Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ALTABA INC	618,101	$40.94M	13.6%	$54.48	—	COM	021346101
—	TIME WARNER INC	306,146	$31.36M	10.4%	$99.00	—	COM NEW	887317303
—	BARD C R INC	68,350	$21.91M	7.3%	$316.32	—	COM	067383109
—	CORNERSTONE STRATEGIC VALUE	992,811	$14.7M	4.9%	$14.85	—	COM	21924B302
—	CORNERSTONE TOTAL RTRN FD IN	798,667	$11.68M	3.9%	$14.63	—	COM	21924U300
NXPI	NXP SEMICONDUCTORS N V	89,710	$10.14M	3.4%	$91.64	+8.2%	COM	N6596X109
—	LEVEL 3 COMMUNICATIONS INC	156,040	$8.315M	2.8%	$59.30	—	COM NEW	52729N308
L	LOEWS CORP	152,300	$7.289M	2.4%	$44.92	+2.1%	COM	540424108
—	SAFEGUARD SCIENTIFICS INC	464,436	$6.2M	2.1%	$18.08	—	COM NEW	786449207
—	PENSARE ACQUISITION CORP	600,000	$5.805M	1.9%	$9.68	—	COM	70957E105
—	BOULEVARD ACQUISITION	557,819	$5.578M	1.9%	$10.01	—	CL A	10157Q102
—	NEW YORK REIT INC	686,976	$5.393M	1.8%	$8.63	—	COM	64976L109
—	INDUSTREA ACQUISITION CORP	500,000	$5.055M	1.7%	$10.11	—	UNIT 07/21/2024	45579J203
HOMB	HOME BANCSHARES INC	192,641	$4.858M	1.6%	$24.02	0.0%	COM	436893200
—	PACIFIC CONTINENTAL CORP	174,614	$4.706M	1.6%	$24.50	—	COM	69412V108
—	DIGITALGLOBE INC	130,725	$4.608M	1.5%	$33.63	—	COM NEW	25389M877
—	ANCHOR BANCORP WA	185,813	$4.599M	1.5%	$25.02	—	COM	032838104
—	TRIBUNE MEDIA CO	110,667	$4.522M	1.5%	$39.77	—	CL A	896047503
—	DOUBLE EAGLE ACQUISITION COR	444,000	$4.484M	1.5%	$10.10	—	COM	G28195124
—	SOUTHWEST BANCORP INC OKLA	150,983	$4.16M	1.4%	$26.43	—	COM	844767103
—	MONSANTO CO NEW	32,783	$3.928M	1.3%	$117.13	—	COM	61166W101
—	KBL MERGER CORP IV	400,000	$3.888M	1.3%	$9.72	—	COM	48242A104
—	WESTAR ENERGY INC	74,652	$3.703M	1.2%	$56.34	—	COM	95709T100
—	MODERN MEDIA ACQUISITION	360,000	$3.519M	1.2%	$9.77	—	COM	60765P103
—	BROCADE COMMUNICATIONS SYS I	285,528	$3.412M	1.1%	$12.21	—	COM NEW	111621306
—	CAPITAL BK FINL CORP	82,414	$3.383M	1.1%	$41.05	—	CL A COM	139794101
—	VIACOM INC NEW	113,970	$3.173M	1.1%	$30.99	—	CL B	92553P201
—	BARINGTON HILCO ACQUISITION	274,740	$2.844M	0.9%	$10.16	—	COM	06759V101
—	DOWDUPONT INC	39,800	$2.755M	0.9%	—	—	Call	26078J100
—	IAC INTERACTIVECORP	22,136	$2.603M	0.9%	$117.59	—	COM	44919P508
—	WEST CORP	108,141	$2.538M	0.8%	$23.39	—	COM	952355204
—	CLOUGH GLOBAL OPPORTUNITIES	226,798	$2.531M	0.8%	$11.16	—	SH BEN INT	18914E106
—	ELECTRUM SPL ACQUISITION COR	229,645	$2.354M	0.8%	$9.84	—	SHS	G3105C104
—	TURKISH INVT FD INC	249,714	$2.341M	0.8%	$9.55	—	COM	900145103
—	FORUM MERGER CORP	234,000	$2.276M	0.8%	$9.73	—	COM CL A	34985B103
—	CALPINE CORP	135,300	$1.996M	0.7%	$14.75	—	COM NEW	131347304
—	ANDINA ACQUISITION CORP II	187,500	$1.905M	0.6%	$10.16	—	SHS	G0441P104
BKD	BROOKDALE SR LIVING INC	179,500	$1.903M	0.6%	$12.96	-2.4%	COM	112463104
