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
ABERDEEN ASIA PACIFIC INCOM COM 003009107 10,467 2,089,275 SH   SOLE   2,089,275 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 21,209 3,842,289 SH   SOLE   3,842,289 0 0
ADVENT CLAYMORE CV SECS & IN COM 00764C109 31,292 2,243,159 SH   SOLE   2,243,159 0 0
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 8,424 1,028,630 SH   SOLE   1,028,630 0 0
ALLIANZGI NFJ DIVID INT & PR COM 01883A107 9,746 790,405 SH   SOLE   790,405 0 0
ANADARKO PETE CORP COM 032511107 15,671 294,300 SH Put SOLE   294,300 0 0
ANADARKO PETE CORP COM 032511107 897 16,847 SH   SOLE   16,847 0 0
APOLLO TACTICAL INCOME FD IN COM 037638103 2,836 196,552 SH   SOLE   196,552 0 0
BANCROFT FUND LTD COM 059695106 4,464 238,599 SH   SOLE   238,599 0 0
BANK AMER CORP COM 060505104 425 32,000 SH   SOLE   32,000 0 0
BLACKROCK DEBT STRAT FD INC COM 09255R103 83,827 23,746,992 SH   SOLE   23,746,992 0 0
BLACKROCK MULTI-SECTOR INC T COM 09258A107 12,296 742,935 SH   SOLE   742,935 0 0
BLACKSTONE GSO LNG SHRT CR I COM SHS BN INT 09257D102 16,234 1,123,477 SH   SOLE   1,123,477 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 37,278 2,590,531 SH   SOLE   2,590,531 0 0
BROOKFIELD MTG OPP INC FD IN COM 112792106 1,926 129,546 SH   SOLE   129,546 0 0
CALIFORNIA RES CORP COM NEW 13057Q206 5,098 417,845 SH   SOLE   417,845 0 0
CANADIAN NAT RES LTD COM 136385101 21,167 686,600 SH Put SOLE   686,600 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 253 27,143 SH   SOLE   27,143 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 8,490 704,538 SH   SOLE   704,538 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 99/99/9999 203668116 4 795,108 SH   SOLE   795,108 0 0
CREDIT SUISSE ASSET MGMT INC COM 224916106 17,314 5,909,177 SH   SOLE   5,909,177 0 0
DBX ETF TR DBXTR HAR CS 300 233051879 211 8,900 SH   SOLE   8,900 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 150 15,555 SH   SOLE   15,555 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 3,983 399,947 SH   SOLE   399,947 0 0
DEUTSCHE GLOBAL HIGH INCOME COM 25158V108 3,077 377,997 SH   SOLE   377,997 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 27,432 2,017,035 SH   SOLE   2,017,035 0 0
DEUTSCHE HIGH INCOME TR SHS 25155R100 19,602 2,232,588 SH   SOLE   2,232,588 0 0
DEUTSCHE MULTI-MKT INCOME TR SHS 25160E102 16,904 2,074,166 SH   SOLE   2,074,166 0 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 4,773 416,155 SH   SOLE   416,155 0 0
DYNEGY INC NEW DEL *W EXP 10/02/201 26817R116 507 1,394,423 SH   SOLE   1,394,423 0 0
EATON VANCE SH TM DR DIVR IN COM 27828V104 14,552 1,077,906 SH   SOLE   1,077,906 0 0
EATON VANCE SR INCOME TR SH BEN INT 27826S103 425 70,749 SH   SOLE   70,749 0 0
ELLSWORTH GROWTH & INCOME FD COM 289074106 721 91,857 SH   SOLE   91,857 0 0
FIRST TR ABERDEEN GLBL OPP F COM SHS 337319107 366 32,005 SH   SOLE   32,005 0 0
FIRST TR HIGH INCOME L/S FD COM 33738E109 27,137 1,829,904 SH   SOLE   1,829,904 0 0
FIRST TR STRATEGIC HIGH INC COM SHS NEW 337353304 1,459 121,987 SH   SOLE   121,987 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 489 33,890 SH   SOLE   33,890 0 0
FRANKLIN LTD DURATION INC TR COM 35472T101 46,777 4,032,465 SH   SOLE   4,032,465 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 213 43,300 SH Put SOLE   43,300 0 0
GAP INC DEL COM 364760108 76,148 3,588,500 SH Put SOLE   3,588,500 0 0
GAP INC DEL COM 364760108 4,023 189,600 SH   SOLE   189,600 0 0
GENWORTH FINL INC COM CL A 37247D106 1,729 670,072 SH   SOLE   670,072 0 0
HESS CORP COM 42809H107 34,053 566,600 SH Put SOLE   566,600 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 1,241 78,043 SH   SOLE   78,043 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 567 51,414 SH   SOLE   51,414 0 0
INVESCO HIGH INCOME TR II COM 46131F101 7,436 540,418 SH   SOLE   540,418 0 0
ISHARES TR IBOXX HI YD ETF 464288513 847 10,000 SH   SOLE   10,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 21,896 639,864 SH   SOLE   639,864 0 0
