Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	JOHN HANCOCK DIVERSIFIED INC	381,764	$4.104M	0.9%	$10.75	—	COM	47804L102
BPRE	BLUEROCK PVT REAL ESTATE FD	242,504	$3.638M	0.8%	$15.00	—	COM	09631P102
BCSS	BAIN CAP GSS INVT CORP	296,579	$2.99M	0.7%	$10.08	0.0%	ORD CL A	G0R78B106
OBDC	BLUE OWL CAPITAL CORPORATION	238,275	$2.962M	0.7%	$12.35	0.0%	COM	69121K104
MESHU	MESHFLOW ACQUISITION CORP	289,100	$2.891M	0.6%	$10.00	—	UNIT 11/19/2030	G6032N127
DSACU	DAEDALUS SPL ACQUISITION COR	270,000	$2.711M	0.6%	$10.04	—	UNIT 11/10/2030	G2616C124
—	XAI OCTAGN FLT RAT & ALT INM	508,363	$2.44M	0.5%	$4.80	—	COM	98400T106
—	COHEN & STEERS INFRASTRUCTUR	101,003	$2.435M	0.5%	$24.11	—	COM	19248A109
NCDL	NUVEEN CHURCHILL DIRECT LEND	173,412	$2.313M	0.5%	$13.75	0.0%	COM SHS	67090S108
BRK/A	BERKSHIRE HATHAWAY INC DEL	3	$2.264M	0.5%	$746423.56	0.0%	CL A	084670108
SVAC	SPRING VY ACQUISITION CORP I	218,855	$2.221M	0.5%	$10.32	0.0%	SHS CL A	G8377R101
AIIA	AI INFRASTRUCTURE ACQUISI	216,760	$2.155M	0.5%	$9.93	0.0%	ORD SHS CL A	G01336109
DYOR	INSIGHT DIGITAL PARTNERS II	205,798	$2.039M	0.5%	$9.91	0.0%	CL A ORD	G4814G105
MKLY	MCKINLEY ACQUISITION CORP	200,000	$1.994M	0.4%	$9.95	0.0%	SHS CL A	G6005T101
SPEG	SILVER PEGASUS ACQUISITION C	197,587	$1.988M	0.4%	$10.05	0.0%	SHS CL A	G8192J102
VACI	VIKING ACQUISITION CORP I	200,000	$1.98M	0.4%	$9.92	0.0%	ORD CL A	G9582G104
PGR	PROGRESSIVE CORP	8,000	$1.822M	0.4%	$212.34	0.0%	COM	743315103
HVMC	HIGHVIEW MERGER CORP	160,663	$1.607M	0.4%	$10.00	0.0%	ORD SH CL A	G4569C101
SAC/U	SAFEGUARD ACQUISITION CORP	157,388	$1.587M	0.4%	$10.09	—	UNIT 99/99/9999	G77676123
GIW	GIGCAPITAL8 CORP	159,263	$1.575M	0.4%	$9.91	0.0%	ORD CL A	G3864J100
TLNC	TALON CAP CORP	154,000	$1.557M	0.3%	$10.08	0.0%	ORD SHS CL A	G86652107
SCIIU	SC II ACQUISITION CORP	132,803	$1.337M	0.3%	$10.07	—	UNIT 11/06/2030	G7866D128
AIIA/U	AI INFRASTRUCTURE ACQUISI	128,529	$1.308M	0.3%	$10.18	—	UNIT 99/99/9999	G01336125
DYORU	INSIGHT DIGITAL PARTNERS II	127,985	$1.289M	0.3%	$10.07	—	UNIT 10/28/2030	G4814G121
EVOXU	EVOLUTION GLOBAL ACQUISITION	106,916	$1.075M	0.2%	$10.05	—	UNIT 10/22/2030	G3226F127
FIGX	FIGX CAP ACQUISITION CORP.	100,090	$1.007M	0.2%	$10.06	0.0%	USD CL A ORD SHS	G3473K100
MBVI	M3-BRIGADE ACQUISITION VI CO	100,000	$1M	0.2%	$10.06	0.0%	ORD SHS CL A	G63221108
—	CLOUGH GLOBAL EQUITY FD	127,456	$976K	0.2%	$7.66	—	COM	18914C100
SCPQU	SOCIAL COMM PARTNERS CORP	88,992	$890K	0.2%	$10.00	—	UNIT 11/24/2030	G8254P129
BIXIU	BITCOIN INFRASTRUCTURE ACQUI	75,000	$747K	0.2%	$9.96	—	UNIT 11/06/2030	G1143H127
TDWDU	TAILWIND 2.0 ACQUISITION COR	74,400	$747K	0.2%	$10.04	—	UNIT 11/07/2030	G8662J103
CRANU	CRANE HBR ACQUISITION CORP I	63,809	$643K	0.1%	$10.07	—	UNIT 12/09/2030	G25014120
BLRKU	BLUEROCK ACQUISITION CORP	50,000	$500K	0.1%	$10.00	—	UNIT 11/06/2030	G1352R121
DNMX	DYNAMIX CORP III	50,000	$495K	0.1%	$9.91	0.0%	USD CL A ORD SHS	G2949T109
RDAG	REPUBLIC DIGITAL ACQUISITION	48,000	$486K	0.1%	$10.25	0.0%	USD CL A ORD SHS	G7515A103
APXT	APEX TREAS CORP	43,000	$425K	0.1%	$9.89	0.0%	ORD SHS CL A	G04104108
RNGT	RANGE CAP ACQUISITION CORP I	37,039	$369K	0.1%	$9.99	0.0%	CL A ORD SHS	G7375J103
CCII	COHEN CIRCLE ACQUISIT CORP I	25,000	$256K	0.1%	$10.26	0.0%	SHS CL A	G2254C121
SVAQU	SILICON VY ACQUISITION CORP	25,000	$249K	0.1%	$9.95	—	UNIT 12/08/2030	G81306105
GTERA	GLOBA TERRA ACQUISITION COR	21,870	$221K	0.0%	$10.05	0.0%	CL A ORD SHS	G3933N116
GSRF	GSR IV ACQUISITION CORP	11,410	$114K	0.0%	$10.02	0.0%	CL A SHS	G4R12K107
UCFI	CN HEALTHY FOOD TECH GROUP C	11,243	$61,949	0.0%	$5.51	0.0%	COM	462837105
AIIA-R	AI INFRASTRUCTURE ACQUISI	216,760	$56,358	0.0%	$0.26	—	RIGHT 99/99/9999	G01336117
GIWWR	GIGCAPITAL8 CORP	159,263	$49,372	0.0%	$0.31	—	RIGHT 09/30/2030	G3864J118
SPEGR	SILVER PEGASUS ACQUISITION C	197,587	$47,421	0.0%	$0.24	—	RIGHT 06/26/2030	G8192J136
SVACW	SPRING VY ACQUISITION CORP I	72,951	$45,412	0.0%	$0.62	—	*W EXP 09/04/203	G8377R119
KOYNW	CSLM DIGITA ASSET ACQ CORP I	100,000	$40,000	0.0%	$0.40	—	*W EXP 08/28/203	G2584S119
DYORW	INSIGHT DIGITAL PARTNERS II	102,899	$33,957	0.0%	$0.33	—	*W EXP 10/28/203	G4814G113
HVMCW	HIGHVIEW MERGER CORP	80,331	$28,116	0.0%	$0.35	—	*W EXP 07/24/203	G4569C119
MKLYR	MCKINLEY ACQUISITION CORP	200,000	$26,000	0.0%	$0.13	—	RIGHT 07/25/2030	G6005T119
TLNCW	TALON CAP CORP	51,332	$25,671	0.0%	$0.50	—	*W EXP 08/27/203	G86652123
VACI/WS	VIKING ACQUISITION CORP I	66,666	$25,333	0.0%	$0.38	—	*W EXP 11/03/203	G9582G112
EVAC/WS	EQV VENTURES AC CORP. II	55,862	$19,552	0.0%	$0.35	—	*W EXP 06/30/203	G3106Q128
RDAGW	REPUBLIC DIGITAL ACQUISITION	23,996	$13,918	0.0%	$0.58	—	*W EXP 05/01/203	G7515A129
FIGXW	FIGX CAP ACQUISITION CORP.	50,045	$12,511	0.0%	$0.25	—	*W EXP 06/17/203	G3473K118
MBVIW	M3-BRIGADE ACQUISITION VI CO	33,332	$12,333	0.0%	$0.37	—	*W EXP 08/18/203	G63221116
DNMXW	DYNAMIX CORP III	25,000	$8,000	0.0%	$0.32	—	*W EXP 10/10/203	G2949T117
APXTW	APEX TREAS CORP	21,500	$6,450	0.0%	$0.30	—	*W EXP 10/07/203	G04104124
RNGTW	RANGE CAP ACQUISITION CORP I	18,516	$5,370	0.0%	$0.29	—	*W EXP 09/29/203	G7375J111
GTERR	GLOBA TERRA ACQUISITION COR	21,870	$2,845	0.0%	$0.13	—	RIGHT 06/17/2030	G3933N132
GTERW	GLOBA TERRA ACQUISITION COR	16,399	$2,061	0.0%	$0.13	—	*W EXP 06/17/203	G3933N124

