Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	SUNAMERICA FCSED ALPHA GRW F	3,096,656	$41.5M	20.6%	$13.40	$13.97	—	Com	867037103
—	SUNAMERICA FOCUSE ALPHA LC F	1,700,306	$21M	10.4%	$12.35	$13.74	—	Com	867038101
—	LIBERTY ALL-STAR GROWTH FD I	3,746,994	$12.78M	6.3%	$3.41	$3.60	—	Com	529900102
—	LIBERTY ACQUISITION HLDGS CO	1,265,330	$12.56M	6.2%	$9.92	$9.73	—	Com	53015Y107
—	GYRODYNE CO AMER INC	237,332	$11.15M	5.5%	$47.00	$41.88	—	Com	403820103
—	FIRST TR FOUR CRNRS SR FLT R	763,362	$9.404M	4.7%	$12.32	$12.31	—	COM SHS	33733Q107
—	INVESCO HIGH YIELD INVST FD	1,344,083	$7.728M	3.8%	$5.75	$5.75	—	Com	46133K108
—	EVERGREEN INTL BALANCED INCO	605,499	$7.641M	3.8%	$12.62	$12.69	—	Com	30024R109
—	KOREA EQUITY FD INC	803,806	$7.306M	3.6%	$9.09	$9.29	—	Com	50063B104
—	MORGAN STANLEY ASIA PAC FD I	478,260	$6.495M	3.2%	$13.58	$14.67	—	Com	61744U106
—	NEUBERGER BERMAN REAL ESTATE	1,925,236	$6.43M	3.2%	$3.34	$3.15	—	COM	64190A103
—	COHEN & STEERS INFRASTRUCTUR	398,874	$5.045M	2.5%	$12.65	$14.72	—	Com	19248A109
—	NORTH ASIA INVESTMENT CORP	474,924	$4.725M	2.3%	$9.95	$9.90	—	Common Stocks	G66202105
—	TRI CONTL CORP	278,391	$3.026M	1.5%	$10.87	$11.24	—	Com	895436103
—	DWS GLOBAL COMMODITIES STK F	360,131	$2.967M	1.5%	$8.24	$8.25	—	Com	23338Y100
—	ROYCE VALUE TR INC	277,147	$2.929M	1.5%	$10.57	$11.36	—	Com	780910105
—	LMP CAP & INCOME FD INC	274,604	$2.633M	1.3%	$9.59	$10.28	—	Com	50208A102
—	BLUE CHIP VALUE FD INC	908,740	$2.581M	1.3%	$2.84	$2.95	—	Com	095333100
—	DWS RREEF WRLD REAL ESTATE FND	171,316	$2.335M	1.2%	$13.63	$14.39	—	COM	23339T209
—	MONMOUTH REAL ESTATE INV COR	300,000	$2.217M	1.1%	$7.39	$7.39	—	CL A	609720107
—	ROYCE MICRO-CAP TR INC	289,851	$2.127M	1.1%	$7.34	$7.88	—	Com	780915104
—	H & Q HEALTHCARE INVESTORS SH	181,415	$1.985M	1.0%	$10.94	$10.94	—	SH BEN INT	404052102
—	LIBERTY ALL STAR EQUITY FD	450,442	$1.793M	0.9%	$3.98	$4.54	—	SH BEN INT	530158104
—	ELLSWORTH FUND LTD	223,512	$1.428M	0.7%	$6.39	$6.56	—	Com	289074106
—	MVC CAPITAL INC	109,200	$1.411M	0.7%	$12.92	$12.67	—	Com	553829102
—	WINN DIXIE STORES INC	134,799	$1.299M	0.6%	$9.64	$9.64	—	COM NEW	974280307
—	DWS DREMAN VAL INCOME EDGE F	94,851	$1.162M	0.6%	$12.25	$12.22	—	Com	23339M204
—	FIRST OPPORTUNITY FD INC	193,465	$1.155M	0.6%	$5.97	$6.16	—	Com	33587T108
—	ROBERTS REALTY INVS	736,202	$1.148M	0.6%	$1.56	$1.30	—	Com	769900101
—	MEXICO EQUITY AND INCOME FD	128,845	$1.139M	0.6%	$8.84	$7.65	—	Com	592834105
—	GABELLI MULTIMEDIA TR INC COM	140,504	$930K	0.5%	$6.62	$6.98	—	Com	36239Q109
—	RIVERSOURCE LASALLE INTL R/E	131,294	$916K	0.5%	$6.98	$7.46	—	Com	76932W102
