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 2,618 605,933 SH   SOLE   565,802 0 40,131
ABERDEEN GLOBAL DYNAMIC DIVI COM 00302M106 4,789 467,184 SH   SOLE   440,626 0 26,558
ABERDEEN GLOBAL INCOME FD IN COM 003013109 999 126,163 SH   SOLE   121,781 0 4,382
ABERDEEN INCOME CR STRATEGIE COM 003057106 1,591 115,241 SH   SOLE   104,983 0 10,258
ABERDEEN TOTAL DYNAMIC DIVD COM SH BEN INT 00326L100 2,862 327,086 SH   SOLE   279,370 0 47,716
ADAMS DIVERSIFIED EQUITY FD COM 006212104 6,846 443,946 SH   SOLE   415,740 0 28,206
ADVENT CLAY CONV SEC INC FD COM 007639107 1,893 338,705 SH   SOLE   315,218 0 23,487
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 255 32,972 SH   SOLE   29,175 0 3,797
ALLIANZGI CON INCM 2024 TARG COM 01883H102 2,808 303,525 SH   SOLE   264,897 0 38,628
ALLIANZGI NFJ DIVID INT & PR COM 01883A107 4,949 392,171 SH   SOLE   344,039 0 48,132
APOLLO TACTICAL INCOME FD IN COM 037638103 2,663 170,728 SH   SOLE   160,054 0 10,674
ARES DYNAMIC CR ALLOCATION F COM 04014F102 435 27,036 SH   SOLE   26,870 0 166
BANCROFT FUND LTD COM 059695106 686 31,365 SH   SOLE   27,949 0 3,416
BLACKROCK 2022 GBL INCM OPP COM 09258P104 958 107,033 SH   SOLE   102,843 0 4,190
BLACKROCK CORPOR HI YLD FD I COM 09255P107 188 18,000 SH   SOLE   18,000 0 0
BLACKROCK ENH CAP & INC FD I COM 09256A109 466 28,758 SH   SOLE   28,758 0 0
BLACKROCK ENHANCED GBL DIV T COM 092501105 4,044 363,689 SH   SOLE   342,584 0 21,105
BLACKROCK ENHANCED INTL DIV COM BENE INTER 092524107 2,655 462,617 SH   SOLE   446,283 0 16,334
BLACKROCK FLOAT RATE OME STR COM 09255X100 448 32,254 SH   SOLE   32,254 0 0
BLACKROCK LTD DURATION INC T COM SHS 09249W101 2,600 174,881 SH   SOLE   151,767 0 23,114
BOULDER GROWTH & INCOME FD I COM 101507101 8,938 869,426 SH   SOLE   811,941 0 57,485
CBRE CLARION GLOBAL REAL EST COM 12504G100 160 21,200 SH   SOLE   21,200 0 0
CENTRAL SECS CORP COM 155123102 8,489 304,716 SH   SOLE   287,137 0 17,579
CHINA FD INC COM 169373107 895 42,811 SH   SOLE   32,875 0 9,936
CLOUGH GLOBAL DIVND AND INC COM 18913Y103 308 24,766 SH   SOLE   24,766 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 462 42,040 SH   SOLE   42,040 0 0
COHEN & STEERS QUALITY RLTY COM 19247L106 144 12,000 SH   SOLE   12,000 0 0
CREDIT SUISSE ASSET MGMT INC COM 224916106 571 180,576 SH   SOLE   159,080 0 21,496
DEUTSCHE MULTI-MKT INCOME TR SHS 25160E102 1,480 168,037 SH   SOLE   141,150 0 26,887
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 497 40,615 SH   SOLE   35,623 0 4,992
DREYFUS ALCENTRA GBL CR INCO COM 26189A105 3,816 416,120 SH   SOLE   375,422 0 40,698
DREYFUS HIGH YIELD STRATEGIE SH BEN INT 26200S101 2,320 736,452 SH   SOLE   627,272 0 109,180
EAGLE GRWTH & INCOME OPPTY F COM SHS BEN IN 26958j105 2,126 138,203 SH   SOLE   134,807 0 3,396
EATON VANCE LTD DUR INCOME F COM 27828H105 5,194 412,867 SH   SOLE   373,312 0 39,555
EATON VANCE SH TM DR DIVR IN COM 27828V104 1,614 123,967 SH   SOLE   116,630 0 7,337
