Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	SUNAMERICA FCSED ALPHA GRW F	2,720,068	$56.5M	20.5%	$20.77	$16.39	—	Com	867037103
—	SUNAMERICA FOCUSE ALPHA LC F	1,396,814	$26.68M	9.7%	$19.10	$14.89	—	Com	867038101
—	GYRODYNE CO AMER INC	242,632	$16.5M	6.0%	$68.00	$42.42	—	Com	403820103
—	LIBERTY ALL-STAR GROWTH FD I	3,531,682	$15.68M	5.7%	$4.44	$3.61	—	Com	529900102
—	LIBERTY ALL STAR EQUITY FD	2,906,142	$15.03M	5.5%	$5.17	$4.88	—	SH BEN INT	530158104
—	ALPINE GLOBAL PREMIER PPTYS	1,284,496	$9.235M	3.4%	$7.19	$7.12	—	Com	02083A103
—	MACQUARIE FT TR GB INF UT DIV	518,975	$8.298M	3.0%	$15.99	$14.36	—	Com	55607W100
—	AUSTRALIA ACQUISITION CORP	832,000	$8.073M	2.9%	$9.70	$9.35	—	SHS	G06368107
—	TS&W CLAYMORE TAX ADVNTG BL	677,484	$7.703M	2.8%	$11.37	$11.30	—	Com	87280R108
—	ROYCE VALUE TR INC	375,637	$7.509M	2.7%	$19.99	$11.59	—	Com	780910105
—	GABELLI GLOBAL MULTIMEDIA TR	916,881	$7.308M	2.7%	$7.97	$7.82	—	Com	36239Q109
—	TRI CONTL CORP	391,619	$5.847M	2.1%	$14.93	$11.56	—	Com	895436103
—	NEUBERGER BERMAN REAL ESTATE	1,280,634	$5.507M	2.0%	$4.30	$3.21	—	COM	64190A103
—	UNIVERAL BUSINESS PMT SOL AC	917,600	$5.506M	2.0%	$6.00	$6.00	—	UNIT 99/99/9999	913384202
—	NEW IRELAND FUND INC	603,448	$5.171M	1.9%	$8.57	$8.43	—	Com	645673104
—	CAZADOR ACQUISITION CORP	535,000	$5.158M	1.9%	$9.64	$9.65	—	SHS	G19867103
CASY	CASEYS GEN STORES INC	112,473	$4.949M	1.8%	$44.00	$40.38	—	Com	147528103
—	ROYCE MICRO-CAP TR INC	490,895	$4.849M	1.8%	$9.88	$8.13	—	Com	780915104
—	LMP CAP & INCOME FD INC	343,098	$4.707M	1.7%	$13.72	$12.11	—	Com	50208A102
—	SHELTON GTR CHINA FD	545,948	$4.144M	1.5%	$7.59	$7.59	—	SH BEN INT	823014105
—	ZWEIG TOTAL RETURN FD INC	1,000,845	$3.393M	1.2%	$3.39	$3.47	—	Com	989837109
—	BOULDER TOTAL RETURN FD INC	197,425	$3.255M	1.2%	$16.49	$14.58	—	Com	101541100
—	FIRST TR STRAT HGH INC FD III	715,815	$3.235M	1.2%	$4.52	$4.50	—	Com	33735C106
—	ADAMS EXPRESS CO	287,316	$3.201M	1.2%	$11.14	$9.82	—	Com	006212104
—	MVC CAPITAL INC	229,965	$3.042M	1.1%	$13.23	$12.86	—	Com	553829102
PSEC	PROSPECT CAPITAL CORPORATION	233,000	$2.356M	0.9%	$10.11	$10.11	—	Com	74348T102
—	BOULDER GROWTH & INCOME FD INC	322,868	$2.092M	0.8%	$6.48	$6.06	—	Com	101507101
—	IBERO-AMERICA FD INC	268,286	$2.04M	0.7%	$7.60	$7.60	—	Com	45082X103
—	CHINA GROWTH EQUITY INV LTD	200,000	$2M	0.7%	$10.00	$10.00	—	UNIT 05/14/2016	G2114K115
—	MACQUARIE GLBL INFRA TOTL RE	104,180	$1.935M	0.7%	$18.57	$14.37	—	Com	55608D101
—	PROMOTORA DE INFORMACIONES S	190,650	$1.906M	0.7%	$10.00	$9.54	—	ADR CL B CONV	74343G303
—	PRIME ACQUISITION CORP	200,000	$1.888M	0.7%	$9.44	$9.44	—	SHS	G72436101
—	KOREA EQUITY FD INC	122,605	$1.773M	0.6%	$14.46	$9.29	—	Com	50063B104
—	MEXICO EQUITY AND INCOME FD	128,845	$1.505M	0.5%	$11.68	$7.65	—	Com	592834105
—	BLACKROCK CR ALLCTN INC TR COM	119,353	$1.493M	0.5%	$12.51	$12.12	—	Com	092508100
—	GLOBAL EAGLE ACQUISITION COR	145,250	$1.377M	0.5%	$9.48	$9.48	—	COM	37951D102
—	ROBERTS REALTY INVS	713,594	$1.32M	0.5%	$1.85	$1.30	—	Com	769900101
