Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	NEW YORK REIT INC	3,831,249	$30.07M	8.7%	$9.18	—	COM	64976L109
STC	STEWART INFORMATION SERVICES	716,283	$27.05M	7.8%	$38.27	+2.0%	COM	860372101
—	SWISS HELVETIA FUND	1,917,876	$24.48M	7.1%	$11.68	—	COM	870875101
—	HILL INTERNATIONAL INC	3,373,163	$16.02M	4.6%	$4.25	—	COM	431466101
—	DEUTSCHE HIGH INCOME OPPORT	985,907	$14.92M	4.3%	$13.30	—	COM	25158Y102
—	PUTNAM HIGH INCOME SECURITIE	1,519,970	$13.56M	3.9%	$8.12	—	SHS BEN INT	746779107
—	JAPAN SMALLER CAPTLZTN FD INC	935,763	$11.74M	3.4%	$10.13	—	COM	47109U104
—	ABERDEEN CHILE FD INC	1,236,905	$10.38M	3.0%	$7.56	—	COM	00301W105
—	CENTRAL SECS CORP COM	368,295	$9.52M	2.8%	$15.61	—	COM	155123102
—	LAZARD GLOBAL TOT RT & INC	488,605	$8.189M	2.4%	$13.48	—	COM	52106W103
—	CLOUGH GLOBAL EQUITY FUND	610,898	$8.098M	2.3%	$11.46	—	COM	18914C100
—	MVC CAPITAL INC	802,106	$8.029M	2.3%	$12.69	—	COM	553829102
—	MORGAN STANLEY ASIA PAC FD	452,116	$7.794M	2.3%	$9.38	—	COM	61744U106
—	LIBERTY ALL STAR EQUITY FD SH	1,254,477	$7.564M	2.2%	$5.63	—	SH BEN INT	530158104
—	DELAWARE ENHANCED GBL DIV &	631,553	$7.49M	2.2%	$10.67	—	COM	246060107
—	SOURCE CAPITAL INC	178,637	$7.185M	2.1%	$38.82	—	COM	836144105
XXCHNXX	CHINA FUND INC	351,363	$7.15M	2.1%	$15.55	—	COM	169373107
—	TRI CONTL CORP COM	263,957	$6.744M	2.0%	$11.64	—	COM	895436103
PHUN	STELLAR ACQUISITION III INC	640,219	$6.507M	1.9%	$10.14	—	COM	Y8172W107
—	INDUSTREA ACQUISITION CORP	600,000	$6.066M	1.8%	$10.11	—	Unit	45579J203
—	ABERDEEN ISRAEL FUND INC	279,913	$5.738M	1.7%	$19.49	—	COM	00301L109
—	DEUTSCHE MULTI-MARKET INCOME	593,845	$5.321M	1.5%	$8.79	—	SHS	25160E102
—	KBL MERGER CORP IV	502,000	$5.12M	1.5%	$15.23	—	UNIT	48242A203
XJEQX	ABERDEEN JAPAN EQUITY FD	528,129	$4.6M	1.3%	$8.52	—	COM	00306J109
—	ABERDEEN SINGAPORE FD INC	384,563	$4.476M	1.3%	$9.45	—	COM	003244100
—	BOULDER GROWTH & INCM FD INC	426,605	$4.351M	1.3%	$7.58	—	COM	101507101
—	GREAT ELM CAP CORP	415,072	$4.333M	1.3%	$11.67	—	COM	390320109
—	FORUM MERGER CORP	421,427	$4.32M	1.3%	$10.19	—	UNIT	34985B202
—	M I ACQUISITIONS INC	384,235	$3.9M	1.1%	$10.15	—	COM	55304A104
—	ADAMS EXPRESS COMPANY	239,896	$3.649M	1.1%	$12.86	—	COM	006212104
—	TURKISH INVT FD INC	322,661	$3.025M	0.9%	$9.42	—	COM	900145103
—	ABERDEEN GTR CHINA FD	248,080	$2.91M	0.8%	$11.64	—	COM	003031101
—	MODERN MEDIA ACQUISITION COR	289,686	$2.827M	0.8%	$9.76	—	COM	60765P103
—	M III ACQUISITION CORP	261,911	$2.7M	0.8%	$9.83	—	UNIT 99/99/9999T	55378T203
—	I-AM CAPITAL ACQUISITION CO	250,000	$2.562M	0.7%	$10.25	—	Unit	45074Q207
—	DRAPER OAKWOOD TECHNOLOGY AC	250,000	$2.555M	0.7%	$10.22	—	Unit	26146L202
—	AVISTA HEALTHCARE PUB ACQ CO	248,436	$2.484M	0.7%	$9.87	—	COM	G0726L125
—	TAIWAN FD INC	117,043	$2.409M	0.7%	$20.29	—	COM	874036106
—	INVESCO PA VALUE MUN INCOME TR	182,321	$2.244M	0.7%	$12.31	—	COM	46132K109
—	ASIA TIGERS FUND INC	172,630	$2.136M	0.6%	$10.01	—	COM	04516T105
—	BISON CAPITAL ACQUISITION	200,000	$2.054M	0.6%	$10.20	—	UNIT	G1142P120
—	ANDINA ACQUISITION CORP II	196,406	$1.995M	0.6%	$9.69	—	SHS	G0441P104
—	DELAWARE INV DIVIDEND & INV	182,008	$1.958M	0.6%	$10.02	—	COM	245915103
HUNTF	HUNTER MARITIME ACQUISITION	186,828	$1.827M	0.5%	$9.83	-0.0%	CL A	Y37828111
—	DEUTSCHE STRATEGIC INCOME TR	143,311	$1.786M	0.5%	$12.46	—	SHS	25160F109
