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
A H BELO CORP COM CL A 001282102 180 35,942 SH   SOLE   35,942 0 0
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 129 15,555 SH   SOLE   15,555 0 0
AGL RES INC COM 001204106 766 12,000 SH   SOLE   12,000 0 0
AIRGAS INC COM 009363102 3,891 28,134 SH   SOLE   28,134 0 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 10,298 1,342,626 SH   SOLE   1,342,626 0 0
AMERIANA BANCORP COM 023613102 1,670 72,857 SH   SOLE   72,857 0 0
ANDINA ACQUISITION CORP II UNIT 99/99/9999 G0441P112 1,860 187,500 SH   SOLE   187,500 0 0
AR CAP ACQUISITION CORP UNIT 10/06/2019 00191R208 2,773 285,000 SH   SOLE   285,000 0 0
ATLANTIC ALLIANCE PARTNER CO SHS G04897107 1,011 100,000 SH   SOLE   100,000 0 0
AVENUE INCOME CR STRATEGIES COM 05358E106 323 28,482 SH   SOLE   28,482 0 0
AVOLON HLDGS LTD COM G52237107 285 9,200 SH   SOLE   9,200 0 0
BARINGTON HILCO ACQUISITION COM 06759V101 242 24,740 SH   SOLE   24,740 0 0
BIOMED REALTY TRUST INC COM 09063H107 4,711 198,847 SH   SOLE   198,847 0 0
BOULEVARD ACQUISITION UNIT 99/99/9999 10157Q201 5,143 519,500 SH   SOLE   519,500 0 0
BOULEVARD ACQUISITION CL A 10157Q102 377 38,319 SH   SOLE   38,319 0 0
BROADCOM CORP CL A 111320107 1,388 24,000 SH Put SOLE   24,000 0 0
BROADCOM CORP CL A 111320107 33,703 582,902 SH   SOLE   582,902 0 0
BROOKFIELD GLOBL LISTED INFR COM SHS 11273Q109 302 25,736 SH   SOLE   25,736 0 0
BROOKFIELD TOTAL RETURN FD I COM 11283U108 366 16,694 SH   SOLE   16,694 0 0
C B PHARMA ACQUISITION CORP SHS G2029P126 124 12,500 SH   SOLE   12,500 0 0
C1 FINL INC COM 12591N109 5,884 243,035 SH   SOLE   243,035 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 20,466 323,833 SH   SOLE   323,833 0 0
CAMPUS CREST CMNTYS INC COM 13466Y105 4,763 700,428 SH   SOLE   700,428 0 0
CHEVIOT FINL CORP NEW COM 16677X105 273 17,800 SH   SOLE   17,800 0 0
CHUBB CORP COM 171232101 25,723 193,928 SH   SOLE   193,928 0 0
CLECO CORP NEW COM 12561W105 439 8,400 SH   SOLE   8,400 0 0
COMMUNICATIONS SALES&LEAS IN COM 20341J104 2,332 124,778 SH   SOLE   124,778 0 0
COPART INC COM 217204106 288 7,568 SH   SOLE   7,568 0 0
CORNERSTONE STRATEGIC VALUE COM PAR $0.001 21924B302 3,887 248,228 SH   SOLE   248,228 0 0
CORNERSTONE TOTAL RTRN FD IN COM PAR $0.01 21924U300 2,942 174,191 SH   SOLE   174,191 0 0
COVISINT CORP COM 22357R103 46 18,549 SH   SOLE   18,549 0 0
CROSSROADS CAP INC COM 227656105 406 126,445 SH   SOLE   126,445 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 120 13,662 SH   SOLE   13,662 0 0
DIAMOND FOODS INC COM 252603105 493 12,800 SH   SOLE   12,800 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 399 15,824 SH   SOLE   15,824 0 0
DIVIDEND & INCOME FUND COM NEW 25538A204 342 31,021 SH   SOLE   31,021 0 0
DNP SELECT INCOME FD COM 23325P104 348 38,868 SH   SOLE   38,868 0 0
DOUBLE EAGLE ACQUISITION COR UNIT 99/99/9999 G28195108 4,440 444,000 SH   SOLE   444,000 0 0
