Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SCII	SC ACQ CRP II; TNT ACQ DT: 5/25/2027; CASH: $10.00	3,026,479	$30.17M	0.9%	$9.97	—	ORD SHS CLASS A	G7866D102
TLT	ISHARES LEHMAN 20-plus YR TREAS	273,415	$23.7M	0.7%	$86.69	—	20 YR TR BD ETF	464287432
WPAC	WHITE PEARL ACQ CRP; TNT ACQ DT: 7/30/2027; CASH: $10.00	1,602,595	$15.8M	0.5%	$9.86	—	ORD SHS CL A	G96193100
WSTN	WESTIN ACQ CRP; TNT ACQ DT: 5/4/2027; CASH: $10.00	1,389,790	$13.88M	0.4%	$9.95	0.0%	ORD SHS CL A	G9584S106
SSAC	SPACSPHERE ACQ CRP; TNT ACQ DT: 5/5/2027; CASH: $10.00	1,217,210	$12.05M	0.4%	$9.90	—	CL A SHS	G8T088109
APXT	APEX TREAUSRY ACQ CRP; TNT ACQ DT: 10/28/2027; CASH: $10.00	1,163,557	$11.57M	0.4%	$9.94	0.0%	ORD SHS CL A	G04104108
GIX	GIGCAPITAL9 ACQ CRP; TNT ACQ DT: 1/27/2028; CASH: $10.00	815,332	$8.015M	0.3%	$9.83	—	CL A	G3865B114
IGE	ISHARES S&P GSSI NATURAL RES	127,079	$7.998M	0.2%	$62.94	—	NORTH AMERN NAT	464287374
BPAC	BLUEPOINT AVE ACQ CRP; TNT ACQ DT: 2/12/2027; CASH: $10.00	716,625	$7.173M	0.2%	$10.01	—	USD CL A ORD SHS	G1196A102
—	JOHN HANCOCK HEDGED EQUITY & INCOME FUND	518,501	$5.631M	0.2%	$10.86	—	COM	47804L102
WENN	WEN ACQ CRP; TNT ACQ DT: 5/16/2027; CASH: $10.00	519,000	$5.283M	0.2%	$10.15	0.0%	COM CL A	G9R39C103
LWAC	LIGHTWAVE ACQ CRP; TNT ACQ DT: 6/25/2027; CASH: $10.00	516,600	$5.233M	0.2%	$10.08	0.0%	USD CL A ORD SHS	G5490M100
—	PIMCO NEW YORK MUNICIPAL II	735,635	$5.039M	0.2%	$6.85	—	COM	72200Y102
DNMX	DYNAMIX ACQ CRP III; TNT ACQ DT: 8/26/2027; CASH: $10.00	501,550	$4.975M	0.2%	$9.93	0.0%	USD CL A ORD SHS	G2949T109
—	COHEN & STEERS INFRASTRUCTURE	169,477	$4.386M	0.1%	$25.88	—	COM	19248A109
—	VIRTUS ALLIANZGI ARTIFICIAL INTELLIGENCE & TECHNOLOGY OPP FD	193,632	$4.146M	0.1%	$21.41	—	COM	92838Y100
KOYN	CSLM DIGITAL ASSET ACQ CRP III; TNT ACQ DT: 8/26/2027; CASH: $10.00	410,000	$4.116M	0.1%	$10.02	0.0%	USD CL A ORD SHS	G2584S101
TWLV	TWELVE SEAS ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.00	277,715	$2.741M	0.1%	$9.87	—	ORD SHS CL A	G9145D101
ITHA	ITHAX ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.00	264,154	$2.615M	0.1%	$9.90	—	USD CL A ORD SHS	G4977S102
—	EATON VANCE ENHANCED EQUITY IN	110,532	$2.261M	0.1%	$20.46	—	COM	278277108
XFLH	XFLH ACQ CRP; TNT ACQ DT: 58/11/2027; CASH: $10.00	224,850	$2.219M	0.1%	$9.87	—	ORD SHS	G9834D107
—	CLOUGH GLOBAL OPPORTUNITIES FUND	377,188	$2.101M	0.1%	$5.57	—	SH BEN INT	18914E106
HVMC	HIGHVIEW ACQ CRP; TNT ACQ DT: 8/12/2027; CASH: $10.00	197,200	$1.982M	0.1%	$10.05	0.0%	ORD SH CL A	G4569C101
TDWD	TAILWIND 2.0 ACQ CRP; TNT ACQ DT: 11/7/2027; CASH: $10.00	177,086	$1.757M	0.1%	$9.91	0.0%	ORD SHS CL A	G8662J111
—	BLACKROCK HEALTH SCIENCES TERM	117,675	$1.69M	0.1%	$14.36	—	COM SHS	09260E105
ZKP	LAFAYETTE DIGITAL ACQ CRP; TNT ACQ DT: 1/9/2028; CASH: $10.00	127,757	$1.26M	0.0%	$9.86	—	ORD CLASS A	G5345D107
—	BLACKROCK CR ALLCTN INC TR COM	121,250	$1.225M	0.0%	$10.10	—	COM	092508100
—	INVESCO BD FD COM	72,031	$1.08M	0.0%	$15.00	—	COM	46132L107
SVIVU	SPRING VALLEY ACQ CRP IV UNIT; TNT ACQ DT: 2/10/2028; CASH: $10.00	100,000	$1.016M	0.0%	$10.16	—	UNIT 01/22/2031	G8377G121
BLRK	BLUEROCK ACQ CRP; TNT ACQ DT: 12/11/2027; CASH: $10.00	85,000	$842K	0.0%	$9.90	—	USD CL A ORD SHS	G1352R105
BIXI	BITCOIN INFRASTRUCTURE ACQ CRP; TNT ACQ DT: 12/2/2027; CASH: $10.00	82,411	$818K	0.0%	$9.89	0.0%	USD CL A ORD SHS	G1143H101
—	ROYCE MICRO-CAP TRUST INC	63,003	$713K	0.0%	$11.31	—	COM	780915104
—	CLOUGH GLOBAL EQUITY FUND	88,428	$666K	0.0%	$7.53	—	COM	18914C100
GPAC	GENERAL PURPOSE ACQ CRP; TNT ACQ DT: 12/04/2027; CASH: $10.00	58,275	$578K	0.0%	$9.91	—	USD CL A ORD SHS	G3810N106
—	FEDERATED PREMIER MUNICIPAL INCOME FUND	45,191	$494K	0.0%	$10.93	—	COM	31423P108
IRHO	IRON HORSE ACQ CRP II; TNT ACQ DT: 12/17/2027; CASH: $10.00	45,000	$444K	0.0%	$9.86	—	COM	46283H103
—	ABRDN NATIONAL MUNICIPAL INC	42,457	$423K	0.0%	$9.96	—	SH BEN INT	24610T108
—	ROYCE SMALL-CAP TRUST INC	16,088	$267K	0.0%	$16.60	—	COM	780910105
ADAC	AMERICAN DRIVE ACQ CRP; TNT ACQ DT: 12/17/2027; CASH: $10.00	22,000	$218K	0.0%	$9.90	—	USD CL A ORD SHS	G0R91M105
MMTX	MILUNA ACQ CRP; TNT ACQ DT: 4/23/2027; CASH: $10.00	14,780	$148K	0.0%	$9.97	0.0%	USD CL A ORD SHS	G6180J100

Increased Positions (59)

— BLACKROCK MUNIHOLDINGS FUND INC 7.0%

Value $226M (+126.7%) Shares 20,033,393 (+135.9%) Est. Cost $11.53 Unrealized —

— BlackRock MuniYield Quality Fund III 1.9%

Value $59.66M (+1360.9%) Shares 5,676,653 (+1410.9%) Est. Cost $10.54 Unrealized —

— BLACKROCK MUNIYIELD NEW YORK QUALITY FUND INC 2.4%

Value $78.33M (+221.9%) Shares 8,159,423 (+232.2%) Est. Cost $9.71 Unrealized —

— BLACKROCK MUNIYIELD QUALITY 0.9%

Value $28.73M (+271.9%) Shares 2,616,894 (+282.7%) Est. Cost $11.06 Unrealized —

DMII DRUGS MADE IN AMERICA ACQ CRP II; TNT ACQ DT: 9/25/2027; CASH: $10.00 0.8%

Value $25.9M (+128.8%) Shares 2,597,923 (+127.2%) Est. Cost $9.93 Unrealized +0.3%

— ALLIANCE NATIONAL MUNICIPAL INCOME FUND 0.9%

Value $27.29M (+63.8%) Shares 2,553,118 (+65.8%) Est. Cost $10.68 Unrealized —

GIW GIGCAPITAL8 ACQ CRP ; TNT ACQ DT: 10/6/2027; CASH: $10.00 0.3%

Value $9.608M (+980.0%) Shares 963,650 (+971.3%) Est. Cost $9.96 Unrealized +0.1%

AIIA AI INFRASTRUCTURE ACQ CRP; TNT ACQ DT: 4/3/2027; CASH: $10.00 0.6%

Value $20.72M (+67.9%) Shares 2,066,198 (+66.4%) Est. Cost $9.96 Unrealized +0.4%

— CALAMOS STRAT TOT RETURN FD 1.0%

Value $33.29M (+28.8%) Shares 1,944,623 (+44.5%) Est. Cost $18.44 Unrealized —

MKLY MCKINLEY ACQ CRP; TNT ACQ DT: 8/12/2027; CASH: $10.00 0.6%

Value $19.09M (+56.1%) Shares 1,903,371 (+55.2%) Est. Cost $9.98 Unrealized +0.4%

— ISHARES CORE DIVIDEND GROWTH ETF 0.4%

Value $13.69M (+92.6%) Shares 195,078 (+90.5%) Est. Cost $69.11 Unrealized —

— LIBERTY ALL-STAR EQUITY FUND 0.5%

Value $17.3M (+50.5%) Shares 3,116,511 (+70.3%) Est. Cost $5.98 Unrealized —

VEU VANGUARD INTL EQUITY INDEX FD ALLWRLD EX US 2.3%

Value $73.35M (+8.0%) Shares 976,719 (+5.8%) Est. Cost $64.71 Unrealized —

— ABRDN AUSTRALIA EQUITY FUND 0.3%

Value $8.62M (+164.8%) Shares 711,187 (+182.3%) Est. Cost $12.40 Unrealized —

GTERA GLOBA TERRA ACQ CRP; TNT ACQ DT: 10/08/2026; CASH: $10.00 0.5%

Value $14.99M (+55.1%) Shares 1,470,687 (+53.7%) Est. Cost $10.07 Unrealized +0.7%

HAVA HARVARD AVE ACQ CRP; TNT ACQ DT: 4/30/2027; CASH:$10.00 0.2%

Value $6.259M (+535.7%) Shares 625,915 (+531.3%) Est. Cost $9.97 Unrealized +0.1%

VNME VENDOME ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.00 0.3%

Value $10.94M (+70.5%) Shares 1,085,053 (+69.6%) Est. Cost $10.01 Unrealized +0.7%

— WESTERN ASSET INV GRA DEF OP 0.2%

Value $6.168M (+240.0%) Shares 383,342 (+248.7%) Est. Cost $16.21 Unrealized —

LAFA LAFAYETTE ACQUISTION CORP 0.1%

Value $4.611M (+1588.0%) Shares 462,440 (+1576.1%) Est. Cost $9.95 Unrealized +0.0%

