The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ROYAL GOLD INC NOTE 2.875% 6/1 780287AA6 332 314,000 PRN   DFND   0 314,000 0
ALPHABET INC CAP STK CL C 02079K107 2,207 2,661 SH   DFND   0 2,661 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 690 120,664 SH   DFND   0 120,664 0
B2GOLD CORP COM 11777Q209 105 37,100 SH   DFND   0 37,100 0
CALAMOS GBL DYN INCOME FUND COM 12811L107 457 58,601 SH   DFND   0 58,601 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 2,700 262,368 SH   DFND   0 262,368 0
COHEN & STEERS REIT & PFD IN COM 19247X100 719 37,164 SH   DFND   0 37,164 0
COLGATE PALMOLIVE CO COM 194162103 893 12,200 SH   DFND   0 12,200 0
COTT CORP QUE COM 22163N106 4,511 364,951 SH   DFND   0 364,951 0
COVANTA HLDG CORP COM 22282E102 3,264 207,907 SH   DFND   0 207,907 0
DUFF & PHELPS GLB UTL INC FD COM 26433C105 4,124 253,609 SH   DFND   0 253,609 0
EVERSOURCE ENERGY COM 30040W108 1,755 29,860 SH   DFND   0 29,860 0
FASTENAL CO COM 311900104 1,368 26,557 SH   DFND   0 26,557 0
FRANKLIN UNVL TR SH BEN INT 355145103 7,742 1,107,610 SH   DFND   0 1,107,610 0
GLOBAL SELF STORAGE INC COM 37955N106 4,380 918,189 SH   DFND   0 918,189 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 247 33,093 SH   DFND   0 33,093 0
LAZARD WORLD DIVID & INCOME COM 521076109 316 29,634 SH   DFND   0 29,634 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 6,843 535,440 SH   DFND   0 535,440 0
MEDICAL PPTYS TRUST INC COM 58463J304 8,402 651,852 SH   DFND   0 651,852 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 4,263 696,547 SH   DFND   0 696,547 0
NEW SR INVT GROUP INC COM 648691103 6,954 681,752 SH   DFND   0 681,752 0
PROCTER AND GAMBLE CO COM 742718109 810 9,016 SH   DFND   0 9,016 0
ROYAL GOLD INC COM 780287108 8,394 119,822 SH   DFND   0 119,822 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 1,153 131,198 SH   DFND   0 131,198 0
SANDSTORM GOLD LTD COM NEW 80013R206 6,439 1,507,948 SH   DFND   0 1,507,948 0
SILVER WHEATON CORP COM 828336107 8,921 428,075 SH   DFND   0 428,075 0
SPARK NETWORKS INC COM 84651P100 572 555,012 SH   DFND   0 555,012 0
SPECIAL OPPORTUNITIES FD INC COM 84741T104 201 13,768 SH   DFND   0 13,768 0
SUNOPTA INC COM 8676EP108 1,887 271,552 SH   DFND   0 271,552 0
TEMPLETON GLOBAL INCOME FD COM 880198106 4,333 651,620 SH   DFND   0 651,620 0
GDL FUND COM SH BEN IT 361570104 3,481 353,776 SH   DFND   0 353,776 0
U S GLOBAL INVS INC CL A 902952100 3,746 2,401,526 SH   DFND   0 2,401,526 0
INVESCO SR INCOME TR COM 46131H107 120 25,998 SH   DFND   0 25,998 0
VEREIT INC COM 92339V100 2,647 311,800 SH   DFND   0 311,800 0
VOYA PRIME RATE TR SH BEN INT 92913A100 68 12,550 SH   DFND   0 12,550 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 29,005 2,596,718 SH   DFND   0 2,596,718 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 6,071 527,433 SH   DFND   0 527,433 0
WELLS FARGO GLOBAL DIVIDEND COM 94987C103 129 22,159 SH   DFND   0 22,159 0
WELLS FARGO MULTI SECTOR INC COM 94987D101 179 13,420 SH   DFND   0 13,420 0
AEGON N V NY REGISTRY SH 007924103 65 12,651 SH   DFND   0 12,651 0
APPLE INC COM 037833100 364 2,537 SH   DFND   0 2,537 0
ASSOCIATED CAP GROUP INC CL A 045528106 963 26,641 SH   DFND   0 26,641 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,217 7,301 SH   DFND   0 7,301 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 557 44,952 SH   DFND   0 44,952 0
BLACKROCK CR ALLCTN INC TR COM 092508100 996 75,677 SH   DFND   0 75,677 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,136 71,733 SH   DFND   0 71,733 0
BOULDER GROWTH & INCOME FD I COM 101507101 456 49,004 SH   DFND   0 49,004 0