E M C CORP MASS COM 268648102 462 18,000 SH   SOLE   18,000 0 0
ENDOCYTE INC COM 29269A102 57 14,200 SH   SOLE   14,200 0 0
FIDELITY NATIONAL FINANCIAL FNFV GROUP COM 31620R402 197 17,563 SH   SOLE   17,563 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 1,969 181,501 SH   SOLE   181,501 0 0
FIRSTHAND TECH VALUE FD INC COM 33766Y100 173 21,139 SH   SOLE   21,139 0 0
FRANKLIN COVEY CO COM 353469109 377 22,500 SH   SOLE   22,500 0 0
FULL CIRCLE CAP CORP COM 359671104 44 17,700 SH   SOLE   17,700 0 0
GABELLI EQUITY TR INC COM 362397101 2,431 457,854 SH   SOLE   457,854 0 0
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 376 22,611 SH   SOLE   22,611 0 0
GARNERO GROUP ACQUISITION CO SHS G5866L108 6,352 647,542 SH   SOLE   647,542 0 0
GLOBAL HIGH INCOME FUND INC COM 37933G108 2,373 279,234 SH   SOLE   279,234 0 0
HARMONY MERGER CORP UNIT 99/99/9999 413247206 755 75,000 SH   SOLE   75,000 0 0
HARMONY MERGER CORP COM 413247107 878 90,000 SH   SOLE   90,000 0 0
HARVEST NATURAL RESOURCES IN COM 41754V103 90 210,807 SH   SOLE   210,807 0 0
HEALTH NET INC COM 42222G108 25,002 365,202 SH   SOLE   365,202 0 0
HYDRA INDS ACQUISITION CORP COM 448740100 1,696 174,349 SH   SOLE   174,349 0 0
INSPERITY INC COM 45778Q107 722 15,000 SH   SOLE   15,000 0 0
JACKSONVILLE BANCORP INC FLA COM NEW 469249205 2,371 126,588 SH   SOLE   126,588 0 0
JARDEN CORP COM 471109108 12,852 225,000 SH   SOLE   225,000 0 0
KEURIG GREEN MTN INC COM 49271M100 7,620 84,686 SH   SOLE   84,686 0 0
KLA-TENCOR CORP COM 482480100 15,593 224,849 SH   SOLE   224,849 0 0
KOPIN CORP COM 500600101 65 23,746 SH   SOLE   23,746 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 495 92,538 SH   SOLE   92,538 0 0
LMP REAL ESTATE INCOME FD IN COM 50208C108 2,095 160,650 SH   SOLE   160,650 0 0
LUNA INNOVATIONS COM 550351100 37 34,483 SH   SOLE   34,483 0 0
MANAGED HIGH YIELD PLUS FD I COM 561911108 435 247,346 SH   SOLE   247,346 0 0
METRO BANCORP INC PA COM 59161R101 560 17,851 SH   SOLE   17,851 0 0
MINDRAY MEDICAL INTL LTD SPON ADR 602675100 5,682 209,518 SH   SOLE   209,518 0 0
MODUSLINK GLOBAL SOLUTIONS I COM NEW 60786L206 173 69,804 SH   SOLE   69,804 0 0
MORGANS HOTEL GROUP CO COM 61748W108 64 19,100 SH   SOLE   19,100 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 1,879 375,004 SH   SOLE   375,004 0 0
NEW MTN FIN CORP COM 647551100 498 38,224 SH   SOLE   38,224 0 0
NUVEEN DIVERSIFIED COMMODTY COM UT BEN INT 67074P104 1,248 138,390 SH   SOLE   138,390 0 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 505 36,727 SH   SOLE   36,727 0 0
NUVEEN LG/SHT COMMODITY TOTR COM UT BEN INT 670731108 2,130 137,073 SH   SOLE   137,073 0 0
OMNIVISION TECHNOLOGIES INC COM 682128103 4,145 142,838 SH   SOLE   142,838 0 0
PARTNERRE LTD COM G6852T105 43,322 310,019 SH   SOLE   310,019 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106 1,616 143,644 SH   SOLE   143,644 0 0
