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
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 11,449 626,663 SH   DFND   0 626,663 0
PIONEER FLOATING RATE TR COM 72369J102 3,571 315,471 SH   DFND   0 315,471 0
RCS CAP CORP COM CL A 74937W102 584 720,980 SH   DFND   0 720,980 0
ROYAL GOLD INC NOTE 2.875% 6/1 780287AA6 350 363,000 SH   DFND   0 363,000 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 1,167 166,419 SH   DFND   0 166,419 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 5,862 361,874 SH   DFND   0 361,874 0
SPARK NETWORKS INC COM 84651P100 1,066 370,163 SH   DFND   0 370,163 0
SPECIAL OPPORTUNITIES FD INC COM 84741T104 714 50,735 SH   DFND   0 50,735 0
STAG INDL INC COM 85254J102 496 27,250 SH   DFND   0 27,250 0
SUNOPTA INC COM 8676EP108 2,201 452,857 SH   DFND   0 452,857 0
TEMPLETON DRAGON FD INC COM 88018T101 332 17,755 SH   DFND   0 17,755 0
TRAVELZOO INC COM NEW 89421Q205 756 91,430 SH   DFND   0 91,430 0
VEREIT INC COM 92339V100 5,269 682,468 SH   DFND   0 682,468 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 571 33,995 SH   DFND   0 33,995 0
VIRTUS TOTAL RETURN FD COM 92829A103 390 103,270 SH   DFND   0 103,270 0
VOYA PRIME RATE TR SH BEN INT 92913A100 1,302 257,337 SH   DFND   0 257,337 0
WELLS FARGO ADV GLB DIV OPP COM 94987C103 2,062 348,980 SH   DFND   0 348,980 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 8,837 778,569 SH   DFND   0 778,569 0
WESTERN ASST MN PRT FD INC COM 95766P108 640 42,922 SH   DFND   0 42,922 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 8,272 784,076 SH   DFND   0 784,076 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 37,713 3,626,265 SH   DFND   0 3,626,265 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 8,312 525,103 SH   DFND   0 525,103 0
DUFF & PHELPS GLB UTL INC FD COM 26433C105 5,582 368,674 SH   DFND   0 368,674 0
KINDER MORGAN INC DEL COM 49456B101 2,649 95,690 SH   DFND   0 95,690 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 1,265 73,175 SH   DFND   0 73,175 0
GATX CORP COM 361448103 1,925 92,700 SH   DFND   0 92,700 0
AEGON N V NY REGISTRY SH 007924103 68 11,888 SH   DFND   0 11,888 0
ALCATEL-LUCENT SPONSORED ADR 013904305 49 13,513 SH   DFND   0 13,513 0
AVON PRODS INC COM 054303102 34 10,600 SH   DFND   0 10,600 0
BANCROFT FUND LTD COM 059695106 821 43,881 SH   DFND   0 43,881 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 934 7,162 SH   DFND   0 7,162 0
BIRNER DENTAL MGMT SERVICES COM NEW 091283200 1,002 78,612 SH   DFND   0 78,612 0
BLACKROCK FLOATING RATE INCO COM 091941104 649 52,164 SH   DFND   0 52,164 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 281 23,224 SH   DFND   0 23,224 0
BLACKROCK CR ALLCTN INC TR COM 092508100 13,893 1,141,585 SH   DFND   0 1,141,585 0
BOULDER GROWTH & INCOME FD I COM 101507101 422 56,584 SH   DFND   0 56,584 0
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 172 18,518 SH   DFND   0 18,518 0
CHAMBERS STR PPTYS COM 157842105 5,291 815,305 SH   DFND   0 815,305 0
CINEDIGM CORP COM 172406100 505 902,331 SH   DFND   0 902,331 0
COFFEE HLDGS INC COM 192176105 65 16,712 SH   DFND   0 16,712 0
COLGATE PALMOLIVE CO COM 194162103 774 12,200 SH   DFND   0 12,200 0
CONSOLIDATED EDISON INC COM 209115104 558 8,343 SH   DFND   0 8,343 0
