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
THAI FD INC COM 882904105 305 36,789 SH   DFND 1,2 36,789 0 0
STEIN MART INC COM 858375108 1,047 99,974 SH   DFND 1,2 99,974 0 0
DT ASIA INVTS LTD SHS G2615J104 2,970 300,000 SH   DFND 1,2 300,000 0 0
AROWANA INC SHS G05011104 4,669 475,000 SH   DFND 1,2 475,000 0 0
BAOZUN INC SPONSORED ADR 06684L103 377 35,000 SH   DFND 1,2 35,000 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 01/27/2016 203668116 42 3,000,000 SH   DFND 1,2 3,000,000 0 0
1347 CAP CORP RIGHT 07/21/2016 68245V111 122 322,100 SH   DFND 1,2 322,100 0 0
NOBILIS HEALTH CORP COM 65500B103 136 20,000 SH   DFND 1,2 20,000 0 0
ATLANTIC ALLIANCE PARTNER CO SHS G04897107 4,072 400,000 SH   DFND 1,2 400,000 0 0
C B PHARMA ACQUISITION CORP SHS G2029P126 2,650 268,246 SH   DFND 1,2 268,246 0 0
GP INVTS ACQUISITION COR UNIT 99/99/9999 G40357116 758 75,000 SH   DFND 1,2 75,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 916 7,338 SH   DFND 1,2 7,338 0 0
SWISS HELVETIA FD INC COM 870875101 1,170 100,005 SH   DFND 1,2 100,005 0 0
NUVEEN DIVERSIFIED COMMODTY COM UT BEN INT 67074P104 1,333 111,902 SH   DFND 1,2 111,902 0 0
ARCADIA BIOSCIENCES INC COM 039014105 318 50,000 SH   DFND 1,2 50,000 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 1,820 188,381 SH   DFND 1,2 188,381 0 0
DT ASIA INVTS LTD *W EXP 03/29/202 G2615J138 21 188,600 SH   DFND 1,2 188,600 0 0
PRETIUM RES INC COM 74139C102 618 114,285 SH   DFND 1,2 114,285 0 0
BARINGTON HILCO ACQUISITION COM 06759V101 2,508 257,000 SH   DFND 1,2 257,000 0 0
SPROTT PHYSICAL PLAT PALLAD UNIT 85207Q104 5,067 676,474 SH   DFND 1,2 676,474 0 0
NUVEEN LG/SHT COMMODITY TOTR COM UT BEN INT 670731108 10,803 658,311 SH   DFND 1,2 658,311 0 0
DENISON MINES CORP COM 248356107 1,260 1,750,000 SH   DFND 1,2 1,750,000 0 0
1347 CAP CORP COM 68245V103 2,438 250,000 SH   DFND 1,2 250,000 0 0
BLACKROCK MUNIYLD MICH QLTY COM 09254W103 2,322 186,187 SH   DFND 1,2 186,187 0 0
STANLEY BLACK & DECKER INC UNIT 99/99/9999 854502309 10,074 69,479 SH   DFND 1,2 69,479 0 0
1347 CAP CORP *W EXP 07/15/202 68245V129 71 322,100 SH   DFND 1,2 322,100 0 0
FIRSTHAND TECH VALUE FD INC COM 33766Y100 805 62,594 SH   DFND 1,2 62,594 0 0
GARNERO GROUP ACQUISITION CO *W EXP 06/24/201 G5866L116 28 284,000 SH   DFND 1,2 284,000 0 0
RAMCO-GERSHENSON PPTYS TR PERP PFD-D CV 751452608 8,041 135,000 SH   DFND 1,2 135,000 0 0
SEABRIDGE GOLD INC COM 811916105 7,888 1,285,000 SH   DFND 1,2 1,285,000 0 0
CAMBRIDGE CAP ACQUISITION CO COM 13215Q106 2,000 200,000 SH   DFND 1,2 200,000 0 0
CENTER COAST MLP & INFRSTR F COM SHS 151461100 322 21,068 SH   DFND 1,2 21,068 0 0
GARNERO GROUP ACQUISITION CO RIGHT 06/25/2016 G5866L132 35 192,600 SH   DFND 1,2 192,600 0 0
AURICO GOLD INC COM 05155C105 4,971 1,739,922 SH   DFND 1,2 1,739,922 0 0
RUBICON MINERALS CORP COM 780911103 1,107 1,064,100 SH   DFND 1,2 1,064,100 0 0
DT ASIA INVTS LTD RIGHT 03/30/2016 G2615J112 103 350,000 SH   DFND 1,2 350,000 0 0
ENSERVCO CORP COM 29358Y102 29 19,075 SH   DFND 1,2 19,075 0 0