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 389 77,924 SH   SOLE   77,924 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 330 24,000 SH   SOLE   0 0 24,000
ADVENT CLAY CONV SEC INC FD COM 007639107 31,647 5,179,540 SH   SOLE   5,179,540 0 0
ADVENT CLAYMORE CV SECS & IN COM 00764C109 40,971 2,616,294 SH   SOLE   2,616,294 0 0
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 11,240 1,331,810 SH   SOLE   1,331,810 0 0
AK STL HLDG CORP COM 001547108 661 92,000 SH   SOLE   92,000 0 0
ALLERGAN PLC SHS G0177J108 4,827 20,203 SH   SOLE   20,203 0 0
ALLIANZGI NFJ DIVID INT & PR COM 01883A107 12,401 962,090 SH   SOLE   962,090 0 0
ALPINE GLOBAL DYNAMIC DIVD F COM NEW 02082E205 8,566 877,639 SH   SOLE   877,639 0 0
ALPINE TOTAL DYNAMIC DIVID F COM SH BEN INT N 021060207 45,986 5,567,362 SH   SOLE   5,543,362 0 24,000
AMERICAN AIRLS GROUP INC COM 02376R102 74,025 1,750,000 SH Put SOLE   1,750,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 8,520 201,408 SH   SOLE   201,408 0 0
ANADARKO PETE CORP COM 032511107 18,730 302,100 SH Put SOLE   302,100 0 0
ANADARKO PETE CORP COM 032511107 270 4,347 SH   SOLE   4,347 0 0
AVON PRODS INC COM 054303102 3,055 694,224 SH   SOLE   694,224 0 0
BANCROFT FUND LTD COM 059695106 336 15,970 SH   SOLE   15,970 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 1,822 166,826 SH   SOLE   64,698 0 102,128
BLACKROCK DEBT STRAT FD INC COM NEW 09255R202 93,531 8,118,988 SH   SOLE   8,118,988 0 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 1,207 97,307 SH   SOLE   97,307 0 0
BLACKROCK MULTI-SECTOR INC T COM 09258A107 313 18,100 SH   SOLE   18,100 0 0
BROOKFIELD REAL ASSETS INCOM SHS BEN INT 112830104 781 34,301 SH   SOLE   34,301 0 0
CLOUGH GLOBAL DIVND AND INC COM 18913Y103 23,643 1,780,311 SH   SOLE   1,780,311 0 0
CLOUGH GLOBAL EQUITY FD COM 18914C100 31,268 2,473,734 SH   SOLE   2,473,734 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 56,127 5,454,549 SH   SOLE   5,454,549 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 32,874 3,706,181 SH   SOLE   3,706,181 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 99/99/9999 203668116 7 795,108 SH   SOLE   795,108 0 0
CONSOL ENERGY INC COM 20854P109 3,610 215,164 SH   SOLE   215,164 0 0
CREDIT SUISSE ASSET MGMT INC COM 224916106 19,619 5,945,208 SH   SOLE   5,945,208 0 0
DBX ETF TR DBXTR HAR CS 300 233051879 224 8,900 SH   SOLE   8,900 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 9,546 868,610 SH   SOLE   860,610 0 8,000
DELAWARE INVTS DIV & INCOME COM 245915103 3,379 327,067 SH   SOLE   320,917 0 6,150
DEUTSCHE GLOBAL HIGH INCOME COM 25158V108 3,202 377,197 SH   SOLE   377,197 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 27,767 1,895,375 SH   SOLE   1,895,375 0 0
DEUTSCHE MULTI-MKT INCOME TR SHS 25160E102 17,058 1,960,714 SH   SOLE   1,960,714 0 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 5,031 411,347 SH   SOLE   411,347 0 0
DIVIDEND & INCOME FUND COM NEW 25538A204 3,681 305,255 SH   SOLE   301,255 0 4,000
DYNEGY INC NEW DEL *W EXP 10/02/201 26817R116 55 1,394,423 SH   SOLE   1,394,423 0 0
ELLSWORTH GROWTH & INCOME FD COM 289074106 706 81,843 SH   SOLE   81,843 0 0
ENERGY XXI GULF COAST INC COM 29276K101 7,810 260,601 SH   SOLE   260,601 0 0
EUROPEAN EQUITY FUND COM 298768102 376 45,222 SH   SOLE   45,222 0 0
FIRST TR ABERDEEN GLBL OPP F COM SHS 337319107 372 32,005 SH   SOLE   32,005 0 0
FIRST TR HIGH INCOME L/S FD COM 33738E109 76,779 4,608,568 SH   SOLE   4,608,568 0 0
FIRST TR STRATEGIC HIGH INC COM SHS NEW 337353304 9,347 717,347 SH   SOLE   717,347 0 0
FRANKLIN LTD DURATION INC TR COM 35472T101 20,530 1,715,080 SH   SOLE   1,715,080 0 0
GENERAL AMERN INVS INC COM 368802104 39,568 1,180,791 SH   SOLE   1,168,291 0 12,500
GENWORTH FINL INC COM CL A 37247D106 10,666 2,588,820 SH   SOLE   2,588,820 0 0
HERTZ GLOBAL HLDGS INC COM 42806J106 8,795 501,433 SH   SOLE   501,433 0 0
HOSTESS BRANDS INC *W EXP 11/04/202 44109J114 1,860 659,572 SH   SOLE   659,572 0 0
ILG INC COM 44967H101 780 37,208 SH   SOLE   37,208 0 0
INVESCO HIGH INCOME TR II COM 46131F101 10,477 726,551 SH   SOLE   722,551 0 4,000
