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 | 1,332 | 144,817 | SH | | DFND | 1 2 | 144,817 | 0 | 0 |
ANNALY CAP MGMT INC | COM | 035710409 | 122 | 11,928 | SH | | DFND | 1 2 | 11,928 | 0 | 0 |
AVAYA HLDGS CORP | COM | 05351X101 | 2,659 | 120,116 | SH | | DFND | 1 2 | 120,116 | 0 | 0 |
BARINGS BDC INC | COM | 06759L103 | 751 | 75,000 | SH | | DFND | 1 2 | 75,000 | 0 | 0 |
BLACKROCK 2022 GBL INCM OPP | COM | 09258P104 | 221 | 24,677 | SH | | DFND | 1 2 | 24,677 | 0 | 0 |
BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 | 647 | 52,355 | SH | | DFND | 1 2 | 52,355 | 0 | 0 |
BLACKROCK MUN INCOME TR | SH BEN INT | 09248F109 | 539 | 43,351 | SH | | DFND | 1 2 | 43,351 | 0 | 0 |
BLACKROCK MUNI INCOME INV QL | COM | 09250G102 | 154 | 11,933 | SH | | DFND | 1 2 | 11,933 | 0 | 0 |
BLACKROCK MUNI INTER DR FD I | COM | 09253X102 | 990 | 75,697 | SH | | DFND | 1 2 | 75,697 | 0 | 0 |
BLACKROCK MUNI N Y INTER DUR | COM | 09255F109 | 151 | 12,053 | SH | | DFND | 1 2 | 12,053 | 0 | 0 |
BLACKROCK MUNICIPL INC QLTY | COM | 092479104 | 191 | 14,976 | SH | | DFND | 1 2 | 14,976 | 0 | 0 |
BLACKROCK MUNIHLDGS FD II IN | COM | 09253P109 | 548 | 41,132 | SH | | DFND | 1 2 | 41,132 | 0 | 0 |
BLACKROCK MUNIHLDGS NY QLTY | COM | 09255C106 | 190 | 15,914 | SH | | DFND | 1 2 | 15,914 | 0 | 0 |
BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 | 620 | 49,336 | SH | | DFND | 1 2 | 49,336 | 0 | 0 |
BLACKROCK MUNIHLDS INVSTM QL | COM | 09254P108 | 299 | 23,909 | SH | | DFND | 1 2 | 23,909 | 0 | 0 |
BLACKROCK MUNIYIELD CALI QLT | COM | 09254N103 | 1,394 | 108,855 | SH | | DFND | 1 2 | 108,855 | 0 | 0 |
BLACKROCK MUNIYIELD N J FD I | COM | 09254Y109 | 732 | 56,327 | SH | | DFND | 1 2 | 56,327 | 0 | 0 |
BLACKROCK MUNIYIELD NY QLTY | COM | 09255E102 | 1,917 | 166,534 | SH | | DFND | 1 2 | 166,534 | 0 | 0 |
BLACKROCK MUNIYIELD PA QLTY | COM | 09255G107 | 317 | 24,860 | SH | | DFND | 1 2 | 24,860 | 0 | 0 |
BLACKROCK MUNIYIELD QLTY FD | COM | 09254E103 | 1,528 | 126,454 | SH | | DFND | 1 2 | 126,454 | 0 | 0 |
CORNERSTONE STRATEGIC VALUE | COM | 21924B302 | 1,078 | 77,000 | SH | | DFND | 1 2 | 77,000 | 0 | 0 |
CORNERSTONE TOTAL RTRN FD IN | COM | 21924U300 | 651 | 46,897 | SH | | DFND | 1 2 | 46,897 | 0 | 0 |
DELAWARE INV MN MUN INC FD I | COM | 24610V103 | 1,206 | 101,384 | SH | | DFND | 1 2 | 101,384 | 0 | 0 |
DTF TAX-FREE INCOME INC | COM | 23334J107 | 223 | 17,364 | SH | | DFND | 1 2 | 17,364 | 0 | 0 |
DWS MUN INCOME TR NEW | COM | 233368109 | 4,138 | 394,461 | SH | | DFND | 1 2 | 394,461 | 0 | 0 |
