Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AGNC	AGNC INVT CORP	2,037,519	$22.55M	11.7%	$11.07	$12.01	—	COM	00123Q104
—	CORNERSTONE TOTAL RETURN FD	2,102,042	$17.51M	9.1%	$8.33	$8.34	—	COM	21924U300
—	GREAT AJAX CORP	689,508	$16.91M	8.7%	$24.52	$24.99	—	7.25 CV SR NT 24	38983D409
PNNT	PENNANTPARK INVT CORP	2,448,156	$15.13M	7.8%	$6.18 *	$4.37	-1.5%	COM	708062104
MFA	MFA FINL INC	899,794	$9.673M	5.0%	$10.75	$10.75	—	COM ADDED	55272X607
—	GREAT AJAX CORP	651,328	$6.246M	3.2%	$9.59	$10.57	—	COM	38983D300
—	TORTOISE MIDSTRM ENERGY FD I	194,016	$6.241M	3.2%	$32.17	$36.77	—	COM	89148B200
—	TEMPLETON GLOBAL INCOME FD	1,290,039	$5.689M	2.9%	$4.41	$4.64	—	COM	880198106
CCIF	VERTICAL CAP INCOME FD	546,229	$5.108M	2.6%	$9.35	$9.84	—	SHS BEN INT	92535C104
—	BLACKROCK ESG CAP ALLC TR	328,085	$4.695M	2.4%	$14.31	$14.31	—	SHS BEN INT	09262F100
—	CORNERSTONE STRATEGIC VALUE	487,856	$4.186M	2.2%	$8.58	$8.96	—	COM	21924B302
PFX	PHENIXFIN CORP	99,677	$3.637M	1.9%	$36.49	$37.92	-3.3%	COM	71742W103
—	CUSHING MLP & INFRASTRUCT	130,772	$3.633M	1.9%	$27.78	$24.22	—	COM NEW	231631300
—	TORTOISE ENERGY INFRA CORP	114,131	$3.376M	1.7%	$29.58	$32.42	—	COM	89147L886
LADR	LADDER CAP CORP	293,072	$3.089M	1.6%	$10.54	$11.87	—	CL A	505743104
—	NEW YORK MTG TR	1,048,046	$2.893M	1.5%	$2.76	$2.66	—	COM PAR $.02INC	649604501
—	ABRDN ASIA PACIFIC INCOME FU	979,427	$2.86M	1.5%	$2.92	$3.38	—	COM	003009107
BRSP	BRIGHTSPIRE CAPITAL INC	371,665	$2.806M	1.5%	$7.55	$9.12	—	COM CL A	10949T109
—	SAFEGUARD SCIENTIFICS INC	713,445	$2.661M	1.4%	$3.73	$9.91	—	COM NEW	786449207
—	MORGAN STANLEY EMERGING MKTS	581,307	$2.61M	1.3%	$4.49	$4.96	—	COM	617477104
—	NUVEEN CR STRATEGIES INCOME	486,542	$2.53M	1.3%	$5.20	$5.20	—	SHSCOM	67073D102
—	CLEARBRIDGE ENERGY MIDSTRM O	100,057	$2.362M	1.2%	$23.61	$16.50	—	COM	18469P209
—	CLEARBRIDGE MLP AND MIDSTRM	86,417	$2.214M	1.1%	$25.62	$28.66	—	COM	18469Q207
RDN	RADIAN GROUP INC	111,917	$2.2M	1.1%	$19.66 *	$15.40	+20.8%	COM	750236101
—	CENTER COAST BRKFLD MLP ENRG	132,344	$2.119M	1.1%	$16.01	$14.37	—	SHS BEN INT	151461209
—	PIMCO ENERGY & TACTICAL CR O	161,616	$2.075M	1.1%	$12.84	$12.73	—	SHS BEN INTCOM	69346N107
—	NEUBERGER BERMAN MLP & ENERG	322,537	$1.935M	1.0%	$6.00	$4.74	—	COM	64129H104
MTG	MGIC INVT CORP WIS	151,205	$1.905M	1.0%	$12.60 *	$14.31	-8.1%	COM	552848103
—	GENERAL AMERN INVS CO INC	49,983	$1.767M	0.9%	$35.35	$38.47	—	COM	368802104
