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
A H BELO CORP COM CL A 001282102 198 35,942 SH   SOLE   35,942 0 0
ADVANCED EMISSIONS SOLUTS IN COM 00770C101 130 14,240 SH   SOLE   14,240 0 0
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 1,011 115,555 SH   SOLE   115,555 0 0
ALERE INC COM 01449J105 2,876 57,297 SH   SOLE   57,297 0 0
ALLERGAN PLC SHS G0177J108 774 3,185 SH   SOLE   3,185 0 0
ALLIANCE HEALTHCARE SRVCS IN COM PAR 018606301 183 13,780 SH   SOLE   13,780 0 0
ALLIED WRLD ASSUR COM HLDG A SHS H01531104 22,405 423,540 SH   SOLE   423,540 0 0
ALTABA INC COM 021346101 40,371 741,020 SH   SOLE   741,020 0 0
ANCHOR BANCORP WA COM 032838104 4,154 165,826 SH   SOLE   165,826 0 0
ANDINA ACQUISITION CORP II UNIT 99/99/9999 G0441P112 2,033 187,500 SH   SOLE   187,500 0 0
ASB BANCORP INC N C COM 00213T109 936 21,300 SH   SOLE   21,300 0 0
ASHLAND GLOBAL HLDGS INC COM 044186104 323 4,900 SH   SOLE   4,900 0 0
AVISTA HEALTHCARE PUB ACQ CO UNIT 99/99/9999 G0726L109 1,548 150,000 SH   SOLE   150,000 0 0
AXAR ACQUISITION CORP *W EXP 12/31/202 05455L110 11 142,500 SH   SOLE   142,500 0 0
BARD C R INC COM 067383109 20,547 65,000 SH   SOLE   65,000 0 0
BARINGTON HILCO ACQUISITION COM 06759V101 2,802 274,740 SH   SOLE   274,740 0 0
BISON CAP ACQUISITION CORP UNIT 99/99/9999T G1142P120 1,020 100,000 SH   SOLE   100,000 0 0
BOULEVARD ACQUISITION *W EXP 09/25/202 10157Q110 89 124,450 SH   SOLE   124,450 0 0
BOULEVARD ACQUISITION CL A 10157Q102 5,589 557,819 SH   SOLE   557,819 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 1,737 137,759 SH   SOLE   137,759 0 0
BROOKDALE SR LIVING INC COM 112463104 690 46,900 SH   SOLE   46,900 0 0
CABELAS INC COM 126804301 2,906 48,900 SH   SOLE   48,900 0 0
CLOUGH GLOBAL EQUITY FD COM 18914C100 626 49,630 SH   SOLE   49,630 0 0
CLUBCORP HLDGS INC COM 18948M108 1,345 102,702 SH   SOLE   102,702 0 0
CONSTELLATION ALPHA CAPITAL UNIT 99/99/9999 G2379F124 1,521 150,000 SH   SOLE   150,000 0 0
CORNERSTONE STRATEGIC VALUE COM 21924B302 1,835 115,577 SH   SOLE   115,577 0 0
COTY INC COM CL A 222070203 1,452 77,394 SH   SOLE   77,394 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 953 91,138 SH   SOLE   91,138 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 1,072 17,539 SH   SOLE   17,539 0 0
DEPOMED INC COM 249908104 162 15,100 SH   SOLE   15,100 0 0
DEUTSCHE GLOBAL HIGH INCOME COM 25158V108 590 67,712 SH   SOLE   67,712 0 0
DIGITALGLOBE INC COM NEW 25389M877 3,163 94,984 SH   SOLE   94,984 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 2,327 90,091 SH   SOLE   90,091 0 0
DIVIDEND & INCOME FUND COM NEW 25538A204 262 21,188 SH   SOLE   21,188 0 0
DOMINION DIAMOND CORP COM 257287102 459 36,569 SH   SOLE   36,569 0 0
DOUBLE EAGLE ACQUISITION COR UNIT 99/99/9999 G28195108 4,724 444,000 SH   SOLE   444,000 0 0
DOW CHEM CO COM 260543103 13,881 220,088 SH   SOLE   220,088 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 3,212 39,800 SH Call SOLE   39,800 0 0
ELECTRUM SPL ACQUISITION COR SHS G3105C104 2,317 229,645 SH   SOLE   229,645 0 0
ENDOCYTE INC COM 29269A102 21 14,200 SH   SOLE   14,200 0 0
FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 1,590 101,591 SH   SOLE   101,591 0 0
FINTECH ACQUISITION CORP II UNIT 99/99/9999 31810G208 844 81,200 SH   SOLE   81,200 0 0
FIRSTHAND TECH VALUE FD INC COM 33766Y100 208 24,839 SH   SOLE   24,839 0 0
FORESTAR GROUP INC COM 346233109 1,255 73,150 SH   SOLE   73,150 0 0
FORUM MERGER CORP UNIT 06/01/2024 34985B202 2,384 234,000 SH   SOLE   234,000 0 0
GABELLI EQUITY TR INC COM 362397101 794 128,466 SH   SOLE   128,466 0 0
GAS NAT INC COM 367204104 577 44,680 SH   SOLE   44,680 0 0
GENERAL COMMUNICATION INC CL A 369385109 2,239 61,105 SH   SOLE   61,105 0 0
HARMONY MERGER CORP UNIT 99/99/9999 413247206 837 75,000 SH   SOLE   75,000 0 0
HARMONY MERGER CORP COM 413247107 8,038 778,000 SH   SOLE   778,000 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 332 20,000 SH   SOLE   20,000 0 0
JPMORGAN CHINA REGION FD INC COM 48126T104 7,736 385,430 SH   SOLE   385,430 0 0
