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
ALLIED CAP CORP NEW COM 01903Q108 50 10,000 SH   SOLE   10,000 0 0
AMERITRANS CAPTL CORPORATION Common Stocks 03073H108 118 94,800 SH   SOLE   94,800 0 0
ATLAS ACQUISITION HLDGS CORP *W EXP 01/23/201 049162118 3 18,000 SH   SOLE   18,000 0 0
BLUE CHIP VALUE FD INC Com 095333100 726 219,295 SH   SOLE   219,295 0 0
CENTRAL SECS CORP Com 155123102 213 10,750 SH   SOLE   10,750 0 0
CKE RESTAURANTS INC COM 12561E105 520 47,000 SH   SOLE   47,000 0 0
CLAYMORE DIVID & INCOME FD COM 18385J105 1,371 97,742 SH   SOLE   97,742 0 0
COHEN & STEERS INFRASTRUCTUR Com 19248A109 5,492 368,836 SH   SOLE   368,836 0 0
COHEN & STEERS REIT & UTIL I Com 19247Y108 443 29,796 SH   SOLE   29,796 0 0
DCA TOTAL RETURN FD Com 233066109 97 33,300 SH   SOLE   33,300 0 0
DCW TOTAL RETURN FD Com 23317C103 75 15,254 SH   SOLE   15,254 0 0
DWS DREMAN VAL INCOME EDGE F Com 23339M204 189 14,597 SH   SOLE   14,597 0 0
DWS GLOBAL COMMODITIES STK F Com 23338Y100 236 28,229 SH   SOLE   28,229 0 0
DWS RREEF REAL ESTATE FD II Com 23338X102 7,516 5,737,791 SH   SOLE   5,737,791 0 0
DWS RREEF REAL ESTATE FD INC COM 233384106 7,664 1,688,198 SH   SOLE   1,688,198 0 0
DWS RREEF WRLD REAL ESTATE FND COM 23339T209 945 59,725 SH   SOLE   59,725 0 0
ELLSWORTH FUND LTD Com 289074106 1,616 236,283 SH   SOLE   236,283 0 0
EQUUS TOTAL RETURN Com 294766100 29 10,159 SH   SOLE   10,159 0 0
EVERGREEN INTL BALANCED INCO Com 30024R109 429 30,670 SH   SOLE   30,670 0 0
FIRST OPPORTUNITY FD INC Com 33587T108 246 35,000 SH   SOLE   35,000 0 0
FIRST TR FOUR CRNRS SR FLT R COM SHS 33733Q107 8,839 685,793 SH   SOLE   685,793 0 0
FIRST TR/FOUR CRNRS SR FLOAT Com 33733U108 249 18,900 SH   SOLE   18,900 0 0
FORT DEARBORN INCOME SECS IN Com 347200107 862 58,774 SH   SOLE   58,774 0 0
FRANKLIN UNVL TR SH BEN INT 355145103 81 13,584 SH   SOLE   13,584 0 0
GABELLI DIVD & INCOME TR Com 36242H104 297 21,572 SH   SOLE   21,572 0 0
GABELLI MULTIMEDIA TR INC COM Com 36239Q109 472 63,580 SH   SOLE   63,580 0 0
GLOBAL INCOME&CURRENCY FD IN COM 378968101 560 39,015 SH   SOLE   39,015 0 0
GYRODYNE CO AMER INC Com 403820103 9,843 237,332 SH   SOLE   237,332 0 0
H & Q LIFE SCIENCES INVS SH BEN INT 404053100 302 29,355 SH   SOLE   29,355 0 0
INDIA GLOBALIZATION CAP INC COM 45408X100 59 50,000 SH   SOLE   50,000 0 0
INVESTMENT GRADE MUN INCOME Com 461368102 3,484 241,437 SH   SOLE   241,437 0 0
JOHN HANCOCK BK &THRIFT OPP SH BEN INT NEW 409735206 640 38,094 SH   SOLE   38,094 0 0
KOREA EQUITY FD INC Com 50063B104 5,090 538,676 SH   SOLE   538,676 0 0
