Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	SUNAMERICA FCSED ALPHA GRW F	2,552,566	$51.08M	18.7%	$20.01	$16.11	—	Com	867037103
—	SUNAMERICA FOCUSE ALPHA LC F	1,326,332	$24.1M	8.8%	$18.17	$14.67	—	Com	867038101
CASY	CASEYS GEN STORES INC	547,657	$21.36M	7.8%	$39.00	$40.38	—	Com	147528103
—	GYRODYNE CO AMER INC	241,232	$18.08M	6.6%	$74.96	$42.42	—	Com	403820103
—	LIBERTY ALL-STAR GROWTH FD I	3,531,682	$16.28M	6.0%	$4.61	$3.61	—	Com	529900102
—	LMP CAP & INCOME FD INC	1,044,687	$13.89M	5.1%	$13.30	$12.11	—	Com	50208A102
—	MORGAN STANLEY ASIA PAC FD I	676,667	$11.53M	4.2%	$17.04	$15.26	—	Com	61744U106
—	LIBERTY ALL STAR EQUITY FD	2,110,676	$11.1M	4.1%	$5.26	$4.77	—	SH BEN INT	530158104
—	MACQUARIE FT TR GB INF UT DIV	655,526	$10.4M	3.8%	$15.86	$14.36	—	Com	55607W100
—	ZWEIG TOTAL RETURN FD INC	2,252,427	$7.816M	2.9%	$3.47	$3.47	—	Com	989837109
—	AUSTRALIA ACQUISITION CORP	825,000	$7.715M	2.8%	$9.35	$9.35	—	SHS	G06368107
—	ROYCE VALUE TR INC	375,275	$5.775M	2.1%	$15.39	$11.59	—	Com	780910105
—	TRI CONTL CORP	391,619	$5.725M	2.1%	$14.62	$11.56	—	Com	895436103
—	NEUBERGER BERMAN REAL ESTATE	1,280,426	$5.288M	1.9%	$4.13	$3.21	—	COM	64190A103
—	CAZADOR ACQUISITION CORP	535,000	$5.171M	1.9%	$9.67	$9.65	—	SHS	G19867103
—	ROYCE MICRO-CAP TR INC	490,198	$5.019M	1.8%	$10.24	$8.13	—	Com	780915104
—	ALPINE GLOBAL PREMIER PPTYS	519,528	$3.642M	1.3%	$7.01	$7.03	—	Com	02083A103
—	BOULDER TOTAL RETURN FD INC	197,425	$3.309M	1.2%	$16.76	$14.58	—	Com	101541100
—	ADAMS EXPRESS CO	287,316	$3.264M	1.2%	$11.36	$9.82	—	Com	006212104
—	MVC CAPITAL INC	223,777	$3.07M	1.1%	$13.72	$12.85	—	Com	553829102
—	PROMOTORA DE INFORMACIONES S	190,650	$2.274M	0.8%	$11.93	$9.54	—	ADR CL B CONV	74343G303
—	GABELLI GLOBAL MULTIMEDIA TR	282,378	$2.205M	0.8%	$7.81	$7.48	—	Com	36239Q109
—	RIVERSOURCE LASALLE INTL R/E	222,179	$2.196M	0.8%	$9.88	$8.22	—	Com	76932W102
—	BOULDER GROWTH & INCOME FD INC	317,868	$2.098M	0.8%	$6.60	$6.05	—	Com	101507101
—	KOREA EQUITY FD INC	147,404	$2.006M	0.7%	$13.61	$9.29	—	Com	50063B104
—	MACQUARIE GLBL INFRA TOTL RE	101,180	$1.843M	0.7%	$18.22	$14.25	—	Com	55608D101
—	AGREE REALTY CORP	76,958	$1.728M	0.6%	$22.45	$22.45	—	COM	08492100
—	BLACKROCK CREDIT ALL IN TR III	156,642	$1.649M	0.6%	$10.53	$10.53	—	COM SHS	09249V103
—	H & Q LIFE SCIENCES INVS	125,213	$1.505M	0.6%	$12.02	$10.23	—	SH BEN INT	404053100
—	MEXICO EQUITY AND INCOME FD	128,845	$1.492M	0.5%	$11.58	$7.65	—	Com	592834105
—	ELLSWORTH FUND LTD	195,201	$1.479M	0.5%	$7.58	$6.56	—	Com	289074106
—	BLACKROCK CR ALLCTN INC TR COM	119,353	$1.447M	0.5%	$12.12	$12.12	—	Com	092508100
—	ROBERTS REALTY INVS	718,414	$1.385M	0.5%	$1.93	$1.30	—	Com	769900101
—	WINN DIXIE STORES INC	192,299	$1.373M	0.5%	$7.14	$8.89	—	COM NEW	974280307
GM	GENERAL MTRS CO	37,100	$1.151M	0.4%	$31.02	$31.02	—	Com	37045V100
—	BANCROFT FUND LTD	65,349	$1.144M	0.4%	$17.51	$15.60	—	Com	059695106
