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 |
ABERDEEN ASIA PACIFIC INCOM | COM | 003009107 | 297 | 64,175 | SH | | DFND | | 0 | 64,175 | 0 |
ADVANCED MICRO DEVICES INC | COM | 007903107 | 12 | 647,900 | SH | Put | DFND | | 0 | 647,900 | 0 |
ADVENT CLAY CONV SEC INC FD | COM | 007639107 | 311 | 52,862 | SH | | DFND | | 0 | 52,862 | 0 |
ADVENT CLAYMORE ENH GRW & IN | COM | 00765E104 | 2,070 | 249,356 | SH | | DFND | | 0 | 249,356 | 0 |
ANTERO RES CORP | COM | 03674X106 | 1,972 | 83,400 | SH | | DFND | | 0 | 83,400 | 0 |
APOLLO SR FLOATING RATE FD I | COM | 037636107 | 2,794 | 160,590 | SH | | DFND | | 0 | 160,590 | 0 |
APOLLO TACTICAL INCOME FD IN | COM | 037638103 | 635 | 41,081 | SH | | DFND | | 0 | 41,081 | 0 |
ARES DYNAMIC CR ALLOCATION F | COM | 04014F102 | 3,800 | 252,000 | SH | | DFND | | 0 | 252,000 | 0 |
AVENUE INCOME CR STRATEGIES | COM | 05358E106 | 617 | 45,970 | SH | | DFND | | 0 | 45,970 | 0 |
BLACKROCK ENH CAP & INC FD I | COM | 09256A109 | 1,525 | 111,200 | SH | | DFND | | 0 | 111,200 | 0 |
BLACKROCK FLOAT RATE OME STR | COM | 09255X100 | 240 | 16,674 | SH | | DFND | | 0 | 16,674 | 0 |
BLACKROCK INTL GRWTH & INC T | COM BENE INTER | 092524107 | 2,204 | 400,000 | SH | | DFND | | 0 | 400,000 | 0 |
BLACKROCK MULTI-SECTOR INC T | COM | 09258A107 | 356 | 21,577 | SH | | DFND | | 0 | 21,577 | 0 |
BLACKROCK MUNI N Y INTER DUR | COM | 09255F109 | 701 | 51,635 | SH | | DFND | | 0 | 51,635 | 0 |
BLACKROCK MUNIASSETS FD INC | COM | 09254J102 | 448 | 33,292 | SH | | DFND | | 0 | 33,292 | 0 |
BLACKROCK N Y MUN INCOME TR | SH BEN INT | 09248L106 | 1,402 | 100,815 | SH | | DFND | | 0 | 100,815 | 0 |
BLACKSTONE GSO LNG SHRT CR I | COM SHS BN INT | 09257D102 | 2,952 | 185,452 | SH | | DFND | | 0 | 185,452 | 0 |
BLACKSTONE GSO STRATEGIC CR | COM SHS BEN IN | 09257R101 | 5,118 | 333,627 | SH | | DFND | | 0 | 333,627 | 0 |
BOULDER GROWTH & INCOME FD I | COM | 101507101 | 1,971 | 220,480 | SH | | DFND | | 0 | 220,480 | 0 |
BROOKFIELD REAL ASSETS INCOM | SHS BEN INT | 112830104 | 603 | 27,026 | SH | | DFND | | 0 | 27,026 | 0 |
BUCKEYE PARTNERS L P | UNIT LTD PARTN | 118230101 | 8,197 | 123,900 | SH | | DFND | | 0 | 123,900 | 0 |
CALAMOS CONV & HIGH INCOME F | COM SHS | 12811P108 | 327 | 30,975 | SH | | DFND | | 0 | 30,975 | 0 |
CALAMOS GBL DYN INCOME FUND | COM | 12811L107 | 589 | 84,466 | SH | | DFND | | 0 | 84,466 | 0 |
CALAMOS GLOBAL TOTAL RETURN | COM SH BEN INT | 128118106 | 269 | 25,543 | SH | | DFND | | 0 | 25,543 | 0 |
CHEMOURS CO | COM | 163851108 | 11 | 10,000 | SH | Put | DFND | | 0 | 10,000 | 0 |
CLEAR CHANNEL OUTDOOR HLDGS | CL A | 18451C109 | 890 | 176,330 | SH | | DFND | | 0 | 176,330 | 0 |
CLOUGH GLOBAL OPPORTUNITIES | SH BEN INT | 18914E106 | 777 | 86,800 | SH | | DFND | | 0 | 86,800 | 0 |
COMSTOCK RES INC | NOTE 9.500% 6/1 | 205768AN4 | 662 | 760,357 | PRN | | DFND | | 0 | 760,357 | 0 |
CONTINENTAL RESOURCES INC | COM | 212015101 | 3 | 100,000 | SH | Put | DFND | | 0 | 100,000 | 0 |
DEUTSCHE BANK AG | NAMEN AKT | D18190898 | 41 | 10,000 | SH | Call | DFND | | 0 | 10,000 | 0 |
DEUTSCHE BANK AG | NAMEN AKT | D18190898 | 9 | 180,000 | SH | Put | DFND | | 0 | 180,000 | 0 |