KOREA FUND INC Com 500634209 6,766 184,353 SH   SOLE   184,353 0 0
LGL GROUP INC Com 50186A108 136 24,774 SH   SOLE   24,774 0 0
LIBERTY ACQUISITION HLDGS CO Com 53015Y107 12,510 1,265,930 SH   SOLE   1,265,930 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 1,620 341,164 SH   SOLE   341,164 0 0
LIBERTY ALL-STAR GROWTH FD I Com 529900102 10,837 2,897,528 SH   SOLE   2,897,528 0 0
LMP CAP & INCOME FD INC Com 50208A102 1,812 168,411 SH   SOLE   168,411 0 0
MEXICO EQUITY AND INCOME FD Com 592834105 1,200 128,845 SH   SOLE   128,845 0 0
MORGAN STANLEY ASIA PAC FD I Com 61744U106 4,784 313,936 SH   SOLE   313,936 0 0
MORGAN STANLEY HIGH YIELD FD Com 61744M104 95 16,270 SH   SOLE   16,270 0 0
MVC CAPITAL INC Com 553829102 351 25,900 SH   SOLE   25,900 0 0
NAVIOS MARITIME ACQUIS CORP SHS Y62159101 19,220 1,947,338 SH   SOLE   1,947,338 0 0
NEUBERGER BERMAN INCOME OPP COM SHS 64126L108 299 40,680 SH   SOLE   40,680 0 0
NEUBERGER BERMAN REAL ESTATE COM 64190A103 6,623 1,925,236 SH   SOLE   1,925,236 0 0
NEW GERMANY FUND Com 644465106 389 30,769 SH   SOLE   30,769 0 0
NORTH ASIA INVESTMENT CORP Common Stocks G66202105 4,702 474,924 SH   SOLE   474,924 0 0
NUVEEN MULTI STRAT INC & GR Com 67073B106 140 17,300 SH   SOLE   17,300 0 0
PENWEST PHARMACEUTICALS CO Com 709754105 2,306 668,444 SH   SOLE   668,444 0 0
PVF CAPITAL CORP COM 693654105 251 133,028 SH   SOLE   133,028 0 0
RIVERSOURCE LASALLE INTL R/E Com 76932W102 680 87,558 SH   SOLE   87,558 0 0
RMR REAL ESTATE INCOME FD COM SHS 74964K609 48 1,827 SH   SOLE   1,827 0 0
ROBERTS REALTY INVS Com 769900101 949 736,202 SH   SOLE   736,202 0 0
ROYCE MICRO-CAP TR INC Com 780915104 1,699 207,469 SH   SOLE   207,469 0 0
ROYCE VALUE TR INC Com 780910105 2,165 182,885 SH   SOLE   182,885 0 0
STREAM GLOBAL SVCS INC *W EXP 10/17/201 86323M118 331 517,426 SH   SOLE   517,426 0 0
SUNAMERICA FCSED ALPHA GRW F Com 867037103 44,932 3,096,656 SH   SOLE   3,096,656 0 0
SUNAMERICA FOCUSE ALPHA LC F Com 867038101 24,263 1,700,305 SH   SOLE   1,700,305 0 0
TAIWAN GREATER CHINA FD SH BEN Com 874037104 626 98,971 SH   SOLE   98,971 0 0
TRI CONTL CORP Com 895436103 901 73,417 SH   SOLE   73,417 0 0
WINTHROP RLTY TR SH BEN INT 976391300 124 10,263 SH   SOLE   10,263 0 0
ZWEIG FD Com 989834106 374 105,919 SH   SOLE   105,919 0 0
Put CKE RESTAURANTS Jun10 10.00 Put Options OP94904 2 40,000 SH Put SOLE   40,000 0 0
Put ISHARES DJ US R Apr10 48.00 Put Options OP96052 8 16,100 SH Put SOLE   16,100 0 0
Put SPDR S&P 500 ET Apr10 115.00 Put Options OP95929 36 37,100 SH Put SOLE   37,100 0 0