Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ALTABA INC	741,020	$40.37M	12.0%	$54.48	—	COM	021346101
—	TIME WARNER INC	276,146	$27.73M	8.3%	$98.62	—	COM NEW	887317303
—	ALLIED WRLD ASSUR COM HLDG A	423,540	$22.41M	6.7%	$53.07	—	SHS	H01531104
—	BARD C R INC	65,000	$20.55M	6.1%	$316.11	—	COM	067383109
—	DOW CHEM CO	220,088	$13.88M	4.1%	$63.07	—	COM	260543103
—	REYNOLDS AMERICAN INC	166,393	$10.82M	3.2%	$63.02	—	COM	761713106
NXPI	NXP SEMICONDUCTORS N V	89,710	$9.819M	2.9%	$91.64	+3.9%	COM	N6596X109
—	MOBILEYE N V AMSTELVEEN	148,100	$9.301M	2.8%	$62.26	—	ORD SHS	N51488117
—	LEVEL 3 COMMUNICATIONS INC	155,999	$9.251M	2.8%	$59.30	—	COM NEW	52729N308
L	LOEWS CORP	185,300	$8.674M	2.6%	$44.92	+0.3%	COM	540424108
—	HARMONY MERGER CORP	778,000	$8.038M	2.4%	$10.16	—	COM	413247107
—	JPMORGAN CHINA REGION FD INC	385,430	$7.736M	2.3%	$19.02	—	COM	48126T104
—	VTTI ENERGY PARTNERS LP	365,413	$7.18M	2.1%	$19.65	—	COM UNIT RP LT	Y9384M101
—	SAFEGUARD SCIENTIFICS INC	475,138	$5.654M	1.7%	$18.08	—	COM NEW	786449207
—	BOULEVARD ACQUISITION	557,819	$5.589M	1.7%	$10.01	—	CL A	10157Q102
NXDT	NEXPOINT CR STRATEGIES FD	228,469	$4.976M	1.5%	$21.78	—	COM NEW	65340G205
—	VCA INC	53,674	$4.955M	1.5%	$91.55	—	COM	918194101
—	DOUBLE EAGLE ACQUISITION COR	444,000	$4.724M	1.4%	$10.14	—	UNIT 99/99/9999	G28195108
—	PACIFIC CONTINENTAL CORP	174,614	$4.461M	1.3%	$24.50	—	COM	69412V108
—	ANCHOR BANCORP WA	165,826	$4.154M	1.2%	$25.05	—	COM	032838104
—	KBL MERGER CORP IV	400,000	$4.08M	1.2%	$10.20	—	UNIT 01/15/2024	48242A203
—	WESTAR ENERGY INC	74,652	$3.958M	1.2%	$56.34	—	COM	95709T100
—	NEW YORK REIT INC	437,624	$3.781M	1.1%	$9.07	—	COM	64976L109
—	KOREA EQUITY FD INC	525,426	$3.699M	1.1%	$7.43	—	COM	50063B104
—	MODERN MEDIA ACQUISITION	360,000	$3.517M	1.0%	$9.77	—	COM	60765P103
—	TRIBUNE MEDIA CO	80,667	$3.289M	1.0%	$39.37	—	CL A	896047503
—	ORIGO ACQUISITION CORP	309,070	$3.214M	1.0%	$10.40	—	SHS	G67789126
—	DU PONT E I DE NEMOURS & CO	39,800	$3.212M	1.0%	$80.30	—	Call	263534109
—	DIGITALGLOBE INC	94,984	$3.163M	0.9%	$33.02	—	COM NEW	25389M877
—	MONSANTO CO NEW	25,000	$2.959M	0.9%	$116.30	—	COM	61166W101
—	CABELAS INC	48,900	$2.906M	0.9%	$58.55	—	COM	126804301
—	ALERE INC	57,297	$2.876M	0.9%	$50.19	—	COM	01449J105
—	BARINGTON HILCO ACQUISITION	274,740	$2.802M	0.8%	$10.16	—	COM	06759V101
—	SOUTHWEST BANCORP INC OKLA	101,867	$2.603M	0.8%	$25.89	—	COM	844767103
—	PACIFIC SPL ACQUISITION CORP	250,000	$2.556M	0.8%	$10.22	—	SHS	G68588105
