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 JAPAN EQUITY FUND COM 00306J109 7,997 940,826 SH   SOLE   940,826 0 0
ABERDEEN LATIN AMER EQTY FD COM 00306K106 871 37,618 SH   SOLE   37,618 0 0
ABERDEEN SINGAPORE FUND COM 003244100 3,030 273,629 SH   SOLE   273,629 0 0
ADAMS EXPRESS CO COM 006212104 49,376 3,455,287 SH   SOLE   3,455,287 0 0
ALLIANCE CALIF MUN INCOME FD COM 018546101 270 19,700 SH   SOLE   19,700 0 0
ALLIANCE NATIONAL MUNI COM 01864u106 6,061 442,731 SH   SOLE   442,731 0 0
ALLIANZGI EQUITY & CONVERTIB COM 018829101 10,732 543,407 SH   SOLE   543,407 0 0
ASIA PAC FD COM 044901106 20,649 1,588,395 SH   SOLE   1,588,395 0 0
BARINGTON HILCO ACQUISITION COM 06759v101 7,632 748,208 SH   SOLE   748,208 0 0
BERKSHIRE HATHAWAY INC CL B COM 084670702 212 1,250 SH   SOLE   1,250 0 0
BLACKROCK CORE BD TR COM 09249E101 18,808 1,355,055 SH   SOLE   1,355,055 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 43,192 3,211,312 SH   SOLE   3,211,312 0 0
BLACKROCK ENH CAP & INC FD INC COM 09256A109 15,108 1,014,646 SH   SOLE   1,014,646 0 0
BLACKROCK INCOME TR COM 09247F100 60,660 9,522,730 SH   SOLE   9,522,730 0 0
BLACKROCK INTL GRWTH & INC TR COM 092524107 11,241 1,789,950 SH   SOLE   1,789,950 0 0
BLACKROCK MUNI INTERM DURATI COM 09253X102 10,809 769,851 SH   SOLE   769,851 0 0
BLACKROCK MUNI NY INT DUR FD COM 09255F109 708 50,567 SH   SOLE   50,567 0 0
BLACKROCK MUNIYLD MICH QLTY FD COM 09254V105 9,254 659,618 SH   SOLE   659,618 0 0
BLACKROCK NEW YORK MUNI BOND COM 09249P106 265 18,502 SH   SOLE   18,502 0 0
BLACKROCK NY INS MUN COM 09249U105 2,199 164,262 SH   SOLE   164,262 0 0
BLACKROCK SCIENCE & TECHNOLOGY TRUST COM 09258G104 14,849 668,594 SH   SOLE   668,594 0 0
CHINA FD INC COM 169373107 4,647 248,753 SH   SOLE   248,753 0 0
CLOUGH GLBL OPPORTUNITIES FD COM 18914e106 10,529 993,283 SH   SOLE   993,283 0 0
COHEN & STEERS GLOBAL INC BLDR COM 19248M103 2,674 280,866 SH   SOLE   280,866 0 0
CONSTELLATION BRANDS INC-A COM 21036P108 821 4,240 SH   SOLE   4,240 0 0
CONSTELLATION BRANDS INC-B COM 21036p207 525 2,696 SH   SOLE   2,696 0 0
DISNEY WALT CO COM DISNEY COM 254687106 313 2,944 SH   SOLE   2,944 0 0
DUFF & PHELPS UTILITY & CORPORATE BOND TR COM 26432k108 14,926 1,624,141 SH   SOLE   1,624,141 0 0
DWS HIGH INCOME OPPORTUNITIES COM 25158y102 1,562 105,000 SH   SOLE   105,000 0 0
EASTERLY ACQUISITION CORP COM 27616l102 5,632 560,416 SH   SOLE   560,416 0 0
EATON VANCE CA MUNI INC TRST COM 27826F101 567 45,269 SH   SOLE   45,269 0 0
EATON VANCE MI MUNI INCOME TR COM 27826D106 1,385 102,335 SH   SOLE   102,335 0 0
EATON VANCE MUN BD FD COM 27827X101 49,550 3,904,651 SH   SOLE   3,904,651 0 0
EATON VANCE MUN BD FD II COM 27827K109 12,335 974,358 SH   SOLE   974,358 0 0
EATON VANCE NEW YORK MUN BD FD COM 27827Y109 1,739 139,335 SH   SOLE   139,335 0 0