—	BANCROFT FUND LTD	65,349	$1.137M	0.4%	$17.40	$15.60	—	Com	059695106
GM	GENERAL MTRS CO	37,100	$1.126M	0.4%	$30.35	$31.02	—	Com	37045V100
EQS	EQUUS TOTAL RETURN	390,145	$936K	0.3%	$2.40	$2.45	—	Com	294766100
—	ELLSWORTH FUND LTD	115,750	$873K	0.3%	$7.54	$6.56	—	Com	289074106
—	GDL FUND	55,932	$750K	0.3%	$13.41	$13.53	—	COM SH BEN IT	361570104
—	COHEN & STEERS INFRASTRUCTUR	37,068	$660K	0.2%	$17.81	$14.72	—	Com	19248A109
—	NUVEEN MULTI STRAT INC & GR	64,118	$586K	0.2%	$9.14	$8.88	—	Com	67073D102
—	AMERICAN STRATEGIC INCOME III	64,933	$515K	0.2%	$7.93	$7.65	—	Com	03009T101
—	MORGAN STANLEY ASIA PAC FD I	26,440	$450K	0.2%	$17.02	$15.26	—	Com	61744U106
—	CALAMOS STRATEGIC TOTL RETN	45,980	$440K	0.2%	$9.57	$9.26	—	COM SH BEN INT	128125101
—	AUSTRALIA ACQUISITION-CW15	800,000	$379K	0.1%	$0.47	$0.44	—	*W EXP 99/99/999	G06368115
—	GABELLI DIVD & INCOME TR	21,572	$358K	0.1%	$16.60	$13.64	—	Com	36242H104
MYRX	MYREXIS INC	92,900	$333K	0.1%	$3.58	$3.73	—	Com	62856H107
—	AMERN STRATEGIC INCOME PTFL II	35,640	$329K	0.1%	$9.23	$9.03	—	Com	030099105
—	JOHN HANCOCK BK &THRIFT OPP	19,853	$326K	0.1%	$16.42	$15.13	—	SH BEN INT NEW	409735206
—	H & Q LIFE SCIENCES INVS	25,565	$318K	0.1%	$12.44	$10.23	—	SH BEN INT	404053100
—	DELAWARE INV NATL MUNI INC F	24,271	$303K	0.1%	$12.48	$12.48	—	Mutual Funds	24610T108
—	GREATER CHINA FD INC	20,984	$266K	0.1%	$12.68	$12.68	—	Com	39167B102
—	CENTRAL SECS CORP	11,106	$265K	0.1%	$23.86	$19.88	—	Com	155123102
—	CAZADOR ACQUISITION COR-CW15	635,000	$254K	0.1%	$0.40	$0.34	—	*W EXP 99/99/999	G19867129
—	BLACKROCK CREDIT ALL INC TR II	25,000	$254K	0.1%	$10.16	$9.84	—	Com	09255H105
—	PROMOTORA DE INFORMACIONES S	26,271	$243K	0.1%	$9.25	$8.02	—	ADR CL A SHS	74343G204
—	DCA TOTAL RETURN FD	54,636	$208K	0.1%	$3.81	$2.78	—	Com	233066109
—	THAI FD INC	14,700	$187K	0.1%	$12.72	$12.72	—	Com	882904105
—	PRIME ACQUISITION CORP	17,500	$175K	0.1%	$10.00	$10.00	—	UNIT 99/99/9999	G72436119
—	GABELLI HLTHCARE & WELLNESS	19,020	$147K	0.1%	$7.73	$7.33	—	SHS	36246K103
—	ROYCE FOCUS TR COM	17,500	$137K	0.0%	$7.83	$6.34	—	COM	78080N108
—	ALLIANCEBERNSTEIN INCOME FUN	16,454	$130K	0.0%	$7.90	$7.69	—	Com	01881E101
—	PRIME ACQUISITION CORP	200,000	$118K	0.0%	$0.59	$0.59	—	*W EXP 99/99/999	G72436127
—	AMERITRANS CAPTL CORPORATION	94,800	$111K	0.0%	$1.17	$1.30	—	Com	03073H108
—	NUVEEN MULTI STRAT INC & GR II	12,300	$110K	0.0%	$8.94	$8.38	—	Com	67073B106
—	PUTNAM MASTER INTER INC TST	16,380	$95,000	0.0%	$5.80	$5.80	—	SH BEN INT	746909100
—	BLACKROCK INCOME TR INC	12,000	$84,000	0.0%	$7.00	$6.79	—	Com	09247F100
—	GLOBAL EAGLE ACQUISITION COR	90,722	$77,000	0.0%	$0.85	$0.85	—	W EXP 05/13/201	37951D110
—	SEANERGY MARITIME HLDGS CORP	28,330	$56,000	0.0%	$1.98	$1.12	—	SHS	Y73760103
—	INDIA GLOBALIZATION CAP INC	50,000	$19,000	0.0%	$0.38	$1.38	—	COM	45408X100
—	STREAM GLOBAL SVCS INC	517,126	$12,000	0.0%	$0.02	$0.51	—	*W EXP 10/17/201	86323M118
—	SPDR S&P 500 ET JULY16 128.00	25,600	$12,000	0.0%	$0.47	—	—	Put	78462F953
—	CHINA SECURITY 09/17/2011 5.00	10,000	$10,000	0.0%	$1.00	—	—	Put	16942J955