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
ALLIANZGI CON INCM 2024 TARG COM 01883H102 1,617 174,863 SH   DFND 1 2 174,863 0 0
APOLLO TACTICAL INCOME FD IN COM 037638103 471 30,163 SH   DFND 1 2 30,163 0 0
AVAYA HLDGS CORP COM 05351X101 2,494 124,182 SH   DFND 1 2 124,182 0 0
BLACKROCK 2022 GBL INCM OPP COM 09258P104 473 52,808 SH   DFND 1 2 52,808 0 0
BLACKROCK CALIF MUN INCOME T SH BEN INT 09248E102 656 50,355 SH   DFND 1 2 50,355 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 1,000 75,697 SH   DFND 1 2 75,697 0 0
BLACKROCK MUNI N Y INTER DUR COM 09255F109 153 12,053 SH   DFND 1 2 12,053 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 304 23,400 SH   DFND 1 2 23,400 0 0
BLACKROCK MUNIHLDGS FD II IN COM 09253P109 680 49,068 SH   DFND 1 2 49,068 0 0
BLACKROCK MUNIHLDGS NY QLTY COM 09255C106 168 13,514 SH   DFND 1 2 13,514 0 0
BLACKROCK MUNIHLDNGS CALI QL COM 09254L107 580 43,981 SH   DFND 1 2 43,981 0 0
BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 270 20,909 SH   DFND 1 2 20,909 0 0
BLACKROCK MUNIYIELD CALI QLT COM 09254N103 1,412 105,855 SH   DFND 1 2 105,855 0 0
BLACKROCK MUNIYIELD N J FD I COM 09254Y109 777 56,327 SH   DFND 1 2 56,327 0 0
BLACKROCK MUNIYIELD NY QLTY COM 09255E102 2,000 166,534 SH   DFND 1 2 166,534 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 1,389 110,254 SH   DFND 1 2 110,254 0 0
DELAWARE INV MN MUN INC FD I COM 24610V103 1,061 85,697 SH   DFND 1 2 85,697 0 0
DEUTSCHE MUN INCOME COM 25160C106 4,292 389,461 SH   DFND 1 2 389,461 0 0
DEUTSCHE STRATEGIC MUN INCOM COM 25159F102 573 52,660 SH   DFND 1 2 52,660 0 0
DREYFUS HIGH YIELD STRATEGIE SH BEN INT 26200S101 132 41,851 SH   DFND 1 2 41,851 0 0
DTF TAX-FREE INCOME INC COM 23334J107 231 17,364 SH   DFND 1 2 17,364 0 0
EATON VANCE CALIF MUN BD FD COM 27828A100 775 75,000 SH   DFND 1 2 75,000 0 0
EATON VANCE FLTNG RATE 2022 COM 27831H100 1,961 207,774 SH   DFND 1 2 207,774 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 197 15,629 SH   DFND 1 2 15,629 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 560 47,256 SH   DFND 1 2 47,256 0 0
EATON VANCE TAX ADV BD OPT S COM SH BEN INT 27829M103 368 40,244 SH   DFND 1 2 40,244 0 0
FIRST TR SR FLOATING RATE 20 COM SHS 33740K101 1,542 166,118 SH   DFND 1 2 166,118 0 0
GAMCO NAT RES GOLD & INCOME SH BEN INT 36465E101 236 37,236 SH   DFND 1 2 37,236 0 0
HALCON RES CORP *W EXP 09/09/202 40537Q118 5 11,671 SH   DFND 1 2 11,671 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 131 11,300 SH   DFND 1 2 11,300 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107 1,774 151,100 SH   DFND 1 2 151,100 0 0
INVESCO MUN TR COM 46131J103 305 25,800 SH   DFND 1 2 25,800 0 0
INVESCO PA VALUE MUN INCOME COM 46132K109 221 18,460 SH   DFND 1 2 18,460 0 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 702 58,928 SH   DFND 1 2 58,928 0 0
INVESCO SR INCOME TR COM 46131H107 107 25,000 SH   DFND 1 2 25,000 0 0
IVY HIGH INC OPPORTUNITIES F COM 465893105 991 69,137 SH   DFND 1 2 69,137 0 0
MIMEDX GROUP INC COM 602496101 28 160,000 SH Put DFND 1 2 160,000 0 0
NEUBERGER BERMAN CA INT MUN COM 64123C101 392 31,302 SH   DFND 1 2 31,302 0 0
NEUBERGER BERMAN NY INT MUN COM 64124K102 608 52,927 SH   DFND 1 2 52,927 0 0
NUVEEN CALIFORNIA AMT QLT MU COM 670651108 1,019 75,000 SH   DFND 1 2 75,000 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 875 110,000 SH   DFND 1 2 110,000 0 0
NUVEEN EMERGING MKTS DEBT 20 COM 67077P101 138 15,768 SH   DFND 1 2 15,768 0 0
NUVEEN GEORGIA QLTY MUN INC COM 67072B107 267 23,562 SH   DFND 1 2 23,562 0 0
NUVEEN MUN 2021 TARGET TERM COM 670687102 899 95,101 SH   DFND 1 2 95,101 0 0
NUVEEN MUN VALUE FD INC COM 670928100 239 25,000 SH   DFND 1 2 25,000 0 0
NUVEEN NEW JERSEY QULT MUN F COM 67069Y102 861 65,978 SH   DFND 1 2 65,978 0 0
NUVEEN NEW YORK AMT QLT MUNI COM 670656107 1,269 103,788 SH   DFND 1 2 103,788 0 0
NUVEEN NORTH CAROLINA QLTY M COM 67060P100 570 46,207 SH   DFND 1 2 46,207 0 0
NUVEEN OHIO QLTY MUN INCOME COM 670980101 694 49,958 SH   DFND 1 2 49,958 0 0
NUVEEN PENNSYLVANIA QLT MUN COM 670972108 159 12,600 SH   DFND 1 2 12,600 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 522 39,259 SH   DFND 1 2 39,259 0 0
NUVEEN TEXAS QLTY MUN INCME COM 670983105 626 48,995 SH   DFND 1 2 48,995 0 0
REVLON INC CL A NEW 761525609 3 10,000 SH Call DFND 1 2 10,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 60 50,000 SH Put DFND 1 2 50,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,069 15,000 SH   DFND 1 2 15,000 0 0
TAL ED GROUP SPONSORED ADS 874080104 4 20,000 SH Put DFND 1 2 20,000 0 0
TESLA INC COM 88160R101 175 17,500 SH Put DFND 1 2 17,500 0 0
TRIANGLE CAP CORP COM 895848109 575 50,000 SH   DFND 1 2 50,000 0 0
URBAN ONE INC CL D NON VTG 91705J204 665 316,613 SH   DFND 1 2 316,613 0 0
VANECK VECTORS ETF TR JP MORGAN MKTS 92189F494 19 40,000 SH Put DFND 1 2 40,000 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 526 104,624 SH   DFND 1 2 104,624 0 0
WESTERN ASSET CORPORATE LN F COM 95790J102 293 28,996 SH   DFND 1 2 28,996 0 0
WESTERN ASSET INTM MUNI FD I COM 958435109 352 40,582 SH   DFND 1 2 40,582 0 0