President

0001398344-16-020749.txt : 20161114 0001398344-16-020749.hdr.sgml : 20161111 20161114163515 ACCESSION NUMBER: 0001398344-16-020749 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161114 DATE AS OF CHANGE: 20161114 EFFECTIVENESS DATE: 20161114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Thomas J. Herzfeld Advisors, Inc. CENTRAL INDEX KEY: 0001509510 IRS NUMBER: 592414380 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14375 FILM NUMBER: 161995320 BUSINESS ADDRESS: STREET 1: 119 WASHINGTON AVENUE, SUITE 504 CITY: MIAMI BEACH STATE: FL ZIP: 33139 BUSINESS PHONE: 305-271-1900 MAIL ADDRESS: STREET 1: 119 WASHINGTON AVENUE, SUITE 504 CITY: MIAMI BEACH STATE: FL ZIP: 33139 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001509510 XXXXXXXX 09-30-2016 09-30-2016 false Thomas J. Herzfeld Advisors, Inc.

119 Washington Avenue, Suite 504 Miami Beach FL 33139

13F HOLDINGS REPORT 028-14375 N Erik M. Herzfeld President 305-271-1900 /s/ Erik M. Herzfeld Miami Beach FL 11-14-2016 1 294 187781 1 0000019481 028-00085 Virtus Investment Advisers, Inc. INFORMATION TABLE 2 fp0022466_13fhr-table.xml 13F INFORMATION TABLE 3M Company COM 88579Y101 171 972 SH SOLE 972 0 0 Abbott Laboratories COM 002824100 53 1249 SH SOLE 1249 0 0 Aberdeen Chile Fund Inc. COM 00301W105 35 5560 SH SOLE 5560 0 0 Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc. COM 00301T102 52 4147 SH SOLE 4147 0 0 Aberdeen Indonesia Fund, Inc. COM 00305P106 93 14020 SH SOLE 14020 0 0 Aberdeen Israel Fund, Inc. COM 00301L109 34 2050 SH SOLE 2050 0 0 Aberdeen Japan Equity Fund, Inc. COM 00306J109 2527 307474 SH OTR 1 236426 71048 0 Aberdeen Singapore Fund, Inc. COM 003244100 168 17917 SH SOLE 17917 0 0 Adams Diversified Equity Fund, Inc. COM 006212104 5772 438936 SH OTR 1 386747 52189 0 Adams Natural Resources Fund, Inc. COM 00548F105 2623 131615 SH OTR 1 93669 37946 0 Advent Claymore Convertible Securities & Income Fund II COM 007639107 43 7516 SH SOLE 7516 0 0 Advent/Claymore Enhanced Growth & Income Fund COM 00765E104 444 53177 SH SOLE 53177 0 0 Alexion Pharmaceuticals, Inc. COM 015351109 12 98 SH SOLE 98 0 0 Allegion PLC ORD SHS G0176J109 27 386 SH SOLE 386 0 0 Alliance California Municipal Income Fund, Inc. COM 018546101 108 7021 SH SOLE 7021 0 0 AllianceBernstein National Municipal Income Fund COM 01864U106 211 14355 SH SOLE 14355 0 0 AllianzGI Equity & Convertible Income Fund COM 018829101 37 2000 SH SOLE 2000 0 0 AllianzGI NFJ Dividend, Interest & Premium Strategy Fund COM 01883A107 781 61787 SH OTR 1 4080 57707 0 Alpine Global Dynamic Dividend Fund COM NEW 02082E205 2918 335383 SH OTR 1 229624 105759 0 Alpine Total Dynamic Dividend Fund COM SH BEN INT 021060207 5225 684803 SH OTR 1 557969 126834 0 America Movil S.A.B. de C.V. SPON ADR