EATON VANCE NY MUNICIPAL INC COM 27826w104 466 35,758 SH   SOLE   35,758 0 0
EATON VANCE OH MUNICIPAL COM 27826G109 610 43,818 SH   SOLE   43,818 0 0
EATON VANCE PA MUN BD FD COM 27828W102 233 18,000 SH   SOLE   18,000 0 0
EATON VANCE PA MUNI INCOME TR COM 27826T101 773 63,439 SH   SOLE   63,439 0 0
ELECTRUM SPECIAL ACQ CORP COM G3105C104 131 12,950 SH   SOLE   12,950 0 0
EUROPEAN EQUITY FUND COM 298768102 4,600 501,645 SH   SOLE   501,645 0 0
EXXON MOBIL CORP COM 30231G102 861 10,668 SH   SOLE   10,668 0 0
FEDERATED PREMIER INT MUNI COM 31423M105 20,108 1,472,058 SH   SOLE   1,472,058 0 0
FIRST TR ENHANCED EQTY INC FD COM 337318109 10,640 726,304 SH   SOLE   726,304 0 0
FIRST TRUST ABERDEEN GLOBAL COM 337319107 19,577 1,680,404 SH   SOLE   1,680,404 0 0
FORUM MERGER CORPORATION COM 34985b103 28,303 2,914,874 SH   SOLE   2,914,874 0 0
GABELLI HLTHCARE & WELLNESS TR COM 36246K103 10,112 931,978 SH   SOLE   931,978 0 0
GENERAL AMERN INVS COM 368802104 23,828 693,683 SH   SOLE   693,683 0 0
HANCOCK JOHN INCOME SECS TR COM 410123103 4,749 324,176 SH   SOLE   324,176 0 0
HARMONY MERGER CORP COM 413247107 7,272 703,850 SH   SOLE   703,850 0 0
HOME DEPOT INC COM 437076102 420 2,741 SH   SOLE   2,741 0 0
INSIGHT SELECT INCOME FUND COM 45781w109 223 11,257 SH   SOLE   11,257 0 0
INVESCO QUALITY MUNI INC TRST COM 46133G107 137 10,740 SH   SOLE   10,740 0 0
INVESCO VALUE MUN INCOME TR COM 46132P108 1,239 81,685 SH   SOLE   81,685 0 0
ISHARES 3-7 YR TR BD ETF COM 464288661 457 3,700 SH   SOLE   3,700 0 0
ISHARES CORE MSCI EUROPE ETF COM 46434V738 328 7,000 SH   SOLE   7,000 0 0
ISHARES MSCI ACWI EX US ETF COM 464288240 6,460 141,703 SH   SOLE   141,703 0 0
ISHARES MSCI CDA ETF COM 464286509 21,389 799,305 SH   SOLE   799,305 0 0
ISHARES MSCI EMERGING MKT INDEX ETF COM 464287234 776 18,760 SH   SOLE   18,760 0 0
ISHARES MSCI JAPAN ETF COM 46434G822 16,639 310,147 SH   SOLE   310,147 0 0
ISHARES SHORT TERM NATIONAL MUNI BOND COM 464288158 25,540 241,448 SH   SOLE   241,448 0 0
ISHARES TR EUROPE ETF COM 464287861 1,344 30,325 SH   SOLE   30,325 0 0
JAPAN SMALLER CAPTLZTN FD COM 47109U104 18,213 1,586,457 SH   SOLE   1,586,457 0 0
JENSYN ACQ CORP COM 47632b102 5,837 570,000 SH   SOLE   570,000 0 0
JM GLOBAL ACQ CORP COM 46590H101 455 45,775 SH   SOLE   45,775 0 0
JPMORGAN CHINA REGION FUND COM 48126T104 694 34,592 SH   SOLE   34,592 0 0
KAYNE ANDERSON ACQ CORP COM 48661u102 477 49,100 SH   SOLE   49,100 0 0
KBL MERGER CORP. IV COM 48242A104 13,658 1,408,000 SH   SOLE   1,408,000 0 0
KIMBERLY CLARK CORP COM 494368103 348 2,697 SH   SOLE   2,697 0 0
LAZARD WORLD DIVID & INCOME FD COM 521076109 18,216 1,652,967 SH   SOLE   1,652,967 0 0
LENNOX INTL INC COM 526107107 15,865 86,390 SH   SOLE   86,390 0 0
