DFND   0 65,858 0
EATON VANCE MI MUNI INCOME T SH BEN INT 27826D106 1,437 109,410 SH   DFND   0 109,410 0
EATON VANCE SH TM DR DIVR IN COM 27828V104 2,124 158,403 SH   DFND   0 158,403 0
EVERSOURCE ENERGY COM 30040W108 1,525 29,860 SH   DFND   0 29,860 0
FASTENAL CO COM 311900104 975 23,891 SH   DFND   0 23,891 0
FORD MTR CO DEL COM PAR $0.01 345370860 143 10,132 SH   DFND   0 10,132 0
FRANKLIN LTD DURATION INC TR COM 35472T101 2,437 227,369 SH   DFND   0 227,369 0
FRANKLIN UNVL TR SH BEN INT 355145103 11,214 1,957,007 SH   DFND   0 1,957,007 0
GABELLI GLB SML & MD CP VAL COM 36249W104 694 66,746 SH   DFND   0 66,746 0
GAIAM INC CL A 36268Q103 10,457 1,675,792 SH   DFND   0 1,675,792 0
GAMCO GLOBAL GOLD NAT RES & COM SH BEN INT 36465A109 7,746 1,630,781 SH   DFND   0 1,630,781 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 9,449 595,400 SH   DFND   0 595,400 0
GRAMERCY PPTY TR COM 385002100 8,501 1,101,228 SH   DFND   0 1,101,228 0
HANCOCK JOHN PREMUIM DIV FD COM SH BEN INT 41013T105 919 67,063 SH   DFND   0 67,063 0
HARRIS & HARRIS GROUP INC COM 413833104 2,799 1,272,388 SH   DFND   0 1,272,388 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 1,948 254,962 SH   DFND   0 254,962 0
INTERNATIONAL BUSINESS MACHS COM 459200101 283 2,058 SH   DFND   0 2,058 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 1,488 117,240 SH   DFND   0 117,240 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 6,298 596,973 SH   DFND   0 596,973 0
LAZARD WORLD DIVID & INCOME COM 521076109 1,060 116,313 SH   DFND   0 116,313 0
LEAPFROG ENTERPRISES INC CL A 52186N106 680 957,059 SH   DFND   0 957,059 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 3,485 300,940 SH   DFND   0 300,940 0
LEXINGTON REALTY TRUST COM 529043101 5,498 687,255 SH   DFND   0 687,255 0
LMP CORPORATE LN FD INC COM 50208B100 3,378 341,881 SH   DFND   0 341,881 0
MADISON CVRED CALL & EQ STR COM 557437100 399 54,093 SH   DFND   0 54,093 0
MEDICAL PPTYS TRUST INC COM 58463J304 7,907 686,992 SH   DFND   0 686,992 0
MFS CHARTER INCOME TR SH BEN INT 552727109 3,830 502,666 SH   DFND   0 502,666 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 9,050 1,642,537 SH   DFND   0 1,642,537 0
MFS INTER INCOME TR SH BEN INT 55273C107 490 107,268 SH   DFND   0 107,268 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 235 16,983 SH   DFND   0 16,983 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 230 17,929 SH   DFND   0 17,929 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 196 13,836 SH   DFND   0 13,836 0
NEW GOLD INC CDA COM 644535106 3,917 1,688,468 SH   DFND   0 1,688,468 0
NEW SR INVT GROUP INC COM 648691103 4,282 434,262 SH   DFND   0 434,262 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 12,398 1,581,423 SH   DFND   0 1,581,423 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 425 30,944 SH   DFND   0 30,944 0
NUVEEN DIVID ADVANTAGE MUN I COM 67071L106 649 44,850 SH   DFND   0 44,850 0
NUVEEN INT DUR QUAL MUN TRM COM 670677103 227 17,600 SH   DFND   0 17,600 0
NUVEEN MICH QUALITY INCOME M COM 670979103 904 66,053 SH   DFND   0 66,053 0
NUVEEN QUALITY PFD INC FD 3 COM 67072W101 734 86,404 SH   DFND   0 86,404 0
PFIZER INC COM 717081103 253 7,851 SH   DFND   0 7,851 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 2,293 127,163 SH   DFND   0 127,163 0
