0001752724-24-015002.txt : 20240126 0001752724-24-015002.hdr.sgml : 20240126 20240126112941 ACCESSION NUMBER: 0001752724-24-015002 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231130 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 PERIOD START: 20231130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLAHERTY & CRUMRINE TOTAL RETURN FUND INC CENTRAL INDEX KEY: 0001245648 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21380 FILM NUMBER: 24565403 BUSINESS ADDRESS: STREET 1: 301 E COLORADO BLVD STE 800 STREET 2: C/O FLAHERTY & CRUMRINE INC CITY: PASADENA STATE: CA ZIP: 91101 BUSINESS PHONE: (626) 795-7300 MAIL ADDRESS: STREET 1: 301 E COLORADO BLVD STE 800 STREET 2: C/O FLAHERTY & CRUMRINE INC CITY: PASADENA STATE: CA ZIP: 91101 FORMER COMPANY: FORMER CONFORMED NAME: FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETURN FUND INC DATE OF NAME CHANGE: 20030623 NPORT-P 1 primary_doc.xml NPORT-P false 0001245648 XXXXXXXX Flaherty & Crumrine Total Return Fund Inc 811-21380 0001245648 254900OFZ9J1RLHWZQ22 301 East Colorado Boulevard Suite 800 Pasadena 91101 626-795-7300 Flaherty & Crumrine Total Return Fund Incorporated 254900OFZ9J1RLHWZQ22 2023-11-30 2023-11-30 N 290926971.29 120234894.07 170692077.22 0.00000000 0.00000000 118500000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 USD N HEARTLAND FINANCIAL USA 549300QF7B0DFZT32C73 Heartland Financial USA Inc 42234Q201 42600.00000000 NS USD 1046256.00000000 0.612949362993 Long EP CORP US N 1 N N N DELPHI FINANCIAL GROUP 5493001NGT0EEYMZG011 Delphi Financial Group Inc 247131303 224200.00000000 NS USD 5016475.00000000 2.938903247122 Long EP CORP US N 2 N N N UBS GROUP AG 549300SZJ9VS8SGXAN81 UBS Group AG 902613AD0 675000.00000000 PA USD 505544.83000000 0.296173576555 Long DBT CORP CH N 2 N/A Fixed 4.37500000 N N N N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 HSBC Holdings PLC 404280BP3 4265000.00000000 PA USD 3893560.72000000 2.281043609881 Long DBT CORP GB N 2 N/A Fixed 6.50000000 N N N N N N CREDIT AGRICOLE SA 969500TJ5KRTCJQWXH05 Credit Agricole SA 225313AD7 395000.00000000 PA USD 395691.25000000 0.231815826747 Long DBT CORP FR N 2 N/A Fixed 7.87500000 N N N N N N APOLLO MANAGEMENT HOLDIN 5493006XQW0V5K38YM64 Apollo Management Holdings LP 03765HAE1 440000.00000000 PA USD 397727.35000000 0.233008676487 Long DBT CORP US N 2 2050-01-14 Fixed 4.95000000 N N N N N N BANCO BILBAO VIZCAYA ARG K8MS7FD7N5Z2WQ51AZ71 Banco Bilbao Vizcaya Argentaria SA 05946KAF8 3000000.00000000 PA USD 2553497.40000000 1.495967148322 Long DBT CORP ES N 2 N/A Fixed 6.12500000 N N N N N N RAYMOND JAMES FINANCIAL RGUZHJ05YTITL6D76949 Raymond James Financial Inc 754730406 21000.00000000 NS USD 523740.00000000 0.306833221863 Long EP CORP US N 1 N N N SCE TRUST V N/A SCE Trust V 78409W201 44140.00000000 NS USD 1035524.40000000 0.606662252205 Long EP CORP US N 1 N N N UNIVERSAL INSURANCE HLDS 529900GGAZ6WVUCWQM46 Universal Insurance Holdings Inc 91359VAC1 500000.00000000 PA USD 446527.60000000 0.261598316261 Long DBT CORP US N 2 2026-11-30 Fixed 5.62500000 N N N N N N LAND O'LAKES INC 4ONCJWH5BBCYSJIJYX61 Land O' Lakes Inc 514666AM8 4350000.00000000 PA USD 3414750.00000000 2.000532218961 Long DBT CORP US N 2 N/A Fixed 7.25000000 N N N N N N TPG RE FINANCE TRUST INC N/A TPG RE Finance Trust Inc 87266M206 28200.00000000 NS USD 391134.00000000 0.229145960591 Long EP CORP US N 1 N N N ENTERPRISE PRODUCTS OPER 5493004LGN656HWLDA30 Enterprise Products Operating LLC 29379VBN2 1000000.00000000 PA USD 918983.80000000 0.538386909906 Long DBT CORP US N 2 2077-08-16 Fixed 5.25000000 N N N N N N M&T BANK CORPORATION 549300WYXDDBYRASEG81 M&T Bank Corp 55261F872 23066.00000000 NS USD 563963.70000000 0.330398287480 Long EP CORP US N 1 N N N CADENCE BANK Q7C315HKI8VX0SSKBS64 Cadence Bank 12740C202 23546.00000000 NS USD 439839.28000000 0.257679962165 Long EP CORP US N 1 N N N EMERA INC NQZVQT2P5IUF2PGA1Q48 Emera Inc 290876AD3 2940000.00000000 PA USD 2854073.21000000 1.672059568600 Long DBT CORP CA N 2 2076-06-15 Fixed 6.75000000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967MK4 450000.00000000 PA USD 409809.74000000 0.240087147965 Long DBT CORP US N 2 N/A Fixed 4.70000000 N N N N N N COBANK ACB P0J8I7M2E0A77CKF1705 CoBank ACB 19075QAC6 609000.00000000 PA USD 579926.34000000 0.339750004478 Long DBT USGSE US N 2 N/A Fixed 6.25000000 N N N N N N AXIS SPECIALTY FINANCE N/A AXIS Specialty Finance LLC 05463HAC5 880000.00000000 PA USD 727211.96000000 0.426037325131 Long DBT CORP US N 2 2040-01-15 Fixed 4.90000000 N N N N N N CARLYLE FINANCE LLC N/A Carlyle Finance LLC 14314C105 15400.00000000 NS USD 