EATON VANCE SR INCOME TR SH BEN INT 27826S103 2,764 433,194 SH   SOLE   417,300 0 15,894
EATON VANCE TAX ADV BD OPT S COM SH BEN INT 27829M103 770 84,207 SH   SOLE   69,329 0 14,878
EUROPEAN EQUITY FUND COM 298768102 2,210 235,311 SH   SOLE   217,880 0 17,431
FIRST TR ABERDEEN GLBL OPP F COM SHS 337319107 2,019 201,319 SH   SOLE   176,281 0 25,038
FIRST TR DYNAMIC EUROPE EQT COM SHS 33740d107 3,123 193,516 SH   SOLE   181,696 0 11,820
FIRST TR HIGH INCOME L/S FD COM 33738E109 3,772 256,050 SH   SOLE   226,891 0 29,159
FIRST TR SR FLG RTE INCM FD COM 33733U108 689 53,649 SH   SOLE   46,401 0 7,248
FIRST TR SR FLOATING RATE 20 COM SHS 33740K101 665 71,707 SH   SOLE   45,504 0 26,203
FRANKLIN UNVL TR SH BEN INT 355145103 926 138,616 SH   SOLE   120,676 0 17,940
GABELLI DIVD & INCOME TR COM 36242H104 2,967 131,502 SH   SOLE   125,833 0 5,669
GABELLI GLB SML & MD CP VAL COM 36249W104 1,922 158,603 SH   SOLE   142,953 0 15,650
GENERAL AMERN INVS INC COM 368802104 9,788 285,206 SH   SOLE   265,354 0 19,852
HANCOCK JOHN INVS TR COM 410142103 1,227 76,905 SH   SOLE   74,057 0 2,848
HANCOCK JOHN TAX-ADV DIV INC COM 41013V100 1,237 52,911 SH   SOLE   51,133 0 1,778
HERZFELD CARIBBEAN BASIN FD COM 42804T106 683 103,532 SH   SOLE   98,221 0 5,311
INVESCO DYNAMIC CR OPP FD COM 46132R104 1,443 124,178 SH   SOLE   119,675 0 4,503
INVESCO HIGH INCOME TR II COM 46131F101 178 13,230 SH   SOLE   11,850 0 1,380
INVESCO SR INCOME TR COM 46131H107 342 79,854 SH   SOLE   78,108 0 1,746
IVY HIGH INC OPPORTUNITIES F COM 465893105 3,805 265,559 SH   SOLE   236,548 0 29,011
LAZARD WORLD DIVID & INCOME COM 521076109 545 52,630 SH   SOLE   49,370 0 3,260
LMP CAP & INCOME FD INC COM 50208A102 675 52,495 SH   SOLE   48,622 0 3,873
MACQUARIE FT TR GB INF UT DI COM 55607W100 141 13,063 SH   SOLE   13,063 0 0
MADISON CVRED CALL & EQ STR COM 557437100 2,795 375,171 SH   SOLE   336,978 0 38,193
MFS CHARTER INCOME TR SH BEN INT 552727109 224 28,200 SH   SOLE   15,321 0 12,879
MFS INTER INCOME TR SH BEN INT 55273C107 80 20,629 SH   SOLE   20,629 0 0
MFS INTERMEDIATE HIGH INC FD SH BEN INT 59318T109 219 86,777 SH   SOLE   84,148 0 2,629
MORGAN STANLEY CHINA A SH FD COM 617468103 681 29,500 SH   SOLE   27,978 0 1,522
MORGAN STANLEY EMER MKTS DEB COM 61744H105 116 13,220 SH   SOLE   13,220 0 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 291 17,892 SH   SOLE   17,892 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 2,867 264,998 SH   SOLE   237,991 0 27,007
NEW GERMANY FD INC COM 644465106 3,682 201,872 SH   SOLE   194,501 0 7,371
NEW IRELAND FUND INC COM 645673104 986 84,416 SH   SOLE   71,499 0 12,917
NUVEEN CR OPPORTUNITIES 2022 COM 67075U102 122 12,897 SH   SOLE   12,897 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 299 37,641 SH   SOLE   36,250 0 1,391
NUVEEN DIVERSIFIED DIV INCM COM 6706EP105 279 23,900 SH   SOLE   23,900 0 0