Increased Positions (42)

— BNY MELLON STRATEGIC MUNS IN 2.1%

Value $9.416M (+107.8%) Shares 1,480,512 (+104.2%) Est. Cost $6.17 Unrealized —

— BNY MELLON STRATEGIC MUN BD 4.5%

Value $20.41M (+31.4%) Shares 3,308,091 (+26.0%) Est. Cost $5.84 Unrealized —

FSK FS KKR CAP CORP 1.6%

Value $7.203M (+100.1%) Shares 486,352 (+101.7%) Est. Cost $16.06 Unrealized -8.5%

OTF BLUE OWL TECHNOLOGY FIN CORP 2.0%

Value $8.954M (+66.3%) Shares 615,848 (+58.0%) Est. Cost $14.02 Unrealized -2.6%

— SRH TOTAL RETURN FUND INC 5.1%

Value $23.06M (+13.6%) Shares 1,243,823 (+11.3%) Est. Cost $14.20 Unrealized —

BBDC BARINGS BDC INC 0.6%

Value $2.913M (+393.2%) Shares 317,307 (+370.6%) Est. Cost $8.57 Unrealized +1.3%

— MFS HIGH YIELD MUN TR 2.8%

Value $12.61M (+21.4%) Shares 3,593,657 (+20.0%) Est. Cost $3.42 Unrealized —

CB CHUBB LIMITED 1.0%

Value $4.37M (+93.5%) Shares 14,000 (+75.0%) Est. Cost $282.58 Unrealized +3.5%

— VOYA EMERGING MKTS HIGH DIVI 1.3%

Value $5.646M (+55.1%) Shares 900,453 (+55.1%) Est. Cost $6.19 Unrealized —

— MFS INVT GRADE MUN TR 2.1%

Value $9.551M (+23.9%) Shares 1,201,345 (+22.5%) Est. Cost $7.76 Unrealized —

LWAC LIGHTWAVE ACQUISITION CORP 0.6%

Value $2.617M (+163.1%) Shares 260,956 (+161.0%) Est. Cost $10.02 Unrealized +0.3%

NWFL NORWOOD FINANCIAL CORP 0.4%

Value $1.799M (+658.6%) Shares 64,145 (+587.4%) Est. Cost $27.02 Unrealized +0.9%

EVAC EQV VENTURES AC CORP. II 0.4%

Value $1.68M (+910.9%) Shares 167,545 (+902.8%) Est. Cost $10.00 Unrealized +0.1%

MRCC MONROE CAP CORP 1.4%

Value $6.082M (+33.1%) Shares 954,816 (+46.7%) Est. Cost $6.48 Unrealized -0.2%

WENN WEN ACQUISITION CORP 0.5%

Value $2.207M (+211.6%) Shares 218,562 (+212.2%) Est. Cost $10.18 Unrealized -0.1%

BCAR D. BORAL ARC ACQ I CORP. 0.6%

Value $2.758M (+102.0%) Shares 275,000 (+100.0%) Est. Cost $9.97 Unrealized +0.6%