276584.00000000 0.162036811845 Long EP CORP US N 1 N N N REGIONS FINANCIAL CORP CW05CS5KW59QTC0DG824 Regions Financial Corp 7591EPAR1 65000.00000000 PA USD 61529.90000000 0.036047308698 Long DBT CORP US N 2 N/A Fixed 5.75000000 N N N N N N ZIONS BANCORP NA 8WH0EE09O9V05QJZ3V89 Zions Bancorp NA 989701BF3 1800000.00000000 PA USD 1717326.54000000 1.006096221904 Long DBT CORP US N 2 N/A Floating 10.11104000 N N N N N N BANCO BILBAO VIZCAYA ARG K8MS7FD7N5Z2WQ51AZ71 Banco Bilbao Vizcaya Argentaria SA 05946KAM3 1800000.00000000 PA USD 1836405.00000000 1.075858370176 Long DBT CORP ES N 2 N/A Fixed 9.37500000 N N N N N N BANCO MERCANTIL DE NORTE 549300QTVYRPFHS0J362 Banco Mercantil del Norte SA/Grand Cayman 05973KAB3 800000.00000000 PA USD 664800.00000000 0.389473261341 Long DBT CORP MX N 2 N/A Fixed 6.62500000 N N N N N N DOMINION ENERGY INC ILUL7B6Z54MRYCF6H308 Dominion Energy Inc 25746UDM8 650000.00000000 PA USD 559935.42000000 0.328038318543 Long DBT CORP US N 2 N/A Fixed 4.35000000 N N N N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 Morgan Stanley 61763E207 89000.00000000 NS USD 2251700.00000000 1.319159059209 Long EP CORP US N 1 N N N FULTON FINANCIAL CORP 5493005QLZ6O1BNC0C11 Fulton Financial Corp 360271308 11400.00000000 NS USD 182172.00000000 0.106725515892 Long EP CORP US N 1 N N N ENERGY TRANSFER LP MTLVN9N7JE8MIBIJ1H73 Energy Transfer LP 29273V407 106314.00000000 NS USD 2731206.66000000 1.600078166768 Long EP CORP US N 1 N N N FIRST CITIZENS BANCSHARE 549300N3Z00ZHE2XC526 First Citizens BancShares Inc/NC 319626305 19620.00000000 NS USD 397305.00000000 0.232761242625 Long EP CORP US N 1 N N N METLIFE CAPITAL TRUST IV 0004254959 MetLife Capital Trust IV 591560AA5 577000.00000000 PA USD 605283.39000000 0.354605439138 Long DBT CORP US N 2 2037-12-15 Fixed 7.87500000 N N N N N N METLIFE INC C4BXATY60WC6XEOZDX54 MetLife Inc 59156RBS6 5335000.00000000 PA USD 5919357.49000000 3.467857200173 Long DBT CORP US N 2 2038-04-08 Fixed 9.25000000 N N N N N N ENSTAR FINANCE LLC N/A Enstar Finance LLC 29360AAB6 720000.00000000 PA USD 592461.29000000 0.347093608355 Long DBT CORP US N 2 2042-01-15 Fixed 5.50000000 N N N N N N MACQUARIE BANK LONDON 549300MPRNPO6FWNKN78 Macquarie Bank Ltd/London 556079AB7 730000.00000000 PA USD 660608.54000000 0.387017693357 Long DBT CORP AU N 2 N/A Fixed 6.12500000 N N N N N N ATHENE HOLDING LTD 549300H316CT32FQXI76 Athene Holding Ltd 000000000 120000.00000000 NS USD 2859600.00000000 1.675297440029 Long EP CORP BM N 1 N N N SBL HOLDINGS INC 635400MJW3QDSBJRKQ59 SBL Holdings Inc 78397DAA6 1300000.00000000 PA USD 830391.37000000 0.486485010625 Long DBT CORP US N 2 N/A Fixed 7.00000000 N N N N N N EDISON INTERNATIONAL 549300I7ROF15MAEVP56 Edison International 281020AS6 560000.00000000 PA USD 519264.14000000 0.304211038061 Long DBT CORP US N 2 N/A Fixed 5.37500000 N N N N N N HUNTINGTON BANCSHARES 549300XTVCVV9I7B5T19 Huntington Bancshares Inc/OH 446150AL8 1400000.00000000 PA USD 1258717.08000000 0.737419744665 Long DBT CORP US N 2 N/A Floating 8.53548000 N N N N N N LAND O'LAKES INC 4ONCJWH5BBCYSJIJYX61 Land O' Lakes Inc 514666AN6 1500000.00000000 PA USD 1117500.00000000 0.654687679826 Long DBT CORP US N 2 N/A Fixed 7.00000000 N N N N N N ARBOR REALTY TRUST INC 549300ASFUWYQO0RW077 Arbor Realty Trust Inc 038923850 67100.00000000 NS USD 1274900.00000000 0.746900512761 Long EP CORP US N 1 N N N NATWEST GROUP PLC 2138005O9XJIJN4JPN90 NatWest Group PLC 639057AD0 425000.00000000 PA USD 299211.77000000 0.175293297072 Long DBT CORP GB N 2 N/A Fixed 4.60000000 N N N N N N STIFEL FINANCIAL CORP 549300E5F07FE5GHJX84 Stifel Financial Corp 860630706 29000.00000000 NS USD 681210.00000000 0.399087064317 Long EP CORP US N 1 N N N AERCAP HOLDINGS NV 549300SZYINBBLJQU475 AerCap Holdings NV 00774YAA7 2530000.00000000 PA USD 2447237.88000000 1.433714979545 Long DBT CORP NL N 2 2079-10-10 Fixed 5.87500000 N N N N N N PROVIDENT FINANCING TR I N/A Provident Financing Trust I 743863AA0 5803000.00000000 PA USD 5853583.13000000 3.429323273426 Long DBT CORP US N 2 2038-03-15 Fixed 7.40500000 N N N N N N ENBRIDGE INC 98TPTUM4IVMFCZBCUR27 Enbridge Inc 29250NBT1 1000000.00000000 PA USD 1005676.00000000 0.589175558924 Long DBT CORP CA N 2 2084-01-15 Fixed 8.50000000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967NB3 450000.00000000 PA USD 372842.28000000 0.218429751440 Long DBT CORP US N 2 N/A Fixed 4.15000000 N N N N N N VALLEY NATIONAL BANCORP 549300ET52S1UBIB9762 Valley National Bancorp 919794305 38203.00000000 NS USD 871792.46000000 0.510739850494 Long EP CORP US N 1 N N N TRUIST FINANCIAL CORP 549300DRQQI75D2JP341 Truist Financial