IVY HIGH INC OPPORTUNITIES F COM 465893105 1,516 110,919 SH   SOLE   110,919 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 7,376 569,172 SH   SOLE   569,172 0 0
LMP CAP & INCOME FD INC COM 50208A102 246 18,712 SH   SOLE   18,712 0 0
MADISON STRTG SECTOR PREM FD COM 558268108 361 31,417 SH   SOLE   31,417 0 0
MBIA INC COM 55262C100 15,375 2,251,100 SH Put SOLE   2,251,100 0 0
MBIA INC COM 55262C100 2,462 360,399 SH   SOLE   360,399 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 26,725 3,155,231 SH   SOLE   3,155,231 0 0
MFS INTERMEDIATE HIGH INC FD SH BEN INT 59318T109 4,570 1,850,260 SH   SOLE   1,850,260 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 19,871 3,284,445 SH   SOLE   3,284,445 0 0
MGIC INVT CORP WIS COM 552848103 4,159 699,066 SH   SOLE   699,066 0 0
MICRON TECHNOLOGY INC COM 595112103 29,481 2,142,500 SH Put SOLE   2,142,500 0 0
MORGAN STANLEY EM MKTS DM DE COM 617477104 18,583 2,422,753 SH   SOLE   2,422,753 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 649 70,135 SH   SOLE   70,135 0 0
MVC CAPITAL INC COM 553829102 145 18,000 SH   SOLE   18,000 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 9,996 912,895 SH   SOLE   912,895 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 641 112,880 SH   SOLE   112,880 0 0
NEW AMER HIGH INCOME FD INC COM NEW 641876800 1,292 151,136 SH   SOLE   151,136 0 0
NOBLE CORP PLC SHS USD G65431101 4,485 544,400 SH Put SOLE   544,400 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 1,777 219,910 SH   SOLE   219,910 0 0
NUVEEN DIVERSIFIED DIV INCM COM 6706EP105 184 15,767 SH   SOLE   15,767 0 0
NUVEEN GLOBAL EQUITY INCOME COM 6706EH103 207 17,700 SH   SOLE   17,700 0 0
NUVEEN MULTI MKT INCOME FD COM 67075J107 129 17,285 SH   SOLE   17,285 0 0
OFFICE DEPOT INC COM 676220106 1,540 465,300 SH   SOLE   465,300 0 0
PACHOLDER HIGH YIELD FD INC COM 693742108 1,283 180,157 SH   SOLE   180,157 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 36,029 1,883,389 SH   SOLE   1,883,389 0 0
PUTMAN HIGH INCOME SEC FUND SHS BEN INT 746779107 2,798 364,765 SH   SOLE   364,765 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 24,632 5,240,766 SH   SOLE   5,240,766 0 0
QEP RES INC COM 74733V100 29,464 1,671,200 SH Put SOLE   1,671,200 0 0
QEP RES INC COM 74733V100 441 25,000 SH   SOLE   25,000 0 0
RADIAN GROUP INC COM 750236101 1,078 103,500 SH Put SOLE   103,500 0 0
RADIAN GROUP INC COM 750236101 104 10,000 SH   SOLE   10,000 0 0
SEADRILL LIMITED SHS G7945E105 14,092 4,349,500 SH Put SOLE   4,349,500 0 0
TRANSOCEAN LTD REG SHS H8817H100 43,402 3,650,200 SH Put SOLE   3,650,200 0 0
UNISYS CORP COM NEW 909214306 1,491 204,781 SH   SOLE   204,781 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 8,587 426,381 SH   SOLE   426,381 0 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 14,391 826,120 SH   SOLE   826,120 0 0
VIRTUS GLOBAL MULTI-SEC INC COM 92829B101 2,014 132,868 SH   SOLE   132,868 0 0
VIRTUS TOTAL RETURN FD COM 92829A103 683 147,879 SH   SOLE   147,879 0 0
WELLS FARGO INCOME OPPORTUNI WF INC OPPTY FD 94987B105 762 96,471 SH   SOLE   96,471 0 0
WELLS FARGO MULTI SECTOR INC WF MLT SECTR INC 94987D101 70,471 5,570,869 SH   SOLE   5,570,869 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 9,195 597,836 SH   SOLE   597,836 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 24,533 2,263,146 SH   SOLE   2,263,146 0 0
WESTERN ASSET GLB PTNRS INCO COM 95766G108 6,167 719,560 SH   SOLE   719,560 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 1,508 88,521 SH   SOLE   88,521 0 0
WESTERN ASSET HGH YLD DFNDFD COM 95768B107 414 27,557 SH   SOLE   27,557 0 0
WESTERN ASSET MGD HI INCM FD COM 95766L107 6,292 1,333,140 SH   SOLE   1,333,140 0 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 3,119 283,780 SH   SOLE   283,780 0 0
WESTERN DIGITAL CORP COM 958102105 35,776 757,000 SH Put SOLE   757,000 0 0
WESTERN DIGITAL CORP COM 958102105 1,843 39,000 SH   SOLE   39,000 0 0