Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	NATIONAL PENN BANCSHARES INC	6,500,000	$69.16M	17.2%	$10.64	—	COM	637138108
—	NEXTERA ENERGY INC	650,000	$39.59M	9.8%	$60.90	—	UNIT 09/01/2016	65339F861
—	VECTOR GROUP LTD	13,200,000	$19.72M	4.9%	$1.50	—	FRNT 1/1	92240MAY4
AGN 5.5 03/01/18 A	ALLERGAN PLC	18,000	$16.55M	4.1%	$919.17	—	PFD CONV SER A	G0177J116
—	QUINPARIO ACQUISITION CORP 2	1,569,800	$15.35M	3.8%	$9.70	—	COM	74874U101
—	DOUBLE EAGLE ACQUISITION COR	1,496,233	$14.54M	3.6%	$9.58	—	COM	G28195124
—	AR CAP ACQUISITION CORP	1,389,890	$13.69M	3.4%	$9.74	—	COM	00191R109
—	T MOBILE US INC	200,000	$13.24M	3.3%	$66.20	—	CONV PFD SER A	872590203
—	TERRAPIN 3 ACQUISITION CORP	1,330,000	$13.17M	3.3%	$9.86	—	COM CL A	88104P104
—	ALLIANCEBERNSTEIN INCOME FUN	1,573,880	$12.36M	3.1%	$7.84	—	COM	01881E101
—	WESCO INTL INC	6,000,000	$11.55M	2.9%	$1.49	—	DBCV 6.000% 9/1	95082PAH8
—	BOULEVARD ACQUISITION	1,117,301	$10.89M	2.7%	$9.85	—	CL A	10157Q102
—	ELECTRUM SPL ACQUISITION COR	1,002,495	$9.674M	2.4%	$9.65	—	SHS	G3105C104
—	ATLANTIC ALLIANCE PARTNER CO	825,100	$8.606M	2.1%	$10.31	—	SHS	G04897107
—	GP INVTS ACQUISITION COR	841,600	$8.037M	2.0%	$9.56	—	SHS	G40357124
—	KLR ENERGY ACQUISITION CORP	799,000	$8.014M	2.0%	$10.03	—	UNIT 12/31/2020	49877M207
—	NUVEEN LG/SHT COMMODITY TOTR	517,731	$7.797M	1.9%	$16.50	—	COM UT BEN INT	670731108
—	FIDELITY NATIONAL FINANCIAL	4,065,000	$7.621M	1.9%	$1.87	—	NOTE 4.250% 8/1	31620RAE5
—	CROWN CASTLE INTL CORP NEW	60,000	$6.432M	1.6%	$107.20	—	CNV PFD STK SR A	22822V200
—	NORTH AMERN ENERGY PARTNERS	3,074,758	$6.335M	1.6%	$2.14	—	COM	656844107
—	HENNESSY CAP ACQUISITION COR	616,600	$5.969M	1.5%	$9.64	—	COM	42588J100
—	RAMCO-GERSHENSON PPTYS TR	90,000	$5.876M	1.5%	$66.45	—	PERP PFD-D CV	751452608
—	AROWANA INC	572,500	$5.696M	1.4%	$9.83	—	SHS	G05011104
—	NUVEEN DIV ADVANTAGE MUN FD	333,104	$4.947M	1.2%	$14.39	—	COM	67070F100
—	C B PHARMA ACQUISITION CORP	423,246	$4.275M	1.1%	$9.87	—	SHS	G2029P126
—	AMSURG CORP	30,000	$4.275M	1.1%	$142.50	—	PFD CNV SR A-1 %	03232P504
—	GORES HLDGS INC	385,000	$3.754M	0.9%	$9.75	—	CL A	382866101
—	WL ROSS HLDG CORP	359,023	$3.601M	0.9%	$10.03	—	COM SHS	92939D104
—	LMP REAL ESTATE INCOME FD IN	239,803	$3.276M	0.8%	$13.66	—	COM	50208C108
—	BB&T CORP	94,152	$3.132M	0.8%	$33.27	—	COM	054937107
—	E COMPASS ACQUISITION CORP	300,000	$3M	0.7%	$9.95	—	ORD SHS	G2920Y101
I 5.75 05/01/16 A	INTELSAT S A	375,550	$2.788M	0.7%	$7.42	—	MAN CONV JR PFD	L5140P119
—	NUVEEN DIVERSIFIED COMMODTY	309,821	$2.761M	0.7%	$10.28	—	COM UT BEN INT	67074P104
