Full Value Advisors

Full Value Advisors as of Sept. 30, 2008

Portfolio Holdings for Full Value Advisors

Full Value Advisors holds 133 positions in its portfolio as reported in the September 2008 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Pioneer Mun & Equity Income 14.8 $63M 5.7M 11.18
Secure Amer Acquisition 4.1 $17M 2.3M 7.39
Cohen & Steers infrastucture Fund (UTF) 4.0 $17M 1.1M 15.90
Tm Entmt & Media 3.7 $16M 2.2M 7.22
Mexico Fund (MXF) 3.4 $14M 577k 25.00
United Refining Energy 3.3 $14M 1.5M 9.08
Franklin Universal Trust (FT) 3.0 $13M 2.4M 5.19
Putnam Master Int. Income (PIM) 2.6 $11M 2.1M 5.39
Cohen & Steers Reit & Util I 2.6 $11M 878k 12.54
Pimco Municipal Advantage Fund mc 2.5 $11M 1.1M 10.22
New Germany Fund (GF) 2.5 $11M 995k 10.70
Granahan Mccourt Acq 2.5 $11M 1.3M 8.20
Energy Infras 2.4 $10M 1.0M 10.14
Alternative Asset Management 2.4 $10M 1.1M 9.00
Tremisis Energy Acq Corp Ii 2.1 $9.0M 1.3M 7.10
Gyrodyne Company of America 2.0 $8.4M 220k 38.09
Advanced Technology Acqu Cor 1.9 $8.3M 1.1M 7.53
Zweig Fund 1.6 $7.1M 2.0M 3.57
Dws Global Commodities Stk F 1.6 $6.8M 533k 12.72
Dekania 1.6 $6.6M 696k 9.55
Stoneleigh Partners Acqus 1.5 $6.5M 866k 7.55
Polaris Acquisition 1.5 $6.5M 700k 9.30
Gabelli Dividend & Income Trust (GDV) 1.5 $6.4M 461k 13.78
Inter Atlantic Financial 1.2 $5.1M 697k 7.29
Overture Acquisition 1.2 $5.0M 550k 9.18
Gsc Acquisition Company 1.1 $4.6M 498k 9.23
Atlas Acquisition Hldgs 1.1 $4.6M 513k 8.99
First Tr/aberdeen Emerg Opt 1.1 $4.5M 341k 13.29
Western Asset Vrble Rate Strtgc Fnd 1.0 $4.3M 355k 12.12
Sapphire Industrials 1.0 $4.1M 461k 8.99
Trans-india Acquisition 0.9 $3.8M 490k 7.68
China Healthcare Acq 0.9 $3.7M 689k 5.40
LMP Corporate Loan Fund 0.8 $3.6M 444k 8.15
Western Asset Inflation Mgnt Fnd (IMF) 0.8 $3.6M 248k 14.35
Wilshire Oil Co Tex 0.8 $3.5M 1.2M 2.97
Morgan Stanley Asia Pacific Fund 0.8 $3.4M 251k 13.39
Castle Conv 0.8 $3.3M 182k 18.18
Investment Grade Mun Income 0.7 $3.2M 282k 11.28
Putnam High Income Securities Fund 0.7 $3.0M 509k 5.90
MFS Charter Income Trust (MCR) 0.7 $2.9M 395k 7.35
Rmr Real Estate Fd sh ben int 0.6 $2.7M 334k 8.20
Swiss Helvetia Fund (SWZ) 0.6 $2.6M 207k 12.59
Sports Pptys Acquisition Cor 0.6 $2.5M 281k 9.00
MFS Multimarket Income Trust (MMT) 0.6 $2.4M 476k 5.00
Renaissance Acquisition 0.5 $2.3M 613k 3.76
Rmr Hospitality & Real Estate 0.5 $2.2M 216k 10.27
Ellsworth Fund (ECF) 0.5 $2.1M 404k 5.30
Bancroft Fund (BCV) 0.5 $2.1M 159k 13.20
Other strategy 0.5 $2.1M 147k 14.17
SunAmerica Focused Alpha Growth Fund 0.5 $2.1M 160k 12.90
Ghl Acquisition Corp 0.5 $2.0M 329k 5.95
Templeton Dragon Fund (TDF) 0.4 $1.8M 89k 19.69
Acm Managed Dollar Income 0.4 $1.7M 330k 5.22
Tailwind Finl 0.4 $1.7M 215k 7.77
Geneva Acquisition 0.4 $1.7M 299k 5.62
Vestin Realty Mortgage II (VRTB) 0.4 $1.6M 413k 3.89
Dreyfus High Yield Strategies Fund 0.4 $1.5M 518k 2.98
Seligman Select Mun 0.4 $1.5M 167k 9.22
Roberts Realty Investors 0.3 $1.5M 378k 4.00
First Tr Four Crnrs Sr Flt R 0.3 $1.4M 138k 10.18
Prospect Acquisition 0.3 $1.4M 152k 9.09
Putnam Municipal Opportunities Trust (PMO) 0.3 $1.3M 124k 10.35
Exceed 0.3 $1.1M 156k 7.24
Liberty All-Star Equity Fund (USA) 0.2 $1.0M 227k 4.51
LGL (LGL) 0.2 $1.0M 206k 5.00
Mexico Equity and Income Fund (MXE) 0.2 $1.0M 57k 18.30
Western Asset Municipal Partners Fnd 0.2 $972k 93k 10.43
Old Mutual Claymore Lng Sht 0.2 $976k 97k 10.10