ISHARES TR IBOXX HI YD ETF 464288513 1,255 14,300 SH   SOLE   14,300 0 0
LAZARD GLB TTL RET&INCM FD I COM 52106W103 755 50,360 SH   SOLE   50,360 0 0
LAZARD WORLD DIVID & INCOME COM 521076109 652 61,223 SH   SOLE   61,223 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 17,561 1,374,096 SH   SOLE   1,374,096 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 11,962 2,190,809 SH   SOLE   2,138,809 0 52,000
LMP CAP & INCOME FD INC COM 50208A102 165 11,589 SH   SOLE   11,589 0 0
MADISON STRTG SECTOR PREM FD COM 558268108 230 18,887 SH   SOLE   18,887 0 0
MBIA INC COM 55262C100 2,688 317,342 SH   SOLE   317,342 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 5,803 673,976 SH   SOLE   673,976 0 0
MFS INTERMEDIATE HIGH INC FD SH BEN INT 59318T109 233 88,302 SH   SOLE   88,302 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 3,161 516,508 SH   SOLE   516,508 0 0
MGIC INVT CORP WIS COM 552848103 2,822 278,587 SH   SOLE   278,587 0 0
MORGAN STANLEY EM MKTS DM DE COM 617477104 2,755 363,485 SH   SOLE   363,485 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 926 99,090 SH   SOLE   89,090 0 10,000
MVC CAPITAL INC COM 553829102 162 18,000 SH   SOLE   18,000 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 9,013 758,703 SH   SOLE   758,703 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 286 53,762 SH   SOLE   53,762 0 0
NEW AMER HIGH INCOME FD INC COM NEW 641876800 142 15,050 SH   SOLE   15,050 0 0
NEW GOLD INC CDA COM 644535106 2,301 772,282 SH   SOLE   772,282 0 0
NIMBLE STORAGE INC COM 65440R101 7,714 617,100 SH Call SOLE   617,100 0 0
NUVEEN MULTI MKT INCOME FD COM 67075J107 128 17,285 SH   SOLE   17,285 0 0
OFFICE DEPOT INC COM 676220106 1,220 261,500 SH   SOLE   261,500 0 0
ONEMAIN HLDGS INC COM 68268W103 6,058 243,800 SH   SOLE   243,800 0 0
PACHOLDER HIGH YIELD FD INC COM 693742108 1,606 207,724 SH   SOLE   207,724 0 0
PENNEY J C INC COM 708160106 8,679 1,409,000 SH   SOLE   1,409,000 0 0
PUTMAN HIGH INCOME SEC FUND SHS BEN INT 746779107 2,817 324,901 SH   SOLE   324,901 0 0
RADIAN GROUP INC COM 750236101 2,143 119,300 SH Put SOLE   119,300 0 0
RADIAN GROUP INC COM 750236101 180 10,000 SH   SOLE   10,000 0 0
RITE AID CORP COM 767754104 2,005 471,700 SH   SOLE   471,700 0 0
ROYCE VALUE TR INC COM 780910105 5,545 396,064 SH   SOLE   396,064 0 0
SEADRILL LIMITED SHS G7945E105 8,548 5,180,800 SH Put SOLE   5,180,800 0 0
SOLARCITY CORP NOTE 2.750%11/0 83416TAA8 3,233 3,333,000 PRN   SOLE   3,333,000 0 0
SOLARCITY CORP NOTE 1.625%11/0 83416TAC4 3,115 3,475,000 PRN   SOLE   3,475,000 0 0
SUPERVALU INC COM 868536103 3,277 848,860 SH   SOLE   848,860 0 0
SWISS HELVETIA FD INC COM 870875101 116 10,000 SH   SOLE   10,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 8,756 494,382 SH   SOLE   494,382 0 0
TESLA INC NOTE 1.250% 3/0 88160RAC5 1,961 2,000,000 PRN   SOLE   2,000,000 0 0
TESLA INC NOTE 2.375% 3/1 88160RAD3 5,739 5,500,000 PRN   SOLE   5,500,000 0 0
TESLA INC COM 88160R101 27,830 100,000 SH Put SOLE   100,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 9,719 780,600 SH Put SOLE   780,600 0 0
TREEHOUSE FOODS INC COM 89469A104 383 4,529 SH   SOLE   4,529 0 0
UNISYS CORP COM NEW 909214306 1,139 81,644 SH   SOLE   81,644 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 25,544 2,315,900 SH   SOLE   2,315,900 0 0
VIRTUS TOTAL RETURN FD COM 92829A103 240 54,836 SH   SOLE   54,836 0 0
VOYA GLBL EQTY DIV & PREM OP COM 92912T100 881 120,000 SH   SOLE   0 0 120,000
WELLS FARGO GLOBAL DIVIDEND COM 94987C103 17,958 3,085,529 SH   SOLE   3,075,529 0 10,000
WELLS FARGO INCOME OPPORTUNI WF INC OPPTY FD 94987B105 295 35,071 SH   SOLE   455 0 34,616
WELLS FARGO MULTI SECTOR INC COM 94987D101 81,986 6,150,514 SH   SOLE   6,150,514 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 27,613 1,781,493 SH   SOLE   1,781,493 0 0
WESTERN ASSET GLB HI INCOME COM 95766B109 3,457 342,271 SH   SOLE   335,271 0 7,000
WESTERN ASSET HGH YLD DFNDFD COM 95768B107 528 34,354 SH   SOLE   22,354 0 12,000
WESTERN ASSET HIGH INCM OPP COM 95766K109 205 40,600 SH   SOLE   600 0 40,000
ZWEIG FD COM NEW 989834205 190 17,066 SH   SOLE   17,066 0 0