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
A H BELO CORP COM CL A 001282102 165 35,942 SH   SOLE   35,942 0 0
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 231 26,775 SH   SOLE   26,775 0 0
ADVISORY BRD CO COM 00762W107 1,813 33,800 SH   SOLE   33,800 0 0
ALERE INC COM 01449J105 1,438 28,197 SH   SOLE   28,197 0 0
ALTABA INC COM 021346101 40,943 618,101 SH   SOLE   618,101 0 0
ANCHOR BANCORP WA COM 032838104 4,599 185,813 SH   SOLE   185,813 0 0
ANDINA ACQUISITION CORP II RIGHT 09/01/2017 G0441P120 111 187,500 SH   SOLE   187,500 0 0
ANDINA ACQUISITION CORP II SHS G0441P104 1,905 187,500 SH   SOLE   187,500 0 0
ANDINA ACQUISITION CORP II *W EXP 11/23/202 G0441P138 68 187,500 SH   SOLE   187,500 0 0
ASB BANCORP INC N C COM 00213T109 1,625 33,312 SH   SOLE   33,312 0 0
AVISTA HEALTHCARE PUB ACQ CO *W EXP 99/99/999 G0726L117 60 150,000 SH   SOLE   150,000 0 0
AVISTA HEALTHCARE PUB ACQ CO CL A G0726L125 1,500 150,000 SH   SOLE   150,000 0 0
BARD C R INC COM 067383109 21,906 68,350 SH   SOLE   68,350 0 0
BARINGTON HILCO ACQUISITION COM 06759V101 2,844 274,740 SH   SOLE   274,740 0 0
BISON CAP ACQUISITION CORP UNIT 99/99/9999T G1142P120 1,027 100,000 SH   SOLE   100,000 0 0
BOULEVARD ACQUISITION *W EXP 09/25/202 10157Q110 111 124,450 SH   SOLE   124,450 0 0
BOULEVARD ACQUISITION CL A 10157Q102 5,578 557,819 SH   SOLE   557,819 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 3,412 285,528 SH   SOLE   285,528 0 0
BROOKDALE SR LIVING INC COM 112463104 1,903 179,500 SH   SOLE   179,500 0 0
CALPINE CORP COM NEW 131347304 1,996 135,300 SH   SOLE   135,300 0 0
CAPITAL BK FINL CORP CL A COM 139794101 3,383 82,414 SH   SOLE   82,414 0 0
CLOUGH GLOBAL EQUITY FD COM 18914C100 672 50,658 SH   SOLE   50,658 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 2,531 226,798 SH   SOLE   226,798 0 0
CONSTELLATION ALPHA CAP CORP UNIT 99/99/9999 G2379F124 1,540 150,000 SH   SOLE   150,000 0 0
CORNERSTONE STRATEGIC VALUE COM 21924B302 14,704 992,811 SH   SOLE   992,811 0 0
CORNERSTONE TOTAL RTRN FD IN COM 21924U300 11,684 798,667 SH   SOLE   798,667 0 0
COTY INC COM CL A 222070203 1,197 72,394 SH   SOLE   72,394 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 270 25,081 SH   SOLE   25,081 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 1,354 17,539 SH   SOLE   17,539 0 0
DEPOMED INC COM 249908104 87 15,100 SH   SOLE   15,100 0 0
DIGITALGLOBE INC COM NEW 25389M877 4,608 130,725 SH   SOLE   130,725 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 1,029 48,333 SH   SOLE   48,333 0 0
DIVIDEND & INCOME FUND COM NEW 25538A204 272 21,188 SH   SOLE   21,188 0 0
DOMINION DIAMOND CORP COM 257287102 152 10,719 SH   SOLE   10,719 0 0
DOUBLE EAGLE ACQUISITION COR COM G28195124 4,484 444,000 SH   SOLE   444,000 0 0
DOUBLE EAGLE ACQUISITION COR *W EXP 09/16/202 G28195116 306 444,000 SH   SOLE   444,000 0 0