DTE ENERGY CO COM 233331107 569 7,075 SH   DFND   0 7,075 0
DOMINION DIAMOND CORP COM 257287102 1,558 145,884 SH   DFND   0 145,884 0
EATON VANCE FLTG RATE INCOM COM SHS BEN INT 278284104 5,059 344,616 SH   DFND   0 344,616 0
FASTENAL CO COM 311900104 986 26,928 SH   DFND   0 26,928 0
FORD MTR CO DEL COM PAR $0.01 345370860 147 10,832 SH   DFND   0 10,832 0
FRANKLIN UNVL TR SH BEN INT 355145103 9,997 1,691,507 SH   DFND   0 1,691,507 0
GDL FUND COM SH BEN IT 361570104 2,379 242,717 SH   DFND   0 242,717 0
HARRIS & HARRIS GROUP INC COM 413833104 2,395 1,119,204 SH   DFND   0 1,119,204 0
INTERNATIONAL BUSINESS MACHS COM 459200101 296 2,044 SH   DFND   0 2,044 0
LAZARD WORLD DIVID & INCOME COM 521076109 525 57,631 SH   DFND   0 57,631 0
LEXINGTON REALTY TRUST COM 529043101 6,907 852,675 SH   DFND   0 852,675 0
MFS CHARTER INCOME TR SH BEN INT 552727109 3,968 512,036 SH   DFND   0 512,036 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 9,160 1,638,714 SH   DFND   0 1,638,714 0
MADISON CVRED CALL & EQ STR COM 557437100 398 56,274 SH   DFND   0 56,274 0
NEW GOLD INC CDA COM 644535106 3,878 1,708,443 SH   DFND   0 1,708,443 0
NEW SR INVT GROUP INC COM 648691103 4,240 405,377 SH   DFND   0 405,377 0
NUVEEN INT DUR QUAL MUN TRM COM 670677103 545 43,794 SH   DFND   0 43,794 0
NUVEEN MICH QUALITY INCOME M COM 670979103 801 60,753 SH   DFND   0 60,753 0
PFIZER INC COM 717081103 247 7,851 SH   DFND   0 7,851 0
PROCTER & GAMBLE CO COM 742718109 716 9,955 SH   DFND   0 9,955 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 113 25,155 SH   DFND   0 25,155 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 612 51,151 SH   DFND   0 51,151 0
ROYCE VALUE TR INC COM 780910105 1,506 130,965 SH   DFND   0 130,965 0
ROYCE MICRO-CAP TR INC COM 780915104 3,629 468,852 SH   DFND   0 468,852 0
SILVER WHEATON CORP COM 828336107 5,125 426,713 SH   DFND   0 426,713 0
STRATEGIC GLOBAL INCOME FD COM 862719101 5,982 754,301 SH   DFND   0 754,301 0
TEMPLETON GLOBAL INCOME FD COM 880198106 179 29,445 SH   DFND   0 29,445 0
TIVO INC COM 888706108 1,878 216,845 SH   DFND   0 216,845 0
U S GLOBAL INVS INC CL A 902952100 4,432 2,653,955 SH   DFND   0 2,653,955 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 414 4,980 SH   DFND   0 4,980 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 696 70,804 SH   DFND   0 70,804 0
ZWEIG FD COM NEW 989834205 269 20,976 SH   DFND   0 20,976 0
ZWEIG TOTAL RETURN FD INC COM NEW 989837208 1,004 87,890 SH   DFND   0 87,890 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 513 65,223 SH   DFND   0 65,223 0
BLACKROCK CORE BD TR SHS BEN INT 09249E101 140 10,803 SH   DFND   0 10,803 0
AT&T INC COM 00206R102 277 8,501 SH   DFND   0 8,501 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 959 171,787 SH   DFND   0 171,787 0
BLACKROCK INCOME TR INC COM 09247F100 106 16,794 SH   DFND   0 16,794 0
BLACKROCK UTIL & INFRASTRCTU COM 09248D104 256 15,722 SH   DFND   0 15,722 0
BLACKROCK LTD DURATION INC T COM SHS 09249W101 515 35,646 SH   DFND   0 35,646 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 2,201 158,136 SH   DFND   0 158,136 0
