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 ASIA PAC INC FD COM 003009107 707 152,907 SH   DFND 2 707 0 0
ALLIANZGI CONVERTIBLE & INCO COM 018828103 381 59,722 SH   DFND 2 381 0 0
AIG WARRANT STRIKE 45 *W EXP 01/19/202 026874156 7,200 306,935 SH   DFND 2 7,200 0 0
ARCONIC INC PFD CONV B SER 1 03965L308 2,077 68,914 SH   DFND 2 2,077 0 0
BANK OF AMERICA CORPORATION WT EXP 011619 *W EXP 01/16/201 060505146 7,360 739,700 SH   DFND 2 7,360 0 0
B/E AEROSPACE INC COM 073302101 4,609 76,577 SH   DFND 2 4,609 0 0
BLACKROCK LIMITED SHS 09249W101 368 24,281 SH   DFND 2 368 0 0
CALAMOS CVT AND HIGH INCOME SHS 12811P108 231 21,896 SH   DFND 2 231 0 0
CALAMOS DYNAMIC CONVERTIBLE COM 12811V105 205 11,741 SH   DFND 2 205 0 0
CAPITAL ONE FINANCIAL CORP *W EXP 11/14/201 14040H139 2,029 44,906 SH   DFND 2 2,029 0 0
CARNIVAL PLC-ADR ADR 14365C103 844 16,498 SH   DFND 2 844 0 0
CENTRAL GARDEN AND PET CO-A CL A NON-VTG 153527205 448 14,516 SH   DFND 2 448 0 0
COHEN & STEERS REIT & PFD COM 19247X100 273 14,323 SH   DFND 2 273 0 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 247 13,023 SH   DFND 2 247 0 0
EATON VANCE FLOAT RT INC TR COM 278279104 391 26,255 SH   DFND 2 391 0 0
EATON VANCE T/A GL DVD INCM COM 27828S101 209 14,882 SH   DFND 2 209 0 0
EATON VANCE TAX MAN GLBL BR COM 27829C105 1,274 126,563 SH   DFND 2 1,274 0 0
EATON VANCE TAX-MANAGED GLOB COM 27829F108 455 56,742 SH   DFND 2 455 0 0
ENBRIDGE ENERGY PARTNERS COM 29250R106 289 11,360 SH   DFND 2 289 0 0
FIRST TRUST ENERGY INCOME AN COM 33738G104 294 11,105 SH   DFND 2 294 0 0
GABELLI EQUITY TRUST COM 362397101 209 37,924 SH   DFND 2 209 0 0
GABELLI DIVIDEND & INCOME COM 36242H104 598 29,851 SH   DFND 2 598 0 0
HILTON COM 43300A104 1,082 39,802 SH   DFND 2 1,082 0 0
INVESCO DYNAMIC CREDIT OPP COM 46132R104 350 28,514 SH   DFND 2 350 0 0
ISHARES IBOXX USD HIGH YIELD ETF 464288513 1,205 13,927 SH   DFND 2 1,205 0 0
ISHARES MSCI SINGAPORE CAPPE ETF 46434G780 438 21,996 SH   DFND 2 438 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 29,458 665,439 SH   DFND 2 29,458 0 0
LIBERTY BROADBAND-C COM SER C 530307305 6,126 82,712 SH   DFND 2 6,126 0 0
LIBERTY EXPEDIA HOLD-A COM 53046P109 1,516 38,226 SH   DFND 2 1,516 0 0
LIBERTY VENTURES - SER A LBT VEN COM A NE 53071M856 7,256 196,812 SH   DFND 2 7,256 0 0
LIBERTY MEDIA COR-SIRIUSXM A COM A SIRIUSXM 531229409 2,751 79,698 SH   DFND 2 2,751 0 0
LIBERTY MEDIA COR-SIRIUSXM C COM A SIRIUSXM 531229607 6,734 198,531 SH   DFND 2 6,734 0 0
LIBERTY TRIPADVISOR HDG-A COM SER A 531465102 781 51,939 SH   DFND 2 781 0 0
NORTHSTAR REALTY FINANCE COM 66704R803 2,478 163,589 SH   DFND 2 2,478 0 0
NUVEEN ENH MUNI VALUE FD COM 67074M101 210 15,048 SH   DFND 2 210 0 0
PNC FINANCIAL SERVICES GROUP *W EXP 12/31/201 693475121 30,471 615,580 SH   DFND 2 30,471 0 0
POTASH CORP OF SASKATCHEWAN COM 73755L107 3,533 195,303 SH   DFND 2 3,533 0 0
POWERSHARES INDIA PORTFOLIO INDIA PORT 73935L100 927 48,100 SH   DFND 2 927 0 0
POWERSHARES SENIOR LOAN SENIOR LN PORT 73936Q769 382 16,385 SH   DFND 2 382 0 0
RAMCO-GERSHENSON PROPERT PERP PFD-D CV 751452608 4,157 67,839 SH   DFND 2 4,157 0 0
ROYCE VALUE TR INC COM 780910105 238 17,849 SH   DFND 2 238 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 4,869 518,632 SH   DFND 2 4,869 0 0
SPROTT PHYSICAL SILVER TRUST UNIT 85207K107 1,318 216,866 SH   DFND 2 1,318 0 0
SUFFOLK BANCORP COM 864739107 880 20,555 SH   DFND 2 880 0 0
T-Mobile US Inc CONV PFD SER A 872590203 41,732 441,896 SH   DFND 2 41,732 0 0
TEMPLETON GLBL INC F INC COM 880198106 625 96,483 SH   DFND 2 625 0 0
TWENTY-FIRST CENTURY FOX - B CL B 90130A200 635 23,303 SH   DFND 2 635 0 0
VANECK VECTORS HIGH-YIELD MU ETF 92189F361 752 25,350 SH   DFND 2 752 0 0
VANECK VECTORS AMT-FREE INTE ETF 92189F544 494 21,327 SH   DFND 2 494 0 0
VOYA GLOBAL EQUITY DIVIDEND COM 92912T100 698 102,971 SH   DFND 2 698 0 0
VOYA PRIME RATE TRUST SH BEN INT 92913A100 376 67,947 SH   DFND 2 376 0 0
WELLS FARGO & CO *W EXP 10/28/201 949746119 6,379 299,092 SH   DFND 2 6,379 0 0
WESTERN ASSET EMERGING MARKE COM 95766A101 807 54,915 SH   DFND 2 807 0 0
WESTERN GAS EQUITY PARTNERS COMUNT LTD PT 95825R103 850 20,091 SH   DFND 2 850 0 0