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 8,985 1,754,944 SH   SOLE   1,754,944 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 26,629 4,631,132 SH   SOLE   4,631,132 0 0
ADVENT CLAYMORE CV SECS & IN COM 00764C109 35,496 2,434,545 SH   SOLE   2,434,545 0 0
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 8,599 1,028,630 SH   SOLE   1,028,630 0 0
ALLIANZGI NFJ DIVID INT & PR COM 01883A107 16,312 1,290,469 SH   SOLE   1,290,469 0 0
ALPINE TOTAL DYNAMIC DIVID F COM SH BEN INT N 021060207 807 105,739 SH   SOLE   105,739 0 0
ANADARKO PETE CORP COM 032511107 19,140 302,100 SH Put SOLE   302,100 0 0
ANADARKO PETE CORP COM 032511107 1,067 16,847 SH   SOLE   16,847 0 0
APOLLO TACTICAL INCOME FD IN COM 037638103 2,383 153,767 SH   SOLE   153,767 0 0
BANCROFT FUND LTD COM 059695106 631 30,055 SH   SOLE   30,055 0 0
BLACKROCK DEBT STRAT FD INC COM 09255R103 88,525 24,253,369 SH   SOLE   24,253,369 0 0
BLACKROCK MULTI-SECTOR INC T COM 09258A107 7,163 419,605 SH   SOLE   419,605 0 0
BLACKSTONE GSO LNG SHRT CR I COM SHS BN INT 09257D102 17,408 1,120,205 SH   SOLE   1,120,205 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 44,411 2,976,577 SH   SOLE   2,976,577 0 0
BROOKFIELD MTG OPP INC FD IN COM 112792106 784 52,239 SH   SOLE   52,239 0 0
CALIFORNIA RES CORP COM NEW 13057Q206 5,223 417,845 SH   SOLE   417,845 0 0
CANADIAN NAT RES LTD COM 136385101 21,998 686,600 SH Put SOLE   686,600 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 235 24,268 SH   SOLE   24,268 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 15,293 1,325,175 SH   SOLE   1,325,175 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 99/99/9999 203668116 7 795,108 SH   SOLE   795,108 0 0
CREDIT SUISSE ASSET MGMT INC COM 224916106 18,555 5,909,177 SH   SOLE   5,909,177 0 0
DBX ETF TR DBXTR HAR CS 300 233051879 219 8,900 SH   SOLE   8,900 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 157 15,555 SH   SOLE   15,555 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 2,935 296,509 SH   SOLE   296,509 0 0
DEUTSCHE GLOBAL HIGH INCOME COM 25158V108 3,179 377,997 SH   SOLE   377,997 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 28,636 2,023,745 SH   SOLE   2,023,745 0 0
DEUTSCHE HIGH INCOME TR SHS 25155R100 14,126 1,533,817 SH   SOLE   1,533,817 0 0
DEUTSCHE MULTI-MKT INCOME TR SHS 25160E102 16,764 1,960,714 SH   SOLE   1,960,714 0 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 5,044 416,155 SH   SOLE   416,155 0 0
DIVIDEND & INCOME FUND COM NEW 25538A204 1,687 150,333 SH   SOLE   150,333 0 0
DYNEGY INC NEW DEL *W EXP 10/02/201 26817R116 223 1,394,423 SH   SOLE   1,394,423 0 0
EATON VANCE SH TM DR DIVR IN COM 27828V104 12,523 913,452 SH   SOLE   913,452 0 0
ELLSWORTH GROWTH & INCOME FD COM 289074106 670 81,843 SH   SOLE   81,843 0 0
FIRST TR ABERDEEN GLBL OPP F COM SHS 337319107 377 32,005 SH   SOLE   32,005 0 0
FIRST TR HIGH INCOME L/S FD COM 33738E109 47,172 3,025,790 SH   SOLE   3,025,790 0 0
FIRST TR STRATEGIC HIGH INC COM SHS NEW 337353304 1,933 156,638 SH   SOLE   156,638 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 48,753 4,032,541 SH   SOLE   4,032,541 0 0
GAP INC DEL COM 364760108 47,898 2,153,700 SH Put SOLE   2,153,700 0 0
GENERAL AMERN INVS INC COM 368802104 7,490 229,412 SH   SOLE   229,412 0 0
GENWORTH FINL INC COM CL A 37247D106 942 189,972 SH   SOLE   189,972 0 0
HESS CORP COM 42809H107 10,311 192,300 SH Put SOLE   192,300 0 0
HESS CORP COM 42809H107 536 10,000 SH   SOLE   10,000 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 1,075 62,583 SH   SOLE   62,583 0 0
INVESCO HIGH INCOME TR II COM 46131F101 9,208 630,225 SH   SOLE   630,225 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 19,306 507,924 SH   SOLE   507,924 0 0
IVY HIGH INC OPPORTUNITIES F COM 465893105 318 22,142 SH   SOLE   22,142 0 0
