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 10,378 1,236,905 SH   SOLE   1,236,905 0 0
ABERDEEN GTR CHINA FD COM 003031101 2,910 248,080 SH   SOLE   248,080 0 0
ABERDEEN EMERGING MKTS SMALL COM 00301T102 602 43,119 SH   SOLE   43,119 0 0
ABERDEEN INDONESIA FD COM 00305P106 1,174 151,330 SH   SOLE   151,330 0 0
ABERDEEN ISRAEL FUND INC COM 00301L109 5,738 279,913 SH   SOLE   279,913 0 0
ABERDEEN JAPAN EQUITY FD COM 00306J109 4,600 528,129 SH   SOLE   528,129 0 0
ABERDEEN LATIN AMERICAN EQTY COM 00306K106 1,080 39,461 SH   SOLE   39,461 0 0
ABERDEEN SINGAPORE FD INC COM 003244100 4,476 384,563 SH   SOLE   384,563 0 0
ADAMS EXPRESS COMPANY COM 006212104 3,649 239,896 SH   SOLE   239,896 0 0
ALPINE GLOBAL PREMIER PPTYS COM 02083A103 1,503 226,679 SH   SOLE   226,679 0 0
ANDINA ACQUISITION CORP II SHS G0441P104 1,995 196,406 SH   SOLE   196,406 0 0
ANDINA ACQUISITION CORP II RIGHT 09/01/2017 G0441P120 116 196,406 SH   SOLE   196,406 0 0
ANDINA ACQUISITION CORP II *W EXP 11/23/202 G0441P138 71 196,406 SH   SOLE   196,406 0 0
ASIA TIGERS FUND INC COM 04516T105 2,136 172,630 SH   SOLE   172,630 0 0
ATLANTIC ACQUISITION COR - U Unit 048206205 1,542 150,000 SH   SOLE   150,000 0 0
AVISTA HEALTHCARE PUB ACQ CO COM G0726L125 2,484 248,436 SH   SOLE   248,436 0 0
AVISTA HEALTHCARE PUB ACQ CO *W EXP 99/99/999 G0726L117 99 248,436 SH   SOLE   248,436 0 0
BARINGTON HILCO ACQUISITION COM 06759V101 539 52,080 SH   SOLE   52,080 0 0
BARINGTON HILCO ACQUISITION Rights 06759V119 12 49,649 SH   SOLE   49,649 0 0
BARINGTON HILCO ACQUISITION *W EXP 02/11/201 06759V127 5 49,649 SH   SOLE   49,649 0 0
BISON CAPITAL ACQUISITION UNIT G1142P120 2,054 200,000 SH   SOLE   200,000 0 0
BLACKROCK DEBT STRAT FD INC COM NEW 09255R202 708 60,644 SH   SOLE   60,644 0 0
BORQS TECHNOLOGIES INC -CW22 *W EXP 99/99/999 G1466B111 82 292,153 SH   SOLE   292,153 0 0
BOULDER GROWTH & INCM FD INC COM 101507101 4,351 426,605 SH   SOLE   426,605 0 0
CENTRAL SECS CORP COM COM 155123102 9,520 368,295 SH   SOLE   368,295 0 0
CHINA FUND INC COM 169373107 7,150 351,363 SH   SOLE   351,363 0 0
CLOUGH GLOBAL EQUITY FUND COM 18914C100 8,098 610,898 SH   SOLE   610,898 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 1,331 125,563 SH   SOLE   125,563 0 0
CONSTELLATION ALPHA CAPITAL UNIT G2379F124 513 50,000 SH   SOLE   50,000 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 7,490 631,553 SH   SOLE   631,553 0 0
DELAWARE INV DIVIDEND & INV COM 245915103 1,958 182,008 SH   SOLE   182,008 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 14,917 985,907 SH   SOLE   985,907 0 0
DEUTSCHE MULTI-MARKET INCOME SHS 25160E102 5,321 593,845 SH   SOLE   593,845 0 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 1,786 143,311 SH   SOLE   143,311 0 0
DRAPER OAKWOOD TECHNOLOGY AC Unit 26146L202 2,555 250,000 SH   SOLE   250,000 0 0
ELECTRUM SPL ACQUISITION COR SHS G3105C104 287 27,020 SH   SOLE   27,020 0 0
ELECTRUM SPL ACQUISITION COR *W EXP 99/99/999 G3105C112 15 47,820 SH   SOLE   47,820 0 0
ELLSWORTH FUND INC COM 289074106 450 48,595 SH   SOLE   48,595 0 0
EQUUS TOTAL RETURN INC COM 294766100 1,208 497,162 SH   SOLE   497,162 0 0
FIRST TR ENHANCED EQTY INC COM 337318109 1,048 69,613 SH   SOLE   69,613 0 0
FIRSTHAND TECHNOLOGY VALUE COM 33766Y100 1,687 210,715 SH   SOLE   210,715 0 0
FORUM MERGER CORP UNIT 34985B202 4,320 421,427 SH   SOLE   421,427 0 0
FRANKLIN UNVL TR SH BEN INT 355145103 1,762 242,418 SH   SOLE   242,418 0 0
GDL FUND COM 361570104 271 26,554 SH   SOLE   26,554 0 0