PIONEER FLOATING RATE TR COM 72369J102 5,189 478,209 SH   DFND   0 478,209 0
PROCTER & GAMBLE CO COM 742718109 727 9,155 SH   DFND   0 9,155 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 114 25,155 SH   DFND   0 25,155 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 1,541 206,832 SH   DFND   0 206,832 0
ROYCE MICRO-CAP TR INC COM 780915104 4,798 660,891 SH   DFND   0 660,891 0
ROYCE VALUE TR INC COM 780910105 1,882 159,882 SH   DFND   0 159,882 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 5,139 346,279 SH   DFND   0 346,279 0
SILVER WHEATON CORP COM 828336107 6,281 505,752 SH   DFND   0 505,752 0
SPARK NETWORKS INC COM 84651P100 1,331 345,733 SH   DFND   0 345,733 0
SPECIAL OPPORTUNITIES FD INC COM 84741T104 1,463 110,805 SH   DFND   0 110,805 0
STRATEGIC GLOBAL INCOME FD COM 862719101 2,263 258,287 SH   DFND   0 258,287 0
SUNOPTA INC COM 8676EP108 2,974 434,750 SH   DFND   0 434,750 0
TEMPLETON DRAGON FD INC COM 88018T101 316 17,728 SH   DFND   0 17,728 0
TEMPLETON GLOBAL INCOME FD COM 880198106 1,023 161,151 SH   DFND   0 161,151 0
GDL FUND COM SH BEN IT 361570104 2,309 230,719 SH   DFND   0 230,719 0
TIVO INC COM 888706108 1,980 229,465 SH   DFND   0 229,465 0
TRAVELZOO INC COM NEW 89421Q205 702 83,846 SH   DFND   0 83,846 0
U S GLOBAL INVS INC CL A 902952100 3,091 2,642,080 SH   DFND   0 2,642,080 0
INVESCO SR INCOME TR COM 46131H107 5,817 1,439,743 SH   DFND   0 1,439,743 0
VEREIT INC COM 92339V100 5,401 681,894 SH   DFND   0 681,894 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 538 35,224 SH   DFND   0 35,224 0
VIRTUS TOTAL RETURN FD COM 92829A103 2,082 546,579 SH   DFND   0 546,579 0
VOYA PRIME RATE TR SH BEN INT 92913A100 3,131 618,788 SH   DFND   0 618,788 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 7,324 463,529 SH   DFND   0 463,529 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 39,048 3,794,758 SH   DFND   0 3,794,758 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 9,594 907,668 SH   DFND   0 907,668 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 424 4,980 SH   DFND   0 4,980 0
WELLS FARGO GLOBAL DIVIDEND COM 94987C103 4,118 695,615 SH   DFND   0 695,615 0
WELLS FARGO MULTI SECTOR INC COM SHS 94987D101 8,718 770,125 SH   DFND   0 770,125 0
WESTERN ASST MN PRT FD INC COM 95766P108 186 11,902 SH   DFND   0 11,902 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 700 69,469 SH   DFND   0 69,469 0
ZWEIG FD COM NEW 989834205 260 19,767 SH   DFND   0 19,767 0
ZWEIG TOTAL RETURN FD INC COM NEW 989837208 1,048 86,068 SH   DFND   0 86,068 0
APOLLO SR FLOATING RATE FD I COM 037636107 2,293 151,321 SH   DFND   0 151,321 0
COHEN & STEERS REIT & PFD IN COM 19247X100 1,290 69,939 SH   DFND   0 69,939 0
COVANTA HLDG CORP COM 22282E102 2,277 147,012 SH   DFND   0 147,012 0
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 391 23,500 SH   DFND   0 23,500 0
MFS GOVT MKTS INCOME TR SH BEN INT 552939100 110 20,840 SH   DFND   0 20,840 0
MICROSOFT CORP COM 594918104 221 3,988 SH   DFND   0 3,988 0
NUVEEN SR INCOME FD COM 67067Y104 210 36,403 SH   DFND   0 36,403 0
ROYAL GOLD INC COM 780287108 2,986 81,875 SH   DFND   0 81,875 0
SANDSTORM GOLD LTD COM NEW 80013R206 2,771 1,053,455 SH   DFND   0 1,053,455 0
UNITEDHEALTH GROUP INC COM 91324P102 202 1,721 SH   DFND   0 1,721 0
VISA INC COM CL A 92826C839 450 5,805 SH   DFND   0 5,805 0