— BLACKROCK SCIENCE AND TECHNOLOGY TRUST II 0.3%

Value $9.08M (+88.8%) Shares 409,931 (+92.7%) Est. Cost $20.14 Unrealized —

EZU ISHARES EMU ETF 0.5%

Value $17.56M (+30.4%) Shares 280,297 (+33.5%) Est. Cost $61.02 Unrealized —

CHEC CHENGHE ACQ CRP III; TNT ACQ DT: 3/16/2027; CASH: $10.00 0.4%

Value $11.98M (+51.0%) Shares 1,188,550 (+49.3%) Est. Cost $9.98 Unrealized +0.5%

— MORGAN STANLEY INDIA INVS FD COM 0.3%

Value $8.143M (+87.7%) Shares 395,688 (+127.8%) Est. Cost $21.24 Unrealized —

GCOW PACER GLOBAL CASH COWS DIVIDEND 0.6%

Value $18.12M (+24.4%) Shares 391,956 (+10.9%) Est. Cost $39.35 Unrealized —

APAC STONEBRIDGE ACQ CRP II; TNT ACQ DT: 4/3/2027; CASH: $10.00 0.1%

Value $4.349M (+351.6%) Shares 433,550 (+348.0%) Est. Cost $9.99 Unrealized +0.2%

FIGX FIGX CAPITAL ACQ CRP; TNT ACQ DT: 6/27/2027; CASH: $10.00 0.1%

Value $4.448M (+292.1%) Shares 439,949 (+290.1%) Est. Cost $10.09 Unrealized +0.1%

