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
1ST CENTURY BANCSHARES INC COM 31943X102 975 88,883 SH   SOLE   88,883 0 0
A H BELO CORP COM CL A 001282102 173 35,942 SH   SOLE   35,942 0 0
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 128 15,555 SH   SOLE   15,555 0 0
AFFYMETRIX INC COM 00826T108 1,358 97,000 SH   SOLE   97,000 0 0
AGL RES INC COM 001204106 782 12,000 SH   SOLE   12,000 0 0
AIRGAS INC COM 009363102 10,189 71,936 SH   SOLE   71,936 0 0
ALLERGAN PLC SHS G0177J108 7,237 27,000 SH   SOLE   27,000 0 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 10,866 1,384,213 SH   SOLE   1,384,213 0 0
ANCHOR BANCORP WIS INC DEL COM 03283P106 20,570 456,500 SH   SOLE   456,500 0 0
ANDINA ACQUISITION CORP II UNIT 99/99/9999 G0441P112 1,903 187,500 SH   SOLE   187,500 0 0
AR CAP ACQUISITION CORP UNIT 10/06/2019 00191R208 2,819 285,000 SH   SOLE   285,000 0 0
AR CAP ACQUISITION CORP COM 00191R109 2,510 255,000 SH   SOLE   255,000 0 0
ATLANTIC ALLIANCE PARTNER CO SHS G04897107 3,724 357,000 SH   SOLE   357,000 0 0
AVENUE INCOME CR STRATEGIES COM 05358E106 312 28,482 SH   SOLE   28,482 0 0
BARINGTON HILCO ACQUISITION COM 06759V101 245 24,740 SH   SOLE   24,740 0 0
BAXALTA INC COM 07177M103 2,436 60,300 SH   SOLE   60,300 0 0
BLOUNT INTL INC NEW COM 095180105 1,796 180,000 SH   SOLE   180,000 0 0
BOULEVARD ACQUISITION UNIT 99/99/9999 10157Q201 5,169 519,500 SH   SOLE   519,500 0 0
BOULEVARD ACQUISITION CL A 10157Q102 374 38,319 SH   SOLE   38,319 0 0
BROADCOM LTD SHS Y09827109 3,708 24,000 SH Put SOLE   24,000 0 0
BROADCOM LTD SHS Y09827109 62 400 SH   SOLE   400 0 0
BROOKFIELD GLOBL LISTED INFR COM SHS 11273Q109 292 25,736 SH   SOLE   25,736 0 0
C B PHARMA ACQUISITION CORP SHS G2029P126 126 12,500 SH   SOLE   12,500 0 0
C1 FINL INC COM 12591N109 5,528 228,441 SH   SOLE   228,441 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 27,861 415,522 SH   SOLE   415,522 0 0
CASCADE MICROTECH INC COM 147322101 6,678 323,841 SH   SOLE   323,841 0 0
CHEVIOT FINL CORP NEW COM 16677X105 261 17,800 SH   SOLE   17,800 0 0
CNA FINL CORP COM 126117100 306 9,516 SH   SOLE   9,516 0 0
COMMUNICATIONS SALES&LEAS IN COM 20341J104 724 32,528 SH   SOLE   32,528 0 0
COMMUNITYONE BANCORP COM 20416Q108 1,884 141,886 SH   SOLE   141,886 0 0
CORNERSTONE STRATEGIC VALUE COM 21924B302 3,676 251,080 SH   SOLE   251,080 0 0
CORNERSTONE TOTAL RTRN FD IN COM 21924U300 2,503 155,461 SH   SOLE   155,461 0 0
COVISINT CORP COM 22357R103 37 18,549 SH   SOLE   18,549 0 0
CROSSROADS CAP INC COM 227656105 361 137,695 SH   SOLE   137,695 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 125 13,662 SH   SOLE   13,662 0 0
DIVIDEND & INCOME FUND COM NEW 25538A204 346 31,021 SH   SOLE   31,021 0 0
DOUBLE EAGLE ACQUISITION COR UNIT 99/99/9999 G28195108 4,440 444,000 SH   SOLE   444,000 0 0
