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 |
ALLIANZGI CON INCM 2024 TARG | COM | 01883H102 | 1,612 | 174,863 | SH | | DFND | 1 2 | 174,863 | 0 | 0 |
APOLLO TACTICAL INCOME FD IN | COM | 037638103 | 474 | 30,163 | SH | | DFND | 1 2 | 30,163 | 0 | 0 |
AVAYA HLDGS CORP | COM | 05351X101 | 3,701 | 165,234 | SH | | DFND | 1 2 | 165,234 | 0 | 0 |
BLACKROCK 2022 GBL INCM OPP | COM | 09258P104 | 643 | 67,808 | SH | | DFND | 1 2 | 67,808 | 0 | 0 |
BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 | 536 | 41,255 | SH | | DFND | 1 2 | 41,255 | 0 | 0 |
BLACKROCK MD MUNICIPAL BOND | COM | 09249L105 | 161 | 12,116 | SH | | DFND | 1 2 | 12,116 | 0 | 0 |
BLACKROCK MUNI INCOME TR II | COM | 09249N101 | 189 | 14,070 | SH | | DFND | 1 2 | 14,070 | 0 | 0 |
BLACKROCK MUNI INTER DR FD I | COM | 09253X102 | 990 | 75,547 | SH | | DFND | 1 2 | 75,547 | 0 | 0 |
BLACKROCK MUNI N Y INTER DUR | COM | 09255F109 | 155 | 12,053 | SH | | DFND | 1 2 | 12,053 | 0 | 0 |
BLACKROCK MUNIHLDGS FD II IN | COM | 09253P109 | 682 | 49,068 | SH | | DFND | 1 2 | 49,068 | 0 | 0 |
BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 | 184 | 13,944 | SH | | DFND | 1 2 | 13,944 | 0 | 0 |
BLACKROCK MUNIYIELD CALI QLT | COM | 09254N103 | 611 | 45,855 | SH | | DFND | 1 2 | 45,855 | 0 | 0 |
BLACKROCK MUNIYIELD NY QLTY | COM | 09255E102 | 1,323 | 109,758 | SH | | DFND | 1 2 | 109,758 | 0 | 0 |
BLACKROCK MUNIYIELD QLTY FD | COM | 09254E103 | 1,028 | 81,366 | SH | | DFND | 1 2 | 81,366 | 0 | 0 |
DELAWARE INV MN MUN INC FD I | COM | 24610V103 | 1,082 | 85,697 | SH | | DFND | 1 2 | 85,697 | 0 | 0 |
DEUTSCHE MUN INCOME | COM | 25160C106 | 4,362 | 389,461 | SH | | DFND | 1 2 | 389,461 | 0 | 0 |
DEUTSCHE STRATEGIC MUN INCOM | COM | 25159F102 | 579 | 52,660 | SH | | DFND | 1 2 | 52,660 | 0 | 0 |
DOUBLELINE OPPORTUNISTIC CR | COM | 258623107 | 376 | 17,401 | SH | | DFND | 1 2 | 17,401 | 0 | 0 |
DREYFUS HIGH YIELD STRATEGIE | SH BEN INT | 26200S101 | 140 | 43,951 | SH | | DFND | 1 2 | 43,951 | 0 | 0 |
DTF TAX-FREE INCOME INC | COM | 23334J107 | 231 | 17,364 | SH | | DFND | 1 2 | 17,364 | 0 | 0 |
EATON VANCE FLTNG RATE 2022 | COM | 27831H100 | 2,237 | 240,000 | SH | | DFND | 1 2 | 240,000 | 0 | 0 |
EATON VANCE LTD DUR INCOME F | COM | 27828H105 | 509 | 39,100 | SH | | DFND | 1 2 | 39,100 | 0 | 0 |
EATON VANCE MASS MUN BD FD | COM | 27828K108 | 269 | 21,353 | SH | | DFND | 1 2 | 21,353 | 0 | 0 |
EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 | 553 | 47,256 | SH | | DFND | 1 2 | 47,256 | 0 | 0 |
EVERI HLDGS INC | COM | 30034T103 | 688 | 104,703 | SH | | DFND | 1 2 | 104,703 | 0 | 0 |
FIRST TR SR FLOATING RATE 20 | COM SHS | 33740K101 | 2,508 | 267,949 | SH | | DFND | 1 2 | 267,949 | 0 | 0 |
GAMCO NAT RES GOLD & INCOME | SH BEN INT | 36465E101 | 240 | 37,736 | SH | | DFND | 1 2 | 37,736 | 0 | 0 |
GENERAL CABLE CORP DEL NEW | FRNT 4.500%11/1 | 369300AL2 | 5,805 | 5,500,000 | PRN | | DFND | 1 2 | 5,500,000 | 0 | 0 |
HALCON RES CORP | *W EXP 09/09/202 | 40537Q118 | 6 | 11,671 | SH | | DFND | 1 2 | 11,671 | 0 | 0 |