— COLUMBIA SELIGMAN PREMIUM TECH 0.2%

Value $7.069M (+85.5%) Shares 186,368 (+79.9%) Est. Cost $37.30 Unrealized —

EWZ ISHARES BRAZIL ETF 0.3%

Value $9.728M (+40.6%) Shares 253,399 (+16.4%) Est. Cost $28.77 Unrealized —

VCRM VANGUARD CORE TAX-EXEMPT BOND ETF 1.4%

Value $44.34M (+5.9%) Shares 590,059 (+6.5%) Est. Cost $75.26 Unrealized —

— NUVEEN CORE EQUITY ALPHA FUND COM 0.1%

Value $2.722M (+248.0%) Shares 184,196 (+275.3%) Est. Cost $15.09 Unrealized —

XLF FINANCIAL SELECT SECTOR SPDR 0.6%

Value $20.03M (-8.5%) Shares 405,787 (+1.5%) Est. Cost $49.22 Unrealized —

VWO VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 2.2%

Value $71.43M (+2.7%) Shares 1,321,574 (+2.1%) Est. Cost $42.49 Unrealized —

— MFS INTER INCOME TR SH BEN INT 0.4%

Value $13.24M (+15.7%) Shares 5,275,910 (+20.3%) Est. Cost $2.70 Unrealized —

EWC ISHARES MSCI CDA ETF 0.5%

Value $17.22M (+11.3%) Shares 314,292 (+9.6%) Est. Cost $45.85 Unrealized —

— PIMCO CALIFORNIA MUNICIPAL INC 0.5%

Value $15.26M (+12.5%) Shares 1,778,933 (+14.4%) Est. Cost $8.70 Unrealized —

— BLACKROCK SCIENCE & TECH TR 0.6%

Value $20.46M (-7.1%) Shares 562,909 (+3.6%) Est. Cost $37.72 Unrealized —

— CALAMOS GLOBAL DYNAMIC INCOME FUND 0.5%

Value $15.91M (+10.6%) Shares 2,191,419 (+12.8%) Est. Cost $6.84 Unrealized —

— JOHN HANCOCK INCOME SECURITIES TRUST 0.2%

Value $5.828M (+34.6%) Shares 532,698 (+44.1%) Est. Cost $11.33 Unrealized —

— LIBERTY ALL-STAR GROWTH FD 0.6%

Value $20.05M (+7.5%) Shares 4,220,488 (+20.0%) Est. Cost $5.26 Unrealized —

— EATON VANCE TAX-ADV GLOBAL DIV OPP FUND 0.5%

Value $17.21M (-7.5%) Shares 645,796 (+5.4%) Est. Cost $22.33 Unrealized —

NMP NMP ACQ CRP; TNT ACQ DT: 1/2/2027; CASH: $10.00 0.3%

Value $8.817M (+14.7%) Shares 867,790 (+13.1%) Est. Cost $10.01 Unrealized +0.6%

— BLACKROCK 2030 MUNICIPAL TARGET TERM TRUST 3.3%

Value $106M (+1.0%) Shares 4,689,313 (+1.5%) Est. Cost $21.41 Unrealized —

OBA OXLEY BRIDGE ACQ CRP; TNT ACQ DT: 6/25/2027; CASH: $10.00 0.3%

Value $8.732M (+13.0%) Shares 861,975 (+12.5%) Est. Cost $10.04 Unrealized +0.7%

CRAC CROWN RESERVE ACQUSITION CORP 0.3%

Value $8.081M (+13.9%) Shares 807,325 (+13.1%) Est. Cost $9.92 Unrealized +0.6%

BBJP JPMORGAN BETABUILDERS JAPAN ETF 0.5%

Value $15.9M (+6.5%) Shares 230,737 (+1.9%) Est. Cost $49.98 Unrealized —

EMIS EMMIS ACQ CRP; TNT ACQ DT: 3/25/2027; CASH: $10.00 0.3%

Value $9.861M (+8.7%) Shares 981,161 (+7.4%) Est. Cost $9.97 Unrealized +0.6%

VGK VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF 0.7%

Value $23.81M (+3.4%) Shares 288,827 (+4.9%) Est. Cost $63.37 Unrealized —

SDHI SIDDHI ACQ CRP; TNT ACQ DT: 4/1/2027; CASH: $10.05 0.1%

Value $3.494M (+25.6%) Shares 338,870 (+25.2%) Est. Cost $10.15 Unrealized +1.3%

EDEN ISHARES MSCI DENMARK ETF 0.3%

Value $8.244M (-7.1%) Shares 78,755 (+1.6%) Est. Cost $110.54 Unrealized —

ORIQ ORIGIN ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.10 0.3%

Value $8.906M (+7.5%) Shares 875,728 (+6.9%) Est. Cost $10.08 Unrealized +1.0%

BIL SPDR BLOOMBERG 1-3 MONTH T-BILL ETF 0.0%

Value $1.03M (+79.2%) Shares 11,240 (+78.7%) Est. Cost $91.65 Unrealized —

— TEMPLETON DRAGON FD INC COM 0.3%

Value $9.229M (-4.2%) Shares 869,884 (+1.6%) Est. Cost $8.42 Unrealized —

PACH PIONEER ACQ CRP; TNT ACQ DT: 6/18/2027; CASH: $10.00 0.2%

Value $5.085M (+5.2%) Shares 501,988 (+4.3%) Est. Cost $10.03 Unrealized +0.7%

TVAI THAYER VENTURES ACQ CRP II; TNT ACQ DT:3/15/2027; CASH:$10.00 0.2%

Value $5.539M (+4.5%) Shares 543,575 (+3.8%) Est. Cost $10.02 Unrealized +1.4%

— NUEBERGER BERMAN MUNICIPAL FUND INC 0.0%

Value $843K (+22.1%) Shares 83,021 (+21.7%) Est. Cost $10.13 Unrealized —

— ALLSPRING GLOBAL DIVIDEND OPPORTUNITY FUND 0.3%

Value $9.71M (+1.5%) Shares 1,665,576 (+1.5%) Est. Cost $5.38 Unrealized —

— WESTERN ASSET CLYM INFL SEC IN COM SH BEN INT 2.1%

Value $67.44M (+0.1%) Shares 8,346,410 (+2.5%) Est. Cost $9.68 Unrealized —

SZZL SIZZLE ACQ CRP II; TNT ACQ DT: 4/2/2027; CASH: $10.00 0.1%

Value $1.889M (+3.4%) Shares 183,735 (+2.2%) Est. Cost $9.99 Unrealized +2.5%

— MFS GOVT MKTS INCOME TR SH BEN INT 0.2%

Value $5.128M (+0.5%) Shares 1,744,159 (+3.4%) Est. Cost $3.74 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	BLACKROCK MUNIHOLDINGS FUND INC	20,033,393 (+135.9%)	$226M (+126.7%)	7.0%	$11.53	—	COM	09253N104
—	BlackRock MuniYield Quality Fund III	5,676,653 (+1410.9%)	$59.66M (+1360.9%)	1.9%	$10.54	—	COM	09254E103
—	BLACKROCK MUNIYIELD NEW YORK QUALITY FUND INC	8,159,423 (+232.2%)	$78.33M (+221.9%)	2.4%	$9.71	—	COM	09255E102
—	BLACKROCK MUNIYIELD QUALITY	2,616,894 (+282.7%)	$28.73M (+271.9%)	0.9%	$11.06	—	COM	09254F100
DMII	DRUGS MADE IN AMERICA ACQ CRP II; TNT ACQ DT: 9/25/2027; CASH: $10.00	2,597,923 (+127.2%)	$25.9M (+128.8%)	0.8%	$9.93	+0.3%	USD ORD SHS	G2851K104
—	ALLIANCE NATIONAL MUNICIPAL INCOME FUND	2,553,118 (+65.8%)	$27.29M (+63.8%)	0.9%	$10.68	—	COM	01864u106
GIW	GIGCAPITAL8 ACQ CRP ; TNT ACQ DT: 10/6/2027; CASH: $10.00	963,650 (+971.3%)	$9.608M (+980.0%)	0.3%	$9.96	+0.1%	ORD CL A	G3864J100
AIIA	AI INFRASTRUCTURE ACQ CRP; TNT ACQ DT: 4/3/2027; CASH: $10.00	2,066,198 (+66.4%)	$20.72M (+67.9%)	0.6%	$9.96	+0.4%	ORD SHS CL A	G01336109
—	CALAMOS STRAT TOT RETURN FD	1,944,623 (+44.5%)	$33.29M (+28.8%)	1.0%	$18.44	—	COM SH BEN INT	128125101
MKLY	MCKINLEY ACQ CRP; TNT ACQ DT: 8/12/2027; CASH: $10.00	1,903,371 (+55.2%)	$19.09M (+56.1%)	0.6%	$9.98	+0.4%	SHS CL A	G6005T101
—	ISHARES CORE DIVIDEND GROWTH ETF	195,078 (+90.5%)	$13.69M (+92.6%)	0.4%	$69.11	—	CORE DIV GRWTH	46434v621
—	LIBERTY ALL-STAR EQUITY FUND	3,116,511 (+70.3%)	$17.3M (+50.5%)	0.5%	$5.98	—	SH BEN INT	530158104
VEU	VANGUARD INTL EQUITY INDEX FD ALLWRLD EX US	976,719 (+5.8%)	$73.35M (+8.0%)	2.3%	$64.71	—	ALLWRLD EX US	922042775
—	ABRDN AUSTRALIA EQUITY FUND	711,187 (+182.3%)	$8.62M (+164.8%)	0.3%	$12.40	—	COM	003011111
GTERA	GLOBA TERRA ACQ CRP; TNT ACQ DT: 10/08/2026; CASH: $10.00	1,470,687 (+53.7%)	$14.99M (+55.1%)	0.5%	$10.07	+0.7%	CL A ORD SHS	G3933N116
HAVA	HARVARD AVE ACQ CRP; TNT ACQ DT: 4/30/2027; CASH:$10.00	625,915 (+531.3%)	$6.259M (+535.7%)	0.2%	$9.97	+0.1%	USD CL A ORD SHS	G4330A103
VNME	VENDOME ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.00	1,085,053 (+69.6%)	$10.94M (+70.5%)	0.3%	$10.01	+0.7%	COM CL A	G9580A109
—	WESTERN ASSET INV GRA DEF OP	383,342 (+248.7%)	$6.168M (+240.0%)	0.2%	$16.21	—	COM	95790A101
LAFA	LAFAYETTE ACQUISTION CORP	462,440 (+1576.1%)	$4.611M (+1588.0%)	0.1%	$9.95	+0.0%	ORD SHS	G53426105
—	BLACKROCK SCIENCE AND TECHNOLOGY TRUST II	409,931 (+92.7%)	$9.08M (+88.8%)	0.3%	$20.14	—	SHS BEN INT	09260K101
EZU	ISHARES EMU ETF	280,297 (+33.5%)	$17.56M (+30.4%)	0.5%	$61.02	—	MSCI EURZONE ETF	464286608
CHEC	CHENGHE ACQ CRP III; TNT ACQ DT: 3/16/2027; CASH: $10.00	1,188,550 (+49.3%)	$11.98M (+51.0%)	0.4%	$9.98	+0.5%	ORD SHS CL A	G2086N105
—	MORGAN STANLEY INDIA INVS FD COM	395,688 (+127.8%)	$8.143M (+87.7%)	0.3%	$21.24	—	COM	61745C105
GCOW	PACER GLOBAL CASH COWS DIVIDEND	391,956 (+10.9%)	$18.12M (+24.4%)	0.6%	$39.35	—	GLOBL CASH ETF	69374H709
APAC	STONEBRIDGE ACQ CRP II; TNT ACQ DT: 4/3/2027; CASH: $10.00	433,550 (+348.0%)	$4.349M (+351.6%)	0.1%	$9.99	+0.2%	CL A SHS	G85096108
FIGX	FIGX CAPITAL ACQ CRP; TNT ACQ DT: 6/27/2027; CASH: $10.00	439,949 (+290.1%)	$4.448M (+292.1%)	0.1%	$10.09	+0.1%	USD CL A ORD SHS	G3473K100
—	COLUMBIA SELIGMAN PREMIUM TECH	186,368 (+79.9%)	$7.069M (+85.5%)	0.2%	$37.30	—	COM	19842X109
EWZ	ISHARES BRAZIL ETF	253,399 (+16.4%)	$9.728M (+40.6%)	0.3%	$28.77	—	MSCI BRAZIL ETF	464286400
VCRM	VANGUARD CORE TAX-EXEMPT BOND ETF	590,059 (+6.5%)	$44.34M (+5.9%)	1.4%	$75.26	—	CORE TAX EXEMPT	922907712
—	NUVEEN CORE EQUITY ALPHA FUND COM	184,196 (+275.3%)	$2.722M (+248.0%)	0.1%	$15.09	—	COM	67090X107
XLF	FINANCIAL SELECT SECTOR SPDR	405,787 (+1.5%)	$20.03M (-8.5%)	0.6%	$49.22	—	STATE STREET FIN	81369Y605
VWO	VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF	1,321,574 (+2.1%)	$71.43M (+2.7%)	2.2%	$42.49	—	FTSE EMR MKT ETF	922042858
—	MFS INTER INCOME TR SH BEN INT	5,275,910 (+20.3%)	$13.24M (+15.7%)	0.4%	$2.70	—	SH BEN INT	55273C107
EWC	ISHARES MSCI CDA ETF	314,292 (+9.6%)	$17.22M (+11.3%)	0.5%	$45.85	—	MSCI CDA ETF	464286509
—	PIMCO CALIFORNIA MUNICIPAL INC	1,778,933 (+14.4%)	$15.26M (+12.5%)	0.5%	$8.70	—	COM	72200N106
—	BLACKROCK SCIENCE & TECH TR	562,909 (+3.6%)	$20.46M (-7.1%)	0.6%	$37.72	—	SHS	09258G104
—	CALAMOS GLOBAL DYNAMIC INCOME FUND	2,191,419 (+12.8%)	$15.91M (+10.6%)	0.5%	$6.84	—	COM	12811L107
—	JOHN HANCOCK INCOME SECURITIES TRUST	532,698 (+44.1%)	$5.828M (+34.6%)	0.2%	$11.33	—	COM	410123103
—	LIBERTY ALL-STAR GROWTH FD	4,220,488 (+20.0%)	$20.05M (+7.5%)	0.6%	$5.26	—	COM	529900102
—	EATON VANCE TAX-ADV GLOBAL DIV OPP FUND	645,796 (+5.4%)	$17.21M (-7.5%)	0.5%	$22.33	—	COM	27828U106
NMP	NMP ACQ CRP; TNT ACQ DT: 1/2/2027; CASH: $10.00	867,790 (+13.1%)	$8.817M (+14.7%)	0.3%	$10.01	+0.6%	CL A	G6375X104
—	BLACKROCK 2030 MUNICIPAL TARGET TERM TRUST	4,689,313 (+1.5%)	$106M (+1.0%)	3.3%	$21.41	—	COM SHS BEN IN	09257P105
OBA	OXLEY BRIDGE ACQ CRP; TNT ACQ DT: 6/25/2027; CASH: $10.00	861,975 (+12.5%)	$8.732M (+13.0%)	0.3%	$10.04	+0.7%	USD CL A ORD SHS	G6858G107
CRAC	CROWN RESERVE ACQUSITION CORP	807,325 (+13.1%)	$8.081M (+13.9%)	0.3%	$9.92	+0.6%	ORD SHS CL A	G2574F119
BBJP	JPMORGAN BETABUILDERS JAPAN ETF	230,737 (+1.9%)	$15.9M (+6.5%)	0.5%	$49.98	—	BETABULDRS JAPAN	46641Q217
EMIS	EMMIS ACQ CRP; TNT ACQ DT: 3/25/2027; CASH: $10.00	981,161 (+7.4%)	$9.861M (+8.7%)	0.3%	$9.97	+0.6%	SHS CL A	G3037D105
VGK	VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF	288,827 (+4.9%)	$23.81M (+3.4%)	0.7%	$63.37	—	FTSE EUROPE ETF	922042874
SDHI	SIDDHI ACQ CRP; TNT ACQ DT: 4/1/2027; CASH: $10.05	338,870 (+25.2%)	$3.494M (+25.6%)	0.1%	$10.15	+1.3%	CL A SHS	G8118C124
EDEN	ISHARES MSCI DENMARK ETF	78,755 (+1.6%)	$8.244M (-7.1%)	0.3%	$110.54	—	MSCI DENMARK ETF	46429B523
ORIQ	ORIGIN ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.10	875,728 (+6.9%)	$8.906M (+7.5%)	0.3%	$10.08	+1.0%	ORD SHS	G67751100
BIL	SPDR BLOOMBERG 1-3 MONTH T-BILL ETF	11,240 (+78.7%)	$1.03M (+79.2%)	0.0%	$91.65	—	STATE STREET SPD	78468R663
—	TEMPLETON DRAGON FD INC COM	869,884 (+1.6%)	$9.229M (-4.2%)	0.3%	$8.42	—	COM	88018T101
PACH	PIONEER ACQ CRP; TNT ACQ DT: 6/18/2027; CASH: $10.00	501,988 (+4.3%)	$5.085M (+5.2%)	0.2%	$10.03	+0.7%	CL A ORD SHS	G7117W107
TVAI	THAYER VENTURES ACQ CRP II; TNT ACQ DT:3/15/2027; CASH:$10.00	543,575 (+3.8%)	$5.539M (+4.5%)	0.2%	$10.02	+1.4%	CL A	G87890102
—	NUEBERGER BERMAN MUNICIPAL FUND INC	83,021 (+21.7%)	$843K (+22.1%)	0.0%	$10.13	—	COM	64124P101
—	ALLSPRING GLOBAL DIVIDEND OPPORTUNITY FUND	1,665,576 (+1.5%)	$9.71M (+1.5%)	0.3%	$5.38	—	COM	94987C103
—	WESTERN ASSET CLYM INFL SEC IN COM SH BEN INT	8,346,410 (+2.5%)	$67.44M (+0.1%)	2.1%	$9.68	—	COM SH BEN INT	95766Q106
SZZL	SIZZLE ACQ CRP II; TNT ACQ DT: 4/2/2027; CASH: $10.00	183,735 (+2.2%)	$1.889M (+3.4%)	0.1%	$9.99	+2.5%	USD CL A ORD SHS	G8193F109
—	MFS GOVT MKTS INCOME TR SH BEN INT	1,744,159 (+3.4%)	$5.128M (+0.5%)	0.2%	$3.74	—	SH BEN INT	552939100

Exited Positions (23)