OYSE OYSTER ENTERPRISES II ACQUIS 0.7%

Value $3.297M (+53.2%) Shares 327,096 (+52.3%) Est. Cost $10.04 Unrealized +0.4%

VNME VENDOME ACQUISITION CORP I 0.5%

Value $2.121M (+90.0%) Shares 211,434 (+88.1%) Est. Cost $9.97 Unrealized +0.6%

— BNY MELLON MUN BD INFRASTRUC 1.0%

Value $4.399M (+23.8%) Shares 400,303 (+20.6%) Est. Cost $10.54 Unrealized —

ALX ALEXANDERS INC 1.4%

Value $6.102M (+15.7%) Shares 28,000 (+24.4%) Est. Cost $224.35 Unrealized —

— CLOUGH GLOBAL OPPORTUNITIES 0.7%

Value $3.248M (+27.8%) Shares 573,849 (+28.7%) Est. Cost $5.50 Unrealized —

— NEUBERGER NEXT GENERATION 3.8%

Value $16.87M (-3.5%) Shares 1,168,126 (+2.7%) Est. Cost $12.62 Unrealized —

OXLC OXFORD LANE CAP CORP 1.6%

Value $7.106M (-6.2%) Shares 485,401 (+8.5%) Est. Cost $16.75 Unrealized —

VLGEA VILLAGE SUPER MKT INC 1.3%

Value $6.035M (+6.6%) Shares 170,515 (+12.5%) Est. Cost $36.54 Unrealized -6.1%

— TOTAL RETURN SECURITIES FUND 0.2%

Value $1.007M (+54.9%) Shares 161,903 (+51.4%) Est. Cost $8.85 Unrealized —

CCIF CARLYLE CREDIT INCOME FUND 0.4%

Value $1.582M (-17.3%) Shares 337,241 (+2.7%) Est. Cost $5.79 Unrealized —

CCAP CRESCENT CAP BDC INC 1.4%

Value $6.428M (+3.0%) Shares 457,518 (+4.6%) Est. Cost $14.02 Unrealized -1.5%

INAC INDIGO ACQUISITION CORP 0.4%

Value $1.79M (+9.8%) Shares 178,479 (+9.1%) Est. Cost $9.96 Unrealized +0.6%

RWAY RUNWAY GROWTH FINANCE CORP 2.4%

Value $10.72M (+1.4%) Shares 1,200,872 (+15.3%) Est. Cost $9.12 Unrealized +2.1%

BACCR BLUE ACQUISITION CORP. 0.0%

Value $156K (+221.1%) Shares 481,585 (+59.9%) Est. Cost $0.22 Unrealized —

NXDT NEXPOINT DIVERSIFIED REL ET 0.3%

Value $1.123M (+9.1%) Shares 293,119 (+5.1%) Est. Cost $11.94 Unrealized —

ETHMW DYNAMIX CORP 0.0%

Value $137K (+94.3%) Shares 66,640 (+100.0%) Est. Cost $1.17 Unrealized —

TPL TEXAS PACIFIC LAND CORPORATI 2.0%

Value $9.105M (+0.5%) Shares 31,700 (+226.8%) Est. Cost $299.90 Unrealized +1.7%

— VOYA ASIA PAC HIGH DIV EQT I 0.7%

Value $3.093M (+1.6%) Shares 424,908 (+4.6%) Est. Cost $7.41 Unrealized —

ICMB INVESTCORP CR MGMT BDC INC 0.3%

Value $1.496M (+3.0%) Shares 554,197 (+6.0%) Est. Cost $2.95 Unrealized -4.2%

— NEW GERMANY FD INC 1.3%

Value $5.724M (+0.8%) Shares 501,257 (+2.0%) Est. Cost $8.68 Unrealized —

BCARW D. BORAL ARC ACQ I CORP. 0.0%

Value $49,954 (+230.3%) Shares 137,500 (+100.0%) Est. Cost $0.29 Unrealized —

OYSER OYSTER ENTERPRISES II ACQUIS 0.0%

Value $54,050 (+80.0%) Shares 312,349 (+56.2%) Est. Cost $0.16 Unrealized —

VNMEW VENDOME ACQUISITION CORP I 0.0%

Value $26,429 (+135.1%) Shares 105,717 (+88.1%) Est. Cost $0.22 Unrealized —

LWACW LIGHTWAVE ACQUISITION CORP 0.0%

Value $23,564 (+161.7%) Shares 130,479 (+161.0%) Est. Cost $0.18 Unrealized —

— CENTRAL SECS CORP 4.4%

Value $19.82M (-0.0%) Shares 390,946 (+1.3%) Est. Cost $33.84 Unrealized —

INACR INDIGO ACQUISITION CORP 0.0%

Value $26,802 (-7.7%) Shares 178,479 (+9.1%) Est. Cost $0.18 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	BNY MELLON STRATEGIC MUNS IN	1,480,512 (+104.2%)	$9.416M (+107.8%)	2.1%	$6.17	—	COM	05588W108
—	BNY MELLON STRATEGIC MUN BD	3,308,091 (+26.0%)	$20.41M (+31.4%)	4.5%	$5.84	—	COM	09662E109
FSK	FS KKR CAP CORP	486,352 (+101.7%)	$7.203M (+100.1%)	1.6%	$16.06	-8.5%	COM	302635206
OTF	BLUE OWL TECHNOLOGY FIN CORP	615,848 (+58.0%)	$8.954M (+66.3%)	2.0%	$14.02	-2.6%	COMMON STOCK	095924106
—	SRH TOTAL RETURN FUND INC	1,243,823 (+11.3%)	$23.06M (+13.6%)	5.1%	$14.20	—	COM	101507101
BBDC	BARINGS BDC INC	317,307 (+370.6%)	$2.913M (+393.2%)	0.6%	$8.57	+1.3%	COM	06759L103
—	MFS HIGH YIELD MUN TR	3,593,657 (+20.0%)	$12.61M (+21.4%)	2.8%	$3.42	—	SH BEN INT	59318E102
CB	CHUBB LIMITED	14,000 (+75.0%)	$4.37M (+93.5%)	1.0%	$282.58	+3.5%	COM	H1467J104
—	VOYA EMERGING MKTS HIGH DIVI	900,453 (+55.1%)	$5.646M (+55.1%)	1.3%	$6.19	—	COM	92912P108
—	MFS INVT GRADE MUN TR	1,201,345 (+22.5%)	$9.551M (+23.9%)	2.1%	$7.76	—	SH BEN INT	59318B108
LWAC	LIGHTWAVE ACQUISITION CORP	260,956 (+161.0%)	$2.617M (+163.1%)	0.6%	$10.02	+0.3%	USD CL A ORD SHS	G5490M100
NWFL	NORWOOD FINANCIAL CORP	64,145 (+587.4%)	$1.799M (+658.6%)	0.4%	$27.02	+0.9%	COM	669549107
EVAC	EQV VENTURES AC CORP. II	167,545 (+902.8%)	$1.68M (+910.9%)	0.4%	$10.00	+0.1%	ORD SHS CL A	G3106Q102
MRCC	MONROE CAP CORP	954,816 (+46.7%)	$6.082M (+33.1%)	1.4%	$6.48	-0.2%	COM	610335101
WENN	WEN ACQUISITION CORP	218,562 (+212.2%)	$2.207M (+211.6%)	0.5%	$10.18	-0.1%	COM CL A	G9R39C103
BCAR	D. BORAL ARC ACQ I CORP.	275,000 (+100.0%)	$2.758M (+102.0%)	0.6%	$9.97	+0.6%	SHS CL A	G2616F101
OYSE	OYSTER ENTERPRISES II ACQUIS	327,096 (+52.3%)	$3.297M (+53.2%)	0.7%	$10.04	+0.4%	ORD SHS CL A	G6861F104
VNME	VENDOME ACQUISITION CORP I	211,434 (+88.1%)	$2.121M (+90.0%)	0.5%	$9.97	+0.6%	COM CL A	G9580A109
—	BNY MELLON MUN BD INFRASTRUC	400,303 (+20.6%)	$4.399M (+23.8%)	1.0%	$10.54	—	COM SHS	09662W109
ALX	ALEXANDERS INC	28,000 (+24.4%)	$6.102M (+15.7%)	1.4%	$224.35	—	COM	014752109
—	CLOUGH GLOBAL OPPORTUNITIES	573,849 (+28.7%)	$3.248M (+27.8%)	0.7%	$5.50	—	SH BEN INT	18914E106
—	NEUBERGER NEXT GENERATION	1,168,126 (+2.7%)	$16.87M (-3.5%)	3.8%	$12.62	—	COMMON STOCK	64133Q108
OXLC	OXFORD LANE CAP CORP	485,401 (+8.5%)	$7.106M (-6.2%)	1.6%	$16.75	—	COM	691543847
VLGEA	VILLAGE SUPER MKT INC	170,515 (+12.5%)	$6.035M (+6.6%)	1.3%	$36.54	-6.1%	CL A NEW	927107409
—	TOTAL RETURN SECURITIES FUND	161,903 (+51.4%)	$1.007M (+54.9%)	0.2%	$8.85	—	COM	870875101
CCIF	CARLYLE CREDIT INCOME FUND	337,241 (+2.7%)	$1.582M (-17.3%)	0.4%	$5.79	—	SHS BEN INT	92535C104
CCAP	CRESCENT CAP BDC INC	457,518 (+4.6%)	$6.428M (+3.0%)	1.4%	$14.02	-1.5%	COM	225655109
INAC	INDIGO ACQUISITION CORP	178,479 (+9.1%)	$1.79M (+9.8%)	0.4%	$9.96	+0.6%	ORD SHS	G4791J106
RWAY	RUNWAY GROWTH FINANCE CORP	1,200,872 (+15.3%)	$10.72M (+1.4%)	2.4%	$9.12	+2.1%	COM	78163D100
BACCR	BLUE ACQUISITION CORP.	481,585 (+59.9%)	$156K (+221.1%)	0.0%	$0.22	—	RIGHT 06/11/2030	G1331A116
NXDT	NEXPOINT DIVERSIFIED REL ET	293,119 (+5.1%)	$1.123M (+9.1%)	0.3%	$11.94	—	COM NEW	65340G205
ETHMW	DYNAMIX CORP	66,640 (+100.0%)	$137K (+94.3%)	0.0%	$1.17	—	*W EXP 10/25/202	G2949D112
TPL	TEXAS PACIFIC LAND CORPORATI	31,700 (+226.8%)	$9.105M (+0.5%)	2.0%	$299.90	+1.7%	COM	88262P102
—	VOYA ASIA PAC HIGH DIV EQT I	424,908 (+4.6%)	$3.093M (+1.6%)	0.7%	$7.41	—	COM	92912J102
ICMB	INVESTCORP CR MGMT BDC INC	554,197 (+6.0%)	$1.496M (+3.0%)	0.3%	$2.95	-4.2%	COM	46090R104
—	NEW GERMANY FD INC	501,257 (+2.0%)	$5.724M (+0.8%)	1.3%	$8.68	—	COM	644465106
BCARW	D. BORAL ARC ACQ I CORP.	137,500 (+100.0%)	$49,954 (+230.3%)	0.0%	$0.29	—	*W EXP 07/23/203	G2616F119
OYSER	OYSTER ENTERPRISES II ACQUIS	312,349 (+56.2%)	$54,050 (+80.0%)	0.0%	$0.16	—	RIGHT 05/22/2030	G6861F138
VNMEW	VENDOME ACQUISITION CORP I	105,717 (+88.1%)	$26,429 (+135.1%)	0.0%	$0.22	—	*W EXP 02/18/202	G9580A117
LWACW	LIGHTWAVE ACQUISITION CORP	130,479 (+161.0%)	$23,564 (+161.7%)	0.0%	$0.18	—	*W EXP 06/06/203	G5490M126
—	CENTRAL SECS CORP	390,946 (+1.3%)	$19.82M (-0.0%)	4.4%	$33.84	—	COM	155123102
INACR	INDIGO ACQUISITION CORP	178,479 (+9.1%)	$26,802 (-7.7%)	0.0%	$0.18	—	RIGHT 04/02/2027	G4791J114

Exited Positions (37)