DEUTSCHE HIGH INCOME OPPORT | COM | 25158Y102 | 1,127 | 78,220 | SH | | DFND | | 0 | 78,220 | 0 |
DOUBLELINE INCOME SOLUTIONS | COM | 258622109 | 617 | 32,480 | SH | | DFND | | 0 | 32,480 | 0 |
DREYFUS MUN INCOME INC | COM | 26201R102 | 1,289 | 149,346 | SH | | DFND | | 0 | 149,346 | 0 |
EATON VANCE CA MUNI INCOME T | SH BEN INT | 27826F101 | 653 | 53,087 | SH | | DFND | | 0 | 53,087 | 0 |
EATON VANCE CALIF MUN BD FD | COM | 27828C106 | 688 | 59,220 | SH | | DFND | | 0 | 59,220 | 0 |
EATON VANCE ENHANCED EQ INC | COM | 278274105 | 1,326 | 106,900 | SH | | DFND | | 0 | 106,900 | 0 |
EATON VANCE LTD DUR INCOME F | COM | 27828H105 | 335 | 24,410 | SH | | DFND | | 0 | 24,410 | 0 |
EATON VANCE NY MUNI INCOME T | SH BEN INT | 27826W104 | 487 | 37,384 | SH | | DFND | | 0 | 37,384 | 0 |
EATON VANCE RISK MNGD DIV EQ | COM | 27829G106 | 806 | 90,000 | SH | | DFND | | 0 | 90,000 | 0 |
EATON VANCE SR INCOME TR | SH BEN INT | 27826S103 | 3,869 | 579,213 | SH | | DFND | | 0 | 579,213 | 0 |
EATON VANCE TAX MNGD GBL DV | COM | 27829F108 | 1,203 | 150,000 | SH | | DFND | | 0 | 150,000 | 0 |
EATON VANCE TX MGD DIV EQ IN | COM | 27828N102 | 2,070 | 200,000 | SH | | DFND | | 0 | 200,000 | 0 |
ENBRIDGE ENERGY PARTNERS L P | COM | 29250R106 | 9,081 | 356,400 | SH | | DFND | | 0 | 356,400 | 0 |
ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 11,746 | 434,400 | SH | | DFND | | 0 | 434,400 | 0 |
EQT MIDSTREAM PARTNERS LP | UNIT LTD PARTN | 26885B100 | 11,609 | 151,390 | SH | | DFND | | 0 | 151,390 | 0 |
EVERI HLDGS INC | COM | 30034T103 | 829 | 382,228 | SH | | DFND | | 0 | 382,228 | 0 |
FIFTH STR SR FLOATNG RATE CO | COM | 31679F101 | 427 | 49,000 | SH | | DFND | | 0 | 49,000 | 0 |
FIFTH STREET FINANCE CORP | COM | 31678A103 | 107 | 20,000 | SH | | DFND | | 0 | 20,000 | 0 |
FIRST TR STRATEGIC HIGH INC | COM SHS NEW | 337353304 | 532 | 43,292 | SH | | DFND | | 0 | 43,292 | 0 |
FRANKLIN UNVL TR | SH BEN INT | 355145103 | 88 | 13,168 | SH | | DFND | | 0 | 13,168 | 0 |
GAMCO GLOBAL GOLD NAT RES & | COM SH BEN INT | 36465A109 | 795 | 150,000 | SH | | DFND | | 0 | 150,000 | 0 |
GEO GROUP INC NEW | COM | 36162J106 | 10 | 68,000 | SH | Put | DFND | | 0 | 68,000 | 0 |
GOLDMAN SACHS MLP INC OPP FD | COM SHS | 38147W103 | 239 | 24,595 | SH | | DFND | | 0 | 24,595 | 0 |
HALCON RES CORP | *W EXP 09/09/202 | 40537Q118 | 27 | 11,671 | SH | | DFND | | 0 | 11,671 | 0 |
INVESCO CALIF VALUE MUN INC | COM | 46132H106 | 1,473 | 121,300 | SH | | DFND | | 0 | 121,300 | 0 |
INVESCO DYNAMIC CR OPP FD | COM | 46132R104 | 5,668 | 460,833 | SH | | DFND | | 0 | 460,833 | 0 |
INVESCO PA VALUE MUN INCOME | COM | 46132K109 | 2,043 | 168,000 | SH | | DFND | | 0 | 168,000 | 0 |
INVESCO SR INCOME TR | COM | 46131H107 | 1,860 | 400,835 | SH | | DFND | | 0 | 400,835 | 0 |
INVESCO TR INVT GRADE NY MUN | COM | 46131T101 | 353 | 26,616 | SH | | DFND | | 0 | 26,616 | 0 |
ISHARES | MSCI GERMANY ETF | 464286806 | 222 | 8,400 | SH | | DFND | | 0 | 8,400 | 0 |
KEY ENERGY SVCS INC DEL | COM | 49309J103 | 639 | 20,000 | SH | | DFND | | 0 | 20,000 | 0 |
LIBERTY ALL STAR EQUITY FD | SH BEN INT | 530158104 | 879 | 170,363 | SH | | DFND | | 0 | 170,363 | 0 |
MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 | 12,497 | 165,240 | SH | | DFND | | 0 | 165,240 | 0 |
MFS CALIF MUN FD | COM | 59318C106 | 122 | 10,818 | SH | | DFND | | 0 | 10,818 | 0 |
MPLX LP | COM UNIT REP LTD | 55336V100 | 9,219 | 266,300 | SH | | DFND | | 0 | 266,300 | 0 |
NEUBERGER BERMAN NY INT MUN | COM | 64124K102 | 1,385 | 110,645 | SH | | DFND | | 0 | 110,645 | 0 |
NUVEEN CR STRATEGIES INCM FD | COM SHS | 67073D102 | 4,681 | 528,912 | SH | | DFND | | 0 | 528,912 | 0 |
NUVEEN ENHANCED MUN VALUE FD | COM | 67074M101 | 643 | 45,898 | SH | | DFND | | 0 | 45,898 | 0 |
NUVEEN MUN VALUE FD INC | COM | 670928100 | 418 | 43,700 | SH | | DFND | | 0 | 43,700 | 0 |
NUVEEN OHIO QLTY MUN INCOME | COM | 670980101 | 1,172 | 80,671 | SH | | DFND | | 0 | 80,671 | 0 |
NUVEEN SELECT MAT MUN FD | SH BEN INT | 67061T101 | 322 | 33,000 | SH | | DFND | | 0 | 33,000 | 0 |
NUVEEN SHT DUR CR OPP FD | COM | 67074X107 | 349 | 19,952 | SH | | DFND | | 0 | 19,952 | 0 |
NUVEEN SR INCOME FD | COM | 67067Y104 | 801 | 117,946 | SH | | DFND | | 0 | 117,946 | 0 |
ONEOK PARTNERS LP | UNIT LTD PARTN | 68268N103 | 9,196 | 213,800 | SH | | DFND | | 0 | 213,800 | 0 |
PIMCO DYNMIC CREDIT AND MRT | COM SHS | 72202D106 | 844 | 41,760 | SH | | DFND | | 0 | 41,760 | 0 |
PIONEER FLOATING RATE TR | COM | 72369J102 | 1,101 | 92,795 | SH | | DFND | | 0 | 92,795 | 0 |
PIONEER MUN HIGH INCOME TR | COM SHS | 723763108 | 442 | 37,274 | SH | | DFND | | 0 | 37,274 | 0 |
PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 | 9,425 | 291,900 | SH | | DFND | | 0 | 291,900 | 0 |
RADIO ONE INC | CL D NON VTG | 75040P405 | 211 | 72,898 | SH | | DFND | | 0 | 72,898 | 0 |
RMR REAL ESTATE INCOME FUND | COM | 76970B101 | 2,012 | 98,323 | SH | | DFND | | 0 | 98,323 | 0 |
SOURCE CAP INC | COM | 836144105 | 1,805 | 50,200 | SH | | DFND | | 0 | 50,200 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 5 | 20,000 | SH | Call | DFND | | 0 | 20,000 | 0 |
SPDR SERIES TRUST | S&P OILGAS EXP | 78464A730 | 0 | 40,000 | SH | Put | DFND | | 0 | 40,000 | 0 |
SPECTRA ENERGY PARTNERS LP | COM | 84756N109 | 11,744 | 256,200 | SH | | DFND | | 0 | 256,200 | 0 |
SWISS HELVETIA FD INC | COM | 870875101 | 312 | 30,532 | SH | | DFND | | 0 | 30,532 | 0 |
TC PIPELINES LP | UT COM LTD PRT | 87233Q108 | 9,108 | 154,800 | SH | | DFND | | 0 | 154,800 | 0 |
TECK RESOURCES LTD | CL B | 878742204 | 12 | 20,000 | SH | Put | DFND | | 0 | 20,000 | 0 |
THL CR SR LN FD | COM | 87244R103 | 480 | 25,601 | SH | | DFND | | 0 | 25,601 | 0 |
VOYA GLBL ADV & PREM OPP FD | COM | 92912R104 | 988 | 100,500 | SH | | DFND | | 0 | 100,500 | 0 |
VOYA PRIME RATE TR | SH BEN INT | 92913A100 | 309 | 55,731 | SH | | DFND | | 0 | 55,731 | 0 |
WELLS FARGO MULTI SECTOR INC | COM | 94987D101 | 321 | 25,000 | SH | | DFND | | 0 | 25,000 | 0 |
WESTERN ASSET CLYM INFL OPP | COM | 95766R104 | 712 | 63,944 | SH | | DFND | | 0 | 63,944 | 0 |
WESTERN ASSET CLYM INFL SEC | COM SH BEN INT | 95766Q106 | 537 | 46,798 | SH | | DFND | | 0 | 46,798 | 0 |
WESTERN ASSET CORPORATE LN F | COM | 95790J102 | 650 | 57,770 | SH | | DFND | | 0 | 57,770 | 0 |
WHITING PETE CORP NEW | COM | 966387102 | 1 | 20,000 | SH | Put | DFND | | 0 | 20,000 | 0 |