The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
DEUTSCHE BANK A G NAMEN AKT D18190898 840 66,168 SH   DFND 1 66,168 0 0
DEUTSCHE BANK A G NAMEN AKT D18190898 783 61,631 SH   DFND   61,631 0 0
ENDO INTL PLC SHS G30401106 634 195,690 SH   DFND 1 195,690 0 0
ENDO INTL PLC SHS G30401106 102 31,500 SH   DFND   31,500 0 0
INVESCO LTD SHS G491BT108 5,907 245,000 SH   DFND 1 245,000 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 1,640 125,000 SH   DFND 1 125,000 0 0
CHUBB LIMITED COM H1467J104 18,343 105,734 SH   SOLE   105,734 0 0
ALX ONCOLOGY HLDGS INC COM 00166B105 415 5,613 SH   DFND 1 5,613 0 0
ACUTUS MED INC COM 005111109 2,652 299,995 SH   DFND 1 299,995 0 0
AMERICAN WOODMARK CORPORATIO COM 030506109 6,989 106,917 SH   DFND 1 106,917 0 0
ANTERO MIDSTREAM CORP COM 03676B102 208 20,000 SH   DFND 1 20,000 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 1,255 84,600 SH   DFND 1 84,600 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 305 20,554 SH   DFND   20,554 0 0
ARBOR REALTY TRUST INC NOTE 4.750%11/0 038923AP3 5,523 5,000,000 PRN   DFND 1 5,000,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 4,021 133,333 SH   DFND 1 133,333 0 0
ARLINGTON ASSET INVST CORP CL A NEW 041356205 2,362 638,342 SH   DFND 1 638,342 0 0
ARLINGTON ASSET INVST CORP CL A NEW 041356205 1,778 480,506 SH   DFND   480,506 0 0
AUDACY INC CL A 05070N103 868 235,834 SH   DFND 1 235,834 0 0
BP MIDSTREAM PARTNERS LP UNIT LTD PTNR 0556EL109 186 14,000 SH   DFND 1 14,000 0 0
BM TECHNOLOGIES INC CL A COM 05591L107 456 51,262 SH   DFND 1 51,262 0 0
BARCLAYS PLC ADR 06738E204 2,074 201,000 SH   DFND 1 201,000 0 0
BARCLAYS PLC ADR 06738E204 1,785 173,000 SH   DFND   173,000 0 0
BERKLEY W R CORP COM 084423102 12,843 175,500 SH   SOLE   175,500 0 0
BIOLIFE SOLUTIONS INC COM NEW 09062W204 1,748 41,316 SH   DFND 1 41,316 0 0
BLACKSTONE MTG TR INC NOTE 4.750% 3/1 09257WAC4 1,530 1,500,000 PRN   DFND 1 1,500,000 0 0
BLACKSTONE MTG TR INC NOTE 4.750% 3/1 09257WAC4 510 500,000 PRN   DFND   500,000 0 0
BRIGHTHOUSE FINL INC COM 10922N103 469 10,363 SH   DFND 1 10,363 0 0
BRIGHTHOUSE FINL INC COM 10922N103 45 999 SH   DFND   999 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 1,775 30,000 SH   DFND 1 30,000 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 1,775 30,000 SH   DFND   30,000 0 0
CAPITOL FED FINL INC COM 14057J101 414 36,000 SH   DFND 1 36,000 0 0
CITIGROUP INC COM NEW 172967424 21,615 308,000 SH   DFND 1 308,000 0 0
CITIGROUP INC COM NEW 172967424 491 7,000 SH   DFND   7,000 0 0
CLIPPER RLTY INC COM 18885T306 3,014 372,044 SH   DFND 1 372,044 0 0
COMCAST CORP NEW CL A 20030N101 11,578 207,000 SH   DFND 1 207,000 0 0
CONOCOPHILLIPS COM 20825C104 474 7,000 SH   DFND   7,000 0 0
CONSOLIDATED COMM HLDGS INC COM 209034107 5,449 592,877 SH   DFND   592,877 0 0
CROSSAMERICA PARTNERS LP UT LTD PTN INT 22758A105 199 10,000 SH   DFND 1 10,000 0 0
CURIOSITYSTREAM INC COM CL A 23130Q107 287 27,251 SH   DFND 1 27,251 0 0
CUSTOMERS BANCORP INC COM 23204G100 14,331 333,114 SH   DFND 1 333,114 0 0
