Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	EATON VANCE RISK-MANAGED DIV	4,982,926	$54.31M	11.9%	$10.90	$10.68	—	COM	27829G106
—	LIBERTY ALL STAR EQUITY FUND	8,977,993	$46.69M	10.2%	$5.20	$5.85	—	SH BEN INT	530158104
—	ZWEIG TOTAL RETURN FUND INC	2,070,049	$26.62M	5.8%	$12.86	$12.62	—	COM	989837208
—	GENERAL AMERN INVESTORS	634,913	$20.28M	4.4%	$31.94	$31.55	—	COM	368802104
—	IMPERIAL HOLDINGS INC	2,428,493	$16.64M	3.6%	$6.85	$2.90	—	COM	452834104
SVVC	FIRSTHAND TECHNOLOGY VALUE	833,882	$16.56M	3.6%	$19.86 *	$17.48	+9.7%	COM	33766Y100
—	AMERICAN STRATEGIC INC III ⚠	2,252,675	$15.84M	3.5%	$7.03	$6.93	—	COM	03009T101
—	THAI CAPITAL FUND INC	1,255,190	$14.67M	3.2%	$11.69	$11.57	—	COM	882905201
—	THAI FUND INC	677,366	$14.63M	3.2%	$21.60	$16.97	—	COM	882904105
—	SWISS HELVETIA FUND	1,111,606	$13.7M	3.0%	$12.32	$11.96	—	COM	870875101
—	MVC CAPITAL INC	1,086,321	$13.68M	3.0%	$12.59	$12.57	—	COM	553829102
—	HF2 FINANCIAL MANAGEMENT INC	1,350,000	$13.65M	3.0%	$10.11	$10.11	—	COM	40421A104
—	SPDR S&P 500 ET	83,200	$13.35M	2.9%	$160.42	—	—	PUT	78462F953
—	GYRODYNE CO OF AMERICA INC	136,555	$9.764M	2.1%	$71.50	$47.81	—	COM	403820103
—	AQUASITION CORP	875,590	$8.651M	1.9%	$9.88	$9.88	—	COM	Y0192H103
—	ALPINE TOTAL DYNAMIC DIVIDEN	2,175,297	$8.505M	1.9%	$3.91	$3.91	—	COM	021060108
—	JAVELIN MTG INVT CORP	596,186	$8.4M	1.8%	$14.09	$16.44	—	COM	47200B104
—	ADAMS EXPRESS CO	691,138	$8.266M	1.8%	$11.96	$11.96	—	COM	006212104
LEN/B	LENNAR CORP - B SHS	280,044	$7.939M	1.7%	$28.35 *	$26.09	-1.9%	CL B	526057302
GAIN	GLADSTONE INVESTMENT CORP	964,717	$7.091M	1.5%	$7.35 *	$4.21	-52.0%	COM	376546107
—	TRI CONTL CORP	391,619	$7.01M	1.5%	$17.90	$11.56	—	COM	895436103
—	CLOUGH GLOBAL EQUITY FUND	475,364	$6.883M	1.5%	$14.48	$13.29	—	COM	18914C100
—	BOULDER GROWTH & INCOME FUND	820,326	$6.103M	1.3%	$7.44	$6.33	—	COM	101507101
—	COLLABRIUM JAPAN ACQUISITION	600,000	$6.06M	1.3%	$10.10	$10.10	—	UNIT	G2266G128
—	AMER STRAT INCOME PORT INC II	656,152	$5.387M	1.2%	$8.21	$8.21	—	COM	030099105
—	INDIA FUND INC	276,169	$5.294M	1.2%	$19.17	$21.12	—	COM	454089103
—	BGS ACQUISITION CORP	525,300	$5.264M	1.2%	$10.02	$10.02	—	UNIT	G1082J100
—	ROYCE MICRO-CAP TR INC	476,102	$5.147M	1.1%	$10.81	$8.13	—	COM	780915104
—	CAPITOL ACQUISITION CORP II	500	$5.05M	1.1%	$10100.00	$10100.00	—	UNIT	14056V204
—	ROYCE VALUE TR INC	297,476	$4.51M	1.0%	$15.16	$11.48	—	COM	780910105
—	CIS AQUISITION LTD	435,000	$4.354M	1.0%	$10.01	$10.01	—	COM	G21490209
—	BOULDER TOTAL RETURN FD INC	202,746	$4.292M	0.9%	$21.17	$14.75	—	COM	101541100
—	ANDINA ACQUISITION CORP	410,000	$4.079M	0.9%	$9.95	$10.66	—	COM	G0440W100
—	CHART ACQUISITION CORP	385,000	$3.673M	0.8%	$9.54	$9.54	—	COM	161151105
—	CENTRAL EUROPE RUSS & TURK FD INC	163,518	$3.449M	0.8%	$21.09	$28.88	—	COM	153436100
—	CENTRAL SECS CORP	163,518	$3.396M	0.7%	$20.77	$20.12	—	COM	155123102
