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 SINGAPORE FD INC | COM | 003244100 | 421 | 33,900 | SH | | DFND | 1 2 | 33,900 | 0 | 0 |
ADVANCED MICRO DEVICES INC | COM | 007903107 | 3 | 286,400 | SH | Put | DFND | 1 2 | 286,400 | 0 | 0 |
ALLIANZGI CON INCM 2024 TARG | COM | 01883H102 | 1,593 | 175,000 | SH | | DFND | 1 2 | 175,000 | 0 | 0 |
ANTERO RES CORP | COM | 03674X106 | 1,585 | 83,400 | SH | | DFND | 1 2 | 83,400 | 0 | 0 |
APOLLO SR FLOATING RATE FD I | COM | 037636107 | 523 | 32,236 | SH | | DFND | 1 2 | 32,236 | 0 | 0 |
APOLLO TACTICAL INCOME FD IN | COM | 037638103 | 475 | 30,163 | SH | | DFND | 1 2 | 30,163 | 0 | 0 |
ASSURED GUARANTY LTD | COM | G0585R106 | 121 | 20,000 | SH | Put | DFND | 1 2 | 20,000 | 0 | 0 |
BLACKROCK 2022 GBL INCM OPP | COM | 09258P104 | 746 | 76,123 | SH | | DFND | 1 2 | 76,123 | 0 | 0 |
BLACKROCK CAPITAL INVESTMENT | COM | 092533108 | 405 | 65,000 | SH | | DFND | 1 2 | 65,000 | 0 | 0 |
BLACKROCK MD MUNICIPAL BOND | COM | 09249L105 | 168 | 12,316 | SH | | DFND | 1 2 | 12,316 | 0 | 0 |
BLACKROCK MUN 2030 TAR TERM | COM SHS BEN IN | 09257P105 | 510 | 22,831 | SH | | DFND | 1 2 | 22,831 | 0 | 0 |
BLACKROCK MUNI INCOME TR II | COM | 09249N101 | 203 | 14,070 | SH | | DFND | 1 2 | 14,070 | 0 | 0 |
BLACKROCK MUNI INTER DR FD I | COM | 09253X102 | 1,052 | 75,547 | SH | | DFND | 1 2 | 75,547 | 0 | 0 |
BLACKROCK MUNI N Y INTER DUR | COM | 09255F109 | 164 | 12,053 | SH | | DFND | 1 2 | 12,053 | 0 | 0 |
BLACKROCK MUNIHLDGS FD II IN | COM | 09253P109 | 725 | 49,068 | SH | | DFND | 1 2 | 49,068 | 0 | 0 |
BLACKROCK MUNIYIELD NY QLTY | COM | 09255E102 | 1,364 | 105,599 | SH | | DFND | 1 2 | 105,599 | 0 | 0 |
BUCKEYE PARTNERS L P | UNIT LTD PARTN | 118230101 | 6,139 | 123,900 | SH | | DFND | 1 2 | 123,900 | 0 | 0 |
CALIFORNIA RES CORP | COM NEW | 13057Q206 | 383 | 19,700 | SH | | DFND | 1 2 | 19,700 | 0 | 0 |
CORNERSTONE STRATEGIC VALUE | COM | 21924B302 | 453 | 29,300 | SH | | DFND | 1 2 | 29,300 | 0 | 0 |
CORNERSTONE TOTAL RTRN FD IN | COM | 21924U300 | 459 | 30,000 | SH | | DFND | 1 2 | 30,000 | 0 | 0 |
DELAWARE INV MN MUN INC FD I | COM | 24610V103 | 1,154 | 85,697 | SH | | DFND | 1 2 | 85,697 | 0 | 0 |
DEUTSCHE MUN INCOME | COM | 25160C106 | 4,635 | 389,461 | SH | | DFND | 1 2 | 389,461 | 0 | 0 |
DEUTSCHE STRATEGIC MUN INCOM | COM | 25159F102 | 620 | 52,660 | SH | | DFND | 1 2 | 52,660 | 0 | 0 |
