Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	CITY NATL CORP	100,006	$8.807M	5.0%	$89.72	—	COM	178566105
—	PRECISION CASTPARTS CORP	34,500	$7.925M	4.5%	$229.71	—	COM	740189105
—	ALLIANCEBERNSTEIN INCOME FUN	932,838	$7.332M	4.1%	$7.84	—	COM	01881E101
—	HOME PROPERTIES INC	96,146	$7.187M	4.0%	$73.92	—	COM	437306103
—	TIME WARNER CABLE INC	38,357	$6.88M	3.9%	$176.29	—	COM	88732J207
—	SAFEGUARD SCIENTIFICS INC	395,407	$6.145M	3.5%	$19.11	—	COM NEW	786449207
—	ALLIANCE BANCORP INC PA NEW	237,375	$5.69M	3.2%	$22.38	—	COM	01890A108
—	CHUBB CORP	45,000	$5.519M	3.1%	$122.64	—	COM	171232101
—	PARTNERRE LTD	36,000	$5M	2.8%	$138.89	—	COM	G6852T105
—	CORNERSTONE STRATEGIC VALUE	306,396	$4.817M	2.7%	$20.25	—	COM PAR $0.001	21924B302
—	DOUBLE EAGLE ACQUISITION COR	468,000	$4.746M	2.7%	$10.14	—	UNIT 99/99/9999	G28195108
—	DEALERTRACK TECHNOLOGIES INC	75,093	$4.743M	2.7%	$63.16	—	COM	242309102
—	YAHOO INC	159,925	$4.623M	2.6%	$39.26	—	COM	984332106
—	BOULEVARD ACQUISITION	442,500	$4.412M	2.5%	$9.97	—	UNIT 99/99/9999	10157Q201
—	GARNERO GROUP ACQUISITION CO	412,500	$4.088M	2.3%	$9.85	—	SHS	G5866L108
L	LOEWS CORP	96,000	$3.469M	2.0%	$41.13	-13.4%	COM	540424108
—	TRANSAMERICA INCOME SHS INC	146,474	$3.173M	1.8%	$21.66	—	COM	893506105
—	CORNERSTONE TOTAL RTRN FD IN	186,798	$3.002M	1.7%	$16.07	—	COM PAR $0.01	21924U300
—	NUVEEN LG/SHT COMMODITY TOTR	185,158	$2.963M	1.7%	$16.14	—	COM UT BEN INT	670731108
—	CLECO CORP NEW	52,158	$2.777M	1.6%	$53.84	—	COM	12561W105
—	ONEIDA FINL CORP MD	135,516	$2.765M	1.6%	$20.44	—	COM	682479100
—	CYTEC INDS INC	34,743	$2.566M	1.4%	$73.86	—	COM	232820100
—	BROADCOM CORP	49,314	$2.536M	1.4%	$51.43	—	CL A	111320107
—	GABELLI EQUITY TR INC	465,168	$2.428M	1.4%	$6.40	—	COM	362397101
—	GLOBAL DEFENSE & NATL SEC SY	211,963	$2.23M	1.3%	$10.48	—	COM	37953N108
HRB	BLOCK H & R INC	59,892	$2.168M	1.2%	$22.90	0.0%	COM	093671105
—	COMMUNICATIONS SALES&LEAS IN	112,103	$2.007M	1.1%	$22.28	—	COM	20341J104
—	MONTGOMERY STR INCOME SECS I	112,730	$1.962M	1.1%	$17.40	—	COM	614115103
—	NUVEEN DIVERSIFIED COMMODTY	180,009	$1.856M	1.0%	$10.55	—	COM UT BEN INT	67074P104
T	AT&T INC	56,794	$1.85M	1.0%	$12.27	0.0%	COM	00206R102
—	NEUBERGER BERMAN RE ES SEC F	375,004	$1.729M	1.0%	$4.84	—	COM	64190A103
PFLT	PENNANTPARK FLOATING RATE CA	143,644	$1.715M	1.0%	$4.46	0.0%	COM	70806A106
—	WILLIS GROUP HOLDINGS PUBLIC	41,700	$1.708M	1.0%	$40.96	—	SHS	G96666105
OLN	OLIN CORP	100,000	$1.681M	0.9%	$15.54	0.0%	Put	680665205
—	AMERIANA BANCORP	72,857	$1.676M	0.9%	$23.00	—	COM	023613102
—	SIGMA ALDRICH CORP	12,000	$1.667M	0.9%	$139.23	—	COM	826552101
—	CHAMBERS STR PPTYS	244,245	$1.585M	0.9%	$6.49	—	COM	157842105
—	LIBERTY GLOBAL PLC	37,859	$1.553M	0.9%	$49.12	—	SHS CL C	G5480U120
—	CAMERON INTERNATIONAL CORP	24,000	$1.472M	0.8%	$61.33	—	COM	13342B105
