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
A H BELO CORP COM CL A 001282102 221 35,942 SH   SOLE   221 0 0
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 131 15,555 SH   SOLE   131 0 0
ALLERGAN PLC SHS G0177J108 1,478 6,185 SH   SOLE   1,478 0 0
ALLIED WRLD ASSUR COM HLDG A SHS H01531104 19,178 361,164 SH   SOLE   19,178 0 0
ANDINA ACQUISITION CORP II SHS G0441P112 2,020 187,500 SH   SOLE   2,020 0 0
AVENUE INCOME CR STRATEGIES COM 05358E106 188 13,492 SH   SOLE   188 0 0
AVISTA HEALTHCARE PUB ACQ CO UNIT 99/99/9999 G0726L109 1,548 150,000 SH   SOLE   1,548 0 0
AXAR ACQUISITION CORP *W EXP 12/31/202 05455L110 11 142,500 SH   SOLE   11 0 0
B/E AEROSPACE INC COM 073302101 11,995 187,096 SH   SOLE   11,995 0 0
BARINGTON HILCO ACQUISITION COM 06759V101 2,802 274,740 SH   SOLE   2,802 0 0
BOULEVARD ACQUISITION UNIT 99/99/9999 10157Q201 5,424 519,500 SH   SOLE   5,424 0 0
BOULEVARD ACQUISITION CL A 10157Q102 384 38,319 SH   SOLE   384 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 1,936 155,120 SH   SOLE   1,936 0 0
CABELAS INC COM 126804301 2,597 48,900 SH   SOLE   2,597 0 0
CARDINAL FINL CORP COM 14149F109 431 14,397 SH   SOLE   431 0 0
CASCADE BANCORP COM NEW 147154207 2,517 326,500 SH   SOLE   2,517 0 0
CENTRUE FINL CORP NEW COM NEW 15643B205 2,704 103,690 SH   SOLE   2,704 0 0
CLOUGH GLOBAL EQUITY FD COM 18914C100 637 50,430 SH   SOLE   637 0 0
CLUBCORP HLDGS INC COM 18948M108 1,242 77,402 SH   SOLE   1,242 0 0
CORNERSTONE STRATEGIC VALUE COM 21924B302 2,899 179,187 SH   SOLE   2,899 0 0
COTY INC COM CL A 222070203 2,507 138,294 SH   SOLE   2,507 0 0
CROSSROADS CAP INC COM 227656105 346 151,028 SH   SOLE   346 0 0
CST BRANDS INC COM 12646R105 2,419 50,309 SH   SOLE   2,419 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 826 80,024 SH   SOLE   826 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 1,124 17,539 SH   SOLE   1,124 0 0
DEPOMED INC COM 249908104 190 15,100 SH   SOLE   190 0 0
DIGITALGLOBE INC COM NEW 25389M877 1,590 48,548 SH   SOLE   1,590 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 3,203 110,091 SH   SOLE   3,203 0 0
DIVIDEND & INCOME FUND COM NEW 25538A204 256 21,188 SH   SOLE   256 0 0
DOUBLE EAGLE ACQUISITION COR UNIT 99/99/9999 G28195108 4,684 444,000 SH   SOLE   4,684 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 803 10,000 SH   SOLE   803 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 3,197 39,800 SH Call SOLE   3,197 0 0
ELECTRUM SPL ACQUISITION COR SHS G3105C104 1,288 129,645 SH   SOLE   1,288 0 0
ENDOCYTE INC COM 29269A102 36 14,200 SH   SOLE   36 0 0
FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 861 51,854 SH   SOLE   861 0 0
FIDELITY & GTY LIFE COM 315785105 1,010 36,320 SH   SOLE   1,010 0 0
FIDELITY NATIONAL FINANCIAL FNFV GROUP COM 31620R402 233 17,563 SH   SOLE   233 0 0
FINTECH ACQUISITION CORP II UNIT 99/99/9999 31810G208 828 81,200 SH   SOLE   828 0 0
FIRSTHAND TECH VALUE FD INC COM 33766Y100 198 24,839 SH   SOLE   198 0 0
GABELLI EQUITY TR INC COM 362397101 1,723 288,608 SH   SOLE   1,723 0 0
GAS NAT INC COM 367204104 567 44,680 SH   SOLE   567 0 0
GP INVTS ACQUISITION COR SHS G40357124 720 72,301 SH   SOLE   720 0 0
GREAT ELM CAP CORP COM 390320109 199 17,500 SH   SOLE   199 0 0
HARMONY MERGER CORP UNIT 99/99/9999 413247206 814 75,000 SH   SOLE   814 0 0
HARMONY MERGER CORP COM 413247107 7,943 778,000 SH   SOLE   7,943 0 0
HARVEST NATURAL RESOURCES IN COM NEW 41754V202 1,759 264,963 SH   SOLE   1,759 0 0
HEADWATERS INC COM 42210P102 742 31,600 SH   SOLE   742 0 0
HERITAGE OAKS BANCORP COM 42724R107 775 58,080 SH   SOLE   775 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 948 40,000 SH   SOLE   948 0 0