DOMINION ENERGY MIDSTRM PRTN | COM UT REP LTD | 257454108 | 269 | 8,847 | SH | | DFND | 1 2 | 8,847 | 0 | 0 |
DOUBLELINE OPPORTUNISTIC CR | COM | 258623107 | 748 | 33,708 | SH | | DFND | 1 2 | 33,708 | 0 | 0 |
DREYFUS HIGH YIELD STRATEGIE | SH BEN INT | 26200S101 | 200 | 59,760 | SH | | DFND | 1 2 | 59,760 | 0 | 0 |
DTF TAX-FREE INCOME INC | COM | 23334J107 | 244 | 17,364 | SH | | DFND | 1 2 | 17,364 | 0 | 0 |
EATON VANCE FLTING RATE INC | COM | 278279104 | 1,170 | 81,665 | SH | | DFND | 1 2 | 81,665 | 0 | 0 |
EATON VANCE FLTNG RATE 2022 | COM | 27831H100 | 2,218 | 240,000 | SH | | DFND | 1 2 | 240,000 | 0 | 0 |
EATON VANCE LTD DUR INCOME F | COM | 27828H105 | 792 | 58,027 | SH | | DFND | 1 2 | 58,027 | 0 | 0 |
EATON VANCE MASS MUN BD FD | COM | 27828K108 | 389 | 29,442 | SH | | DFND | 1 2 | 29,442 | 0 | 0 |
EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 | 586 | 47,256 | SH | | DFND | 1 2 | 47,256 | 0 | 0 |
ENBRIDGE ENERGY PARTNERS L P | COM | 29250R106 | 1,885 | 136,500 | SH | | DFND | 1 2 | 136,500 | 0 | 0 |
ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 13,623 | 513,900 | SH | | DFND | 1 2 | 513,900 | 0 | 0 |
EQT MIDSTREAM PARTNERS LP | UNIT LTD PARTN | 26885B100 | 12,821 | 175,384 | SH | | DFND | 1 2 | 175,384 | 0 | 0 |
EVERI HLDGS INC | COM | 30034T103 | 1,676 | 222,303 | SH | | DFND | 1 2 | 222,303 | 0 | 0 |
FIRST TR SR FLOATING RATE 20 | COM SHS | 33740K101 | 2,511 | 275,000 | SH | | DFND | 1 2 | 275,000 | 0 | 0 |
GAIN CAP HLDGS INC | COM | 36268W100 | 100 | 10,000 | SH | | DFND | 1 2 | 10,000 | 0 | 0 |
GAMCO GLOBAL GOLD NAT RES & | COM SH BEN INT | 36465A109 | 207 | 39,760 | SH | | DFND | 1 2 | 39,760 | 0 | 0 |
GAMCO NAT RES GOLD & INCOME | SH BEN INT | 36465E101 | 301 | 44,892 | SH | | DFND | 1 2 | 44,892 | 0 | 0 |
GENERAL CABLE CORP DEL NEW | FRNT 4.500%11/1 | 369300AL2 | 7,917 | 7,500,000 | PRN | | DFND | 1 2 | 7,500,000 | 0 | 0 |
HALCON RES CORP | *W EXP 09/09/202 | 40537Q118 | 8 | 11,671 | SH | | DFND | 1 2 | 11,671 | 0 | 0 |
HOLLY ENERGY PARTNERS L P | COM UT LTD PTN | 435763107 | 2,369 | 72,900 | SH | | DFND | 1 2 | 72,900 | 0 | 0 |
INVESCO DYNAMIC CR OPP FD | COM | 46132R104 | 238 | 20,300 | SH | | DFND | 1 2 | 20,300 | 0 | 0 |
INVESCO MUN OPPORTUNITY TR | COM | 46132C107 | 1,922 | 155,000 | SH | | DFND | 1 2 | 155,000 | 0 | 0 |
INVESCO PA VALUE MUN INCOME | COM | 46132K109 | 823 | 67,746 | SH | | DFND | 1 2 | 67,746 | 0 | 0 |
INVESCO QUALITY MUNI INC TRS | COM | 46133G107 | 737 | 58,928 | SH | | DFND | 1 2 | 58,928 | 0 | 0 |
