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 CHILE FD INC COM 00301W105 341 48,900 SH   SOLE   48,900 0 0
ABERDEEN GTR CHINA FD COM 003031101 107 10,235 SH   SOLE   10,235 0 0
ABERDEEN EMERGING MKTS SMALL COM 00301T102 280 21,500 SH   SOLE   21,500 0 0
ABERDEEN INDONESIA FD COM 00305P106 106 14,758 SH   SOLE   14,758 0 0
ABERDEEN ISRAEL FUND INC COM 00301L109 498 28,425 SH   SOLE   28,425 0 0
ABERDEEN JAPAN EQUITY FD COM 00306J109 638 80,207 SH   SOLE   80,207 0 0
ABERDEEN SINGAPORE FD INC COM 003244100 3,325 310,794 SH   SOLE   310,794 0 0
ADAMS EXPRESS COMPANY COM 006212104 2,295 166,914 SH   SOLE   166,914 0 0
ADVENT/CLAYMORE ENH GR & INC COM 00765E104 12,337 1,461,794 SH   SOLE   1,461,794 0 0
ALPINE GLOBAL PREMIER PPTYS COM 02083A103 1,297 226,679 SH   SOLE   226,679 0 0
ANDINA ACQUISITION CORP II SHS G0441P104 2,031 201,285 SH   SOLE   201,285 0 0
ANDINA ACQUISITION CORP II RIGHT 09/01/2017 G0441P120 95 201,285 SH   SOLE   201,285 0 0
ANDINA ACQUISITION CORP II *W EXP 11/23/202 G0441P138 57 201,285 SH   SOLE   201,285 0 0
ASIA TIGERS FUND INC COM 04516T105 1,706 149,803 SH   SOLE   149,803 0 0
AVISTA HEALTHCARE PUB ACQ CO COM G0726L125 2,486 252,000 SH   SOLE   252,000 0 0
AVISTA HEALTHCARE PUB ACQ CO *W EXP 99/99/999 G0726L117 65 130,910 SH   SOLE   130,910 0 0
AXAR ACQUISTION COPR *W EXP 05455L102 11 150,176 SH   SOLE   150,176 0 0
BARINGTON HILCO ACQUISITION COM 06759V101 519 50,823 SH   SOLE   50,823 0 0
BARINGTON HILCO ACQUISITION Rights 06759V119 18 50,823 SH   SOLE   50,823 0 0
BARINGTON HILCO ACQUISITION *W EXP 02/11/201 06759V127 9 50,823 SH   SOLE   50,823 0 0
BLACKROCK DEBT STRAT FD INC COM NEW 09255R202 1,315 114,133 SH   SOLE   114,133 0 0
BOULDER GROWTH & INCM FD INC COM 101507101 3,967 426,605 SH   SOLE   426,605 0 0
CENTRAL SECS CORP COM COM 155123102 8,903 371,496 SH   SOLE   371,496 0 0
CLOUGH GLOBAL EQUITY FUND COM 18914C100 15,350 1,214,401 SH   SOLE   1,214,401 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 1,317 127,970 SH   SOLE   127,970 0 0
COPSYNC INC *W EXP 11/12/202 217712116 2 30,000 SH   SOLE   30,000 0 0
CREDIT SUISSE ASSET MGMT INC COM 224916106 3,299 999,817 SH   SOLE   999,817 0 0
CROSSROADS CAPITAL INC COM 227656105 2,568 1,121,332 SH   SOLE   1,121,332 0 0
CUSHING RENAISSANCE FD COM 231647108 7,671 416,010 SH   SOLE   416,010 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 6,248 568,505 SH   SOLE   568,505 0 0
DELAWARE INV DIVIDEND & INV COM 245915103 2,362 228,898 SH   SOLE   228,898 0 0
DEUTSCHE GLOBAL HIGH INCOME COM 25158V108 447 52,601 SH   SOLE   52,601 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 14,831 1,012,392 SH   SOLE   1,012,392 0 0
DEUTSCHE MULTI-MARKET INCOME SHS 25160E102 873 100,341 SH   SOLE   100,341 0 0
ELECTRUM SPL ACQUISITION COR *W EXP 99/99/999 G3105C112 68 151,020 SH   SOLE   151,020 0 0
ELLSWORTH FUND INC COM 289074106 665 77,045 SH   SOLE   77,045 0 0
EQUUS TOTAL RETURN INC COM 294766100 1,238 497,162 SH   SOLE   497,162 0 0
FIRST TRUST ABERDEEN GLOBAL COM SHR 337319107 7,819 672,929 SH   SOLE   672,929 0 0
FIRST TR ENHANCED EQTY INC COM 337318109 2,010 139,222 SH   SOLE   139,222 0 0
FIRSTHAND TECHNOLOGY VALUE COM 33766Y100 2,039 256,186 SH   SOLE   256,186 0 0
FRANKLIN UNVL TR SH BEN INT 355145103 449 64,278 SH   SOLE   64,278 0 0