—	GOLDMAN SACHS MLP ENERGY REN	156,945	$1.749M	0.9%	$11.14	$9.09	—	COM	38148G206
—	NEUBERGER BERMAN NEXT GENERA	168,776	$1.674M	0.9%	$9.92	$9.92	—	COMMON STOCK	64133Q108
DX	DYNEX CAP INC	104,425	$1.663M	0.9%	$15.93	$16.20	—	COM	26817Q886
—	SALIENT MIDSTREAM & MLP FD	217,168	$1.644M	0.8%	$7.57	$7.95	—	SH BEN INT	79471V105
—	GUGGENHEIM ACTIVE ALLOC FD	103,464	$1.469M	0.8%	$14.20	$14.20	—	COMMON STOCK	40170T106
RDI	READING INTL INC	384,699	$1.388M	0.7%	$3.61 *	$4.35	-13.5%	CL A	755408101
—	WESTERN ASSET MTG CAP CORP	1,142,708	$1.382M	0.7%	$1.21	$1.43	—	COM	95790D105
SEVN	SEVEN HILLS REALTY TRUST	127,550	$1.362M	0.7%	$10.68	$11.13	—	COM	81784E101
EARN	ELLINGTON RESIDENTIAL MTG RE	177,996	$1.33M	0.7%	$7.47	$7.47	—	SHS BEN INTCOM	288578107
—	NUVEEN CORE PLUS IMPACT FUND	94,824	$1.112M	0.6%	$11.73	$12.51	—	COM BEN INT	67080D103
—	NUVEEN OHIO QLTY MUN INCOME	86,743	$1.099M	0.6%	$12.67	$12.67	—	COM	670980101
—	BLACKROCK CAP INVT CORP	282,493	$1.037M	0.5%	$3.67	$3.24	—	COM	092533108
—	MORGAN STANLEY INDIA INVT FD	42,604	$952K	0.5%	$22.35	$25.04	—	COM	61745C105
—	NUVEEN SHORT DURATION CR OPP	78,785	$948K	0.5%	$12.03	$12.03	—	COM	67074X107
—	TORTOISE PWR & ENERGY INFRAS	68,312	$854K	0.4%	$12.50	$8.73	—	COM	89147X104
—	NICHOLAS FINL INC BC	91,670	$854K	0.4%	$9.32	$6.65	—	COM NEW	65373J209
—	KAYNE ANDERSON NEXTGEN ENRGY	111,633	$838K	0.4%	$7.51	$4.20	—	COM	48661E108
—	PIMCO DYNAMIC INCOME OPRNTS	57,735	$800K	0.4%	$13.86	$13.86	—	SHSCOM BEN	69355M107
FSK	FS KKR CAP CORP	37,520	$728K	0.4%	$19.40 *	$9.69	+26.2%	COM	302635206
—	MFA FINL INC	767,000	$694K	0.4%	$0.90	$0.89	—	NOTE 6.250% 6/1	55272XAA0
AGRO	ADECOAGRO S A	75,482	$638K	0.3%	$8.45 *	$9.67	0.0%	COM	L00849106
PFSI	PENNYMAC FINL SVCS INC NEW	10,634	$465K	0.2%	$43.73 *	$57.48	-21.6%	COM	70932M107
—	PENNYMAC CORP	500,000	$434K	0.2%	$0.87	$0.95	—	NOTE 5.500% 3/1	70932AAF0
—	WESTERN ASSET MORTGAGE CAPIT	500,000	$413K	0.2%	$0.83	$0.94	—	NOTE 6.750% 9/1	95790DAD7
—	BLACKROCK ENHANCED INTL DIV	69,376	$351K	0.2%	$5.06	$5.06	—	COM BENE INTER	092524107
—	CUSHING NEXTGEN INFRA INCM F	9,202	$342K	0.2%	$37.17	$37.17	—	COM	231647207
MPV	BARINGS PARTN INVS	27,386	$335K	0.2%	$12.23	$12.23	—	SH BEN INT	06761A103
XNDPX	TORTOISE ENERGY INDEPENDENC	12,295	$334K	0.2%	$27.17	$11.57	—	COM	89148K200
XBFZX	BLACKROCK CALIF MUN INCOME T	29,133	$330K	0.2%	$11.33	$12.16	—	SH BEN INT	09248E102
—	ESM ACQUISITION CORPORATION	30,000	$295K	0.2%	$9.83	$9.90	—	UNIT 99/99/9999	G3195H120
