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
ALLIANT TECHSYSTEMS INC NOTE 3.000% 8/1 018804AK0 10,289 5,500,000 PRN   DFND 1,2 0 0 0
CAMBRIDGE CAP ACQUISITION CO UNIT 03/17/2014 13215Q205 1,009 100,000 SH   DFND 1,2 100,000 0 0
CAPITOL ACQUISITION CORP II COM 14056V105 4,925 500,000 SH   DFND 1,2 500,000 0 0
COMMONWEALTH REIT 6.50% PFD CUM CO 203233408 35,831 1,426,967 SH   DFND 1,2 1,426,967 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 01/27/2016 203668116 182 3,000,000 SH   DFND 1,2 3,000,000 0 0
CORNERSTONE PROGRESSIVE RTN COM 21925C101 160 30,236 SH   DFND 1,2 30,236 0 0
COVANTA HLDG CORP NOTE 3.250% 6/0 22282EAC6 23,375 20,000,000 PRN   DFND 1,2 0 0 0
EASTMAN KODAK CO COM NEW 277461406 334 10,000 SH   DFND 1,2 10,000 0 0
ENSERVCO CORP COM 29358Y102 47 19,075 SH   DFND 1,2 19,075 0 0
EUNITS 2 YR U S MKT PARTN TR UNIT 298411109 139 11,691 SH   DFND 1,2 11,691 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 2,505 143,900 SH   DFND 1,2 143,900 0 0
HF2 FINL MGMT INC CL A 40421A104 12,312 1,200,000 SH   DFND 1,2 1,200,000 0 0
ISHARES MSCI STH KOR ETF 464286772 14,280 232,192 SH   DFND 1 232,192 0 0
L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 20,057 15,000,000 PRN   DFND 1,2 0 0 0
LINEAR TECHNOLOGY CORP NOTE 3.000% 5/0 535678AC0 44,222 37,140,000 PRN   DFND 1,2 0 0 0
MERGEWORTHRX CORP COM 58952R106 2,626 325,000 SH   DFND 1,2 325,000 0 0
NEW GERMANY FD INC COM 644465106 456 23,436 SH   DFND 1,2 23,436 0 0
NORTH AMERN PALLADIUM LTD COM 656912102 248 508,650 SH   DFND 1,2 508,650 0 0
NUVEEN CA INVT QUALITY MUN F COM 67062A101 491 35,324 SH   DFND 1,2 35,324 0 0
NUVEEN CALIF PERFORM PLUS MU COM 67062Q106 672 48,622 SH   DFND 1,2 48,622 0 0
NUVEEN CA MUN MKT OPPORTUNT COM 67062U107 330 23,165 SH   DFND 1,2 23,165 0 0
NUVEEN CA DIVIDEND ADV MUN F COM 67066Y105 2,029 146,157 SH   DFND 1,2 146,157 0 0
OMNICARE CAP TR II PFD B TR 4.00% 68214Q200 26,575 362,060 SH   DFND 1,2 362,060 0 0
PRETIUM RES INC COM 74139C102 10,674 1,836,887 SH   DFND 1,2 1,836,887 0 0
QUARTET MERGER CORP COM 747717106 5,862 600,000 SH   DFND 1,2 600,000 0 0
QUARTET MERGER CORP RIGHT 99/99/9999 747717205 205 500,000 SH   DFND 1,2 500,000 0 0
QUINPARIO ACQUISITION CORP COM 74874R108 1,012 98,300 SH   DFND 1,2 98,300 0 0
QUINPARIO ACQUISITION CORP *W EXP 09/27/201 74874R116 41 65,000 SH   DFND 1,2 65,000 0 0
SEABRIDGE GOLD INC COM 811916105 8,526 1,200,000 SH   DFND 1,2 1,200,000 0 0
SELECT INCOME REIT COM SH BEN INT 81618T100 4,268 141,011 SH   DFND 1,2 141,011 0 0
SILVER EAGLE ACQUISITION COR COM 827694100 2,220 228,200 SH   DFND 1,2 228,200 0 0
TORTOISE NORTH AMRN ENRGY CO COM 89147T103 582 19,998 SH   DFND 1,2 19,998 0 0
TORTOISE ENERGY CAP CORP COM 89147U100 1,802 54,376 SH   DFND 1,2 54,376 0 0
TURKISH INVT FD INC COM 900145103 688 63,835 SH   DFND 1,2 63,835 0 0
INFINITY CROSS BORDER ACQUIS SHS G4772R101 2,560 320,000 SH   DFND 1,2 320,000 0 0