—	DRAPER OAKWOOD TECHNOLOGY	180,000	$1.84M	0.6%	$10.22	—	UNIT 09/30/2024	26146L202
—	ADVISORY BRD CO	33,800	$1.813M	0.6%	$53.64	—	COM	00762W107
—	VWR CORP	53,252	$1.763M	0.6%	$33.11	—	COM	91843L103
—	LIBERTY GLOBAL PLC	71,197	$1.692M	0.6%	$23.14	—	LILAC SHS CL A	G5480U138
—	GENERAL COMMUNICATION INC	40,284	$1.643M	0.5%	$36.64	—	CL A	369385109
—	ASB BANCORP INC N C	33,312	$1.625M	0.5%	$45.69	—	COM	00213T109
—	CONSTELLATION ALPHA CAP CORP	150,000	$1.54M	0.5%	$10.14	—	UNIT 99/99/9999	G2379F124
LBTYAUSD	LIBERTY GLOBAL PLC	45,147	$1.531M	0.5%	$32.29	—	SHS CL A	G5480U104
—	AVISTA HEALTHCARE PUB ACQ CO	150,000	$1.5M	0.5%	$10.00	—	CL A	G0726L125
FOR	FORESTAR GROUP INC	85,050	$1.463M	0.5%	$17.19	0.0%	COM	346232101
—	ALERE INC	28,197	$1.438M	0.5%	$50.19	—	COM	01449J105
—	DELL TECHNOLOGIES INC	17,539	$1.354M	0.5%	$47.81	—	COM CL V	24703L103
—	ROCKWELL COLLINS INC	10,000	$1.307M	0.4%	$130.70	—	COM	774341101
COTY	COTY INC	72,394	$1.197M	0.4%	$18.17	-10.5%	COM CL A	222070203
—	RICE ENERGY INC	40,000	$1.158M	0.4%	$28.95	—	COM	762760106
—	RITE AID CORP	537,946	$1.054M	0.4%	$6.82	—	COM	767754104
—	QIWI PLC	61,000	$1.033M	0.3%	$16.93	—	SPON ADR REP B	74735M108
—	DISCOVERY COMMUNICATNS NEW	48,333	$1.029M	0.3%	$26.95	—	COM SER A	25470F104
—	BISON CAP ACQUISITION CORP	100,000	$1.027M	0.3%	$10.20	—	UNIT 99/99/9999T	G1142P120
NXDT	NEXPOINT CR STRATEGIES FD	43,463	$1.002M	0.3%	$21.78	—	COM NEW	65340G205
—	SCICLONE PHARMACEUTICALS INC	85,500	$958K	0.3%	$11.01	—	COM	80862K104
—	XCERRA CORP	95,919	$945K	0.3%	$9.77	—	COM	98400J108
—	KITE PHARMA INC	5,000	$899K	0.3%	$179.80	—	COM	49803L109
—	FINTECH ACQUISITION CORP II	81,200	$853K	0.3%	$10.20	—	UNIT 99/99/9999	31810G208
—	HSN INC	20,842	$814K	0.3%	$39.06	—	COM	404303109
—	NXSTAGE MEDICAL INC	26,721	$737K	0.2%	$27.58	—	COM	67072V103
—	VIACOM INC NEW	20,000	$734K	0.2%	—	—	Put	92553P102
—	CLOUGH GLOBAL EQUITY FD	50,658	$672K	0.2%	$12.64	—	COM	18914C100
—	ROYAL BANCSHARES PA INC	146,532	$654K	0.2%	$4.23	—	CL A	780081105
PFLT	PENNANTPARK FLOATING RATE CA	38,756	$561K	0.2%	$4.61	+27.0%	COM	70806A106
—	WASHINGTONFIRST BANKSHARES I	14,408	$513K	0.2%	$35.61	—	COM	940730104
—	GABELLI EQUITY TR INC	71,096	$462K	0.2%	$6.40	—	COM	362397101
OFS	OFS CAP CORP	33,072	$436K	0.1%	$14.52	-7.0%	COM	67103B100
—	PARAGON COML CORP	7,207	$407K	0.1%	$56.47	—	COM NEW	69911U403
—	REAVES UTIL INCOME FD	9,979	$316K	0.1%	$30.77	—	COM SH BEN INT	756158101
—	DOUBLE EAGLE ACQUISITION COR	444,000	$306K	0.1%	$0.69	—	*W EXP 09/16/202	G28195116
—	DIVIDEND & INCOME FUND	21,188	$272K	0.1%	$11.02	—	COM NEW	25538A204
—	DELAWARE INVTS DIV & INCOME	25,081	$270K	0.1%	$10.34	—	COM	245915103