LIBERTY ALL STAR EQUITY FD COM 530158104 38,748 6,845,891 SH   SOLE   6,845,891 0 0
M I ACQ CORP COM 55304a104 3,302 329,532 SH   SOLE   329,532 0 0
M III ACQ CORP COM 55378T104 13,604 1,388,200 SH   SOLE   1,388,200 0 0
MADISON STRATEGIC SECTR PREM COM 558268108 16,848 1,399,348 SH   SOLE   1,399,348 0 0
MADISON/CLAYMORE COVERED CAL COM 557437100 16,397 2,094,102 SH   SOLE   2,094,102 0 0
MANAGED DURATION INVESTMENT GR COM 56165r103 19,793 1,434,277 SH   SOLE   1,434,277 0 0
MARLIN PARTNERS ACQ CORP COM 57682v106 1,078 111,600 SH   SOLE   111,600 0 0
MFS INTER INCOME TR COM 55273C107 24,510 5,673,577 SH   SOLE   5,673,577 0 0
MFS INVT GRADE MUN TR COM 59318B108 27,103 2,672,835 SH   SOLE   2,672,835 0 0
MODERN MEDIA ACQ CORP COM 60765P103 40,002 4,094,350 SH   SOLE   4,094,350 0 0
MORGAN STANLEY ASIA PAC FD COM 61744U106 1,964 118,080 SH   SOLE   118,080 0 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 2,224 137,714 SH   SOLE   137,714 0 0
MORGAN STANLEY INDIA INVS FD COM 61745C105 1,405 43,397 SH   SOLE   43,397 0 0
MORGAN STANLEY TRUSTS INCOME SECS COM 61745P874 40,155 2,203,918 SH   SOLE   2,203,918 0 0
NATIONAL ENERGY SERVICES ACQ CORP' COM g6375r107 176 18,425 SH   SOLE   18,425 0 0
NEUBERGER BERMAN NY INTMD MU COM 64124k102 303 23,744 SH   SOLE   23,744 0 0
NEW GERMANY FD INC COM 644465106 11,929 717,300 SH   SOLE   717,300 0 0
NEW IRELAND FUND INC COM 645673104 3,865 279,484 SH   SOLE   279,484 0 0
NOVANTA INC COM 67000B104 552 15,342 SH   SOLE   15,342 0 0
NUCOR CORP COM 670346105 241 4,168 SH   SOLE   4,168 0 0
NUVEEN AMT-FREE MUN INCOME FD COM 670657105 21,045 1,537,242 SH   SOLE   1,537,242 0 0
NUVEEN CORE EQUITY ALPHA FUND COM 67090X107 10,006 682,524 SH   SOLE   682,524 0 0
NUVEEN DIVID ADVANTAGE MUN FD COM 67066V101 16,514 1,176,216 SH   SOLE   1,176,216 0 0
NUVEEN INT DUR QUAL MUN TRM FD COM 670677103 1,519 117,170 SH   SOLE   117,170 0 0
NUVEEN NY AMT FREE MUN INCOME COM 670656107 23,624 1,802,019 SH   SOLE   1,802,019 0 0
NUVEEN OHIO QUALITY INCOME MUN COM 670980101 7,257 483,803 SH   SOLE   483,803 0 0
NUVEEN SELECT TAX FREE INCM COM 67063C106 286 20,884 SH   SOLE   20,884 0 0
PACHOLDER HIGH YIELD FUND, INC COM 693742108 502 63,008 SH   SOLE   63,008 0 0
PAYCHEX INC COM 704326107 269 4,726 SH   SOLE   4,726 0 0
PIONEER MUNI HI INCOME TRUST COM 723763108 1,590 131,201 SH   SOLE   131,201 0 0
POWERSHARES VRDO TAX-FREE WEEKLY PORTFOLIO COM 73936t433 21,292 853,740 SH   SOLE   853,740 0 0
QUINPARIO ACQ CORP COM 74874u101 1,785 179,925 SH   SOLE   179,925 0 0
SEMPRA ENERGY COM 816851109 231 2,050 SH   SOLE   2,050 0 0
SILVER RUN II ACQ CORP COM 82812a103 4,767 470,600 SH   SOLE   470,600 0 0
SPDR S&P 500 ETF COM 78462F103 86,983 359,733 SH   SOLE   359,733 0 0
SPDR SERIES TRUST NUVN BR SHT MUNI ETF COM 78468R739 107,313 2,212,647 SH   SOLE   2,212,647 0 0