—	MACQUARIE GLBL INFRA TOTL RE	69,376	$912K	0.5%	$13.15	$13.15	—	Com	55608D101
—	CLAYMORE DIVID & INCOME FD	73,817	$883K	0.4%	$11.96	$15.65	—	COM	18385J105
—	NFJ DIVID INT & PREM STRTGY FD	63,746	$880K	0.4%	$13.80	$13.80	—	COM SHS	65337H109
—	BOULDER TOTAL RETURN FD INC	64,925	$875K	0.4%	$13.48	$13.48	—	Com	101541100
—	KOREA FUND INC	20,717	$720K	0.4%	$34.75	$36.70	—	Com	500634209
—	PENWEST PHARMACEUTICALS CO	207,954	$686K	0.3%	$3.30	$2.59	—	Com	709754105
—	FORT DEARBORN INCOME SECS IN	37,724	$572K	0.3%	$15.16	$14.60	—	Com	347200107
—	GLOBAL INCOME&CURRENCY FD IN	40,939	$571K	0.3%	$13.95	$14.06	—	COM	378968101
—	BANCROFT FUND LTD	37,295	$552K	0.3%	$14.80	$14.80	—	Com	059695106
—	JOHN HANCOCK BK &THRIFT OPP	38,094	$546K	0.3%	$14.33	$15.16	—	SH BEN INT NEW	409735206
—	EAGLE ROCK ENERGY PARTNER-RT	166,264	$540K	0.3%	$3.25	$3.25	—	Rights	26985R112
—	TAIWAN GREATER CHINA FD SH BEN	95,138	$528K	0.3%	$5.55	$6.33	—	SH BEN INT	874037104
—	CKE RESTAURANTS INC	34,526	$433K	0.2%	$12.54	$11.06	—	COM	12561E105
—	BOULDER GROWTH & INCOME FD INC	77,577	$429K	0.2%	$5.53	$5.53	—	Com	101507101
—	ADAMS EXPRESS CO	42,445	$383K	0.2%	$9.02	$9.02	—	Com	006212104
—	NEW GERMANY FUND	30,769	$352K	0.2%	$11.44	$11.99	—	Com	644465106
—	H & Q LIFE SCIENCES INVS	34,355	$302K	0.1%	$8.79	$9.60	—	SH BEN INT	404053100
MYRX	MYRIAD PHARMACEUTICALS INC	75,000	$282K	0.1%	$3.76	$3.76	—	Com	62856H107
—	ZWEIG FD	91,219	$274K	0.1%	$3.00	$3.31	—	Com	989834106
—	GABELLI DIVD & INCOME TR	21,572	$259K	0.1%	$12.01	$13.43	—	Com	36242H104
—	FIRST TR/FOUR CRNRS SR FLOAT	18,900	$236K	0.1%	$12.49	$11.95	—	Com	33733U108
—	STREAM GLOBAL SVCS INC	517,426	$207K	0.1%	$0.40	$0.51	—	*W EXP 10/17/201	86323M118
—	CENTRAL SECS CORP	10,750	$197K	0.1%	$18.33	$19.81	—	Com	155123102
—	SEANERGY MARITIME HLDGS CORP	125,000	$144K	0.1%	$1.15	$1.15	—	SHS	Y73760103
—	NUVEEN MULTI STRAT INC & GR	17,300	$131K	0.1%	$7.57	$7.52	—	Com	67073B106
—	AMERITRANS CAPTL CORPORATION	94,800	$125K	0.1%	$1.32	$1.30	—	Common Stocks	03073H108
—	FRANKLIN UNVL TR	13,584	$79,000	0.0%	$5.82	$5.79	—	SH BEN INT	355145103
—	DCA TOTAL RETURN FD	27,900	$70,000	0.0%	$2.51	$2.52	—	Com	233066109
—	DCW TOTAL RETURN FD	15,254	$67,000	0.0%	$4.39	$4.71	—	Com	23317C103
—	Put GENERAL GROWTH 10/16/2010 10.00	107,000	$58,000	0.0%	$0.54	—	—	Put	370021957
—	INDIA GLOBALIZATION CAP INC	50,000	$46,000	0.0%	$0.92	$1.38	—	COM	45408X100
—	RMR REAL ESTATE INCOME FD	1,827	$45,000	0.0%	$24.63	$21.35	—	COM SHS	74964K609
EQS	EQUUS TOTAL RETURN	10,803	$29,000	0.0%	$2.68	$2.84	—	Com	294766100