L SHS 02364W105 511 44690 SH SOLE 44690 0 0 American Electric Power Co., Inc. COM 025537101 34 528 SH SOLE 528 0 0 American Express Company COM 025816109 44 689 SH SOLE 689 0 0 Amgen Inc. COM 031162100 117 700 SH SOLE 700 0 0 AmpliPhi Biosciences Corporation COM NEW 03211P202 2 1000 SH SOLE 1000 0 0 Apollo Tactical Income Fund Inc COM 037638103 933 60320 SH SOLE 60320 0 0 Apple Inc. COM 037833100 78 689 SH SOLE 689 0 0 Archer Daniels Midland Company COM 039483102 211 5000 SH SOLE 5000 0 0 Ares Dynamic Credit Allocation Fund, Inc. COM 04014F102 24 1596 SH SOLE 1596 0 0 Asia Pacific Fund COM 044901106 54 5150 SH SOLE 5150 0 0 ASML Holding NV N Y REGISTRY SHS N07059210 35 317 SH SOLE 317 0 0 AstraZeneca PLC SPONSORED ADR 046353108 23 690 SH SOLE 690 0 0 ATN International Inc. COM 00215F107 780 11988 SH SOLE 11988 0 0 Avenue Income Credit Strategies Fund COM 05358E106 89 6864 SH SOLE 6864 0 0 Avianca Holdings S.A. SPON ADR REP PFD 05367G100 1247 192368 SH SOLE 192368 0 0 Baidu, Inc. SPON ADR REP A 056752108 32 176 SH SOLE 176 0 0 Banco Bilbao Vizcaya Argentaria, S.A. SPONSORED ADR 05946K101 24 4079 SH SOLE 4079 0 0 Bancolombia S.A. SPON ADR PREF 05968L102 772 19780 SH SOLE 19780 0 0 Bancroft Fund Ltd. COM 059695106 36 1703 SH SOLE 1703 0 0 BioMarin Pharmaceutical Inc. COM 09061G101 37 400 SH SOLE 400 0 0 BlackRock Credit Allocation Income Trust COM 092508100 260 19474 SH SOLE 19474 0 0 BlackRock Enhanced Equity Dividend Trust COM 09251A104 10 1300 SH SOLE 1300 0 0 BlackRock Limited Duration Income Trust COM SHS 09249W101 4 250 SH SOLE 250 0 0 BlackRock Multi-Sector Income Trust COM 09258A107 266 15591 SH SOLE 15591 0 0 BlackRock Muni Intermediate Duration Fund, Inc. COM 09253X102 136 9000 SH SOLE 9000 0 0 BlackRock Municipal 2030 Target Term Trust COM SHS BEN IN 09257P105 30 1241 SH SOLE 1241 0 0 BlackRock Resources & Commodities Strategy Trust SHS 09257A108 128 15756 SH SOLE 15756 0 0 BlackRock Science and Technology Trust SHS 09258G104 9530 511548 SH OTR 1 389264 122284 0 Blackstone/GSO Strategic Credit Fund COM SHS BEN IN 09257R101 183 12281 SH SOLE 12281 0 0 Boulder Growth and Income Fund, Inc. COM 101507101 13732 1638672 SH OTR 1 1377670 261002 0 Bristol-Myers Squibb Company COM 110122108 92 1700 SH SOLE 1700 0 0 British America Tobacco PLC SPONSORED ADR 110448107 34 266 SH SOLE 266 0 0 Brookfield Global Listed Infrastructure Income Fund COM SHS 11273Q109 63 4561 SH SOLE 4561 0 0 Brookfield High Income Fund Inc. COM 11272P102 21 2931 SH SOLE 2931 0 0 Brookfield Mortgage Opportunity Income Fund COM 112792106 28 1835 SH SOLE 1835 0 0 Calamos Global Dynamic Income Fund COM 12811L107 111 14800 SH SOLE 14800 0 0 Canadian Natural Resources Limited COM 136385101 29 894 SH SOLE 894 0 0 Carnival Corp. UNIT 143658300 2021 41400 SH