XENWX EATON VANCE NEW YORK MUN BD 1.1%

Value $4.772M Shares 484,023 Est. Cost $9.20 Unrealized —

FTW EQV VENTURES ACQUISITION COR 0.9%

Value $4.175M Shares 402,200 Est. Cost $9.93 Unrealized +5.2%

MBAV M3BRIGADE ACQUISITION V CORP 0.8%

Value $3.449M Shares 326,877 Est. Cost $10.04 Unrealized +5.7%

SOUL SOULPOWER ACQUISITION CORP 0.8%

Value $3.396M Shares 336,952 Est. Cost $10.00 Unrealized +1.5%

LPBB LAUNCH TWO ACQUISITION CORP. 0.7%

Value $3.071M Shares 293,863 Est. Cost $10.08 Unrealized +3.8%

SBXD SILVERBOX CORP IV 0.6%

Value $2.881M Shares 275,171 Est. Cost $10.06 Unrealized +4.7%

POLE ANDRETTI ACQUISITION CORP II 0.6%

Value $2.727M Shares 260,734 Est. Cost $10.02 Unrealized +5.2%

FACT FACT II ACQUISITION CORP 0.6%

Value $2.633M Shares 255,091 Est. Cost $10.04 Unrealized +3.1%

— PRINCIPAL REAL ESTATE INCOME 0.4%

Value $1.985M Shares 189,736 Est. Cost $9.66 Unrealized —

BACCU BLUE ACQUISITION CORP. 0.4%

Value $1.862M Shares 184,494 Est. Cost $10.04 Unrealized —

— VIRTUS TOTAL RETURN FD INC 0.4%

Value $1.659M Shares 257,181 Est. Cost $6.08 Unrealized —

LWACU LIGHTWAVE ACQUISITION CORP 0.4%

Value $1.618M Shares 160,956 Est. Cost $10.06 Unrealized —

— COLUMBUS CIRCLE CAP CORP. I 0.3%

Value $1.203M Shares 118,908 Est. Cost $10.12 Unrealized —

OYSEU OYSTER ENTERPRISES II ACQUIS 0.3%

Value $1.202M Shares 120,199 Est. Cost $10.12 Unrealized —

— CENTRAL & EASTERN EUROPE FD 0.2%

Value $1.111M Shares 72,345 Est. Cost $15.39 Unrealized —

SSSS SURO CAPITAL CORP 0.2%

Value $1.093M Shares 121,453 Est. Cost $4.63 Unrealized +103.2%

FIGXU FIGX CAP ACQUISITION CORP. 0.2%

Value $1.009M Shares 100,090 Est. Cost $10.06 Unrealized —

INFQ CHURCHILL CAP CORP X 0.2%

Value $878K Shares 68,275 Est. Cost $12.86 Unrealized —

— DWS MUN INCOME TR NEW 0.2%

Value $849K Shares 92,604 Est. Cost $9.00 Unrealized —

TACO BERTO ACQUISITION CORP 0.2%

Value $719K Shares 69,163 Est. Cost $10.37 Unrealized -1.0%

PCSC PERCEPTIVE CAP SOLUTIONS COR 0.1%

Value $528K Shares 50,000 Est. Cost $10.10 Unrealized +11.6%

RDAGU REPUBLIC DIGITAL ACQUISITION 0.1%

Value $526K Shares 50,000 Est. Cost $10.70 Unrealized —

BLUW BLUE WTR ACQUISITION CORP. I 0.1%

Value $414K Shares 41,519 Est. Cost $9.97 Unrealized +1.6%

CEPT CANTOR EQUITY PARTNERS II IN 0.1%

Value $377K Shares 35,895 Est. Cost $11.29 Unrealized -0.1%

CHECU CHENGHE ACQUISITION III CO 0.1%

Value $349K Shares 35,000 Est. Cost $9.98 Unrealized —

CCIIU COHEN CIRCLE ACQUISIT CORP I 0.1%

Value $257K Shares 25,000 Est. Cost $10.28 Unrealized —

GTERU GLOBA TERRA ACQUISITION COR 0.1%

Value $229K Shares 22,540 Est. Cost $10.17 Unrealized —

INFQ/WS CHURCHILL CAP CORP X 0.0%

Value $222K Shares 62,485 Est. Cost $3.55 Unrealized —

INACU INDIGO ACQUISITION CORP 0.0%

Value $192K Shares 19,035 Est. Cost $10.11 Unrealized —

HYAC HAYMAKER ACQUISITION CORP IV 0.0%

Value $166K Shares 14,625 Est. Cost $11.19 Unrealized +1.2%

DMIIU DRUGS MADE IN AMER ACQ II CO 0.0%

Value $151K Shares 15,225 Est. Cost $9.95 Unrealized —

ONCHU 1RT ACQUISITION CORP. 0.0%

Value $106K Shares 10,000 Est. Cost $10.55 Unrealized —

— IRON HORSE ACQUISITIONS CORP 0.0%

Value $46,362 Shares 63,190 Est. Cost $0.20 Unrealized —

— HERZFELD CREDIT INCOME FUND 0.0%

Value $41,824 Shares 17,573 Est. Cost $2.38 Unrealized —

— COLUMBUS CIRCLE CAP CORP. I 0.0%

Value $30,000 Shares 25,000 Est. Cost $1.66 Unrealized —

HYAC/WS HAYMAKER ACQUISITION CORP IV 0.0%

Value $8,416 Shares 21,039 Est. Cost $0.20 Unrealized —

AXINR AXIOM INTELLIGENCE AC CORP 1 0.0%

Value $2,880 Shares 18,000 Est. Cost $0.16 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XENWX	EATON VANCE NEW YORK MUN BD	484,023	$4.772M	1.1%	$9.20	—	—	27827Y109
FTW	EQV VENTURES ACQUISITION COR	402,200	$4.175M	0.9%	$9.93	+5.2%	—	G3106N109
MBAV	M3BRIGADE ACQUISITION V CORP	326,877	$3.449M	0.8%	$10.04	+5.7%	—	G63212107
SOUL	SOULPOWER ACQUISITION CORP	336,952	$3.396M	0.8%	$10.00	+1.5%	—	G82745103
LPBB	LAUNCH TWO ACQUISITION CORP.	293,863	$3.071M	0.7%	$10.08	+3.8%	—	G5S87A105
SBXD	SILVERBOX CORP IV	275,171	$2.881M	0.6%	$10.06	+4.7%	—	G81354105
POLE	ANDRETTI ACQUISITION CORP II	260,734	$2.727M	0.6%	$10.02	+5.2%	—	G26745102
FACT	FACT II ACQUISITION CORP	255,091	$2.633M	0.6%	$10.04	+3.1%	—	G32901103
—	PRINCIPAL REAL ESTATE INCOME	189,736	$1.985M	0.4%	$9.66	—	—	74255X104
BACCU	BLUE ACQUISITION CORP.	184,494	$1.862M	0.4%	$10.04	—	—	G1331A124
—	VIRTUS TOTAL RETURN FD INC	257,181	$1.659M	0.4%	$6.08	—	—	92835W107
LWACU	LIGHTWAVE ACQUISITION CORP	160,956	$1.618M	0.4%	$10.06	—	—	G5490M118
—	COLUMBUS CIRCLE CAP CORP. I	118,908	$1.203M	0.3%	$10.12	—	—	G2296A109
OYSEU	OYSTER ENTERPRISES II ACQUIS	120,199	$1.202M	0.3%	$10.12	—	—	G6861F120
—	CENTRAL & EASTERN EUROPE FD	72,345	$1.111M	0.2%	$15.39	—	—	153436100
SSSS	SURO CAPITAL CORP	121,453	$1.093M	0.2%	$4.63	+103.2%	—	86887Q109
FIGXU	FIGX CAP ACQUISITION CORP.	100,090	$1.009M	0.2%	$10.06	—	—	G3473K126
INFQ	CHURCHILL CAP CORP X	68,275	$878K	0.2%	$12.86	—	—	G2130T108
—	DWS MUN INCOME TR NEW	92,604	$849K	0.2%	$9.00	—	—	233368109
TACO	BERTO ACQUISITION CORP	69,163	$719K	0.2%	$10.37	-1.0%	—	G1051H101
PCSC	PERCEPTIVE CAP SOLUTIONS COR	50,000	$528K	0.1%	$10.10	+11.6%	—	G70077105
RDAGU	REPUBLIC DIGITAL ACQUISITION	50,000	$526K	0.1%	$10.70	—	—	G7515A111
BLUW	BLUE WTR ACQUISITION CORP. I	41,519	$414K	0.1%	$9.97	+1.6%	—	G1368E106
CEPT	CANTOR EQUITY PARTNERS II IN	35,895	$377K	0.1%	$11.29	-0.1%	—	G1827P106
CHECU	CHENGHE ACQUISITION III CO	35,000	$349K	0.1%	$9.98	—	—	G2086N113
CCIIU	COHEN CIRCLE ACQUISIT CORP I	25,000	$257K	0.1%	$10.28	—	—	G2254C105
GTERU	GLOBA TERRA ACQUISITION COR	22,540	$229K	0.1%	$10.17	—	—	G3933N108
INFQ/WS	CHURCHILL CAP CORP X	62,485	$222K	0.0%	$3.55	—	—	G2130T116
INACU	INDIGO ACQUISITION CORP	19,035	$192K	0.0%	$10.11	—	—	G4791J122
HYAC	HAYMAKER ACQUISITION CORP IV	14,625	$166K	0.0%	$11.19	+1.2%	—	G4375F108
DMIIU	DRUGS MADE IN AMER ACQ II CO	15,225	$151K	0.0%	$9.95	—	—	G2851K120
ONCHU	1RT ACQUISITION CORP.	10,000	$106K	0.0%	$10.55	—	—	G6757R121
—	IRON HORSE ACQUISITIONS CORP	63,190	$46,362	0.0%	$0.20	—	—	462837121
—	HERZFELD CREDIT INCOME FUND	17,573	$41,824	0.0%	$2.38	—	—	42804T106
—	COLUMBUS CIRCLE CAP CORP. I	25,000	$30,000	0.0%	$1.66	—	—	G2296A117
HYAC/WS	HAYMAKER ACQUISITION CORP IV	21,039	$8,416	0.0%	$0.20	—	—	G4375F116
AXINR	AXIOM INTELLIGENCE AC CORP 1	18,000	$2,880	0.0%	$0.16	—	—	G0750N112

Decreased Positions (57)

