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
HANNON ARMSTRONG SUST INFR C NOTE 4.125% 9/0 41068XAB6 1,155 1,203,000 PRN   DFND   0 1,203,000 0
ROYAL GOLD INC NOTE 2.875% 6/1 780287AA6 300 284,000 PRN   DFND   0 284,000 0
ADVANCED MICRO DEVICES INC COM 007903107 1,493 99,584 SH   DFND   0 99,584 0
AEGON N V NY REGISTRY SH 007924103 81 13,630 SH   DFND   0 13,630 0
ALAMOS GOLD INC NEW COM CL A 011532108 4,560 801,436 SH   DFND   0 801,436 0
ANALOG DEVICES INC COM 032654105 252 2,632 SH   DFND   0 2,632 0
APOLLO SR FLOATING RATE FD I COM 037636107 865 52,964 SH   DFND   0 52,964 0
ASSOCIATED CAP GROUP INC CL A 045528106 1,883 49,606 SH   DFND   0 49,606 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,340 7,181 SH   DFND   0 7,181 0
BLACKROCK CR ALLCTN INC TR COM 092508100 10,466 866,387 SH   DFND   0 866,387 0
BOULDER GROWTH & INCOME FD I COM 101507101 472 45,962 SH   DFND   0 45,962 0
COLGATE PALMOLIVE CO COM 194162103 791 12,200 SH   DFND   0 12,200 0
CONSOLIDATED EDISON INC COM 209115104 614 7,871 SH   DFND   0 7,871 0
DTE ENERGY CO COM 233331107 694 6,695 SH   DFND   0 6,695 0
DISNEY WALT CO COM DISNEY 254687106 4,495 42,888 SH   DFND   0 42,888 0
FASTENAL CO COM 311900104 1,063 22,088 SH   DFND   0 22,088 0
FRANKLIN UNVL TR SH BEN INT 355145103 11,254 1,684,657 SH   DFND   0 1,684,657 0
GDL FUND COM SH BEN IT 361570104 3,232 352,095 SH   DFND   0 352,095 0
GENERAL MLS INC COM 370334104 314 7,104 SH   DFND   0 7,104 0
GLOBAL WTR RES INC COM 379463102 3,579 380,797 SH   DFND   0 380,797 0
HANESBRANDS INC COM 410345102 5,333 242,201 SH   DFND   0 242,201 0
HOME DEPOT INC COM 437076102 227 1,161 SH   DFND   0 1,161 0
INTERNATIONAL BUSINESS MACHS COM 459200101 292 2,089 SH   DFND   0 2,089 0
ISHARES TR TIPS BD ETF 464287176 549 4,866 SH   DFND   0 4,866 0
ISHARES TR 20 YR TR BD ETF 464287432 457 3,755 SH   DFND   0 3,755 0
ISHARES TR BARCLAYS 7 10 YR 464287440 3,442 33,581 SH   DFND   0 33,581 0
ISHARES TR 1 3 YR TREAS BD 464287457 3,525 42,283 SH   DFND   0 42,283 0
KENNEDY-WILSON HLDGS INC COM 489398107 14,601 690,357 SH   DFND   0 690,357 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 3,504 82,902 SH   DFND   0 82,902 0
LEXINGTON REALTY TRUST COM 529043101 5,048 578,188 SH   DFND   0 578,188 0
LIFEWAY FOODS INC COM 531914109 1,452 288,731 SH   DFND   0 288,731 0
MFS GOVT MKTS INCOME TR SH BEN INT 552939100 196 43,645 SH   DFND   0 43,645 0
MCDONALDS CORP COM 580135101 711 4,536 SH   DFND   0 4,536 0
NEW SR INVT GROUP INC COM 648691103 5,094 672,894 SH   DFND   0 672,894 0
NOKIA CORP SPONSORED ADR 654902204 6,172 1,073,402 SH   DFND   0 1,073,402 0
NUVEEN MICHIGAN QLT MUN INC COM 670979103 1,567 123,807 SH   DFND   0 123,807 0
OMNICOM GROUP INC COM 681919106 6,227 81,648 SH   DFND   0 81,648 0
PEPSICO INC COM 713448108 626 5,754 SH   DFND   0 5,754 0
PROCTER AND GAMBLE CO COM 742718109 693 8,882 SH   DFND   0 8,882 0
ROYAL GOLD INC COM 780287108 214 2,310 SH   DFND   0 2,310 0
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 7,686 146,876 SH   DFND   0 146,876 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 14,240 286,292 SH   DFND   0 286,292 0
SCHWAB STRATEGIC TR US TIPS ETF 808524870 17,380 316,526 SH   DFND   0 316,526 0
TEMPLETON GLOBAL INCOME FD COM 880198106 8,588 1,398,678 SH   DFND   0 1,398,678 0
U S GLOBAL INVS INC CL A 902952100 1,082 672,285 SH   DFND   0 672,285 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 301 5,011 SH   DFND   0 5,011 0
WHEATON PRECIOUS METALS CORP COM 962879102 5,033 228,136 SH   DFND   0 228,136 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 172 12,796 SH   DFND   0 12,796 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 378 34,407 SH   DFND   0 34,407 0
ARRAY BIOPHARMA INC COM 04269X105 3,726 222,053 SH   DFND   0 222,053 0
BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 4,867 426,576 SH   DFND   0 426,576 0
BRIXMOR PPTY GROUP INC COM 11120U105 8,817 505,828 SH   DFND   0 505,828 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 1,662 220,423 SH   DFND   0 220,423 0