SOLE 41400 0 0 Caterpillar Inc. COM 149123101 61 692 SH SOLE 692 0 0 Celgene Corporation COM 151020104 84 800 SH SOLE 800 0 0 Cemex, S.A.B. de C.V. SPON ADR NEW 151290889 1622 204298 SH SOLE 204298 0 0 Central Europe Russia and Turkey Fund COM 153436100 34 1776 SH SOLE 1776 0 0 Central Securities Corp. COM 155123102 2496 117506 SH SOLE 117506 0 0 Check Point Software Technologies Ltd. ORD M22465104 16 202 SH SOLE 202 0 0 Chevron Corporation COM 166764100 72 700 SH SOLE 700 0 0 China Fund, Inc. COM 169373107 58 3500 SH SOLE 3500 0 0 China Petroleum & Chemical Corp. SPON ADR H SHS 16941R108 34 466 SH SOLE 466 0 0 Chubb Limited COM H1467J104 31 246 SH SOLE 246 0 0 Cisco Systems, Inc. COM 17275R102 22 691 SH SOLE 691 0 0 ClearBridge American Energy MLP Fund Inc. COM 184691103 93 10362 SH SOLE 10362 0 0 ClearBridge Energy MLP Total Return Fund Inc. COM 18469Q108 57 4326 SH SOLE 4326 0 0 Clough Global Allocation Fund COM 18913Y103 36 3000 SH SOLE 3000 0 0 Clough Global Opportunities Fund SH BEN INT 18914E106 749 77490 SH OTR 1 37013 40477 0 Coca Cola Femsa S.A.B. de C.V. SPON ADR REP L 191241108 660 8799 SH SOLE 8799 0 0 Coca-Cola European Partners PLC SHS G25839104 31 774 SH SOLE 774 0 0 Cohen & Steers Closed-End Opportunity Fund, Inc. COM 19248P106 285 23218 SH SOLE 23218 0 0 Cohen & Steers Global Income Builder, Inc. COM 19248M103 6 635 SH SOLE 635 0 0 Cohen & Steers Infrastructure Fund, Inc. COM 19248A109 1493 69303 SH SOLE 69303 0 0 Cohen & Steers MLP Income and Energy Opportunity Fund COM SHS 19249B106 781 72621 SH SOLE 72621 0 0 Consolidated Water Co. Ltd. ORD G23773107 1505 129538 SH SOLE 129538 0 0 Copa Holdings SA CL A P31076105 3741 42550 SH SOLE 42550 0 0 Cornerstone Strategic Value Fund Inc. COM 21924B302 12 809 SH SOLE 809 0 0 Credicorp Ltd. COM G2519Y108 28 187 SH SOLE 187 0 0 Cushing MLP Total Return Fund COM NEW 231631201 129 9899 SH SOLE 9899 0 0 Cushing Renaissance Fund COM 231647108 213 12905 SH SOLE 12905 0 0 CVS Health Corporation COM 126650100 35 389 SH SOLE 389 0 0 Delaware Enhanced Global Dividend & Income Fund COM 246060107 379 37455 SH OTR 1 18583 18872 0 Delaware Investments Dividend and Income Fund, Inc. COM 245915103 26 2624 SH SOLE 2624 0 0 Delphi Automotive PLC SHS G27823106 20 279 SH SOLE 279 0 0 Deutsche Multi-Market Income Trust SHS 25160E102 104 12133 SH SOLE 12133 0 0 Deutsche Strategic Income Trust SHS 25160F109 5 400 SH SOLE 400 0 0 Diageo PLC SPON ADR NEW 25243Q205 31 268 SH SOLE 268 0 0 Diversified Real Asset Income Fund COM SHS 25533B108 1380 80067 SH OTR 1 60441 19626 0 Dominion Resources, Inc. COM 25746U109 32 435 SH SOLE 435 0 0 DoubleLine Income Solutions Fund COM 258622109 48 2500 SH SOLE 2500 0 0 Dreyfus Municipal Bond Infrastructure Fund, Inc. SHS 26203D101 1 37 SH SOLE 37 0 0 