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
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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
ALLIANCE NEW YORK MUNI INC Common Stocks 018714105 8,065 573,615 SH   SOLE   573,615 0 0
BDCA VENTURE INC Common Stocks 05543L106 5,081 1,129,039 SH   SOLE   1,129,039 0 0
CLOUGH GLOBAL EQUITY FUND Common Stock 18914C100 19,223 1,298,825 SH   SOLE   1,298,825 0 0
DIVERSIFIED REAL ASSET INCOM Common Stocks 25533B108 25,968 1,480,474 SH   SOLE   1,480,474 0 0
DWS GLBL HIGH INCOME FD INC Common Stock 23338W104 6,354 780,611 SH   SOLE   780,611 0 0
DWS HIGH INCOME OPPORTUNITIES Common Stock 23339M204 20,051 1,373,360 SH   SOLE   1,373,360 0 0
EQUUS TOTAL RETURN INC Common Stock 294766100 1,021 523,605 SH   SOLE   523,605 0 0
FIRSTHAND TECHNOLOGY VALUE Common Stock 33766Y100 9,338 723,910 SH   SOLE   723,910 0 0
FULL CIRCLE CAPITAL CORP Common Stocks 359671104 4,697 1,315,551 SH   SOLE   1,315,551 0 0
GLOBAL DEFENSE & NATL SEC SYS Common Stock 37953N108 3,674 349,900 SH   SOLE   349,900 0 0
HILL INTERNATIONAL INC Common Stocks 431466101 15,605 2,966,692 SH   SOLE   2,966,692 0 0
IMPERIAL HOLDINGS INC Common Stock 452834104 23,603 4,076,463 SH   SOLE   4,076,463 0 0
LMP REAL ESTATE INCOME FUND Common Stocks 50208C108 18,854 1,611,429 SH   SOLE   1,611,429 0 0
MFS INTERMARKET INC TRUST I Common Stocks 59318R103 9,224 1,094,195 SH   SOLE   1,094,195 0 0
MVC CAPITAL INC Common Stock 553829102 14,409 1,412,685 SH   SOLE   1,412,685 0 0
NUVEEN GLOBAL HIGH INC FD Common Stocks 67075G103 5,108 305,706 SH   SOLE   305,706 0 0
SINO MERCURY ACQUISITION COR Common Stocks 82936K102 2,736 275,000 SH   SOLE   275,000 0 0
STEWART INFORMATION SERVICES Common Stocks 860372101 48,904 1,228,756 SH   SOLE   1,228,756 0 0
SWISS HELVETIA FUND Common Stock 870875101 11,197 956,969 SH   SOLE   956,969 0 0
WHEELER REIT INC 9% SERIES B Convertible Preferred Stocks 963025309 4,017 167,854 SH   SOLE   167,854 0 0
WINTHROP REALTY TRUST Common Stock 976391300 30,966 2,043,984 SH   SOLE   2,043,984 0 0