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  <infoTable>
    <nameOfIssuer>ABERDEEN ASIA-PAC INCOME FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>003009107</cusip>
    <value>722</value>
    <shrsOrPrnAmt>
      <sshPrnamt>170000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>170000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALLIANCE NATIONAL MUNI INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>01864U106</cusip>
    <value>5416</value>
    <shrsOrPrnAmt>
      <sshPrnamt>401478</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>401478</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALLIANZGI CONV &amp; INCOME II</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>018825109</cusip>
    <value>50</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ABERDEEN GLBL PREM PROP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00302L108</cusip>
    <value>25</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>APOLLO SENIOR FLOATING RATE</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>037636107</cusip>
    <value>1578</value>
    <shrsOrPrnAmt>
      <sshPrnamt>104271</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>104271</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>APOLLO TACTICAL INCOME FUND</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>037638103</cusip>
    <value>631</value>
    <shrsOrPrnAmt>
      <sshPrnamt>42141</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>42141</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ARES DYNAMIC CREDIT ALLOCATI</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>04014F102</cusip>
    <value>1559</value>
    <shrsOrPrnAmt>
      <sshPrnamt>102073</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>102073</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK CORP HI YLD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09255P107</cusip>
    <value>807</value>
    <shrsOrPrnAmt>
      <sshPrnamt>74596</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>74596</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK FLT RT INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>091941104</cusip>
    <value>1208</value>
    <shrsOrPrnAmt>
      <sshPrnamt>96984</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>96984</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK INVT QUALITY MUNI</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09247D105</cusip>
    <value>5619</value>
    <shrsOrPrnAmt>
      <sshPrnamt>373064</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>373064</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK LTD DURATION INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09249W101</cusip>
    <value>738</value>
    <shrsOrPrnAmt>
      <sshPrnamt>48635</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>48635</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNI INTERM DURATI</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09253X102</cusip>
    <value>7195</value>
    <shrsOrPrnAmt>
      <sshPrnamt>509595</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>509595</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIENHANCED FUND</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09253Y100</cusip>
    <value>6861</value>
    <shrsOrPrnAmt>
      <sshPrnamt>618109</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>618109</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIHOLDINGS CA QU</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09254L107</cusip>
    <value>3972</value>
    <shrsOrPrnAmt>
      <sshPrnamt>289745</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>289745</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIHOLDINGS QUALI</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09254P108</cusip>
    <value>7690</value>
    <shrsOrPrnAmt>
      <sshPrnamt>578658</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>578658</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIHOLDINGS NJ QU</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09254X101</cusip>
    <value>2723</value>
    <shrsOrPrnAmt>
      <sshPrnamt>195190</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>195190</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIHOLDINGS NY QU</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09255C106</cusip>
    <value>1329</value>
    <shrsOrPrnAmt>
      <sshPrnamt>100000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>100000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIHOLDINGS QU II</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09254C107</cusip>
    <value>4806</value>
    <shrsOrPrnAmt>
      <sshPrnamt>383231</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>383231</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIHOLDINGS QUALI</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09254A101</cusip>
    <value>2285</value>
    <shrsOrPrnAmt>
      <sshPrnamt>184597</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>184597</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIVEST FUND</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09253R105</cusip>
    <value>7734</value>
    <shrsOrPrnAmt>
      <sshPrnamt>842715</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>842715</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIYIELD CALI FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09254M105</cusip>
    <value>2072</value>
    <shrsOrPrnAmt>
      <sshPrnamt>148233</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>148233</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIYIELD MI QUALI</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09254V105</cusip>
    <value>8180</value>
    <shrsOrPrnAmt>
      <sshPrnamt>590203</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>590203</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIYIELD NY QUALI</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09255E102</cusip>
    <value>1242</value>
    <shrsOrPrnAmt>
      <sshPrnamt>97157</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>97157</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIYIELD PENNSYLV</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09255G107</cusip>
    <value>1274</value>
    <shrsOrPrnAmt>
