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 SINGAPORE FD INC COM 003244100 421 33,900 SH   DFND 1 2 33,900 0 0
ADVANCED MICRO DEVICES INC COM 007903107 3 286,400 SH Put DFND 1 2 286,400 0 0
ALLIANZGI CON INCM 2024 TARG COM 01883H102 1,593 175,000 SH   DFND 1 2 175,000 0 0
ANTERO RES CORP COM 03674X106 1,585 83,400 SH   DFND 1 2 83,400 0 0
APOLLO SR FLOATING RATE FD I COM 037636107 523 32,236 SH   DFND 1 2 32,236 0 0
APOLLO TACTICAL INCOME FD IN COM 037638103 475 30,163 SH   DFND 1 2 30,163 0 0
ASSURED GUARANTY LTD COM G0585R106 121 20,000 SH Put DFND 1 2 20,000 0 0
BLACKROCK 2022 GBL INCM OPP COM 09258P104 746 76,123 SH   DFND 1 2 76,123 0 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 405 65,000 SH   DFND 1 2 65,000 0 0
BLACKROCK MD MUNICIPAL BOND COM 09249L105 168 12,316 SH   DFND 1 2 12,316 0 0
BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257P105 510 22,831 SH   DFND 1 2 22,831 0 0
BLACKROCK MUNI INCOME TR II COM 09249N101 203 14,070 SH   DFND 1 2 14,070 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 1,052 75,547 SH   DFND 1 2 75,547 0 0
BLACKROCK MUNI N Y INTER DUR COM 09255F109 164 12,053 SH   DFND 1 2 12,053 0 0
BLACKROCK MUNIHLDGS FD II IN COM 09253P109 725 49,068 SH   DFND 1 2 49,068 0 0
BLACKROCK MUNIYIELD NY QLTY COM 09255E102 1,364 105,599 SH   DFND 1 2 105,599 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 6,139 123,900 SH   DFND 1 2 123,900 0 0
CALIFORNIA RES CORP COM NEW 13057Q206 383 19,700 SH   DFND 1 2 19,700 0 0
CORNERSTONE STRATEGIC VALUE COM 21924B302 453 29,300 SH   DFND 1 2 29,300 0 0
CORNERSTONE TOTAL RTRN FD IN COM 21924U300 459 30,000 SH   DFND 1 2 30,000 0 0
DELAWARE INV MN MUN INC FD I COM 24610V103 1,154 85,697 SH   DFND 1 2 85,697 0 0
DEUTSCHE MUN INCOME COM 25160C106 4,635 389,461 SH   DFND 1 2 389,461 0 0
DEUTSCHE STRATEGIC MUN INCOM COM 25159F102 620 52,660 SH   DFND 1 2 52,660 0 0
DOMINION ENERGY MIDSTRM PRTN COM UT REP LTD 257454108 269 8,847 SH   DFND 1 2 8,847 0 0
DOUBLELINE OPPORTUNISTIC CR COM 258623107 748 33,708 SH   DFND 1 2 33,708 0 0
DREYFUS HIGH YIELD STRATEGIE SH BEN INT 26200S101 200 59,760 SH   DFND 1 2 59,760 0 0
DTF TAX-FREE INCOME INC COM 23334J107 244 17,364 SH   DFND 1 2 17,364 0 0
EATON VANCE FLTING RATE INC COM 278279104 1,170 81,665 SH   DFND 1 2 81,665 0 0
EATON VANCE FLTNG RATE 2022 COM 27831H100 2,218 240,000 SH   DFND 1 2 240,000 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 792 58,027 SH   DFND 1 2 58,027 0 0
EATON VANCE MASS MUN BD FD COM 27828K108 389 29,442 SH   DFND 1 2 29,442 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 586 47,256 SH   DFND 1 2 47,256 0 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 1,885 136,500 SH   DFND 1 2 136,500 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 13,623 513,900 SH   DFND 1 2 513,900 0 0
EQT MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 12,821 175,384 SH   DFND 1 2 175,384 0 0
EVERI HLDGS INC COM 30034T103 1,676 222,303 SH   DFND 1 2 222,303 0 0
FIRST TR SR FLOATING RATE 20 COM SHS 33740K101 2,511 275,000 SH   DFND 1 2 275,000 0 0
GAIN CAP HLDGS INC COM 36268W100 100 10,000 SH   DFND 1 2 10,000 0 0
GAMCO GLOBAL GOLD NAT RES & COM SH BEN INT 36465A109 207 39,760 SH   DFND 1 2 39,760 0 0
GAMCO NAT RES GOLD & INCOME SH BEN INT 36465E101 301 44,892 SH   DFND 1 2 44,892 0 0
GENERAL CABLE CORP DEL NEW FRNT 4.500%11/1 369300AL2 7,917 7,500,000 PRN   DFND 1 2 7,500,000 0 0
HALCON RES CORP *W EXP 09/09/202 40537Q118 8 11,671 SH   DFND 1 2 11,671 0 0
HOLLY ENERGY PARTNERS L P COM UT LTD PTN 435763107 2,369 72,900 SH   DFND 1 2 72,900 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 238 20,300 SH   DFND 1 2 20,300 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107 1,922 155,000 SH   DFND 1 2 155,000 0 0
INVESCO PA VALUE MUN INCOME COM 46132K109 823 67,746 SH   DFND 1 2 67,746 0 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 737 58,928 SH   DFND 1 2 58,928 0 0