OLN	OLIN CORP	82,500	$1.387M	0.8%	$15.54	0.0%	COM PAR $1	680665205
CMCSA	COMCAST CORP NEW	24,000	$1.365M	0.8%	$23.34	0.0%	CL A	20030N101
VYX	NCR CORP NEW	55,100	$1.254M	0.7%	$16.65	0.0%	COM	62886E108
—	BROADCOM CORP	24,000	$1.234M	0.7%	$51.43	—	Put	111320107
—	HCC INS HLDGS INC	15,000	$1.162M	0.7%	$77.47	—	COM	404132102
—	E M C CORP MASS	48,000	$1.16M	0.7%	$26.40	—	COM	268648102
—	LMP REAL ESTATE INCOME FD IN	94,430	$1.16M	0.7%	$11.74	—	COM	50208C108
—	GLOBAL HIGH INCOME FUND INC	150,000	$1.158M	0.7%	$7.72	—	COM	37933G108
—	HYDRA INDS ACQUISITION CORP	112,015	$1.087M	0.6%	$9.67	—	COM	448740100
NMFC	NEW MTN FIN CORP	79,600	$1.082M	0.6%	$4.82	0.0%	COM	647551100
—	ATLANTIC ALLIANCE PARTNER CO	100,000	$1.015M	0.6%	$10.15	—	SHS	G04897107
PRGO	PERRIGO CO PLC	6,000	$944K	0.5%	$183.44	0.0%	SHS	G97822103
—	DISCOVERY COMMUNICATNS NEW	35,524	$863K	0.5%	$31.15	—	COM SER C	25470F302
—	HEALTH NET INC	12,900	$777K	0.4%	$60.23	—	COM	42222G108
—	STANDARD PAC CORP NEW	95,800	$766K	0.4%	$8.00	—	COM	85375C101
—	HARMONY MERGER CORP	75,000	$765K	0.4%	$10.00	—	UNIT 99/99/9999	413247206
—	AGL RES INC	12,000	$732K	0.4%	$61.00	—	COM	001204106
—	VIDEOCON D2H LTD	74,981	$724K	0.4%	$12.61	—	ADR	92657J101
—	STEINER LEISURE LTD	11,135	$704K	0.4%	$63.22	—	ORD	P8744Y102
—	PEPCO HOLDINGS INC	27,100	$656K	0.4%	$26.93	—	COM	713291102
—	SOLERA HOLDINGS INC	12,000	$648K	0.4%	$54.00	—	COM	83421A104
—	FEDERATED ENHANC TREAS INCM	46,891	$634K	0.4%	$13.52	—	COM SH BEN INT	314162108
—	QUINPARIO ACQUISITION CORP 2	63,850	$633K	0.4%	$9.95	—	COM	74874U101
—	BDCA VENTURE INC	128,881	$604K	0.3%	$5.25	—	COM	05543L106
—	ALTERA CORP	12,000	$601K	0.3%	$50.08	—	COM	021441100
—	CAMBRIDGE CAP ACQUISITION CO	60,000	$600K	0.3%	$10.00	—	COM	13215Q106
—	RENTECH INC	104,883	$587K	0.3%	$5.60	—	COM NEW	760112201
—	OM GROUP INC	17,502	$576K	0.3%	$32.91	—	COM	670872100
—	NUVEEN GLOBAL HIGH INCOME FD	36,727	$530K	0.3%	$17.26	—	SHS	67075G103
—	OMNIVISION TECHNOLOGIES INC	20,039	$526K	0.3%	$26.35	—	COM	682128103
—	DOT HILL SYS CORP	52,626	$512K	0.3%	$9.73	—	COM	25848T109
—	REAVES UTIL INCOME FD	16,846	$473K	0.3%	$25.89	—	COM SH BEN INT	756158101
—	LIBERTY ALL STAR EQUITY FD	92,538	$470K	0.3%	$5.87	—	SH BEN INT	530158104
VC	VISTEON CORP	4,500	$456K	0.3%	$60.70	-4.4%	COM NEW	92839U206
—	DNP SELECT INCOME FD	45,668	$410K	0.2%	$9.57	—	COM	23325P104
OXY	OCCIDENTAL PETE CORP DEL	6,000	$397K	0.2%	$63.89	-19.7%	COM	674599105
—	GABELLI GLOBL UTIL & INCOME	24,452	$394K	0.2%	$20.04	—	COM SH BEN INT	36242L105
—	BROOKFIELD TOTAL RETURN FD I	18,238	$389K	0.2%	$23.77	—	COM	11283U108
—	AVENUE INCOME CR STRATEGIES	28,482	$366K	0.2%	$17.58	—	COM	05358E106
PRZM	PRISM TECHNOLOGIES GROUP INC	129,205	$362K	0.2%	$3.01	0.0%	COM	74273Y100