NUVEEN FLOATING RATE INCOME COM 67072T108 714 68,354 SH   SOLE   46,419 0 21,935
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN100 234 22,520 SH   SOLE   22,520 0 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 1,584 102,612 SH   SOLE   85,852 0 16,760
NUVEEN PFD & INCM OPPORTNYS COM 67073B106 168 18,000 SH   SOLE   16,146 0 1,854
NUVEEN PFD & INCM SECURTIES COM 67072C105 467 53,004 SH   SOLE   53,004 0 0
NUVEEN REAL ESTATE INCOME FD COM 67071B108 187 18,679 SH   SOLE   16,949 0 1,730
NUVEEN SR INCOME FD COM 67067Y104 2,364 379,466 SH   SOLE   333,332 0 46,134
NUVEEN TAX ADVANTAGED DIV GR COM 67073G105 2,841 172,301 SH   SOLE   163,637 0 8,664
NUVEEN TX ADV TOTAL RET STRG COM 67090H102 2,518 195,638 SH   SOLE   188,488 0 7,150
PIONEER DIV HIGH INCOME TRUS COM 723653101 3,185 218,627 SH   SOLE   212,622 0 6,005
PIONEER FLOATING RATE TR COM 72369J102 3,313 296,292 SH   SOLE   252,029 0 44,263
PIONEER HIGH INCOME TR COM 72369H106 947 101,977 SH   SOLE   98,319 0 3,658
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 614 131,399 SH   SOLE   113,581 0 17,818
RIVERNORTH DOUBLELINE STRATE COM 76882G107 745 42,117 SH   SOLE   34,903 0 7,214
ROYCE GLOBAL VALUE TR INC COM 78081T104 1,370 130,310 SH   SOLE   117,621 0 12,689
ROYCE MICRO-CAP TR INC COM 780915104 5,346 535,168 SH   SOLE   508,230 0 26,938
SOURCE CAP INC COM 836144105 8,951 225,177 SH   SOLE   209,646 0 15,531
SPECIAL OPPORTUNITIES FD INC COM 84741T104 6,701 446,144 SH   SOLE   421,779 0 24,365
SPECIAL OPPORTUNITIES FD INC PFD CONV SE B 84741T302 931 36,515 SH   SOLE   33,506 0 3,009
SPROTT FOCUS TR INC COM 85208J109 682 87,227 SH   SOLE   84,924 0 2,303
SWISS HELVETIA FD INC COM 870875101 303 24,511 SH   SOLE   24,077 0 434
TEKLA HEALTHCARE INVS SH BEN INT 87911J103 556 25,870 SH   SOLE   24,818 0 1,052
TEMPLETON DRAGON FD INC COM 88018T101 636 29,854 SH   SOLE   29,854 0 0
TEMPLETON GLOBAL INCOME FD COM 880198106 129 20,957 SH   SOLE   17,717 0 3,240
TRI CONTL CORP COM 895436103 9,081 342,551 SH   SOLE   318,961 0 23,590
VIRTUS GLOBAL MULTI-SEC INC COM 92829B101 1,743 130,383 SH   SOLE   116,188 0 14,195
VOYA ASIA PAC DIVID EQUITY I COM 92912J102 402 40,193 SH   SOLE   23,152 0 17,041
VOYA EMERGING MKTS HIGH DIVI COM 92912P108 402 49,936 SH   SOLE   49,936 0 0
WELLS FARGO GLOBAL DIVIDEND COM 94987C103 226 40,496 SH   SOLE   36,098 0 4,398
WELLS FARGO INCOME OPPORTUNI WF INC OPPTY FD 94987B105 2,315 289,756 SH   SOLE   260,146 0 29,610
WELLS FARGO MULTI SECTOR INC COM 94987D101 193 15,500 SH   SOLE   15,500 0 0
WESTERN ASSET GLB HI INCOME COM 95766B109 2,625 287,805 SH   SOLE   278,242 0 9,563
WESTERN ASSET HGH YLD DFNDFD COM 95768B107 369 25,313 SH   SOLE   19,345 0 5,968
WESTERN ASSET HIGH INCM FD I COM 95766J102 1,780 276,432 SH   SOLE   261,616 0 14,816
WESTERN ASSET HIGH INCM OPP COM 95766K109 230 47,626 SH   SOLE   43,628 0 3,998
XAI OCTAGON FLOATNG RATE ALT COM 98400T106 1,702 186,233 SH   SOLE   161,363 0 24,870