INVESCO DYNAMIC CR OPP FD | COM | 46132R104 | 133 | 11,300 | SH | | DFND | 1 2 | 11,300 | 0 | 0 |
INVESCO MUN OPPORTUNITY TR | COM | 46132C107 | 1,817 | 155,000 | SH | | DFND | 1 2 | 155,000 | 0 | 0 |
INVESCO MUN TR | COM | 46131J103 | 302 | 25,800 | SH | | DFND | 1 2 | 25,800 | 0 | 0 |
INVESCO PA VALUE MUN INCOME | COM | 46132K109 | 796 | 67,746 | SH | | DFND | 1 2 | 67,746 | 0 | 0 |
INVESCO QUALITY MUNI INC TRS | COM | 46133G107 | 701 | 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 | 3,094 | 65,500 | SH | | DFND | 1 2 | 65,500 | 0 | 0 |
ISHARES TR | NATIONAL MUN ETF | 464288414 | 49,077 | 450,533 | SH | | DFND | 1 2 | 450,533 | 0 | 0 |
ISHARES TR | IBOXX HI YD ETF | 464288513 | 6 | 100,000 | SH | Put | DFND | 1 2 | 100,000 | 0 | 0 |
IVY HIGH INC OPPORTUNITIES F | COM | 465893105 | 980 | 69,137 | SH | | DFND | 1 2 | 69,137 | 0 | 0 |
MBIA INC | COM | 55262C100 | 5 | 150,000 | SH | Put | DFND | 1 2 | 150,000 | 0 | 0 |
MIMEDX GROUP INC | COM | 602496101 | 8 | 78,500 | SH | Put | DFND | 1 2 | 78,500 | 0 | 0 |
NEUBERGER BERMAN NY INT MUN | COM | 64124K102 | 614 | 52,927 | SH | | DFND | 1 2 | 52,927 | 0 | 0 |
NUVEEN CR OPPORTUNITIES 2022 | COM | 67075U102 | 356 | 36,980 | SH | | DFND | 1 2 | 36,980 | 0 | 0 |
NUVEEN CR STRATEGIES INCM FD | COM SHS | 67073D102 | 325 | 40,900 | SH | | DFND | 1 2 | 40,900 | 0 | 0 |
NUVEEN EMERGING MKTS DEBT 20 | COM | 67077P101 | 866 | 96,274 | SH | | DFND | 1 2 | 96,274 | 0 | 0 |
NUVEEN MUN 2021 TARGET TERM | COM | 670687102 | 1,344 | 143,860 | SH | | DFND | 1 2 | 143,860 | 0 | 0 |
NUVEEN MUN VALUE FD INC | COM | 670928100 | 237 | 25,000 | SH | | DFND | 1 2 | 25,000 | 0 | 0 |
NUVEEN NY MUN VALUE FD | COM | 67062M105 | 549 | 59,753 | SH | | DFND | 1 2 | 59,753 | 0 | 0 |
NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 | 516 | 39,259 | SH | | DFND | 1 2 | 39,259 | 0 | 0 |
NUVEEN SR INCOME FD | COM | 67067Y104 | 326 | 49,762 | SH | | DFND | 1 2 | 49,762 | 0 | 0 |
PIMCO CALIF MUN INCOME FD II | COM | 72201C109 | 356 | 36,917 | SH | | DFND | 1 2 | 36,917 | 0 | 0 |
PIMCO MUNICIPAL INCOME FD | COM | 72200R107 | 1,032 | 82,402 | SH | | DFND | 1 2 | 82,402 | 0 | 0 |
REAVES UTIL INCOME FD | COM SH BEN INT | 756158101 | 636 | 22,531 | SH | | DFND | 1 2 | 22,531 | 0 | 0 |
RIVERNORTH DOUBLELINE STRATE | COM | 76882G107 | 281 | 15,776 | SH | | DFND | 1 2 | 15,776 | 0 | 0 |
SELECT SECTOR SPDR TR | ENERGY | 81369Y506 | 2,885 | 42,800 | SH | | DFND | 1 2 | 42,800 | 0 | 0 |
THL CR SR LN FD | COM | 87244R103 | 631 | 36,681 | SH | | DFND | 1 2 | 36,681 | 0 | 0 |
URBAN ONE INC | CL A | 91705J105 | 29 | 13,930 | SH | | DFND | 1 2 | 13,930 | 0 | 0 |
URBAN ONE INC | CL D NON VTG | 91705J204 | 659 | 321,370 | SH | | DFND | 1 2 | 321,370 | 0 | 0 |
VOYA PRIME RATE TR | SH BEN INT | 92913A100 | 545 | 104,624 | SH | | DFND | 1 2 | 104,624 | 0 | 0 |
WESTERN ASSET CORPORATE LN F | COM | 95790J102 | 304 | 28,996 | SH | | DFND | 1 2 | 28,996 | 0 | 0 |
XCERRA CORP | COM | 98400J108 | 17 | 10,000 | SH | Call | DFND | 1 2 | 10,000 | 0 | 0 |