E M C CORP MASS COM 268648102 2,079 78,000 SH   SOLE   78,000 0 0
ELECTRUM SPL ACQUISITION COR SHS G3105C104 1,251 129,645 SH   SOLE   129,645 0 0
ENDOCYTE INC COM 29269A102 44 14,200 SH   SOLE   14,200 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 352 17,600 SH   SOLE   17,600 0 0
FIDELITY NATIONAL FINANCIAL FNFV GROUP COM 31620R402 191 17,563 SH   SOLE   17,563 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 995 102,748 SH   SOLE   102,748 0 0
FIRSTHAND TECH VALUE FD INC COM 33766Y100 159 21,139 SH   SOLE   21,139 0 0
FIRSTMERIT CORP COM 337915102 2,876 136,629 SH   SOLE   136,629 0 0
GABELLI EQUITY TR INC COM 362397101 2,283 420,354 SH   SOLE   420,354 0 0
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 218 12,171 SH   SOLE   12,171 0 0
GARNERO GROUP ACQUISITION CO SHS G5866L108 6,430 647,542 SH   SOLE   647,542 0 0
GLOBAL HIGH INCOME FUND INC COM 37933G108 3,087 355,232 SH   SOLE   355,232 0 0
GP INVTS ACQUISITION COR SHS G40357124 703 72,301 SH   SOLE   72,301 0 0
HARMONY MERGER CORP COM 413247107 891 90,000 SH   SOLE   90,000 0 0
HARMONY MERGER CORP UNIT 99/99/9999 413247206 764 75,000 SH   SOLE   75,000 0 0
HARVEST NATURAL RESOURCES IN COM 41754V103 127 210,807 SH   SOLE   210,807 0 0
HEARTLAND PMT SYS INC COM 42235N108 1,449 15,000 SH   SOLE   15,000 0 0
HENNESSY CAP ACQUISITION COR COM 42588J100 1,162 120,000 SH   SOLE   120,000 0 0
HF FINL CORP COM 404172108 545 30,272 SH   SOLE   30,272 0 0
HYDRA INDS ACQUISITION CORP COM 448740100 1,719 174,349 SH   SOLE   174,349 0 0
INGRAM MICRO INC CL A 457153104 3,998 111,337 SH   SOLE   111,337 0 0
INTRAWEST RESORTS HLDGS INC COM 46090K109 123 14,391 SH   SOLE   14,391 0 0
ITC HLDGS CORP COM 465685105 1,307 30,000 SH   SOLE   30,000 0 0
JARDEN CORP COM 471109108 27,548 467,313 SH   SOLE   467,313 0 0
KLA-TENCOR CORP COM 482480100 15,119 207,649 SH   SOLE   207,649 0 0
KOPIN CORP COM 500600101 39 23,746 SH   SOLE   23,746 0 0
LAPORTE BANCORP INC MD COM 516651106 1,109 70,390 SH   SOLE   70,390 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 460 92,538 SH   SOLE   92,538 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 1,494 38,797 SH   SOLE   38,797 0 0
LMP REAL ESTATE INCOME FD IN COM 50208C108 5,966 437,410 SH   SOLE   437,410 0 0
LUNA INNOVATIONS COM 550351100 36 34,483 SH   SOLE   34,483 0 0
MANAGED HIGH YIELD PLUS FD I COM 561911108 1,322 742,810 SH   SOLE   742,810 0 0
MEDIA GEN INC NEW COM 58441K100 2,608 159,893 SH   SOLE   159,893 0 0
MODUSLINK GLOBAL SOLUTIONS I COM NEW 60786L206 103 69,804 SH   SOLE   69,804 0 0
MONARCH FINANCIAL HOLDINGS I COM 60907Q100 1,361 81,919 SH   SOLE   81,919 0 0
MORGANS HOTEL GROUP CO COM 61748W108 26 19,100 SH   SOLE   19,100 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 1,908 374,904 SH   SOLE   374,904 0 0
NEW MTN FIN CORP COM 647551100 483 38,224 SH   SOLE   38,224 0 0
