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 ISRAEL FUND INC COM 00301L109 2,087 116,743 SH   SOLE   116,743 0 0
ADAMS EXPRESS CO COM 006212104 9,148 665,338 SH   SOLE   665,338 0 0
ADVENT/CLAYMORE ENH GR & INC COM 00765E104 1,059 102,797 SH   SOLE   102,797 0 0
ALLIANCEBERNSTEIN INC FUND COM 01881E101 14,470 1,924,170 SH   SOLE   1,924,170 0 0
ALPINE TOTAL DYNAMIC DIVIDEN COM 021060108 326 36,500 SH   SOLE   36,500 0 0
AMERICAN REALTY CAP. PROP COM 02917T104 877 70,000 SH   SOLE   70,000 0 0
AMERICAN SELECT PORTFOLIO COM 029570108 4,641 433,772 SH   SOLE   433,772 0 0
AQUASITION CORP WTS 01/22/18 W Y0192H111 127 877,125 SH   SOLE   877,125 0 0
BANCROFT FUND LTD COM 059695106 2,062 102,168 SH   SOLE   102,168 0 0
BOULDER GROWTH & INCOME FUND COM 101507101 6,287 737,947 SH   SOLE   737,947 0 0
BOULDER TOTAL RETURN FD INC COM 101541100 4,937 192,385 SH   SOLE   192,385 0 0
CAMBRIDGE CAPITAL ACQUIS COM 13215Q106 1,130 115,825 SH   SOLE   115,825 0 0
CAMBRIDGE CAPITAL ACQUI-CW18 W 13215Q114 41 115,825 SH   SOLE   115,825 0 0
CAPITOL ACQUISITION CORP II COM 14056V105 4,695 475,152 SH   SOLE   475,152 0 0
CAPITOL ACQUISITION CORP W 14056V113 116 237,576 SH   SOLE   237,576 0 0
CENTRAL EUR RUSS & TURK FD INC COM 153436100 331 11,314 SH   SOLE   11,314 0 0
CENTRAL SECS CORP COM 155123102 4,891 208,591 SH   SOLE   208,591 0 0
CHART ACQUISITION CORP COM 161151105 3,680 368,393 SH   SOLE   368,393 0 0
CHART ACQUISITION CORP W 161151113 198 368,393 SH   SOLE   368,393 0 0
CIS ACQUISITION LTD-CW17 W G21490118 62 404,036 SH   SOLE   404,036 0 0
CLOUGH GLOBAL ALLOCATION COM 18913Y103 2,900 187,067 SH   SOLE   187,067 0 0
CLOUGH GLOBAL EQUITY FUND COM 18914C100 6,790 438,656 SH   SOLE   438,656 0 0
CLOUGH GLBL OPPORTUNITIES FD SH 18914E106 1,763 135,641 SH   SOLE   135,641 0 0
COLLABRIUM JAPAN ACQUISITION W G2266G110 46 578,381 SH   SOLE   578,381 0 0
DCP MIDSTREAM PARTNERS LP COM 23311P100 1,447 25,385 SH   SOLE   25,385 0 0
DWS GLBL HIGH INCOME FD INC COM 23338W104 956 113,733 SH   SOLE   113,733 0 0
DWS HIGH INCOME OPP COM 23339M204 12,214 826,947 SH   SOLE   826,947 0 0
EATON VANCE RISK MNGD DIV EQTY COM 27829G106 3,796 328,976 SH   SOLE   328,976 0 0
ELLSWORTH FUND LTD COM 289074106 1,312 148,608 SH   SOLE   148,608 0 0
FIRST OPPORTUNITY FD INC COM 33587T108 2,947 306,290 SH   SOLE   306,290 0 0
FIVE OAKS INVESTMENT CORP COM 33830W106 621 55,000 SH   SOLE   55,000 0 0
GABELLI GLOBALDEAL FUND COM 361570104 137 12,579 SH   SOLE   12,579 0 0
GABELLI HLTHCARE & WELLNESS TRUST RTS 36246K137 36 93,314 SH   SOLE   93,314 0 0
GENERAL AMERICAN INVESTORS COM 368802104 26,965 732,353 SH   SOLE   732,353 0 0