—	HARMONY MERGER CORP	265,000	$2.624M	0.7%	$9.82	—	COM	413247107
IBB	ISHARES TR	10,000	$2.608M	0.6%	$260.80	—	NASDQ BIOTEC ETF	464287556
—	BARINGTON HILCO ACQUISITION	257,000	$2.552M	0.6%	$9.55	—	COM	06759V101
—	1347 CAP CORP	250,000	$2.485M	0.6%	$9.56	—	COM	68245V103
—	STRATEGIC GLOBAL INCOME FD	241,890	$2.155M	0.5%	$8.83	—	COM	862719101
—	NUVEEN QUALITY PFD INC FD 3	240,487	$2.061M	0.5%	$8.56	—	COM	67072W101
—	ABENGOA YIELD PLC	109,836	$1.953M	0.5%	$19.29	—	ORD SHS	G00349103
—	MANAGED HIGH YIELD PLUS FD I	1,096,786	$1.952M	0.5%	$1.78	—	COM	561911108
—	PACIFIC SPL ACQUISITION CORP	175,000	$1.75M	0.4%	$9.85	—	SHS	G68588105
—	ALERE INC	4,304	$1.7M	0.4%	$394.98	—	PERP PFD CONV SE	01449J204
—	ALLERGAN PLC	6,000	$1.608M	0.4%	—	—	Put	G0177J108
—	DT ASIA INVTS LTD	150,000	$1.522M	0.4%	$9.91	—	SHS	G2615J104
—	ANDINA ACQUISITION CORP II	150,000	$1.455M	0.4%	$9.50	—	SHS	G0441P104
AR	ANTERO RES CORP	50,000	$1.244M	0.3%	$24.03	0.0%	COM	03674X106
—	NUVEEN SELECT QUALITY MUN FD	84,888	$1.244M	0.3%	$14.65	—	COM	670973106
—	ENERGEN CORP	30,000	$1.098M	0.3%	$36.60	—	COM	29265N108
—	GLOBAL HIGH INCOME FUND INC	110,459	$960K	0.2%	$8.50	—	COM	37933G108
—	ZAIS FINL CORP	60,685	$905K	0.2%	$15.00	—	COM	98886K108
SA	SEABRIDGE GOLD INC	60,149	$657K	0.2%	$8.98	-2.8%	COM	811916105
—	NUVEEN QUALITY PFD INCOME FD	78,684	$655K	0.2%	$8.32	—	COM	67071S101
—	NUVEEN MUN ADVANTAGE FD INC	41,837	$600K	0.1%	$14.10	—	COM	67062H106
—	HYDRA INDS ACQUISITION CORP	56,716	$561K	0.1%	$9.72	—	COM	448740100
—	EASTERLY ACQUISITION CORP	50,000	$485K	0.1%	$9.90	—	COM	27616L102
—	NUVEEN DIVID ADVANTAGE MUN I	30,659	$465K	0.1%	$15.17	—	COM	67071L106
—	NUVEEN CORE EQUITY ALPHA FUN	31,574	$430K	0.1%	$13.77	—	COM	67090X107
—	NUVEEN PREM INCOME MUN FD	27,800	$405K	0.1%	$14.57	—	COM	67062T100
—	PRIMERO MNG CORP	152,528	$277K	0.1%	$2.26	—	COM	74164W106
—	NUVEEN PREMIER MUN INCOME FD	11,188	$158K	0.0%	$14.12	—	COM	670988104
—	PACE HLDGS CORP	11,250	$106K	0.0%	$9.42	—	CL A	G6865N103
—	E COMPASS ACQUISITION CORP	300,000	$72,000	0.0%	$0.15	—	RIGHT 02/18/2017	G2920Y119
—	INTELSAT S A	15,255	$38,000	0.0%	$2.49	—	COM	L5140P101
—	SUNEDISON INC	60,908	$33,000	0.0%	$0.54	—	COM	86732Y109
—	ANDINA ACQUISITION CORP II	79,100	$20,000	0.0%	$0.30	—	RIGHT 09/01/2017	G0441P120
—	COMMUNITY HEALTH SYS INC NEW	3,000,000	$18,000	0.0%	$0.06	—	RIGHT 99/99/9999	203668116
—	PACIFIC SPL ACQUISITION CORP	119,000	$16,000	0.0%	$0.20	—	RIGHT 03/15/2017	G68588113
—	EASTERLY ACQUISITION CORP	25,000	$10,000	0.0%	$0.36	—	*W EXP 07/29/202	27616L110