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
1347 CAPITAL CORP COM 68245V202 2,607 253,884 SH   SOLE   253,884 0 0
ABERDEEN SINGAPORE FUND INC COM 003244100 277 25,000 SH   SOLE   25,000 0 0
ADAMS EXPRESS COMPANY COM 006212104 4,925 352,568 SH   SOLE   352,568 0 0
ADVENT/CLAYMORE ENH GR & INC COM 00765E104 6,227 686,514 SH   SOLE   686,514 0 0
ALPINE TOTAL DYNAMIC DIVIDEN COM 021060108 315 36,500 SH   SOLE   36,500 0 0
AR CAPITAL ACQUISITION CORP COM 00191R109 4,048 410,346 SH   SOLE   410,346 0 0
AR CAPITAL ACQUISITION-CW19 W 00191R117 72 205,173 SH   SOLE   205,173 0 0
AROWANA INC Units G05011138 4,052 400,000 SH   SOLE   400,000 0 0
BANCROFT FUND LTD COM 059695106 1,968 92,909 SH   SOLE   92,909 0 0
BARINGTON/HILCO ACQUISITION COM 06759V200 629 62,500 SH   SOLE   62,500 0 0
BOULDER GROWTH & INCM FD INC COM 101507101 14,170 1,678,919 SH   SOLE   1,678,919 0 0
C B PHARMA ACQUISITION CORP W G2029P118 29 75,000 SH   SOLE   75,000 0 0
CAMBRIDGE CAPITAL ACQUI-CW18 W 13215Q114 18 115,825 SH   SOLE   115,825 0 0
CAMBRIDGE CAPITAL ACQUISITIO COM 13215Q106 1,152 115,825 SH   SOLE   115,825 0 0
CB PHARMA ACQUISITION-RTS RTS G2029P134 31 75,000 SH   SOLE   75,000 0 0
CENTRAL SECS CORP COM COM 155123102 5,205 244,015 SH   SOLE   244,015 0 0
DELAWARE INV DIVIDEND & INC COM 245915103 614 61,986 SH   SOLE   61,986 0 0
DELTA TECHNOLOGY HOLDI-CW17 W G8477B113 60 120,231 SH   SOLE   120,231 0 0
DT ASIA INVESTMENTS LTD COM G2615J104 2,673 270,000 SH   SOLE   270,000 0 0
DT ASIA INVESTMENTS LTD-RTS RTS G2615J112 61 270,000 SH   SOLE   270,000 0 0
DT ASIA INVTS LTD WT 033021 W G2615J138 30 270,000 SH   SOLE   270,000 0 0
ELECTRUM SPECIAL ACQUISITI-U COM G3105C120 1,503 150,000 SH   SOLE   150,000 0 0
ELLSWORTH FUND INC COM 289074106 623 70,522 SH   SOLE   70,522 0 0
FEDERATED ENHANCED TREASURY COM 314162108 348 26,329 SH   SOLE   26,329 0 0
FINTECH ACQUISITION CORP COM 31809H209 1,436 135,129 SH   SOLE   135,129 0 0
FIVE OAKS INVESTMENT CORP COM 33830W106 418 50,107 SH   SOLE   50,107 0 0
GABELLI GLOBALDEAL FUND (THE) COM 361570104 645 63,251 SH   SOLE   63,251 0 0
GARNERO GROUP ACQUISIT-CW19 W G5866L116 83 585,800 SH   SOLE   585,800 0 0
GARNERO GROUP ACQUISITION CO COM G5866L124 100 10,000 SH   SOLE   10,000 0 0
GARNERO GROUP ACQUISITION CO COM G5866L108 5,753 585,800 SH   SOLE   585,800 0 0
GARNERO GROUP ACQUISITIO-RTS RTS G5866L132 101 534,500 SH   SOLE   534,500 0 0
GENERAL AMERICAN INVESTORS COM 368802104 42,363 1,216,976 SH   SOLE   1,216,976 0 0
GLOBAL HIGH INCOME FUND INC COM 37933G108 8,357 984,322 SH   SOLE   984,322 0 0
HARMONY MERGER CORP COM 413247206 2,041 200,918 SH   SOLE   200,918 0 0
IMPERIAL HOLDINGS INCIFT 8 1/2 02/15/19 DEBT 452834AE4 9,452 8,667,000 PRN   SOLE   0 0 0
INDEPENDENCE REALTY TRUST IN COM 45378A106 753 100,000 SH   SOLE   100,000 0 0
JETPAY CORP COM 477177109 225 82,239 SH   SOLE   82,239 0 0
KEARNY FINANCIAL CORP/MD COM 48716P108 670 60,000 SH   SOLE   60,000 0 0
LIBERTY ALL STAR EQUITY FD SH COM 530158104 18,551 3,226,189 SH   SOLE   3,226,189 0 0
MADISON STRATEGIC SECTR PREM COM 558268108 562 48,074 SH   SOLE   48,074 0 0
MFS INTERMEDIATE HIGH INC FN COM 59318T109 245 92,276 SH   SOLE   92,276 0 0
NEUBERGER BERMAN REAL ESTATE COM 64190A103 4,447 938,181 SH   SOLE   938,181 0 0
NEW YORK REIT INC COM 64976L109 7,111 714,700 SH   SOLE   714,700 0 0
NUVEEN DIVERSIFIED COMMODITY COM 67074P104 4,739 397,863 SH   SOLE   397,863 0 0
NUVEEN LONG/SHORT COMMODITY COM 670731108 12,254 745,451 SH   SOLE   745,451 0 0
PANGAEA LOGISTICS SOLUTIONS COM G6891L105 219 67,894 SH   SOLE   67,894 0 0
QUINPARIO ACQUISITION CORP 2 COM 74874U200 679 65,000 SH   SOLE   65,000 0 0
RESOURCES CAPITAL CORP. COM 76120W302 77 20,000 SH   SOLE   20,000 0 0
ROI ACQUISITION CORP II COM 74966G101 1,957 190,936 SH   SOLE   190,936 0 0
ROI ACQUISITION CORP-CW17 W 74966G119 49 190,936 SH   SOLE   190,936 0 0
SINO MERCURY ACQUISITION-RTS RTS 82936K110 171 275,000 SH   SOLE   275,000 0 0
TERRAPIN 3 ACQUISITION COR-A COM 88104P104 2,018 200,000 SH   SOLE   200,000 0 0
TERRAPIN 3 ACQUISITION-CW19 W 88104P112 62 200,000 SH   SOLE   200,000 0 0
TRADE STREET RESIDENTIAL INC COM 89255N203 6,508 977,150 SH   SOLE   977,150 0 0
TRI CONTL CORP COM COM 895436103 8,320 392,619 SH   SOLE   392,619 0 0
WHEELER REAL ESTATE INVESTME COM 963025101 4,466 2,200,000 SH   SOLE   2,200,000 0 0
WHEELER REAL ESTATE INVESTME W 963025119 4 48,000 SH   SOLE   48,000 0 0