DOWDUPONT INC COM 26078J100 2,755 39,800 SH Call SOLE   39,800 0 0
DRAPER OAKWOOD TECHNOLOGY UNIT 09/30/2024 26146L202 1,840 180,000 SH   SOLE   180,000 0 0
ELECTRUM SPL ACQUISITION COR SHS G3105C104 2,354 229,645 SH   SOLE   229,645 0 0
ENDOCYTE INC COM 29269A102 20 14,200 SH   SOLE   14,200 0 0
FINTECH ACQUISITION CORP II UNIT 99/99/9999 31810G208 853 81,200 SH   SOLE   81,200 0 0
FIRSTHAND TECH VALUE FD INC COM 33766Y100 241 30,064 SH   SOLE   30,064 0 0
FORESTAR GROUP INC COM 346232101 1,463 85,050 SH   SOLE   85,050 0 0
FORUM MERGER CORP RIGHT 06/01/2019 34985B129 80 234,000 SH   SOLE   234,000 0 0
FORUM MERGER CORP *W EXP 06/01/202 34985B111 45 117,000 SH   SOLE   117,000 0 0
FORUM MERGER CORP COM CL A 34985B103 2,276 234,000 SH   SOLE   234,000 0 0
GABELLI EQUITY TR INC COM 362397101 462 71,096 SH   SOLE   71,096 0 0
GENERAL COMMUNICATION INC CL A 369385109 1,643 40,284 SH   SOLE   40,284 0 0
HOME BANCSHARES INC COM 436893200 4,858 192,641 SH   SOLE   192,641 0 0
HSN INC COM 404303109 814 20,842 SH   SOLE   20,842 0 0
IAC INTERACTIVECORP COM 44919P508 2,603 22,136 SH   SOLE   22,136 0 0
INDUSTREA ACQUISITION CORP UNIT 07/21/2024 45579J203 5,055 500,000 SH   SOLE   500,000 0 0
ISHARES TR U.S. REAL ES ETF 464287739 262 3,276 SH   SOLE   3,276 0 0
KBL MERGER CORP IV COM 48242A104 3,888 400,000 SH   SOLE   400,000 0 0
KBL MERGER CORP IV RIGHT 03/22/2019 48242A120 116 400,000 SH   SOLE   400,000 0 0
KBL MERGER CORP IV *W EXP 01/15/202 48242A112 68 400,000 SH   SOLE   400,000 0 0
KITE PHARMA INC COM 49803L109 899 5,000 SH   SOLE   5,000 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 8,315 156,040 SH   SOLE   156,040 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 208 34,538 SH   SOLE   34,538 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 1,692 71,197 SH   SOLE   71,197 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 1,531 45,147 SH   SOLE   45,147 0 0
LOEWS CORP COM 540424108 7,289 152,300 SH   SOLE   152,300 0 0
LUNA INNOVATIONS COM 550351100 58 34,483 SH   SOLE   34,483 0 0
MERRIMACK PHARMACEUTICALS IN COM NEW 590328209 224 15,407 SH   SOLE   15,407 0 0
MFS INVT GRADE MUN TR SH BEN INT 59318B108 108 10,779 SH   SOLE   10,779 0 0
MODERN MEDIA ACQUISITION RIGHT 99/99/9999 60765P129 120 324,000 SH   SOLE   324,000 0 0
MODERN MEDIA ACQUISITION COM 60765P103 3,519 360,000 SH   SOLE   360,000 0 0
MODERN MEDIA ACQUISITION *W EXP 05/17/202 60765P111 97 180,000 SH   SOLE   180,000 0 0
MODUSLINK GLOBAL SOLUTIONS I COM NEW 60786L206 131 69,804 SH   SOLE   69,804 0 0
MONSANTO CO NEW COM 61166W101 3,928 32,783 SH   SOLE   32,783 0 0
NEW IRELAND FUND INC COM 645673104 137 10,000 SH   SOLE   10,000 0 0
NEW YORK REIT INC COM 64976L109 5,393 686,976 SH   SOLE   686,976 0 0
NEXPOINT CR STRATEGIES FD COM NEW 65340G205 1,002 43,463 SH   SOLE   43,463 0 0