—	TURKISH INVT FD INC	260,264	$2.509M	0.7%	$9.55	—	COM	900145103
—	FORUM MERGER CORP	234,000	$2.384M	0.7%	$10.19	—	UNIT 06/01/2024	34985B202
—	DISCOVERY COMMUNICATNS NEW	90,091	$2.327M	0.7%	$26.95	—	COM SER A	25470F104
—	ELECTRUM SPL ACQUISITION COR	229,645	$2.317M	0.7%	$9.84	—	SHS	G3105C104
—	GENERAL COMMUNICATION INC	61,105	$2.239M	0.7%	$36.64	—	CL A	369385109
—	ANDINA ACQUISITION CORP II	187,500	$2.033M	0.6%	$9.92	—	UNIT 99/99/9999	G0441P112
—	CORNERSTONE STRATEGIC VALUE	115,577	$1.835M	0.5%	$15.17	—	COM	21924B302
—	VIACOM INC NEW	53,542	$1.797M	0.5%	$34.54	—	CL B	92553P201
—	BROCADE COMMUNICATIONS SYS I	137,759	$1.737M	0.5%	$12.49	—	COM NEW	111621306
—	FAIRPOINT COMMUNICATIONS INC	101,591	$1.59M	0.5%	$16.14	—	COM NEW	305560302
—	AVISTA HEALTHCARE PUB ACQ CO	150,000	$1.548M	0.5%	$10.13	—	UNIT 99/99/9999	G0726L109
—	CONSTELLATION ALPHA CAPITAL	150,000	$1.521M	0.5%	$10.14	—	UNIT 99/99/9999	G2379F124
COTY	COTY INC	77,394	$1.452M	0.4%	$18.17	-9.0%	COM CL A	222070203
—	PACHOLDER HIGH YIELD FD INC	181,797	$1.447M	0.4%	$7.89	—	COM	693742108
—	WEST CORP	58,141	$1.356M	0.4%	$23.32	—	COM	952355204
—	CLUBCORP HLDGS INC	102,702	$1.345M	0.4%	$15.32	—	COM	18948M108
—	STONEGATE BK FT LAUDERDALE F	28,564	$1.319M	0.4%	$46.18	—	COM	861811107
—	RITE AID CORP	441,046	$1.301M	0.4%	$7.89	—	COM	767754104
—	FORESTAR GROUP INC	73,150	$1.255M	0.4%	$17.16	—	COM	346233109
—	DELL TECHNOLOGIES INC	17,539	$1.072M	0.3%	$47.81	—	COM CL V	24703L103
—	BISON CAP ACQUISITION CORP	100,000	$1.02M	0.3%	$10.20	—	UNIT 99/99/9999T	G1142P120
—	ADVENT CLAYMORE ENH GRW & IN	115,555	$1.011M	0.3%	$8.69	—	COM	00765E104
—	DELAWARE INVTS DIV & INCOME	91,138	$953K	0.3%	$10.34	—	COM	245915103
—	SCICLONE PHARMACEUTICALS INC	85,500	$941K	0.3%	$11.01	—	COM	80862K104
—	XCERRA CORP	95,919	$937K	0.3%	$9.77	—	COM	98400J108
—	ASB BANCORP INC N C	21,300	$936K	0.3%	$43.94	—	COM	00213T109
—	REAVES UTIL INCOME FD	25,000	$859K	0.3%	$30.77	—	COM SH BEN INT	756158101
—	FINTECH ACQUISITION CORP II	81,200	$844K	0.3%	$10.20	—	UNIT 99/99/9999	31810G208
—	HARMONY MERGER CORP	75,000	$837K	0.2%	$10.00	—	UNIT 99/99/9999	413247206
—	GABELLI EQUITY TR INC	128,466	$794K	0.2%	$6.40	—	COM	362397101
LBTYAUSD	LIBERTY GLOBAL PLC	24,325	$781K	0.2%	$30.91	—	SHS CL A	G5480U104
—	ALLERGAN PLC	3,185	$774K	0.2%	$268.04	—	SHS	G0177J108
—	NORSAT INTL INC NEW	65,191	$743K	0.2%	$10.00	—	COM NEW	656512209
BKD	BROOKDALE SR LIVING INC	46,900	$690K	0.2%	$13.82	0.0%	COM	112463104
—	NEUSTAR INC	20,000	$667K	0.2%	$33.35	—	CL A	64126X201