E.I. du Pont de Nemours and Company COM 263534109 84 1249 SH SOLE 1249 0 0 Eaton Vance California Municipal Income Trust SH BEN INT 27826F101 36 2608 SH SOLE 2608 0 0 Eaton Vance Floating-Rate Income Plus Fund COM SHS BEN INT 278284104 23 1471 SH SOLE 1471 0 0 Eaton Vance Limited Duration Income Fund COM 27828H105 36 2600 SH SOLE 2600 0 0 Eaton Vance Risk-Managed Diversified Equity Income Fund COM 27829G106 118 12500 SH SOLE 12500 0 0 Eaton Vance Tax-Managed Global Diversified Equity Income Fund COM 27829F108 11 1300 SH SOLE 1300 0 0 Eli Lilly and Company COM 532457108 48 600 SH SOLE 600 0 0 Empire State Realty Trust, Inc. CL A 292104106 710 33894 SH SOLE 33894 0 0 Equus Total Return, Inc. COM 294766100 113 60735 SH SOLE 60735 0 0 Era Group Inc. COM 26885G109 173 21515 SH SOLE 21515 0 0 European Equity Fund, Inc. COM 298768102 74 9358 SH SOLE 9358 0 0 Evertec Inc. COM 30040P103 397 23643 SH SOLE 23643 0 0 Exxon Mobil Corporation COM 30231G102 97 1112 SH SOLE 1112 0 0 First Trust Dynamic Europe Equity Income Fund COM SHS 33740D107 2010 127856 SH OTR 1 88901 38955 0 First Trust Energy Infrastructure Fund COM 33738C103 2935 152919 SH SOLE 152919 0 0 First Trust High Income Long/Short Fund COM 33738E109 698 44775 SH SOLE 44775 0 0 First Trust ISE Cloud Computing Index ISE CLOUD COMP 33734X192 7 209 SH SOLE 209 0 0 First Trust Mortgage Income Fund COM SHS 33734E103 37 2535 SH SOLE 2535 0 0 Fomento Economico Mexicano, S.A.B. de C.V. SPON ADR UNITS 344419106 1115 12110 SH SOLE 12110 0 0 Freeport McMoran Copper & Gold CL B 35671D857 348 32000 SH SOLE 32000 0 0 Fresh Del Monte Produce Inc. ORD G36738105 300 5000 SH SOLE 5000 0 0 Gabelli Dividend & Income Trust COM 36242H104 939 48861 SH SOLE 48861 0 0 Gabelli Equity Trust, Inc. COM 362397101 23 3991 SH SOLE 3991 0 0 Gabelli Global Small and Mid-Cap Value Fund COM 36249W104 8 700 SH SOLE 700 0 0 Gabelli Global Utility & Income Trust COM SH BEN INT 36242L105 27 1463 SH SOLE 1463 0 0 Gabelli Healthcare & Wellness (Rx) Trust SHS 36246K103 2531 243149 SH OTR 1 185992 57157 0 Gabelli Multimedia Trust Inc. COM 36239Q109 395 51423 SH OTR 1 15423 36000 0 GDL Fund COM SH BEN IT 361570104 10 1000 SH SOLE 1000 0 0 General American Investors Company, Inc. COM 368802104 3793 116186 SH OTR 1 86421 29765 0 General Electric Company COM 369604103 70 2364 SH SOLE 2364 0 0 Gildan Activewear Inc. COM 375916103 24 851 SH SOLE 851 0 0 Gilead Sciences Inc. COM 375558103 158 2000 SH SOLE 2000 0 0 Grupo Televisa, S.A.B. SPON ADR REP ORD 40049J206 730 28400 SH SOLE 28400 0 0 Guggenheim Enhanced Equity Strategy Fund COM 40167K100 986 61488 SH SOLE 61488 0 0 GW Pharmaceuticals PLC ADS 36197T103 34 253 SH SOLE 253 0 0 HDFC Bank Ltd. ADR REPS 3 SHS 40415F101 35 487 SH SOLE 487 0 0 Health Care Select Sector SPDR