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 CHILE FD INC COM 00301W105 10,688 1,196,815 SH   SOLE   1,196,815 0 0
ABERDEEN GTR CHINA FD COM 003031101 3,887 311,172 SH   SOLE   311,172 0 0
ABERDEEN EMERGING MKTS SMALL COM 00301T102 1,931 132,834 SH   SOLE   132,834 0 0
ABERDEEN INDONESIA FD COM 00305P106 2,315 302,970 SH   SOLE   302,970 0 0
ABERDEEN ISRAEL FUND INC COM 00301L109 5,694 297,626 SH   SOLE   297,626 0 0
ABERDEEN JAPAN EQUITY FD COM 00306J109 5,219 578,783 SH   SOLE   578,783 0 0
ABERDEEN LATIN AMERICAN EQTY COM 00306K106 2,779 104,021 SH   SOLE   104,021 0 0
ABERDEEN SINGAPORE FD INC COM 003244100 4,928 396,796 SH   SOLE   396,796 0 0
ADAMS EXPRESS COMPANY COM 006212104 3,606 239,896 SH   SOLE   239,896 0 0
ALLIANCE CALIF MUNI INCOME COM 018546101 2,046 150,583 SH   SOLE   150,583 0 0
ALPINE GLOBAL PREMIER PPTYS COM 02083A103 832 123,487 SH   SOLE   123,487 0 0
ANDINA ACQUISITION CORP II SHS G0441P104 2,032 197,297 SH   SOLE   197,297 0 0
ASIA PAC FD INC COM COM 044901106 446 30,920 SH   SOLE   30,920 0 0
ASIA TIGERS FUND INC COM 04516T105 2,207 178,434 SH   SOLE   178,434 0 0
ATLANTIC ACQUISITION CORP COM 048206106 2,956 299,750 SH   SOLE   299,750 0 0
ATLANTIC ACQUISITION COR -RTS Rights 048206304 79 150,000 SH   SOLE   150,000 0 0
AVISTA HEALTHCARE PUB ACQ CO COM G0726L125 2,997 302,136 SH   SOLE   302,136 0 0
AVISTA HEALTHCARE PUB ACQ CO *W EXP 99/99/999 G0726L117 71 254,286 SH   SOLE   254,286 0 0
BARINGTON HILCO ACQUISITION COM 06759V101 543 52,080 SH   SOLE   52,080 0 0
BARINGTON HILCO ACQUISITION *W EXP 02/11/201 06759V127 3 49,649 SH   SOLE   49,649 0 0
BIG ROCK PARTNERS ACQUISITION CORP UNIT 1 COM & 1/2 WT EXP & 1 RT Unit 089482202 2,559 250,000 SH   SOLE   250,000 0 0
BISON CAPITAL ACQUISITION UNIT G1142P120 2,054 200,000 SH   SOLE   200,000 0 0
BLACK RIDGE ACQUISITION CORP COM COM 09216T107 303 31,300 SH   SOLE   31,300 0 0
BLACK RIDGE ACQUISITION CORP RTS EXP Rights 09216T123 3 11,500 SH   SOLE   11,500 0 0
BLACK RIDGE ACQUISTION CORP Unit 09216T206 3,538 349,000 SH   SOLE   349,000 0 0
BLACKROCK DEBT STRAT FD INC COM NEW 09255R202 369 31,558 SH   SOLE   31,558 0 0
BLACKROCK NEW YORK MUN INCOME QUALITY TR COM COM 09249U105 1,064 80,822 SH   SOLE   80,822 0 0
BOULDER GROWTH & INCM FD INC COM 101507101 4,731 426,605 SH   SOLE   426,605 0 0
CENTRAL SECS CORP COM COM 155123102 10,061 399,077 SH   SOLE   399,077 0 0
CHINA FUND INC COM 169373107 15,163 700,385 SH   SOLE   700,385 0 0
CM SEVEN STAR ACQUISTION SHS G2345N102 4,887 506,394 SH   SOLE   506,394 0 0
CM SEVEN STAR ACQUISITION CORP RTS EXP 2018 ISIN#KYG2345N1363 Rights G2345N136 84 261,898 SH   SOLE   261,898 0 0
CM SEVEN STAR ACQUISITION CORP WTS EXP 08/21/2022 ISIN#KYG2345N1108 Warrants G2345N110 38 130,949 SH   SOLE   130,949 0 0