Corp 89832QAE9 870000.00000000 PA USD 825001.60000000 0.483327412400 Long DBT CORP US N 2 N/A Fixed 4.95000000 N N N N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 48126HAA8 750000.00000000 PA USD 755409.00000000 0.442556568707 Long DBT CORP US N 2 N/A Floating 8.93873000 N N N N N N EQUITABLE HOLDINGS INC 549300FIBAKMNHPZ4009 Equitable Holdings Inc 29452EAA9 150000.00000000 PA USD 141754.73000000 0.083047047237 Long DBT CORP US N 2 N/A Fixed 4.95000000 N N N N N N BlackRock Liquidity Funds T-Fund 5493002L9DNZ83RX7V61 BlackRock Liquidity Funds T-Fund 09248U718 14808493.36000000 NS USD 14808493.36000000 8.675559874354 Long STIV RF US N 1 N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 Barclays PLC 06738EBN4 1720000.00000000 PA USD 1597404.59000000 0.935839914784 Long DBT CORP GB N 2 N/A Fixed 6.12500000 N N N N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 Societe Generale SA 83370RAB4 1000000.00000000 PA USD 849140.40000000 0.497469134964 Long DBT CORP FR N 2 N/A Fixed 4.75000000 N N N N N N ALLY FINANCIAL INC 549300JBN1OSM8YNAI90 Ally Financial Inc 02005NBM1 1390000.00000000 PA USD 982671.90000000 0.575698600664 Long DBT CORP US N 2 N/A Fixed 4.70000000 N N N N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 Bank of America Corp 060505FL3 1990000.00000000 PA USD 1823376.29000000 1.068225496869 Long DBT CORP US N 2 N/A Fixed 5.87500000 N N N N N N LINCOLN NATIONAL CORP EFQMQROEDSNBRIP7LE47 Lincoln National Corp 534187885 21200.00000000 NS USD 555440.00000000 0.325404675510 Long EP CORP US N 1 N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 Bank of America Corp 06055HAB9 2300000.00000000 PA USD 2241567.76000000 1.313223083641 Long DBT CORP US N 2 N/A Fixed 6.12500000 N N N N N N ZIONS BANCORP NA 8WH0EE09O9V05QJZ3V89 Zions Bancorp NA 989701818 10900.00000000 NS USD 274898.00000000 0.161049068285 Long EP CORP US N 1 N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38141GA38 565000.00000000 PA USD 574634.38000000 0.336649708269 Long DBT CORP US N 2 N/A Fixed 7.50000000 N N N N N N BBVA BANCOMER SA TEXAS 549300WIWQK5Q9MCUN92 BBVA Bancomer SA/Texas 05533UAG3 670000.00000000 PA USD 602698.63000000 0.353091156787 Long DBT CORP MX N 2 2034-09-13 Fixed 5.87500000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565A5R0 511000.00000000 PA USD 519867.89000000 0.304564745163 Long DBT CORP FR N 2 N/A Fixed 8.50000000 N N N N N N KUVARE US HOLDINGS INC 254900MGBERNLZXF7O58 Kuvare US Holdings Inc 50149XAA2 1000000.00000000 PA USD 1012500.00000000 0.593173401185 Long DBT CORP US N 2 2051-02-17 Fixed 7.00000000 N N N N N N DIME COMMUNITY BANCSHARE 0002487650 Dime Community Bancshares Inc 25432X201 39000.00000000 NS USD 686400.00000000 0.402127627233 Long EP CORP US N 1 N N N FT REAL ESTATE SECS CO 0002671824 FT Real Estate Securities Co Inc 302663208 3.00000000 NS USD 3510000.00000000 2.056334457442 Long EP CORP US N 2 N N N SYNOVUS FINANCIAL CORP 549300EIUS8UN5JTLE54 Synovus Financial Corp 87161C709 91848.00000000 NS USD 2144650.80000000 1.256444256188 Long EP CORP US N 1 N N N CITIZENS FINANCIAL GROUP 2138004JDDA4ZQUPFW65 Citizens Financial Group Inc 174610AQ8 1300000.00000000 PA USD 1118633.23000000 0.655351582931 Long DBT CORP US N 2 N/A Fixed 6.37500000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 Barclays PLC 06738ECN3 785000.00000000 PA USD 788532.50000000 0.461961980217 Long DBT CORP GB N 2 N/A Fixed 9.62500000 N N N N N N KEYCORP RKPI3RZGV1V1FJTH5T61 KeyCorp 493267702 78103.00000000 NS USD 1688586.86000000 0.989259072536 Long EP CORP US N 1 N N N NORTHPOINTE BANCSHARES I 549300EYMKMD4WKEKP72 Northpointe Bancshares Inc 66661N308 67000.00000000 NS USD 1623075.00000000 0.950878931485 Long EP CORP US Y 2 N N N SBL HOLDINGS INC 635400MJW3QDSBJRKQ59 SBL Holdings Inc 78397DAC2 1500000.00000000 PA USD 904027.53000000 0.529624775047 Long DBT CORP US N 2 N/A Fixed 6.50000000 N N N N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625HJQ4 1681000.00000000 PA USD 1681886.42000000 0.985333617934 Long DBT CORP US N 2 N/A Fixed 6.75000000 N N N N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38148BAE8 830000.00000000 PA USD 821520.55000000 0.481288038308 Long DBT CORP US N 2 N/A Fixed 5.50000000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 94988U128 41000.00000000 NS USD 792940.00000000 0.464544115294 Long EP CORP US N 1 N N N REINSURANCE GRP OF AMER LORM1GNEU1DKEW527V90 Reinsurance Group of America Inc 759351885 34725.00000000 NS USD 908753.25000000 0.532393339398 Long EP CORP US N 1 N N N ENSTAR FINANCE LLC N/A Enstar Finance LLC 29360AAA8 575000.00000000 PA USD 535709.81000000 0.313845738317 