—	BLACKROCK BUILD AMERICA BOND TRUST	157,727	$3.186M	0.7%	$20.20	$20.20	—	SHS	09248X100
—	NATIONAL BK GREECE S A ADR	255,508	$3.069M	0.7%	$12.01	$12.01	—	ADR PRF SER 1	633643507
—	SUPERVALU INC	479,000	$2.979M	0.7%	$6.22	$5.04	—	COM	868536103
—	BANCROFT FUND LTD	140,019	$2.427M	0.5%	$17.33	$17.33	—	COM	059695106
—	ABERDEEN ISRAEL FUND	165,400	$2.423M	0.5%	$14.65	$13.95	—	COM	00301L109
—	HYDE PARK ACQUISITION CORP II	220,000	$2.246M	0.5%	$10.21	$10.05	—	COM	448640102
—	iSHARES MSCI EM	52,200	$2.01M	0.4%	$38.51	—	—	PUT	464287954
—	BLUE WOLF MONGOLIA HOLDINGS CP	193,900	$1.933M	0.4%	$9.97	$9.21	—	SHS	G11962100
—	NEUBERGER BERMAN REAL ESTATE	393,591	$1.897M	0.4%	$4.82	$3.21	—	COM	64190A103
—	ELLSWORTH FUND LTD	232,807	$1.783M	0.4%	$7.66	$7.09	—	COM	289074106
—	MACQUARIE GLOBAL INFR TOT RT	71,833	$1.467M	0.3%	$20.42	$17.36	—	COM	55608D101
—	NEW GERMANY FD INC	68,657	$1.208M	0.3%	$17.59	$16.99	—	COM	644465106
—	INFINITY CROSS BORDER ACQUISIT	142,699	$1.119M	0.2%	$7.84	$7.90	—	COM	G4772R101
—	NEW IRELAND FUND INC	106,428	$1.107M	0.2%	$10.40	$8.06	—	COM	645673104
EQS	EQUUS TOTAL RETURN INC	558,754	$1.067M	0.2%	$1.91 *	$2.28	-8.8%	COM	294766100
—	ZWEIG FUND INC	82,632	$1.059M	0.2%	$12.82	$12.87	—	COM	989834205
—	GABELLI GLOBAL UTILITY & INCOME TRUST	53,998	$1.017M	0.2%	$18.83	$18.83	—	COM	36242L105
—	DIVIDEND & INCOME FUND	61,438	$982K	0.2%	$15.98	$13.56	—	COM	25538A204
—	BOX SHIPS INCORPORATED	199,000	$756K	0.2%	$3.80	$4.65	—	SHS	Y09675102
—	ROBERTS REALTY INVESTORS INC	683,087	$731K	0.2%	$1.07	$1.43	—	COM	769900101
—	US GEOTHERMAL INC	2,000,000	$700K	0.2%	$0.35	$0.36	—	COM	90338S102
—	GABELLI HLTHCARE & WELLNESS	47,649	$447K	0.1%	$9.38	$8.56	—	SHS	36246K103
—	AQUASITION CORP	39,932	$412K	0.1%	$10.32	$10.03	—	UNIT	Y0192H129
—	EUROPEAN EQUITY FUND INC	53,962	$386K	0.1%	$7.15	$7.10	—	COM	298768102
—	CHAMBERS STR PPTYS	32,008	$320K	0.1%	$10.00	$10.00	—	COM	157842105
—	INVESCO DYNAMIC CREDIT OPPO	19,203	$251K	0.1%	$13.07	$13.49	—	COM	46132R104
—	VIRTUS TOTAL RETURN FD	59,636	$231K	0.1%	$3.87	$3.81	—	COM	92829A103
—	BROOKFIELD PROPERTY PARTNERS	10,000	$203K	0.0%	$20.30	$20.30	—	UNIT	G16249107
—	FEDERATED ENHANCE TREASURY	11,925	$155K	0.0%	$13.00	$13.00	—	COM	314162108
—	RESOURCES CAPITAL CORP.	25,000	$154K	0.0%	$6.16	$6.16	—	COM	76120W302
—	AMERICAN STRATEGIC INCOME ⚠	21,285	$150K	0.0%	$7.05	$6.93	—	—	03009T101
—	PROMOTORA DE INFO-B-ADR	128,484	$148K	0.0%	$1.15	$9.54	—	ADR CL BCONV	74343G303
—	SANDRIDGE ENERGY INC	25,000	$119K	0.0%	$4.76	$6.36	—	COM	80007P307
—	SANDRIDGE ENERGY	25,000	$119K	0.0%	$4.76	—	—	PUT	80007P957
—	TICC CAPITAL CORP	11,000	$106K	0.0%	$9.64	$9.91	—	COM	87244T109
—	PROMOTORA DE INFORMA-ADR	56,637	$57,000	0.0%	$1.01	$4.49	—	ADR CL A SHS	74343G204
—	UNIVERSAL BUSINESS PAYMENT SOL	19,092	$41,000	0.0%	$2.15	$5.82	—	COM	913384103