IYR	ISHARES TR	3,276	$262K	0.1%	$79.98	—	U.S. REAL ES ETF	464287739
—	NOVELION THERAPEUTICS INC	36,428	$256K	0.1%	$10.73	—	COM NEW	67001K202
SVVC	FIRSTHAND TECH VALUE FD INC	30,064	$241K	0.1%	$18.00	-56.5%	COM	33766Y100
—	PENSARE ACQUISITION CORP	600,000	$240K	0.1%	$0.40	—	RIGHT 99/99/9999	70957E121
—	SYMANTEC CORP	7,082	$232K	0.1%	$30.64	—	COM	871503108
—	ADVENT CLAYMORE ENH GRW & IN	26,775	$231K	0.1%	$8.69	—	COM	00765E104
—	MERRIMACK PHARMACEUTICALS IN	15,407	$224K	0.1%	$14.54	—	COM NEW	590328209
—	LIBERTY ALL STAR EQUITY FD	34,538	$208K	0.1%	$5.87	—	SH BEN INT	530158104
—	A H BELO CORP	35,942	$165K	0.1%	$6.97	—	COM CL A	001282102
—	DOMINION DIAMOND CORP	10,719	$152K	0.1%	$12.55	—	COM	257287102
—	PENSARE ACQUISITION CORP	300,000	$150K	0.0%	$0.50	—	*W EXP 07/27/202	70957E113
—	NEW IRELAND FUND INC	10,000	$137K	0.0%	$13.70	—	COM	645673104
TGNA	TEGNA INC	10,000	$133K	0.0%	$15.37	-12.7%	COM	87901J105
—	MODUSLINK GLOBAL SOLUTIONS I	69,804	$131K	0.0%	$3.84	—	COM NEW	60786L206
—	REALNETWORKS INC	26,522	$127K	0.0%	$7.55	—	COM NEW	75605L708
—	VIDEOCON D2H LTD	14,125	$126K	0.0%	$12.61	—	ADR	92657J101
—	MODERN MEDIA ACQUISITION	324,000	$120K	0.0%	$0.38	—	RIGHT 99/99/9999	60765P129
—	KBL MERGER CORP IV	400,000	$116K	0.0%	$0.29	—	RIGHT 03/22/2019	48242A120
—	ANDINA ACQUISITION CORP II	187,500	$111K	0.0%	$0.59	—	RIGHT 09/01/2017	G0441P120
—	BOULEVARD ACQUISITION	124,450	$111K	0.0%	$0.72	—	*W EXP 09/25/202	10157Q110
—	MFS INVT GRADE MUN TR	10,779	$108K	0.0%	$10.02	—	SH BEN INT	59318B108
—	MODERN MEDIA ACQUISITION	180,000	$97,000	0.0%	$0.36	—	*W EXP 05/17/202	60765P111
—	DEPOMED INC	15,100	$87,000	0.0%	$12.58	—	COM	249908104
—	FORUM MERGER CORP	234,000	$80,000	0.0%	$0.34	—	RIGHT 06/01/2019	34985B129
—	NEXTDECADE CORP	75,000	$70,000	0.0%	$0.93	—	*W EXP 07/23/202	65342K113
—	KBL MERGER CORP IV	400,000	$68,000	0.0%	$0.17	—	*W EXP 01/15/202	48242A112
—	ANDINA ACQUISITION CORP II	187,500	$68,000	0.0%	$0.36	—	*W EXP 11/23/202	G0441P138
—	AVISTA HEALTHCARE PUB ACQ CO	150,000	$60,000	0.0%	$0.40	—	*W EXP 99/99/999	G0726L117
—	RENTECH INC	131,249	$60,000	0.0%	$4.31	—	COM NEW	760112201
—	WRIGHT MED GROUP N V	38,308	$59,000	0.0%	$1.02	—	RIGHT 03/01/2019	N96617126
LUNA	LUNA INNOVATIONS	34,483	$58,000	0.0%	$1.53	-4.4%	COM	550351100
—	SANOFI	155,177	$56,000	0.0%	$0.34	—	RIGHT 12/31/2020	80105N113
—	FORUM MERGER CORP	117,000	$45,000	0.0%	$0.38	—	*W EXP 06/01/202	34985B111
—	REAVES UTIL INCOME FD	80,504	$30,000	0.0%	$0.37	—	RIGHT 10/04/2017	756158135
—	TRANS WORLD ENTMT CORP	10,400	$21,000	0.0%	$3.85	—	COM	89336Q100
—	ENDOCYTE INC	14,200	$20,000	0.0%	$6.62	—	COM	29269A102
—	SAMSON OIL & GAS LTD	14,119	$5,000	0.0%	$1.42	—	SPON ADR NEW	796043206