INVESCO SR INCOME TR COM 46131H107 188 42,800 SH   DFND 1 2 42,800 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 4,040 87,500 SH   DFND 1 2 87,500 0 0
ISHARES TR 20 YR TR BD ETF 464287432 2 20,000 SH Put DFND 1 2 20,000 0 0
ISHARES TR NATIONAL MUN ETF 464288414 49,892 450,533 SH   DFND 1 2 450,533 0 0
ISHARES TR IBOXX HI YD ETF 464288513 29,668 340,000 SH   DFND 1 2 340,000 0 0
IVY HIGH INC OPPORTUNITIES F COM 465893105 899 59,437 SH   DFND 1 2 59,437 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 7,714 280,800 SH   DFND 1 2 280,800 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 13,744 193,740 SH   DFND 1 2 193,740 0 0
MBIA INC COM 55262C100 153 339,000 SH Put DFND 1 2 339,000 0 0
MPLX LP COM UNIT REP LTD 55336V100 717 20,227 SH   DFND 1 2 20,227 0 0
NEUBERGER BERMAN NY INT MUN COM 64124K102 644 52,927 SH   DFND 1 2 52,927 0 0
NUVEEN CR OPPORTUNITIES 2022 COM 67075U102 759 80,000 SH   DFND 1 2 80,000 0 0
NUVEEN EMERGING MKTS DEBT 20 COM 67077P101 949 101,000 SH   DFND 1 2 101,000 0 0
NUVEEN MUN 2021 TARGET TERM COM 670687102 1,515 160,520 SH   DFND 1 2 160,520 0 0
NUVEEN NY MUN VALUE FD COM 67062M105 618 65,000 SH   DFND 1 2 65,000 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 552 39,259 SH   DFND 1 2 39,259 0 0
NUVEEN SHT DUR CR OPP FD COM 67074X107 195 11,724 SH   DFND 1 2 11,724 0 0
NUVEEN SR INCOME FD COM 67067Y104 324 49,762 SH   DFND 1 2 49,762 0 0
OAKTREE STRATEGIC INCOME COR COM 67402D104 170 20,209 SH   DFND 1 2 20,209 0 0
OHR PHARMACEUTICAL INC COM NEW 67778H200 56 30,000 SH   DFND 1 2 30,000 0 0
ONEOK INC NEW COM 682680103 319 5,972 SH   DFND 1 2 5,972 0 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 2,071 39,561 SH   DFND 1 2 39,561 0 0
PIMCO CALIF MUN INCOME FD II COM 72201C109 538 51,505 SH   DFND 1 2 51,505 0 0
PIMCO GLOBAL STOCKSPLS INCM COM 722011103 213 13,855 SH   DFND 1 2 13,855 0 0
PIMCO HIGH INCOME FD COM SHS 722014107 522 70,000 SH   DFND 1 2 70,000 0 0
PIMCO MUNICIPAL INCOME FD COM 72200R107 1,495 115,000 SH   DFND 1 2 115,000 0 0
PIMCO STRATEGIC INCOME FD IN COM 72200X104 465 50,600 SH   DFND 1 2 50,600 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 6,025 291,900 SH   DFND 1 2 291,900 0 0
PROSHARES TR II ULTRA VIX SHORT 74347W163 61 20,000 SH Put DFND 1 2 20,000 0 0
REAVES UTIL INCOME FD COM SH BEN INT 756158101 697 22,531 SH   DFND 1 2 22,531 0 0
RIOT BLOCKCHAIN INC COM 767292105 13 10,000 SH Put DFND 1 2 10,000 0 0
RIVERNORTH DOUBLELINE STRATE COM 76882G107 359 19,519 SH   DFND 1 2 19,519 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 3,714 51,400 SH   DFND 1 2 51,400 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 527 10,000 SH   DFND 1 2 10,000 0 0
SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 822634101 5,892 197,600 SH   DFND 1 2 197,600 0 0
SHOTSPOTTER INC COM 82536T107 963 68,571 SH   DFND 1 2 0 68,571 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 19 40,000 SH Put DFND 1 2 40,000 0 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 8,525 215,617 SH   DFND 1 2 215,617 0 0
SWISS HELVETIA FD INC COM 870875101 315 24,687 SH   DFND 1 2 24,687 0 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 5,303 99,860 SH   DFND 1 2 99,860 0 0
TESLA INC COM 88160R101 27 20,000 SH Put DFND 1 2 20,000 0 0
THL CR SR LN FD COM 87244R103 621 36,825 SH   DFND 1 2 36,825 0 0
URBAN ONE INC CL A 91705J105 26 13,930 SH   DFND 1 2 13,930 0 0
URBAN ONE INC CL D NON VTG 91705J204 527 301,310 SH   DFND 1 2 301,310 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 530 104,624 SH   DFND 1 2 104,624 0 0
WESTERN ASSET CORPORATE LN F COM 95790J102 305 28,996 SH   DFND 1 2 28,996 0 0
WESTERN ASSET MUN DEF OPP TR COM 95768A109 2,089 100,000 SH   DFND 1 2 100,000 0 0
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 6,395 164,900 SH   DFND 1 2 164,900 0 0