CONSTELLATION ALPHA CAPITAL CORP REGISTERED SHS ISIN#VGG2379F1080 SHS G2379F108 564 58,000 SH   SOLE   58,000 0 0
CONSTELLATION ALPHA CAPITAL UNIT G2379F124 507 50,000 SH   SOLE   50,000 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 10,146 836,428 SH   SOLE   836,428 0 0
DELAWARE INV DIVIDEND & INV COM 245915103 1,953 182,008 SH   SOLE   182,008 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 14,808 985,907 SH   SOLE   985,907 0 0
DEUTSCHE MULTI-MARKET INCOME SHS 25160E102 7,243 818,416 SH   SOLE   818,416 0 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 2,760 221,887 SH   SOLE   221,887 0 0
DIVIDEND & INCOME FD COM NEW COM NEW 25538A204 247 18,379 SH   SOLE   18,379 0 0
DRAPER OAKWOOD TECHNOLOGY AC Unit 26146L202 2,630 250,000 SH   SOLE   250,000 0 0
ELECTRUM SPL ACQUISITION COR SHS G3105C104 565 54,749 SH   SOLE   54,749 0 0
ELECTRUM SPL ACQUISITION COR *W EXP 99/99/999 G3105C112 59 147,507 SH   SOLE   147,507 0 0
EQUUS TOTAL RETURN INC COM 294766100 1,193 497,162 SH   SOLE   497,162 0 0
FORUM MERGER CORP COM 34984V103 4,206 421,422 SH   SOLE   421,422 0 0
FORUM MERGER CORP Rights 34985B129 278 421,422 SH   SOLE   421,422 0 0
FORUM MERGER CORP WTS Warrants 34985B111 143 210,711 SH   SOLE   210,711 0 0
FRANKLIN UNVL TR SH BEN INT 355145103 3,100 432,408 SH   SOLE   432,408 0 0
GABELLI EQUITY TRUST COM 362397101 882 142,471 SH   SOLE   142,471 0 0
GABELLI GLOBAL SMALL & MID CAP VALUE TR COM COM 36249W104 356 27,953 SH   SOLE   27,953 0 0
GDL FUND COM 361570104 112 11,554 SH   SOLE   11,554 0 0
GENERAL AMERICAN INVESTORS COM 368802104 1,679 48,808 SH   SOLE   48,808 0 0
GIGCAPITAL INC Unit 37518N205 2,520 252,000 SH   SOLE   252,000 0 0
GREAT ELM CAP CORP COM 390320109 4,084 415,072 SH   SOLE   415,072 0 0
GSV CAPITAL CORP COM 36191J101 328 60,104 SH   SOLE   60,104 0 0
HAYMAKER ACQUISITION CORP UNIT 1 COM & 1/2 WT EXP EXP 10/23/24 Unit 420870206 115 11,600 SH   SOLE   11,600 0 0
HERZFELD CARIBBEAN BASIN FD COM 42804T106 500 69,940 SH   SOLE   69,940 0 0
HILL INTERNATIONAL INC COM 431466101 18,384 3,373,163 SH   SOLE   3,373,163 0 0
HUNTER MARITIME ACQUISITION CL A Y37828111 1,823 186,827 SH   SOLE   186,827 0 0
HUNTER MARITIME ACQUISITION Unit Y37828103 298 30,002 SH   SOLE   30,002 0 0
HUNTER MARITIME ACQUISITION WTS W EXP 99/99/999 Y37828129 28 93,414 SH   SOLE   93,414 0 0
I-AM CAPITAL ACQUISITION CO COM 45074Q108 2,465 250,000 SH   SOLE   250,000 0 0
I AM CAP ACQUISITION CO Rights 45074Q124 75 250,000 SH   SOLE   250,000 0 0
I AM CAP ACQUISITION CO Warrants 45074Q116 83 250,000 SH   SOLE   250,000 0 0
INDUSTREA ACQUISITION CORP Unit 45579J203 6,043 600,000 SH   SOLE   600,000 0 0
INVESCO PA VALUE MUN INCOME TR COM 46132K109 760 65,566 SH   SOLE   65,566 0 0
JAPAN SMALLER CAPTLZTN FD INC COM 47109U104 8,551 724,064 SH   SOLE   724,064 0 0
KAYNE ANDERSON ACQUISITION CORP UNIT 1 COM & 1/3 WT PER AGENT EXP 06/30/2022 Unit 48661U201 194 19,464 SH   SOLE   19,464 0 0
