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
1347 CAP CORP RIGHT 07/21/2016 68245V111 84 252,484 SH   SOLE   252,484 0 0
1347 CAP CORP *W EXP 07/15/202 68245V129 49 252,484 SH   SOLE   252,484 0 0
1347 CAPITAL CORP COM 68245V103 2,497 252,484 SH   SOLE   252,484 0 0
ABERDEEN SINGAPORE FD INC COM 003244100 129 14,400 SH   SOLE   14,400 0 0
ADAMS EXPRESS COMPANY COM 006212104 2,120 166,914 SH   SOLE   166,914 0 0
ADVENT/CLAYMORE ENH GR & INC COM 00765E104 12,036 1,467,024 SH   SOLE   1,467,024 0 0
ANDINA ACQUISITION CORP II SHS G0441P104 1,979 204,285 SH   SOLE   204,285 0 0
ANDINA ACQUISITION CORP II RIGHT 09/01/2017 G0441P120 48 204,258 SH   SOLE   204,258 0 0
ANDINA ACQUISITION CORP II *W EXP 11/23/202 G0441P138 20 204,285 SH   SOLE   204,285 0 0
AR CAPITAL ACQUISITION-CW19 *W EXP 10/06/201 00191R117 19 200,173 SH   SOLE   200,173 0 0
AROWANA INC SHS G05011104 3,990 400,000 SH   SOLE   400,000 0 0
AROWANA INC RIGHT 01/01/2017 G05011120 94 400,000 SH   SOLE   400,000 0 0
AROWANA INC *W EXP 04/29/202 G05011112 32 400,000 SH   SOLE   400,000 0 0
ATLANTIC ALLIANCE PARTNER CO SHS G04897107 209 20,000 SH   SOLE   20,000 0 0
BANCROFT FUND LTD COM 059695106 1,257 69,976 SH   SOLE   69,976 0 0
BARINGTON HILCO ACQUISITION COM 06759V101 554 55,823 SH   SOLE   55,823 0 0
BARINGTON HILCO ACQUISITION Rights 06759V119 11 55,823 SH   SOLE   55,823 0 0
BARINGTON HILCO ACQUISITION *W EXP 02/11/201 06759V127 6 55,823 SH   SOLE   55,823 0 0
BOULDER GROWTH & INCM FD INC COM 101507101 3,378 426,605 SH   SOLE   426,605 0 0
C B PHARMA ACQUISITION CORP Warrants G2029P118 6 75,000 SH   SOLE   75,000 0 0
CB PHARMA ACQUISITION-RTS Rights G2029P134 6 75,000 SH   SOLE   75,000 0 0
CENTRAL SECS CORP COM COM 155123102 2,643 137,645 SH   SOLE   137,645 0 0
COPSYNC INC COM NEW 217712207 54 30,000 SH   SOLE   30,000 0 0
COPSYNC INC *W EXP 11/12/202 217712116 16 30,000 SH   SOLE   30,000 0 0
CREDIT SUISSE ASSET MGMT INC COM 224916106 426 149,110 SH   SOLE   149,110 0 0
CROSSROADS CAPITAL INC COM 227656105 2,929 1,121,332 SH   SOLE   1,121,332 0 0
CUSHING RENAISSANCE FD COM 231647108 2,937 210,136 SH   SOLE   210,136 0 0
DELAWARE INV DIVIDEND & INC COM 245915103 297 32,667 SH   SOLE   32,667 0 0
DEUTSCHE GLOBAL HIGH INCOME COM 25158V108 5,999 777,416 SH   SOLE   777,416 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 19,053 1,432,772 SH   SOLE   1,432,772 0 0
DT ASIA INVESTMENTS LTD COM G2615J104 5,647 556,373 SH   SOLE   556,373 0 0
