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 |
A123 SYSTEMS INC | COM | 03739T108 | 400 | 400,000 | PRN | | SOLE | | 400,000 | 0 | 0 |
ADVENT CLAYMORE ENH GRW & IN | COM | 00765E104 | 514 | 50,798 | SH | | SOLE | | 50,798 | 0 | 0 |
ALLIANZGI EQUITY & CONV INCO | COM | 018829101 | 1,324 | 69,405 | SH | | SOLE | | 69,405 | 0 | 0 |
ALLIANZGI GLOBAL EQUITY & CO | COM | 01882W100 | 2,402 | 164,043 | SH | | SOLE | | 164,043 | 0 | 0 |
ALPINE GLOBAL DYNAMIC DIVD F | COM | 02082E106 | 294 | 61,211 | SH | | SOLE | | 61,211 | 0 | 0 |
ALPINE TOTAL DYNAMIC DIVID F | COM | 021060108 | 3,121 | 753,915 | SH | | SOLE | | 753,915 | 0 | 0 |
AMERICAN CAPITAL AGENCY CORP | COM | 02503X105 | 952 | 36,909 | SH | | SOLE | | 36,909 | 0 | 0 |
API TECHNOLOGIES CORP | COM | 00187E203 | 74 | 26,810 | SH | | SOLE | | 26,810 | 0 | 0 |
APOLLO TACTICAL INCOME FD IN | COM | 037638103 | 1,244 | 68,550 | SH | | SOLE | | 68,550 | 0 | 0 |
ARCH COAL INC | COM | 039380100 | 335 | 65,000 | SH | | SOLE | | 65,000 | 0 | 0 |
ARMOUR RESIDENTIAL REIT INC | COM | 042315101 | 2,991 | 579,714 | SH | | SOLE | | 579,714 | 0 | 0 |
ARMOUR RESIDENTIAL REIT INC | COM | 042315101 | 2,528 | 490,000 | SH | Call | SOLE | | 490,000 | 0 | 0 |
ARMOUR RESIDENTIAL REIT INC | COM | 042315101 | 2,152 | 417,000 | SH | Call | SOLE | | 417,000 | 0 | 0 |
AVENUE INCOME CR STRATEGIES | COM | 05358E106 | 1,015 | 58,143 | SH | | SOLE | | 58,143 | 0 | 0 |
BARCLAYS BK PLC | IPATH DYNM VIX | 06741L609 | 707 | 17,600 | SH | | SOLE | | 17,600 | 0 | 0 |
BARCLAYS BK PLC | IPATH S&P500 VIX | 06742E711 | 883 | 46,150 | SH | | SOLE | | 46,150 | 0 | 0 |
BLACKROCK CR ALLCTN INC TR | COM | 092508100 | 6,907 | 504,905 | SH | | SOLE | | 504,905 | 0 | 0 |
BLACKROCK RES & COM STRAT T | SHS | 09257A108 | 1,744 | 136,771 | SH | | SOLE | | 136,771 | 0 | 0 |
BLACKROCK UTILITY & INFRASTRCTU | COM | 09248D104 | 305 | 16,194 | SH | | SOLE | | 16,194 | 0 | 0 |
BLACKSTONE GSO LNG SHRT CR I | COM SHS BN INT | 09257D102 | 312 | 16,286 | SH | | SOLE | | 16,286 | 0 | 0 |
CALAMOS CONV & HIGH INCOME F | COM SHS | 12811P108 | 2,303 | 178,650 | SH | | SOLE | | 178,650 | 0 | 0 |
CALAMOS STRATEGIC TOTL RETURN | COM SH BEN INT | 128125101 | 2,879 | 268,536 | SH | | SOLE | | 268,536 | 0 | 0 |
CENTRAL GOLDTRUST | TR UNIT | 153546106 | 201 | 4,010 | SH | | SOLE | | 4,010 | 0 | 0 |
CLEARBRIDGE ENERGY MLP TR FD | COM | 18469Q108 | 492 | 21,350 | SH | | SOLE | | 21,350 | 0 | 0 |
COHEN & STEERS REIT & PFD IN | COM | 19247X100 | 323 | 18,406 | SH | | SOLE | | 18,406 | 0 | 0 |
COHEN & STEERS INFRASTRUCTUR | COM | 19248A109 | 492 | 24,814 | SH | | SOLE | | 24,814 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 | 16,521 | 412,500 | SH | Put | SOLE | | 412,500 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 | 841 | 21,000 | SH | | SOLE | | 21,000 | 0 | 0 |
CUSHING MLP TOTAL RETURN FD | COM SHS | 231631102 | 4,694 | 564,872 | SH | | SOLE | | 564,872 | 0 | 0 |
CUSHING RENAISSANCE FD | COM | 231647108 | 1,866 | 73,538 | SH | | SOLE | | 73,538 | 0 | 0 |
CYS INVTS INC | COM | 12673A108 | 4,626 | 450,000 | SH | Call | SOLE | | 450,000 | 0 | 0 |