PEPCO HOLDINGS INC COM 713291102 2,291 88,100 SH   SOLE   88,100 0 0
PERRIGO CO PLC SHS G97822103 724 5,000 SH   SOLE   5,000 0 0
PLUM CREEK TIMBER CO INC COM 729251108 22,510 471,708 SH   SOLE   471,708 0 0
PMC-SIERRA INC COM 69344F106 14,844 1,277,412 SH   SOLE   1,277,412 0 0
PRECISION CASTPARTS CORP COM 740189105 54,326 234,154 SH   SOLE   234,154 0 0
PRISM TECHNOLOGIES GROUP INC COM 74273Y100 135 132,586 SH   SOLE   132,586 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 1,456 20,000 SH   SOLE   20,000 0 0
QLT INC COM 746927102 281 105,486 SH   SOLE   105,486 0 0
QUINPARIO ACQUISITION CORP 2 COM 74874U101 2,365 243,850 SH   SOLE   243,850 0 0
REALD INC COM 75604L105 228 21,600 SH   SOLE   21,600 0 0
REALNETWORKS INC COM NEW 75605L708 173 40,670 SH   SOLE   40,670 0 0
REAVES UTIL INCOME FD COM SH BEN INT 756158101 9,937 382,623 SH   SOLE   382,623 0 0
RENTECH INC COM NEW 760112201 369 104,874 SH   SOLE   104,874 0 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 6,193 426,822 SH   SOLE   426,822 0 0
SAMSON OIL & GAS LTD SPON ADR NEW 796043206 6 14,119 SH   SOLE   14,119 0 0
SANOFI RIGHT 12/31/2020 80105N113 17 155,177 SH   SOLE   155,177 0 0
SCHOLASTIC CORP COM 807066105 578 15,000 SH   SOLE   15,000 0 0
SIRONA DENTAL SYSTEMS INC COM 82966C103 4,637 42,316 SH   SOLE   42,316 0 0
SOLERA HOLDINGS INC COM 83421A104 9,507 173,398 SH   SOLE   173,398 0 0
SOUTHCOAST FINANCIAL CORP COM 84129R100 265 16,900 SH   SOLE   16,900 0 0
STANCORP FINL GROUP INC COM 852891100 4,592 40,322 SH   SOLE   40,322 0 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 5,472 78,977 SH   SOLE   78,977 0 0
STRATEGIC GLOBAL INCOME FD COM 862719101 812 92,683 SH   SOLE   92,683 0 0
SYMETRA FINL CORP COM 87151Q106 765 24,086 SH   SOLE   24,086 0 0
SYNCHRONY FINL COM 87165B103 912 30,000 SH Put SOLE   30,000 0 0
SYNCHRONY FINL COM 87165B103 1,144 37,627 SH   SOLE   37,627 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829 334 12,891 SH   SOLE   12,891 0 0
TIME WARNER CABLE INC COM 88732J207 14,819 79,846 SH   SOLE   79,846 0 0
TIVO INC COM 888706108 192 22,300 SH   SOLE   22,300 0 0
TOWERS WATSON & CO CL A 891894107 5,904 45,958 SH   SOLE   45,958 0 0
TRANS WORLD ENTMT CORP COM 89336Q100 37 10,400 SH   SOLE   10,400 0 0
VIACOM INC NEW CL B 92553P201 1,770 43,009 SH   SOLE   43,009 0 0
VIDEOCON D2H LTD ADR 92657J101 666 74,981 SH   SOLE   74,981 0 0
WINDSTREAM HLDGS INC COM NEW 97382A200 87 13,500 SH   SOLE   13,500 0 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 174 13,400 SH   SOLE   13,400 0 0
WRIGHT MED GROUP N V RIGHT 03/01/2019 N96617126 39 38,308 SH   SOLE   38,308 0 0
YADKIN FINL CORP COM 984305102 452 17,950 SH   SOLE   17,950 0 0
YAHOO INC COM 984332106 6,467 194,425 SH   SOLE   194,425 0 0
YOUKU TUDOU INC SPONSORED ADR 98742U100 10,124 373,164 SH   SOLE   373,164 0 0
ZYNGA INC CL A 98986T108 162 60,500 SH   SOLE   60,500 0 0