TIPT	TIPTREE INC	27,300	$290K	0.1%	$10.62 *	$11.24	0.0%	COM	88822Q103
XPHDX	PIONEER FLOATING RATE FUND I	29,946	$266K	0.1%	$8.88	$8.88	—	COM	72369J102
—	COHEN & STEERS LTD DURATION	12,300	$243K	0.1%	$19.76	$19.76	—	COM	19248C105
—	NUVEEN EMERGING MKTS DEBT 20	35,462	$237K	0.1%	$6.68	$6.87	—	COM	67077P101
—	PINE TECHNOLOGY ACQUISITN CO	24,028	$235K	0.1%	$9.78	$9.99	—	UNIT 03/31/2028	722850203
XEVMX	EATON VANCE CALIF MUN BD FD	25,361	$235K	0.1%	$9.27	$9.27	—	COM	27828A100
—	TWO HARBORS INVENTMENT CORPO	250,000	$227K	0.1%	$0.91	$0.98	—	NOTE 6.250% 1/1	90187BAB7
—	FIRST TR	15,169	$220K	0.1%	$14.50	$14.50	—	COMHIGH YIELD OPPRT 20	33741Q107
C	CITIGROUP INC	4,500	$207K	0.1%	$46.00 *	$42.37	+3.3%	COM NEW	172967424
—	MEXICO EQUITY & INCOME FD	25,553	$205K	0.1%	$8.02	$9.12	—	COM	592834105
—	BLACKROCK ENHANCED GLOBAL DI	20,801	$203K	0.1%	$9.76	$9.76	—	COM	092501105
—	BLACKROCK CAP ALLOCATION TR	12,817	$188K	0.1%	$14.67	$14.67	—	COM	09260U109
—	STERLING BANCORP INC	31,847	$181K	0.1%	$5.68	$3.96	—	COM	85917W102
—	WESTERN ASSET INTER MUNI FD	21,600	$174K	0.1%	$8.06	$8.06	—	COM	958435109
NMIH	NMI HLDGS INC	10,000	$167K	0.1%	$16.70 *	$18.17	0.0%	CL A	629209305
—	COHEN & STEERS REAL ESTATE O	9,922	$160K	0.1%	$16.13	$16.13	—	SHS BENFIN INT	19249Q103
IVR	INVESCO MORTGAGE CAPITAL INC	10,202	$150K	0.1%	$14.70	$14.70	—	COM ADDED	46131B704
—	PIMCO ACCESS INCOME FUND	9,357	$148K	0.1%	$15.82	$18.27	—	SHS BENFIN INT	72203T100
VEL	VELOCITY FINL INC	12,120	$133K	0.1%	$10.97 *	$5.46	+94.3%	COM	92262D101
GBLI	GLOBAL INDEMNITY GROUP LLC	4,922	$127K	0.1%	$25.80 *	$22.28	+1.3%	COM CL A	37959R103
—	INTERPRIVATE II ACQUISITION	12,300	$120K	0.1%	$9.76	$9.84	—	UNIT 99/99/9999	46064Q207
MCI	BARINGS CORPORATE INVS	8,617	$115K	0.1%	$13.35	$13.35	—	COM	06759X107
—	BLACKROCK CR ALLOCATION INCO	10,386	$113K	0.1%	$10.88	$10.88	—	COM	092508100
—	TAIWAN FD INC	4,280	$108K	0.1%	$25.23	$25.23	—	COM	874036106
—	WESTERN ASSET DIVERSIFIED IN	7,561	$105K	0.1%	$13.89	$13.89	—	SHS BEN INTCOM	95790K109
—	WHEELER REAL ESTATE INVT TR	5,545	$73,000	0.0%	$13.17	$14.43	—	PFD CNV SER D	963025606
—	INTERPRIVATE IV INFRATECH PR	6,000	$59,000	0.0%	$9.83	$9.83	—	UNIT 03/05/2026	46064T201
—	NEUBERGER BRMAN CLIFRN MUNI	5,000	$56,000	0.0%	$11.20	$11.20	—	COM	64123C101
—	INVESCO PA VALUE MUN INC TR	5,100	$53,000	0.0%	$10.39	$10.39	—	COM	46132K109
XNBOX	NEUBERGER BERMAN N Y MUN FD	5,349	$53,000	0.0%	$9.91	$9.91	—	COM	64124K102