Long DBT CORP US N 2 2040-09-01 Fixed 5.75000000 N N N N N N COMED FINANCING III N/A ComEd Financing III 20035AAA2 2794000.00000000 PA USD 2789013.10000000 1.633944085410 Long DBT CORP US N 2 2033-03-15 Fixed 6.35000000 N N N N N N WEBSTER FINANCIAL CORP KMRURHT0VWKYS6Z5KU67 Webster Financial Corp 947890703 13416.00000000 NS USD 297164.40000000 0.174093844799 Long EP CORP US N 1 N N N WINTRUST FINANCIAL CORP Q774KI4AW80FHFW33O61 Wintrust Financial Corp 97650W504 48000.00000000 NS USD 1179360.00000000 0.690928377700 Long EP CORP US N 1 N N N NUSTAR LOGISTICS LP N62BF2PKP51FIIOIUN20 NuStar Logistics LP 67059T204 45500.00000000 NS USD 1221675.00000000 0.715718631993 Long EP CORP US N 1 N N N WESBANCO INC 0001070448 WesBanco Inc 950810705 49000.00000000 NS USD 1158850.00000000 0.678912588606 Long EP CORP US N 1 N N N GENERAL MOTORS FINL CO 5493008B6JBRUJ90QL97 General Motors Financial Co Inc 37045XCA2 610000.00000000 PA USD 512400.00000000 0.300189679770 Long DBT CORP US N 2 N/A Fixed 5.75000000 N N N N N N UBS GROUP AG 549300SZJ9VS8SGXAN81 UBS Group AG 902613BE7 210000.00000000 PA USD 223109.46000000 0.130708737999 Long DBT CORP CH N 2 N/A Fixed 9.25000000 N N N N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 Morgan Stanley 61762V200 35823.00000000 NS USD 904172.52000000 0.529709717478 Long EP CORP US N 1 N N N PULTEGROUP INC N/A PulteGroup Inc 745867AM3 2160000.00000000 PA USD 2443420.34000000 1.431478472694 Long DBT CORP US N 2 2032-06-15 Fixed 7.87500000 N N N N N N NISOURCE INC 549300D8GOWWH0SJB189 NiSource Inc 65473P881 40000.00000000 NS USD 1005200.00000000 0.588896694194 Long EP CORP US N 1 N N N BANCO MERCANTIL DE NORTE 549300QTVYRPFHS0J362 Banco Mercantil del Norte SA/Grand Cayman 05971PAB4 1077000.00000000 PA USD 983882.58000000 0.576407877872 Long DBT CORP MX N 2 N/A Fixed 7.50000000 N N N N N N LEHMAN BROS HLDG-ESCROW N/A LEHMAN BROS HLDG-ESCROW 000000000 20000.00000000 NS USD 0.00000000 0.000000 Long EP CORP US N 2 N N N ING GROEP NV 549300NYKK9MWM7GGW15 ING Groep NV 456837AY9 775000.00000000 PA USD 587015.15000000 0.343902985751 Long DBT CORP NL N 2 N/A Fixed 3.87500000 N N N N N N CAPITAL ONE FINANCIAL CO ZUE8T73ROZOF6FLBAR73 Capital One Financial Corp 14040H824 17820.00000000 NS USD 323254.80000000 0.189378912756 Long EP CORP US N 1 N N N SCE TRUST II N/A SCE Trust II 78407R204 176.00000000 NS USD 3447.84000000 0.002019918004 Long EP CORP US N 1 N N N JACKSON FINANCIAL INC 213800WXW2KG1N4CO374 Jackson Financial Inc 46817M206 15800.00000000 NS USD 395316.00000000 0.231595986432 Long EP CORP US N 1 N N N VODAFONE GROUP PLC 213800TB53ELEUKM7Q61 Vodafone Group PLC 92857WBQ2 900000.00000000 PA USD 911264.63000000 0.533864632056 Long DBT CORP GB N 2 2079-04-04 Fixed 7.00000000 N N N N N N FIFTH THIRD BANCORP THRNG6BD57P9QWTQLG42 Fifth Third Bancorp 316773886 67291.00000000 NS USD 1616329.82000000 0.946927265942 Long EP CORP US N 1 N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 Barclays PLC 06738EBX2 485000.00000000 PA USD 453772.50000000 0.265842742903 Long DBT CORP GB N 2 N/A Fixed 8.00000000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967358 151138.00000000 NS USD 3899360.40000000 2.284441353991 Long EP CORP US N 1 N N N REGIONS FINANCIAL CORP CW05CS5KW59QTC0DG824 Regions Financial Corp 7591EP704 125350.00000000 NS USD 2489451.00000000 1.458445547411 Long EP CORP US N 1 N N N LIBERTY MUTUAL GROUP INC QUR0DG15Z6FFGYCHH861 Liberty Mutual Group Inc 53079EAN4 6351000.00000000 PA USD 6187113.72000000 3.624722260556 Long DBT CORP US N 2 2037-03-15 Fixed 7.80000000 N N N N N N ALGONQUIN PWR & UTILITY 549300K5VIUTJXQL7X75 Algonquin Power & Utilities Corp 015857808 94110.00000000 NS USD 2352750.00000000 1.378359229273 Long EP CORP CA N 1 N N N NY COMMUNITY BANCORP INC 529900HVXOTLY61GL030 New York Community Bancorp Inc 649445202 235200.00000000 NS USD 5449584.00000000 3.192640272914 Long EP CORP US N 1 N N N STIFEL FINANCIAL CORP 549300E5F07FE5GHJX84 Stifel Financial Corp 860630862 21000.00000000 NS USD 350700.00000000 0.205457690662 Long EP CORP US N 1 N N N QWEST CORP 549300R2L4N683OO1509 Qwest Corp 74913G881 29941.00000000 NS USD 317674.01000000 0.186109405412 Long EP CORP US N 1 N N N TRUIST FINANCIAL CORP 549300DRQQI75D2JP341 Truist Financial Corp 89832QAF6 585000.00000000 PA USD 506025.00000000 0.296454884281 Long DBT CORP US N 2 N/A Fixed 5.10000000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565AM34 970000.00000000 PA USD 956733.70000000 0.560502699118 Long DBT CORP FR N 2 N/A Fixed 7.75000000 N N N N N N ENERGY TRANSFER LP MTLVN9N7JE8MIBIJ1H73 Energy Transfer LP 29273V506 2100.00000000 NS