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 2,541 253,884 SH   SOLE   253,884 0 0
ABERDEEN ISRAEL FUND INC COM 00301L109 1,349 81,281 SH   SOLE   81,281 0 0
ADAMS EXPRESS CO COM 006212104 4,911 359,025 SH   SOLE   359,025 0 0
ALLIANCEBERNSTEIN INC FUND COM 01881E101 8,308 1,112,227 SH   SOLE   1,112,227 0 0
ALLIANCE NEW YORK MUNI INC COM 018714105 5,796 430,918 SH   SOLE   430,918 0 0
ALPINE TOTAL DYNAMIC DIVIDEND COM 021060108 310 36,500 SH   SOLE   36,500 0 0
AR CAPITAL ACQUISITION CORP COM 00191R109 3,940 410,346 SH   SOLE   410,346 0 0
AR CAPITAL ACQUISITION-CW19 W 00191R117 47 205,173 SH   SOLE   205,173 0 0
BANCROFT FUND LTD COM 059695106 2,049 102,168 SH   SOLE   102,168 0 0
BDCA VENTURE INC COM 05543L106 3,014 616,274 SH   SOLE   616,274 0 0
BOULDER GROWTH & INCOME FD COM 101507101 6,678 737,947 SH   SOLE   737,947 0 0
BOULDER TOTAL RETURN FD INC COM 101541100 5,339 192,385 SH   SOLE   192,385 0 0
CAMBRIDGE CAPITAL ACQUIS COM 13215Q106 1,145 115,825 SH   SOLE   115,825 0 0
CAMBRIDGE CAPITAL ACQUI-CW18 W 13215Q114 36 115,825 SH   SOLE   115,825 0 0
CAPITOL ACQUISITION CORP II COM 14056V105 4,695 475,152 SH   SOLE   475,152 0 0
CAPITOL ACQUISITION CORP W 14056V113 94 237,576 SH   SOLE   237,576 0 0
CB PHARMA ACQUISITION UNIT UNIT G2029P100 753 75,000 SH   SOLE   75,000 0 0
CENTRAL SECS CORP COM 155123102 7,808 355,389 SH   SOLE   355,389 0 0
CHART ACQUISITION CORP W 161151113 184 368,393 SH   SOLE   368,393 0 0
CIS ACQUISITION LTD-CW17 W G21490118 61 179,049 SH   SOLE   179,049 0 0
CLOUGH GLOBAL EQUITY FUND COM 18914C100 15,399 1,063,484 SH   SOLE   1,063,484 0 0
COLLABRIUM JAPAN ACQUISITION W G2266G110 35 578,381 SH   SOLE   578,381 0 0
DT ASIA INVESTMENTS LTD COM G2615J120 2,702 270,000 SH   SOLE   270,000 0 0
DWS GLBL HIGH INCOME FD COM 23338W104 3,364 429,049 SH   SOLE   429,049 0 0
ELLSWORTH FUND LTD COM 289074106 1,294 148,608 SH   SOLE   148,608 0 0
FIFTH STREET SENIOR FLOATING COM 31679F101 4,769 466,614 SH   SOLE   466,614 0 0
FIVE OAKS INVESTMENT CORP COM 33830W106 594 55,000 SH   SOLE   55,000 0 0
GABELLI GLOBALDEAL FUND COM 361570104 647 63,251 SH   SOLE   63,251 0 0
GARNERO GROUP ACQUISITION UNIT G5866L124 100 10,000 SH   SOLE   10,000 0 0
GARNERO GROUP ACQUISITION COM G5866L108 5,594 585,800 SH   SOLE   585,800 0 0
GARNERO GROUP ACQUISITION RTS G5866L132 160 534,500 SH   SOLE   534,500 0 0
GARNERO GROUP ACQUISITION W G5866L116 70 585,800 SH   SOLE   585,800 0 0
GENERAL AMERICAN INVESTORS COM 368802104 46,296 1,322,746 SH   SOLE   1,322,746 0 0
HENNESSY CAPITAL ACQUIS COM 425886108 1,963 200,000 SH   SOLE   200,000 0 0
HENNESSY CAPITAL ACQUIS-CW19 W 425886116 77 200,000 SH   SOLE   200,000 0 0
HILL INTERNATIONAL INC COM 431466101 2,475 644,433 SH   SOLE   644,433 0 0
IMPERIAL HOLDINGS INC 8.5% 2/15/2019 DEBT 452834AB0 10,177 8,667,000 SH   SOLE   8,667,000 0 0
INDEPENDENT REALTY TRUST IN COM 45378A106 1,193 128,175 SH   SOLE   128,175 0 0
JETPAY CORP COM 477177109 199 93,037 SH   SOLE   93,037 0 0
LEVY ACQUISITION CORP COM 52748T104 1,946 200,000 SH   SOLE   200,000 0 0
LEVY ACQUISITION CORP-CW18 W 52748T112 46 125,000 SH   SOLE   125,000 0 0
LIBERTY ALL STAR EQUITY FUND COM 530158104 31,059 5,193,893 SH   SOLE   5,193,893 0 0
MORGAN STANLEY EAST EUROPE COM 616988101 397 28,755 SH   SOLE   28,755 0 0
NEUBERGER BERMAN REAL ESTATE COM 64190A103 1,903 359,824 SH   SOLE   359,824 0 0
NUVEEN DIVERSIFIED COMMODITY COM 67074P104 328 25,600 SH   SOLE   25,600 0 0
NUVEEN DIVID ADV MUNI FD 3 COM 67070X101 150 10,879 SH   SOLE   10,879 0 0
NUVEEN LONG/SHORT COMMODITY COM 670731108 309 18,595 SH   SOLE   18,595 0 0
PANGAEA LOGISTICS SOLUTIONS COM G6891L105 332 69,996 SH   SOLE   69,996 0 0
RESOURCES CAPITAL CORP. COM 76120W302 101 20,000 SH   SOLE   20,000 0 0
ROI ACQUISITION CORP II COM 74966G101 1,878 190,936 SH   SOLE   190,936 0 0
ROI ACQUISITION CORP-CW17 W 74966G119 50 190,936 SH   SOLE   190,936 0 0
STEWART INFO. SERVICES COM 860372101 39,432 1,064,581 SH   SOLE   1,064,581 0 0
TERRAPIN 3 ACQUISITION CORP COM 88104P203 2,005 200,000 SH   SOLE   200,000 0 0
TRADE STREET RESIDENTIAL INC. COM 89255N203 1,706 221,835 SH   SOLE   221,835 0 0
TRI CONTL CORP COM 895436103 8,406 392,619 SH   SOLE   392,619 0 0
WHEELER REIT W 963025119 13 48,000 SH   SOLE   48,000 0 0
WINTHROP REALTY TRUST COM 976391300 22,995 1,475,004 SH   SOLE   1,475,004 0 0