XMVFX BLACKROCK MUNIVEST FUND 1.8%

Value $57.87M Shares 8,350,955 Est. Cost $7.00 Unrealized —

— BLACKROCK MUN INC TRUST II 1.6%

Value $51.13M Shares 4,897,546 Est. Cost $10.40 Unrealized —

— BLACKROCK MUNICIPAL INCOME TRUST 1.6%

Value $49.68M Shares 4,953,591 Est. Cost $9.83 Unrealized —

— BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND INC 1.2%

Value $37.48M Shares 3,663,762 Est. Cost $10.34 Unrealized —

— NUVEEN NY AMT FREE MUN INCOME COM 1.1%

Value $35.69M Shares 3,536,744 Est. Cost $11.34 Unrealized —

— BLACKROCK NEW YORK MUNICIPAL INCOME TRUST 0.5%

Value $16.77M Shares 1,653,365 Est. Cost $10.15 Unrealized —

KVAC KEEN VISION ACQ CRP; TNT ACQ DT: 4/25/2024; CASH: $10.13 0.4%

Value $14.39M Shares 1,224,460 Est. Cost $10.33 Unrealized +14.9%

XMYDX BLACKROCK MUNIYIELD FUND, INC. 0.3%

Value $8.558M Shares 815,853 Est. Cost $10.45 Unrealized —

XMQTX BLACKROCK MUNIYELD QUALITY FUND II 0.2%

Value $7.506M Shares 746,841 Est. Cost $9.90 Unrealized —

— BLACKROCK MUNIHOLDINGS QUALITY FUND II INC 0.2%

Value $7.291M Shares 726,931 Est. Cost $10.03 Unrealized —

— BLACKROCK MUNICIPAL INCOME QUALITY TRUST 0.2%

Value $5.904M Shares 539,666 Est. Cost $10.90 Unrealized —

— BLACKROCK MINVESTMENT QALITY MUNICIPAL TRUST 0.2%

Value $5.529M Shares 493,618 Est. Cost $11.16 Unrealized —

— Virtus DVD Intrst & PRM STR 0.2%

Value $5.324M Shares 413,044 Est. Cost $11.46 Unrealized —

XMVTX BLACKROCK MUNIVEST FUND II 0.1%

Value $4.735M Shares 438,019 Est. Cost $10.50 Unrealized —

PELI PELICAN ACQ CRP; TNT ACQ DT: 8/23/2026; CASH: $10.00 0.1%

Value $3.492M Shares 344,025 Est. Cost $9.99 Unrealized +5.0%

XBFZX BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST 0.1%

Value $3.069M Shares 285,799 Est. Cost $10.74 Unrealized —

CAPN CAYSON ACQ CRP; TNT ACQ DT:9/20/2025; CASH: $10.00 0.1%

Value $3.024M Shares 284,189 Est. Cost $10.02 Unrealized +7.1%

FORL FOUR LEAF ACQ CRP; TNT ACQ DT: 3/17/2024; CASH: $10.30 0.0%

Value $844K Shares 73,238 Est. Cost $10.38 Unrealized +13.2%

FTW EQV VENTURES ACQ CRPV; TNT ACQ DT: 8/7/2026; CASH: $10.00 0.0%

Value $690K Shares 65,800 Est. Cost $9.92 Unrealized +7.1%

PAYX PAYCHEX INC 0.0%

Value $369K Shares 3,290 Est. Cost $116.54 Unrealized -12.5%

COLA COLUMBUS ACQ CRP; TNT ACQ DT: 1/22/2026; CASH: $10.00 0.0%

Value $316K Shares 30,399 Est. Cost $9.98 Unrealized +5.0%

— ABERDEEN EMERGING MARKETS EQUITY INCOME FUND INC 0.0%

Value $287K Shares 40,947 Est. Cost $7.09 Unrealized —

BCAR D BORAL ARC ACQ CRP; TNT ACQ DT: 4/30/2027; CASH: $10.00 0.0%

Value $105K Shares 10,500 Est. Cost $10.03 Unrealized +1.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XMVFX	BLACKROCK MUNIVEST FUND	8,350,955	$57.87M	1.8%	$7.00	—	—	09253R105
—	BLACKROCK MUN INC TRUST II	4,897,546	$51.13M	1.6%	$10.40	—	—	09249N101
—	BLACKROCK MUNICIPAL INCOME TRUST	4,953,591	$49.68M	1.6%	$9.83	—	—	09248F109
—	BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND INC	3,663,762	$37.48M	1.2%	$10.34	—	—	09255C106
—	NUVEEN NY AMT FREE MUN INCOME COM	3,536,744	$35.69M	1.1%	$11.34	—	—	670656107
—	BLACKROCK NEW YORK MUNICIPAL INCOME TRUST	1,653,365	$16.77M	0.5%	$10.15	—	—	09248l106
KVAC	KEEN VISION ACQ CRP; TNT ACQ DT: 4/25/2024; CASH: $10.13	1,224,460	$14.39M	0.4%	$10.33	+14.9%	—	G52443119
XMYDX	BLACKROCK MUNIYIELD FUND, INC.	815,853	$8.558M	0.3%	$10.45	—	—	09253W104
XMQTX	BLACKROCK MUNIYELD QUALITY FUND II	746,841	$7.506M	0.2%	$9.90	—	—	09254G108
—	BLACKROCK MUNIHOLDINGS QUALITY FUND II INC	726,931	$7.291M	0.2%	$10.03	—	—	09254C107
—	BLACKROCK MUNICIPAL INCOME QUALITY TRUST	539,666	$5.904M	0.2%	$10.90	—	—	092479104
—	BLACKROCK MINVESTMENT QALITY MUNICIPAL TRUST	493,618	$5.529M	0.2%	$11.16	—	—	09247d105
—	Virtus DVD Intrst & PRM STR	413,044	$5.324M	0.2%	$11.46	—	—	92840R101
XMVTX	BLACKROCK MUNIVEST FUND II	438,019	$4.735M	0.1%	$10.50	—	—	09253T101
PELI	PELICAN ACQ CRP; TNT ACQ DT: 8/23/2026; CASH: $10.00	344,025	$3.492M	0.1%	$9.99	+5.0%	—	G6993G103
XBFZX	BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST	285,799	$3.069M	0.1%	$10.74	—	—	09248E102
CAPN	CAYSON ACQ CRP; TNT ACQ DT:9/20/2025; CASH: $10.00	284,189	$3.024M	0.1%	$10.02	+7.1%	—	G1993W109
FORL	FOUR LEAF ACQ CRP; TNT ACQ DT: 3/17/2024; CASH: $10.30	73,238	$844K	0.0%	$10.38	+13.2%	—	35088F107
FTW	EQV VENTURES ACQ CRPV; TNT ACQ DT: 8/7/2026; CASH: $10.00	65,800	$690K	0.0%	$9.92	+7.1%	—	G3106N109
PAYX	PAYCHEX INC	3,290	$369K	0.0%	$116.54	-12.5%	—	704326107
COLA	COLUMBUS ACQ CRP; TNT ACQ DT: 1/22/2026; CASH: $10.00	30,399	$316K	0.0%	$9.98	+5.0%	—	G2295P107
—	ABERDEEN EMERGING MARKETS EQUITY INCOME FUND INC	40,947	$287K	0.0%	$7.09	—	—	00301w105
BCAR	D BORAL ARC ACQ CRP; TNT ACQ DT: 4/30/2027; CASH: $10.00	10,500	$105K	0.0%	$10.03	+1.5%	—	G2616F101

Decreased Positions (70)

AAM AA MISSION ACQ CRP; TNT ACQ DT: 8/1/2026; CASH: $10.05 0.0%

Value $213K (-99.7%) Shares 20,000 (-99.7%) Est. Cost $10.03 Unrealized +6.3%

IEF ISHARES LEHMAN 7-10YR TREAS 0.1%

Value $2.597M (-94.3%) Shares 27,211 (-94.3%) Est. Cost $95.47 Unrealized —

VOO VANGUARD INDEX FDS S&P 500 ETF SH 7.3%

Value $235M (-11.5%) Shares 392,872 (-7.1%) Est. Cost $381.97 Unrealized —

BND VANGUARD BD INDEX FD INC TOTAL BND MRKT 0.8%

Value $25.74M (-47.7%) Shares 349,587 (-47.4%) Est. Cost $73.61 Unrealized —

VTES VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF 0.1%

Value $3.535M (-86.8%) Shares 34,950 (-86.7%) Est. Cost $101.12 Unrealized —

VUG VANGUARD GROWTH ETF 0.5%

Value $14.77M (-58.5%) Shares 33,805 (-53.7%) Est. Cost $349.70 Unrealized —

SHM SPDR SER TR NUVN BR SHT MUNI 0.2%

Value $5.135M (-73.2%) Shares 107,350 (-73.1%) Est. Cost $47.66 Unrealized —

IVV ISHARES CORE S&P500 ETF 1.9%

Value $59.3M (-18.2%) Shares 90,790 (-14.2%) Est. Cost $358.85 Unrealized —

LEGT LEGATO ACQ CRP III; TNT ACQ DT: 2/08/2026; CASH: $10.00 0.7%

Value $23.51M (-35.2%) Shares 2,139,308 (-35.8%) Est. Cost $10.16 Unrealized +7.3%

— EATON VANCE MUN BD FD COM 0.7%

Value $22.43M (-34.2%) Shares 2,296,254 (-34.5%) Est. Cost $10.36 Unrealized —

— ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUST 1.9%

Value $59.9M (-12.0%) Shares 4,697,846 (-8.8%) Est. Cost $12.55 Unrealized —

RFAI RF ACQUISITION CORP II. TNT ACQ DT: 11/21/2025; CASH: $10.05 0.6%

Value $17.88M (-30.5%) Shares 1,640,733 (-31.6%) Est. Cost $10.09 Unrealized +7.1%

VTI VANGUARD INDEX FDS TOTAL STK MKT 0.8%

Value $25.88M (-18.2%) Shares 80,671 (-14.5%) Est. Cost $180.84 Unrealized —

— GABELLI DIVD & INCOME TR COM 1.3%

Value $40.39M (-11.9%) Shares 1,499,700 (-9.2%) Est. Cost $19.43 Unrealized —

LKSP LAKE SUPERIOR ACQ CRP; TNT ACQ DT: 4/7/2027; CASH: $10.00 0.4%

Value $12.88M (-27.2%) Shares 1,284,033 (-28.0%) Est. Cost $9.92 Unrealized +0.7%

— SRH TOTAL RETURN FUND INC 0.0%

Value $503K (-90.1%) Shares 29,393 (-89.3%) Est. Cost $15.67 Unrealized —

VGT VANGUARD WORLD FDS INF TECH ETF 0.5%

Value $14.57M (-22.6%) Shares 20,880 (-16.4%) Est. Cost $332.95 Unrealized —

— BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST 0.3%

Value $10.55M (-28.6%) Shares 1,949,687 (-22.4%) Est. Cost $4.90 Unrealized —

— NUVEEN NAS100 DYN OVERWRT FD 1.4%

Value $43.66M (-8.4%) Shares 1,636,959 (-2.0%) Est. Cost $24.79 Unrealized —

— DWS MUNICIPAL INCOME TRUST 0.9%

Value $29.95M (-11.3%) Shares 3,291,016 (-11.4%) Est. Cost $9.42 Unrealized —

— EATON VANCE TAX-MAN GLOBAL EQUITY FUND 0.3%

Value $10.21M (-27.0%) Shares 1,178,492 (-19.7%) Est. Cost $7.72 Unrealized —

XRPN ARMADA ACQ CRP II; TNT ACQ DT: 5/16/2027; CASH: $10.00 0.1%

Value $2.673M (-52.3%) Shares 259,300 (-52.6%) Est. Cost $10.19 Unrealized +0.6%

VB VANGUARD INDEX FDS SMALL CP ETF 2.6%

Value $84.26M (-2.4%) Shares 321,684 (-3.9%) Est. Cost $147.16 Unrealized —

— EATON VANCE TAX-ADV GLOBAL DIV INCOME FUND 0.2%

Value $7.793M (-19.1%) Shares 387,327 (-7.2%) Est. Cost $15.79 Unrealized —

VPL VANGUARD FTSE PACIFIC ETF 1.1%

Value $35.95M (+4.7%) Shares 367,821 (-3.2%) Est. Cost $65.47 Unrealized —

MACI MELAR ACQ CRP; TNT ACQ DT: 6/18/2025; CASH: $10.00 0.3%

Value $10.65M (-12.5%) Shares 988,505 (-13.7%) Est. Cost $10.00 Unrealized +6.9%

— JAPAN SMALLER CAPTLZTN FD INC COM 0.1%

Value $4.757M (-24.2%) Shares 436,454 (-22.9%) Est. Cost $8.48 Unrealized —

— MS CHINA A SHARE 0.3%

Value $8.282M (-14.3%) Shares 473,263 (-15.0%) Est. Cost $13.22 Unrealized —

EURK EUREKA ACQ CRP; TNT ACQ DT: 1/12/2026; CASH $10.00 0.1%

Value $2.278M (-36.1%) Shares 200,925 (-38.4%) Est. Cost $10.04 Unrealized +10.6%

