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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Aberdeen Total Dynamic Dividend Fund COM SH BEN INT 00326L100   2,350,146 280,447 SH   SOLE   280,447 0 0
Annaly Capital Management Inc COM NEW 035710839   13,649,146 679,400 SH   SOLE   679,400 0 0
Arlington Asset Investment Corp CL A NEW 041356205   672,631 145,907 SH   SOLE   145,907 0 0
Barings BDC Inc COM 06759L103   5,071,389 607,352 SH   SOLE   607,352 0 0
Barings Participation Investors SH BEN INT 06761A103   3,625,464 272,182 SH   SOLE   272,182 0 0
BlackRock California Municipal Income Trust SH BEN INT 09248E102   8,559,203 738,499 SH   SOLE   738,499 0 0
BlackRock Capital Investment Corp COM 092533108   1,702,609 470,334 SH   SOLE   470,334 0 0
BlackRock ESG Capital Allocation Term Trust SHS BEN INT 09262F100   17,391,055 1,086,262 SH   SOLE   1,086,262 0 0
BlackRock Resources & Commodities Strategy Trust SHS 09257A108   1,473,895 149,634 SH   SOLE   149,634 0 0
Blackstone Senior Floating Rate 2027 Term Fund COM 09256U105   383,563 29,302 SH   SOLE   29,302 0 0
Blackstone Strategic Credit 2027 Term Fund COM SHS BEN IN 09257R101   683,996 61,400 SH   SOLE   61,400 0 0
BNY Mellon Municipal Income Inc COM 05589T104   941,062 147,271 SH   SOLE   147,271 0 0
BrightSpire Capital Inc COM CL A 10949T109   6,545,962 889,397 SH   SOLE   889,397 0 0
Calamos Long/Short Equity & Dynamic Income Trust COM 12812C106   1,371,426 87,130 SH   SOLE   87,130 0 0
Center Coast Brookfield MLP & Energy Infrastructure Fund SHS BEN INT 151461209   6,115,076 295,700 SH   SOLE   295,700 0 0
Central Securities Corp COM 155123102   1,089,556 29,376 SH   SOLE   29,376 0 0
Citigroup Inc COM NEW 172967424   214,470 4,500 SH   SOLE   4,500 0 0
ClearBridge Energy Midstream Opportunity Fund Inc COM 18469P209   1,152,273 35,874 SH   SOLE   35,874 0 0
ClearBridge MLP & Midstream Total Return Fund Inc COM 18469Q207   4,954,262 146,706 SH   SOLE   146,706 0 0
Clough Global Dividend and Income Fund COM 18913Y103   1,078,226 188,205 SH   SOLE   188,205 0 0
Clough Global Opportunities Fund SH BEN INT 18914E106   67,408 13,140 SH   SOLE   13,140 0 0
DTF Tax-Free Income 2028 Term Fund Inc COM 23334J107   690,548 62,493 SH   SOLE   62,493 0 0
DWS Strategic Municipal Income Trust COM 23342Q101   783,822 92,106 SH   SOLE   92,106 0 0
Dynex Capital Inc COM 26817Q886   260,582 19,968 SH   SOLE   19,968 0 0
Eaton Vance California Municipal Bond Fund COM 27828A100   3,219,497 360,526 SH   SOLE   360,526 0 0
Eaton Vance California Municipal Income Trust SH BEN INT 27826F101   934,491 91,887 SH   SOLE   91,887 0 0
Eaton Vance Ltd Duration Income Fund COM 27828H105   828,087 87,167 SH   SOLE   87,167 0 0
Eaton Vance New York Municipal Bond Fund COM 27827Y109   4,379,531 451,498 SH   SOLE   451,498 0 0
Ecofin Sustainable and Social COM SH BEN INT 27901F109   421,360 32,613 SH   SOLE   32,613 0 0