DT ASIA INVESTMENTS LTD-RTS RIGHT 03/30/2016 G2615J112 51 261,050 SH   SOLE   261,050 0 0
DT ASIA INVTS LTD WT 033021 *W EXP 03/29/202 G2615J138 13 261,050 SH   SOLE   261,050 0 0
E-COMPASS ACQUISITION CORP COM G2920Y101 1,004 100,000 SH   SOLE   100,000 0 0
E-COMPASS ACQUISITION CORP RIGHT 02/18/2017 G2920Y119 22 100,000 SH   SOLE   100,000 0 0
ELECTRUM SPL ACQUISITION COR *W EXP 99/99/999 G3105C112 31 151,020 SH   SOLE   151,020 0 0
ELLSWORTH FUND INC COM 289074106 267 35,123 SH   SOLE   35,123 0 0
EMERGENT CAPITAL INC COM 29102N105 16,251 4,032,378 SH   SOLE   4,032,378 0 0
EQUUS TOTAL RETURN INC COM 294766100 794 497,162 SH   SOLE   497,162 0 0
FINTECH ACQUISITION CORP COM 31809H100 1,541 153,399 SH   SOLE   153,399 0 0
FINTECH ACQUISITION CORP *W EXP 02/19/202 31809H118 44 76,516 SH   SOLE   76,516 0 0
FIRST TRUST ABERDEEN GLOBAL COM SHR 337319107 2,203 201,338 SH   SOLE   201,338 0 0
FIRST TRUST DIVIDEND AND INC COM 33731L100 13,551 1,565,430 SH   SOLE   1,565,430 0 0
FIRSTHAND TECHNOLOGY VALUE COM 33766Y100 3,446 459,400 SH   SOLE   459,400 0 0
FULL CIRCLE CAPITAL CORP COM 359671104 4,225 1,650,429 SH   SOLE   1,650,429 0 0
GABELLI GLOBALDEAL FUND (THE) COM 361570104 163 16,275 SH   SOLE   16,275 0 0
GARNERO GROUP ACQUISIT-CW19 *W EXP 06/24/201 G5866L116 46 586,828 SH   SOLE   586,828 0 0
GARNERO GROUP ACQUISITION CO COM G5866L108 6,775 682,585 SH   SOLE   682,585 0 0
GARNERO GROUP ACQUISITIO-RTS Rights G5866L132 91 535,528 SH   SOLE   535,528 0 0
GDL FUND COM 361570104 540 53,898 SH   SOLE   53,898 0 0
GENERAL AMERICAN INVESTORS COM 368802104 5,925 189,259 SH   SOLE   189,259 0 0
GLOBAL HIGH INCOME FUND INC COM 37933G108 18,099 2,084,103 SH   SOLE   2,084,103 0 0
GORES HLDGS INC COM 382866101 1,453 150,000 SH   SOLE   150,000 0 0
GORES HOLDINGS INC *W EXP 08/13/202 382866119 37 150,000 SH   SOLE   150,000 0 0
GSV CAPITAL CORP COM 36191J101 455 80,704 SH   SOLE   80,704 0 0
HARMONY MERGER CORP-WARRANT *W EXP 01/01/202 413247123 39 200,918 PRN   SOLE   200,918 0 0
HILL INTERNATIONAL INC COM 431466101 12,954 3,875,519 SH   SOLE   3,875,519 0 0
IMPERIAL HOLDINGS INCIFT 8 1/2 02/15/19 Bond 452834AE4 8,067 9,243,000 PRN   SOLE   9,243,000 0 0
ISHARES US REAL 01/15/2016 73.00 Put Options 464287959 1 34,800 SH Put SOLE   34,800 0 0
ISHARES US REAL 01/15/2016 75.50 Call Options 464287909 49 34,800 SH Call SOLE   34,800 0 0
JETPAY CORP COM 477177109 158 68,328 SH   SOLE   68,328 0 0
JPMORGAN CHINA REGION FD INC COM 48126T104 787 53,388 SH   SOLE   53,388 0 0