ETF SBI HEALTHCARE 81369Y209 8 111 SH SOLE 111 0 0 ICIC Bank Ltd. ADR 45104G104 46 6123 SH SOLE 6123 0 0 Incyte Corporation COM 45337C102 23 242 SH SOLE 242 0 0 ING Groep N.V. SPONSORED ADR 456837103 55 4473 SH SOLE 4473 0 0 Ingersoll-Rand PLC SHS G47791101 26 382 SH SOLE 382 0 0 Inovio Pharmaceuticals, Inc. COM NEW 45773H201 140 15000 SH SOLE 15000 0 0 Intel Corporation COM 458140100 71 1886 SH SOLE 1886 0 0 International Business Machines Corporation COM 459200101 111 698 SH SOLE 698 0 0 iShares MSCI Mexico Capped MSCI MEX CAP ETF 464286822 524 10800 SH SOLE 10800 0 0 iShares Nasdaq Biotechnology NASDQ BIOTEC ETF 464287556 126 436 SH SOLE 436 0 0 iShares TIPS Bond TIPS BD ETF 464287176 48 410 SH SOLE 410 0 0 iShares US Medical Devices U.S. MED DVC ETF 464288810 182 1250 SH SOLE 1250 0 0 Itau Unibanco Holding S.A. SPON ADR REP PFD 465562106 24 2153 SH SOLE 2153 0 0 Japan Smaller Capitalization Fund Inc. COM 47109U104 1334 126410 SH OTR 1 69456 56954 0 John Hancock Tax-Advantaged Dividend Income Fund COM 41013V100 16 655 SH SOLE 655 0 0 Johnson & Johnson COM 478160104 119 1007 SH SOLE 1007 0 0 JPMorgan Chase & Co. COM 46625H100 97 1450 SH SOLE 1450 0 0 Karyopharm Therapeutics Inc. COM 48576U106 47 4868 SH SOLE 4868 0 0 Koninklijke Philips N.V. NY REG SH NEW 500472303 46 1566 SH SOLE 1566 0 0 Latin American Discovery Fund Inc. COM 51828C106 34 3393 SH SOLE 3393 0 0 Legg Mason BW Global Income Opportunities Fund COM 52469B100 52 3864 SH SOLE 3864 0 0 Lennar Corp. CL A 526057104 2096 49500 SH SOLE 49500 0 0 Liberty All-Star Equity Fund SH BEN INT 530158104 4855 937316 SH OTR 1 753562 183754 0 Liberty All-Star Growth Fund, Inc. COM 529900102 622 144302 SH SOLE 144302 0 0 Liberty Global PLC SHS CL A G5480U104 19 545 SH SOLE 545 0 0 LivaNova PLC SHS G5509L101 501 8330 SH SOLE 8330 0 0 Lloyds Banking Group PLC SPONSORED ADR 539439109 23 7926 SH SOLE 7926 0 0 LMP Capital and Income Fund, Inc. COM 50208A102 420 30797 SH SOLE 30797 0 0 LyondellBasell Industries N.V. SHS - A - N53745100 31 386 SH SOLE 386 0 0 Macquarie Global Infrastructure Total Return Fund Inc. COM 55608D101 355 16273 SH SOLE 16273 0 0 MannKind Corp. COM 56400P201 1 1000 SH SOLE 1000 0 0 Marriott Vacations Worldwide Corp. COM 57164Y107 788 10745 SH SOLE 10745 0 0 Martin Marietta Materials Inc. COM 573284106 537 3000 SH SOLE 3000 0 0 MasTec, Inc. COM 576323109 4013 134927 SH SOLE 134927 0 0 McDonald's Corp. COM 580135101 124 1072 SH SOLE 1072 0 0 Merck & Co. Inc. COM 58933Y105 168 2691 SH SOLE 2691 0 0 MetLife, Inc. COM 59156R108 53 1183 SH SOLE 1183 0 0 Mexico Equity and Income Fund, Inc. COM 592834105 229 22117 SH SOLE 22117 0 0 MFS Charter Income Trust SH BEN INT 552727109 43 5000 SH SOLE 5000 0 0 MFS High Income Municipal Trust SH BEN INT 59318D104 25 4687 SH SOLE 