—	LUMENIS LTD	24,995	$346K	0.2%	$13.84	—	SHS CL B	M6778Q121
—	AR CAP ACQUISITION CORP	33,500	$333K	0.2%	$9.88	—	UNIT 10/06/2019	00191R208
TDS	TELEPHONE & DATA SYS INC	12,891	$322K	0.2%	$27.61	+1.7%	COM NEW	879433829
—	BROOKFIELD GLOBL LISTED INFR	25,736	$322K	0.2%	$16.55	—	COM SHS	11273Q109
—	TEMPLETON RUS AND EAST EUR F	31,265	$304K	0.2%	$9.72	—	COM	88022F105
—	DOW CHEM CO	7,000	$297K	0.2%	$42.43	—	COM	260543103
—	HARVEST NATURAL RESOURCES IN	210,807	$293K	0.2%	$4.07	—	COM	41754V103
—	QLT INC	105,486	$281K	0.2%	$4.28	—	COM	746927102
—	AVOLON HLDGS LTD	9,200	$280K	0.2%	$30.43	—	COM	G52237107
—	SIRIUS XM HLDGS INC	72,133	$270K	0.2%	$3.23	—	COM	82968B103
GYRO	GYRODYNE LLC	9,146	$257K	0.1%	$19.48	0.0%	COM	403829104
—	ATMEL CORP	31,725	$256K	0.1%	$8.07	—	COM	049513104
—	BARINGTON HILCO ACQUISITION	24,740	$243K	0.1%	$9.74	—	COM	06759V101
PPL	PPL CORP	7,065	$232K	0.1%	$19.41	+1.4%	COM	69351T106
—	SOUTHCOAST FINANCIAL CORP	16,900	$225K	0.1%	$13.31	—	COM	84129R100
—	REALD INC	21,600	$208K	0.1%	$12.79	—	COM	75604L105
—	FIDELITY NATIONAL FINANCIAL	17,563	$206K	0.1%	$12.60	—	FNFV GROUP COM	31620R402
—	MODUSLINK GLOBAL SOLUTIONS I	69,804	$200K	0.1%	$3.84	—	COM NEW	60786L206
—	TIVO INC	22,300	$193K	0.1%	$11.28	—	COM	888706108
—	WINTHROP RLTY TR	13,400	$192K	0.1%	$14.33	—	SH BEN INT NEW	976391300
SVVC	FIRSTHAND TECH VALUE FD INC	21,139	$180K	0.1%	$22.26	-51.7%	COM	33766Y100
—	A H BELO CORP	35,942	$177K	0.1%	$6.97	—	COM CL A	001282102
—	COHEN & STEERS TOTAL RETURN	14,448	$172K	0.1%	$12.39	—	COM	19247R103
—	REALNETWORKS INC	40,670	$166K	0.1%	$7.55	—	COM NEW	75605L708
—	ZYNGA INC	60,500	$138K	0.1%	$3.21	—	CL A	98986T108
—	KCG HLDGS INC	12,491	$137K	0.1%	$12.32	—	CL A	48244B100
—	C B PHARMA ACQUISITION CORP	12,500	$124K	0.1%	$9.92	—	SHS	G2029P126
—	DELAWARE INVTS DIV & INCOME	13,662	$114K	0.1%	$10.44	—	COM	245915103
WEN	WENDYS CO	11,298	$98,000	0.1%	$11.02	-12.0%	COM	95058W100
—	MITEL NETWORKS CORP	15,021	$97,000	0.1%	$8.85	—	COM	60671Q104
—	WINDSTREAM HLDGS INC	13,500	$83,000	0.0%	$6.37	—	COM NEW	97382A200
KOPN	KOPIN CORP	23,746	$75,000	0.0%	$3.84	-20.5%	COM	500600101
—	ENDOCYTE INC	14,200	$65,000	0.0%	$6.62	—	COM	29269A102
—	MORGANS HOTEL GROUP CO	19,100	$63,000	0.0%	$3.30	—	COM	61748W108
—	FULL CIRCLE CAP CORP	17,700	$54,000	0.0%	$3.55	—	COM	359671104
—	COVISINT CORP	18,549	$40,000	0.0%	$2.67	—	COM	22357R103
—	TRANS WORLD ENTMT CORP	10,400	$39,000	0.0%	$3.85	—	COM	89336Q100
LUNA	LUNA INNOVATIONS	34,483	$32,000	0.0%	$1.53	-29.4%	COM	550351100
—	SANOFI	155,177	$30,000	0.0%	$0.34	—	RIGHT 12/31/2020	80105N113
—	LIFEVANTAGE CORP	31,200	$25,000	0.0%	$1.65	—	COM	53222K106
—	SAMSON OIL & GAS LTD	14,119	$9,000	0.0%	$1.42	—	SPON ADR NEW	796043206
GULTU	GULF COAST ULTRA DEEP RTY TR	14,923	$4,000	0.0%	$2.95	—	ROYALTY TR UNT	40222T104