— ALLIANCEBERNSTEIN NATL MUN I 0.0%

Value $113K (-98.9%) Shares 10,474 (-98.9%) Est. Cost $10.95 Unrealized —

— GENERAL AMERN INVS CO INC 3.9%

Value $17.44M (-14.4%) Shares 296,960 (-9.4%) Est. Cost $35.41 Unrealized —

CNNE CANNAE HLDGS INC 1.6%

Value $7.176M (-25.9%) Shares 456,191 (-13.7%) Est. Cost $18.35 Unrealized -8.0%

— MORGAN STANLEY INDIA INVT FD 0.8%

Value $3.6M (-40.5%) Shares 144,096 (-37.2%) Est. Cost $28.67 Unrealized —

SVACU SPRING VY ACQUISITION CORP I 0.3%

Value $1.472M (-61.0%) Shares 142,939 (-61.1%) Est. Cost $10.28 Unrealized —

KOYNU CSLM DIGITA ASSET ACQ CORP I 0.1%

Value $253K (-90.0%) Shares 25,024 (-90.0%) Est. Cost $10.10 Unrealized —

SPEGU SILVER PEGASUS ACQUISITION C 0.1%

Value $430K (-82.3%) Shares 41,752 (-82.6%) Est. Cost $10.17 Unrealized —

MKLYU MCKINLEY ACQUISITION CORP 0.0%

Value $171K (-92.1%) Shares 16,921 (-92.2%) Est. Cost $9.99 Unrealized —

CHAC CRANE HBR ACQUISITION CORP 0.1%

Value $628K (-75.2%) Shares 58,290 (-76.7%) Est. Cost $9.98 Unrealized +11.6%

GIG GIGCAPITAL7 CORP 0.4%

Value $1.7M (-49.5%) Shares 161,306 (-49.5%) Est. Cost $9.96 Unrealized +7.0%

HVMCU HIGHVIEW MERGER CORP 0.1%

Value $601K (-73.0%) Shares 59,302 (-73.0%) Est. Cost $10.12 Unrealized —

EVAC/U EQV VENTURES AC CORP. II 0.1%

Value $386K (-80.5%) Shares 38,177 (-80.7%) Est. Cost $10.01 Unrealized —

TLNCU TALON CAP CORP 0.0%

Value $156K (-90.8%) Shares 15,250 (-91.0%) Est. Cost $10.05 Unrealized —

CUB LIONHEART HOLDINGS 0.8%

Value $3.515M (-29.8%) Shares 330,645 (-30.6%) Est. Cost $10.01 Unrealized +5.9%

BCARU D. BORAL ARC ACQ I CORP. 0.0%

Value $155K (-89.9%) Shares 15,190 (-90.1%) Est. Cost $10.00 Unrealized —

— DESTRA MULTI-ALTERNATIVE FD 0.3%

Value $1.141M (-52.8%) Shares 127,218 (-54.6%) Est. Cost $7.47 Unrealized —

RANG RANGE CAP ACQUISITION CORP 0.3%

Value $1.496M (-45.4%) Shares 143,580 (-46.0%) Est. Cost $10.05 Unrealized +4.3%

TAVI TAVIA ACQUISITION CORP 0.3%

Value $1.2M (-46.3%) Shares 115,051 (-46.8%) Est. Cost $9.99 Unrealized +4.2%

MBVIU M3-BRIGADE ACQUISITION VI CO 0.0%

Value $154K (-86.8%) Shares 15,240 (-86.8%) Est. Cost $10.12 Unrealized —

VNMEU VENDOME ACQUISITION CORP I 0.1%

Value $271K (-78.8%) Shares 26,603 (-79.2%) Est. Cost $9.97 Unrealized —

BCIC BCP INVESTMENT CORPORATION 1.0%

Value $4.477M (-15.6%) Shares 378,412 (-17.7%) Est. Cost $12.93 Unrealized -7.8%

— ELLSWORTH GROWTH & INCOME FD 0.7%

Value $3.115M (-14.1%) Shares 267,836 (-14.3%) Est. Cost $9.35 Unrealized —

BACQ INFLECTION POINT ACQUISITION 0.0%

Value $190K (-68.1%) Shares 17,684 (-69.0%) Est. Cost $10.05 Unrealized +8.2%

IPEX INFLECTION POINT ACQU CORP V 0.1%

Value $300K (-34.8%) Shares 29,182 (-35.0%) Est. Cost $10.09 Unrealized +2.1%

GSRFU GSR IV ACQUISITION CORP 0.1%

Value $298K (-30.5%) Shares 28,745 (-31.9%) Est. Cost $10.13 Unrealized —

BACC BLUE ACQUISITION CORP. 0.7%

Value $2.977M (-2.9%) Shares 291,605 (-5.0%) Est. Cost $9.98 Unrealized +1.7%

JENA JENA ACQUISITION CORP II 0.2%

Value $1.021M (-4.2%) Shares 100,440 (-4.4%) Est. Cost $10.14 Unrealized +0.6%

SZZL SIZZLE ACQUISITION CORP. II 0.4%

Value $1.703M (-2.3%) Shares 167,604 (-3.1%) Est. Cost $10.05 Unrealized +1.0%

GIGGW GIGCAPITAL7 CORP 0.0%

Value $125K (-22.3%) Shares 305,185 (-14.8%) Est. Cost $0.07 Unrealized —

— AA MISSION ACQUISITION CORP 0.0%

Value $1,727 (-95.3%) Shares 10,177 (-95.5%) Est. Cost $0.07 Unrealized —

RANGR RANGE CAP ACQUISITION CORP 0.0%

Value $118K (+38.3%) Shares 261,398 (-1.6%) Est. Cost $0.20 Unrealized —

LEGT LEGATO MERGER CORP III 0.3%

Value $1.408M (-2.2%) Shares 129,449 (-3.5%) Est. Cost $10.12 Unrealized +7.1%

XRPNW ARMADA ACQUISITION CORP II 0.0%

Value $22,250 (-53.2%) Shares 25,000 (-50.0%) Est. Cost $0.95 Unrealized —

LPBBW LAUNCH TWO ACQUISITION CORP. 0.0%

Value $15,592 (-61.6%) Shares 49,419 (-54.9%) Est. Cost $0.29 Unrealized —

CUBWW LIONHEART HOLDINGS 0.0%

Value $40,064 (-34.3%) Shares 235,670 (-1.5%) Est. Cost $0.07 Unrealized —

GRAF GRAF GLOBAL CORP 0.5%

Value $2.452M (+0.8%) Shares 227,987 (-1.2%) Est. Cost $10.04 Unrealized +6.2%

BEAG BOLD EAGLE ACQUISITION CORP 0.7%

Value $3.206M (-0.4%) Shares 303,056 (-2.1%) Est. Cost $10.20 Unrealized +4.3%

GRAF/WS GRAF GLOBAL CORP 0.0%

Value $51,998 (+35.3%) Shares 115,041 (-1.2%) Est. Cost $0.13 Unrealized —

BACQR INFLECTION POINT ACQUISITION 0.0%

Value $26,918 (-30.7%) Shares 36,623 (-35.9%) Est. Cost $0.27 Unrealized —

POLEW ANDRETTI ACQUISITION CORP II 0.0%

Value $36,385 (+42.5%) Shares 126,075 (-1.3%) Est. Cost $0.16 Unrealized —

IPEXR INFLECTION POINT ACQU CORP V 0.0%

Value $17,018 (-36.8%) Shares 21,272 (-52.6%) Est. Cost $0.43 Unrealized —

SBXD/WS SILVERBOX CORP IV 0.0%

Value $16,525 (-37.1%) Shares 58,997 (-1.2%) Est. Cost $0.26 Unrealized —

FERA FIFTH ERA ACQUISITION CORP I 0.2%

Value $745K (-1.3%) Shares 72,361 (-2.5%) Est. Cost $10.13 Unrealized +1.9%

FERAR FIFTH ERA ACQUISITION CORP I 0.0%

Value $28,057 (+47.0%) Shares 70,161 (-2.6%) Est. Cost $0.26 Unrealized —

ALDF ALDEL FINL II INC 0.1%

Value $597K (-1.4%) Shares 56,940 (-1.7%) Est. Cost $10.01 Unrealized +4.8%

UCFIW CN HEALTHY FOOD TECH GROUP C 0.0%

Value $14,667 (+122.5%) Shares 60,679 (-7.0%) Est. Cost $0.03 Unrealized —

BLUWW BLUE WTR ACQUISITION CORP. I 0.0%

Value $14,397 (+85.7%) Shares 27,164 (-50.2%) Est. Cost $0.14 Unrealized —

TAVIR TAVIA ACQUISITION CORP 0.0%

Value $27,646 (-14.6%) Shares 120,204 (-27.6%) Est. Cost $0.12 Unrealized —

SZZLR SIZZLE ACQUISITION CORP. II 0.0%

Value $26,833 (-13.8%) Shares 167,704 (-3.1%) Est. Cost $0.19 Unrealized —

ALF CENTURION ACQUISITION CORP 0.8%

Value $3.775M (-0.1%) Shares 354,484 (-1.1%) Est. Cost $10.01 Unrealized +6.0%

ALFUW CENTURION ACQUISITION CORP 0.0%

Value $56,717 (-6.9%) Shares 177,242 (-1.1%) Est. Cost $0.10 Unrealized —

LEGT/WS LEGATO MERGER CORP III 0.0%

Value $26,564 (+13.4%) Shares 64,775 (-3.2%) Est. Cost $0.13 Unrealized —

TBMCR TRAILBLAZER MERGER CORP I 0.0%

Value $18,048 (+20.0%) Shares 74,399 (-1.0%) Est. Cost $0.15 Unrealized —

CCIXW CHURCHILL CAPITAL CORP IX 0.0%

Value $24,630 (+7.2%) Shares 27,837 (-5.5%) Est. Cost $0.36 Unrealized —