JPMORGAN CHINA REGION FD INC COM 48126T104 4,267 232,788 SH   SOLE   4,267 0 0
KOPIN CORP COM 500600101 53 13,046 SH   SOLE   53 0 0
KOREA EQUITY FD INC COM 50063B104 1,029 117,150 SH   SOLE   1,029 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 505 92,538 SH   SOLE   505 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 1,737 48,421 SH   SOLE   1,737 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 1,715 77,104 SH   SOLE   1,715 0 0
LOEWS CORP COM 540424108 8,550 182,800 SH   SOLE   8,550 0 0
LUNA INNOVATIONS COM 550351100 60 34,483 SH   SOLE   60 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 7,875 88,401 SH   SOLE   7,875 0 0
MERCHANTS BANCSHARES COM 588448100 997 20,465 SH   SOLE   997 0 0
MERRIMACK PHARMACEUTICALS IN COM 590328100 765 248,420 SH   SOLE   765 0 0
MIDDLEBURG FINANCIAL CORP COM 596094102 3,205 80,056 SH   SOLE   3,205 0 0
MOBILEYE N V AMSTELVEEN ORD SHS N51488117 3,524 57,400 SH   SOLE   3,524 0 0
MODUSLINK GLOBAL SOLUTIONS I COM NEW 60786L206 126 69,804 SH   SOLE   126 0 0
MONSANTO CO NEW COM 61166W101 1,132 10,000 SH   SOLE   1,132 0 0
NEW YORK REIT INC COM 64976L109 1,744 179,931 SH   SOLE   1,744 0 0
NORSAT INTL INC NEW COM NEW 656512209 789 78,891 SH   SOLE   789 0 0
NOVELION THERAPEUTICS INC COM NEW 67001K202 391 36,428 SH   SOLE   391 0 0
NXP SEMICONDUCTORS N V COM N6596X109 6,180 59,710 SH   SOLE   6,180 0 0
OFS CAP CORP COM 67103B100 710 50,000 SH   SOLE   710 0 0
ORIGO ACQUISITION CORP SHS G67789126 3,230 309,070 SH   SOLE   3,230 0 0
PACHOLDER HIGH YIELD FD INC COM 693742108 439 56,831 SH   SOLE   439 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 4,278 174,614 SH   SOLE   4,278 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106 670 48,044 SH   SOLE   670 0 0
REALNETWORKS INC COM NEW 75605L708 128 26,522 SH   SOLE   128 0 0
REAVES UTIL INCOME FD COM SH BEN INT 756158101 347 10,700 SH   SOLE   347 0 0
RENTECH INC COM NEW 760112201 66 131,249 SH   SOLE   66 0 0
REYNOLDS AMERICAN INC COM 761713106 11,895 188,756 SH   SOLE   11,895 0 0
RITE AID CORP COM 767754104 4,734 1,113,952 SH   SOLE   4,734 0 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 6,034 475,138 SH   SOLE   6,034 0 0
SAMSON OIL & GAS LTD SPON ADR NEW 796043206 8 14,119 SH   SOLE   8 0 0
SANOFI RIGHT 12/31/2020 80105N113 70 155,177 SH   SOLE   70 0 0
SOUTHWEST BANCORP INC OKLA COM 844767103 1,487 56,867 SH   SOLE   1,487 0 0
STILLWATER MNG CO COM 86074Q102 4,902 283,863 SH   SOLE   4,902 0 0
SUFFOLK BANCORP COM 864739107 9,702 240,089 SH   SOLE   9,702 0 0
SYMANTEC CORP COM 871503108 217 7,082 SH   SOLE   217 0 0
SYNGENTA AG SPONSORED ADR 87160A100 12,643 142,859 SH   SOLE   12,643 0 0
TIME WARNER INC COM NEW 887317303 16,132 165,100 SH   SOLE   16,132 0 0
TRANS WORLD ENTMT CORP COM 89336Q100 18 10,400 SH   SOLE   18 0 0
TRIBUNE MEDIA CO CL A 896047503 727 19,500 SH   SOLE   727 0 0
TURKISH INVT FD INC COM 900145103 142 17,089 SH   SOLE   142 0 0
VCA INC COM 918194101 4,653 50,849 SH   SOLE   4,653 0 0
VIACOM INC NEW CL B 92553P201 320 6,869 SH   SOLE   320 0 0
VIDEOCON D2H LTD ADR 92657J101 189 16,423 SH   SOLE   189 0 0
WELLS FARGO MULTI SECTOR INC COM 94987D101 535 40,100 SH   SOLE   535 0 0
WESTAR ENERGY INC COM 95709T100 4,414 81,337 SH   SOLE   4,414 0 0
WESTERN REFNG INC COM 959319104 13,380 381,522 SH   SOLE   13,380 0 0
WHITEWAVE FOODS CO COM 966244105 10,405 185,300 SH   SOLE   10,405 0 0
WHITEWAVE FOODS CO COM 966244105 1,808 32,200 SH Put SOLE   1,808 0 0
WRIGHT MED GROUP N V RIGHT 03/01/2019 N96617126 59 38,308 SH   SOLE   59 0 0
YAHOO INC COM 984332106 17,173 370,020 SH   SOLE   17,173 0 0
ZELTIQ AESTHETICS INC COM 98933Q108 1,390 25,000 SH   SOLE   1,390 0 0