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
1347 PPTY INS HLDGS INC Common 68244P107 745 111,228 SH   DFND   111,228 0 0
ALCENTRA CAP CORP Common 01374T102 5,635 942,351 SH   DFND   942,351 0 0
ANCHOR BANCORP WA Common 032838104 6,692 236,466 SH   DFND   236,466 0 0
BANCORP 34 INC Common 05970V106 2,447 149,181 SH   DFND   149,181 0 0
BRIGHTHOUSE FINL INC Common 10922N103 0 5 SH   DFND   5 0 0
BROADWAY FINL CORP DEL Common 111444105 25 18,029 SH   DFND   18,029 0 0
CBM BANCORP INC Common 1248XT104 120 9,407 SH   DFND   9,407 0 0
COLUMBIA FINL INC Common 197641103 919 55,000 SH   DFND   55,000 0 0
EQUITABLE FINL CORP NEW Common 29448T105 5 436 SH   DFND   436 0 0
ESSA BANCORP INC Common 29667D104 407 25,000 SH   DFND   25,000 0 0
FFBW INC Common 30258M107 68 6,000 SH   DFND   6,000 0 0
FIRST NORTHWEST BANCORP Common 335834107 308 20,000 SH   DFND   20,000 0 0
FIRST SAVINGS FINL GROUP INC Common 33621E109 1,366 20,000 SH   DFND   20,000 0 0
FS BANCORP INC Common 30263Y104 4,853 87,100 SH   DFND   87,100 0 0
HAMILTON BANCORP INC MD Common 407015106 4,533 316,862 SH   DFND   316,862 0 0
HOME FED BANCORP INC LA NEW Common 43708L108 2,387 70,000 SH   DFND   70,000 0 0
HOPFED BANCORP INC Common 439734104 10,975 627,128 SH   DFND   627,128 0 0
ICC HLDGS INC Common 44931Q104 375 25,000 SH   DFND   25,000 0 0
IF BANCORP INC Common 44951J105 8,162 354,093 SH   DFND   354,093 0 0
KINGSWAY FINL SVCS INC Common 496904202 12,093 4,318,902 SH   DFND   4,318,902 0 0
LAKE SHORE BANCORP INC Common 510700107 4,725 286,364 SH   DFND   286,364 0 0
MELROSE BANCORP INC Common 585553100 593 30,000 SH   DFND   30,000 0 0
METLIFE INC Common 59156R108 3 60 SH   DFND   60 0 0
MID SOUTHERN BANCORP INC Common 59548Q107 1,630 125,865 SH   DFND   125,865 0 0
MVC CAPITAL INC Common 553829102 2,319 240,321 SH   DFND   240,321 0 0
NI HLDGS INC Common 65342T106 2,486 147,364 SH   DFND   147,364 0 0
NICHOLAS FINANCIAL INC Common 65373J209 12 1,000 SH   DFND   1,000 0 0
OCONEE FED FINL CORP Common 675607105 2,055 77,500 SH   DFND   77,500 0 0
OFG BANCORP Common 67103X102 26,080 1,614,868 SH   DFND   1,614,868 0 0
OTTAWA BANCORP INC Common 689195105 709 51,208 SH   DFND   51,208 0 0
POAGE BANKSHARES INC Common 730206109 502 19,797 SH   DFND   19,797 0 0
POPULAR INC Common 733174700 1,025 20,000 SH   DFND   20,000 0 0
PRINCIPAL FINL GROUP INC Common 74251V102 32 547 SH   DFND   547 0 0
SOUND FINL BANCORP INC Common 83607A100 8,487 214,600 SH   DFND   214,600 0 0
WCF BANCORP INC Common 92940L103 318 33,957 SH   DFND   33,957 0 0
WELLESLEY BANCORP INC Common 949485106 1,808 52,775 SH   DFND   52,775 0 0
WHEELER REAL ESTATE INVT TR Common 963025705 3,775 882,099 SH   DFND   882,099 0 0
WHEELER REAL ESTATE INVT TR PFD CNV SER D 963025606 532 25,400 SH   DFND   25,400 0 0