IBACR IB ACQUISITION CORP 0.0%

Value $36,049 (-3.3%) Shares 459,807 (-1.4%) Est. Cost $0.07 Unrealized —

YHNAR YHN ACQUISITION I LTD 0.0%

Value $3,951 (-21.4%) Shares 32,901 (-8.4%) Est. Cost $0.13 Unrealized —

ALDFW ALDEL FINL II INC 0.0%

Value $15,659 (+6.0%) Shares 28,470 (-1.7%) Est. Cost $0.30 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ALLIANCEBERNSTEIN NATL MUN I	10,474 (-98.9%)	$113K (-98.9%)	0.0%	$10.95	—	COM	01864U106
—	GENERAL AMERN INVS CO INC	296,960 (-9.4%)	$17.44M (-14.4%)	3.9%	$35.41	—	COM	368802104
CNNE	CANNAE HLDGS INC	456,191 (-13.7%)	$7.176M (-25.9%)	1.6%	$18.35	-8.0%	COM	13765N107
—	MORGAN STANLEY INDIA INVT FD	144,096 (-37.2%)	$3.6M (-40.5%)	0.8%	$28.67	—	COM	61745C105
SVACU	SPRING VY ACQUISITION CORP I	142,939 (-61.1%)	$1.472M (-61.0%)	0.3%	$10.28	—	UNIT 09/04/2030	G8377R127
KOYNU	CSLM DIGITA ASSET ACQ CORP I	25,024 (-90.0%)	$253K (-90.0%)	0.1%	$10.10	—	UNIT 08/12/2030	G2584S135
SPEGU	SILVER PEGASUS ACQUISITION C	41,752 (-82.6%)	$430K (-82.3%)	0.1%	$10.17	—	UNIT 06/26/2030	G8192J128
MKLYU	MCKINLEY ACQUISITION CORP	16,921 (-92.2%)	$171K (-92.1%)	0.0%	$9.99	—	UNIT 07/25/2030	G6005T127
CHAC	CRANE HBR ACQUISITION CORP	58,290 (-76.7%)	$628K (-75.2%)	0.1%	$9.98	+11.6%	CL A	G24979109
GIG	GIGCAPITAL7 CORP	161,306 (-49.5%)	$1.7M (-49.5%)	0.4%	$9.96	+7.0%	ORD SHS CL A	G38648104
HVMCU	HIGHVIEW MERGER CORP	59,302 (-73.0%)	$601K (-73.0%)	0.1%	$10.12	—	UNIT 07/24/2030	G4569C127
EVAC/U	EQV VENTURES AC CORP. II	38,177 (-80.7%)	$386K (-80.5%)	0.1%	$10.01	—	UNIT 06/30/2032	G3106Q110
TLNCU	TALON CAP CORP	15,250 (-91.0%)	$156K (-90.8%)	0.0%	$10.05	—	UNIT 08/27/2030	G86652115
CUB	LIONHEART HOLDINGS	330,645 (-30.6%)	$3.515M (-29.8%)	0.8%	$10.01	+5.9%	SHS CL A	G5501C109
BCARU	D. BORAL ARC ACQ I CORP.	15,190 (-90.1%)	$155K (-89.9%)	0.0%	$10.00	—	UNIT 07/23/2030	G2616F127
—	DESTRA MULTI-ALTERNATIVE FD	127,218 (-54.6%)	$1.141M (-52.8%)	0.3%	$7.47	—	COMMON SHARES	25065A502
RANG	RANGE CAP ACQUISITION CORP	143,580 (-46.0%)	$1.496M (-45.4%)	0.3%	$10.05	+4.3%	ORD SHS	G7375C108
TAVI	TAVIA ACQUISITION CORP	115,051 (-46.8%)	$1.2M (-46.3%)	0.3%	$9.99	+4.2%	SHS	G86880104
MBVIU	M3-BRIGADE ACQUISITION VI CO	15,240 (-86.8%)	$154K (-86.8%)	0.0%	$10.12	—	UNIT 08/18/2030	G63221124
VNMEU	VENDOME ACQUISITION CORP I	26,603 (-79.2%)	$271K (-78.8%)	0.1%	$9.97	—	UNIT 06/20/2030	G9580A125
BCIC	BCP INVESTMENT CORPORATION	378,412 (-17.7%)	$4.477M (-15.6%)	1.0%	$12.93	-7.8%	COM NEW	73688F201
—	ELLSWORTH GROWTH & INCOME FD	267,836 (-14.3%)	$3.115M (-14.1%)	0.7%	$9.35	—	COM	289074106
BACQ	INFLECTION POINT ACQUISITION	17,684 (-69.0%)	$190K (-68.1%)	0.0%	$10.05	+8.2%	SHS CL A	G1169T104
IPEX	INFLECTION POINT ACQU CORP V	29,182 (-35.0%)	$300K (-34.8%)	0.1%	$10.09	+2.1%	ORD SHS CL A	G6001J107
GSRFU	GSR IV ACQUISITION CORP	28,745 (-31.9%)	$298K (-30.5%)	0.1%	$10.13	—	UNIT 08/22/2030	G4R12K123
BACC	BLUE ACQUISITION CORP.	291,605 (-5.0%)	$2.977M (-2.9%)	0.7%	$9.98	+1.7%	ORD SHS CL A	G1331A108
JENA	JENA ACQUISITION CORP II	100,440 (-4.4%)	$1.021M (-4.2%)	0.2%	$10.14	+0.6%	USD CL A ORD SHS	G5093B105
SZZL	SIZZLE ACQUISITION CORP. II	167,604 (-3.1%)	$1.703M (-2.3%)	0.4%	$10.05	+1.0%	USD CL A ORD SHS	G8193F109
GIGGW	GIGCAPITAL7 CORP	305,185 (-14.8%)	$125K (-22.3%)	0.0%	$0.07	—	*W EXP 08/29/202	G38648120
—	AA MISSION ACQUISITION CORP	10,177 (-95.5%)	$1,727 (-95.3%)	0.0%	$0.07	—	*W EXP 08/01/203	G1000R127
RANGR	RANGE CAP ACQUISITION CORP	261,398 (-1.6%)	$118K (+38.3%)	0.0%	$0.20	—	RIGHT 99/99/9999	G7375C116
LEGT	LEGATO MERGER CORP III	129,449 (-3.5%)	$1.408M (-2.2%)	0.3%	$10.12	+7.1%	ORD SHS	G5451A103
XRPNW	ARMADA ACQUISITION CORP II	25,000 (-50.0%)	$22,250 (-53.2%)	0.0%	$0.95	—	*W EXP 05/21/203	G0R38G112
LPBBW	LAUNCH TWO ACQUISITION CORP.	49,419 (-54.9%)	$15,592 (-61.6%)	0.0%	$0.29	—	*W EXP 10/09/202	G5S87A113
CUBWW	LIONHEART HOLDINGS	235,670 (-1.5%)	$40,064 (-34.3%)	0.0%	$0.07	—	*W EXP 06/07/203	G5501C117
GRAF	GRAF GLOBAL CORP	227,987 (-1.2%)	$2.452M (+0.8%)	0.5%	$10.04	+6.2%	ORD SHS CL A	G4036C106
BEAG	BOLD EAGLE ACQUISITION CORP	303,056 (-2.1%)	$3.206M (-0.4%)	0.7%	$10.20	+4.3%	CL A	G2003N105
GRAF/WS	GRAF GLOBAL CORP	115,041 (-1.2%)	$51,998 (+35.3%)	0.0%	$0.13	—	*W EXP 05/31/203	G4036C122
BACQR	INFLECTION POINT ACQUISITION	36,623 (-35.9%)	$26,918 (-30.7%)	0.0%	$0.27	—	RIGHT 11/04/2026	G1169T138
POLEW	ANDRETTI ACQUISITION CORP II	126,075 (-1.3%)	$36,385 (+42.5%)	0.0%	$0.16	—	*W EXP 06/01/203	G26745128
IPEXR	INFLECTION POINT ACQU CORP V	21,272 (-52.6%)	$17,018 (-36.8%)	0.0%	$0.43	—	RIGHT 99/99/9999	G6001J131
SBXD/WS	SILVERBOX CORP IV	58,997 (-1.2%)	$16,525 (-37.1%)	0.0%	$0.26	—	*W EXP 08/19/202	G81354121
FERA	FIFTH ERA ACQUISITION CORP I	72,361 (-2.5%)	$745K (-1.3%)	0.2%	$10.13	+1.9%	ORD SHS CL A	G3415K101
FERAR	FIFTH ERA ACQUISITION CORP I	70,161 (-2.6%)	$28,057 (+47.0%)	0.0%	$0.26	—	RIGHT 02/21/2030	G3415K135
ALDF	ALDEL FINL II INC	56,940 (-1.7%)	$597K (-1.4%)	0.1%	$10.01	+4.8%	CL A	G01558108
UCFIW	CN HEALTHY FOOD TECH GROUP C	60,679 (-7.0%)	$14,667 (+122.5%)	0.0%	$0.03	—	*W EXP 09/30/203	462837113
BLUWW	BLUE WTR ACQUISITION CORP. I	27,164 (-50.2%)	$14,397 (+85.7%)	0.0%	$0.14	—	*W EXP 05/23/203	G1368E114
TAVIR	TAVIA ACQUISITION CORP	120,204 (-27.6%)	$27,646 (-14.6%)	0.0%	$0.12	—	RIGHT 11/26/2029	G86880146
SZZLR	SIZZLE ACQUISITION CORP. II	167,704 (-3.1%)	$26,833 (-13.8%)	0.0%	$0.19	—	RIGHT 04/02/2030	G8193F133
ALF	CENTURION ACQUISITION CORP	354,484 (-1.1%)	$3.775M (-0.1%)	0.8%	$10.01	+6.0%	SHS CL A	G20315100
ALFUW	CENTURION ACQUISITION CORP	177,242 (-1.1%)	$56,717 (-6.9%)	0.0%	$0.10	—	*W EXP 05/31/203	G20315118
LEGT/WS	LEGATO MERGER CORP III	64,775 (-3.2%)	$26,564 (+13.4%)	0.0%	$0.13	—	*W EXP 05/08/203	G5451A111
TBMCR	TRAILBLAZER MERGER CORP I	74,399 (-1.0%)	$18,048 (+20.0%)	0.0%	$0.15	—	RIGHT 04/21/2028	89278D125
CCIXW	CHURCHILL CAPITAL CORP IX	27,837 (-5.5%)	$24,630 (+7.2%)	0.0%	$0.36	—	*W EXP 03/31/203	G21301117
IBACR	IB ACQUISITION CORP	459,807 (-1.4%)	$36,049 (-3.3%)	0.0%	$0.07	—	RIGHT 03/28/2026	44934N116
YHNAR	YHN ACQUISITION I LTD	32,901 (-8.4%)	$3,951 (-21.4%)	0.0%	$0.13	—	RIGHT 08/15/2029	G1514D127
ALDFW	ALDEL FINL II INC	28,470 (-1.7%)	$15,659 (+6.0%)	0.0%	$0.30	—	*W EXP 09/26/203	G01558124

