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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>10,000 SHS COHEN &amp; STEERS MLP INCOME &amp; ENERGY OPP FUND</PropertyDesc>
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            <State>NY</State>
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            <State>NY</State>
            <ZIPCode>10001</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>SAFE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 230060</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11223</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>EXCEED NETWORK</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>379 KINGS HIGHWAY</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11223</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>2600</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>ECHO NATIONAL JEWISH INSTITUTE FOR HEALTH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>295 W RTE 59</AddressLine1>
            <City>SPRING VALLEY</City>
            <State>NY</State>
            <ZIPCode>10977</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>2400</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>KEREN HAYESHIVOT TRUST</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1954 EAST 5TH STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11223</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>1800</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>YESHIVA GEDOLEH OF BAYONNE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>735 AVE C</AddressLine1>
            <City>BAYONNE</City>
            <State>NJ</State>
            <ZIPCode>07002</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>NVE ERETZ</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1617 EAST 23RD STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11229</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>1500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>OR HACHAIM</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>33 34TH ST</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11232</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>3600</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>MIRRER YESHIVA CENTRAL INSTITUTE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1791 OCEAN PARKWAY</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11223</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATIONAL</GrantOrContributionPurposeTxt>
          <Amt>4100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>SYNAGOGUE OF DEAL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>128 NORWOOD AVE</AddressLine1>
            <City>DEAL</City>
            <State>NJ</State>
            <ZIPCode>07723</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITY</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>97000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>126</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>58495</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>47377</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-2468</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>LOSSES FROM PARTNERSHIPS</Desc>
          <BusinessCd>211110</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-567</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>-567</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>103530</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>102963</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorporateBondsGrp>
        <BondNm>STATE OF ISRAEL BONDS</BondNm>
        <EOYBookValueAmt>175000</EOYBookValueAmt>
        <EOYFMVAmt>175000</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>ALPINE TOTAL DYNAMIC DIV FD</StockNm>
        <EOYBookValueAmt>138600</EOYBookValueAmt>
        <EOYFMVAmt>29037</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BLACKROCK INTL GROWTH &amp; INC TR</StockNm>
        <EOYBookValueAmt>120929</EOYBookValueAmt>
        <EOYFMVAmt>92357</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CIFC CORP.</StockNm>
        <EOYBookValueAmt>216200</EOYBookValueAmt>
        <EOYFMVAmt>11670</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EATON VANCE TAX-MANAGED OPP FD</StockNm>
        <EOYBookValueAmt>30055</EOYBookValueAmt>
        <EOYFMVAmt>53939</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EATON VANCE TAX-MANAGED GLOBAL</StockNm>
        <EOYBookValueAmt>89354</EOYBookValueAmt>
        <EOYFMVAmt>143400</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HENDERSON GL-EUROPEAN FOCUS FD</StockNm>
        <EOYBookValueAmt>239966</EOYBookValueAmt>
        <EOYFMVAmt>260498</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ING GLOBAL EQ DIV &amp; PRM OPP FD</StockNm>
        <EOYBookValueAmt>46900</EOYBookValueAmt>
        <EOYFMVAmt>28640</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NUVEEN EQ PREM ADVANTAGED FD</StockNm>
        <EOYBookValueAmt>57275</EOYBookValueAmt>
        <EOYFMVAmt>63200</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BLACKROCK ENHANCED CAPITAL &amp; I</StockNm>
        <EOYBookValueAmt>57652</EOYBookValueAmt>
        <EOYFMVAmt>42705</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DEUTSCHE BANK 8.05% CONT CAP T</StockNm>
        <EOYBookValueAmt>200000</EOYBookValueAmt>
        <EOYFMVAmt>213600</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VISA INC</StockNm>
        <EOYBookValueAmt>4400</EOYBookValueAmt>
        <EOYFMVAmt>22268</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHIMERA INVESTMENT CORP</StockNm>
        <EOYBookValueAmt>55463</EOYBookValueAmt>
        <EOYFMVAmt>45725</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BLACKROCK RES &amp; COMMODIT STRAT</StockNm>
        <EOYBookValueAmt>48000</EOYBookValueAmt>
        <EOYFMVAmt>28975</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CYS INVESTMENTS INC.</StockNm>
        <EOYBookValueAmt>26771</EOYBookValueAmt>
        <EOYFMVAmt>16302</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TWO HARBORS INVT CORP</StockNm>
        <EOYBookValueAmt>76336</EOYBookValueAmt>
        <EOYFMVAmt>67744</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST REPUBLIC NON-CUM E 7%</StockNm>
        <EOYBookValueAmt>100000</EOYBookValueAmt>
        <EOYFMVAmt>102720</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SILVER BAY REALTY TRUST</StockNm>
        <EOYBookValueAmt>3547</EOYBookValueAmt>
        <EOYFMVAmt>2926</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TOL STEPS ISSUES BAC CPN 8%</StockNm>
        <EOYBookValueAmt>140000</EOYBookValueAmt>
        <EOYFMVAmt>146720</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsLandSchedule2 documentId="InvLandSch2" />
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssetsScheduleGrp>
        <Desc>ROYAL PROMENADE LLC</Desc>
        <BOYBookValueAmt>-85379</BOYBookValueAmt>
        <EOYBookValueAmt>-78345</EOYBookValueAmt>
        <EOYFMVAmt>120000</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>CVR REFINING LP</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>77604</EOYBookValueAmt>
        <EOYFMVAmt>58812</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>KINDER MORGAN ENERGY PTNRS LP</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>19120</EOYBookValueAmt>
        <EOYFMVAmt>20972</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>NORTHERN TIER ENERGY LP</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>76117</EOYBookValueAmt>
        <EOYFMVAmt>76260</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>217</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>217</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>33</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>4</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE &amp; DELIVERY</Desc>
        <RevenueAndExpensesPerBooksAmt>140</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>140</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NYS FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>500</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>500</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>INCOME FROM PARTNERSHIP-ROYAL PROMENADE</Desc>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>EIN: 13-4119440</Desc>
        <RevenueAndExpensesPerBooksAmt>47377</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>47377</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>INCOME FROM KINDER MORGAN ENERGY PARTNER</Desc>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>EIN: 76-0380342</Desc>
        <RevenueAndExpensesPerBooksAmt>-1452</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>INCOME FROM NORTHERN TIER ENERGY LP</Desc>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>EIN: 80-0763623</Desc>
        <RevenueAndExpensesPerBooksAmt>-947</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>INCOME FROM CVR REFINING LP</Desc>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>EIN: 37-1702463</Desc>
        <RevenueAndExpensesPerBooksAmt>1832</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FEDERAL, STATE &amp; FOREIGN TAXES</CategoryTxt>
        <Amt>1758</Amt>
        <NetInvestmentIncomeAmt>4284</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>