—	H & Q HEALTHCARE INVESTORS SH	74,683	$1.069M	0.4%	$14.31	$10.94	—	SH BEN INT	404052102
—	TS&W CLAYMORE TAX ADVNTG BL	78,886	$869K	0.3%	$11.02	$10.77	—	Com	87280R108
—	NUVEEN MULTI STRAT INC & GR II	97,300	$828K	0.3%	$8.51	$8.38	—	Com	67073B106
—	AMERICAN STRATEGIC INCOME III	107,006	$817K	0.3%	$7.64	$7.65	—	Com	03009T101
—	GDL FUND	55,932	$757K	0.3%	$13.53	$13.53	—	COM SH BEN IT	361570104
EQS	EQUUS TOTAL RETURN	276,548	$719K	0.3%	$2.60	$2.47	—	Com	294766100
—	COHEN & STEERS INFRASTRUCTUR	37,068	$654K	0.2%	$17.64	$14.72	—	Com	19248A109
—	DWS HIGH INCOME OPPORT FD IN	43,947	$644K	0.2%	$14.65	$12.24	—	COM NEW	23339M204
—	NEW IRELAND FUND INC	77,170	$590K	0.2%	$7.65	$7.45	—	Com	645673104
—	NUVEEN CR STRATEGIES INCM FD C	64,118	$574K	0.2%	$8.95	$8.88	—	COM SHS	67073D102
—	CALAMOS STRATEGIC TOTL RETN	45,980	$447K	0.2%	$9.72	$9.26	—	COM SH BEN INT	128125101
—	GABELLI DIVD & INCOME TR	21,572	$359K	0.1%	$16.64	$13.64	—	Com	36242H104
—	JOHN HANCOCK BK &THRIFT OPP	19,853	$344K	0.1%	$17.33	$15.13	—	SH BEN INT NEW	409735206
—	AMERN STRATEGIC INCOME PTFL II	35,640	$322K	0.1%	$9.03	$9.03	—	Com	030099105
—	TAIWAN GREATER CHINA FD SH BEN	44,009	$317K	0.1%	$7.20	$6.33	—	SH BEN INT	874037104
—	PROMOTORA DE INFORMACIONES S	26,271	$309K	0.1%	$11.76	$8.02	—	ADR CL A SHS	74343G204
MYRX	MYREXIS INC	75,000	$289K	0.1%	$3.85	$3.76	—	Com	62856H107
—	DELAWAR INVTS AZ MUN INCOME	21,190	$274K	0.1%	$12.93	$12.82	—	COM	246100101
—	CENTRAL SECS CORP	11,106	$260K	0.1%	$23.41	$19.88	—	Com	155123102
—	AUSTRALIA ACQUISITION-CW15	800,000	$253K	0.1%	$0.32	$0.44	—	*W EXP 99/99/999	G06368115
—	BLACKROCK CREDIT ALL INC TR II	25,000	$246K	0.1%	$9.84	$9.84	—	Com	09255H105
—	FIRST TR STRAT HGH INC FD III	57,216	$245K	0.1%	$4.28	$4.28	—	Com	33735C106
—	CAZADOR ACQUISITION COR-CW15	535,000	$241K	0.1%	$0.45	$0.33	—	*W EXP 99/99/999	G19867129
—	DCA TOTAL RETURN FD	54,636	$205K	0.1%	$3.75	$2.78	—	Com	233066109
—	SPDR S&P 500 ET Apr11 128.00	76,000	$151K	0.1%	$1.99	—	—	Put	78462F953
—	ROYCE FOCUS TR COM	17,500	$146K	0.1%	$8.34	$6.34	—	COM	78080N108
—	ALLIANCEBERNSTEIN INCOME FUN	15,000	$115K	0.0%	$7.67	$7.67	—	Com	01881E101
—	AMERITRANS CAPTL CORPORATION	94,800	$100K	0.0%	$1.05	$1.30	—	Com	03073H108
—	ZWEIG FD	26,620	$96,000	0.0%	$3.61	$3.31	—	Com	989834106
—	SEANERGY MARITIME HLDGS CORP	145,000	$89,000	0.0%	$0.61	$1.12	—	SHS	Y73760103
—	GABELLI HLTHCARE & WELLNESS	11,325	$87,000	0.0%	$7.68	$7.06	—	SHS	36246K103
—	BLACKROCK INCOME TR INC	12,000	$81,000	0.0%	$6.75	$6.79	—	Com	09247F100
—	INDIA GLOBALIZATION CAP INC	50,000	$27,000	0.0%	$0.54	$1.38	—	COM	45408X100
EFA	ISHARES MSCI EAFE JUNE11 57.00	8,300	$11,000	0.0%	$1.33	—	—	Put	464287465
—	STREAM GLOBAL SVCS INC	517,426	$10,000	0.0%	$0.02	$0.51	—	*W EXP 10/17/201	86323M118
—	GABELLI HLTHCARE & WELLNESS	11,328	$4,000	0.0%	$0.35	$0.35	—	RIGHT 04/12/2011	36246K111