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
ADVENT CLAY CONV SEC INC FD COM 007639107 32,351 5,192,780 SH   SOLE   5,192,780 0 0
ADVENT CLAYMORE CV SECS & IN COM 00764C109 42,399 2,625,329 SH   SOLE   2,625,329 0 0
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 11,733 1,340,954 SH   SOLE   1,340,954 0 0
AK STL HLDG CORP COM 001547108 5,699 867,390 SH   SOLE   867,390 0 0
ALLIANZGI NFJ DIVID INT & PR COM 01883A107 10,913 833,660 SH   SOLE   833,660 0 0
ALPINE GLOBAL DYNAMIC DIVD F COM NEW 02082E205 7,705 753,182 SH   SOLE   742,516 0 10,666
ALPINE TOTAL DYNAMIC DIVID F COM SH BEN INT N 021060207 55,018 6,331,197 SH   SOLE   6,128,147 0 203,050
AMERICAN AIRLS GROUP INC COM 02376R102 27,676 550,000 SH Put SOLE   550,000 0 0
ANADARKO PETE CORP COM 032511107 13,697 302,100 SH Put SOLE   302,100 0 0
ANADARKO PETE CORP COM 032511107 197 4,347 SH   SOLE   4,347 0 0
AVON PRODS INC COM 054303102 7,220 1,900,095 SH   SOLE   1,900,095 0 0
BANCROFT FUND LTD COM 059695106 345 15,970 SH   SOLE   15,970 0 0
BARRETT BILL CORP COM 06846N104 1,633 532,035 SH   SOLE   532,035 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 1,839 167,750 SH   SOLE   64,698 0 103,052
BLACKROCK DEBT STRAT FD INC COM NEW 09255R202 93,693 8,118,988 SH   SOLE   8,118,988 0 0
BLACKROCK ENHANCED GBL DIV T COM 092501105 725 54,728 SH   SOLE   54,728 0 0
BLACKROCK MULTI-SECTOR INC T COM 09258A107 328 18,100 SH   SOLE   18,100 0 0
BON-TON STORES INC COM 09776J101 13 30,005 SH   SOLE   30,005 0 0
BROOKFIELD REAL ASSETS INCOM SHS BEN INT 112830104 795 34,301 SH   SOLE   34,301 0 0
CHESAPEAKE ENERGY CORP NOTE 5.500% 9/1 165167CS4 41,655 44,450,000 PRN   SOLE   44,450,000 0 0
CLOUGH GLOBAL DIVND AND INC COM 18913Y103 24,201 1,814,145 SH   SOLE   1,803,645 0 10,500
CLOUGH GLOBAL EQUITY FD COM 18914C100 32,139 2,546,667 SH   SOLE   2,531,167 0 15,500
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 78,220 7,379,266 SH   SOLE   7,279,633 0 99,633
COMMUNITY HEALTH SYS INC NEW COM 203668108 35,372 3,551,383 SH   SOLE   3,551,383 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 99/99/9999 203668116 16 795,108 SH   SOLE   795,108 0 0
CONSOL ENERGY INC COM 20854P109 6,215 415,966 SH   SOLE   415,966 0 0
CREDIT SUISSE ASSET MGMT INC COM 224916106 20,035 5,945,208 SH   SOLE   5,945,208 0 0
DBX ETF TR DBXTR HAR CS 300 233051879 243 8,900 SH   SOLE   8,900 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 11,940 1,047,343 SH   SOLE   1,014,343 0 33,000
DELAWARE INVTS DIV & INCOME COM 245915103 3,204 306,317 SH   SOLE   234,510 0 71,807
DEUTSCHE GLOBAL HIGH INCOME COM 25158V108 3,285 377,197 SH   SOLE   377,197 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 25,718 1,728,353 SH   SOLE   1,728,353 0 0
