Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PHYS	SPROTT PHYSICAL GOLD TRUST	6,357,189	$63.32M	23.1%	$9.96	$9.99	—	UNIT	85207H104
—	OMNICARE CAP TR II	402,060	$29.84M	10.9%	$74.22	$63.29	—	PFD B TR 4.00%	68214Q200
—	L-3 COMMUNICATIONS CORP	16,000,000	$19.1M	7.0%	$1.19	$1.19	—	DEBT 3.000% 8/0	502413AW7
—	ALLIANT TECHSYSTEMS INC	11,500,000	$18.37M	6.7%	$1.60	$1.60	—	NOTE 3.000% 8/1	018804AK0
EWY	ISHARES	275,000	$17.78M	6.5%	$64.67	$57.96	—	MSCI STH KOR ETF	464286772
—	HF2 FINL MGMT INC	1,200,000	$12.22M	4.5%	$10.18	$10.11	—	CL A	40421A104
SA	SEABRIDGE GOLD INC	1,200,000	$8.676M	3.2%	$7.23 *	$8.40	0.0%	COM	811916105
—	THAI FD INC	369,363	$6.704M	2.4%	$18.15	$18.15	—	COM	882904105
—	PRETIUM RES INC	990,100	$5.108M	1.9%	$5.16	$6.78	—	COM	74139C102
—	QUARTET MERGER CORP	500,000	$5.005M	1.8%	$10.01	$10.01	—	UNIT 99/99/9999T	747717304
SPPP	SPROTT PHYSICAL PLAT PALLAD	553,404	$4.804M	1.8%	$8.68	$8.56	—	UNIT	85207Q104
XXCHNXX	CHINA FD INC	229,134	$4.768M	1.7%	$20.81	$20.81	—	COM	169373107
KODK	EASTMAN KODAK CO	132,500	$4.599M	1.7%	$34.71 *	$26.90	0.0%	COM NEW	277461406
—	DOUBLELINE INCOME SOLUTIONS	207,858	$4.384M	1.6%	$21.09	$21.09	—	COM	258622109
—	ABERDEEN EMERGING MKTS SMALL	240,070	$3.311M	1.2%	$13.79	$13.79	—	COM	00301T102
DAL	DELTA AIR LINES INC DEL	107,579	$2.955M	1.1%	$27.47 *	$23.32	0.0%	COM NEW	247361702
IYT	ISHARES	20,800	$2.744M	1.0%	$131.92	$131.92	—	TRANS AVG ETF	464287192
—	BLACKROCK MUN TARGET TERM TR	157,669	$2.699M	1.0%	$17.12	$17.12	—	COM SHS BEN IN	09257P105
—	MERGEWORTHRX CORP	325,000	$2.642M	1.0%	$8.13	$8.13	—	COM	58952R106
—	INFINITY CROSS BORDER ACQUIS	320,000	$2.544M	0.9%	$7.95	$7.87	—	SHS	G4772R101
—	GAMCO GLOBAL GOLD NAT RES &	224,688	$2.027M	0.7%	$9.02	$9.02	—	COM SH BEN INT	36465A109
—	GENCORP INC	1,000,000	$1.986M	0.7%	$1.99	$1.99	—	SDCV 4.062%12/3	368682AN0
—	CREDIT SUISSE AG NASSAU BRH	259,936	$1.95M	0.7%	$7.50	$9.89	—	EXCHTRADE SHTERM	22539T613
—	TURKISH INVT FD INC	132,719	$1.947M	0.7%	$14.67	$14.67	—	COM	900145103
—	NUVEEN CA DIVIDEND ADV MUN F	137,068	$1.761M	0.6%	$12.85	$12.85	—	COM	67066Y105
—	ROYCE VALUE TR INC	98,228	$1.572M	0.6%	$16.00	$16.00	—	COM	780910105
SPY	SPDR S&P 500 ETF TR	8,500	$1.57M	0.6%	$184.71	$184.71	—	TR UNIT	78462F103
—	CLEARBRIDGE AMERN ENERG MLP	82,773	$1.477M	0.5%	$17.84	$18.16	—	COM	184691103