BLACKROCK FLOAT RATE OME STR COM 09255X100 4,418 341,423 SH   DFND   0 341,423 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 154 21,697 SH   DFND   0 21,697 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 5,079 357,390 SH   DFND   0 357,390 0
B2GOLD CORP COM 11777Q209 3,226 3,072,705 SH   DFND   0 3,072,705 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 317 42,930 SH   DFND   0 42,930 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 4,419 231,743 SH   DFND   0 231,743 0
COHEN & STEERS CLOSED END OP COM 19248P106 11,565 1,070,863 SH   DFND   0 1,070,863 0
COTT CORP QUE COM 22163N106 6,388 589,800 SH   DFND   0 589,800 0
DELAWARE INVT NAT MUNI INC F SH BEN INT 24610T108 843 65,888 SH   DFND   0 65,888 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 1,554 151,171 SH   DFND   0 151,171 0
DIVERSIFIED REAL ASSET INC F COM SHS 25533B108 225 14,013 SH   DFND   0 14,013 0
DREYFUS MUN BD INFRSTRCTR FD SHS 26203D101 1,018 85,815 SH   DFND   0 85,815 0
EATON VANCE MI MUNI INCOME T SH BEN INT 27826D106 1,377 110,410 SH   DFND   0 110,410 0
EATON VANCE SH TM DR DIVR IN COM 27828V104 2,169 163,932 SH   DFND   0 163,932 0
EATON VANCE MUN INCOME 2028 SHS 27829U105 1,502 86,703 SH   DFND   0 86,703 0
EVERSOURCE ENERGY COM 30040W108 1,511 29,860 SH   DFND   0 29,860 0
FRANKLIN LTD DURATION INC TR COM 35472T101 2,830 259,660 SH   DFND   0 259,660 0
GABELLI GLB SML & MD CP VAL COM 36249W104 730 73,570 SH   DFND   0 73,570 0
GAIAM INC CL A 36268Q103 10,420 1,694,356 SH   DFND   0 1,694,356 0
GAMCO GLOBAL GOLD NAT RES & COM SH BEN INT 36465A109 13,373 2,679,906 SH   DFND   0 2,679,906 0
GENWORTH FINL INC COM CL A 37247D106 1,109 240,115 SH   DFND   0 240,115 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 12,596 787,275 SH   DFND   0 787,275 0
HANCOCK JOHN PREMUIM DIV FD COM SH BEN INT 41013T105 973 77,506 SH   DFND   0 77,506 0
INVESCO SR INCOME TR COM 46131H107 5,579 1,334,674 SH   DFND   0 1,334,674 0
INVESCO TR INVT GRADE MUNS COM 46131M106 640 49,524 SH   DFND   0 49,524 0
INVESCO BD FD COM 46132L107 249 14,101 SH   DFND   0 14,101 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 2,740 259,185 SH   DFND   0 259,185 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 2,310 190,150 SH   DFND   0 190,150 0
JANUS CAP GROUP INC COM 47102X105 7,159 526,364 SH   DFND   0 526,364 0
LMP CORPORATE LN FD INC COM 50208B100 1,219 118,610 SH   DFND   0 118,610 0
LEAPFROG ENTERPRISES INC CL A 52186N106 1,338 1,874,724 SH   DFND   0 1,874,724 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 3,465 298,443 SH   DFND   0 298,443 0
MFS INTER INCOME TR SH BEN INT 55273C107 752 165,305 SH   DFND   0 165,305 0
MEDICAL PPTYS TRUST INC COM 58463J304 5,275 476,969 SH   DFND   0 476,969 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 239 18,871 SH   DFND   0 18,871 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 223 17,216 SH   DFND   0 17,216 0
NUVEEN PERFORMANCE PLUS MUN COM 67062P108 407 28,700 SH   DFND   0 28,700 0
NUVEEN DIVID ADVANTAGE MUN I COM 67071L106 647 46,425 SH   DFND   0 46,425 0
NUVEEN QUALITY PFD INC FD 3 COM 67072W101 4,087 509,662 SH   DFND   0 509,662 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 9,834 1,232,326 SH   DFND   0 1,232,326 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 853 59,140 SH   DFND   0 59,140 0