— VIRTUS GLOBAL DIVIDEND & INCOME FUND 0.1%

Value $3.15M (-26.2%) Shares 475,766 (-29.7%) Est. Cost $5.30 Unrealized —

— PUTNAM MUNI OPPORTUNITIES 0.0%

Value $656K (-62.1%) Shares 63,644 (-60.6%) Est. Cost $10.21 Unrealized —

— TAIWAN FD INC COM 0.2%

Value $4.932M (+18.9%) Shares 75,028 (-3.4%) Est. Cost $32.28 Unrealized —

GPAT GP-ACT III ACQ CRP; TNT ACQ DT: 5/10/2026; CASH: $10.00 0.8%

Value $24.18M (-3.0%) Shares 2,230,216 (-4.4%) Est. Cost $10.04 Unrealized +6.9%

EWY ISHARES MSCI SOUTH KOREA IND 0.3%

Value $9.284M (+7.2%) Shares 75,475 (-15.3%) Est. Cost $72.45 Unrealized —

— EATON VANCE TAX-ADV DVD INC 0.3%

Value $10.22M (-5.7%) Shares 416,375 (-3.2%) Est. Cost $22.43 Unrealized —

— Duff & Phelps Utility & Inc 0.2%

Value $7.699M (-7.1%) Shares 533,200 (-18.2%) Est. Cost $10.27 Unrealized —

NOEM CO2 ENERGY TRANSITION ACQ CRP; TNT ACQ DT: 5/21/2026; CASH: $10.05 0.2%

Value $7.567M (-5.8%) Shares 729,671 (-6.5%) Est. Cost $9.90 Unrealized +4.5%

— First Trust ENH Equity Inc 0.1%

Value $2.753M (-12.1%) Shares 134,930 (-5.1%) Est. Cost $15.95 Unrealized —

VTEB VANGUARD TAX-EXEMPT BOND ETF 0.0%

Value $1.348M (-21.0%) Shares 27,022 (-20.3%) Est. Cost $50.07 Unrealized —

CUB LIONHEART HOLDINGS ACQ CRP; TNT ACQ DT: 6/18/2026; CASH $10.00 0.3%

Value $11.1M (-3.0%) Shares 1,031,975 (-4.2%) Est. Cost $10.00 Unrealized +6.7%

IEV ISHARES EUROPE ETF 0.2%

Value $7.647M (-3.4%) Shares 112,561 (-2.5%) Est. Cost $39.46 Unrealized —

LPAA LAUNCH ONE ACP CRP; TNT ACQ DT: 7/12/2026; CASH: $10.00 0.4%

Value $11.59M (-1.9%) Shares 1,085,250 (-2.7%) Est. Cost $9.99 Unrealized +6.5%

— BNY MELLON STRATEGIC MUNICIPAL BOND FUND INC 0.2%

Value $5.65M (-3.7%) Shares 940,172 (-1.2%) Est. Cost $5.66 Unrealized —

— MainStay CBRE GLOBAL INFRASTRUCTURE MEGATRENDS FUND 0.2%

Value $7.479M (-2.8%) Shares 509,109 (-8.9%) Est. Cost $14.11 Unrealized —

NHIC NEWHOLD INVESTMENT ACQ CRP III; TNT ACQ DT: 2/28/2027; CASH: $10.05 0.0%

Value $870K (-17.3%) Shares 83,900 (-17.6%) Est. Cost $10.06 Unrealized +3.5%

— KKR INCOME OPPORTUNITIES FUND 0.1%

Value $1.856M (-8.7%) Shares 168,693 (-3.8%) Est. Cost $12.29 Unrealized —

TACH TITAN ACQ CRP; TNT ACQ DT: 4/8/2027; CASH: $10.05 0.1%

Value $3.506M (-4.0%) Shares 340,700 (-4.3%) Est. Cost $10.13 Unrealized +1.5%

RTACU RENATUS TACTICAL ACQ CRP UNIT; TNT ACQ DT: 5/15/2027; CASH: $10.025 0.0%

Value $1.471M (-8.7%) Shares 140,244 (-3.6%) Est. Cost $12.73 Unrealized —

OAKU OAK WOODS ACQ CRP; TNT ACQ DT: 3/24/2024; CASH: $10.175 0.0%

Value $814K (-12.3%) Shares 66,700 (-13.0%) Est. Cost $10.23 Unrealized +19.5%

DRDB ROMAN DBDR ACQ CRP II; TNT ACQ DT: 12/17/2026; CASH: $10.05 0.0%

Value $809K (-11.2%) Shares 77,275 (-11.5%) Est. Cost $9.96 Unrealized +5.1%

CCIIU COHEN CIRCLE ACQ CRP UNIT II; TNT ACQ DT: 7/1/2027; CASH: $10.00 0.1%

Value $1.728M (-5.4%) Shares 167,300 (-4.5%) Est. Cost $10.28 Unrealized —

ANSC AGRICULTURE & NATURAL SOLUTIONS ACQ CRP; TNT ACQ DT: 11/10/2025; CASH: $10.00 0.6%

Value $18.77M (-0.5%) Shares 1,662,443 (-1.4%) Est. Cost $10.51 Unrealized +6.6%

BSV VANGUARD BD INDEX FD INC SHORT TRM BOND 0.1%

Value $4.657M (-2.0%) Shares 59,395 (-1.5%) Est. Cost $80.92 Unrealized —

OYSE OYSTER ENTERPRICES ACQ CRP II; TNT ACQ DT: 5/22/2027; CASH: $10.00 0.2%

Value $6.693M (-1.4%) Shares 658,061 (-2.2%) Est. Cost $10.02 Unrealized +1.3%

LPBB LAUNCH TWO ACQ CRP; TNT ACQ DT: 01/7/2026; CASH: $10.05 0.1%

Value $2.617M (-2.4%) Shares 246,400 (-3.7%) Est. Cost $10.03 Unrealized +5.2%

TDAC TRIDENT ACQ CORP; TNT ACQ DATE: 11/30/19; CASH $10.20 0.2%

Value $6.372M (-0.7%) Shares 603,425 (-1.6%) Est. Cost $10.05 Unrealized +4.6%

FSHP FLAG SHIP ACQ CRP; TNT ACQ DT: 6/18/2025; CASH $10.00 0.2%

Value $7.955M (+0.5%) Shares 727,825 (-1.2%) Est. Cost $10.02 Unrealized +8.0%

— GRAF INDUSTRIAL ACQ CORP; TNT ACQ DT: 9/7/2020; CASH $10.00 0.1%

Value $2.063M (-1.8%) Shares 192,600 (-1.4%) Est. Cost $10.03 Unrealized —

PGAC PANTAGES CAPITAL ACQUISITION C 0.3%

Value $8.714M (-0.4%) Shares 831,500 (-1.6%) Est. Cost $9.99 Unrealized +4.3%

IPOD DUNE ACQ CRP; TNT ACQ DT: 8/7/2026; CASH:$10.02 0.0%

Value $1.457M (-2.1%) Shares 141,000 (-3.4%) Est. Cost $10.07 Unrealized +2.0%

APXTU APEX TREASURY ACQ CRP UNIT; TNT ACQ DT: 10/28/2027; CASH: $10.00 0.0%

Value $466K (-6.3%) Shares 46,200 (-7.0%) Est. Cost $10.01 Unrealized —

— ABERDEEN TOTAL DYNAMIC DIVID 0.0%

Value $106K (-20.4%) Shares 11,500 (-15.7%) Est. Cost $7.40 Unrealized —

— DTF TAX-FREE INCOME INC COM 0.0%

Value $220K (-8.4%) Shares 19,211 (-8.7%) Est. Cost $11.43 Unrealized —

PLMK PLUM ACQ CRP IV; TNT ACQ DT: 7/15/2026; CASH: $10.10 0.2%

Value $6.993M (-0.3%) Shares 662,200 (-1.5%) Est. Cost $10.06 Unrealized +4.3%

VT VANGUARD TOTAL WORLD STOCK ETF 0.0%

Value $252K (-3.8%) Shares 1,820 (-1.9%) Est. Cost $128.52 Unrealized —

— PUTNAM PREMIER INCOME TRUST 0.0%

Value $146K (-4.9%) Shares 41,262 (-5.2%) Est. Cost $3.54 Unrealized —

AGG ISHARES LEHMAN AGG BOND FUND 0.0%

Value $336K (-2.1%) Shares 3,385 (-1.5%) Est. Cost $100.18 Unrealized —

IEMG ISHARES CORE MSCI EMERGING MARKETS ETF 0.0%

Value $441K (-0.6%) Shares 6,326 (-4.2%) Est. Cost $43.28 Unrealized —

AFJK AIMEI ACQ CRP; TNT ACQ DT: 12/02/2024; CASH: $10.10 0.0%

Value $888K (+0.1%) Shares 77,125 (-1.2%) Est. Cost $10.18 Unrealized +420.8%

YCY AA MISSION ACQ CRP II; TNT ACQ DT: 10/1/2027; CASH: $10.00 0.0%

Value $664K (-0.1%) Shares 66,175 (-1.0%) Est. Cost $9.96 Unrealized +0.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAM	AA MISSION ACQ CRP; TNT ACQ DT: 8/1/2026; CASH: $10.05	20,000 (-99.7%)	$213K (-99.7%)	0.0%	$10.03	+6.3%	ORD SHS CL A	G1000R101
IEF	ISHARES LEHMAN 7-10YR TREAS	27,211 (-94.3%)	$2.597M (-94.3%)	0.1%	$95.47	—	7-10 YR TRSY BD	464287440
VOO	VANGUARD INDEX FDS S&P 500 ETF SH	392,872 (-7.1%)	$235M (-11.5%)	7.3%	$381.97	—	S&P 500 ETF SHS	922908363
BND	VANGUARD BD INDEX FD INC TOTAL BND MRKT	349,587 (-47.4%)	$25.74M (-47.7%)	0.8%	$73.61	—	TOTAL BND MRKT	921937835
VTES	VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF	34,950 (-86.7%)	$3.535M (-86.8%)	0.1%	$101.12	—	SHORT TRM TAX EX	921935870
VUG	VANGUARD GROWTH ETF	33,805 (-53.7%)	$14.77M (-58.5%)	0.5%	$349.70	—	GROWTH ETF	922908736
SHM	SPDR SER TR NUVN BR SHT MUNI	107,350 (-73.1%)	$5.135M (-73.2%)	0.2%	$47.66	—	STATE STREET SPD	78468R739
IVV	ISHARES CORE S&P500 ETF	90,790 (-14.2%)	$59.3M (-18.2%)	1.9%	$358.85	—	CORE S&P500 ETF	464287200
LEGT	LEGATO ACQ CRP III; TNT ACQ DT: 2/08/2026; CASH: $10.00	2,139,308 (-35.8%)	$23.51M (-35.2%)	0.7%	$10.16	+7.3%	ORD SHS	G5451A103
—	EATON VANCE MUN BD FD COM	2,296,254 (-34.5%)	$22.43M (-34.2%)	0.7%	$10.36	—	COM	27827X101
—	ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUST	4,697,846 (-8.8%)	$59.9M (-12.0%)	1.9%	$12.55	—	COM BEN INT	03464A100