KEARNY FINANCIAL CORP/MD COM 48716P108 741 60,000 SH   SOLE   60,000 0 0
KOREA EQUITY FD INC COM 50063B104 897 112,973 SH   SOLE   112,973 0 0
LIBERTY ALL STAR EQUITY FD SH COM 530158104 4,231 851,229 SH   SOLE   851,229 0 0
LMP REAL ESTATE INCOME FUND COM 50208C108 34,166 2,504,359 PRN   SOLE   2,504,359 0 0
MANAGED HI YLD PLUS FUND INC COM 561911108 7,494 4,209,907 SH   SOLE   4,209,907 0 0
MVC CAPITAL INC COM 553829102 10,270 1,378,812 SH   SOLE   1,378,812 0 0
NEUBERGER BERMAN REAL ESTATE COM 64190A103 26,724 5,250,352 SH   SOLE   5,250,352 0 0
NEW YORK REIT INC COM 64976L109 1,696 167,962 SH   SOLE   167,962 0 0
NUVEEN DIVERSIFIED COMMODITY COM 67074P104 5,506 621,807 SH   SOLE   621,807 0 0
NUVEEN GLOBAL EQU INC FD COM 6706EH103 20,689 1,891,487 SH   SOLE   1,891,487 0 0
NUVEEN LONG/SHORT COMMODITY COM 670731108 21,903 1,455,100 SH   SOLE   1,455,100 0 0
PACHOLDER HIGH YIELD FUND COM 693742108 4,471 703,768 SH   SOLE   703,768 0 0
PACIFIC SPECIAL ACQUISITION SHS G68588105 3,005 300,000 SH   SOLE   300,000 0 0
PACIFIC SPECIAL ACQUISITION RIGHT 03/15/2017 G68588113 41 300,000 SH   SOLE   300,000 0 0
PACIFIC SPECIAL ACQUISITION *W EXP 10/20/202 G68588121 26 300,000 SH   SOLE   300,000 0 0
PUTNAM HIGH INCOME SECURITIE SHS BEN INT 746779107 1,141 156,060 SH   SOLE   156,060 0 0
QUINPARIO ACQUISITION C-CW23 *W EXP 01/01/202 74874U119 11 56,097 SH   SOLE   56,097 0 0
QUINPARIO ACQUISITION CORP 2 COM 74874U101 548 56,097 SH   SOLE   56,097 0 0
ROYCE VALUE TRUST COM 780910105 516 44,100 SH   SOLE   44,100 0 0
SOURCE CAP INC COM 836144105 2,942 82,562 SH   SOLE   82,562 0 0
STEWART INFORMATION SERVICES COM 860372101 41,074 1,129,900 SH   SOLE   1,129,900 0 0
STRATEGIC GLOBAL INCOME FD COM 862719101 1,343 150,680 SH   SOLE   150,680 0 0
SWISS HELVETIA FUND COM 870875101 8,527 840,092 SH   SOLE   840,092 0 0
TERRAPIN 3 ACQUISITION COR-A COM 88104P104 1,980 200,000 SH   SOLE   200,000 0 0
TERRAPIN 3 ACQUISITION-CW19 Warrants 88104P112 53 200,000 SH   SOLE   200,000 0 0
TRI CONTL CORP COM COM 895436103 6,271 313,691 SH   SOLE   313,691 0 0
VIRTUS TOTAL RETURN FD COM 92829A103 15,337 3,616,434 SH   SOLE   3,616,434 0 0
WHEELER REAL ESTATE INVESTME COM 963025101 5,269 4,250,833 SH   SOLE   4,250,833 0 0
WHEELER REAL ESTATE INVESTME *W EXP 04/29/201 963025119 0 17,000 SH   SOLE   17,000 0 0
WINTHROP REALTY TRUST COM 976391300 32,331 2,468,054 SH   SOLE   2,468,054 0 0
WL ROSS HLDG CORP COM SHS 92939D104 251 25,000 SH   SOLE   25,000 0 0