INVESCO SR INCOME TR | COM | 46131H107 | 188 | 42,800 | SH | | DFND | 1 2 | 42,800 | 0 | 0 |
ISHARES TR | CHINA LG-CAP ETF | 464287184 | 4,040 | 87,500 | SH | | DFND | 1 2 | 87,500 | 0 | 0 |
ISHARES TR | 20 YR TR BD ETF | 464287432 | 2 | 20,000 | SH | Put | DFND | 1 2 | 20,000 | 0 | 0 |
ISHARES TR | NATIONAL MUN ETF | 464288414 | 49,892 | 450,533 | SH | | DFND | 1 2 | 450,533 | 0 | 0 |
ISHARES TR | IBOXX HI YD ETF | 464288513 | 29,668 | 340,000 | SH | | DFND | 1 2 | 340,000 | 0 | 0 |
IVY HIGH INC OPPORTUNITIES F | COM | 465893105 | 899 | 59,437 | SH | | DFND | 1 2 | 59,437 | 0 | 0 |
JPMORGAN CHASE & CO | ALERIAN ML ETN | 46625H365 | 7,714 | 280,800 | SH | | DFND | 1 2 | 280,800 | 0 | 0 |
MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 | 13,744 | 193,740 | SH | | DFND | 1 2 | 193,740 | 0 | 0 |
MBIA INC | COM | 55262C100 | 153 | 339,000 | SH | Put | DFND | 1 2 | 339,000 | 0 | 0 |
MPLX LP | COM UNIT REP LTD | 55336V100 | 717 | 20,227 | SH | | DFND | 1 2 | 20,227 | 0 | 0 |
NEUBERGER BERMAN NY INT MUN | COM | 64124K102 | 644 | 52,927 | SH | | DFND | 1 2 | 52,927 | 0 | 0 |
NUVEEN CR OPPORTUNITIES 2022 | COM | 67075U102 | 759 | 80,000 | SH | | DFND | 1 2 | 80,000 | 0 | 0 |
NUVEEN EMERGING MKTS DEBT 20 | COM | 67077P101 | 949 | 101,000 | SH | | DFND | 1 2 | 101,000 | 0 | 0 |
NUVEEN MUN 2021 TARGET TERM | COM | 670687102 | 1,515 | 160,520 | SH | | DFND | 1 2 | 160,520 | 0 | 0 |
NUVEEN NY MUN VALUE FD | COM | 67062M105 | 618 | 65,000 | SH | | DFND | 1 2 | 65,000 | 0 | 0 |
NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 | 552 | 39,259 | SH | | DFND | 1 2 | 39,259 | 0 | 0 |
NUVEEN SHT DUR CR OPP FD | COM | 67074X107 | 195 | 11,724 | SH | | DFND | 1 2 | 11,724 | 0 | 0 |
NUVEEN SR INCOME FD | COM | 67067Y104 | 324 | 49,762 | SH | | DFND | 1 2 | 49,762 | 0 | 0 |
OAKTREE STRATEGIC INCOME COR | COM | 67402D104 | 170 | 20,209 | SH | | DFND | 1 2 | 20,209 | 0 | 0 |
OHR PHARMACEUTICAL INC | COM NEW | 67778H200 | 56 | 30,000 | SH | | DFND | 1 2 | 30,000 | 0 | 0 |
ONEOK INC NEW | COM | 682680103 | 319 | 5,972 | SH | | DFND | 1 2 | 5,972 | 0 | 0 |
PHILLIPS 66 PARTNERS LP | COM UNIT REP INT | 718549207 | 2,071 | 39,561 | SH | | DFND | 1 2 | 39,561 | 0 | 0 |
PIMCO CALIF MUN INCOME FD II | COM | 72201C109 | 538 | 51,505 | SH | | DFND | 1 2 | 51,505 | 0 | 0 |
PIMCO GLOBAL STOCKSPLS INCM | COM | 722011103 | 213 | 13,855 | SH | | DFND | 1 2 | 13,855 | 0 | 0 |