UAL	UNITED CONTL HLDGS INC	35,003	$1.324M	0.5%	$37.83 *	$35.03	0.0%	COM	910047109
—	COHEN & STEERS QUALITY RLTY	131,778	$1.249M	0.5%	$9.48	$9.48	—	COM	19247L106
—	NEW GERMANY FD INC	62,407	$1.244M	0.5%	$19.93	$19.93	—	COM	644465106
—	ABERDEEN GTR CHINA FD INC	119,163	$1.211M	0.4%	$10.16	$10.16	—	COM	003031101
—	INDIA FD INC	59,654	$1.193M	0.4%	$20.00	$20.00	—	COM	454089103
—	TURQUOISE HILL RES LTD	1,250,000	$1.177M	0.4%	$0.94	$0.94	—	RIGHT 01/07/2014	900435116
—	QUINPARIO ACQUISITION CORP	98,400	$994K	0.4%	$10.10	$10.10	—	COM	74874R108
—	NORTH AMERN PALLADIUM LTD	1,500,000	$987K	0.4%	$0.66	$0.98	—	COM	656912102
—	WESTERN ASSET EMRG MKT DEBT	55,012	$946K	0.3%	$17.20	$17.20	—	COM	95766A101
—	KOREA EQUITY FD INC	106,384	$885K	0.3%	$8.32	$8.32	—	COM	50063B104
—	BROOKFIELD MTG OPP INC FD IN	53,004	$878K	0.3%	$16.56	$16.56	—	COM	112792106
—	NUVEEN INTER DURATION MN TMF	73,535	$846K	0.3%	$11.50	$11.50	—	COM	670671106
—	CENTER COAST MLP & INFRSTR F	44,608	$817K	0.3%	$18.32	$18.32	—	COM SHS	151461100
—	EUNITS 2 YR US EQTY MKT PTNT	67,398	$789K	0.3%	$11.71	$10.98	—	UNIT	29841R102
—	FLAHERTY&CRMN PFD SEC INCOM	40,311	$705K	0.3%	$17.49	$17.49	—	COM	338478100
—	NUVEEN MUN VALUE FD INC	75,663	$684K	0.2%	$9.04	$9.04	—	COM	670928100
—	STONE HBR EMERG MRKTS INC FD	36,268	$664K	0.2%	$18.31	$18.31	—	COM	86164T107
—	KAYNE ANDERSON ENRGY TTL RT	22,750	$622K	0.2%	$27.34	$27.34	—	COM	48660P104
—	WESTERN ASSET EMRG MKT INCM	51,708	$612K	0.2%	$11.84	$11.84	—	COM	95766E103
—	CENTRAL EUR RUSS & TURK FD I	19,805	$605K	0.2%	$30.55	$30.55	—	COM	153436100
LUV	SOUTHWEST AIRLS CO	30,094	$567K	0.2%	$18.84 *	$15.26	0.0%	COM	844741108
—	TEMPLETON EMERG MKTS INCOME	41,501	$566K	0.2%	$13.64	$13.64	—	COM	880192109
—	ARES MULTI STRATEGY CR FD IN	25,600	$542K	0.2%	$21.17	$21.17	—	COM	04014Q108
—	CLOUGH GLOBAL EQUITY FD	32,797	$515K	0.2%	$15.70	$15.70	—	COM	18914C100
—	NUVEEN FLTNG RTE INCM OPP FD	41,060	$500K	0.2%	$12.18	$12.18	—	COM SHS	6706EN100
XMYDX	BLACKROCK MUNIYIELD FD INC	38,863	$498K	0.2%	$12.81	$12.81	—	COM	09253W104
—	LIBERTY ALL-STAR GROWTH FD I	85,703	$482K	0.2%	$5.62	$5.62	—	COM	529900102
—	NUVEEN DIV ADV MUNI FD 3	38,054	$470K	0.2%	$12.35	$12.35	—	COM SH BEN INT	67070X101
—	HANCOCK JOHN PFD INCOME FD I	29,680	$463K	0.2%	$15.60	$15.60	—	COM	41021P103
—	GAMCO NAT RES GOLD & INCOME	45,828	$459K	0.2%	$10.02	$10.02	—	SH BEN INT	36465E101