DCP MIDSTREAM LP COM UT LTD PTN 23311P100 282 10,000 SH   DFND 1 10,000 0 0
DIGITALBRIDGE GROUP INC CL A COM 25401T108 1,438 238,515 SH   DFND 1 238,515 0 0
DIGITALBRIDGE GROUP INC CL A COM 25401T108 104 17,233 SH   DFND   17,233 0 0
DISH NETWORK CORPORATION CL A 25470M109 1,304 30,000 SH   DFND 1 30,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109 1,265 69,166 SH   DFND 1 69,166 0 0
ELLINGTON FINANCIAL INC COM 28852N109 564 30,834 SH   DFND   30,834 0 0
ELOXX PHARMACEUTICALS INC COM 29014R103 2,412 1,480,000 SH   DFND 1 1,480,000 0 0
ENABLE MIDSTREAM PARTNERS LP COM UNIT RP IN 292480100 81 10,000 SH   DFND 1 10,000 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 2,984 311,520 SH   DFND 1 311,520 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 741 77,376 SH   DFND   77,376 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 5,302 245,000 SH   DFND 1 245,000 0 0
ENVIVA PARTNERS LP COM UNIT 29414J107 541 10,000 SH   DFND 1 10,000 0 0
EOS ENERGY ENTERPRISES INC COM CL A 29415C101 7,602 541,847 SH   DFND 1 541,847 0 0
EQUITRANS MIDSTREAM CORP COM 294600101 247 24,400 SH   DFND 1 24,400 0 0
FLEXION THERAPEUTICS INC COM 33938J106 969 158,850 SH   DFND 1 158,850 0 0
FRANCHISE GROUP INC COM 35180X105 24,295 686,115 SH   DFND 1 686,115 0 0
FRANKLIN RESOURCES INC COM 354613101 1,889 63,550 SH   DFND 1 63,550 0 0
FRANKLIN RESOURCES INC COM 354613101 1,652 55,600 SH   DFND   55,600 0 0
FULL HSE RESORTS INC COM 359678109 375 35,331 SH   DFND 1 35,331 0 0
GENERAL MTRS CO COM 37045V100 7,164 135,920 SH   DFND 1 135,920 0 0
GENERAL MTRS CO COM 37045V100 2,851 54,080 SH   DFND   54,080 0 0
GENESIS ENERGY L P UNIT LTD PARTN 371927104 100 10,000 SH   DFND 1 10,000 0 0
GRANITE PT MTG TR INC COM STK 38741L107 517 39,231 SH   DFND 1 39,231 0 0
GRANITE PT MTG TR INC COM STK 38741L107 550 41,790 SH   DFND   41,790 0 0
GRAY TELEVISION INC COM 389375106 12,409 543,797 SH   DFND 1 543,797 0 0
GRAY TELEVISION INC COM 389375106 3,914 171,500 SH   DFND   171,500 0 0
HESS MIDSTREAM LP CL A SHS 428103105 536 19,000 SH   DFND 1 19,000 0 0
HOWARD BANCORP INC COM 442496105 1,093 53,900 SH   DFND 1 53,900 0 0
KAYNE ANDERSON ENERGY INFRST COM 486606106 3,937 492,098 SH   DFND 1 492,098 0 0
KELLOGG CO COM 487836108 2,483 38,850 SH   DFND 1 38,850 0 0
KEROS THERAPEUTICS INC COM 492327101 400 10,105 SH   DFND 1 10,105 0 0
KRAFT HEINZ CO COM 500754106 4,050 110,000 SH   DFND 1 110,000 0 0
LCNB CORP COM 50181P100 1,607 91,920 SH   DFND 1 91,920 0 0
LCNB CORP COM 50181P100 29 1,662 SH   DFND   1,662 0 0
LEGACY HOUSING CORP COM 52472M101 1,694 94,285 SH   DFND 1 94,285 0 0
LIFEMD INC COM 53216B104 2,111 340,000 SH   DFND 1 340,000 0 0
MPLX LP COM UNIT REP LTD 55336V100 612 21,500 SH   DFND 1 21,500 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 684 15,000 SH   DFND 1 15,000 0 0
MOLSON COORS BEVERAGE CO CL B 60871R209 1,160 25,000 SH   DFND 1 25,000 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 4,504 350,000 SH   DFND 1 350,000 0 0