Ellington Residential Mortgage REIT COM SHS BEN INT 288578107   308,257 42,343 SH   SOLE   42,343 0 0
First Trust Dynamic Europe Equity Income Fund COM SHS 33740D107   233,721 17,198 SH   SOLE   17,198 0 0
FS Credit Opportunities Corp COMMON STOCK 30290Y101   1,036,300 205,615 SH   SOLE   205,615 0 0
General American Investors Co Inc COM 368802104   4,684,601 109,864 SH   SOLE   109,864 0 0
Goldman Sachs MLP Energy and Renaissance Fund COM 38148G206   2,492,925 159,089 SH   SOLE   159,089 0 0
Great Ajax Corp 7.25 CV SR NT 24 38983D409   19,367,480 786,337 SH   SOLE   786,337 0 0
Great Ajax Corp COM 38983D300   4,969,442 720,209 SH   SOLE   720,209 0 0
Highland Opportunities and Income Fund HIGHLAND INCOME 43010E404   187,884 22,078 SH   SOLE   22,078 0 0
Japan Smaller Capitalization Fund Inc COM 47109U104   589,474 79,124 SH   SOLE   79,124 0 0
Kayne Anderson NextGen Energy & Infrastructure Inc COM 48661E108   687,595 91,193 SH   SOLE   91,193 0 0
Ladder Capital Corp CL A 505743104   494,891 45,031 SH   SOLE   45,031 0 0
Mexico Equity and Income Fund Inc/The COM 592834105   274,487 25,653 SH   SOLE   25,653 0 0
Mexico Fund Inc/The COM 592835102   2,521,712 140,329 SH   SOLE   140,329 0 0
MFA Financial Inc COM 55272X607   2,482,503 220,471 SH   SOLE   220,471 0 0
MFS Investment Grade Municipal Trust SH BEN INT 59318B108   3,906,517 513,340 SH   SOLE   513,340 0 0
MGIC Investment Corp COM 552848103   844,131 50,426 SH   SOLE   50,426 0 0
Miller/Howard High Dividend Fund COM SHS BEN IN 600379101   10,633,312 1,014,629 SH   SOLE   1,014,629 0 0
Morgan Stanley China A Share Fund Inc COM 617468103   657,612 48,425 SH   SOLE   48,425 0 0
Morgan Stanley Emerging Markets Domestic Debt Fund Inc COM 617477104   1,597,998 326,122 SH   SOLE   326,122 0 0
Morgan Stanley India Investment Fund Inc COM 61745C105   2,408,333 107,037 SH   SOLE   107,037 0 0
Neuberger Berman California Municipal Fund Inc COM 64123C101   733,364 67,716 SH   SOLE   67,716 0 0
Neuberger Berman New York Municipal Fund Inc COM 64124K102   244,718 25,412 SH   SOLE   25,412 0 0
New America High Income Fund Inc/The COM NEW 641876800   2,209,225 324,886 SH   SOLE   324,886 0 0
New York Mortgage Trust Inc COM 649604840   4,149,777 408,845 SH   SOLE   408,845 0 0
Nicholas Financial Inc COM NEW 65373J209   504,818 103,024 SH   SOLE   103,024 0 0
Nuveen Core Plus Impact Fund COM BEN INT 67080D103   13,994,536 1,378,772 SH   SOLE   1,378,772 0 0
Nuveen Corporate Income 2023 Target Term Fund COM 67079F101   3,883,170 413,984 SH   SOLE   413,984 0 0
Nuveen Floating Rate Income Fund/Closed-end Fund COM 67072T108   88,403 10,941 SH   SOLE   10,941 0 0
Nuveen Floating Rate Income Opportunity Fund COM SHS 6706EN100   596,106 75,648 SH   SOLE   75,648 0 0
Nuveen Pennsylvania Quality Municipal Income Fund COM 670972108   1,604,306 141,974 SH   SOLE   141,974 0 0
Nuveen Preferred & Income Opportunities Fund COM 67073B106   355,846 53,916 SH   SOLE   53,916 0 0