4687 0 0 MFS Investment Grade Municipal Trust SH BEN INT 59318B108 104 10000 SH SOLE 10000 0 0 Microsoft Corporation COM 594918104 78 1353 SH SOLE 1353 0 0 Morgan Stanley Asia Pacific Fund COM 61744U106 180 11901 SH SOLE 11901 0 0 Morgan Stanley China A Share Fund COM 617468103 600 32081 SH SOLE 32081 0 0 Morgan Stanley Emerging Market Debt Fund, Inc. COM 61744H105 192 19899 SH SOLE 19899 0 0 Morgan Stanley Emerging Markets Fund, Inc. COM 61744G107 10 716 SH SOLE 716 0 0 Morgan Stanley Income Securities Inc. INCOME SECS INC 61745P874 40 2125 SH SOLE 2125 0 0 Morgan Stanley India Investment Fund COM 61745C105 141 4967 SH SOLE 4967 0 0 MVC Capital, Inc. COM 553829102 17 2018 SH SOLE 2018 0 0 National Grid PLC SPON ADR NEW 636274300 30 428 SH SOLE 428 0 0 NetEase, Inc. SPONSORED ADR 64110W102 33 135 SH SOLE 135 0 0 Neuberger Berman MLP Income Fund Inc. COM 64129H104 330 35596 SH SOLE 35596 0 0 New Germany Fund, Inc. COM 644465106 1592 110966 SH OTR 1 65726 45240 0 New Ireland Fund, Inc. COM 645673104 106 8688 SH SOLE 8688 0 0 NexPoint Credit Strategies Fund COM NEW 65340G205 8105 364595 SH OTR 1 273750 90845 0 NextEra Energy, Inc. COM 65339F101 1020 8337 SH SOLE 8337 0 0 Nike, Inc. CL B 654106103 36 687 SH SOLE 687 0 0 Norfolk Southern Corp. COM 655844108 461 4750 SH SOLE 4750 0 0 Norwegian Cruise Line Holdings Ltd. SHS G66721104 2090 55443 SH SOLE 55443 0 0 Nuveen AMT-Free Quality Municipal Income Fund COM 670657105 52 3553 SH SOLE 3553 0 0 Nuveen Core Equity Alpha Fund COM 67090X107 64 4693 SH SOLE 4693 0 0 Nuveen Credit Strategies Income Fund COM SHS 67073D102 2426 286125 SH SOLE 286125 0 0 Nuveen Diversified Dividend and Income Fund COM 6706EP105 25 2114 SH SOLE 2114 0 0 Nuveen Dividend Advantage Municipal Fund COM 67066V101 152 10085 SH SOLE 10085 0 0 Nuveen Dividend Advantage Municipal Fund 3 COM SH BEN INT 67070X101 319 20284 SH SOLE 20284 0 0 Nuveen Dividend Advantage Municipal Income Fund COM 67071L106 241 14977 SH SOLE 14977 0 0 Nuveen Flexible Investment Income Fund COM 67075B104 129 7481 SH SOLE 7481 0 0 Nuveen Global High Income Fund SHS 67075G103 345 21985 SH SOLE 21985 0 0 Nuveen Multi-Market Income Fund, Inc. COM 67075J107 521 69474 SH SOLE 69474 0 0 Nuveen NASDAQ 100 Dynamic Overwrite Fund COM SHS 670699107 27 1401 SH SOLE 1401 0 0 Nuveen New Jersey Dividend Advantage Municipal Fund COM 67069Y102 85 5702 SH SOLE 5702 0 0 Nuveen S&P 500 Dynamic Overwrite Fund COM 6706EW100 158 11471 SH SOLE 11471 0 0 Nuveen Select Tax-Free Income Portfolio 3 SH BEN INT 67063X100 120 7772 SH SOLE 7772 0 0 Nuveen Tax-Advantaged Dividend Growth Fund COM 67073G105 114 7665 SH SOLE 7665 0 0 Occidental Petroleum Corporation COM 674599105 34 470 SH SOLE 470 0 0 Pacholder High Yield Fund, Inc. COM 693742108 153 21390 SH SOLE 21390 