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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
FLEX LNG LTD SHS G35947202   275,280 12,000 SH   DFND 1 12,000 0 0
INVESCO LTD SHS G491BT108   4,282,600 245,000 SH   DFND 1 245,000 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128   792,500 125,000 SH   DFND 1 125,000 0 0
ALBERTSONS COS INC COMMON STOCK 013091103   15,452,477 786,786 SH   DFND 1 786,786 0 0
ALLIANCE RESOURCE PARTNERS L UT LTD PART 01877R108   670,395 25,500 SH   DFND 1 25,500 0 0
KINETIK HOLDINGS INC COM NEW CL A 02215L209   765,585 13,500 SH   DFND 1 13,500 0 0
AMERICAN WOODMARK CORPORATIO COM 030506109   2,300,326 28,924 SH   DFND 1 28,924 0 0
ANTERO MIDSTREAM CORP COM 03676B102   316,890 21,000 SH   DFND 1 21,000 0 0
APOLLO COML REAL EST FIN INC COM 03762U105   732,636 84,600 SH   DFND 1 84,600 0 0
APOLLO COML REAL EST FIN INC COM 03762U105   177,998 20,554 SH   DFND   20,554 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203   3,083,992 133,333 SH   DFND 1 133,333 0 0
BM TECHNOLOGIES INC CL A COM 05591L107   250,671 51,262 SH   DFND 1 51,262 0 0
BRIGHTHOUSE FINL INC COM 10922N103   497,839 10,363 SH   DFND 1 10,363 0 0
BRIGHTHOUSE FINL INC COM 10922N103   47,992 999 SH   DFND   999 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108   1,696,800 30,000 SH   DFND 1 30,000 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108   1,696,800 30,000 SH   DFND   30,000 0 0
CAPITOL FED FINL INC COM 14057J101   212,760 36,000 SH   DFND 1 36,000 0 0
CITIGROUP INC COM NEW 172967424   21,680,120 308,000 SH   DFND 1 308,000 0 0
CITIGROUP INC COM NEW 172967424   492,730 7,000 SH   DFND   7,000 0 0
CLIPPER RLTY INC COM 18885T306   1,703,962 372,044 SH   DFND 1 372,044 0 0
COGNITION THERAPEUTICS INC COM 19243B102   143,767 205,000 SH   DFND 1 205,000 0 0
COMCAST CORP NEW CL A 20030N101   7,768,710 207,000 SH   DFND 1 207,000 0 0
CONOCOPHILLIPS COM 20825C104   694,190 7,000 SH   DFND   7,000 0 0
CROSSAMERICA PARTNERS LP UT LTD PTN INT 22758A105   308,000 14,000 SH   DFND 1 14,000 0 0
CURIOSITYSTREAM INC COM CL A 23130Q107   42,736 27,932 SH   DFND 1 27,932 0 0
DELEK LOGISTICS PARTNERS LP COM UNT RP INT 24664T103   507,120 12,000 SH   DFND 1 12,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109   838,292 69,166 SH   DFND 1 69,166 0 0
ELLINGTON FINANCIAL INC COM 28852N109   373,708 30,834 SH   DFND   30,834 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   7,317,257 373,520 SH   DFND 1 373,520 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   1,515,796 77,376 SH   DFND   77,376 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107   7,996,800 255,000 SH   DFND 1 255,000 0 0
EOS ENERGY ENTERPRISES INC COM CL A 29415C101   3,302,953 679,620 SH   DFND 1 679,620 0 0
FRANKLIN RESOURCES INC COM 354613101   1,289,430 63,550 SH   DFND 1 63,550 0 0
FRANKLIN RESOURCES INC COM 354613101   1,128,124 55,600 SH   DFND   55,600 0 0
FULL HSE RESORTS INC COM 359678109   144,150 35,331 SH   DFND 1 35,331 0 0
GENERAL MTRS CO COM 37045V100   7,240,458 135,920 SH   DFND 1 135,920 0 0
GENERAL MTRS CO COM 37045V100   2,880,842 54,080 SH   DFND   54,080 0 0
GLOBAL PARTNERS LP COM UNITS 37946R109   814,625 17,500 SH   DFND 1 17,500 0 0
GRANITE PT MTG TR INC COM STK 38741L107   109,454 39,231 SH   DFND 1 39,231 0 0
