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

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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
1895 BANCORP OF WIS INC COM 28253R105   500,000 50,000 SH   DFND   50,000 0 0
BV FINL INC COM NEW 05603E208   1,722,000 100,000 SH   DFND   100,000 0 0
CATALYST BANCORP INC COMMON STOCK 14888L101   470,694 39,991 SH   DFND   39,991 0 0
CENTRAL PLAINS BANCSHARES IN COM 15486W100   4,597,223 307,301 SH   DFND   307,301 0 0
CFSB BANCORP INC COM 12530C107   67,599 10,000 SH   DFND   10,000 0 0
ECB BANCORP INC COM 26828M106   296,800 20,000 SH   DFND   20,000 0 0
ESSA BANCORP INC COM 29667D104   487,500 25,000 SH   DFND   25,000 0 0
FB BANCORP INC COM 31425A109   238,400 20,000 SH   DFND   20,000 0 0
FIFTH DIST BANCORP INC COM 316926104   1,009,600 80,000 SH   DFND   80,000 0 0
FIRST SVGS FINL GROUP INC COM 33621E109   1,394,400 52,500 SH   DFND   52,500 0 0
FS BANCORP INC COM 30263Y104   3,202,680 78,000 SH   DFND   78,000 0 0
GENERATIONS BANCORP NY INC COM 37149G108   1,208,000 80,000 SH   DFND   80,000 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100   329,856 27,883 SH   DFND   27,883 0 0
HOME FED BANCORP INC LA NEW COM 43708L108   1,004,000 80,000 SH   DFND   80,000 0 0
ICC HLDGS INC COM 44931Q104   2,328 100 SH   DFND   100 0 0
IF BANCORP INC COM 44951J105   6,783,795 291,150 SH   DFND   291,150 0 0
KINGSWAY FINL SVCS INC COM NEW 496904202   56,083,411 6,700,527 SH   DFND   6,700,527 0 0
LAKE SHORE BANCORP INC COM 510700107   1,675,139 121,893 SH   DFND   121,893 0 0
MAGYAR BANCORP INC COM 55977T208   584,000 40,000 SH   DFND   40,000 0 0
METLIFE INC COM 59156R108   4,913 60 SH   DFND   60 0 0
NB BANCORP INC COM 63945M107   1,444,800 80,000 SH   DFND   80,000 0 0
NORTHEAST CMNTY BANCORP INC COM 664121100   2,690,600 110,000 SH   DFND   110,000 0 0
PB BANKSHARES INC COM 69318V103   419,146 27,431 SH   DFND   27,431 0 0
PONCE FINANCIAL GROUP INC COMMON STOCK 732344106   390,000 30,000 SH   DFND   30,000 0 0
PRINCIPAL FINANCIAL GROUP IN COM 74251V102   42,343 547 SH   DFND   547 0 0
PROVIDENT BANCORP INC COM NEW 74383L105   19,453,724 1,706,467 SH   DFND   1,706,467 0 0
RICHMOND MUT BANCORPORATION COM 76525P100   424,500 30,000 SH   DFND   30,000 0 0
SOUND FINL BANCORP INC COM 83607A100   21,587,500 410,019 SH   DFND   410,019 0 0
SR BANCORP INC COM 85227J106   476,400 40,000 SH   DFND   40,000 0 0
WHEELER REAL ESTATE INVT TR COM 963025838   158,703 47,093 SH   DFND   47,093 0 0
WHEELER REAL ESTATE INVT TR 7% SR NT 31 963025804   67,247,034 1,011,690 SH   DFND   1,011,690 0 0
WHEELER REAL ESTATE INVT TR CV PFD SER B 963025309   2,495,459 817,085 SH   DFND   817,085 0 0