COTT CORP QUE COM 22163N106 3,481 210,311 SH   DFND   0 210,311 0
ETF SER SOLUTIONS US GBL GLD PRE 26922A719 930 73,072 SH   DFND   0 73,072 0
EATON VANCE MI MUNI INCOME T SH BEN INT 27826D106 1,281 99,352 SH   DFND   0 99,352 0
EATON VANCE SR INCOME TR SH BEN INT 27826S103 296 46,376 SH   DFND   0 46,376 0
EVERSOURCE ENERGY COM 30040W108 1,638 27,954 SH   DFND   0 27,954 0
FRANKLIN STREET PPTYS CORP COM 35471R106 5,057 590,802 SH   DFND   0 590,802 0
GABELLI HLTHCARE & WELLNESS SHS 36246K103 375 37,469 SH   DFND   0 37,469 0
GLOBAL SELF STORAGE INC COM 37955N106 1,902 458,364 SH   DFND   0 458,364 0
GREAT PANTHER SILVER LTD COM 39115V101 4,871 4,163,174 SH   DFND   0 4,163,174 0
HANNON ARMSTRONG SUST INFR C COM 41068X100 4,131 209,162 SH   DFND   0 209,162 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 5,253 452,096 SH   DFND   0 452,096 0
ISHARES TR 0-5 YR TIPS ETF 46429B747 326 3,268 SH   DFND   0 3,268 0
KIMCO RLTY CORP COM 49446R109 6,054 356,355 SH   DFND   0 356,355 0
MFS INTER INCOME TR SH BEN INT 55273C107 1,276 330,671 SH   DFND   0 330,671 0
MEDICAL PPTYS TRUST INC COM 58463J304 9,391 668,886 SH   DFND   0 668,886 0
MERCK & CO INC COM 58933Y105 6,494 106,991 SH   DFND   0 106,991 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 352 21,676 SH   DFND   0 21,676 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 556 32,542 SH   DFND   0 32,542 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 10,789 1,357,051 SH   DFND   0 1,357,051 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 3,131 330,650 SH   DFND   0 330,650 0
PIMCO ETF TR 25YR+ ZERO U S 72201R882 4,169 36,141 SH   DFND   0 36,141 0
REGENERON PHARMACEUTICALS COM 75886F107 3,743 10,850 SH   DFND   0 10,850 0
SPDR SERIES TRUST PORTFOLIO LN TSR 78464A664 4,253 121,413 SH   DFND   0 121,413 0
SANDSTORM GOLD LTD COM NEW 80013R206 6,626 1,472,492 SH   DFND   0 1,472,492 0
SEQUENTIAL BRNDS GROUP INC N COM 81734P107 2,111 1,071,575 SH   DFND   0 1,071,575 0
SPECIAL OPPORTUNITIES FD INC COM 84741T104 750 49,935 SH   DFND   0 49,935 0
SPECIAL OPPORTUNITIES FD INC PFD CONV SE B 84741T302 492 19,261 SH   DFND   0 19,261 0
SPIRIT RLTY CAP INC NEW COM 84860W102 7,005 872,345 SH   DFND   0 872,345 0
TEMPLETON DRAGON FD INC COM 88018T101 207 9,698 SH   DFND   0 9,698 0
UNITEDHEALTH GROUP INC COM 91324P102 372 1,518 SH   DFND   0 1,518 0
UNITI GROUP INC COM 91325V108 6,359 317,485 SH   DFND   0 317,485 0
VEREIT INC COM 92339V100 7,039 946,096 SH   DFND   0 946,096 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 3,570 146,847 SH   DFND   0 146,847 0
VOYA PRIME RATE TR SH BEN INT 92913A100 6,535 1,299,252 SH   DFND   0 1,299,252 0
INGERSOLL-RAND PLC SHS G47791101 230 2,567 SH   DFND   0 2,567 0
ABERDEEN ASIA PACIFIC INCOM COM 003009107 689 159,548 SH   DFND   0 159,548 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,128 4 SH   DFND   0 4 0
CITRIX SYS INC COM 177376100 210 2,000 SH   DFND   0 2,000 0
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 1,145 44,264 SH   DFND   0 44,264 0
NUVEEN MUN VALUE FD INC COM 670928100 287 30,000 SH   DFND   0 30,000 0
AGIOS PHARMACEUTICALS INC COM 00847X104 2,464 29,258 SH   DFND   0 29,258 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 94 14,750 SH   DFND   0 14,750 0
BLACKROCK INCOME TR INC COM 09247F100 127 21,853 SH   DFND   0 21,853 0
BLACKROCK MUN INCOME TR SH BEN INT 09248F109 238 18,500 SH   DFND   0 18,500 0
BLACKROCK MUNIYIELD FD INC COM 09253W104 253 19,000 SH   DFND   0 19,000 0
BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 207 16,000 SH   DFND   0 16,000 0
INVESCO SR INCOME TR COM 46131H107 4,368 1,020,552 SH   DFND   0 1,020,552 0
VANGUARD SCOTTSDALE FDS INTER TERM TREAS 92206C706 410 6,545 SH   DFND   0 6,545 0
WESTERN ASST MNGD MUN FD INC COM 95766M105 266 21,000 SH   DFND   0 21,000 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 762 45,499 SH   DFND   0 45,499 0