Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	SUNAMERICA FCSED ALPHA GRW F	3,096,656	$44.93M	21.4%	$14.51	$13.97	—	Com	867037103
—	SUNAMERICA FOCUSE ALPHA LC F	1,700,305	$24.26M	11.6%	$14.27	$13.74	—	Com	867038101
—	NAVIOS MARITIME ACQUIS CORP	1,947,338	$19.22M	9.2%	$9.87	$9.87	—	SHS	Y62159101
—	LIBERTY ACQUISITION HLDGS CO	1,265,930	$12.51M	6.0%	$9.88	$9.73	—	Com	53015Y107
—	LIBERTY ALL-STAR GROWTH FD I	2,897,528	$10.84M	5.2%	$3.74	$3.65	—	Com	529900102
—	GYRODYNE CO AMER INC	237,332	$9.843M	4.7%	$41.47	$41.88	—	Com	403820103
—	FIRST TR FOUR CRNRS SR FLT R	685,793	$8.839M	4.2%	$12.89	$12.31	—	COM SHS	33733Q107
—	DWS RREEF REAL ESTATE FD INC	1,688,198	$7.664M	3.7%	$4.54	$4.16	—	COM	233384106
—	DWS RREEF REAL ESTATE FD II	5,737,791	$7.516M	3.6%	$1.31	$1.14	—	Com	23338X102
—	KOREA FUND INC	184,353	$6.766M	3.2%	$36.70	$36.70	—	Com	500634209
—	NEUBERGER BERMAN REAL ESTATE	1,925,236	$6.623M	3.2%	$3.44	$3.15	—	COM	64190A103
—	COHEN & STEERS INFRASTRUCTUR	368,836	$5.492M	2.6%	$14.89	$14.89	—	Com	19248A109
—	KOREA EQUITY FD INC	538,676	$5.09M	2.4%	$9.45	$9.39	—	Com	50063B104
—	MORGAN STANLEY ASIA PAC FD I	313,936	$4.784M	2.3%	$15.24	$15.24	—	Com	61744U106
—	NORTH ASIA INVESTMENT CORP	474,924	$4.702M	2.2%	$9.90	$9.90	—	Common Stocks	G66202105
—	INVESTMENT GRADE MUN INCOME	241,437	$3.484M	1.7%	$14.43	$14.43	—	Com	461368102
—	PENWEST PHARMACEUTICALS CO	668,444	$2.306M	1.1%	$3.45	$2.59	—	Com	709754105
—	ROYCE VALUE TR INC	182,885	$2.165M	1.0%	$11.84	$11.77	—	Com	780910105
—	LMP CAP & INCOME FD INC	168,411	$1.812M	0.9%	$10.76	$10.72	—	Com	50208A102
—	ROYCE MICRO-CAP TR INC	207,469	$1.699M	0.8%	$8.19	$8.10	—	Com	780915104
—	LIBERTY ALL STAR EQUITY FD	341,164	$1.62M	0.8%	$4.75	$4.72	—	SH BEN INT	530158104
—	ELLSWORTH FUND LTD	236,283	$1.616M	0.8%	$6.84	$6.56	—	Com	289074106
—	CLAYMORE DIVID & INCOME FD	97,742	$1.371M	0.7%	$14.03	$15.65	—	COM	18385J105
—	MEXICO EQUITY AND INCOME FD	128,845	$1.2M	0.6%	$9.31	$7.65	—	Com	592834105
—	ROBERTS REALTY INVS	736,202	$949K	0.5%	$1.29	$1.30	—	Com	769900101
—	DWS RREEF WRLD REAL ESTATE FND	59,725	$945K	0.5%	$15.82	$15.82	—	COM	23339T209
—	TRI CONTL CORP	73,417	$901K	0.4%	$12.27	$12.27	—	Com	895436103
—	FORT DEARBORN INCOME SECS IN	58,774	$862K	0.4%	$14.67	$14.60	—	Com	347200107
—	BLUE CHIP VALUE FD INC	219,295	$726K	0.3%	$3.31	$3.31	—	Com	095333100
—	RIVERSOURCE LASALLE INTL R/E	87,558	$680K	0.3%	$7.77	$7.70	—	Com	76932W102
—	JOHN HANCOCK BK &THRIFT OPP	38,094	$640K	0.3%	$16.80	$15.16	—	SH BEN INT NEW	409735206
—	TAIWAN GREATER CHINA FD SH BEN	98,971	$626K	0.3%	$6.33	$6.33	—	Com	874037104