KBL MERGER CORP IV Unit 48242A203 5,100 502,000 SH   SOLE   502,000 0 0
LAZARD GLOBAL TOT RT & INC COM 52106W103 5,985 332,527 SH   SOLE   332,527 0 0
LAZARD WORLD DIVIDEND & INCOME COM 521076109 2,319 205,939 SH   SOLE   205,939 0 0
LEISURE ACQUISITION CORP UNIT 1 COM & 1/2 WT EXP Unit 52539T206 1,128 113,900 SH   SOLE   113,900 0 0
LIBERTY ALL STAR EQUITY FD SH SH BEN INT 530158104 2,215 386,706 SH   SOLE   386,706 0 0
M I ACQUISITIONS INC COM 55304A104 3,966 389,235 SH   SOLE   389,235 0 0
M I ACQUISITIONS INC *W EXP 99/99/999 55304A112 136 387,235 SH   SOLE   387,235 0 0
M III ACQUISITION CORP COM COM 55378T104 3,068 309,311 SH   SOLE   309,311 0 0
M III ACQUISITION CORP COM *w exp 10/10/2020 55304T112 183 232,411 SH   SOLE   232,411 0 0
MODERN MEDIA ACQUISITION COR COM 60765P103 2,847 289,686 SH   SOLE   289,686 0 0
MODERN MEDIA ACQUISITION-RTS Rights 60765P129 110 282,325 SH   SOLE   282,325 0 0
MODERN MEDIA ACQUISITIO-CW22 Warrants 60765P111 81 147,043 SH   SOLE   147,043 0 0
MORGAN STANLEY ASIA PAC FD COM 61744U106 4,456 452,116 SH   SOLE   452,116 0 0
MVC CAPITAL INC COM 553829102 8,470 802,106 SH   SOLE   802,106 0 0
NEW IRELAND FUND COM 645673104 2,109 168,328 SH   SOLE   168,328 0 0
NEW YORK REIT INC COM 64976L109 16,413 4,176,416 SH   SOLE   4,176,416 0 0
NUVEEN CONNECTICUT QLTY MUN FD COM 67060D107 3,559 298,595 SH   SOLE   298,595 0 0
ORIGO ACQUISITION CORP COM G67789126 2,969 279,077 SH   SOLE   279,077 0 0
ORIGO ACQUISITION CORP-RTS RIGHT 12/12/2016 G67789134 36 73,423 SH   SOLE   73,423 0 0
ORIGO ACQUISITION COR. WT *W EXP 12/17/202 G67789118 36 73,423 SH   SOLE   73,423 0 0
PENSARE ACQUISITION CORP COM 70957E105 1,631 168,831 SH   SOLE   168,831 0 0
PENSARE ACQUISITION CORP Rights 70957E121 72 84,594 SH   SOLE   84,594 0 0
PENSARE ACQUISITION CORP Warrants 70957E117 23 42,297 SH   SOLE   42,297 0 0
PUTNAM HIGH INCOME SECURITIE SHS BEN INT 746779107 14,930 1,655,168 SH   SOLE   1,655,168 0 0
ROYCE VALUE TRUST COM 780910105 602 37,200 SH   SOLE   37,200 0 0
SOURCE CAPITAL INC COM 836144105 7,395 181,439 SH   SOLE   181,439 0 0
STELLAR ACQUISITION III INC COM Y8172W107 6,715 657,658 SH   SOLE   657,658 0 0
STELLAR AQCUISITION III *W EXP 03/22/202 Y8172W115 200 645,219 SH   SOLE   645,219 0 0
STEWART INFORMATION SERVICES COM 860372101 25,932 613,048 SH   SOLE   613,048 0 0
SWISS HELVETIA FUND COM 870875101 25,695 2,013,715 SH   SOLE   2,013,715 0 0
TAIWAN FD INC COM 874036106 6,211 297,297 SH   SOLE   297,297 0 0
THAI FUND INC COM COM 882904105 5,585 519,020 SH   SOLE   519,020 0 0
TRI CONTL CORP COM COM 895436103 7,111 263,957 SH   SOLE   263,957 0 0
TRINITY PLACE HOLDINGS INC COM 89656D101 1,046 150,493 SH   SOLE   150,493 0 0
VIVOPOWER INTERNATIONAL PLC SHS G9376R100 164 56,895 SH   SOLE   56,895 0 0