ENSTAR FINANCE CO LLC 09/40 1

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N62BF2PKP51FIIOIUN20 NUSTAR LOGISTICS LP PREFERRED STOCK 01/43 VAR 67059T204 195000 NS USD 4888650 0.9986211495 Long EP CORP US N 1 N N N Pebblebrook Hotel Trust N/A PEBBLEBROOK HOTEL TRUST PREFERRED STOCK 6.375 70509V803 214400 NS USD 4521696 0.9236622088 Long EP CORP US N 1 N N N Synovus Financial Corp. 549300EIUS8UN5JTLE54 SYNOVUS FINANCIAL CORP PREFERRED STOCK VAR 87161C600 211500 NS USD 5266350 1.0757752121 Long EP CORP US N 1 N N N American Equity Investment Life Holding Company 549300RK5RZQ740FPL83 AMERICAN EQUITY INVESTMENT LIF PREFERRED STOCK VAR 025676602 183925 NS USD 4728711.75 0.9659500196 Long EP CORP US N 1 N N N American Financial Group Inc. 549300AFOM7IVKIU1G39 AMERICAN FINANCIAL GROUP INC/O PREFERRED STOCK 12/59 5.125 025932880 162725 NS USD 3791492.5 0.7745010583 Long EP CORP US N 1 N N N The Charles Schwab Corporation N/A CHARLES SCHWAB CORP 12/99 1 808513BD6 4100000 PA USD 4068020 0.8309882705 Long DBT CORP US N 2 2025-06-01 Variable 5.375000000000 N N N N N N Wells Fargo and Company PBLD0EJDB5FWOLXP3B76 WELLS FARGO and CO PREFERRED STOCK 7.5 949746804 11000 NS USD 13837890 2.8267128181 Long EP CORP US N 1 N N N Wells Fargo and Company PBLD0EJDB5FWOLXP3B76 WELLS FARGO and CO JR SUBORDINA 12/49 VAR 949746RG8 2000000 PA USD 1957500 0.3998651775 Long DBT CORP US N 2 2024-06-15 Variable 5.900000000000 N N N N N N BNP Paribas R0MUWSFPU8MPRO8K5P83 BNP PARIBAS BNP PARIBAS 05565AM34 3200000 PA USD 3312000 0.6765534958 Long DBT CORP FR N 2 2029-08-16 Variable 7.750000000000 N N N N N N Markel Corporation 549300SCNO12JLWIK605 MARKEL CORP JR SUBORDINA 12/99 VAR 570535AW4 5500000 PA USD 5486250 1.1206949324 Long DBT CORP US N 2 2025-06-01 Variable 6.000000000000 N N N N N N Unum Group 549300E32YFDO6TZ8R31 UNUM GROUP PREFERRED STOCK 06/58 6.25 91529Y601 170000 NS USD 4272100 0.8726763857 Long EP CORP US N 1 N N N Enbridge Inc. 98TPTUM4IVMFCZBCUR27 ENBRIDGE INC SUBORDINATED 03/78 VAR 29250NAW5 1000000 PA USD 951682.76 0.1944034717 Long DBT CORP CA N 2 2078-03-01 Variable 6.250000000000 N N N N N N Energy Transfer LP MTLVN9N7JE8MIBIJ1H73 ENERGY TRANSFER OPERATING LP JR SUBORDINA 11/66 VAR 29273RBA6 9000000 PA USD 7247813.85 1.4805355667 Long DBT CORP US N 2 2066-11-01 Floating 7.831070000000 N N N N N N The PNC Financial Services Group Inc. CFGNEKW0P8842LEUIA51 PNC FINANCIAL SERVICES GROUP I JR SUBORDINA 12/99 VAR 693475BF1 7469000 PA USD 7471240.7 1.5261757287 Long DBT CORP US N 2 2027-09-15 Variable 6.200000000000 N N N N N N PacWest Bancorp 549300YI8VMFO7G36V04 PACWEST BANCORP PREFERRED STOCK VAR 695263202 302275 NS USD 7822877 1.5980056707 Long EP CORP US N 1 N N N 2023-02-28 John Hancock Preferred Income Fund III /s/Salvatore Schiavone Salvatore Schiavone Treasurer