RFAI	RF ACQUISITION CORP II. TNT ACQ DT: 11/21/2025; CASH: $10.05	1,640,733 (-31.6%)	$17.88M (-30.5%)	0.6%	$10.09	+7.1%	SHS	G75389109
VTI	VANGUARD INDEX FDS TOTAL STK MKT	80,671 (-14.5%)	$25.88M (-18.2%)	0.8%	$180.84	—	TOTAL STK MKT	922908769
—	GABELLI DIVD & INCOME TR COM	1,499,700 (-9.2%)	$40.39M (-11.9%)	1.3%	$19.43	—	COM	36242H104
LKSP	LAKE SUPERIOR ACQ CRP; TNT ACQ DT: 4/7/2027; CASH: $10.00	1,284,033 (-28.0%)	$12.88M (-27.2%)	0.4%	$9.92	+0.7%	USD CL A ORD SHS	G5354C107
—	SRH TOTAL RETURN FUND INC	29,393 (-89.3%)	$503K (-90.1%)	0.0%	$15.67	—	COM	101507101
VGT	VANGUARD WORLD FDS INF TECH ETF	20,880 (-16.4%)	$14.57M (-22.6%)	0.5%	$332.95	—	INF TECH ETF	92204A702
—	BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST	1,949,687 (-22.4%)	$10.55M (-28.6%)	0.3%	$4.90	—	COM BENE INTER	092524107
—	NUVEEN NAS100 DYN OVERWRT FD	1,636,959 (-2.0%)	$43.66M (-8.4%)	1.4%	$24.79	—	COM SHS	670699107
—	DWS MUNICIPAL INCOME TRUST	3,291,016 (-11.4%)	$29.95M (-11.3%)	0.9%	$9.42	—	COM	233368109
—	EATON VANCE TAX-MAN GLOBAL EQUITY FUND	1,178,492 (-19.7%)	$10.21M (-27.0%)	0.3%	$7.72	—	COM	27829F108
XRPN	ARMADA ACQ CRP II; TNT ACQ DT: 5/16/2027; CASH: $10.00	259,300 (-52.6%)	$2.673M (-52.3%)	0.1%	$10.19	+0.6%	COM CL A	G0R38G104
VB	VANGUARD INDEX FDS SMALL CP ETF	321,684 (-3.9%)	$84.26M (-2.4%)	2.6%	$147.16	—	SMALL CP ETF	922908751
—	EATON VANCE TAX-ADV GLOBAL DIV INCOME FUND	387,327 (-7.2%)	$7.793M (-19.1%)	0.2%	$15.79	—	COM	27828s101
VPL	VANGUARD FTSE PACIFIC ETF	367,821 (-3.2%)	$35.95M (+4.7%)	1.1%	$65.47	—	FTSE PACIFIC ETF	922042866
MACI	MELAR ACQ CRP; TNT ACQ DT: 6/18/2025; CASH: $10.00	988,505 (-13.7%)	$10.65M (-12.5%)	0.3%	$10.00	+6.9%	SHS CL A	G6004G100
—	JAPAN SMALLER CAPTLZTN FD INC COM	436,454 (-22.9%)	$4.757M (-24.2%)	0.1%	$8.48	—	COM	47109U104
—	MS CHINA A SHARE	473,263 (-15.0%)	$8.282M (-14.3%)	0.3%	$13.22	—	COM	617468103
EURK	EUREKA ACQ CRP; TNT ACQ DT: 1/12/2026; CASH $10.00	200,925 (-38.4%)	$2.278M (-36.1%)	0.1%	$10.04	+10.6%	SHS CL A	G32168109
—	VIRTUS GLOBAL DIVIDEND & INCOME FUND	475,766 (-29.7%)	$3.15M (-26.2%)	0.1%	$5.30	—	COM	92835W107
—	PUTNAM MUNI OPPORTUNITIES	63,644 (-60.6%)	$656K (-62.1%)	0.0%	$10.21	—	SH BEN INT	746922103
—	TAIWAN FD INC COM	75,028 (-3.4%)	$4.932M (+18.9%)	0.2%	$32.28	—	COM	874036106
GPAT	GP-ACT III ACQ CRP; TNT ACQ DT: 5/10/2026; CASH: $10.00	2,230,216 (-4.4%)	$24.18M (-3.0%)	0.8%	$10.04	+6.9%	CL A	G4035N103
EWY	ISHARES MSCI SOUTH KOREA IND	75,475 (-15.3%)	$9.284M (+7.2%)	0.3%	$72.45	—	MSCI STH KOR ETF	464286772
—	EATON VANCE TAX-ADV DVD INC	416,375 (-3.2%)	$10.22M (-5.7%)	0.3%	$22.43	—	COM	27828G107
—	Duff & Phelps Utility & Inc	533,200 (-18.2%)	$7.699M (-7.1%)	0.2%	$10.27	—	COM	26433C105
NOEM	CO2 ENERGY TRANSITION ACQ CRP; TNT ACQ DT: 5/21/2026; CASH: $10.05	729,671 (-6.5%)	$7.567M (-5.8%)	0.2%	$9.90	+4.5%	COM	12664M103
—	First Trust ENH Equity Inc	134,930 (-5.1%)	$2.753M (-12.1%)	0.1%	$15.95	—	COM	337318109
VTEB	VANGUARD TAX-EXEMPT BOND ETF	27,022 (-20.3%)	$1.348M (-21.0%)	0.0%	$50.07	—	TAX EXEMPT BD	922907746
CUB	LIONHEART HOLDINGS ACQ CRP; TNT ACQ DT: 6/18/2026; CASH $10.00	1,031,975 (-4.2%)	$11.1M (-3.0%)	0.3%	$10.00	+6.7%	SHS CL A	G5501C109
IEV	ISHARES EUROPE ETF	112,561 (-2.5%)	$7.647M (-3.4%)	0.2%	$39.46	—	EUROPE ETF	464287861
LPAA	LAUNCH ONE ACP CRP; TNT ACQ DT: 7/12/2026; CASH: $10.00	1,085,250 (-2.7%)	$11.59M (-1.9%)	0.4%	$9.99	+6.5%	SHS CLASS A	G5S86M100
—	BNY MELLON STRATEGIC MUNICIPAL BOND FUND INC	940,172 (-1.2%)	$5.65M (-3.7%)	0.2%	$5.66	—	COM	09662E109
—	MainStay CBRE GLOBAL INFRASTRUCTURE MEGATRENDS FUND	509,109 (-8.9%)	$7.479M (-2.8%)	0.2%	$14.11	—	COM	56064Q107
NHIC	NEWHOLD INVESTMENT ACQ CRP III; TNT ACQ DT: 2/28/2027; CASH: $10.05	83,900 (-17.6%)	$870K (-17.3%)	0.0%	$10.06	+3.5%	ORD SHS CL A	G6486E102
—	KKR INCOME OPPORTUNITIES FUND	168,693 (-3.8%)	$1.856M (-8.7%)	0.1%	$12.29	—	COM	48249T106
TACH	TITAN ACQ CRP; TNT ACQ DT: 4/8/2027; CASH: $10.05	340,700 (-4.3%)	$3.506M (-4.0%)	0.1%	$10.13	+1.5%	CL A	G8901A103
RTACU	RENATUS TACTICAL ACQ CRP UNIT; TNT ACQ DT: 5/15/2027; CASH: $10.025	140,244 (-3.6%)	$1.471M (-8.7%)	0.0%	$12.73	—	UNIT 05/15/2030	G7490F119
OAKU	OAK WOODS ACQ CRP; TNT ACQ DT: 3/24/2024; CASH: $10.175	66,700 (-13.0%)	$814K (-12.3%)	0.0%	$10.23	+19.5%	CL A	67190B104
DRDB	ROMAN DBDR ACQ CRP II; TNT ACQ DT: 12/17/2026; CASH: $10.05	77,275 (-11.5%)	$809K (-11.2%)	0.0%	$9.96	+5.1%	ORD SHS CL A	G7633M104
CCIIU	COHEN CIRCLE ACQ CRP UNIT II; TNT ACQ DT: 7/1/2027; CASH: $10.00	167,300 (-4.5%)	$1.728M (-5.4%)	0.1%	$10.28	—	UNIT 07/01/2030	G2254C105
ANSC	AGRICULTURE & NATURAL SOLUTIONS ACQ CRP; TNT ACQ DT: 11/10/2025; CASH: $10.00	1,662,443 (-1.4%)	$18.77M (-0.5%)	0.6%	$10.51	+6.6%	SHS CL A	G0131Y100
BSV	VANGUARD BD INDEX FD INC SHORT TRM BOND	59,395 (-1.5%)	$4.657M (-2.0%)	0.1%	$80.92	—	SHORT TRM BOND	921937827
OYSE	OYSTER ENTERPRICES ACQ CRP II; TNT ACQ DT: 5/22/2027; CASH: $10.00	658,061 (-2.2%)	$6.693M (-1.4%)	0.2%	$10.02	+1.3%	ORD SHS CL A	G6861F104
LPBB	LAUNCH TWO ACQ CRP; TNT ACQ DT: 01/7/2026; CASH: $10.05	246,400 (-3.7%)	$2.617M (-2.4%)	0.1%	$10.03	+5.2%	ORD SHS CL A	G5S87A105
TDAC	TRIDENT ACQ CORP; TNT ACQ DATE: 11/30/19; CASH $10.20	603,425 (-1.6%)	$6.372M (-0.7%)	0.2%	$10.05	+4.6%	COM CL A	G9008W105
FSHP	FLAG SHIP ACQ CRP; TNT ACQ DT: 6/18/2025; CASH $10.00	727,825 (-1.2%)	$7.955M (+0.5%)	0.2%	$10.02	+8.0%	ORD SHS	G3530C109
—	GRAF INDUSTRIAL ACQ CORP; TNT ACQ DT: 9/7/2020; CASH $10.00	192,600 (-1.4%)	$2.063M (-1.8%)	0.1%	$10.03	—	ORD SHS CL A	g4036c106
PGAC	PANTAGES CAPITAL ACQUISITION C	831,500 (-1.6%)	$8.714M (-0.4%)	0.3%	$9.99	+4.3%	ORD SHS CL A	G8089R100
IPOD	DUNE ACQ CRP; TNT ACQ DT: 8/7/2026; CASH:$10.02	141,000 (-3.4%)	$1.457M (-2.1%)	0.0%	$10.07	+2.0%	SHS CL A	G2867S109
APXTU	APEX TREASURY ACQ CRP UNIT; TNT ACQ DT: 10/28/2027; CASH: $10.00	46,200 (-7.0%)	$466K (-6.3%)	0.0%	$10.01	—	UNIT 10/07/2030	G04104116
—	ABERDEEN TOTAL DYNAMIC DIVID	11,500 (-15.7%)	$106K (-20.4%)	0.0%	$7.40	—	COM SH BEN INT	00326l100
—	DTF TAX-FREE INCOME INC COM	19,211 (-8.7%)	$220K (-8.4%)	0.0%	$11.43	—	COM	23334J107
PLMK	PLUM ACQ CRP IV; TNT ACQ DT: 7/15/2026; CASH: $10.10	662,200 (-1.5%)	$6.993M (-0.3%)	0.2%	$10.06	+4.3%	SHS CL A	G7134A104
VT	VANGUARD TOTAL WORLD STOCK ETF	1,820 (-1.9%)	$252K (-3.8%)	0.0%	$128.52	—	TT WRLD ST ETF	922042742
—	PUTNAM PREMIER INCOME TRUST	41,262 (-5.2%)	$146K (-4.9%)	0.0%	$3.54	—	SH BEN INT	746853100
AGG	ISHARES LEHMAN AGG BOND FUND	3,385 (-1.5%)	$336K (-2.1%)	0.0%	$100.18	—	CORE US AGGBD ET	464287226
IEMG	ISHARES CORE MSCI EMERGING MARKETS ETF	6,326 (-4.2%)	$441K (-0.6%)	0.0%	$43.28	—	CORE MSCI EMKT	46434G103
AFJK	AIMEI ACQ CRP; TNT ACQ DT: 12/02/2024; CASH: $10.10	77,125 (-1.2%)	$888K (+0.1%)	0.0%	$10.18	+420.8%	SHS	G01341109
YCY	AA MISSION ACQ CRP II; TNT ACQ DT: 10/1/2027; CASH: $10.00	66,175 (-1.0%)	$664K (-0.1%)	0.0%	$9.96	+0.8%	ORD SHS CL A	G1000S109

Unchanged Positions (62)

— NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND 1.2%

Value $39.5M Shares 3,069,100 Est. Cost $12.72 Unrealized —

IWB ISHARES RUSSELL 1000 ETF 0.9%

Value $30.34M Shares 85,096 Est. Cost $325.57 Unrealized —

— BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND 1.7%

Value $55.95M Shares 5,379,853 Est. Cost $10.66 Unrealized —

BLV VANGUARD BD INDEX FD INC LONG TERM BOND 4.2%

Value $136M Shares 1,970,328 Est. Cost $70.13 Unrealized —

— BLACKROCK ENHANCED GLOBAL DIVIDEND TRUST 0.4%

Value $13.28M Shares 1,211,742 Est. Cost $9.50 Unrealized —

— BLACKROCK INCOME TR INC COM 0.6%

Value $19.57M Shares 1,851,052 Est. Cost $11.07 Unrealized —

— BLACKROCK CORE BD TR SHS BEN INT 0.5%

Value $17.22M Shares 1,879,578 Est. Cost $9.72 Unrealized —

— Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund 0.4%

Value $14.27M Shares 1,625,403 Est. Cost $8.06 Unrealized —

— NEW GERMANY FUND 0.1%

Value $3.753M Shares 367,181 Est. Cost $8.40 Unrealized —

— BLACKROCK HEALTH SCIENCES 0.2%

Value $5.447M Shares 141,442 Est. Cost $39.81 Unrealized —

QSEA QUARTZSEA ACQ CRP; TNT ACQ DT: 6/18/2026; CASH: $10.00 0.7%

Value $23.4M Shares 2,256,805 Est. Cost $10.02 Unrealized +2.6%

DMAA DRUGS MADE IN AMERICA ACQ CRP: 4/28/2026; CASH: $10.05 0.8%

Value $26.52M Shares 2,530,517 Est. Cost $10.02 Unrealized +4.1%

MSFT MICROSOFT CORP COM 0.0%

Value $629K Shares 1,700 Est. Cost $222.90 Unrealized +95.0%

ORCL ORACLE CORP COM 0.0%

Value $522K Shares 3,550 Est. Cost $73.60 Unrealized +130.5%

SIMA SIM ACQ CRP; TNT ACQ DT8/30/2024 7/12/2026; CASH $10.00 0.6%

Value $18.49M Shares 1,725,032 Est. Cost $10.00 Unrealized +6.4%

TAVI TAVIA ACQ CRP; TNT ACQ DT: 6/4/2026; CASH: $10.05 0.7%

Value $22.99M Shares 2,177,202 Est. Cost $9.96 Unrealized +5.2%

LLY LILLY ELI & CO COM 0.0%

Value $625K Shares 680 Est. Cost $290.91 Unrealized +259.9%

CHAR CHARLTON ASIA ACQ CRP; TNT ACQ DT: 04/24/2026; CASH: $10.025 0.5%

Value $14.99M Shares 1,418,110 Est. Cost $9.95 Unrealized +5.6%

KCHV KOCHAV DEFENSE ACQ CRP; TNT ACQ DT: 11/28/2026; CASH: $10.00 0.2%

Value $7.831M Shares 764,019 Est. Cost $10.10 Unrealized +0.8%

MLAC MOUNTAIN LAKE ACQ CRP; TNT ACQ DT: 6/13/2026; CASH: $10.05 0.2%

Value $6.531M Shares 620,220 Est. Cost $10.00 Unrealized +4.5%

APAD A PARADISE ACQ CRP; TTNT ACQ DT: 7/30/2027; CASH: $10.00 0.2%

Value $6.652M Shares 654,061 Est. Cost $10.00 Unrealized +0.6%

YHNA YHN ACQ CRP; TNT ACQ DT: 12/18/2025; CASH: $10.05 0.3%

Value $8.216M Shares 765,701 Est. Cost $10.02 Unrealized +6.5%

FVN FUTURE VISION ACQ CRP II; TNT ACQ DT: 03/21/2026; CASH: $10.05 0.2%

Value $5.148M Shares 480,644 Est. Cost $10.01 Unrealized +6.0%

SPY SPDR S&P 500 ETF TR TR UNIT 0.0%

Value $1.558M Shares 2,396 Est. Cost $486.49 Unrealized —

COPL COPLEY ACQ CRP; TNT ACQ DT: 4/30/2027; CASH: $10.05 0.5%

Value $15.73M Shares 1,526,827 Est. Cost $10.06 Unrealized +2.0%

BACC BLUE ACQ CRP; TNT ACQ DT: 03/13/2027; CASH: $10.00 0.2%

Value $6.596M Shares 645,990 Est. Cost $10.06 Unrealized +1.7%

SOUL SOULPOWER ACQ CRP; TNT ACQ DT: 4/2/2027; CASH: $10.00 0.2%

Value $5.972M Shares 582,590 Est. Cost $9.97 Unrealized +2.4%

QUMS QUANTUMSPHERE ACQ CRP; TNT ACQ DT: 2/6/2027; CASH: $10.00 0.2%

Value $4.998M Shares 493,875 Est. Cost $9.98 Unrealized +0.7%

SPEG SILVER PEGASUS ACQ CRP; TNT ACQ DT: 1/15/2027; CASH: $10.00 0.1%

Value $4.118M Shares 404,542 Est. Cost $10.04 Unrealized +0.6%

INAC INDIGO ACQ CRP; TNT ACQ DT: 03/30/2027; CASH: $10.00 0.2%

Value $6.651M Shares 656,597 Est. Cost $10.01 Unrealized +0.9%

DIS DISNEY WALT CO COM DISNEY 0.0%

Value $213K Shares 2,215 Est. Cost $102.38 Unrealized +6.9%

SOCA SOLARIUS ACQ CRP; TNT ACQ DT: 4/16/2027; CASH: $10.05 0.1%

Value $2.732M Shares 268,615 Est. Cost $10.05 Unrealized +0.6%

IEUR ISHARES TR CORE MSCI EURO 1.1%

Value $34.61M Shares 492,537 Est. Cost $57.27 Unrealized —

DTSQ DT CLOUD STAR ACQ CRP; TNT ACQ DT: 10/25/2025; CASH: $10.05 0.0%

Value $1.069M Shares 96,600 Est. Cost $10.01 Unrealized +8.7%

POLE ANDRETTI ACQ CRP II; TNT ACQ DT: 9/6/2026; CASH: $10.05 0.1%

Value $2.54M Shares 238,650 Est. Cost $9.98 Unrealized +6.0%

KFII K&F GROWTH ACQ CRP; TNT ACQ DT: 11/05/2026; CASH: $10.05 0.4%

Value $13.74M Shares 1,317,137 Est. Cost $9.99 Unrealized +3.9%

LCCC LAKESHORE ACQ CRP III; TNT ACQ DT: 7/30/2026; CASH:$10.00 0.1%

Value $3.096M Shares 300,875 Est. Cost $10.02 Unrealized +2.2%

ALIS CALISA ACQ CRP; TNT ACQ DT: 4/22/2027; CASH: $10.00 0.2%

Value $4.993M Shares 500,350 Est. Cost $9.91 Unrealized +0.8%

IPEX INFLECTION POINT ACQUISITION CORP. V 0.3%

Value $10.47M Shares 1,007,143 Est. Cost $9.91 Unrealized +4.1%

RIBB RIBBON ACQ CRP; TNT ACQ DT: 1/15/2026; CASH: $10.00 0.1%

Value $2.29M Shares 218,287 Est. Cost $9.97 Unrealized +5.0%

RANG RANGE CAPITAL ACQ CRP; TNT ACQ DT: 6/20/2026; CASH: $10.05 0.1%

Value $2.791M Shares 265,540 Est. Cost $10.02 Unrealized +4.4%

HD HOME DEPOT INC COM 0.0%

Value $460K Shares 1,400 Est. Cost $182.94 Unrealized +106.1%

CRAQ CAL REDWOOD ACQ CRP; TNT ACQ DT: 5/23/2027; CASH:$10.00 0.1%

Value $3.525M Shares 346,940 Est. Cost $10.00 Unrealized +1.5%

VACH VOYAGER ACQ CRP; TNT ACQ DT: 8/9/2026; CASH: $10.05 0.2%

Value $7.144M Shares 667,041 Est. Cost $10.00 Unrealized +6.6%

BLUW BLUE WATER ACQ CRP III; TNT ACQ DT: 06/10/2027; CASH: $10.00 0.1%

Value $2.663M Shares 259,770 Est. Cost $10.07 Unrealized +2.6%

AMGN AMGEN INC COM 0.0%

Value $239K Shares 680 Est. Cost $315.95 Unrealized +10.7%

BDCIU BTC DEVELOPMENT ACQ CRP UNIT; TNT ACQ DT: 4/16/2027; CASH: $10.05 0.0%

Value $1.471M Shares 145,800 Est. Cost $10.10 Unrealized —

XRPNU ARMADA CQ CRP UNIT II; TNT ACQ DT: 5/16/2027; CASH: $10.00 0.1%

Value $3.163M Shares 299,800 Est. Cost $10.21 Unrealized —

GSHR GESHER ACQ CRP; TNT ACQ DT: 12/21/2026; CASH: $10.03 0.0%

Value $1.544M Shares 149,000 Est. Cost $10.05 Unrealized +2.5%

BSAA BEST SPAC ACQ CRP; TNT ACQ DT: 12/13/2026; CASH: $10.00 0.1%

Value $1.743M Shares 170,501 Est. Cost $10.07 Unrealized +1.2%

UYSC UY SCUTI ACQ CRP; TNT ACQ DT: 9/30/2026; CASH: $10.00 0.1%

Value $3.075M Shares 296,281 Est. Cost $10.02 Unrealized +2.6%

ABBV ABBVIE INC COM 0.0%

Value $228K Shares 1,050 Est. Cost $201.95 Unrealized +10.2%

SVCC STELLAR V CAPITAL ACQ CRP; TNT ACQ DT: 6/20/2026; CASH: $10.07 0.1%

Value $3.072M Shares 294,000 Est. Cost $10.02 Unrealized +3.8%

ACWX ISHARES TR MSCI ACWI EX US 0.0%

Value $406K Shares 5,935 Est. Cost $53.59 Unrealized —

— RIVERNORTH FLEXIBLE MUNICIPAL INCOME FUND II 0.1%

Value $3.329M Shares 263,185 Est. Cost $13.53 Unrealized —

AXIN AXIOM INTELLGENCE ACQ CRP; TNT ACQ DT: 6/18/2027; CASH: $10.00 0.0%

Value $1.038M Shares 102,500 Est. Cost $10.05 Unrealized +0.6%

NTWO NEWBURY STREET ACQ CRP II; TNT ACQ DT: 10/31/2026; CASH: $10.05 0.2%

Value $6.028M Shares 573,512 Est. Cost $9.98 Unrealized +5.1%

CHPG CHAMPIONSGATE ACQ CRP; TNT ACQ DT: 11/27/2026; CASH: $10.05 0.0%

Value $1.408M Shares 137,380 Est. Cost $10.04 Unrealized +2.2%