      <sshPrnamt>91002</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>91002</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIYIELD QUAL II</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09254G108</cusip>
    <value>7564</value>
    <shrsOrPrnAmt>
      <sshPrnamt>602705</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>602705</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIYIELD QUALITY</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09254E103</cusip>
    <value>13780</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1045519</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1045519</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNIYIELD QUALITY</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09254F100</cusip>
    <value>10664</value>
    <shrsOrPrnAmt>
      <sshPrnamt>733951</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>733951</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNI BOND TRUST</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09249H104</cusip>
    <value>2615</value>
    <shrsOrPrnAmt>
      <sshPrnamt>174321</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>174321</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKROCK MUNICIPAL INCOME Q</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>092479104</cusip>
    <value>3586</value>
    <shrsOrPrnAmt>
      <sshPrnamt>259825</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>259825</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BROOKFIELD REAL ASSETS INCOM</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>112830104</cusip>
    <value>1722</value>
    <shrsOrPrnAmt>
      <sshPrnamt>79183</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>79183</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>DWS MUNICIPAL INCOME TRUST</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>233368109</cusip>
    <value>9388</value>
    <shrsOrPrnAmt>
      <sshPrnamt>826399</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>826399</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>DWS STRATEGIC MUNICIPAL INCO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>23342Q101</cusip>
    <value>1542</value>
    <shrsOrPrnAmt>
      <sshPrnamt>129957</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>129957</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>DOUBLELINE OPPORT CREDIT</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>258623107</cusip>
    <value>83</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BNYM HIGH YIELD STRAT</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09660L105</cusip>
    <value>15</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BNYM MUNICIPAL INCOME</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>05589T104</cusip>
    <value>2367</value>
    <shrsOrPrnAmt>
      <sshPrnamt>275522</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>275522</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BNYM STRAT MUNI BND</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09662E109</cusip>
    <value>613</value>
    <shrsOrPrnAmt>
      <sshPrnamt>75577</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>75577</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BNYM STRAT MUNI</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>05588W108</cusip>
    <value>5655</value>
    <shrsOrPrnAmt>
      <sshPrnamt>672359</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>672359</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>EATON VANCE CAL MUNI BOND</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>27828A100</cusip>
    <value>3253</value>
    <shrsOrPrnAmt>
      <sshPrnamt>295222</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>295222</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>EATON VANCE FLOATING-RATE IN</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>278284104</cusip>
    <value>400</value>
    <shrsOrPrnAmt>
      <sshPrnamt>26558</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>26558</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>EATON VANCE FLOAT RT INC TR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>278279104</cusip>
    <value>1077</value>
    <shrsOrPrnAmt>
      <sshPrnamt>79923</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>79923</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>EATON VANCE LTD DURATION FND</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>27828H105</cusip>
    <value>421</value>
    <shrsOrPrnAmt>
      <sshPrnamt>33310</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>33310</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>EATON VANCE MUNICIPAL INCOME</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>27826U108</cusip>
    <value>12630</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1015310</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1015310</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>EATON VANCE SR FLTG RATE TR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>27828Q105</cusip>
    <value>1684</value>
    <shrsOrPrnAmt>
      <sshPrnamt>127679</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>127679</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>FEDERATED PREMIER MUNI INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>31423P108</cusip>
    <value>4357</value>
    <shrsOrPrnAmt>
      <sshPrnamt>317231</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>317231</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>FLAH &amp; CRUM TTL RTRN FND</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>338479108</cusip>
    <value>891</value>
    <shrsOrPrnAmt>
      <sshPrnamt>43375</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>43375</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>INVESCO AD MIT II</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46132E103</cusip>
    <value>6968</value>
    <shrsOrPrnAmt>
      <sshPrnamt>628316</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>628316</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>INVESCO MUNICIPAL OPPORTUNI</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46132C107</cusip>
    <value>1778</value>
    <shrsOrPrnAmt>