—	PRIVETERRA ACQUISITION CORP	5,000	$49,000	0.0%	$9.80	$9.80	—	UNIT 99/99/9999	74275N201
BBDC	BARINGS BDC INC	4,559	$42,000	0.0%	$9.21 *	$4.98	+34.0%	COM	06759L103
—	DESTRA MULTI-ALTERNATIVE FD	5,975	$41,000	0.0%	$6.86	$6.86	—	COMMON SHARES	25065A502
—	EUROPEAN EQUITY FD INC	5,200	$38,000	0.0%	$7.31	$7.31	—	COM	298768102
—	MFS MUN INCOME TR	6,383	$35,000	0.0%	$5.48	$5.48	—	SH BEN INT	552738106
—	KISMET ACQUISITION THREE COR	3,200	$31,000	0.0%	$9.69	$9.69	—	UNIT 99/99/9999	G5276C128
—	ORION ACQUISITION CORP	3,000	$30,000	0.0%	$10.00	$9.67	—	UNIT 02/19/2026	68626A207
—	WESTERN ASSET EMERGING MKTS	3,239	$28,000	0.0%	$8.64	$10.73	—	COM	95766A101
SPPP	SPROTT PHYSICAL PLAT PALLAD	2,050	$27,000	0.0%	$13.17	$13.17	—	UNIT	85207Q104
—	FUSION ACQUISITION CORP II	2,500	$25,000	0.0%	$10.00	$10.00	—	UNIT 02/29/2028	36118N201
—	PAVMED INC	44,196	$22,000	0.0%	$0.50	$0.81	—	*W EXP 04/30/202	70387R122
—	MFS INVT GRADE MUN TR	1,800	$14,000	0.0%	$7.78	$7.78	—	SH BEN INT	59318B108
—	COVA ACQUISITION CORP	1,178	$12,000	0.0%	$10.19	$10.19	—	UNIT 04/01/2021	G2554Y112
—	KISMET ACQUISITION TWO CORP	1,000	$10,000	0.0%	$10.00	$10.00	—	UNIT 99/99/9999	G52807123
—	SVF INVESTMENT CORP 2	1,000	$10,000	0.0%	$10.00	$10.00	—	CL A SHS	G8601M100
—	FREEDOM ACQUISITION I CORP	1,000	$10,000	0.0%	$10.00	$10.00	—	UNIT 99/99/9999	G3663X102
—	WHEELER REAL ESTATE INVT TR	1,483	$7,000	0.0%	$4.72	$4.72	—	CV PFD SER B	963025309
—	DELAWARE IVY HIGH INCOME OPP	700	$7,000	0.0%	$10.00	$10.00	—	COM	246107106
—	NUVEEN MORTGAGE AND INCOME F	333	$6,000	0.0%	$18.02	$18.02	—	COM	670735109
XTTPX	TORTOISE PIPELINE & ENERGY F	200	$5,000	0.0%	$25.00	$11.93	—	COM	89148H207
GLRE	GREENLIGHT CAPITAL RE LTD	711	$5,000	0.0%	$7.03 *	$7.34	0.0%	CLASS A	G4095J109
—	ESM ACQUISITION CORPORATION	30,000	$5,000	0.0%	$0.17	$0.40	—	*W EXP 02/02/202	G3195H112
—	SCULPTOR CAP MGMT	573	$5,000	0.0%	$8.73	$13.96	—	COM CL A	811246107
—	JAPAN SMALLER CAPITALIZATION	480	$3,000	0.0%	$6.25	$6.25	—	COM	47109U104
CUK	CARNIVAL PLC	418	$3,000	0.0%	$7.18	$7.18	—	ADR	14365C103
—	ATLAS CREST INVESTMENT CORP	239	$2,000	0.0%	$8.37	$8.37	—	UNIT 99/99/9999	049287204
—	REDBOX ENTERTAINMENT INC	2,000	$1,000	0.0%	$0.50	$0.50	—	*W EXP 12/15/202	75724T111
—	NUVEEN MUNICIPAL CREDIT INC	103	$1,000	0.0%	$9.71	$9.71	—	COM SH BEN INT	67070X101
—	JACK CREEK INVESTMENT CORP	50	$0	0.0%	$0.00	—	—	UNIT 10/01/2023	G4989X107
—	VIRTUS GLOBAL DIVID & INCOME	10	$0	0.0%	$0.00	—	—	COM	92835W107