USD 54054.00000000 0.031667550644 Long EP CORP US N 1 N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38144GAB7 300000.00000000 PA USD 283901.19000000 0.166323589602 Long DBT CORP US N 2 N/A Fixed 4.95000000 N N N N N N FIRST HORIZON CORP TF3RXI1ZB1TQ30H9JV10 First Horizon Corp 320517402 21200.00000000 NS USD 445200.00000000 0.260820541439 Long EP CORP US N 1 N N N AUST & NZ BANKING GRP/UK JHE42UYNWWTJB8YTTU19 Australia & New Zealand Banking Group Ltd/United Kingdom 05254HAA2 2550000.00000000 PA USD 2514885.23000000 1.473346197995 Long DBT CORP AU N 2 N/A Fixed 6.75000000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967MU2 300000.00000000 PA USD 269465.10000000 0.157866202338 Long DBT CORP US N 2 N/A Fixed 4.00000000 N N N N N N UBS GROUP AG 549300SZJ9VS8SGXAN81 UBS Group AG 902613AJ7 850000.00000000 PA USD 737309.98000000 0.431953252903 Long DBT CORP CH N 2 N/A Fixed 4.87500000 N N N N N N UBS GROUP AG 549300SZJ9VS8SGXAN81 UBS Group AG 90352JAF0 2500000.00000000 PA USD 2494511.00000000 1.461409949792 Long DBT CORP CH N 2 N/A Fixed 7.00000000 N N N N N N GENERAL MOTORS FINL CO 5493008B6JBRUJ90QL97 General Motors Financial Co Inc 37045XCM6 1000000.00000000 PA USD 873371.17000000 0.511664738178 Long DBT CORP US N 2 N/A Fixed 6.50000000 N N N N N N M&T BANK CORPORATION 549300WYXDDBYRASEG81 M&T Bank Corp 55261FAG9 3500000.00000000 PA USD 3410303.05000000 1.997926972090 Long DBT CORP US N 2 N/A Fixed 6.45000000 N N N N N N TRANSCANADA TRUST 549300Y0MFCAXLBWUV51 Transcanada Trust 89356BAE8 2250000.00000000 PA USD 1883690.33000000 1.103560493655 Long DBT CORP CA N 2 2079-09-15 Fixed 5.50000000 N N N N N N ASSURANT INC H3F39CAXWQRVWURFXL38 Assurant Inc 04621X306 19300.00000000 NS USD 377701.00000000 0.221276233877 Long EP CORP US N 1 N N N APOLLO GLOBAL MANAGEMENT N/A Apollo Global Management Inc 03769M205 47920.00000000 NS USD 1256462.40000000 0.736098839772 Long EP CORP US N 1 N N N PRUDENTIAL FINANCIAL INC 5PRBRS5FEH7NREC8OR45 Prudential Financial Inc 744320BK7 1065000.00000000 PA USD 1008107.06000000 0.590599796088 Long DBT CORP US N 2 2052-09-01 Fixed 6.00000000 N N N N N N SOUTHERN CO 549300FC3G3YU2FBZD92 Southern Co/The 842587DJ3 832000.00000000 PA USD 730574.46000000 0.428007246674 Long DBT CORP US N 2 2051-09-15 Fixed 3.75000000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746804 325.00000000 NS USD 363350.00000000 0.212868696613 Long EP CORP US N 1 N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967JM4 1120000.00000000 PA USD 1083069.90000000 0.634516796350 Long DBT CORP US N 2 N/A Fixed 5.95000000 N N N N N N ENERGY TRANSFER LP MTLVN9N7JE8MIBIJ1H73 Energy Transfer LP 29273VAM2 2071000.00000000 PA USD 1838986.41000000 1.077370689929 Long DBT CORP US N 2 N/A Fixed 7.12500000 N N N N N N ASPEN INSURANCE HLDG LTD 549300YX6HECG9XQCQ75 Aspen Insurance Holdings Ltd 000000000 25000.00000000 NS USD 511000.00000000 0.299369489388 Long EP CORP BM N 1 N N N ATHENE HOLDING LTD 549300H316CT32FQXI76 Athene Holding Ltd 04686J408 28800.00000000 NS USD 494208.00000000 0.289531891607 Long EP CORP BM N 1 N N N METLIFE INC C4BXATY60WC6XEOZDX54 MetLife Inc 59156RAV0 3640000.00000000 PA USD 4730835.20000000 2.771561092377 Long DBT CORP US N 2 2039-08-01 Fixed 10.75000000 N N N N N N VISTRA CORP 549300KP43CPCUJOOG15 Vistra Corp 92840MAC6 185000.00000000 PA USD 175890.60000000 0.103045555988 Long DBT CORP US N 2 N/A Fixed 7.00000000 N N N N N N AMERICAN EXPRESS CO R4PP93JZOLY261QX3811 American Express Co 025816CH0 775000.00000000 PA USD 655285.75000000 0.383899335383 Long DBT CORP US N 2 N/A Fixed 3.55000000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565AAN3 7830000.00000000 PA USD 7792634.46000000 4.565317024032 Long DBT CORP FR N 2 N/A Fixed 7.37500000 N N N N N N ENBRIDGE INC 98TPTUM4IVMFCZBCUR27 Enbridge Inc 29250NAN5 1500000.00000000 PA USD 1363997.85000000 0.799098512488 Long DBT CORP CA N 2 2077-01-15 Fixed 6.00000000 N N N N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 Standard Chartered PLC 853254BX7 450000.00000000 PA USD 344140.11000000 0.201614577316 Long DBT CORP GB N 2 N/A Fixed 4.75000000 N N N N N N CNO FINANCIAL GROUP INC 11XPYHB76MPM4Y4P2897 CNO Financial Group Inc 12621E301 16100.00000000 NS USD 280945.00000000 0.164591704884 Long EP CORP US N 1 N N N GENERAL MOTORS FINL CO 5493008B6JBRUJ90QL97 General Motors Financial Co Inc 37045XDB9 800000.00000000 PA USD 704337.76000000 0.412636468822 Long DBT CORP US N 2 N/A Fixed 5.70000000 N N N N N N CITIZENS FINANCIAL GROUP 2138004JDDA4ZQUPFW65 Citizens Financial Group Inc 174610204 49100.00000000 NS USD 1184292.00000000 0.693817791246 Long EP CORP US