NEXTDECADE CORP *W EXP 07/23/202 65342K113 70 75,000 SH   SOLE   75,000 0 0
NOVELION THERAPEUTICS INC COM NEW 67001K202 256 36,428 SH   SOLE   36,428 0 0
NXP SEMICONDUCTORS N V COM N6596X109 10,145 89,710 SH   SOLE   89,710 0 0
NXSTAGE MEDICAL INC COM 67072V103 737 26,721 SH   SOLE   26,721 0 0
OFS CAP CORP COM 67103B100 436 33,072 SH   SOLE   33,072 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 4,706 174,614 SH   SOLE   174,614 0 0
PARAGON COML CORP COM NEW 69911U403 407 7,207 SH   SOLE   7,207 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106 561 38,756 SH   SOLE   38,756 0 0
PENSARE ACQUISITION CORP RIGHT 99/99/9999 70957E121 240 600,000 SH   SOLE   600,000 0 0
PENSARE ACQUISITION CORP *W EXP 07/27/202 70957E113 150 300,000 SH   SOLE   300,000 0 0
PENSARE ACQUISITION CORP COM 70957E105 5,805 600,000 SH   SOLE   600,000 0 0
QIWI PLC SPON ADR REP B 74735M108 1,033 61,000 SH   SOLE   61,000 0 0
REALNETWORKS INC COM NEW 75605L708 127 26,522 SH   SOLE   26,522 0 0
REAVES UTIL INCOME FD RIGHT 10/04/2017 756158135 30 80,504 SH   SOLE   80,504 0 0
REAVES UTIL INCOME FD COM SH BEN INT 756158101 316 9,979 SH   SOLE   9,979 0 0
RENTECH INC COM NEW 760112201 60 131,249 SH   SOLE   131,249 0 0
RICE ENERGY INC COM 762760106 1,158 40,000 SH   SOLE   40,000 0 0
RITE AID CORP COM 767754104 1,054 537,946 SH   SOLE   537,946 0 0
ROCKWELL COLLINS INC COM 774341101 1,307 10,000 SH   SOLE   10,000 0 0
ROYAL BANCSHARES PA INC CL A 780081105 654 146,532 SH   SOLE   146,532 0 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 6,200 464,436 SH   SOLE   464,436 0 0
SAMSON OIL & GAS LTD SPON ADR NEW 796043206 5 14,119 SH   SOLE   14,119 0 0
SANOFI RIGHT 12/31/2020 80105N113 56 155,177 SH   SOLE   155,177 0 0
SCICLONE PHARMACEUTICALS INC COM 80862K104 958 85,500 SH   SOLE   85,500 0 0
SOUTHWEST BANCORP INC OKLA COM 844767103 4,160 150,983 SH   SOLE   150,983 0 0
SYMANTEC CORP COM 871503108 232 7,082 SH   SOLE   7,082 0 0
TEGNA INC COM 87901J105 133 10,000 SH   SOLE   10,000 0 0
TIME WARNER INC COM NEW 887317303 31,365 306,146 SH   SOLE   306,146 0 0
TRANS WORLD ENTMT CORP COM 89336Q100 21 10,400 SH   SOLE   10,400 0 0
TRIBUNE MEDIA CO CL A 896047503 4,522 110,667 SH   SOLE   110,667 0 0
TURKISH INVT FD INC COM 900145103 2,341 249,714 SH   SOLE   249,714 0 0
VIACOM INC NEW CL B 92553P201 3,173 113,970 SH   SOLE   113,970 0 0
VIACOM INC NEW CL A 92553P102 734 20,000 SH Put SOLE   20,000 0 0
VIDEOCON D2H LTD ADR 92657J101 126 14,125 SH   SOLE   14,125 0 0
VWR CORP COM 91843L103 1,763 53,252 SH   SOLE   53,252 0 0
WASHINGTONFIRST BANKSHARES I COM 940730104 513 14,408 SH   SOLE   14,408 0 0
WEST CORP COM 952355204 2,538 108,141 SH   SOLE   108,141 0 0
WESTAR ENERGY INC COM 95709T100 3,703 74,652 SH   SOLE   74,652 0 0
WRIGHT MED GROUP N V RIGHT 03/01/2019 N96617126 59 38,308 SH   SOLE   38,308 0 0
XCERRA CORP COM 98400J108 945 95,919 SH   SOLE   95,919 0 0