      <sshPrnamt>144212</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>144212</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>INVESCO QUALITY MUNI INC TR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46133G107</cusip>
    <value>9636</value>
    <shrsOrPrnAmt>
      <sshPrnamt>769674</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>769674</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>INVESCO TRUST FOR INVESTMEN</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46131M106</cusip>
    <value>8297</value>
    <shrsOrPrnAmt>
      <sshPrnamt>654319</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>654319</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>INVESCO VALUE MUNICIPAL INCO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46132P108</cusip>
    <value>913</value>
    <shrsOrPrnAmt>
      <sshPrnamt>59978</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>59978</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>IVY HIGH INCOME OPPORTUNITY</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>465893105</cusip>
    <value>1158</value>
    <shrsOrPrnAmt>
      <sshPrnamt>84849</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>84849</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>JOHN HANCOCK INVEST TRUST</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>410142103</cusip>
    <value>702</value>
    <shrsOrPrnAmt>
      <sshPrnamt>42228</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>42228</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>KAYNE ANDERSON MLP/MIDSTREAM</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>486606106</cusip>
    <value>84</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5300</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>MFS HIGH YIELD MUNICIPAL TRU</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>59318E102</cusip>
    <value>870</value>
    <shrsOrPrnAmt>
      <sshPrnamt>177726</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>177726</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MFS INVESTMENT GRADE MUNICIP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>59318B108</cusip>
    <value>2163</value>
    <shrsOrPrnAmt>
      <sshPrnamt>223958</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>223958</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>MFS MUNICIPAL INCOME TRUST</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>552738106</cusip>
    <value>1631</value>
    <shrsOrPrnAmt>
      <sshPrnamt>233460</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>233460</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>MACQUARIE/FT GL INT/UT DV IN</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>55607W100</cusip>
    <value>52</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUVEEN AMT-FR QU MUNI INC FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>670657105</cusip>
    <value>11761</value>
    <shrsOrPrnAmt>
      <sshPrnamt>845828</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>845828</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUVEEN AZ QUAL MUNI INC FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67061W104</cusip>
    <value>1722</value>
    <shrsOrPrnAmt>
      <sshPrnamt>131232</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>131232</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUVEEN CA AMT-FR MUNI INC FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>670651108</cusip>
    <value>2540</value>
    <shrsOrPrnAmt>
      <sshPrnamt>172578</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>172578</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>NUVEEN CA QUAL MUNI INC FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67066Y105</cusip>
    <value>3299</value>
    <shrsOrPrnAmt>
      <sshPrnamt>225741</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>225741</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUVEEN AMT-FR MUNI CREDIT FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67071L106</cusip>
    <value>7707</value>
    <shrsOrPrnAmt>
      <sshPrnamt>480473</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>480473</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>NUVEEN ENH MUNI VALUE FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67074M101</cusip>
    <value>1739</value>
    <shrsOrPrnAmt>
      <sshPrnamt>119211</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>119211</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>NUVEEN FLOAT RATE INC FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67072T108</cusip>
    <value>85</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8700</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUVEEN FLT RATE INC OPP FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>6706EN100</cusip>
    <value>1194</value>
    <shrsOrPrnAmt>
      <sshPrnamt>122485</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>122485</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUVEEN MUNI CREDIT INC FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67070X101</cusip>
    <value>4192</value>
    <shrsOrPrnAmt>
      <sshPrnamt>263960</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>263960</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUVEEN MUNI HIGH INC OPP FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>670682103</cusip>
    <value>9762</value>
    <shrsOrPrnAmt>
      <sshPrnamt>688409</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>688409</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUVEEN NJ QUAL MUNI INC FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67069Y102</cusip>
    <value>5152</value>
    <shrsOrPrnAmt>
      <sshPrnamt>361544</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>361544</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUVEEN PA QUAL MUNI INC FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>670972108</cusip>
    <value>3928</value>
    <shrsOrPrnAmt>
      <sshPrnamt>284930</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>284930</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUVEEN QUAL MUNI INCOME FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67066V101</cusip>
    <value>17046</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1210626</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1210626</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUVEEN REAL ASST INC &amp; GR FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67074Y105</cusip>
