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 CAPITAL CORP COM 68245V202 2,544 253,884 SH   SOLE   253,884 0 0
ADAMS EXPRESS CO COM 006212104 5,012 359,025 SH   SOLE   359,025 0 0
ADVENT/CLAYMORE ENH GR & INC COM 00765E104 1,748 185,609 SH   SOLE   185,609 0 0
ALPINE TOTAL DYNAMIC DIVIDEND COM 021060108 325 36,500 SH   SOLE   36,500 0 0
AR CAPITAL ACQUISITION CORP COM 00191R109 4,042 410,346 SH   SOLE   410,346 0 0
AR CAPITAL ACQUISITION-CW19 W 00191R117 92 205,173 SH   SOLE   205,173 0 0
ASSOCIATED ESTATES REALTY CP COM 045604105 1,893 76,700 SH   SOLE   76,700 0 0
BANCROFT FUND LTD COM 059695106 2,138 102,168 SH   SOLE   102,168 0 0
BARINGTON/HILCO ACQUISITION COM 06759V200 622 62,500 SH   SOLE   62,500 0 0
BOULDER GROWTH & INCOME FD COM 101507101 14,388 1,678,920 SH   SOLE   1,678,920 0 0
CAMBRIDGE CAPITAL ACQUIS COM 13215Q106 1,074 206,325 SH   SOLE   206,325 0 0
CAMBRIDGE CAPITAL ACQUI-CW18 W 13215Q114 35 108,225 SH   SOLE   108,225 0 0
CAPITOL ACQUISITION CORP II COM 14056V105 4,491 444,167 SH   SOLE   444,167 0 0
CAPITOL ACQUISITION CORP W 14056V113 180 179,776 SH   SOLE   179,776 0 0
CB PHARMA ACQUISITION-RTS RTS G2029P134 27 75,000 SH   SOLE   75,000 0 0
CENTRAL SECS CORP COM 155123102 7,339 336,631 SH   SOLE   336,631 0 0
CIS ACQUISITION LTD-CW17 W G21490118 91 131,968 SH   SOLE   131,968 0 0
DELAWARE INV DIVIDEND & INC COM 245915103 588 58,429 SH   SOLE   58,429 0 0
DT ASIA INVESTMENTS LTD COM G2615J120 2,708 270,000 SH   SOLE   270,000 0 0
ELLSWORTH FUND LTD COM 289074106 881 100,557 SH   SOLE   100,557 0 0
FIFTH STREET SENIOR FLOATING COM 31679F101 1,543 145,129 SH   SOLE   145,129 0 0
FIVE OAKS INVESTMENT CORP COM 33830W106 586 55,000 SH   SOLE   55,000 0 0
FULL CIRCLE CAPITAL CORP. COM 359671104 60 16,909 SH   SOLE   16,909 0 0
GABELLI GLOBALDEAL FUND COM 361570104 654 63,251 SH   SOLE   63,251 0 0
GARNERO GROUP ACQUISITION UNIT G5866L124 99 10,000 SH   SOLE   10,000 0 0
GARNERO GROUP ACQUISITION COM G5866L108 5,651 585,800 SH   SOLE   585,800 0 0
GARNERO GROUP ACQUISITION RTS G5866L132 101 534,500 SH   SOLE   534,500 0 0
GARNERO GROUP ACQUISITION W G5866L116 64 585,800 SH   SOLE   585,800 0 0
GENERAL AMERICAN INVESTORS COM 368802104 44,960 1,285,296 SH   SOLE   1,285,296 0 0
GLOBAL HIGH INCOME FUND INC COM 37933G108 4,347 496,839 SH   SOLE   496,839 0 0
HARMONY MERGER CORP COM 413247206 2,009 200,900 SH   SOLE   200,900 0 0
HILL INTERNATIONAL INC COM 431466101 5,320 1,481,850 SH   SOLE   1,481,850 0 0
IMPERIAL HOLDINGS INC 8.5% 2/15/2019 DEBT 452834AB0 10,660 8,667,000 SH   SOLE   8,667,000 0 0
JETPAY CORP COM 477177109 226 82,339 SH   SOLE   82,339 0 0
LIBERTY ALL STAR EQUITY FUND COM 530158104 26,405 4,521,409 SH   SOLE   4,521,409 0 0
MFS INTERMEDIATE HIGH INCOME COM 59318T109 232 84,196 SH   SOLE   84,196 0 0
NEUBERGER BERMAN REAL ESTATE COM 64190A103 4,979 918,619 SH   SOLE   918,619 0 0
NUVEEN DIVERSIFIED COMMODITY COM 67074P104 2,787 234,208 SH   SOLE   234,208 0 0
NUVEEN LONG/SHORT COMMODITY COM 670731108 5,600 335,791 SH   SOLE   335,791 0 0
PANGAEA LOGISTICS SOLUTIONS COM G6891L105 192 69,996 SH   SOLE   69,996 0 0
QUINPARIO ACQUISITION CORP 2 COM 74874U200 658 65,000 SH   SOLE   65,000 0 0
RESOURCES CAPITAL CORP. COM 76120W302 91 20,000 SH   SOLE   20,000 0 0
ROI ACQUISITION CORP II COM 74966G101 1,890 190,936 SH   SOLE   190,936 0 0
ROI ACQUISITION CORP-CW17 W 74966G119 44 190,936 SH   SOLE   190,936 0 0
TERRAPIN 3 ACQUISITION CORP COM 88104P203 2,016 200,000 SH   SOLE   200,000 0 0
TRADE STREET RESIDENTIAL INC. COM 89255N203 5,833 814,708 SH   SOLE   814,708 0 0
TRI CONTL CORP COM 895436103 8,516 392,619 SH   SOLE   392,619 0 0
WHEELER REIT W 963025119 7 48,000 SH   SOLE   48,000 0 0
PUT ISHARES DJ US APR10 PUT 464287956 15 16,000 SH   SOLE   16,000 0 0
PUT SPDR S&P 500 ET APR10 PUT 78462F953 20 20,000 SH   SOLE   20,000 0 0