NUVEEN DIVERSIFIED COMMODTY COM UT BEN INT 67074P104 1,233 138,390 SH   SOLE   138,390 0 0
NUVEEN DIVID ADVANTAGE MUN I COM 67071L106 453 29,882 SH   SOLE   29,882 0 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 410 29,565 SH   SOLE   29,565 0 0
NUVEEN LG/SHT COMMODITY TOTR COM UT BEN INT 670731108 2,064 137,073 SH   SOLE   137,073 0 0
NUVEEN MUN ADVANTAGE FD INC COM 67062H106 648 45,157 SH   SOLE   45,157 0 0
NUVEEN QUALITY MUN FD INC COM 67062N103 277 19,456 SH   SOLE   19,456 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106 1,422 121,572 SH   SOLE   121,572 0 0
PLANET PAYMENT INC SHS U72603118 165 46,802 SH   SOLE   46,802 0 0
PRISM TECHNOLOGIES GROUP INC COM 74273Y100 40 132,586 SH   SOLE   132,586 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 2,267 30,000 SH   SOLE   30,000 0 0
QLT INC COM 746927102 420 211,114 SH   SOLE   211,114 0 0
QUINPARIO ACQUISITION CORP 2 COM 74874U101 2,385 243,850 SH   SOLE   243,850 0 0
REALNETWORKS INC COM NEW 75605L708 165 40,670 SH   SOLE   40,670 0 0
REAVES UTIL INCOME FD COM SH BEN INT 756158101 4,138 138,019 SH   SOLE   138,019 0 0
RENTECH INC COM NEW 760112201 233 104,874 SH   SOLE   104,874 0 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 6,461 487,645 SH   SOLE   487,645 0 0
SAMSON OIL & GAS LTD SPON ADR NEW 796043206 12 14,119 SH   SOLE   14,119 0 0
SANDISK CORP COM 80004C101 10,271 135,000 SH   SOLE   135,000 0 0
SANOFI RIGHT 12/31/2020 80105N113 18 155,177 SH   SOLE   155,177 0 0
SCHOLASTIC CORP COM 807066105 1,965 52,585 SH   SOLE   52,585 0 0
SOUTHCOAST FINANCIAL CORP COM 84129R100 221 16,900 SH   SOLE   16,900 0 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 6,438 77,163 SH   SOLE   77,163 0 0
STRATEGIC GLOBAL INCOME FD COM 862719101 1,740 195,267 SH   SOLE   195,267 0 0
TALMER BANCORP INC COM 87482X101 1,628 90,000 SH   SOLE   90,000 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829 388 12,891 SH   SOLE   12,891 0 0
THE ADT CORPORATION COM 00101J106 3,534 85,647 SH   SOLE   85,647 0 0
TIME WARNER CABLE INC COM 88732J207 10,077 49,246 SH   SOLE   49,246 0 0
TIVO INC COM 888706108 212 22,300 SH   SOLE   22,300 0 0
TRANS WORLD ENTMT CORP COM 89336Q100 38 10,400 SH   SOLE   10,400 0 0
VIACOM INC NEW CL B 92553P201 3,302 80,001 SH   SOLE   80,001 0 0
VIDEOCON D2H LTD ADR 92657J101 552 74,981 SH   SOLE   74,981 0 0
WILSHIRE BANCORP INC COM 97186T108 1,985 192,713 SH   SOLE   192,713 0 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 1,636 124,592 SH   SOLE   124,592 0 0
WRIGHT MED GROUP N V RIGHT 03/01/2019 N96617126 48 38,308 SH   SOLE   38,308 0 0
YAHOO INC COM 984332106 7,709 209,425 SH   SOLE   209,425 0 0
YOUKU TUDOU INC SPONSORED ADR 98742U100 12,350 449,257 SH   SOLE   449,257 0 0
ZYNGA INC CL A 98986T108 138 60,500 SH   SOLE   60,500 0 0