—	GLOBAL INCOME&CURRENCY FD IN	39,015	$560K	0.3%	$14.35	$14.07	—	COM	378968101
—	CKE RESTAURANTS INC	47,000	$520K	0.2%	$11.06	$11.06	—	COM	12561E105
—	GABELLI MULTIMEDIA TR INC COM	63,580	$472K	0.2%	$7.42	$7.42	—	Com	36239Q109
—	COHEN & STEERS REIT & UTIL I	29,796	$443K	0.2%	$14.87	$10.62	—	Com	19247Y108
—	EVERGREEN INTL BALANCED INCO	30,670	$429K	0.2%	$13.99	$13.99	—	Com	30024R109
—	NEW GERMANY FUND	30,769	$389K	0.2%	$12.64	$11.99	—	Com	644465106
—	ZWEIG FD	105,919	$374K	0.2%	$3.53	$3.31	—	Com	989834106
—	MVC CAPITAL INC	25,900	$351K	0.2%	$13.55	$11.87	—	Com	553829102
—	STREAM GLOBAL SVCS INC	517,426	$331K	0.2%	$0.64	$0.51	—	*W EXP 10/17/201	86323M118
—	H & Q LIFE SCIENCES INVS	29,355	$302K	0.1%	$10.29	$9.74	—	SH BEN INT	404053100
—	NEUBERGER BERMAN INCOME OPP	40,680	$299K	0.1%	$7.35	$6.28	—	COM SHS	64126L108
—	GABELLI DIVD & INCOME TR	21,572	$297K	0.1%	$13.77	$13.43	—	Com	36242H104
—	PVF CAPITAL CORP	133,028	$251K	0.1%	$1.89	$1.89	—	COM	693654105
—	FIRST TR/FOUR CRNRS SR FLOAT	18,900	$249K	0.1%	$13.17	$11.95	—	Com	33733U108
—	FIRST OPPORTUNITY FD INC	35,000	$246K	0.1%	$7.03	$7.03	—	Com	33587T108
—	DWS GLOBAL COMMODITIES STK F	28,229	$236K	0.1%	$8.36	$8.36	—	Com	23338Y100
—	CENTRAL SECS CORP	10,750	$213K	0.1%	$19.81	$19.81	—	Com	155123102
—	DWS DREMAN VAL INCOME EDGE F	14,597	$189K	0.1%	$12.95	$12.06	—	Com	23339M204
—	NUVEEN MULTI STRAT INC & GR	17,300	$140K	0.1%	$8.09	$7.52	—	Com	67073B106
LGL	LGL GROUP INC	24,774	$136K	0.1%	$5.49	$3.29	—	Com	50186A108
—	WINTHROP RLTY TR	10,263	$124K	0.1%	$12.08	$10.82	—	SH BEN INT	976391300
—	AMERITRANS CAPTL CORPORATION	94,800	$118K	0.1%	$1.24	$1.30	—	Common Stocks	03073H108
—	DCA TOTAL RETURN FD	33,300	$97,000	0.0%	$2.91	$2.52	—	Com	233066109
—	MORGAN STANLEY HIGH YIELD FD	16,270	$95,000	0.0%	$5.84	$5.58	—	Com	61744M104
—	FRANKLIN UNVL TR	13,584	$81,000	0.0%	$5.96	$5.79	—	SH BEN INT	355145103
—	DCW TOTAL RETURN FD	15,254	$75,000	0.0%	$4.92	$4.71	—	Com	23317C103
—	INDIA GLOBALIZATION CAP INC	50,000	$59,000	0.0%	$1.18	$1.38	—	COM	45408X100
—	ALLIED CAP CORP NEW	10,000	$50,000	0.0%	$5.00	$5.00	—	COM	01903Q108
—	RMR REAL ESTATE INCOME FD	1,827	$48,000	0.0%	$26.27	$21.35	—	COM SHS	74964K609
—	Put SPDR S&P 500 ET Apr10 115.00	37,100	$36,000	0.0%	$0.97	—	—	Put	OP95929
EQS	EQUUS TOTAL RETURN	10,159	$29,000	0.0%	$2.85	$2.85	—	Com	294766100
—	Put ISHARES DJ US R Apr10 48.00	16,100	$8,000	0.0%	$0.50	—	—	Put	OP96052
—	ATLAS ACQUISITION HLDGS CORP	18,000	$3,000	0.0%	$0.17	$0.22	—	*W EXP 01/23/201	049162118
—	Put CKE RESTAURANTS Jun10 10.00	40,000	$2,000	0.0%	$0.05	—	—	Put	OP94904