NEW YORK MTG TR INC NOTE 6.250% 1/1 649604AD7 3,782 3,750,000 PRN   DFND 1 3,750,000 0 0
NEW YORK MTG TR INC NOTE 6.250% 1/1 649604AD7 2,057 2,039,000 PRN   DFND   2,039,000 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 34,933 229,882 SH   DFND 1 229,882 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 1,915 12,600 SH   DFND   12,600 0 0
NURIX THERAPEUTICS INC COM 67080M103 223 7,442 SH   DFND 1 7,442 0 0
OMEROS CORP COM 682143102 884 64,113 SH   DFND 1 64,113 0 0
ONEOK INC NEW COM 682680103 812 14,000 SH   DFND 1 14,000 0 0
PENNYMAC CORP NOTE 5.500%11/0 70932AAD5 7,139 7,000,000 PRN   DFND 1 7,000,000 0 0
PHENIXFIN CORP COM 71742W103 2,317 54,003 SH   DFND 1 54,003 0 0
PHENIXFIN CORP COM 71742W103 443 10,324 SH   DFND   10,324 0 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 448 12,500 SH   DFND 1 12,500 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 4,195 412,500 SH   DFND 1 412,500 0 0
POTBELLY CORP COM 73754Y100 203 30,000 SH   DFND 1 30,000 0 0
POTBELLY CORP COM 73754Y100 475 70,000 SH   DFND   70,000 0 0
READY CAPITAL CORP COM 75574U101 3,580 248,085 SH   DFND 1 248,085 0 0
READY CAPITAL CORP COM 75574U101 1,992 138,035 SH   DFND   138,035 0 0
RELAY THERAPEUTICS INC COM 75943R102 236 7,484 SH   DFND 1 7,484 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 354 8,000 SH   DFND   8,000 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 290 6,500 SH   DFND   6,500 0 0
SELECT INTERIOR CONCEPTS INC CL A 816120307 8,725 605,053 SH   DFND 1 605,053 0 0
SELECT ENERGY SVCS INC CL A COM 81617J301 3,004 578,710 SH   DFND 1 578,710 0 0
SELECT ENERGY SVCS INC CL A COM 81617J301 1,239 238,652 SH   DFND   238,652 0 0
SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 822634101 159 13,500 SH   DFND 1 13,500 0 0
SUNOCO LP/SUNOCO FIN CORP COM UT REP LP 86765K109 560 15,000 SH   DFND 1 15,000 0 0
TPG SPECIALTY LENDING INC NOTE 4.500% 8/0 87265KAD4 5,999 5,000,000 PRN   DFND 1 5,000,000 0 0
TEGNA INC COM 87901J105 1,380 70,000 SH   DFND 1 70,000 0 0
TEGNA INC COM 87901J105 592 30,000 SH   DFND   30,000 0 0
TELOS CORP MD COM 87969B101 6,039 212,500 SH   DFND 1 212,500 0 0
TORTOISE ENERGY INFRA CORP COM 89147L886 3,421 126,225 SH   DFND 1 126,225 0 0
TORTOISE ENERGY INFRA CORP COM 89147L886 353 13,019 SH   DFND   13,019 0 0
TWO HBRS INVT CORP COM NEW 90187B408 2,482 391,542 SH   DFND 1 391,542 0 0
TWO HBRS INVT CORP COM NEW 90187B408 1,115 175,823 SH   DFND   175,823 0 0
TWO HBRS INVT CORP NOTE 6.250% 1/1 90187BAA9 13,945 13,750,000 PRN   DFND 1 13,750,000 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109 298 18,000 SH   DFND 1 18,000 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109 185 11,150 SH   DFND   11,150 0 0
VIATRIS INC COM 92556V106 677 50,000 SH   DFND 1 50,000 0 0
VIATRIS INC COM 92556V106 677 50,000 SH   DFND   50,000 0 0
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 958669103 398 19,000 SH   DFND 1 19,000 0 0
XPERI HOLDING CORP COM 98390M103 16,724 887,671 SH   DFND 1 887,671 0 0