CALAMOS GLOBAL TOTAL RETURN COM SH BEN INT 128118106 1,414 117,697 SH   DFND   0 117,697 0
CLAYMORE EXCHANGE TRD FD TR GUGG CRP BD 2017 18383M548 8,478 374,781 SH   DFND   0 374,781 0
CLOUGH GLOBAL DIVND AND INC COM 18913Y103 410 30,870 SH   DFND   0 30,870 0
COFFEE HLDGS INC COM 192176105 53 11,475 SH   DFND   0 11,475 0
CONSOLIDATED EDISON INC COM 209115104 648 8,343 SH   DFND   0 8,343 0
DTE ENERGY CO COM 233331107 730 7,146 SH   DFND   0 7,146 0
DISNEY WALT CO COM DISNEY 254687106 2,432 21,450 SH   DFND   0 21,450 0
DIVERSIFIED REAL ASSET INC F COM SHS 25533B108 231 13,307 SH   DFND   0 13,307 0
EATON VANCE MI MUNI INCOME T SH BEN INT 27826D106 1,090 83,810 SH   DFND   0 83,810 0
ERICSSON ADR B SEK 10 294821608 2,041 307,382 SH   DFND   0 307,382 0
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 462 24,853 SH   DFND   0 24,853 0
GABELLI GLB SML & MD CP VAL COM 36249W104 763 66,986 SH   DFND   0 66,986 0
GLOBAL WTR RES INC COM 379463102 3,612 415,191 SH   DFND   0 415,191 0
HANNON ARMSTRONG SUST INFR C COM 41068X100 5,046 249,799 SH   DFND   0 249,799 0
INTERNATIONAL BUSINESS MACHS COM 459200101 341 1,958 SH   DFND   0 1,958 0
ISHARES TR 7-10YR TR BD ETF 464287440 3,722 35,245 SH   DFND   0 35,245 0
ISHARES TR 1-3 YR TR BD ETF 464287457 2,430 28,750 SH   DFND   0 28,750 0
MFS INTER INCOME TR SH BEN INT 55273C107 717 166,293 SH   DFND   0 166,293 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 267 18,093 SH   DFND   0 18,093 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 237 15,420 SH   DFND   0 15,420 0
NOKIA CORP SPONSORED ADR 654902204 6,259 1,154,881 SH   DFND   0 1,154,881 0
NUVEEN MICHIGAN QLT MUN INC COM 670979103 1,016 76,282 SH   DFND   0 76,282 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 119 25,420 SH   DFND   0 25,420 0
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 37,007 690,296 SH   DFND   0 690,296 0
SPECIAL OPPORTUNITIES FD INC PFD CONV SE B 84741T302 543 21,454 SH   DFND   0 21,454 0
TEMPLETON DRAGON FD INC COM 88018T101 238 12,670 SH   DFND   0 12,670 0
UNITEDHEALTH GROUP INC COM 91324P102 249 1,518 SH   DFND   0 1,518 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 6,370 241,010 SH   DFND   0 241,010 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 416 5,011 SH   DFND   0 5,011 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 715 46,137 SH   DFND   0 46,137 0
180 DEGREE CAP CORP COM 68235B109 2,494 1,720,303 SH   DFND   0 1,720,303 0
ABBOTT LABS COM 002824100 1,477 33,269 SH   DFND   0 33,269 0
ANALOG DEVICES INC COM 032654105 216 2,632 SH   DFND   0 2,632 0
IRIDIUM COMMUNICATIONS INC COM 46269C102 1,069 110,816 SH   DFND   0 110,816 0
L BRANDS INC COM 501797104 2,678 56,865 SH   DFND   0 56,865 0
NUVEEN SELECT MAT MUN FD SH BEN INT 67061T101 268 27,000 SH   DFND   0 27,000 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67062F100 547 39,000 SH   DFND   0 39,000 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063C106 644 48,000 SH   DFND   0 48,000 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063X100 767 54,000 SH   DFND   0 54,000 0
PIMCO ETF TR 25YR+ ZERO U S 72201R882 4,319 38,898 SH   DFND   0 38,898 0
SPDR SERIES TRUST BLOOMBERG LNG TR 78464A664 3,834 54,973 SH   DFND   0 54,973 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 32,292 639,957 SH   DFND   0 639,957 0
SIBANYE GOLD LTD SPONSORED ADR 825724206 3,750 425,600 SH   DFND   0 425,600 0
SPIRIT RLTY CAP INC NEW COM 84860W102 4,797 473,497 SH   DFND   0 473,497 0
VITAMIN SHOPPE INC COM 92849E101 1,683 83,499 SH   DFND   0 83,499 0
TURKISH INVT FD INC COM 900145103 283 34,104 SH   DFND   0 34,104 0
ISHARES TR 20 YR TR BD ETF 464287432 404 3,345 SH   DFND   0 3,345 0