DYORU INSIGHT DIGITAL PARTNERS ACQ CRP II UNIT; TNT ACQ DT: 10/29/2027; CASH: $10.00 0.0%

Value $199K Shares 19,550 Est. Cost $10.07 Unrealized —

PAII PYROPHYTE ACQ CRP; TNT ACQ DT: 7/17/2027; CASH: $10.00 0.0%

Value $505K Shares 50,000 Est. Cost $10.06 Unrealized +0.5%

LATA GALATA ACQ CRP II; TNT ACQ DT: 9/19/2027; CASH: $10.00 0.0%

Value $150K Shares 15,000 Est. Cost $9.97 Unrealized +0.5%

RDAC Rising Dragon Acquisition Corp 0.2%

Value $7.69M Shares 736,550 Est. Cost $10.06 Unrealized -29.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND	3,069,100	$39.5M	1.2%	$12.72	—	COMMON STOCK	64133Q108
IWB	ISHARES RUSSELL 1000 ETF	85,096	$30.34M	0.9%	$325.57	—	RUS 1000 ETF	464287622
—	BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND	5,379,853	$55.95M	1.7%	$10.66	—	COM	09254L107
BLV	VANGUARD BD INDEX FD INC LONG TERM BOND	1,970,328	$136M	4.2%	$70.13	—	LONG TERM BOND	921937793
—	BLACKROCK ENHANCED GLOBAL DIVIDEND TRUST	1,211,742	$13.28M	0.4%	$9.50	—	COM	092501105
—	BLACKROCK INCOME TR INC COM	1,851,052	$19.57M	0.6%	$11.07	—	COM NEW	09247F209
—	BLACKROCK CORE BD TR SHS BEN INT	1,879,578	$17.22M	0.5%	$9.72	—	SHS BEN INT	09249E101
—	Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund	1,625,403	$14.27M	0.4%	$8.06	—	COM	27829C105
—	NEW GERMANY FUND	367,181	$3.753M	0.1%	$8.40	—	COM	644465106
—	BLACKROCK HEALTH SCIENCES	141,442	$5.447M	0.2%	$39.81	—	COM	09250W107
QSEA	QUARTZSEA ACQ CRP; TNT ACQ DT: 6/18/2026; CASH: $10.00	2,256,805	$23.4M	0.7%	$10.02	+2.6%	ORD SHS	G7314B104
DMAA	DRUGS MADE IN AMERICA ACQ CRP: 4/28/2026; CASH: $10.05	2,530,517	$26.52M	0.8%	$10.02	+4.1%	ORD SHS	G2847J104
MSFT	MICROSOFT CORP COM	1,700	$629K	0.0%	$222.90	+95.0%	COM	594918104
ORCL	ORACLE CORP COM	3,550	$522K	0.0%	$73.60	+130.5%	COM	68389X105
SIMA	SIM ACQ CRP; TNT ACQ DT8/30/2024 7/12/2026; CASH $10.00	1,725,032	$18.49M	0.6%	$10.00	+6.4%	SHS CL A	G8431T101
TAVI	TAVIA ACQ CRP; TNT ACQ DT: 6/4/2026; CASH: $10.05	2,177,202	$22.99M	0.7%	$9.96	+5.2%	SHS	G86880104
LLY	LILLY ELI & CO COM	680	$625K	0.0%	$290.91	+259.9%	COM	532457108
CHAR	CHARLTON ASIA ACQ CRP; TNT ACQ DT: 04/24/2026; CASH: $10.025	1,418,110	$14.99M	0.5%	$9.95	+5.6%	ORD SHS CL A	G9877L107
KCHV	KOCHAV DEFENSE ACQ CRP; TNT ACQ DT: 11/28/2026; CASH: $10.00	764,019	$7.831M	0.2%	$10.10	+0.8%	SHS CL A	G5304D106
MLAC	MOUNTAIN LAKE ACQ CRP; TNT ACQ DT: 6/13/2026; CASH: $10.05	620,220	$6.531M	0.2%	$10.00	+4.5%	SHS CL A	G6301B101
APAD	A PARADISE ACQ CRP; TTNT ACQ DT: 7/30/2027; CASH: $10.00	654,061	$6.652M	0.2%	$10.00	+0.6%	COM CL A	G04819101
YHNA	YHN ACQ CRP; TNT ACQ DT: 12/18/2025; CASH: $10.05	765,701	$8.216M	0.3%	$10.02	+6.5%	SHS	G1514D101
FVN	FUTURE VISION ACQ CRP II; TNT ACQ DT: 03/21/2026; CASH: $10.05	480,644	$5.148M	0.2%	$10.01	+6.0%	SHS	G37068106
SPY	SPDR S&P 500 ETF TR TR UNIT	2,396	$1.558M	0.0%	$486.49	—	TR UNIT	78462F103
COPL	COPLEY ACQ CRP; TNT ACQ DT: 4/30/2027; CASH: $10.05	1,526,827	$15.73M	0.5%	$10.06	+2.0%	ORD SHS CL A	G24243100
BACC	BLUE ACQ CRP; TNT ACQ DT: 03/13/2027; CASH: $10.00	645,990	$6.596M	0.2%	$10.06	+1.7%	ORD SHS CL A	G1331A108
SOUL	SOULPOWER ACQ CRP; TNT ACQ DT: 4/2/2027; CASH: $10.00	582,590	$5.972M	0.2%	$9.97	+2.4%	USD CL A ORD SHS	G82745103
QUMS	QUANTUMSPHERE ACQ CRP; TNT ACQ DT: 2/6/2027; CASH: $10.00	493,875	$4.998M	0.2%	$9.98	+0.7%	ORD SHS	G7387B106
SPEG	SILVER PEGASUS ACQ CRP; TNT ACQ DT: 1/15/2027; CASH: $10.00	404,542	$4.118M	0.1%	$10.04	+0.6%	SHS CL A	G8192J102
INAC	INDIGO ACQ CRP; TNT ACQ DT: 03/30/2027; CASH: $10.00	656,597	$6.651M	0.2%	$10.01	+0.9%	ORD SHS	G4791J106
DIS	DISNEY WALT CO COM DISNEY	2,215	$213K	0.0%	$102.38	+6.9%	COM	254687106
SOCA	SOLARIUS ACQ CRP; TNT ACQ DT: 4/16/2027; CASH: $10.05	268,615	$2.732M	0.1%	$10.05	+0.6%	SHS CL A	G82617104
IEUR	ISHARES TR CORE MSCI EURO	492,537	$34.61M	1.1%	$57.27	—	CORE MSCI EURO	46434V738
DTSQ	DT CLOUD STAR ACQ CRP; TNT ACQ DT: 10/25/2025; CASH: $10.05	96,600	$1.069M	0.0%	$10.01	+8.7%	SHS	G2853N106
POLE	ANDRETTI ACQ CRP II; TNT ACQ DT: 9/6/2026; CASH: $10.05	238,650	$2.54M	0.1%	$9.98	+6.0%	ORD SHS CL A	G26745102
KFII	K&F GROWTH ACQ CRP; TNT ACQ DT: 11/05/2026; CASH: $10.05	1,317,137	$13.74M	0.4%	$9.99	+3.9%	SHS CL A	G52258111
LCCC	LAKESHORE ACQ CRP III; TNT ACQ DT: 7/30/2026; CASH:$10.00	300,875	$3.096M	0.1%	$10.02	+2.2%	USD ORD SHS	G5353S103
ALIS	CALISA ACQ CRP; TNT ACQ DT: 4/22/2027; CASH: $10.00	500,350	$4.993M	0.2%	$9.91	+0.8%	ORD SHS	G1771C101
IPEX	INFLECTION POINT ACQUISITION CORP. V	1,007,143	$10.47M	0.3%	$9.91	+4.1%	ORD SHS CL A	G6001J107
RIBB	RIBBON ACQ CRP; TNT ACQ DT: 1/15/2026; CASH: $10.00	218,287	$2.29M	0.1%	$9.97	+5.0%	ORD SHS CL A	G7552W109
RANG	RANGE CAPITAL ACQ CRP; TNT ACQ DT: 6/20/2026; CASH: $10.05	265,540	$2.791M	0.1%	$10.02	+4.4%	ORD SHS	G7375C108
HD	HOME DEPOT INC COM	1,400	$460K	0.0%	$182.94	+106.1%	COM	437076102
CRAQ	CAL REDWOOD ACQ CRP; TNT ACQ DT: 5/23/2027; CASH:$10.00	346,940	$3.525M	0.1%	$10.00	+1.5%	COM CL A	G17564108
VACH	VOYAGER ACQ CRP; TNT ACQ DT: 8/9/2026; CASH: $10.05	667,041	$7.144M	0.2%	$10.00	+6.6%	CL A	G93A7H104
BLUW	BLUE WATER ACQ CRP III; TNT ACQ DT: 06/10/2027; CASH: $10.00	259,770	$2.663M	0.1%	$10.07	+2.6%	ORD SHS CL A	G1368E106
AMGN	AMGEN INC COM	680	$239K	0.0%	$315.95	+10.7%	COM	031162100
BDCIU	BTC DEVELOPMENT ACQ CRP UNIT; TNT ACQ DT: 4/16/2027; CASH: $10.05	145,800	$1.471M	0.0%	$10.10	—	UNIT 09/11/2030	G0701G125
XRPNU	ARMADA CQ CRP UNIT II; TNT ACQ DT: 5/16/2027; CASH: $10.00	299,800	$3.163M	0.1%	$10.21	—	UNIT 05/21/2030	G0R38G120
GSHR	GESHER ACQ CRP; TNT ACQ DT: 12/21/2026; CASH: $10.03	149,000	$1.544M	0.0%	$10.05	+2.5%	USD CL A ORD SHS	G3852D107
BSAA	BEST SPAC ACQ CRP; TNT ACQ DT: 12/13/2026; CASH: $10.00	170,501	$1.743M	0.1%	$10.07	+1.2%	USD CL A ORD SHS	G1069P103
UYSC	UY SCUTI ACQ CRP; TNT ACQ DT: 9/30/2026; CASH: $10.00	296,281	$3.075M	0.1%	$10.02	+2.6%	ORD SHS	G93Y0A104
ABBV	ABBVIE INC COM	1,050	$228K	0.0%	$201.95	+10.2%	COM	00287Y109
SVCC	STELLAR V CAPITAL ACQ CRP; TNT ACQ DT: 6/20/2026; CASH: $10.07	294,000	$3.072M	0.1%	$10.02	+3.8%	SHS CL A	G8475V103
ACWX	ISHARES TR MSCI ACWI EX US	5,935	$406K	0.0%	$53.59	—	MSCI ACWI EX US	464288240
—	RIVERNORTH FLEXIBLE MUNICIPAL INCOME FUND II	263,185	$3.329M	0.1%	$13.53	—	COM	76883Y107
AXIN	AXIOM INTELLGENCE ACQ CRP; TNT ACQ DT: 6/18/2027; CASH: $10.00	102,500	$1.038M	0.0%	$10.05	+0.6%	ORD SHS CL A	G0750N104
NTWO	NEWBURY STREET ACQ CRP II; TNT ACQ DT: 10/31/2026; CASH: $10.05	573,512	$6.028M	0.2%	$9.98	+5.1%	ORD SHS CL A	G6439S109
CHPG	CHAMPIONSGATE ACQ CRP; TNT ACQ DT: 11/27/2026; CASH: $10.05	137,380	$1.408M	0.0%	$10.04	+2.2%	SHS CL A	G2124S108
DYORU	INSIGHT DIGITAL PARTNERS ACQ CRP II UNIT; TNT ACQ DT: 10/29/2027; CASH: $10.00	19,550	$199K	0.0%	$10.07	—	UNIT 10/28/2030	G4814G121
PAII	PYROPHYTE ACQ CRP; TNT ACQ DT: 7/17/2027; CASH: $10.00	50,000	$505K	0.0%	$10.06	+0.5%	CL A SHS	G7309T102
LATA	GALATA ACQ CRP II; TNT ACQ DT: 9/19/2027; CASH: $10.00	15,000	$150K	0.0%	$9.97	+0.5%	ORD SHS CL A	G3R25N108
RDAC	Rising Dragon Acquisition Corp	736,550	$7.69M	0.2%	$10.06	-29.6%	SHS	G7576K107