    <value>857</value>
    <shrsOrPrnAmt>
      <sshPrnamt>50741</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>50741</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUVEEN SENIOR INC FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67067Y104</cusip>
    <value>533</value>
    <shrsOrPrnAmt>
      <sshPrnamt>89953</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>89953</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NUVEEN VA QUAL MUNI INC FD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67064R102</cusip>
    <value>830</value>
    <shrsOrPrnAmt>
      <sshPrnamt>63936</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>63936</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PROSHARES TR</nameOfIssuer>
    <titleOfClass>SHORT 20+ TRE</titleOfClass>
    <cusip>74347X849</cusip>
    <value>31</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PROSHARES TR</nameOfIssuer>
    <titleOfClass>SHORT 7-10 YR TR</titleOfClass>
    <cusip>74348A608</cusip>
    <value>54</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PROSHARES TR</nameOfIssuer>
    <titleOfClass>SHORT S&amp;P 500 NE</titleOfClass>
    <cusip>74347B425</cusip>
    <value>144</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PIONEER DIVERSIFIED HIGH INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>723653101</cusip>
    <value>1400</value>
    <shrsOrPrnAmt>
      <sshPrnamt>97045</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>97045</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PIONEER HIGH INCOME TRUST</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>72369H106</cusip>
    <value>1525</value>
    <shrsOrPrnAmt>
      <sshPrnamt>165243</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>165243</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PIONEER MUNI HI INC ADV TRST</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>723762100</cusip>
    <value>7009</value>
    <shrsOrPrnAmt>
      <sshPrnamt>651350</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>651350</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>PIONEER MUNI HI INCOME TRUST</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>723763108</cusip>
    <value>4393</value>
    <shrsOrPrnAmt>
      <sshPrnamt>351618</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>351618</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>INVESCO FUNDAMENTAL HIGH YIE</nameOfIssuer>
    <titleOfClass>ETP</titleOfClass>
    <cusip>46138E719</cusip>
    <value>839</value>
    <shrsOrPrnAmt>
      <sshPrnamt>44142</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>44142</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>PRINCIPAL REAL ESTATE INCOME</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>74255X104</cusip>
    <value>2020</value>
    <shrsOrPrnAmt>
      <sshPrnamt>104965</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>104965</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>PROSHARES SHORT DOW30</nameOfIssuer>
    <titleOfClass>ETP</titleOfClass>
    <cusip>74347B235</cusip>
    <value>92</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1750</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1750</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>PGIM HIGH YIELD BOND FUND</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>69346H100</cusip>
    <value>1695</value>
    <shrsOrPrnAmt>
      <sshPrnamt>114568</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>114568</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>PUTNAM MANAGED MUNI INCM TRS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>746823103</cusip>
    <value>4439</value>
    <shrsOrPrnAmt>
      <sshPrnamt>570539</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>570539</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>PUTNAM MUNI OPPORTUNITIES TR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>746922103</cusip>
    <value>5134</value>
    <shrsOrPrnAmt>
      <sshPrnamt>401437</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>401437</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>SPDR BBG BARC HIGH YIELD BND</nameOfIssuer>
    <titleOfClass>ETP</titleOfClass>
    <cusip>78468R622</cusip>
    <value>1304</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>THL CREDIT SENIOR LOAN FUND</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87244R103</cusip>
    <value>568</value>
    <shrsOrPrnAmt>
      <sshPrnamt>37500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>37500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>WELLS FARGO INCOME OPPORTUNI</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>94987B105</cusip>
    <value>1049</value>
    <shrsOrPrnAmt>
      <sshPrnamt>126340</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>126340</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>WESTERN ASSET CORPORATE LOAN</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>95790J102</cusip>
    <value>598</value>
    <shrsOrPrnAmt>
      <sshPrnamt>61922</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>61922</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>WESTERN ASSET EMRG MRKT DBT</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>95766A101</cusip>
    <value>43</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>WESTERN ASSET HIGH INC II</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>95766J102</cusip>
    <value>1946</value>
    <shrsOrPrnAmt>
      <sshPrnamt>274506</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>274506</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>WESTERN ASSET INTERMEDIATE</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>958435109</cusip>
    <value>1133</value>
    <shrsOrPrnAmt>
      <sshPrnamt>126317</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>126317</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>WESTERN ASSET PREMIER BOND</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>957664105</cusip>
    <value>490</value>
    <shrsOrPrnAmt>
      <sshPrnamt>35298</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>35298</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
</informationTable>