Unchanged Positions (61)

CION CION INVT CORP 3.3%

Value $14.87M Shares 1,538,071 Est. Cost $7.72 Unrealized +19.4%

PBBK PB BANKSHARES INC 0.5%

Value $2.326M Shares 110,000 Est. Cost $18.51 Unrealized +10.6%

— GABELLI DIVID & INCOME TR 1.9%

Value $8.347M Shares 300,586 Est. Cost $23.10 Unrealized —

OFS OFS CAP CORP 0.1%

Value $274K Shares 57,639 Est. Cost $8.31 Unrealized -30.6%

TRC TEJON RANCH CO 2.8%

Value $12.48M Shares 791,492 Est. Cost $16.36 Unrealized -2.5%

— JAPAN SMALLER CAPITALIZATION 0.5%

Value $2.409M Shares 217,441 Est. Cost $10.22 Unrealized —

MBAVW M3BRIGADE ACQUISITION V CORP 0.0%

Value $121K Shares 170,958 Est. Cost $0.16 Unrealized —

SPAQ LISTED FDS TR 0.1%

Value $447K Shares 4,933 Est. Cost $98.41 Unrealized —

PFX PHENIXFIN CORP 0.2%

Value $849K Shares 19,218 Est. Cost $46.53 Unrealized -5.1%

GYRO GYRODYNE LLC 0.1%

Value $541K Shares 60,000 Est. Cost $9.66 Unrealized -0.2%

— MEXICO EQUITY & INCOME FD 0.3%

Value $1.252M Shares 101,158 Est. Cost $8.92 Unrealized —

— GDL FD 0.8%

Value $3.472M Shares 409,922 Est. Cost $8.25 Unrealized —

SIMAW SIM ACQUISITION CORP. I 0.0%

Value $44,883 Shares 208,373 Est. Cost $0.10 Unrealized —

HHH HOWARD HUGHES HOLDINGS INC 0.2%

Value $957K Shares 12,000 Est. Cost $75.45 Unrealized +9.8%

DRDB ROMAN DBDR ACQUISITION CORP 1.6%

Value $7.096M Shares 680,373 Est. Cost $10.02 Unrealized +4.0%

ETHM DYNAMIX CORP 0.3%

Value $1.341M Shares 130,348 Est. Cost $9.85 Unrealized +5.3%

TACH TITAN ACQUISITION CORP 0.3%

Value $1.538M Shares 150,000 Est. Cost $10.12 Unrealized +1.1%

XRPN ARMADA ACQUISITION CORP II 0.2%

Value $1.024M Shares 100,000 Est. Cost $10.19 Unrealized +0.8%

FSHPR FLAG SHIP ACQUISITION CORP 0.0%

Value $52,250 Shares 275,000 Est. Cost $0.11 Unrealized —

NHIC NEWHOLD INVT CORP III 0.2%

Value $1.036M Shares 100,000 Est. Cost $10.06 Unrealized +2.5%

DRDBW ROMAN DBDR ACQUISITION CORP 0.0%

Value $193K Shares 339,377 Est. Cost $0.37 Unrealized —

CHPG CHAMPIONSGATE ACQUISITION CO 0.2%

Value $1.019M Shares 100,000 Est. Cost $10.03 Unrealized +1.1%

CAPNR CAYSON ACQUISITION CORP 0.0%

Value $44,460 Shares 195,000 Est. Cost $0.12 Unrealized —

DMAA DRUGS MADE IN AMER ACQUTN CO 0.3%

Value $1.351M Shares 130,264 Est. Cost $10.18 Unrealized +1.5%

JACS JACKSON ACQUISITION CO II 1.0%

Value $4.274M Shares 410,138 Est. Cost $10.04 Unrealized +3.8%

CRAQR CAL REDWOOD ACQUISITION CORP 0.0%

Value $32,380 Shares 100,000 Est. Cost $0.22 Unrealized —

TACOW BERTO ACQUISITION CORP 0.0%

Value $12,793 Shares 34,577 Est. Cost $0.67 Unrealized —

SIMA SIM ACQUISITION CORP. I 1.0%

Value $4.391M Shares 414,660 Est. Cost $10.08 Unrealized +4.7%

CRAQ CAL REDWOOD ACQUISITION CORP 0.2%

Value $1.01M Shares 100,000 Est. Cost $9.99 Unrealized +1.0%

FACTW FACT II ACQUISITION CORP 0.0%

Value $45,527 Shares 130,041 Est. Cost $0.21 Unrealized —

PELI PELICAN ACQUISITION CORP 0.2%

Value $1.015M Shares 100,000 Est. Cost $9.99 Unrealized +1.4%

COPL COPLEY ACQUISITION CORP 0.2%

Value $1.02M Shares 100,000 Est. Cost $10.03 Unrealized +1.6%

FCRS/U FUTURECREST ACQUISITION CORP 0.1%

Value $256K Shares 25,000 Est. Cost $10.60 Unrealized —

— MFS HIGH INCOME MUN TR 0.4%

Value $1.664M Shares 449,633 Est. Cost $3.64 Unrealized —

— BANCROFT FD LTD 0.2%

Value $872K Shares 39,448 Est. Cost $21.88 Unrealized —

EURKR EUREKA ACQUISITION CORP 0.0%

Value $19,380 Shares 51,000 Est. Cost $0.15 Unrealized —

IPODW DUNE ACQUISITION CORP II 0.0%

Value $46,604 Shares 189,676 Est. Cost $0.19 Unrealized —

CCIX CHURCHILL CAPITAL CORP IX 0.1%

Value $444K Shares 41,730 Est. Cost $10.02 Unrealized +6.3%

EGHA EGH ACQUISITION CORP. 0.1%

Value $507K Shares 50,000 Est. Cost $10.02 Unrealized +0.9%

SOUL-R SOULPOWER ACQUISITION CORP 0.0%

Value $59,621 Shares 333,950 Est. Cost $0.17 Unrealized —

BEAGR BOLD EAGLE ACQUISITION CORP 0.0%

Value $32,000 Shares 100,000 Est. Cost $0.23 Unrealized —

LPAAW LAUNCH ONE ACQUISITION CORP 0.0%

Value $63,450 Shares 253,799 Est. Cost $0.14 Unrealized —

— HIGHLAND OPPS & INCOME FD 0.0%

Value $64,076 Shares 10,715 Est. Cost $9.36 Unrealized —

DMAAR DRUGS MADE IN AMER ACQUTN CO 0.0%

Value $24,398 Shares 130,264 Est. Cost $0.16 Unrealized —

VACHW VOYAGER ACQUISITION CORP 0.0%

Value $36,296 Shares 195,142 Est. Cost $0.12 Unrealized —

BDCIU BTC DEV CORP 0.2%

Value $711K Shares 70,154 Est. Cost $10.10 Unrealized —

FTW/WS EQV VENTURES ACQUISITION COR 0.0%

Value $64,365 Shares 134,066 Est. Cost $0.36 Unrealized —

IPOD DUNE ACQUISITION CORP II 0.6%

Value $2.577M Shares 252,905 Est. Cost $10.04 Unrealized +1.3%

— HIGH INCOME SECS FD 0.0%

Value $65,836 Shares 10,705 Est. Cost $6.35 Unrealized —

CHPGR CHAMPIONSGATE ACQUISITION CO 0.0%

Value $15,020 Shares 100,000 Est. Cost $0.13 Unrealized —

EGHAR EGH ACQUISITION CORP. 0.0%

Value $12,500 Shares 50,000 Est. Cost $0.21 Unrealized —

AXIN AXIOM INTELLIGENCE AC CORP 1 0.0%

Value $181K Shares 18,000 Est. Cost $9.97 Unrealized +0.8%

WENNW WEN ACQUISITION CORP 0.0%

Value $22,190 Shares 35,000 Est. Cost $0.58 Unrealized —

OTGAU OTG ACQUISITION CORP. I 0.0%

Value $155K Shares 15,250 Est. Cost $10.07 Unrealized —

JACS-R JACKSON ACQUISITION CO II 0.0%

Value $35,501 Shares 147,921 Est. Cost $0.24 Unrealized —

COPL/WS COPLEY ACQUISITION CORP 0.0%

Value $8,565 Shares 50,000 Est. Cost $0.17 Unrealized —

TACHW TITAN ACQUISITION CORP 0.0%

Value $23,625 Shares 75,000 Est. Cost $0.30 Unrealized —