DWS STRATEGIC MUN INCOME TR | COM | 23342Q101 | 331 | 31,270 | SH | | DFND | 1 2 | 31,270 | 0 | 0 |
EATON VANCE CALIF MUN BD FD | COM | 27828A100 | 747 | 75,000 | SH | | DFND | 1 2 | 75,000 | 0 | 0 |
EATON VANCE FLTG RATE INCOM | COM SHS BEN INT | 278284104 | 663 | 41,937 | SH | | DFND | 1 2 | 41,937 | 0 | 0 |
EATON VANCE FLTNG RATE 2022 | COM | 27831H100 | 1,202 | 129,846 | SH | | DFND | 1 2 | 129,846 | 0 | 0 |
EATON VANCE LTD DUR INCOME F | COM | 27828H105 | 1,014 | 80,000 | SH | | DFND | 1 2 | 80,000 | 0 | 0 |
EATON VANCE MA MUNI INCOME T | SH BEN INT | 27826E104 | 125 | 10,012 | SH | | DFND | 1 2 | 10,012 | 0 | 0 |
EATON VANCE NJ MUNI INCOME T | SH BEN INT | 27826V106 | 1,212 | 106,105 | SH | | DFND | 1 2 | 106,105 | 0 | 0 |
EATON VANCE PA MUNI INCOME T | SH BEN INT | 27826T101 | 361 | 31,761 | SH | | DFND | 1 2 | 31,761 | 0 | 0 |
EATON VANCE SR INCOME TR | SH BEN INT | 27826S103 | 573 | 88,853 | SH | | DFND | 1 2 | 88,853 | 0 | 0 |
EATON VANCE TAX ADV BD OPT S | COM SH BEN INT | 27829M103 | 354 | 40,244 | SH | | DFND | 1 2 | 40,244 | 0 | 0 |
FIRST TR SR FLOATING RATE 20 | COM SHS | 33740K101 | 905 | 97,333 | SH | | DFND | 1 2 | 97,333 | 0 | 0 |
HALCON RES CORP | *W EXP 09/09/202 | 40537Q118 | 1 | 11,671 | SH | | DFND | 1 2 | 11,671 | 0 | 0 |
INVESCO DYNAMIC CR OPP FD | COM | 46132R104 | 130 | 11,300 | SH | | DFND | 1 2 | 11,300 | 0 | 0 |
INVESCO MUN OPPORTUNITY TR | COM | 46132C107 | 1,515 | 132,401 | SH | | DFND | 1 2 | 132,401 | 0 | 0 |
INVESCO MUN TR | COM | 46131J103 | 309 | 26,800 | SH | | DFND | 1 2 | 26,800 | 0 | 0 |
INVESCO PA VALUE MUN INCOME | COM | 46132K109 | 453 | 38,095 | SH | | DFND | 1 2 | 38,095 | 0 | 0 |
INVESCO QUALITY MUNI INC TRS | COM | 46133G107 | 706 | 60,928 | SH | | DFND | 1 2 | 60,928 | 0 | 0 |
INVESCO SR INCOME TR | COM | 46131H107 | 1,011 | 235,000 | SH | | DFND | 1 2 | 235,000 | 0 | 0 |
ISHARES TR | MSCI EMG MKT ETF | 464287234 | 3 | 20,000 | SH | Put | DFND | 1 2 | 20,000 | 0 | 0 |
ISHARES TR | IBOXX HI YD ETF | 464288513 | 11 | 51,600 | SH | Put | DFND | 1 2 | 51,600 | 0 | 0 |
IVY HIGH INC OPPORTUNITIES F | COM | 465893105 | 986 | 69,137 | SH | | DFND | 1 2 | 69,137 | 0 | 0 |
MALLINCKRODT PUB LTD CO | SHS | G5785G107 | 6 | 10,000 | SH | Put | DFND | 1 2 | 10,000 | 0 | 0 |
MIMEDX GROUP INC | COM | 602496101 | 14 | 60,000 | SH | Put | DFND | 1 2 | 60,000 | 0 | 0 |
NEUBERGER BERMAN HGH YLD FD | COM | 64128C106 | 514 | 46,984 | SH | | DFND | 1 2 | 46,984 | 0 | 0 |
NEUBERGER BRMAN CLIFRN MUNI | COM | 64123C101 | 390 | 31,302 | SH | | DFND | 1 2 | 31,302 | 0 | 0 |