STELLAR III ACQ CORP COM y8172w107 8,109 809,293 SH   SOLE   809,293 0 0
SWISS HELVETIA FD INC COM 870875101 14,438 1,136,826 SH   SOLE   1,136,826 0 0
TAIWAN FD INC COM 874036106 2,099 106,067 SH   SOLE   106,067 0 0
TEKLA HEALTHCARE OPPORTUNITIES COM 879105104 6,324 344,813 SH   SOLE   344,813 0 0
TEMPLETON DRAGON FD INC COM 88018T101 3,094 118,535 SH   SOLE   118,535 0 0
TEMPLETON DRAGON FD INC COM 88018T101 709 35,165 SH   SOLE   35,165 0 0
TEMPLETON EMERGING MKTS FD COM 880191101 2,523 169,227 SH   SOLE   169,227 0 0
TRI CONTL CORP COM 895436103 18,167 746,060 SH   SOLE   746,060 0 0
TURKISH INVT FD INC COM 900145103 177 18,312 SH   SOLE   18,312 0 0
VAN KAMP PENN VAL MUNI INCOM COM 46132K109 12,814 1,037,576 SH   SOLE   1,037,576 0 0
VANECK VECTORS ETF TR AMT FREE SHORT COM 92189f528 3,766 215,543 SH   SOLE   215,543 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND COM 921937827 15,818 198,100 SH   SOLE   198,100 0 0
VANGUARD FTSE ALL-WORLD EX-US ETF COM 922042775 24,900 497,706 SH   SOLE   497,706 0 0
VANGUARD INDEX FDS S&P 500 ETF COM 922908363 215,465 970,303 SH   SOLE   970,303 0 0
VANGUARD INDEX FDS SMALL CP ETF COM 922908751 69,563 513,227 SH   SOLE   513,227 0 0
VANGUARD INFORMATION TECHNOLOGY INDEX ETF COM 92204A702 14,076 99,942 SH   SOLE   99,942 0 0
VANGUARD INTERMEDIATE TERM GOVT BD ETF COM 92206c706 1,783 27,580 SH   SOLE   27,580 0 0
VANGUARD INTERM-TERM CORP BD ETF COM 92206c870 25,636 292,885 SH   SOLE   292,885 0 0
VANGUARD INTL EQUITY INDEX FD FTSE ETF COM 922042858 35,525 870,071 SH   SOLE   870,071 0 0
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF COM 922042874 115,360 2,092,121 SH   SOLE   2,092,121 0 0
VANGUARD INTL EQUITY INDEX FD MEGA CAP GRO ETF COM 922042866 40,439 614,570 SH   SOLE   614,570 0 0
VANGUARD LONG-TERM BOND ETF COM 921937793 8,366 89,825 SH   SOLE   89,825 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF COM 921943858 1,321 31,974 SH   SOLE   31,974 0 0
VANGUARD TOTAL BOND ETF COM 921937835 29,661 362,466 SH   SOLE   362,466 0 0
VANGUARD US TOTAL STOCK MKT ETF COM 922908769 35,800 287,666 SH   SOLE   287,666 0 0
VOYA ASIA PACIFIC HIGH DIVIDEND COM 92912J102 1,184 112,514 SH   SOLE   112,514 0 0
VOYA EMERGING MKTS HIGH DIV EQ FD COM 92912P108 1,221 139,025 SH   SOLE   139,025 0 0
VOYA GLOBAL ADVANTAGE AND PREMIUM OPP COM 92912R104 3,224 298,225 SH   SOLE   298,225 0 0
W P CAREY INC COM 92936U109 257 3,889 SH   SOLE   3,889 0 0
WESTERN ASSET CLYM INFL OPP IN COM 95766R104 13,730 1,245,943 SH   SOLE   1,245,943 0 0
WESTERN ASSET GLOBAL CP DEFINE COM 95790C107 466 26,141 SH   SOLE   26,141 0 0
WESTERN ASSET HIGH YIELD DEFINE COM 95768b107 237 15,500 SH   SOLE   15,500 0 0
WESTERN ASSET MUN HI INCM FD COM 95766N103 224 30,371 SH   SOLE   30,371 0 0