0 0 Pfizer Inc. COM 717081103 67 1985 SH SOLE 1985 0 0 Philip Morris International, Inc. COM 718172109 47 482 SH SOLE 482 0 0 PIMCO Dynamic Credit Income Fund COM SHS 72202D106 4403 215935 SH OTR 1 165695 50240 0 PIMCO Enhanced Short Maturity Active ETF ENHAN SHRT MA AC 72201R833 2566 25300 SH SOLE 25300 0 0 PIMCO Income Strategy Fund II COM 72201J104 65 6823 SH SOLE 6823 0 0 Pioneer Diversified High Income Trust COM 723653101 3 200 SH SOLE 200 0 0 Popular, Inc. COM NEW 733174700 1108 29000 SH SOLE 29000 0 0 PriceSmart Inc. COM 741511109 84 1000 SH SOLE 1000 0 0 Prudential PLC ADR 74435K204 22 605 SH SOLE 605 0 0 Putnam High Income Securities Fund SHS BEN INT 746779107 19 2356 SH SOLE 2356 0 0 Putnam Premier Income Trust SH BEN INT 746853100 41 8382 SH SOLE 8382 0 0 RENN Global Entrepreneurs Fund, Inc. COM 759720105 46 35303 SH SOLE 35303 0 0 RMR Real Estate Income Fund COM 76970B101 2199 101090 SH SOLE 101090 0 0 Royal Caribbean Cruises Ltd. COM V7780T103 3104 41413 SH SOLE 41413 0 0 Royal Dutch Shell PLC SPON ADR B 780259107 1604 803 SH SOLE 803 0 0 Royce Global Value Trust, Inc. COM 78081T104 124 15208 SH SOLE 15208 0 0 Royce Micro-Cap Trust, Inc. COM 780915104 37 4780 SH SOLE 4780 0 0 Royce Value Trust Inc. COM 780910105 1924 151987 SH SOLE 151987 0 0 Salient Midstream & MLP Fund SH BEN INT 79471V105 2757 217396 SH OTR 1 101410 115986 0 Sanofi SPONSORED ADR 80105N105 23 612 SH SOLE 612 0 0 Schlumberger Limited COM 806857108 29 370 SH SOLE 370 0 0 Seaboard Corp. COM 811543107 1995 580 SH SOLE 580 0 0 Seacor Holdings, Inc. COM 811904101 119 2000 SH SOLE 2000 0 0 Sensata Technologies Holding NV SHS N7902X106 26 660 SH SOLE 660 0 0 Shire PLC SPONSORED ADR 82481R106 27 140 SH SOLE 140 0 0 Simon Property Group Inc. COM 828806109 52 253 SH SOLE 253 0 0 SK Telecom Co. Ltd. SPONSORED ADR 78440P108 45 1978 SH SOLE 1978 0 0 Sony Corporation ADR NEW 835699307 27 807 SH SOLE 807 0 0 Spanish Broadcasting System Inc. CL A NEW 846425833 42 10530 SH SOLE 10530 0 0 Special Opportunities Fund, Inc. COM 84741T104 1331 89267 SH SOLE 89267 0 0 Special Opportunities Fund, Inc. Preferred PFD CONV SE B 84741T302 728 28218 SH OTR 1 25394 2824 0 Spirit Airlines, Inc. COM 848577102 1106 26000 SH SOLE 26000 0 0 Sprott Focus Trust, Inc. COM 85208J109 346 50116 SH SOLE 50116 0 0 Swiss Helvetia Fund Inc. COM 870875101 25 2316 SH SOLE 2316 0 0 Tahoe Resources Inc. COM 873868103 409 31900 SH SOLE 31900 0 0 Taiwan Fund, Inc. COM 874036106 236 13644 SH OTR 1 3244 10400 0 TCW Strategic Income Fund, Inc. COM 872340104 117 22000 SH SOLE 22000 0 0 Teekay LNG Partners LP PRTNRSP UNITS Y8564M105 145 9589 SH SOLE 9589 0 0 Tekla Healthcare Investors SH BEN INT 87911J103 7 288 SH SOLE 288 0 0 Tekla Healthcare Opportunities Fund SHS 879105104 8658 495314 SH OTR 1 