KBL MERGER CORP IV UNIT 01/15/2024 48242A203 4,080 400,000 SH   SOLE   400,000 0 0
KOREA EQUITY FD INC COM 50063B104 3,699 525,426 SH   SOLE   525,426 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 9,251 155,999 SH   SOLE   155,999 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 411 72,538 SH   SOLE   72,538 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 638 29,306 SH   SOLE   29,306 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 781 24,325 SH   SOLE   24,325 0 0
LOEWS CORP COM 540424108 8,674 185,300 SH   SOLE   185,300 0 0
LUNA INNOVATIONS COM 550351100 52 34,483 SH   SOLE   34,483 0 0
MERRIMACK PHARMACEUTICALS IN COM 590328100 311 250,800 SH   SOLE   250,800 0 0
MOBILEYE N V AMSTELVEEN ORD SHS N51488117 9,301 148,100 SH   SOLE   148,100 0 0
MODERN MEDIA ACQUISITION *W EXP 05/17/202 60765P111 65 180,000 SH   SOLE   180,000 0 0
MODERN MEDIA ACQUISITION RIGHT 99/99/9999 60765P129 123 324,000 SH   SOLE   324,000 0 0
MODERN MEDIA ACQUISITION COM 60765P103 3,517 360,000 SH   SOLE   360,000 0 0
MODUSLINK GLOBAL SOLUTIONS I COM NEW 60786L206 119 69,804 SH   SOLE   69,804 0 0
MONSANTO CO NEW COM 61166W101 2,959 25,000 SH   SOLE   25,000 0 0
NEUSTAR INC CL A 64126X201 667 20,000 SH   SOLE   20,000 0 0
NEW YORK REIT INC COM 64976L109 3,781 437,624 SH   SOLE   437,624 0 0
NEXPOINT CR STRATEGIES FD COM NEW 65340G205 4,976 228,469 SH   SOLE   228,469 0 0
NORSAT INTL INC NEW COM NEW 656512209 743 65,191 SH   SOLE   65,191 0 0
NOVELION THERAPEUTICS INC COM NEW 67001K202 336 36,428 SH   SOLE   36,428 0 0
NXP SEMICONDUCTORS N V COM N6596X109 9,819 89,710 SH   SOLE   89,710 0 0
OFS CAP CORP COM 67103B100 551 38,528 SH   SOLE   38,528 0 0
ORIGO ACQUISITION CORP SHS G67789126 3,214 309,070 SH   SOLE   309,070 0 0
PACHOLDER HIGH YIELD FD INC COM 693742108 1,447 181,797 SH   SOLE   181,797 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 4,461 174,614 SH   SOLE   174,614 0 0
PACIFIC SPL ACQUISITION CORP SHS G68588105 2,556 250,000 SH   SOLE   250,000 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106 600 42,557 SH   SOLE   42,557 0 0
REALNETWORKS INC COM NEW 75605L708 115 26,522 SH   SOLE   26,522 0 0
REAVES UTIL INCOME FD COM SH BEN INT 756158101 859 25,000 SH   SOLE   25,000 0 0
RENTECH INC COM NEW 760112201 59 131,249 SH   SOLE   131,249 0 0
REYNOLDS AMERICAN INC COM 761713106 10,822 166,393 SH   SOLE   166,393 0 0
RITE AID CORP COM 767754104 1,301 441,046 SH   SOLE   441,046 0 0
ROYAL BANCSHARES PA INC CL A 780081105 620 146,532 SH   SOLE   146,532 0 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 5,654 475,138 SH   SOLE   475,138 0 0
SAMSON OIL & GAS LTD SPON ADR NEW 796043206 7 14,119 SH   SOLE   14,119 0 0
SANOFI RIGHT 12/31/2020 80105N113 59 155,177 SH   SOLE   155,177 0 0
SCICLONE PHARMACEUTICALS INC COM 80862K104 941 85,500 SH   SOLE   85,500 0 0
SOUTHWEST BANCORP INC OKLA COM 844767103 2,603 101,867 SH   SOLE   101,867 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 1,319 28,564 SH   SOLE   28,564 0 0
SYMANTEC CORP COM 871503108 200 7,082 SH   SOLE   7,082 0 0
TEGNA INC COM 87901J105 144 10,000 SH   SOLE   10,000 0 0
TIME WARNER INC COM NEW 887317303 27,728 276,146 SH   SOLE   276,146 0 0
TRANS WORLD ENTMT CORP COM 89336Q100 17 10,400 SH   SOLE   10,400 0 0
TRIBUNE MEDIA CO CL A 896047503 3,289 80,667 SH   SOLE   80,667 0 0
TURKISH INVT FD INC COM 900145103 2,509 260,264 SH   SOLE   260,264 0 0
VALVOLINE INC COM 92047W101 253 10,660 SH   SOLE   10,660 0 0
VCA INC COM 918194101 4,955 53,674 SH   SOLE   53,674 0 0
VIACOM INC NEW CL B 92553P201 1,797 53,542 SH   SOLE   53,542 0 0
VIDEOCON D2H LTD ADR 92657J101 138 14,125 SH   SOLE   14,125 0 0
VTTI ENERGY PARTNERS LP COM UNIT RP LT Y9384M101 7,180 365,413 SH   SOLE   365,413 0 0
WEST CORP COM 952355204 1,356 58,141 SH   SOLE   58,141 0 0
WESTAR ENERGY INC COM 95709T100 3,958 74,652 SH   SOLE   74,652 0 0
WRIGHT MED GROUP N V RIGHT 03/01/2019 N96617126 57 38,308 SH   SOLE   38,308 0 0
XCERRA CORP COM 98400J108 937 95,919 SH   SOLE   95,919 0 0