N 1 N N N FIFTH THIRD BANCORP THRNG6BD57P9QWTQLG42 Fifth Third Bancorp 316773605 169409.00000000 NS USD 4253859.99000000 2.492125035491 Long EP CORP US N 1 N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 Morgan Stanley 61762V606 213700.00000000 NS USD 5017676.00000000 2.939606853300 Long EP CORP US N 1 N N N PARAMOUNT GLOBAL 5KYC8KF17ROCY24M3H09 Paramount Global 92556HAE7 1860000.00000000 PA USD 1498555.50000000 0.877929148444 Long DBT CORP US N 2 2062-03-30 Fixed 6.37500000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967PC9 1550000.00000000 PA USD 1536670.31000000 0.900258720279 Long DBT CORP US N 2 N/A Fixed 7.37500000 N N N N N N MERCHANTS BANCORP 54930008Y0GPVLF81889 Merchants Bancorp/IN 58844R603 21000.00000000 NS USD 464730.00000000 0.272262197267 Long EP CORP US N 1 N N N LIBERTY MUTUAL INSURANCE CNC20I6IOMGF7KY49D67 Liberty Mutual Insurance Co 53079QAD9 3000000.00000000 PA USD 3044627.70000000 1.783695968545 Long DBT CORP US N 2 2097-10-15 Fixed 7.69700000 N N N N N N DEUTSCHE BANK AG 7LTWFZYICNSX8D621K86 Deutsche Bank AG 251525AX9 400000.00000000 PA USD 352060.00000000 0.206254447033 Long DBT CORP DE N 2 N/A Fixed 6.00000000 N N N N N N BANCO BILBAO VIZCAYA ARG K8MS7FD7N5Z2WQ51AZ71 Banco Bilbao Vizcaya Argentaria SA 05946KAG6 1000000.00000000 PA USD 959294.80000000 0.562003120252 Long DBT CORP ES N 2 N/A Fixed 6.50000000 N N N N N N BANCO SANTANDER SA 5493006QMFDDMYWIAM13 Banco Santander SA 05971KAH2 6200000.00000000 PA USD 4846178.54000000 2.839135019579 Long DBT CORP ES N 2 N/A Fixed 4.75000000 N N N N N N LINCOLN NATIONAL CORP EFQMQROEDSNBRIP7LE47 Lincoln National Corp 534187BR9 530000.00000000 PA USD 554538.47000000 0.324876513914 Long DBT CORP US N 2 N/A Fixed 9.25000000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565ASK0 475000.00000000 PA USD 360340.65000000 0.211105668094 Long DBT CORP FR N 2 N/A Fixed 4.62500000 N N N N N N PNC FINANCIAL SERVICES CFGNEKW0P8842LEUIA51 PNC Financial Services Group Inc/The 693475BP9 1365000.00000000 PA USD 1193696.73000000 0.699327554882 Long DBT CORP US N 2 N/A Fixed 6.25000000 N N N N N N HSBC CAPITAL FUNDING USD 213800HMY2DB765NHE46 HSBC Capital Funding Dollar 1 LP 40427LAB0 1400000.00000000 PA USD 1708100.80000000 1.000691319608 Long DBT CORP JE N 2 N/A Fixed 10.17600000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565AS20 560000.00000000 PA USD 589331.12000000 0.345259797407 Long DBT CORP FR N 2 N/A Fixed 9.25000000 N N N N N N CONNECTONE BANCORP INC 549300E2M5ZYAZKUK134 ConnectOne Bancorp Inc 20786W503 47900.00000000 NS USD 878486.00000000 0.514661262729 Long EP CORP US N 1 N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625HJW1 1000000.00000000 PA USD 998070.60000000 0.584719933259 Long DBT CORP US N 2 N/A Fixed 6.12500000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 95002Y400 53000.00000000 NS USD 921670.00000000 0.539960620909 Long EP CORP US N 1 N N N ENSTAR GROUP LTD 213800AMAL5QFXVUCN04 Enstar Group Ltd 29359U109 61000.00000000 NS USD 1508530.00000000 0.883772711990 Long EP CORP BM N 1 N N N AMERICAN INTL GROUP ODVCVCQG2BP6VHV36M30 American International Group Inc 026874BS5 2150000.00000000 PA USD 2363112.30000000 1.384429985554 Long DBT CORP US N 2 2058-05-15 Fixed 8.17500000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 Barclays PLC 06738EBT1 475000.00000000 PA USD 351208.92000000 0.205755841583 Long DBT CORP GB N 2 N/A Fixed 4.37500000 N N N N N N PNC FINANCIAL SERVICES CFGNEKW0P8842LEUIA51 PNC Financial Services Group Inc/The 693475BC8 400000.00000000 PA USD 307572.16000000 0.180191233834 Long DBT CORP US N 2 N/A Fixed 3.40000000 N N N N N N WAFD INC 0003065617 WaFd Inc 938824307 25000.00000000 NS USD 356500.00000000 0.208855622244 Long EP CORP US N 1 N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746465 106200.00000000 NS USD 2652876.00000000 1.554188128240 Long EP CORP US N 1 N N N LIBERTY MUTUAL GROUP INC QUR0DG15Z6FFGYCHH861 Liberty Mutual Group Inc 53079EBM5 940000.00000000 PA USD 767225.09000000 0.449479028256 Long DBT CORP US N 2 2051-12-15 Fixed 4.12500000 N N N N N N AMERICAN EQUITY INVESTME 549300RK5RZQ740FPL83 American Equity Investment Life Holding Co 025676503 67000.00000000 NS USD 1512190.00000000 0.885916923988 Long EP CORP US N 1 N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 48128BAN1 850000.00000000 PA USD 767336.23000000 0.449544139656 Long DBT CORP US N 2 N/A Fixed 3.65000000 N N N N N N ANNALY CAPITAL MGMT 2DTL0G3FPRYUT58TI025 Annaly Capital Management Inc 035710870 4540.00000000 NS USD 113454.60000000 0.066467408357 Long EP CORP US N 1 N N N SEMPRA PBBKGKLRK5S5C0Y4T545 Sempra 816851BM0 