LAZARD GLB TTL RET&INCM FD I COM 52106W103 690 49,360 SH   SOLE   49,360 0 0
LAZARD WORLD DIVID & INCOME COM 521076109 592 58,623 SH   SOLE   58,623 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 18,614 1,370,696 SH   SOLE   1,370,696 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 6,505 1,255,787 SH   SOLE   1,255,787 0 0
LMP CAP & INCOME FD INC COM 50208A102 158 11,589 SH   SOLE   11,589 0 0
MADISON STRTG SECTOR PREM FD COM 558268108 222 18,887 SH   SOLE   18,887 0 0
MBIA INC COM 55262C100 17,832 2,289,100 SH Put SOLE   2,289,100 0 0
MBIA INC COM 55262C100 2,808 360,399 SH   SOLE   360,399 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 25,386 2,938,201 SH   SOLE   2,938,201 0 0
MFS INTERMEDIATE HIGH INC FD SH BEN INT 59318T109 4,382 1,705,180 SH   SOLE   1,705,180 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 17,863 2,933,214 SH   SOLE   2,933,214 0 0
MGIC INVT CORP WIS COM 552848103 4,140 517,448 SH   SOLE   517,448 0 0
MORGAN STANLEY EM MKTS DM DE COM 617477104 14,886 1,853,858 SH   SOLE   1,853,858 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 860 89,090 SH   SOLE   89,090 0 0
MVC CAPITAL INC COM 553829102 149 18,000 SH   SOLE   18,000 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 9,706 818,403 SH   SOLE   818,403 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 486 85,333 SH   SOLE   85,333 0 0
NEW AMER HIGH INCOME FD INC COM NEW 641876800 601 65,227 SH   SOLE   65,227 0 0
NOBLE CORP PLC SHS USD G65431101 204 32,253 SH   SOLE   32,253 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 822 96,899 SH   SOLE   96,899 0 0
NUVEEN GLOBAL EQUITY INCOME COM 6706EH103 211 17,700 SH   SOLE   17,700 0 0
NUVEEN MULTI MKT INCOME FD COM 67075J107 130 17,285 SH   SOLE   17,285 0 0
OFFICE DEPOT INC COM 676220106 1,497 419,220 SH   SOLE   419,220 0 0
PACHOLDER HIGH YIELD FD INC COM 693742108 1,227 172,057 SH   SOLE   172,057 0 0
PUTMAN HIGH INCOME SEC FUND SHS BEN INT 746779107 2,829 352,793 SH   SOLE   352,793 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 21,984 4,495,713 SH   SOLE   4,495,713 0 0
QEP RES INC COM 74733V100 32,721 1,675,400 SH Put SOLE   1,675,400 0 0
QEP RES INC COM 74733V100 488 25,000 SH   SOLE   25,000 0 0
RADIAN GROUP INC COM 750236101 1,565 115,500 SH Put SOLE   115,500 0 0
RADIAN GROUP INC COM 750236101 136 10,000 SH   SOLE   10,000 0 0
ROYCE VALUE TR INC COM 780910105 1,014 80,095 SH   SOLE   80,095 0 0
SEADRILL LIMITED SHS G7945E105 13,067 5,513,500 SH Put SOLE   5,513,500 0 0
SEADRILL LIMITED SHS G7945E105 462 195,000 SH   SOLE   195,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 1,212 53,490 SH   SOLE   53,490 0 0
TRANSOCEAN LTD REG SHS H8817H100 18,933 1,776,100 SH Put SOLE   1,776,100 0 0
UNISYS CORP COM NEW 909214306 1,293 132,781 SH   SOLE   132,781 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 10,982 447,351 SH   SOLE   447,351 0 0
VIRTUS GLOBAL MULTI-SEC INC COM 92829B101 528 33,247 SH   SOLE   33,247 0 0
VIRTUS TOTAL RETURN FD COM 92829A103 701 147,879 SH   SOLE   147,879 0 0
WELLS FARGO INCOME OPPORTUNI WF INC OPPTY FD 94987B105 163 19,455 SH   SOLE   19,455 0 0
WELLS FARGO MULTI SECTOR INC WF MLT SECTR INC 94987D101 74,403 5,736,527 SH   SOLE   5,736,527 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 8,062 495,790 SH   SOLE   495,790 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 22,992 1,997,533 SH   SOLE   1,997,533 0 0
WESTERN ASSET GLB HI INCOME COM 95766B109 4,106 402,926 SH   SOLE   402,926 0 0
WESTERN ASSET HIGH INCM OPP COM 95766K109 4,028 797,572 SH   SOLE   797,572 0 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 2,980 256,714 SH   SOLE   256,714 0 0
WESTERN DIGITAL CORP COM 958102105 45,389 776,300 SH Put SOLE   776,300 0 0
WESTERN DIGITAL CORP COM 958102105 2,204 37,700 SH   SOLE   37,700 0 0