—	LIBERTY GLOBAL PLC	29,306	$638K	0.2%	$22.24	—	LILAC SHS CL A	G5480U138
—	CLOUGH GLOBAL EQUITY FD	49,630	$626K	0.2%	$12.63	—	COM	18914C100
—	ROYAL BANCSHARES PA INC	146,532	$620K	0.2%	$4.23	—	CL A	780081105
PFLT	PENNANTPARK FLOATING RATE CA	42,557	$600K	0.2%	$4.61	+22.0%	COM	70806A106
—	DEUTSCHE GLOBAL HIGH INCOME	67,712	$590K	0.2%	$8.71	—	COM	25158V108
—	GAS NAT INC	44,680	$577K	0.2%	$12.56	—	COM	367204104
OFS	OFS CAP CORP	38,528	$551K	0.2%	$14.52	-2.1%	COM	67103B100
—	DOMINION DIAMOND CORP	36,569	$459K	0.1%	$12.55	—	COM	257287102
—	LIBERTY ALL STAR EQUITY FD	72,538	$411K	0.1%	$5.87	—	SH BEN INT	530158104
—	NOVELION THERAPEUTICS INC	36,428	$336K	0.1%	$10.73	—	COM NEW	67001K202
HPE	HEWLETT PACKARD ENTERPRISE C	20,000	$332K	0.1%	$10.32	+3.9%	COM	42824C109
ASH	ASHLAND GLOBAL HLDGS INC	4,900	$323K	0.1%	$55.24	0.0%	COM	044186104
—	MERRIMACK PHARMACEUTICALS IN	250,800	$311K	0.1%	$3.08	—	COM	590328100
—	DIVIDEND & INCOME FUND	21,188	$262K	0.1%	$11.02	—	COM NEW	25538A204
VVV	VALVOLINE INC	10,660	$253K	0.1%	$23.16	0.0%	COM	92047W101
SVVC	FIRSTHAND TECH VALUE FD INC	24,839	$208K	0.1%	$20.14	-58.6%	COM	33766Y100
—	SYMANTEC CORP	7,082	$200K	0.1%	$30.64	—	COM	871503108
—	A H BELO CORP	35,942	$198K	0.1%	$6.97	—	COM CL A	001282102
—	ALLIANCE HEALTHCARE SRVCS IN	13,780	$183K	0.1%	$13.28	—	COM PAR	018606301
—	DEPOMED INC	15,100	$162K	0.0%	$12.58	—	COM	249908104
TGNA	TEGNA INC	10,000	$144K	0.0%	$15.37	0.0%	COM	87901J105
—	VIDEOCON D2H LTD	14,125	$138K	0.0%	$12.61	—	ADR	92657J101
ARQ	ADVANCED EMISSIONS SOLUTS IN	14,240	$130K	0.0%	$7.11	0.0%	COM	00770C101
—	MODERN MEDIA ACQUISITION	324,000	$123K	0.0%	$0.38	—	RIGHT 99/99/9999	60765P129
—	MODUSLINK GLOBAL SOLUTIONS I	69,804	$119K	0.0%	$3.84	—	COM NEW	60786L206
—	REALNETWORKS INC	26,522	$115K	0.0%	$7.55	—	COM NEW	75605L708
—	BOULEVARD ACQUISITION	124,450	$89,000	0.0%	$0.72	—	*W EXP 09/25/202	10157Q110
—	MODERN MEDIA ACQUISITION	180,000	$65,000	0.0%	$0.36	—	*W EXP 05/17/202	60765P111
—	RENTECH INC	131,249	$59,000	0.0%	$4.31	—	COM NEW	760112201
—	SANOFI	155,177	$59,000	0.0%	$0.34	—	RIGHT 12/31/2020	80105N113
—	WRIGHT MED GROUP N V	38,308	$57,000	0.0%	$1.02	—	RIGHT 03/01/2019	N96617126
LUNA	LUNA INNOVATIONS	34,483	$52,000	0.0%	$1.53	+0.6%	COM	550351100
—	ENDOCYTE INC	14,200	$21,000	0.0%	$6.62	—	COM	29269A102
—	TRANS WORLD ENTMT CORP	10,400	$17,000	0.0%	$3.85	—	COM	89336Q100
—	AXAR ACQUISITION CORP	142,500	$11,000	0.0%	$0.08	—	*W EXP 12/31/202	05455L110
—	SAMSON OIL & GAS LTD	14,119	$7,000	0.0%	$1.42	—	SPON ADR NEW	796043206