Western Investment

Western Investment as of Dec. 31, 2011

Portfolio Holdings for Western Investment

Western Investment holds 49 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Alpine Global Premier Properties Fund 18.9 $21M 4.0M 5.30
Macquarie Global Infr Total Rtrn Fnd 18.6 $21M 1.2M 16.99
MVC Capital 16.5 $18M 1.6M 11.59
TS&W/Claymore Tax-Advantaged Balanced Fu (TYW) 11.5 $13M 1.1M 11.70
Zweig Total Return Fund 10.8 $12M 4.0M 3.03
Gabelli Global Multimedia Trust (GGT) 3.0 $3.3M 536k 6.23
DWS Dreman Value Income Edge Fund 2.2 $2.5M 178k 13.86
Crexus Investment 1.4 $1.6M 156k 10.38
Newcastle Investment 1.4 $1.6M 341k 4.65
First Tr High Income L/s (FSD) 1.2 $1.4M 91k 15.27
Eaton Vance Risk Managed Diversified (ETJ) 1.2 $1.3M 124k 10.45
Redwood Trust (RWT) 1.1 $1.2M 116k 10.18
SunAmerica Focused Alpha Large Cap Fund 1.0 $1.1M 66k 16.22
LMP Capital and Income Fund (SCD) 0.8 $925k 75k 12.37
Apollo Residential Mortgage 0.8 $905k 59k 15.25
Calamos Strategic Total Return Fund (CSQ) 0.7 $768k 92k 8.35
iShares Silver Trust (SLV) 0.5 $579k 22k 26.96
Dynex Capital 0.5 $554k 61k 9.13
Eaton Vance Tax Managed Diversified Eq. (ETY) 0.4 $490k 55k 8.88
Special Opportunities Fund (SPE) 0.4 $496k 34k 14.50
Federated Enhanced Treasury 0.4 $466k 33k 14.33
DWS Global High Income Fund 0.4 $450k 59k 7.57
Eaton Vance Enhanced Equity Income Fund (EOI) 0.4 $421k 41k 10.18
Eaton Vance Tax-Managed Global Dive Eq (EXG) 0.4 $427k 52k 8.25
Apollo Investment 0.4 $398k 62k 6.44
Royce Focus Tr 0.3 $390k 62k 6.30
MUTUAL FUND Gabelli Healthcare & Wellnessr*x (GRX) 0.3 $377k 53k 7.12
Eaton Vance Tax-Advantaged Global Divide (ETO) 0.3 $380k 22k 17.00
Cohen & Steers Total Return Real (RFI) 0.3 $361k 30k 11.91
Eaton Vance Tax-Managed Global Buy-Write (ETW) 0.3 $360k 35k 10.29
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.3 $343k 32k 10.57
Madison/Claymore Cov. Call & Eq. Strat. 0.3 $324k 43k 7.47
Medley Capital Corporation 0.3 $325k 31k 10.40
Invesco Mortgage Capital 0.2 $267k 19k 14.05
Morgan Stanley NY Quality Municipal Sec. (IQN) 0.2 $259k 17k 15.62
Jp Morgan Alerian Mlp Index (AMJ) 0.2 $229k 5.9k 39.01
Central Securities (CET) 0.2 $222k 11k 20.43
MCG Capital Corporation 0.2 $215k 54k 3.99
Calamos Global Dynamic Income Fund (CHW) 0.2 $214k 29k 7.31
Cornerstone Strategic Value 0.2 $196k 30k 6.60
Pennantpark Floating Rate Capi (PFLT) 0.2 $192k 19k 10.32
Oxford Lane Cap Corp (OXLC) 0.1 $163k 12k 13.34
CapLease 0.1 $146k 36k 4.03
BlackRock Enhanced Capital and Income (CII) 0.1 $149k 12k 12.31
BlackRock Strategic Div Achievers Trust (BDT) 0.1 $119k 12k 9.82
Adams Express Company (ADX) 0.1 $96k 10k 9.60
Zweig Fund 0.1 $86k 30k 2.89
Boulder Growth & Income Fund (STEW) 0.1 $92k 16k 5.71
Equus Total Return (EQS) 0.1 $57k 26k 2.24