1000000.00000000 PA USD 815408.20000000 0.477707116393 Long DBT CORP US N 2 2052-04-01 Fixed 4.12500000 N N N N N N BRITISH TELECOMMUNICATIO 549300OWFMSO9NYV4H90 British Telecommunications PLC 11102AAG6 500000.00000000 PA USD 414674.30000000 0.242937051768 Long DBT CORP GB N 2 2081-11-23 Fixed 4.87500000 N N N N N N HUNTINGTON BANCSHARES 549300XTVCVV9I7B5T19 Huntington Bancshares Inc/OH 446150773 43600.00000000 NS USD 1045528.00000000 0.612522863994 Long EP CORP US N 1 N N N LLOYDS BANKING GROUP PLC 549300PPXHEU2JF0AM85 Lloyds Banking Group PLC 53944YAV5 1800000.00000000 PA USD 1709240.94000000 1.001359270938 Long DBT CORP GB N 2 N/A Fixed 8.00000000 N N N N N N PRUDENTIAL FINANCIAL INC 5PRBRS5FEH7NREC8OR45 Prudential Financial Inc 744320BL5 400000.00000000 PA USD 398776.84000000 0.233623520490 Long DBT CORP US N 2 2053-03-01 Fixed 6.75000000 N N N N N N PNC FINANCIAL SERVICES CFGNEKW0P8842LEUIA51 PNC Financial Services Group Inc/The 693475BD6 1450000.00000000 PA USD 1302705.81000000 0.763190554135 Long DBT CORP US N 2 N/A Fixed 6.00000000 N N N N N N FIRST HORIZON BANK COOWI3L2W9TPYR3WJX37 First Horizon Bank 337158208 875.00000000 NS USD 542500.00000000 0.317823772980 Long EP CORP US N 2 N N N HUNTINGTON BANCSHARES 549300XTVCVV9I7B5T19 Huntington Bancshares Inc/OH 446150AV6 405000.00000000 PA USD 345151.65000000 0.202207188301 Long DBT CORP US N 2 N/A Fixed 4.45000000 N N N N N N COMERICA INC I9Q57JVPWHHZ3ZGBW498 Comerica Inc 200340AU1 1150000.00000000 PA USD 1049971.85000000 0.615126294729 Long DBT CORP US N 2 N/A Fixed 5.62500000 N N N N N N SYNCHRONY FINANCIAL 549300RS7EWPM9MA6C78 Synchrony Financial 87165B202 55500.00000000 NS USD 924075.00000000 0.541369590815 Long EP CORP US N 1 N N N KEYCORP RKPI3RZGV1V1FJTH5T61 KeyCorp 493267843 36400.00000000 NS USD 738556.00000000 0.432683234060 Long EP CORP US N 1 N N N WESTERN ALLIANCE BANCORP 5493003VJXZ5JXT9S762 Western Alliance Bancorp 957638406 25300.00000000 NS USD 414667.00000000 0.242932775061 Long EP CORP US N 1 N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 HSBC Holdings PLC 404280BL2 500000.00000000 PA USD 455822.55000000 0.267043765254 Long DBT CORP GB N 2 N/A Fixed 6.00000000 N N N N N N SEMPRA PBBKGKLRK5S5C0Y4T545 Sempra 816851BK4 1400000.00000000 PA USD 1344940.94000000 0.787934016566 Long DBT CORP US N 2 N/A Fixed 4.87500000 N N N N N N BANCO SANTANDER SA 5493006QMFDDMYWIAM13 Banco Santander SA 05971KAQ2 1000000.00000000 PA USD 1046250.00000000 0.612945847891 Long DBT CORP ES N 2 N/A Fixed 9.62500000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746RN3 1250000.00000000 PA USD 1234432.74000000 0.723192757452 Long DBT CORP US N 2 N/A Fixed 5.87500000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746TD3 925000.00000000 PA USD 835087.41000000 0.489236186940 Long DBT CORP US N 2 N/A Fixed 3.90000000 N N N N N N ALGONQUIN PWR & UTILITY 549300K5VIUTJXQL7X75 Algonquin Power & Utilities Corp 015857AH8 800000.00000000 PA USD 658624.00000000 0.385855050056 Long DBT CORP CA N 2 2082-01-18 Fixed 4.75000000 N N N N N N ARBOR REALTY TRUST INC 549300ASFUWYQO0RW077 Arbor Realty Trust Inc 038923876 9792.00000000 NS USD 162155.52000000 0.094998855624 Long EP CORP US N 1 N N N ACE CAPITAL TRUST II N/A ACE Capital Trust II 00440FAA2 1440000.00000000 PA USD 1651099.68000000 0.967297197907 Long DBT CORP US N 2 2030-04-01 Fixed 9.70000000 N N N N N N ALLY FINANCIAL INC 549300JBN1OSM8YNAI90 ALLY FINANCIAL INC 02005NBN9 925000.00000000 PA USD 598545.21000000 0.350657874547 Long DBT CORP US N 2 N/A Fixed 4.70000000 N N N N N N HUNTINGTON BANCSHARES 549300XTVCVV9I7B5T19 Huntington Bancshares Inc/OH 446150AT1 1175000.00000000 PA USD 1031715.21000000 0.604430637205 Long DBT CORP US N 2 N/A Fixed 5.62500000 N N N N N N GLOBAL ATLANTIC N/A Global Atlantic Fin Co 37959GAC1 1590000.00000000 PA USD 1321769.23000000 0.774358863942 Long DBT CORP US N 2 2051-10-15 Fixed 4.70000000 N N N N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38148B108 7937.00000000 NS USD 200409.25000000 0.117409813779 Long EP CORP US N 1 N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 Standard Chartered PLC 853254CM0 2420000.00000000 PA USD 2404119.72000000 1.408454193747 Long DBT CORP GB N 2 N/A Fixed 7.75000000 N N N N N N BANCO MERCANTIL DE NORTE 549300QTVYRPFHS0J362 Banco Mercantil del Norte SA/Grand Cayman 05962GAJ8 710000.00000000 PA USD 663479.29000000 0.388699523027 Long DBT CORP MX N 2 N/A Fixed 7.62500000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 95002YAA1 2400000.00000000 PA USD 2466021.60000000 1.444719427030 Long DBT CORP US N 2 N/A Fixed 7.62500000 N N N N N N DISCOVER FINANCIAL