GDL FUND COM 361570104 261 26,554 SH   SOLE   26,554 0 0
GENERAL AMERICAN INVESTORS COM 368802104 1,635 48,808 SH   SOLE   48,808 0 0
GREAT ELM CAP CORP COM 390320109 5,349 470,056 SH   SOLE   470,056 0 0
GSV CAPITAL CORP COM 36191J101 280 62,496 SH   SOLE   62,496 0 0
HARMONY MERGER CORP-WARRANT *W EXP 01/01/202 413247123 100 200,000 SH   SOLE   200,000 0 0
HERZFELD CARIBBEAN BASIN FD COM 42804T106 682 96,306 SH   SOLE   96,306 0 0
HILL INTERNATIONAL INC COM 431466101 13,985 3,370,000 SH   SOLE   3,370,000 0 0
HUNTER MARITIME ACQUISITION UNIT Y37828103 1,943 189,400 SH   SOLE   189,400 0 0
JAPAN SMALLER CAPTLZTN FD INC COM 47109U104 12,293 1,134,038 SH   SOLE   1,134,038 0 0
JETPAY CORP COM 477177109 237 100,877 SH   SOLE   100,877 0 0
JPMORGAN CHINA REGION FD INC COM 48126T104 12,797 698,141 SH   SOLE   698,141 0 0
KOREA EQUITY FD INC COM 50063B104 13,058 1,487,216 SH   SOLE   1,487,216 0 0
LAZARD GLOBAL TOT RT & INC COM 52106W103 11,970 797,557 SH   SOLE   797,557 0 0
LAZARD WORLD DIVIDEND & INCOME COM 521076109 263 24,650 SH   SOLE   24,650 0 0
LIBERTY ALL STAR EQUITY FD SH SH BEN INT 530158104 8,581 1,571,531 SH   SOLE   1,571,531 0 0
M I ACQUISITION CORP UNIT 99/99/9999 55304A203 3,986 390,000 SH   SOLE   390,000 0 0
M III ACQUISITION CORP UNIT 99/99/9999T 55378T203 2,666 265,200 SH   SOLE   265,200 0 0
MORGAN STANLEY ASIA PAC FD COM 61744U106 3,083 460,014 SH   SOLE   460,014 0 0
MVC CAPITAL INC COM 553829102 12,396 1,378,812 SH   SOLE   1,378,812 0 0
NEUBERGER BERMAN REAL ESTATE COM 64190A103 15,216 2,860,100 SH   SOLE   2,860,100 0 0
NEW IRELAND FUND INC COM 645673104 2,167 171,201 SH   SOLE   171,201 0 0
NEW YORK REIT INC COM 64976L109 31,638 3,265,032 SH   SOLE   3,265,032 0 0
ORIGO ACQUISITION CORP SHS G67789126 343 32,785 SH   SOLE   32,785 0 0
ORIGO ACQUISITION CORP-RTS RIGHT 12/12/2016 G67789134 14 75,000 SH   SOLE   75,000 0 0
ORIGO ACQUISITION COR. WT *W EXP 12/17/202 G67789118 8 75,000 SH   SOLE   75,000 0 0
PACHOLDER HIGH YIELD FUND COM 693742108 11,622 1,505,407 SH   SOLE   1,505,407 0 0
PACIFIC SPECIAL ACQUISITION SHS G68588105 3,105 300,000 SH   SOLE   300,000 0 0
PACIFIC SPECIAL ACQUISITION RIGHT 03/15/2017 G68588113 125 300,000 SH   SOLE   300,000 0 0
PACIFIC SPECIAL ACQUISITION *W EXP 10/20/202 G68588121 104 300,000 SH   SOLE   300,000 0 0
PUTNAM HIGH INCOME SECURITIE SHS BEN INT 746779107 12,850 1,482,158 SH   SOLE   1,482,158 0 0
QUINPARIO ACQUISITION C-CW23 *W EXP 01/01/202 74874U119 17 33,337 SH   SOLE   33,337 0 0
ROYCE VALUE TRUST COM 780910105 1,039 74,200 SH   SOLE   74,200 0 0
SOURCE CAPITAL INC COM 836144105 3,070 81,743 SH   SOLE   81,743 0 0
STELLAR ACQUISITION III INC COM Y8172W107 6,621 653,000 SH   SOLE   653,000 0 0
STELLAR AQCUISITION III *W EXP 03/22/202 Y8172W115 222 653,000 SH   SOLE   653,000 0 0
STEWART INFORMATION SERVICES COM 860372101 42,596 964,143 SH   SOLE   964,143 0 0
SWISS HELVETIA FUND COM 870875101 24,667 2,126,494 SH   SOLE   2,126,494 0 0
TECNOGLASS INC SHS G87264100 401 36,980 SH   SOLE   36,980 0 0
TRI CONTL CORP COM COM 895436103 7,253 313,691 SH   SOLE   313,691 0 0
VIRTUS TOTAL RETURN FD COM 92829A103 7,887 1,804,725 SH   SOLE   1,804,725 0 0
VIVOPOWER INTERNATIONAL PLC SHS G9376R100 270 59,990 SH   SOLE   59,990 0 0
WHEELER REAL ESTATE INVESTME COM 963025101 35 20,069 SH   SOLE   20,069 0 0