—	NUVEEN MUN ADVANTAGE FD INC	37,684	$458K	0.2%	$12.15	$12.15	—	COM	67062H106
—	EUNITS 2 YR U S MKT PARTN TR	38,036	$444K	0.2%	$11.67	$11.67	—	UNIT	298411109
—	HANCOCK JOHN PFD INCOME FD	24,504	$437K	0.2%	$17.83	$17.83	—	SH BEN INT	41013W108
—	EATON VANCE SR FLTNG RTE TR	26,521	$399K	0.1%	$15.04	$15.04	—	COM	27828Q105
—	INVESCO TR INVT GRADE MUNS	32,177	$392K	0.1%	$12.18	$12.18	—	COM	46131M106
—	ING EMERGING MKTS HGH DIV EQ	32,919	$387K	0.1%	$11.76	$11.76	—	COM	45685X104
—	FIRST TR SR FLG RTE INCM FD	26,583	$385K	0.1%	$14.48	$14.48	—	COM	33733U108
—	NUVEEN CA SELECT QUALITY MUN	27,983	$385K	0.1%	$13.76	$13.76	—	COM	670975101
—	BLACKROCK MUNIHLDS INVSTM QL	30,636	$384K	0.1%	$12.53	$12.53	—	COM	09254P108
—	BLACKROCK MUNIYIELD QLTY FD	30,300	$384K	0.1%	$12.67	$12.67	—	COM	09254E103
XMVFX	BLACKROCK MUNIVEST FD INC	42,608	$380K	0.1%	$8.92	$8.92	—	COM	09253R105
XBFZX	BLACKROCK CALIF MUN INCOME T	26,782	$366K	0.1%	$13.67	$13.67	—	SH BEN INT	09248E102
—	GUGGENHEIM BLD AMR BDS MANG	18,390	$364K	0.1%	$19.79	$19.79	—	COM	401664107
—	HANCOCK JOHN PFD INCOME FD I	20,152	$361K	0.1%	$17.91	$17.91	—	COM	41013X106
—	BLACKROCK MUNIYIELD NY QLTY	29,420	$355K	0.1%	$12.07	$12.07	—	COM	09255E102
—	BLACKROCK MUNIASSETS FD INC	30,276	$350K	0.1%	$11.56	$11.56	—	COM	09254J102
—	INVESCO QUALITY MUNI INC TRS	30,305	$337K	0.1%	$11.12	$11.12	—	COM	46133G107
—	EATON VANCE TAX-ADV BD & OPT	23,629	$336K	0.1%	$14.22	$14.22	—	COM SH BEN INT	27829M103
—	NUVEEN ENHANCED MUN VALUE FD	25,880	$335K	0.1%	$12.94	$12.94	—	COM	67074M101
—	PUTNAM MUN OPPORTUNITIES TR	31,009	$333K	0.1%	$10.74	$10.74	—	SH BEN INT	746922103
—	NUVEEN SELECT QUALITY MUN FD	26,746	$332K	0.1%	$12.41	$12.41	—	COM	670973106
—	NUVEEN DIV ADVANTAGE MUN FD	24,306	$308K	0.1%	$12.67	$12.67	—	COM	67070F100
—	FIRST TR ENERGY INCOME & GRW	9,452	$305K	0.1%	$32.27	$32.27	—	COM	33738G104
—	INVESCO VALUE MUN INCOME TR	21,847	$295K	0.1%	$13.50	$13.50	—	COM	46132P108
—	AMERICAN STRATEGIC INCM PTFL	31,505	$283K	0.1%	$8.98	$8.98	—	COM	030098107
—	NUVEEN CAL AMT-FREE MUN INC	22,915	$279K	0.1%	$12.18	$12.18	—	COM	670651108
—	NUVEEN AMT-FREE MUN INCOME F	22,227	$268K	0.1%	$12.06	$12.06	—	COM	670657105
—	BLACKROCK MUNI INCOME TR II	19,664	$260K	0.1%	$13.22	$13.22	—	COM	09249N101