PIMCO HIGH INCOME FD | COM SHS | 722014107 | 522 | 70,000 | SH | | DFND | 1 2 | 70,000 | 0 | 0 |
PIMCO MUNICIPAL INCOME FD | COM | 72200R107 | 1,495 | 115,000 | SH | | DFND | 1 2 | 115,000 | 0 | 0 |
PIMCO STRATEGIC INCOME FD IN | COM | 72200X104 | 465 | 50,600 | SH | | DFND | 1 2 | 50,600 | 0 | 0 |
PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 | 6,025 | 291,900 | SH | | DFND | 1 2 | 291,900 | 0 | 0 |
PROSHARES TR II | ULTRA VIX SHORT | 74347W163 | 61 | 20,000 | SH | Put | DFND | 1 2 | 20,000 | 0 | 0 |
REAVES UTIL INCOME FD | COM SH BEN INT | 756158101 | 697 | 22,531 | SH | | DFND | 1 2 | 22,531 | 0 | 0 |
RIOT BLOCKCHAIN INC | COM | 767292105 | 13 | 10,000 | SH | Put | DFND | 1 2 | 10,000 | 0 | 0 |
RIVERNORTH DOUBLELINE STRATE | COM | 76882G107 | 359 | 19,519 | SH | | DFND | 1 2 | 19,519 | 0 | 0 |
SELECT SECTOR SPDR TR | ENERGY | 81369Y506 | 3,714 | 51,400 | SH | | DFND | 1 2 | 51,400 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 | 527 | 10,000 | SH | | DFND | 1 2 | 10,000 | 0 | 0 |
SHELL MIDSTREAM PARTNERS L P | UNIT LTD INT | 822634101 | 5,892 | 197,600 | SH | | DFND | 1 2 | 197,600 | 0 | 0 |
SHOTSPOTTER INC | COM | 82536T107 | 963 | 68,571 | SH | | DFND | 1 2 | 0 | 68,571 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 19 | 40,000 | SH | Put | DFND | 1 2 | 40,000 | 0 | 0 |
SPECTRA ENERGY PARTNERS LP | COM | 84756N109 | 8,525 | 215,617 | SH | | DFND | 1 2 | 215,617 | 0 | 0 |
SWISS HELVETIA FD INC | COM | 870875101 | 315 | 24,687 | SH | | DFND | 1 2 | 24,687 | 0 | 0 |
TC PIPELINES LP | UT COM LTD PRT | 87233Q108 | 5,303 | 99,860 | SH | | DFND | 1 2 | 99,860 | 0 | 0 |
TESLA INC | COM | 88160R101 | 27 | 20,000 | SH | Put | DFND | 1 2 | 20,000 | 0 | 0 |
THL CR SR LN FD | COM | 87244R103 | 621 | 36,825 | SH | | DFND | 1 2 | 36,825 | 0 | 0 |
URBAN ONE INC | CL A | 91705J105 | 26 | 13,930 | SH | | DFND | 1 2 | 13,930 | 0 | 0 |
URBAN ONE INC | CL D NON VTG | 91705J204 | 527 | 301,310 | SH | | DFND | 1 2 | 301,310 | 0 | 0 |
VOYA PRIME RATE TR | SH BEN INT | 92913A100 | 530 | 104,624 | SH | | DFND | 1 2 | 104,624 | 0 | 0 |
WESTERN ASSET CORPORATE LN F | COM | 95790J102 | 305 | 28,996 | SH | | DFND | 1 2 | 28,996 | 0 | 0 |
WESTERN ASSET MUN DEF OPP TR | COM | 95768A109 | 2,089 | 100,000 | SH | | DFND | 1 2 | 100,000 | 0 | 0 |
WILLIAMS PARTNERS L P NEW | COM UNIT LTD PAR | 96949L105 | 6,395 | 164,900 | SH | | DFND | 1 2 | 164,900 | 0 | 0 |