DEUTSCHE MULTI-MKT INCOME TR SHS 25160E102 12,365 1,405,086 SH   SOLE   1,405,086 0 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 2,487 200,716 SH   SOLE   200,716 0 0
DIVIDEND & INCOME FUND COM NEW 25538A204 3,832 310,255 SH   SOLE   301,255 0 9,000
DYNEGY INC NEW DEL COM 26817R108 2,252 272,346 SH   SOLE   272,346 0 0
DYNEGY INC NEW DEL *W EXP 10/02/201 26817R116 95 1,394,423 SH   SOLE   1,394,423 0 0
ELLSWORTH GROWTH & INCOME FD COM 289074106 731 80,143 SH   SOLE   80,143 0 0
ENERGY XXI GULF COAST INC COM 29276K101 4,839 260,601 SH   SOLE   260,601 0 0
ENSCO PLC SHS CLASS A G3157S106 602 116,570 SH   SOLE   116,570 0 0
EUROPEAN EQUITY FUND COM 298768102 415 45,222 SH   SOLE   45,222 0 0
FIRST TR ABERDEEN GLBL OPP F COM SHS 337319107 188 16,112 SH   SOLE   16,112 0 0
FIRST TR HIGH INCOME L/S FD COM 33738E109 77,176 4,476,541 SH   SOLE   4,476,541 0 0
FIRST TR STRATEGIC HIGH INC COM SHS NEW 337353304 11,193 820,026 SH   SOLE   721,650 0 98,376
FRANKLIN LTD DURATION INC TR COM 35472T101 3,348 283,039 SH   SOLE   283,039 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 1,555 1,340,139 SH   SOLE   1,340,139 0 0
GENERAL AMERN INVS INC COM 368802104 39,205 1,141,332 SH   SOLE   1,141,332 0 0
GENWORTH FINL INC COM CL A 37247D106 13,924 3,693,407 SH   SOLE   3,693,407 0 0
HERTZ GLOBAL HLDGS INC COM 42806J106 12,701 1,104,410 SH   SOLE   1,104,410 0 0
HOSTESS BRANDS INC *W EXP 11/04/202 44109J114 1,919 659,572 SH   SOLE   659,572 0 0
INVESCO HIGH INCOME TR II COM 46131F101 12,046 807,399 SH   SOLE   758,000 0 49,399
ISHARES TR IBOXX HI YD ETF 464288513 999 11,300 SH   SOLE   11,300 0 0
LAZARD GLB TTL RET&INCM FD I COM 52106W103 823 50,360 SH   SOLE   50,360 0 0
LAZARD WORLD DIVID & INCOME COM 521076109 675 61,223 SH   SOLE   61,223 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 16,479 1,245,560 SH   SOLE   1,245,560 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 13,751 2,429,484 SH   SOLE   2,138,809 0 290,675
LMP CAP & INCOME FD INC COM 50208A102 165 11,589 SH   SOLE   11,589 0 0
MBIA INC COM 55262C100 2,116 224,342 SH   SOLE   224,342 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 811 93,815 SH   SOLE   93,815 0 0
MORGAN STANLEY EM MKTS DM DE COM 617477104 1,917 241,723 SH   SOLE   241,723 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 13,592 1,374,349 SH   SOLE   1,281,849 0 92,500
MVC CAPITAL INC COM 553829102 177 18,000 SH   SOLE   18,000 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 9,021 758,703 SH   SOLE   758,703 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 290 53,762 SH   SOLE   53,762 0 0
NEW AMER HIGH INCOME FD INC COM NEW 641876800 143 15,050 SH   SOLE   15,050 0 0
NEW GOLD INC CDA COM 644535106 4,574 1,438,265 SH   SOLE   1,438,265 0 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 383 22,704 SH   SOLE   185 0 22,519