PELIR PELICAN ACQUISITION CORP 0.0%

Value $23,000 Shares 100,000 Est. Cost $0.19 Unrealized —

OACC OAKTREE ACQUISITION CORP III 0.0%

Value $143K Shares 13,500 Est. Cost $10.04 Unrealized +5.4%

BLZRU TRAILBLAZER ACQUISITION CORP 0.0%

Value $103K Shares 10,000 Est. Cost $10.22 Unrealized —

NHICW NEWHOLD INVT CORP III 0.0%

Value $18,005 Shares 50,000 Est. Cost $0.32 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CION	CION INVT CORP	1,538,071	$14.87M	3.3%	$7.72	+19.4%	COM	17259U204
PBBK	PB BANKSHARES INC	110,000	$2.326M	0.5%	$18.51	+10.6%	COM	69318V103
—	GABELLI DIVID & INCOME TR	300,586	$8.347M	1.9%	$23.10	—	COM	36242H104
OFS	OFS CAP CORP	57,639	$274K	0.1%	$8.31	-30.6%	COM	67103B100
TRC	TEJON RANCH CO	791,492	$12.48M	2.8%	$16.36	-2.5%	COM	879080109
—	JAPAN SMALLER CAPITALIZATION	217,441	$2.409M	0.5%	$10.22	—	COM	47109U104
MBAVW	M3BRIGADE ACQUISITION V CORP	170,958	$121K	0.0%	$0.16	—	*W EXP 99/99/999	G63212115
SPAQ	LISTED FDS TR	4,933	$447K	0.1%	$98.41	—	HORZN KNTCS SPAC	53656G555
PFX	PHENIXFIN CORP	19,218	$849K	0.2%	$46.53	-5.1%	COM	71742W103
GYRO	GYRODYNE LLC	60,000	$541K	0.1%	$9.66	-0.2%	COM	403829104
—	MEXICO EQUITY & INCOME FD	101,158	$1.252M	0.3%	$8.92	—	COM	592834105
—	GDL FD	409,922	$3.472M	0.8%	$8.25	—	COM SH BEN IT	361570104
SIMAW	SIM ACQUISITION CORP. I	208,373	$44,883	0.0%	$0.10	—	*W EXP 06/01/203	G8431T119
HHH	HOWARD HUGHES HOLDINGS INC	12,000	$957K	0.2%	$75.45	+9.8%	COM	44267T102
DRDB	ROMAN DBDR ACQUISITION CORP	680,373	$7.096M	1.6%	$10.02	+4.0%	ORD SHS CL A	G7633M104
ETHM	DYNAMIX CORP	130,348	$1.341M	0.3%	$9.85	+5.3%	SHS CL A	G2949D104
TACH	TITAN ACQUISITION CORP	150,000	$1.538M	0.3%	$10.12	+1.1%	CL A	G8901A103
XRPN	ARMADA ACQUISITION CORP II	100,000	$1.024M	0.2%	$10.19	+0.8%	COM CL A	G0R38G104
FSHPR	FLAG SHIP ACQUISITION CORP	275,000	$52,250	0.0%	$0.11	—	RIGHT 03/31/2026	G3530C117
NHIC	NEWHOLD INVT CORP III	100,000	$1.036M	0.2%	$10.06	+2.5%	ORD SHS CL A	G6486E102
DRDBW	ROMAN DBDR ACQUISITION CORP	339,377	$193K	0.0%	$0.37	—	*W EXP 10/31/203	G7633M112
CHPG	CHAMPIONSGATE ACQUISITION CO	100,000	$1.019M	0.2%	$10.03	+1.1%	SHS CL A	G2124S108
CAPNR	CAYSON ACQUISITION CORP	195,000	$44,460	0.0%	$0.12	—	RIGHT 99/99/9999	G1993W117
DMAA	DRUGS MADE IN AMER ACQUTN CO	130,264	$1.351M	0.3%	$10.18	+1.5%	ORD SHS	G2847J104
JACS	JACKSON ACQUISITION CO II	410,138	$4.274M	1.0%	$10.04	+3.8%	COM SHS CL A	G4992A110
CRAQR	CAL REDWOOD ACQUISITION CORP	100,000	$32,380	0.0%	$0.22	—	RIGHT 05/15/2030	G17564116
TACOW	BERTO ACQUISITION CORP	34,577	$12,793	0.0%	$0.67	—	*W EXP 05/01/203	G1051H119
SIMA	SIM ACQUISITION CORP. I	414,660	$4.391M	1.0%	$10.08	+4.7%	SHS CL A	G8431T101
CRAQ	CAL REDWOOD ACQUISITION CORP	100,000	$1.01M	0.2%	$9.99	+1.0%	COM CL A	G17564108
FACTW	FACT II ACQUISITION CORP	130,041	$45,527	0.0%	$0.21	—	*W EXP 11/26/203	G32901129
PELI	PELICAN ACQUISITION CORP	100,000	$1.015M	0.2%	$9.99	+1.4%	SHS	G6993G103
COPL	COPLEY ACQUISITION CORP	100,000	$1.02M	0.2%	$10.03	+1.6%	ORD SHS CL A	G24243100
FCRS/U	FUTURECREST ACQUISITION CORP	25,000	$256K	0.1%	$10.60	—	UNIT 99/99/9999	G3730U123
—	MFS HIGH INCOME MUN TR	449,633	$1.664M	0.4%	$3.64	—	SH BEN INT	59318D104
—	BANCROFT FD LTD	39,448	$872K	0.2%	$21.88	—	COM	059695106
EURKR	EUREKA ACQUISITION CORP	51,000	$19,380	0.0%	$0.15	—	RIGHT 07/03/2026	G32168125
IPODW	DUNE ACQUISITION CORP II	189,676	$46,604	0.0%	$0.19	—	*W EXP 04/04/203	G2867S117
CCIX	CHURCHILL CAPITAL CORP IX	41,730	$444K	0.1%	$10.02	+6.3%	CL A SHS	G21301109
EGHA	EGH ACQUISITION CORP.	50,000	$507K	0.1%	$10.02	+0.9%	SHS CL A	G2946P100
SOUL-R	SOULPOWER ACQUISITION CORP	333,950	$59,621	0.0%	$0.17	—	RIGHT 99/99/9999	G82745137
BEAGR	BOLD EAGLE ACQUISITION CORP	100,000	$32,000	0.0%	$0.23	—	RIGHT 10/11/2029	G2003N121
LPAAW	LAUNCH ONE ACQUISITION CORP	253,799	$63,450	0.0%	$0.14	—	*W EXP 06/01/203	G5S86M126
—	HIGHLAND OPPS & INCOME FD	10,715	$64,076	0.0%	$9.36	—	HIGHLAND INCOME	43010E404
DMAAR	DRUGS MADE IN AMER ACQUTN CO	130,264	$24,398	0.0%	$0.16	—	RIGHT 10/15/2029	G2847J112
VACHW	VOYAGER ACQUISITION CORP	195,142	$36,296	0.0%	$0.12	—	*W EXP 05/16/203	G93A7H112
BDCIU	BTC DEV CORP	70,154	$711K	0.2%	$10.10	—	UNIT 09/11/2030	G0701G125
FTW/WS	EQV VENTURES ACQUISITION COR	134,066	$64,365	0.0%	$0.36	—	*W EXP 07/01/203	G3106N117
IPOD	DUNE ACQUISITION CORP II	252,905	$2.577M	0.6%	$10.04	+1.3%	SHS CL A	G2867S109
—	HIGH INCOME SECS FD	10,705	$65,836	0.0%	$6.35	—	SHS BEN INT	42968F108
CHPGR	CHAMPIONSGATE ACQUISITION CO	100,000	$15,020	0.0%	$0.13	—	RIGHT 05/14/2030	G2124S116
EGHAR	EGH ACQUISITION CORP.	50,000	$12,500	0.0%	$0.21	—	RIGHT 99/99/9999	G2946P118
AXIN	AXIOM INTELLIGENCE AC CORP 1	18,000	$181K	0.0%	$9.97	+0.8%	ORD SHS CL A	G0750N104
WENNW	WEN ACQUISITION CORP	35,000	$22,190	0.0%	$0.58	—	*W EXP 99/99/999	G9R39C111
OTGAU	OTG ACQUISITION CORP. I	15,250	$155K	0.0%	$10.07	—	UNIT 09/05/2030	G6791A126
JACS-R	JACKSON ACQUISITION CO II	147,921	$35,501	0.0%	$0.24	—	RIGHT 99/99/9999	G4992A136
COPL/WS	COPLEY ACQUISITION CORP	50,000	$8,565	0.0%	$0.17	—	*W EXP 99/99/999	G24243126
TACHW	TITAN ACQUISITION CORP	75,000	$23,625	0.0%	$0.30	—	*W EXP 05/16/203	G8901A111
PELIR	PELICAN ACQUISITION CORP	100,000	$23,000	0.0%	$0.19	—	RIGHT 05/02/2030	G6993G111
OACC	OAKTREE ACQUISITION CORP III	13,500	$143K	0.0%	$10.04	+5.4%	SHS CL A	G6717R104
BLZRU	TRAILBLAZER ACQUISITION CORP	10,000	$103K	0.0%	$10.22	—	UNIT 08/21/2030	G9009S129
NHICW	NEWHOLD INVT CORP III	50,000	$18,005	0.0%	$0.32	—	*W EXP 01/30/203	G6486E110