Western Asset Global High Income Fnd (EHI) 0.2 $936k 112k 8.37
Morgan Stanley Emerging Markets Debt (MSD) 0.2 $791k 109k 7.23
FFD Financial Corporation (FFDF) 0.2 $812k 68k 12.00
Neuberger Berman Real Estate Sec (NRO) 0.2 $707k 99k 7.15
Asia Special Sit Acqst 0.2 $720k 80k 9.00
WINTHROP REALTY TRUST Com Reit 0.2 $699k 179k 3.90
Hallwood Group Incorporated 0.2 $696k 11k 64.99
Nuveen Multi-Strategy Income & Growth (JPC) 0.1 $629k 105k 6.02
PharmAthene 0.1 $651k 366k 1.78
Media & Entmt Holdings 0.1 $616k 82k 7.50
Bpw Acquisition Corp 0.1 $538k 60k 8.97
Tri-Continental Corporation (TY) 0.1 $577k 40k 14.61
Claymore Raymond James Sb1 E 0.1 $537k 36k 14.79
Tm Entmt & Media Inc *w exp 10/17/201 0.1 $507k 2.2M 0.23
Nuveen Multi-Strategy Inc & Growth Fd 2 (JQC) 0.1 $512k 86k 5.97
China Ceramics 0.1 $452k 50k 9.04
Insured Mun Income Fd Com closed end 0.1 $462k 43k 10.66
Dws Rreef Real Estate Fd Ii 0.1 $426k 52k 8.16
Churchill Ventures 0.1 $384k 49k 7.80
Kbl Healthcare Acquis Corp I 0.1 $370k 50k 7.37
Hicks Acquisition Co I 0.1 $359k 40k 8.98
Putnam Premier Income Trust (PPT) 0.1 $354k 65k 5.43
Mbf Healthcare Acquisition C 0.1 $322k 42k 7.74
John Hancock Patriot Premium Div Fund II (PDT) 0.1 $242k 33k 7.36
Warwick Valley Telephone Company 0.1 $237k 21k 11.24
Magyar Ban 0.1 $264k 32k 8.36
United Refining Energy Corp *w exp 12/11/201 0.1 $247k 1.2M 0.21
Tremisis Energy Acq Corp Ii *w exp 12/05/201 0.1 $230k 921k 0.25
Adams Express Company (ADX) 0.1 $225k 21k 10.75
Time Warner 0.0 $163k 12k 13.10
PennantPark Investment (PNNT) 0.0 $186k 25k 7.42
Center Ban 0.0 $192k 19k 10.16
Enterprise Acquisition Corp 0.0 $175k 19k 9.21
DTF Tax Free Income (DTF) 0.0 $177k 15k 11.64
Aberdeen Emerging Mkts Telecom & etf 0.0 $167k 11k 15.18
Alyst Acquistion 0.0 $177k 20k 8.98
Polaris Acquisition Corp *w exp 01/10/201 0.0 $180k 450k 0.40
Inter Atlantic Financial Inc *w exp 10/02/201 0.0 $160k 697k 0.23
Secure Amer Acquisition Corp *w exp 10/23/201 0.0 $171k 1.7M 0.10
Overture Acquisition Corp *w exp 01/30/201 0.0 $145k 500k 0.29
D&e Communications 0.0 $126k 18k 6.96
First Trust/Four Corners SFRI Fund II (FCT) 0.0 $116k 11k 10.18
Dws Dreman Value Income Edge 0.0 $131k 16k 8.29
Morgan Stanley High Yield 0.0 $138k 34k 4.11
Nuveen Fla Quality Income Mu 0.0 $140k 14k 10.29
United Refining Energy Corp unit 99/99/9999 0.0 $144k 16k 9.00
Capitol Acquisition Corp Cmn 0.0 $90k 10k 9.00
Sp Acquisition Holdings Inc *w exp 10/10/201 0.0 $90k 300k 0.30
Delaware Investments Dividend And Income 0.0 $103k 15k 6.82
Global Brands Acquisition 0.0 $92k 10k 9.20
Sports Pptys Acquisition Cor *w exp 01/17/201 0.0 $66k 221k 0.30
Ghl Acquisition Corp *w exp 02/14/201 0.0 $51k 80k 0.64
Stream Global Services 0.0 $37k 14k 2.61
Credit Suisse High Yield Bond Fund (DHY) 0.0 $22k 10k 2.20
Sapphire Industrials Corp *w exp 01/17/201 0.0 $17k 58k 0.30
Bpw Acquisition Corp *w exp 02/26/201 0.0 $18k 60k 0.30
Prospect Acquisition Corp *w exp 11/14/201 0.0 $6.0k 30k 0.20
Stream Global Svcs Inc *w 0.0 $1.0k 13k 0.08
Blackrock High Income Shares 0.0 $15k 10k 1.50
Atlas Acquisition Wrnt W Exp 01/23/2012 0.0 $9.9k 58k 0.17
Global Brands Acquisition 0.0 $2.0k 10k 0.20
Energy Infrastructure Acqui *w exp 07/17/2010 0.0 $1.1k 112k 0.01
Golf Tr Amer 0.0 $21k 15k 1.40
Advanced Technology Acqu Cor *w exp 06/18/201 0.0 $9.0k 100k 0.09
Capitol Acquisition Corp Del *w exp 11/08/201 0.0 $3.0k 10k 0.30