Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	STANLEY BLACK & DECKER INC	186,779	$24.97M	18.5%	$133.71	$137.91	—	UNIT 99/99/9999	854502309
—	CENTRAL GOLDTRUST	464,594	$18.44M	13.6%	$39.68	$39.68	—	TR UNIT	153546106
—	NUVEEN LG/SHT COMMODITY TOTR	623,989	$10.02M	7.4%	$16.06	$16.52	—	COM UT BEN INT	670731108
—	VECTOR GROUP LTD	5,700,000	$8.65M	6.4%	$1.52	$1.52	—	FRNT 1/1	92240MAY4
SA	SEABRIDGE GOLD INC	1,285,000	$7.491M	5.5%	$5.83 *	$8.98	-39.3%	COM	811916105
—	RAMCO-GERSHENSON PPTYS TR	110,000	$6.124M	4.5%	$55.67	$66.93	—	PERP PFD-D CV	751452608
—	NORTH AMERN ENERGY PARTNERS	2,805,583	$6.091M	4.5%	$2.17	$2.17	—	COM	656844107
—	AROWANA INC	475,000	$4.66M	3.4%	$9.81	$9.83	—	SHS	G05011104
IWM	ISHARES TR	42,400	$4.63M	3.4%	$109.20	$111.90	—	RUSSELL 2000 ETF	464287655
—	ATLANTIC ALLIANCE PARTNER CO	400,000	$4.048M	3.0%	$10.12	$10.18	—	SHS	G04897107
EWY	ISHARES	75,000	$3.658M	2.7%	$48.77	$48.77	—	MSCI STH KOR ETF	464286772
SPPP	SPROTT PHYSICAL PLAT PALLAD	486,597	$3.323M	2.5%	$6.83	$8.51	—	UNIT	85207Q104
—	E COMPASS ACQUISITION CORP	300,000	$3.042M	2.2%	$10.14	$10.14	—	UNIT 99/99/9999	G2920Y200
—	DT ASIA INVTS LTD	300,000	$2.988M	2.2%	$9.96	$9.70	—	SHS	G2615J104
—	ALLIANCEBERNSTEIN INCOME FUN	353,662	$2.78M	2.1%	$7.86	$7.86	—	COM	01881E101
—	C B PHARMA ACQUISITION CORP	268,246	$2.669M	2.0%	$9.95	$9.82	—	SHS	G2029P126
—	BARINGTON HILCO ACQUISITION	257,000	$2.529M	1.9%	$9.84	$9.55	—	COM	06759V101
—	HENNESSY CAP ACQUISITION COR	250,000	$2.465M	1.8%	$9.86	$9.86	—	UNIT 99/99/9999	42588J209
—	1347 CAP CORP	250,000	$2.455M	1.8%	$9.82	$9.56	—	COM	68245V103
—	BLACKROCK MUNIYLD MICH QLTY	184,675	$2.434M	1.8%	$13.18	$13.18	—	COM	09254V105
—	NUVEEN DIVERSIFIED COMMODTY	225,267	$2.325M	1.7%	$10.32	$11.10	—	COM UT BEN INT	67074P104
—	CAMBRIDGE CAP ACQUISITION CO	200,000	$2M	1.5%	$10.00	$9.87	—	COM	13215Q106
SPY	SPDR S&P 500 ETF TR	7,864	$1.507M	1.1%	$191.63	$191.63	—	TR UNIT	78462F103
—	TEMPLETON RUS AND EAST EUR F	82,676	$804K	0.6%	$9.72	$9.72	—	COM	88022F105
—	NUVEEN CORE EQUITY ALPHA FUN	51,775	$713K	0.5%	$13.77	$13.77	—	COM	67090X107
—	PRETIUM RES INC	114,285	$694K	0.5%	$6.07	$5.41	—	COM	74139C102
DNN	DENISON MINES CORP	1,750,000	$657K	0.5%	$0.38 *	$0.84	-40.2%	COM	248356107
—	AMBASSADORS GROUP INC	239,508	$651K	0.5%	$2.72	$2.72	—	COM	023177108
—	FEDERATED ENHANC TREAS INCM	41,746	$564K	0.4%	$13.51	$13.51	—	COM SH BEN INT	314162108
—	EASTERLY ACQUISITION CORP	50,000	$503K	0.4%	$10.06	$10.06	—	UNIT 99/99/9999	27616L201
PHYS	SPROTT PHYSICAL GOLD TRUST	53,147	$487K	0.4%	$9.16	$9.66	—	UNIT	85207H104
—	DIVIDEND & INCOME FUND	17,173	$186K	0.1%	$10.83	$10.83	—	COM NEW	25538A204
SVVC	FIRSTHAND TECH VALUE FD INC	16,192	$138K	0.1%	$8.52 *	$22.06	-51.2%	COM	33766Y100
NRTSF	NOBILIS HEALTH CORP	20,000	$104K	0.1%	$5.20 *	$6.95	-17.4%	COM	65500B103
—	1347 CAP CORP	311,860	$100K	0.1%	$0.32	$0.36	—	RIGHT 07/21/2016	68245V111
—	ADVENT CLAYMORE ENH GRW & IN	11,117	$91,000	0.1%	$8.19	$8.19	—	COM	00765E104
—	1347 CAP CORP	294,100	$88,000	0.1%	$0.30	$0.25	—	*W EXP 07/15/202	68245V129
—	DT ASIA INVTS LTD	347,200	$72,000	0.1%	$0.21	$0.24	—	RIGHT 03/30/2016	G2615J112
—	GARNERO GROUP ACQUISITION CO	192,600	$42,000	0.0%	$0.22	$0.28	—	RIGHT 06/25/2016	G5866L132
—	PENN VA CORP	54,516	$29,000	0.0%	$0.53	$0.53	—	COM	707882106
—	COMMUNITY HEALTH SYS INC NEW	3,000,000	$27,000	0.0%	$0.01	$0.06	—	RIGHT 99/99/9999	203668116
—	DT ASIA INVTS LTD	188,600	$17,000	0.0%	$0.09	$0.13	—	*W EXP 03/29/202	G2615J138
—	ENSERVCO CORP	19,075	$14,000	0.0%	$0.73	$2.46	—	COM	29358Y102