GYRODYNE CO OF AMERICA INC COM 403820103 187 36,399 SH   SOLE   36,399 0 0
H&Q HEALTHCARE INVESTORS COM 404052102 2,362 89,590 SH   SOLE   89,590 0 0
H&Q LIFE SCIENCES INVESTORS COM 404053100 1,860 89,615 SH   SOLE   89,615 0 0
HENNESSY CAPITAL ACQUIS COM 425886207 2,016 200,000 SH   SOLE   200,000 0 0
HERZFELD CARIBBEAN BASIN FD COM 42804T106 426 52,204 SH   SOLE   52,204 0 0
IMPERIAL HOLDINGS INC 8.5% 2/15/2019 DEBT 452834AB0 11,144 9,243,000 SH   SOLE   9,243,000 0 0
JETPAY CORP COM 477177109 194 93,037 SH   SOLE   93,037 0 0
KEATING CAPITAL INC COM 48722R106 1,286 217,607 SH   SOLE   217,607 0 0
LEVY ACQUISITION CORP COM 52748T203 2,023 200,000 SH   SOLE   200,000 0 0
LMP REAL ESTATE INCOME FD COM 50208C108 1,756 152,582 SH   SOLE   152,582 0 0
LIBERTY ALL STAR EQUITY FUND COM 530158104 38,764 6,449,921 SH   SOLE   6,449,921 0 0
MADISON STRATEGIC SECTR PREM COM 558268108 2,652 207,168 SH   SOLE   207,168 0 0
MERGEWORTHRX CORP COM 58952R106 584 71,285 SH   SOLE   71,285 0 0
MFS INTERMARKET INC TRUST I COM 59318R103 2,686 314,883 SH   SOLE   314,883 0 0
NUVEEN DIVERSIFIED CURRENCY OPPOR FD COM 67090N109 33,569 2,989,268 SH   SOLE   2,989,268 0 0
NUVEEN DIVID ADV MUNI INC FD COM 67071L106 3,666 258,864 SH   SOLE   258,864 0 0
NUVEEN DIVID ADV MUNI FD 3 COM 67070X101 4,592 335,694 SH   SOLE   335,694 0 0
NUVEEN GLOBAL INCOME OPP COM 67073C104 11,572 907,572 SH   SOLE   907,572 0 0
PREFERRED APARTMENT COMMUN-A COM 74039L103 3,803 428,735 SH   SOLE   428,735 0 0
PROFIRE ENERGY INC COM 74316X101 123 27,237 SH   SOLE   27,237 0 0
QUARTET MERGER CORP RTS RTS 747717205 466 700,000 SH   SOLE   700,000 0 0
QUINPARIO ACQUISITION CORP W 74874R116 616 452,905 SH   SOLE   452,905 0 0
RESOURCES CAPITAL CORP. COM 76120W302 113 20,000 SH   SOLE   20,000 0 0
ROBERTS REALTY INVESTORS INC COM 769900101 480 607,114 SH   SOLE   607,114 0 0
ROI ACQUISITION CORP II COM 74966G200 1,923 190,936 SH   SOLE   190,936 0 0
ROYCE MICRO-CAP TR INC COM 780915104 2,147 170,134 SH   SOLE   170,134 0 0
ROYCE VALUE TR INC COM 780910105 2,888 180,511 SH   SOLE   180,511 0 0
SILVER EAGLE ACQUISITION COM 827694100 273 27,992 SH   SOLE   27,992 0 0
SILVER EAGLE ACQUISITION W 827694118 17 27,992 SH   SOLE   27,992 0 0
STEWART INFO. SERVICES COM 860372101 13,631 439,575 SH   SOLE   439,575 0 0
TRI CONTL CORP COM 895436103 8,237 392,619 SH   SOLE   392,619 0 0
VIRTUS TOTAL RETURN FD COM 92829A103 7,306 1,522,119 SH   SOLE   1,522,119 0 0
WHEELER REIT COM 963025101 93 19,443 SH   SOLE   19,443 0 0
WINTHROP REALTY TRUST COM 976391300 10,334 673,224 SH   SOLE   673,224 0 0