SVS Z1YLO2USPORE63VVUL20 Discover Financial Services 254709AQ1 880000.00000000 PA USD 818802.51000000 0.479695673832 Long DBT CORP US N 2 N/A Fixed 6.12500000 N N N N N N LLOYDS BANKING GROUP PLC 549300PPXHEU2JF0AM85 Lloyds Banking Group PLC 539439AU3 2750000.00000000 PA USD 2656927.35000000 1.556561612742 Long DBT CORP GB N 2 N/A Fixed 7.50000000 N N N N N N KKR REAL ESTATE FIN 549300K23AYZDZ2REL62 KKR Real Estate Finance Trust Inc 48251K209 95536.00000000 NS USD 1724424.80000000 1.010254739461 Long EP CORP US N 1 N N N AMER AGCREDIT ACA 0002558989 American AgCredit Corp 02369GAA3 675000.00000000 PA USD 627750.00000000 0.367767508734 Long DBT CORP US N 2 N/A Fixed 5.25000000 N N N N N N M&T BANK CORPORATION 549300WYXDDBYRASEG81 M&T Bank Corp 55261FAN4 725000.00000000 PA USD 518819.93000000 0.303950797512 Long DBT CORP US N 2 N/A Fixed 3.50000000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 Barclays PLC 06738EBG9 2285000.00000000 PA USD 2253488.71000000 1.320206975450 Long DBT CORP GB N 2 N/A Fixed 8.00000000 N N N N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 Societe Generale SA 83367TBU2 6000000.00000000 PA USD 5066202.00000000 2.968035823637 Long DBT CORP FR N 2 N/A Fixed 6.75000000 N N N N N N PNC FINANCIAL SERVICES CFGNEKW0P8842LEUIA51 PNC Financial Services Group Inc/The 693475BF1 760000.00000000 PA USD 719668.87000000 0.421618203797 Long DBT CORP US N 2 N/A Fixed 6.20000000 N N N N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 Societe Generale SA 83370RAA6 1000000.00000000 PA USD 763661.20000000 0.447391122328 Long DBT CORP FR N 2 N/A Fixed 5.37500000 N N N N N N QWEST CORP 549300R2L4N683OO1509 Qwest Corp 74913G873 41820.00000000 NS USD 463365.60000000 0.271462863154 Long EP CORP US N 1 N N N CAPITAL ONE FINANCIAL CO ZUE8T73ROZOF6FLBAR73 Capital One Financial Corp 14040HCF0 1180000.00000000 PA USD 895127.70000000 0.524410807214 Long DBT CORP US N 2 N/A Fixed 3.95000000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967MV0 600000.00000000 PA USD 523607.64000000 0.306755678721 Long DBT CORP US N 2 N/A Fixed 3.87500000 N N N N N N SOUTHERN CAL EDISON 9R1Z5I36FERIBVKW4P77 Southern California Edison Co 842400FU2 840000.00000000 PA USD 843360.00000000 0.494082686048 Long DBT CORP US N 2 N/A Floating 9.83773000 N N N N N N COMPEER FINANCIAL ACA 54930020HTACTODKHT04 Compeer Financial ACA 20453QAA0 285000.00000000 PA USD 263625.00000000 0.154444778160 Long DBT CORP US N 2 N/A Fixed 4.87500000 N N N N N N COBANK ACB P0J8I7M2E0A77CKF1705 CoBank ACB 19075Q862 17500.00000000 NS USD 1690937.50000000 0.990636195621 Long EP USGA US N 2 N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 Morgan Stanley 61745VAB9 540000.00000000 PA USD 549244.26000000 0.321774899541 Long DBT CORP US N 2 N/A Floating 8.83104000 N N N N N N TRANSCANADA TRUST 549300Y0MFCAXLBWUV51 Transcanada Trust 89356BAB4 300000.00000000 PA USD 281420.43000000 0.164870235680 Long DBT CORP CA N 2 2076-08-15 Fixed 5.87500000 N N N N N N NEW YORK MORTGAGE TRUST 549300JFGR0M7ULHWG48 New York Mortgage Trust Inc 649604865 30000.00000000 NS USD 561900.00000000 0.329189268272 Long EP CORP US N 1 N N N CREDIT AGRICOLE SA 969500TJ5KRTCJQWXH05 Credit Agricole SA 225313AP0 480000.00000000 PA USD 385433.81000000 0.225806502725 Long DBT CORP FR N 2 N/A Fixed 4.75000000 N N N N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 Societe Generale SA 83370RAC2 4240000.00000000 PA USD 4253936.88000000 2.492170081518 Long DBT CORP FR N 2 N/A Fixed 9.37500000 N N N N N N EVEREST REINSURANCE HLDG 254900P29PM5UJR3VU91 Everest Reinsurance Holdings Inc 299808AE5 1519000.00000000 PA USD 1287350.07000000 0.754194389667 Long DBT CORP US N 2 2037-05-15 Floating 8.02633000 N N N N N N TEXAS CAPITAL BANCSHARES 549300466Q2SXRX0YM48 Texas Capital Bancshares Inc 88224Q305 35900.00000000 NS USD 655175.00000000 0.383834452465 Long EP CORP US N 1 N N N EDISON INTERNATIONAL 549300I7ROF15MAEVP56 Edison International 281020AT4 1733000.00000000 PA USD 1589268.79000000 0.931073554135 Long DBT CORP US N 2 N/A Fixed 5.00000000 N N N N N N VOYA FINANCIAL INC 549300T065Z4KJ686G75 Voya Financial Inc 929089209 33000.00000000 NS USD 785070.00000000 0.459933473648 Long EP CORP US N 1 N N N ENERGY TRANSFER LP MTLVN9N7JE8MIBIJ1H73 Energy Transfer LP 29273V605 187800.00000000 NS USD 4717536.00000000 2.763769752429 Long EP CORP US N 1 N N N SCE TRUST VII N/A SCE Trust VII 783892201 43600.00000000 NS USD 1093052.00000000 0.640364812358 Long EP CORP US N 2 N N N 2024-01-25 Flaherty & Crumrine Total Return Fund Inc Bradford Stone Bradford Stone Chief Financial Officer, Treasurer and Vice President