GRANITE PT MTG TR INC COM STK 38741L107   116,594 41,790 SH   DFND   41,790 0 0
GRAY TELEVISION INC COM 389375106   1,607,136 510,202 SH   DFND 1 510,202 0 0
GRAY TELEVISION INC COM 389375106   94,500 30,000 SH   DFND   30,000 0 0
HESS MIDSTREAM LP CL A SHS 428103105   796,145 21,500 SH   DFND 1 21,500 0 0
IHEARTMEDIA INC COM CL A 45174J509   320,940 162,091 SH   DFND 1 162,091 0 0
JOURNEY MED CORP COM 48115J109   703,800 180,000 SH   DFND 1 180,000 0 0
KEROS THERAPEUTICS INC COM 492327101   159,962 10,105 SH   DFND 1 10,105 0 0
KRAFT HEINZ CO COM 500754106   3,378,100 110,000 SH   DFND 1 110,000 0 0
LCNB CORP COM 50181P100   1,390,750 91,920 SH   DFND 1 91,920 0 0
LCNB CORP COM 50181P100   25,146 1,662 SH   DFND   1,662 0 0
MPLX LP COM UNIT REP LTD 55336V100   1,196,500 25,000 SH   DFND 1 25,000 0 0
MOLSON COORS BEVERAGE CO CL B 60871R209   1,433,000 25,000 SH   DFND 1 25,000 0 0
NEXSTAR MEDIA GROUP INC COMMON STOCK 65336K103   33,944,910 214,882 SH   DFND 1 214,882 0 0
NEXSTAR MEDIA GROUP INC COMMON STOCK 65336K103   1,990,422 12,600 SH   DFND   12,600 0 0
OMEROS CORP COM 682143102   633,436 64,113 SH   DFND 1 64,113 0 0
ONCONETIX INC COM 68237Q104   22,694 36,023 SH   DFND 1 36,023 0 0
ONEOK INC NEW COM 682680103   2,527,269 25,172 SH   DFND 1 25,172 0 0
PHENIXFIN CORP COM 71742W103   2,734,793 54,003 SH   DFND 1 54,003 0 0
PHENIXFIN CORP COM 71742W103   522,823 10,324 SH   DFND   10,324 0 0
PHILLIPS 66 COM 718546104   712,063 6,250 SH   DFND 1 6,250 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105   7,045,500 412,500 SH   DFND 1 412,500 0 0
PRECIGEN INC COM 74017N105   74,048 66,114 SH   DFND 1 66,114 0 0
READY CAPITAL CORP COM 75574U101   1,691,940 248,085 SH   DFND 1 248,085 0 0
READY CAPITAL CORP COM 75574U101   941,399 138,035 SH   DFND   138,035 0 0
SHELL PLC SPON ADS 780259305   908,425 14,500 SH   DFND   14,500 0 0
SINCLAIR INC CL A 829242106   10,626,899 658,420 SH   DFND 1 658,420 0 0
SUNOCO LP/SUNOCO FIN CORP COM UT REP LP 86765K109   1,003,080 19,500 SH   DFND 1 19,500 0 0
TALOS ENERGY INC COM 87484T108   14,444,955 1,487,637 SH   DFND 1 1,487,637 0 0
TORTOISE ENERGY INFRA CORP COM 89147L886   4,191,894 99,807 SH   DFND 1 99,807 0 0
TORTOISE ENERGY INFRA CORP COM 89147L886   432,390 10,295 SH   DFND   10,295 0 0
TWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 90187BAB7   3,949,880 4,000,000 PRN   DFND 1 4,000,000 0 0
TWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 90187BAB7   1,974,940 2,000,000 PRN   DFND   2,000,000 0 0
TWO HBRS INVT CORP COM 90187B804   164,404 13,897 SH   DFND   13,897 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109   565,440 24,000 SH   DFND 1 24,000 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109   262,694 11,150 SH   DFND   11,150 0 0
UBER TECHNOLOGIES INC COM 90353T100   5,428,800 90,000 SH   DFND 1 90,000 0 0
VIATRIS INC COM 92556V106   622,500 50,000 SH   DFND 1 50,000 0 0
VIATRIS INC COM 92556V106   622,500 50,000 SH   DFND   50,000 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   6,676,699 631,665 SH   DFND 1 631,665 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   317,100 30,000 SH   DFND   30,000 0 0
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 958669103   960,750 25,000 SH   DFND 1 25,000 0 0
XPERI INC COMMON STOCK 98423J101   832,597 81,071 SH   DFND 1 81,071 0 0