NUVEEN MULTI MKT INCOME FD COM 67075J107 130 17,285 SH   SOLE   17,285 0 0
OCWEN FINL CORP COM NEW 675746309 1,330 494,461 SH   SOLE   494,461 0 0
ONEMAIN HLDGS INC COM 68268W103 5,732 233,083 SH   SOLE   233,083 0 0
PACHOLDER HIGH YIELD FD INC COM 693742108 1,618 203,224 SH   SOLE   203,224 0 0
PARKER DRILLING CO COM 701081101 582 430,824 SH   SOLE   430,824 0 0
PENNEY J C INC COM 708160106 5,655 1,216,100 SH   SOLE   1,216,100 0 0
PIONEER ENERGY SVCS CORP COM 723664108 492 240,025 SH   SOLE   240,025 0 0
PRUDENTIAL GLB SHT DUR HG YL COM 74433A109 702 47,225 SH   SOLE   168 0 47,057
PUTMAN HIGH INCOME SEC FUND SHS BEN INT 746779107 2,856 324,901 SH   SOLE   324,901 0 0
RADIAN GROUP INC COM 750236101 1,950 119,300 SH Put SOLE   119,300 0 0
RADIAN GROUP INC COM 750236101 164 10,000 SH   SOLE   10,000 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 3,503 342,052 SH   SOLE   342,052 0 0
ROYCE VALUE TR INC COM 780910105 4,686 321,167 SH   SOLE   321,167 0 0
SEADRILL LIMITED SHS G7945E105 1,302 3,605,900 SH Put SOLE   3,605,900 0 0
SEARS HLDGS CORP COM 812350106 1,102 124,325 SH   SOLE   124,325 0 0
SM ENERGY CO COM 78454L100 4,687 283,526 SH   SOLE   283,526 0 0
SOLARCITY CORP NOTE 2.750%11/0 83416TAA8 2,338 2,333,000 PRN   SOLE   2,333,000 0 0
SOLARCITY CORP NOTE 1.625%11/0 83416TAC4 3,299 3,475,000 PRN   SOLE   3,475,000 0 0
SUPERVALU INC COM 868536103 3,793 1,152,860 SH   SOLE   1,152,860 0 0
TEMPLETON EMERG MKTS INCOME COM 880192109 4,306 383,769 SH   SOLE   330,323 0 53,446
TENET HEALTHCARE CORP COM NEW 88033G407 15,670 810,262 SH   SOLE   810,262 0 0
TESLA INC NOTE 1.250% 3/0 88160RAC5 5,801 5,000,000 PRN   SOLE   5,000,000 0 0
TESLA INC NOTE 2.375% 3/1 88160RAD3 6,935 5,500,000 PRN   SOLE   5,500,000 0 0
TESLA INC NOTE 0.250% 3/0 88160RAB7 1,432 1,250,000 PRN   SOLE   1,250,000 0 0
TESLA INC COM 88160R101 36,161 100,000 SH Put SOLE   100,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 6,424 780,600 SH Put SOLE   780,600 0 0
UNISYS CORP COM NEW 909214306 780 60,944 SH   SOLE   60,944 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 28,073 1,622,688 SH   SOLE   1,622,688 0 0
VIRTUS TOTAL RETURN FUND INC COM 92837G100 384 31,366 SH   SOLE   31,366 0 0
VOYA GLBL ADV & PREM OPP FD COM 92912R104 1,889 174,755 SH   SOLE   90,555 0 84,200
VOYA GLBL EQTY DIV & PREM OP COM 92912T100 110 14,560 SH   SOLE   14,560 0 0
WELLS FARGO GLOBAL DIVIDEND COM 94987C103 19,552 3,194,833 SH   SOLE   3,194,833 0 0
WELLS FARGO MULTI SECTOR INC COM 94987D101 44,411 3,326,688 SH   SOLE   3,326,688 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 18,101 1,162,573 SH   SOLE   1,162,573 0 0
WESTERN ASSET GLB HI INCOME COM 95766B109 3,199 318,007 SH   SOLE   309,007 0 9,000
WESTERN ASSET HGH YLD DFNDFD COM 95768B107 662 43,354 SH   SOLE   22,354 0 21,000