372111 123203 0 Tekla Life Sciences Investors SH BEN INT 87911K100 1 65 SH SOLE 65 0 0 Tekla World Healthcare Fund BEN INT SHS 87911L108 6281 427835 SH OTR 1 320845 106990 0 Templeton Dragon Fund, Inc. COM 88018T101 244 13842 SH OTR 1 3705 10137 0 Teva Pharmaceutical Industries Limited ADR 881624209 43 945 SH SOLE 945 0 0 Thai Fund, Inc. COM 882904105 166 20286 SH SOLE 20286 0 0 The Bank of Nova Scotia COM 064149107 318 6000 SH SOLE 6000 0 0 The Boeing Company COM 097023105 92 697 SH SOLE 697 0 0 The Coca-Cola Company COM 191216100 65 1527 SH SOLE 1527 0 0 The Estee Lauder Companies Inc. CL A 518439104 19 216 SH SOLE 216 0 0 The Goldman Sachs Group, Inc. COM 38141G104 111 691 SH SOLE 691 0 0 The Herzfeld Caribbean Basin Fund, Inc. COM 42804T106 2652 423002 SH DFND 320900 102102 0 The Home Depot, Inc. COM 437076102 125 972 SH SOLE 972 0 0 The Korea Fund, Inc. COM NEW 500634209 830 23056 SH SOLE 23056 0 0 The Kraft Heinz Company COM 500754106 54 608 SH SOLE 608 0 0 The Mexico Fund, Inc. COM 592835102 213 13345 SH SOLE 13345 0 0 The Procter & Gamble Company COM 742718109 101 1124 SH SOLE 1124 0 0 The Toronto-Dominion Bank COM NEW 891160509 38 862 SH SOLE 862 0 0 The Travelers Company, Inc. COM 89417E109 79 689 SH SOLE 689 0 0 The Walt Disney Company COM DISNEY 254687106 98 1057 SH SOLE 1057 0 0 The Western Union Company COM 959802109 291 14000 SH SOLE 14000 0 0 Thermo Fisher Scientific, Inc. COM 883556102 39 247 SH SOLE 247 0 0 Tortoise Energy Independence Fund, Inc. COM 89148K101 3 180 SH SOLE 180 0 0 Tortoise Pipeline & Energy Fund COM 89148H108 3950 186495 SH OTR 1 111516 74979 0 Tortoise Power and Energy Infrastructure Fund, Inc. COM 89147X104 815 36487 SH SOLE 36487 0 0 Tri-Continental Corp. COM 895436103 4870 227771 SH OTR 1 203035 24736 0 TripAdvisor Inc. COM 896945201 24 385 SH SOLE 385 0 0 Turkish Investment Fund, Inc. COM 900145103 24 2944 SH SOLE 2944 0 0 U.S. Bancorp COM NEW 902973304 36 831 SH SOLE 831 0 0 Ultrapetrol (Bahamas) Ltd. COM P94398107 11 36000 SH SOLE 36000 0 0 United Technologies Corporation COM 913017109 109 1075 SH SOLE 1075 0 0 UnitedHealth Group Incorporated COM 91324P102 97 692 SH SOLE 692 0 0 Vale S.A. ADR 91912E105 28 5052 SH SOLE 5052 0 0 Vanguard Information Technology ETF INF TECH ETF 92204A702 12 100 SH SOLE 100 0 0 Verizon Communications Inc. COM 92343V104 74 1419 SH SOLE 1419 0 0 Vipshop Holdings Limited SPONSORED ADR 92763W103 28 1926 SH SOLE 1926 0 0 Virtus Global Dividend & Income Fund Inc. COM 92835W107 1071 88914 SH SOLE 88914 0 0 Visa Inc. COM CL A 92826C839 57 688 SH SOLE 688 0 0 Vodafone Group PLC SPNSR ADR 92857W308 55 1888 SH SOLE 1888 0 0 Vulcan Materials Company COM 929160109 455 4000 SH SOLE 4000 0 0 Wal-Mart Stores Inc. 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