NEUBERGER BRMAN NY MUNI FD I | COM | 64124K102 | 533 | 46,638 | SH | | DFND | 1 2 | 46,638 | 0 | 0 |
NUVEEN CALIFORNIA AMT QLT MU | COM | 670651108 | 965 | 75,000 | SH | | DFND | 1 2 | 75,000 | 0 | 0 |
NUVEEN CR STRATEGIES INCM FD | COM SHS | 67073D102 | 877 | 110,000 | SH | | DFND | 1 2 | 110,000 | 0 | 0 |
NUVEEN ENERGY MLP TOTL RTRNF | COM | 67074U103 | 166 | 15,000 | SH | | DFND | 1 2 | 15,000 | 0 | 0 |
NUVEEN FLTNG RTE INCM OPP FD | COM SHS | 6706EN100 | 979 | 95,000 | SH | | DFND | 1 2 | 95,000 | 0 | 0 |
NUVEEN GEORGIA QLTY MUN INC | COM | 67072B107 | 260 | 23,562 | SH | | DFND | 1 2 | 23,562 | 0 | 0 |
NUVEEN MUN 2021 TARGET TERM | COM | 670687102 | 665 | 70,418 | SH | | DFND | 1 2 | 70,418 | 0 | 0 |
NUVEEN NEW JERSEY QULT MUN F | COM | 67069Y102 | 901 | 70,080 | SH | | DFND | 1 2 | 70,080 | 0 | 0 |
NUVEEN NEW YORK AMT QLT MUNI | COM | 670656107 | 1,288 | 108,265 | SH | | DFND | 1 2 | 108,265 | 0 | 0 |
NUVEEN NORTH CAROLINA QLTY M | COM | 67060P100 | 332 | 27,651 | SH | | DFND | 1 2 | 27,651 | 0 | 0 |
NUVEEN OHIO QLTY MUN INCOME | COM | 670980101 | 674 | 49,958 | SH | | DFND | 1 2 | 49,958 | 0 | 0 |
NUVEEN PENNSYLVANIA QLT MUN | COM | 670972108 | 219 | 17,608 | SH | | DFND | 1 2 | 17,608 | 0 | 0 |
NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 | 502 | 39,259 | SH | | DFND | 1 2 | 39,259 | 0 | 0 |
NUVEEN SR INCOME FD | COM | 67067Y104 | 1,093 | 177,468 | SH | | DFND | 1 2 | 177,468 | 0 | 0 |
NUVEEN TEXAS QLTY MUN INCME | COM | 670983105 | 609 | 48,995 | SH | | DFND | 1 2 | 48,995 | 0 | 0 |
PGIM GLOBAL SHORT DURATION H | COM | 69346J106 | 971 | 70,000 | SH | | DFND | 1 2 | 70,000 | 0 | 0 |
REVLON INC | CL A NEW | 761525609 | 6 | 10,000 | SH | Call | DFND | 1 2 | 10,000 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 25 | 14,000 | SH | Put | DFND | 1 2 | 14,000 | 0 | 0 |
TAL ED GROUP | SPONSORED ADS | 874080104 | 5 | 20,000 | SH | Put | DFND | 1 2 | 20,000 | 0 | 0 |
TESLA INC | COM | 88160R101 | 189 | 12,000 | SH | Put | DFND | 1 2 | 12,000 | 0 | 0 |
URBAN ONE INC | CL D NON VTG | 91705J204 | 631 | 315,596 | SH | | DFND | 1 2 | 315,596 | 0 | 0 |
VANECK VECTORS ETF TR | JP MORGAN MKTS | 92189F494 | 27 | 60,000 | SH | Put | DFND | 1 2 | 60,000 | 0 | 0 |
VOYA PRIME RATE TR | SH BEN INT | 92913A100 | 521 | 104,624 | SH | | DFND | 1 2 | 104,624 | 0 | 0 |
WESTERN ASSET CORPORATE LN F | COM | 95790J102 | 288 | 28,996 | SH | | DFND | 1 2 | 28,996 | 0 | 0 |
WESTERN ASSET INTM MUNI FD I | COM | 958435109 | 343 | 40,582 | SH | | DFND | 1 2 | 40,582 | 0 | 0 |