Nuveen Preferred & Income Term Fund COM 67075A106   864,857 49,056 SH   SOLE   49,056 0 0
Nuveen Senior Income Fund COM 67067Y104   1,055,406 229,436 SH   SOLE   229,436 0 0
Nuveen Short Duration Credit Opportunities Fund COM 67074X107   1,507,559 129,962 SH   SOLE   129,962 0 0
NXG NextGen Infrastructure Income Fund COM 231647207   3,478,880 87,784 SH   SOLE   87,784 0 0
PennyMac Corp NOTE 5.500% 3/1 70932AAF0   444,165 500,000 PRN   SOLE   500,000 0 0
PGIM Short Duration High Yield Opportunities Fund COM 69355J104   2,806,733 183,807 SH   SOLE   183,807 0 0
PhenixFIN Corp COM 71742W103   552,302 15,337 SH   SOLE   15,337 0 0
PIMCO Energy & Tactical Credit Opportunities Fund COM SHS BEN INT 69346N107   1,051,666 62,786 SH   SOLE   62,786 0 0
Radian Group Inc COM 750236101   890,279 33,059 SH   SOLE   33,059 0 0
Reading International Inc CL A 755408101   992,114 372,975 SH   SOLE   372,975 0 0
REDWOOD TRUST INC NOTE 7.750% 6/1 758075AF2   1,841,620 2,000,000 PRN   SOLE   2,000,000 0 0
Safeguard Scientifics Inc COM NEW 786449207   1,226,813 796,632 SH   SOLE   796,632 0 0
Special Opportunities Fund Inc COM 84741T104   315,375 27,258 SH   SOLE   27,258 0 0
SRH Total Return Fund Inc COM 101507101   1,821,799 132,881 SH   SOLE   132,881 0 0
Taiwan Fund Inc/The/MD COM 874036106   2,214,181 66,452 SH   SOLE   66,452 0 0
Templeton Global Income Fund COM 880198106   10,639,603 2,480,094 SH   SOLE   2,480,094 0 0
Tiptree Inc COM 88822Q103   193,782 13,120 SH   SOLE   13,120 0 0
Tortoise Energy Infrastructure Corp COM 89147L886   2,620,439 85,273 SH   SOLE   85,273 0 0
Tortoise Midstream Energy Fund Inc COM 89148B200   5,936,777 166,623 SH   SOLE   166,623 0 0
Tortoise Pipeline & Energy Fund Inc COM 89148H207   471,670 16,131 SH   SOLE   16,131 0 0
Two Harbors Investment Corp NOTE 6.250% 1/1 90187BAB7   3,871,198 4,250,000 PRN   SOLE   4,250,000 0 0
Two Harbors Investment Corp COM 90187B804   386,811 28,845 SH   SOLE   28,845 0 0
Velocity Financial Inc COM 92262D101   150,046 12,120 SH   SOLE   12,120 0 0
VMware Inc CL A COM 928563402   750,634 4,762 SH   SOLE   4,762 0 0
Voya Infrastructure Industrials and Materials Fund COM 92912X101   781,279 75,926 SH   SOLE   75,926 0 0
Western Asset Inflation-Linked Opportunities & Income Fund COM 95766R104   2,416,250 270,274 SH   SOLE   270,274 0 0
Western Asset Intermediate Muni Fund Inc COM 958435109   503,118 65,425 SH   SOLE   65,425 0 0
Western Asset Investment Grade Defined Opportunity Trust Inc COM 95790A101   216,578 13,118 SH   SOLE   13,118 0 0
Western Asset Mortgage Capital Corp NOTE 6.750% 9/1 95790DAD7   2,565,475 2,750,000 PRN   SOLE   2,750,000 0 0
Western Asset Mortgage Capital Corp COM 95790D204   245,567 24,855 SH   SOLE   24,855 0 0
Wheeler Real Estate Investment Trust Inc PFD CNV SER D 963025606   1,512,780 129,187 SH   SOLE   129,187 0 0
WHEELER REIT INC 7% SR NT 31 963025804   263,600 5,272 SH   SOLE   5,272 0 0