—	BLACKROCK MUNICIPL INC QLTY	19,971	$253K	0.1%	$12.67	$12.67	—	COM	092479104
—	NUVEEN VA PREM INCOME MUN FD	20,929	$247K	0.1%	$11.80	$11.80	—	COM	67064R102
—	NUVEEN REAL ESTATE INCOME FD	25,778	$245K	0.1%	$9.50	$9.50	—	COM	67071B108
—	DWS MULTI MKT INCOME TR	25,239	$237K	0.1%	$9.39	$9.39	—	SHS	23338L108
—	THL CR SR LN FD	12,848	$236K	0.1%	$18.37	$18.37	—	COM	87244R103
—	NUVEEN PREM INCOME MUN FD 2	18,523	$232K	0.1%	$12.52	$12.52	—	COM	67063W102
—	BLACKROCK MUNIYIELD CALIF FD	16,002	$221K	0.1%	$13.81	$13.81	—	COM	09254M105
—	BLACKROCK MUNIHLDGS NJ QLTY	16,112	$211K	0.1%	$13.10	$13.10	—	COM	09254X101
—	BLACKSTONE GSO FLTING RTE FU	11,013	$208K	0.1%	$18.89	$18.89	—	COM	09256U105
JBLU	JETBLUE AIRWAYS CORP	23,088	$197K	0.1%	$8.53 *	$7.94	0.0%	COM	477143101
—	ASIA TIGERS FD INC	17,314	$194K	0.1%	$11.20	$11.20	—	COM	04516T105
—	BLACKROCK MUNIHLDGS NY QLTY	15,443	$193K	0.1%	$12.50	$12.50	—	COM	09255C106
—	INFINITY CROSS BORDER ACQUIS	320,000	$192K	0.1%	$0.60	$0.59	—	*W EXP 07/25/201	G4772R119
—	BLACKROCK MUNIYLD MICH QLTY	14,988	$187K	0.1%	$12.48	$12.48	—	COM	09254V105
—	BLACKROCK MUNIYIELD N J FD I	13,294	$182K	0.1%	$13.69	$13.69	—	COM	09254Y109
—	MEXICO EQUITY & INCOME FD	11,531	$172K	0.1%	$14.92	$14.92	—	COM	592834105
—	NUVEEN N C PREM INCOME MUN F	14,381	$172K	0.1%	$11.96	$11.96	—	COM	67060P100
—	NUVEEN QUALITY MUN FD INC	13,181	$159K	0.1%	$12.06	$12.06	—	COM	67062N103
—	EATON VANCE MUNI INCOME TRUS	15,126	$159K	0.1%	$10.51	$10.51	—	SH BEN INT	27826U108
—	BLACKROCK MUNIHLDNGS CALI QL	11,047	$146K	0.1%	$13.22	$13.22	—	COM	09254L107
—	PIMCO MUN INCOME FD II	12,800	$136K	0.0%	$10.63	$10.63	—	COM	72200W106
—	CORNERSTONE STRATEGIC VALUE	19,902	$131K	0.0%	$6.58	$7.16	—	COM NEW	21924B203
—	DREYFUS STRATEGIC MUNS INC	15,895	$121K	0.0%	$7.61	$7.61	—	COM	261932107
—	ABERDEEN INDONESIA FD INC	13,908	$115K	0.0%	$8.27	$8.27	—	COM	00305P106
—	ABERDEEN GLOBAL INCOME FD IN	10,796	$112K	0.0%	$10.37	$10.37	—	COM	003013109
—	AMERN STRATEGIC INCOME PTFL	13,887	$107K	0.0%	$7.71	$7.71	—	COM	030099105
—	DREYFUS STRATEGIC MUN BD FD	14,278	$106K	0.0%	$7.42	$7.42	—	COM	26202F107
—	AMERICAN STRATEGIC INCOME II	13,466	$88,000	0.0%	$6.53	$6.53	—	COM	03009T101
—	CREDIT SUISSE ASSET MGMT INC	19,957	$71,000	0.0%	$3.56	$3.56	—	COM	224916106
—	QUINPARIO ACQUISITION CORP	98,400	$35,000	0.0%	$0.36	$0.36	—	*W EXP 09/27/201	74874R116