—	FRANKLIN UNVL TR	242,418	$1.762M	0.5%	$7.12	—	SH BEN INT	355145103
—	GENERAL AMERICAN INVESTORS	48,808	$1.758M	0.5%	$36.71	—	COM	368802104
SVVC	FIRSTHAND TECHNOLOGY VALUE	210,715	$1.687M	0.5%	$20.29	-61.4%	COM	33766Y100
—	ATLANTIC ACQUISITION COR - U	150,000	$1.542M	0.4%	$10.28	—	Unit	048206205
—	NUVEEN CONNECTICUT QLTY MUN FD	125,003	$1.526M	0.4%	$12.21	—	COM	67060D107
—	ALPINE GLOBAL PREMIER PPTYS	226,679	$1.503M	0.4%	$5.72	—	COM	02083A103
—	CLOUGH GLOBAL OPPORTUNITIES	125,563	$1.331M	0.4%	$10.29	—	SH BEN INT	18914E106
EQS	EQUUS TOTAL RETURN INC	497,162	$1.208M	0.4%	$2.32	+0.8%	COM	294766100
—	ABERDEEN INDONESIA FD	151,330	$1.174M	0.3%	$7.70	—	COM	00305P106
—	ROYCE VALUE TRUST	74,200	$1.172M	0.3%	$12.10	—	COM	780910105
—	ABERDEEN LATIN AMERICAN EQTY	39,461	$1.08M	0.3%	$27.37	—	COM	00306K106
—	FIRST TR ENHANCED EQTY INC	69,613	$1.048M	0.3%	$14.22	—	COM	337318109
—	PENSARE ACQUISITION	84,600	$874K	0.3%	$10.33	—	UNITS	70957E204
—	BLACKROCK DEBT STRAT FD INC	60,644	$708K	0.2%	$11.34	—	COM NEW	09255R202
—	ABERDEEN EMERGING MKTS SMALL	43,119	$602K	0.2%	$13.50	—	COM	00301T102
TPHS	TRINITY PLACE HOLDINGS INC	84,683	$594K	0.2%	$7.06	-1.5%	COM	89656D101
—	BARINGTON HILCO ACQUISITION	52,080	$539K	0.2%	$9.85	—	COM	06759V101
—	CONSTELLATION ALPHA CAPITAL	50,000	$513K	0.1%	$10.13	—	UNIT	G2379F124
—	HERZFELD CARIBBEAN BASIN FD	69,940	$507K	0.1%	$6.83	—	COM	42804T106
—	ELLSWORTH FUND INC	48,595	$450K	0.1%	$7.75	—	COM	289074106
—	SPDR S&P ETF TR TR UNIT	1,750	$440K	0.1%	$251.43	—	TR UNIT	78432F103
—	NEW IRELAND FUND	31,795	$436K	0.1%	$13.71	—	COM	645673104
—	GSV CAPITAL CORP	60,104	$325K	0.1%	$9.37	—	COM	36191J101
—	ELECTRUM SPL ACQUISITION COR	27,020	$287K	0.1%	$10.10	—	SHS	G3105C104
—	GDL FUND	26,554	$271K	0.1%	$10.49	—	COM	361570104
—	LAZARD WORLD DIVIDEND & INCOME	23,192	$263K	0.1%	$10.67	—	COM	521076109
—	STELLAR AQCUISITION III	640,219	$237K	0.1%	$0.34	—	*W EXP 03/22/202	Y8172W115
—	VIVOPOWER INTERNATIONAL PLC	58,609	$203K	0.1%	$5.50	—	SHS	G9376R100
—	M I ACQUISITIONS INC	384,235	$133K	0.0%	$0.35	—	*W EXP 99/99/999	55304A112
—	ANDINA ACQUISITION CORP II	196,406	$116K	0.0%	$0.23	—	RIGHT 09/01/2017	G0441P120
—	NEXTDECADE CORP	123,986	$115K	0.0%	$0.93	—	W EXP 99/99/999	65342K113
—	MODERN MEDIA ACQUISITION-RTS	282,325	$101K	0.0%	$0.36	—	Rights	60765P129
—	AVISTA HEALTHCARE PUB ACQ CO	248,436	$99,000	0.0%	$0.47	—	*W EXP 99/99/999	G0726L117
—	BORQS TECHNOLOGIES INC -CW22	292,153	$82,000	0.0%	$0.28	—	*W EXP 99/99/999	G1466B111
—	MODERN MEDIA ACQUISITIO-CW22	147,043	$79,000	0.0%	$0.54	—	Warrants	60765P111
—	ANDINA ACQUISITION CORP II	196,406	$71,000	0.0%	$0.10	—	*W EXP 11/23/202	G0441P138
—	HUNTER MARITIME ACQUISITION WTS	93,414	$56,000	0.0%	$0.31	—	W EXP 99/99/999	Y37828129
—	ORIGO ACQUISITION CORP-RTS	73,423	$24,000	0.0%	$0.15	—	RIGHT 12/12/2016	G67789134
—	ORIGO ACQUISITION COR. WT	73,423	$22,000	0.0%	$0.07	—	*W EXP 12/17/202	G67789118
—	ELECTRUM SPL ACQUISITION COR	47,820	$15,000	0.0%	$0.22	—	*W EXP 99/99/999	G3105C112
—	BARINGTON HILCO ACQUISITION	49,649	$12,000	0.0%	$0.17	—	Rights	06759V119
—	QUINPARIO ACQUISITION C-CW23	32,582	$12,000	0.0%	$153.33	—	*W EXP 01/01/202	74874U119
—	BARINGTON HILCO ACQUISITION	49,649	$5,000	0.0%	$0.11	—	*W EXP 02/11/201	06759V127