GENERAL AMERICAN INVESTORS COM 368802104 1,758 48,808 SH   SOLE   48,808 0 0
GREAT ELM CAP CORP COM 390320109 4,333 415,072 SH   SOLE   415,072 0 0
GSV CAPITAL CORP COM 36191J101 325 60,104 SH   SOLE   60,104 0 0
HERZFELD CARIBBEAN BASIN FD COM 42804T106 507 69,940 SH   SOLE   69,940 0 0
HILL INTERNATIONAL INC COM 431466101 16,021 3,373,163 SH   SOLE   3,373,163 0 0
HUNTER MARITIME ACQUISITION CL A Y37828111 1,827 186,828 SH   SOLE   186,828 0 0
HUNTER MARITIME ACQUISITION WTS W EXP 99/99/999 Y37828129 56 93,414 SH   SOLE   93,414 0 0
I-AM CAPITAL ACQUISITION CO Unit 45074Q207 2,562 250,000 SH   SOLE   250,000 0 0
INDUSTREA ACQUISITION CORP Unit 45579J203 6,066 600,000 SH   SOLE   600,000 0 0
INVESCO PA VALUE MUN INCOME TR COM 46132K109 2,244 182,321 SH   SOLE   182,321 0 0
JAPAN SMALLER CAPTLZTN FD INC COM 47109U104 11,744 935,763 SH   SOLE   935,763 0 0
KBL MERGER CORP IV UNIT 48242A203 5,120 502,000 SH   SOLE   502,000 0 0
LAZARD GLOBAL TOT RT & INC COM 52106W103 8,189 488,605 SH   SOLE   488,605 0 0
LAZARD WORLD DIVIDEND & INCOME COM 521076109 263 23,192 SH   SOLE   23,192 0 0
LIBERTY ALL STAR EQUITY FD SH SH BEN INT 530158104 7,564 1,254,477 SH   SOLE   1,254,477 0 0
M I ACQUISITIONS INC COM 55304A104 3,900 384,235 SH   SOLE   384,235 0 0
M I ACQUISITIONS INC *W EXP 99/99/999 55304A112 133 384,235 SH   SOLE   384,235 0 0
M III ACQUISITION CORP UNIT 99/99/9999T 55378T203 2,700 261,911 SH   SOLE   261,911 0 0
MODERN MEDIA ACQUISITION COR COM 60765P103 2,827 289,686 SH   SOLE   289,686 0 0
MODERN MEDIA ACQUISITION-RTS Rights 60765P129 101 282,325 SH   SOLE   282,325 0 0
MODERN MEDIA ACQUISITIO-CW22 Warrants 60765P111 79 147,043 SH   SOLE   147,043 0 0
MORGAN STANLEY ASIA PAC FD COM 61744U106 7,794 452,116 SH   SOLE   452,116 0 0
MVC CAPITAL INC COM 553829102 8,029 802,106 SH   SOLE   802,106 0 0
NEW IRELAND FUND COM 645673104 436 31,795 SH   SOLE   31,795 0 0
NEW YORK REIT INC COM 64976L109 30,075 3,831,249 SH   SOLE   3,831,249 0 0
NEXTDECADE CORP W EXP 99/99/999 65342K113 115 123,986 SH   SOLE   123,986 0 0
NUVEEN CONNECTICUT QLTY MUN FD COM 67060D107 1,526 125,003 SH   SOLE   125,003 0 0
ORIGO ACQUISITION CORP-RTS RIGHT 12/12/2016 G67789134 24 73,423 SH   SOLE   73,423 0 0
ORIGO ACQUISITION COR. WT *W EXP 12/17/202 G67789118 22 73,423 SH   SOLE   73,423 0 0
PENSARE ACQUISITION UNITS 70957E204 874 84,600 SH   SOLE   84,600 0 0
PUTNAM HIGH INCOME SECURITIE SHS BEN INT 746779107 13,564 1,519,970 SH   SOLE   1,519,970 0 0
QUINPARIO ACQUISITION C-CW23 *W EXP 01/01/202 74874U119 12 32,582 SH   SOLE   32,582 0 0
ROYCE VALUE TRUST COM 780910105 1,172 74,200 SH   SOLE   74,200 0 0
SOURCE CAPITAL INC COM 836144105 7,185 178,637 SH   SOLE   178,637 0 0
SPDR S&P ETF TR TR UNIT TR UNIT 78432F103 440 1,750 SH   SOLE   1,750 0 0
STELLAR ACQUISITION III INC COM Y8172W107 6,507 640,219 SH   SOLE   640,219 0 0
STELLAR AQCUISITION III *W EXP 03/22/202 Y8172W115 237 640,219 SH   SOLE   640,219 0 0
STEWART INFORMATION SERVICES COM 860372101 27,047 716,283 SH   SOLE   716,283 0 0
SWISS HELVETIA FUND COM 870875101 24,485 1,917,876 SH   SOLE   1,917,876 0 0
TAIWAN FD INC COM 874036106 2,409 117,043 SH   SOLE   117,043 0 0
TRI CONTL CORP COM COM 895436103 6,744 263,957 SH   SOLE   263,957 0 0
TRINITY PLACE HOLDINGS INC COM 89656D101 594 84,683 SH   SOLE   84,683 0 0
TURKISH INVT FD INC COM 900145103 3,025 322,661 SH   SOLE   322,661 0 0
VIVOPOWER INTERNATIONAL PLC SHS G9376R100 203 58,609 SH   SOLE   58,609 0 0