CYS INVTS INC | COM | 12673A108 | 1,995 | 194,063 | SH | | SOLE | | 194,063 | 0 | 0 |
DELL INC | COM | 24702R101 | 1,336 | 100,000 | SH | Call | SOLE | | 100,000 | 0 | 0 |
DUFF & PHELPS GLB UTL INC FD | COM | 26433C105 | 435 | 22,754 | SH | | SOLE | | 22,754 | 0 | 0 |
EASTMAN KODAK CO | CONV | 277461406 | 1,500 | 1,500,000 | PRN | | SOLE | | 1,500,000 | 0 | 0 |
EATON VANCE RISK MNGD DIV EQ | COM | 27829G106 | 1,370 | 121,958 | SH | | SOLE | | 121,958 | 0 | 0 |
FIRST TR MLP & ENERGY INCOME | COM | 33739B104 | 1,069 | 50,330 | SH | | SOLE | | 50,330 | 0 | 0 |
FIRST TRUST MORTGAGE INCM FD | COM SHS | 33734E103 | 521 | 32,130 | SH | | SOLE | | 32,130 | 0 | 0 |
INVESCO DYNAMIC CR OPP FD | COM | 46132R104 | 7,829 | 586,906 | SH | | SOLE | | 586,906 | 0 | 0 |
INVESCO MORTGAGE CAPITAL INC | COM | 46131B100 | 933 | 50,000 | SH | | SOLE | | 50,000 | 0 | 0 |
KAYNE ANDERSON MDSTM ENERGY | COM | 48661E108 | 358 | 10,300 | SH | | SOLE | | 10,300 | 0 | 0 |
LEE ENTERPRISES INC | COM | 523768109 | 206 | 121,439 | SH | | SOLE | | 121,439 | 0 | 0 |
MACQUARIE FT TR GB INF UT DI | COM | 55607W100 | 742 | 47,084 | SH | | SOLE | | 47,084 | 0 | 0 |
MARKET VECTORS ETF TR | GOLD MINER ETF | 57060U100 | 295 | 10,000 | SH | Call | SOLE | | 10,000 | 0 | 0 |
MARKET VECTORS ETF TR | GOLD MINER ETF | 57060U100 | 295 | 10,000 | SH | Call | SOLE | | 10,000 | 0 | 0 |
MARKET VECTORS ETF TR | JR GOLD MINERS E | 57061R544 | 120 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
NEUBERGER BERMAN HGH YLD | COM | 64128C106 | 1,648 | 121,013 | SH | | SOLE | | 121,013 | 0 | 0 |
NEXPOINT CR STRATEGIES FD | COM | 65340G106 | 12,042 | 1,520,440 | SH | | SOLE | | 1,520,440 | 0 | 0 |
NOVAGOLD RES INC | COM | 66987E206 | 88 | 35,000 | SH | | SOLE | | 35,000 | 0 | 0 |
NUVEEN PFD INCOME OPPRTNY FD | COM | 67073B106 | 249 | 25,000 | SH | | SOLE | | 25,000 | 0 | 0 |
NUVEEN CR STRATEGIES INCM FD | COM SHS | 67073D102 | 6,541 | 646,339 | SH | | SOLE | | 646,339 | 0 | 0 |
NUVEEN QUALITY PFD INCOME FD | COM | 67072C105 | 242 | 26,644 | SH | | SOLE | | 26,644 | 0 | 0 |
NUVEEN QUALITY PFD INC FD 3 | COM | 67072W101 | 370 | 42,300 | SH | | SOLE | | 42,300 | 0 | 0 |
NUVEEN REAL ASSET INC & GROW | COM | 67074Y105 | 660 | 33,777 | SH | | SOLE | | 33,777 | 0 | 0 |
PROSHARES TR II | VIX STRMFUT ETF | 74347W361 | 217 | 21,000 | SH | | SOLE | | 21,000 | 0 | 0 |
PUTNAM HIGH INCOME SEC FUND | SHS BEN INT | 746779107 | 1,459 | 181,497 | SH | | SOLE | | 181,497 | 0 | 0 |
PUTNAM MASTER INTER INCOME T | SH BEN INT | 746909100 | 554 | 109,288 | SH | | SOLE | | 109,288 | 0 | 0 |
SALIENT MIDSTREAM & MLP FD | SH BEN INT | 79471V105 | 649 | 28,000 | SH | | SOLE | | 28,000 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 | 2,694 | 71,500 | SH | Put | SOLE | | 71,500 | 0 | 0 |
TORTOISE ENERGY INDEPENDENC | COM | 89148K101 | 378 | 15,239 | SH | | SOLE | | 15,239 | 0 | 0 |
TORTOISE PIPELINE & ENERGY F | COM | 89148H108 | 385 | 13,255 | SH | | SOLE | | 13,255 | 0 | 0 |
TORTOISE POWER & ENERGY INFRAS | COM | 89147X104 | 641 | 24,067 | SH | | SOLE | | 24,067 | 0 | 0 |