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
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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
Alps ETF TR ALERIAN MLP 00162Q866 200 19,960 SH   SOLE   19,960 0 0
Aberdeen Emerging Markets Equity Income COM 00301W105 666 91,632 SH   SOLE   91,632 0 0
Aberdeen Japan Equity Fund Inc COM 00306J109 193 27,700 SH   SOLE   27,700 0 0
Alliance California Municipal Income Fd COM 018546101 2,510 169,819 SH   SOLE   169,819 0 0
Anworth Mortgage Asset Corporation COM 037347101 461 114,058 SH   SOLE   114,058 0 0
Berkshire Hathaway Inc COM 084670108 2,410 8 SH   SOLE   8 0 0
BlackRock California Municipal Income T SH BEN INT 09248E102 4,353 339,250 SH   SOLE   339,250 0 0
BlackRock New York Municipal Bond COM 09249P106 638 45,088 SH   SOLE   45,088 0 0
BlackRock New York Municipal Income Quality Trust COM 09249U105 361 28,223 SH   SOLE   28,223 0 0
BlackRock MuniHoldings California Ql COM 09254L107 11,866 895,558 SH   SOLE   895,558 0 0
BlackRock MuniYield California Qlty COM 09254N103 795 59,051 SH   SOLE   59,051 0 0
BlackRock MuniHoldings New York Quality Fund Inc COM 09255C106 318 24,636 SH   SOLE   24,636 0 0
BlackRock Muni New York Inter Dur COM 09255F109 1,089 80,009 SH   SOLE   80,009 0 0
BlackRock Debt Strategies Fund Inc COM 09255R202 8,562 798,659 SH   SOLE   798,659 0 0
BrandywineGbl Global Income Oprt COM 10537L104 2,737 245,662 SH   SOLE   245,662 0 0
Central Securities Corp COM 155123102 246 8,579 SH   SOLE   8,579 0 0
Citigroup Inc COM 172967424 280 4,500 SH   SOLE   4,500 0 0
ClearBridge Energy Midstream Opportunity Fund Inc COM 18469P100 618 64,300 SH   SOLE   64,300 0 0
Dividend and Income Fund COM NEW 25538A204 293 25,786 SH   SOLE   25,786 0 0
Eaton Vance California Municipal Income T SH BEN INT 27826F101 2,041 170,088 SH   SOLE   170,088 0 0
Eaton Vance New York Municipal Income Trust COM 27826W104 398 32,245 SH   SOLE   32,245 0 0
Eaton Vance Floating-Rate Income Plus Fund COM 278284104 832 56,170 SH   SOLE   56,170 0 0
Eaton Vance California Municipal Bond Fd COM 27828A100 982 93,069 SH   SOLE   93,069 0 0
Ellington Financial Inc COM 28852N109 16,781 937,512 SH   SOLE   937,512 0 0
Enterprise Products Partners L COM 293792107 291 10,000 SH   SOLE   10,000 0 0
Equus Total Return Inc COM 294766100 104 54,210 SH   SOLE   54,210 0 0
Exantas Capital Corp COM NEW 30068N105 2,343 220,402 SH   SOLE   220,402 0 0
FS KKR Capital Corp COM 302635107 9,952 1,644,990 SH   SOLE   1,644,990 0 0
First Trust Senior Floating Rate Income Fd COM 33733U108 1,017 86,079 SH   SOLE   86,079 0 0
First Trust High Income L/S Fd COM 33738E109 3,707 253,711 SH   SOLE   253,711 0 0
Franklin Universal Trust COM 355145103 2,314 328,755 SH   SOLE   328,755 0 0
Front Yard Residential Corp REIT 35904G107 1,678 180,982 SH   SOLE   180,982 0 0
General American Investors Co COM 368802104 733 22,008 SH   SOLE   22,008 0 0
Global X MLP ETF COM 37950E473 1,702 191,916 SH   SOLE   191,916 0 0
Great Ajax Corp COM 38983D300 6,322 460,121 SH   SOLE   460,121 0 0
Highland Floating Rate Opport SHS BEN INT 43010E404 2,512 180,843 SH   SOLE   180,843 0 0
Hunt Cos Finance Trust Inc COM 44558T100 1,303 373,217 SH   SOLE   373,217 0 0
iShares MBS ETF COM 464288588 1,415 13,300 SH   SOLE   13,300 0 0
MFA Financial Inc COM 55272X102 3,699 508,794 SH   SOLE   508,794 0 0
MGIC Investment Corp COM 552848103 1,818 137,800 SH   SOLE   137,800 0 0
MVC Capital Inc COM 553829102 5,135 566,180 SH   SOLE   566,180 0 0
Mexico Equity & Income Fund In COM 592834105 401 37,722 SH   SOLE   37,722 0 0
Mexico Fund Inc COM 592835102 744 53,741 SH   SOLE   53,741 0 0
Neuberger Berman California Muni COM 64123C101 243 18,649 SH   SOLE   18,649 0 0
Nuveen North Carolina Quality M COM 67060P100 1,722 135,139 SH   SOLE   135,139 0 0
Nuveen New York AMT Qlty Muni COM 670656107 166 13,028 SH   SOLE   13,028 0 0
Nuveen Inter Duration Qual Mun TRM COM 670677103 1,312 100,270 SH   SOLE   100,270 0 0
OHA Investment Corp COM 67091U102 290 241,561 SH   SOLE   241,561 0 0
Nuveen Michigan Quality Mun Inc COM 670979103 2,961 223,654 SH   SOLE   223,654 0 0
Oaktree Specialty Lending Corp COM 67401P108 72 13,939 SH   SOLE   13,939 0 0
Pioneer Floating Rate Trust COM 72369J102 1,745 167,762 SH   SOLE   167,762 0 0
Portman Ridge Finance Corp COM 73688F102 70 19,408 SH   SOLE   19,408 0 0
Ready Capital Corp COM 75574U101 9,790 667,357 SH   SOLE   667,357 0 0
Resource Cap Corp NOTE 4.500% 8/1 76120WAC8 1,963 2,000,000 PRN   SOLE   2,000,000 0 0
Safeguard Scientifics Inc COM 786449207 4,373 402,998 SH   SOLE   402,998 0 0
Salient Midstream & MLP Fund SH BEN INT 79471V105 916 99,660 SH   SOLE   99,660 0 0
Western Asset Gl Hi Income COM 95766B109 631 67,197 SH   SOLE   67,197 0 0
Western Asset Inflation-Linked Opportunities & Income Fund COM 95766R104 111 10,358 SH   SOLE   10,358 0 0
Western Asset Corporate Loan F COM 95790J102 2,651 279,965 SH   SOLE   279,965 0 0
Adecoagro S A COM L00849106 4,211 611,129 SH   SOLE   611,129 0 0