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
ALCENTRA CAP CORP Common 01374T102 7,127 1,101,491 SH   DFND   1,101,491 0 0
BANCORP 34 INC Common 05970V106 2,206 149,181 SH   DFND   149,181 0 0
BRIGHTHOUSE FINL INC Common 10922N103 0 5 SH   DFND   5 0 0
CBM BANCORP INC Common 1248XT104 376 30,000 SH   DFND   30,000 0 0
COLUMBIA FINL INC Common 197641103 841 55,000 SH   DFND   55,000 0 0
ESSA BANCORP INC Common 29667D104 390 25,000 SH   DFND   25,000 0 0
FFBW INC Common 30258M107 60 6,000 SH   DFND   6,000 0 0
FIRST NORTHWEST BANCORP Common 335834107 297 20,000 SH   DFND   20,000 0 0
FIRST SAVINGS FINL GROUP INC Common 33621E109 1,039 20,000 SH   DFND   20,000 0 0
FS BANCORP INC Common 30263Y104 6,782 158,170 SH   DFND   158,170 0 0
GARRISON CAPITAL INC Common 366554103 726 112,985 SH   DFND   112,985 0 0
GREAT ELM CAP CORP Common 390320109 141 17,920 SH   DFND   17,920 0 0
HAMILTON BANCORP INC MD Common 407015106 4,611 331,721 SH   DFND   331,721 0 0
HOME FED BANCORP INC LA NEW Common 43708L108 2,062 70,000 SH   DFND   70,000 0 0
HOPE BANCORP INC Common 43940T109 3,986 336,126 SH   DFND   336,126 0 0
HOPFED BANCORP INC Common 439734104 8,335 627,128 SH   DFND   627,128 0 0
ICC HLDGS INC Common 44931Q104 341 25,000 SH   DFND   25,000 0 0
IF BANCORP INC Common 44951J105 4,701 233,644 SH   DFND   233,644 0 0
INVESTORS BANCORP INC Common 46146L101 3,344 321,500 SH   DFND   321,500 0 0
KINGSWAY FINL SVCS INC Common 496904202 14,070 4,902,516 SH   DFND   4,902,516 0 0
LAKE SHORE BANCORP INC Common 510700107 4,313 286,364 SH   DFND   286,364 0 0
MELROSE BANCORP INC Common 585553100 539 30,000 SH   DFND   30,000 0 0
MERCANTIL BANK HOLDING CORP Common 58734F305 10,018 770,000 SH   DFND   770,000 0 0
METLIFE INC Common 59156R108 2 60 SH   DFND   60 0 0
MID SOUTHERN BANCORP INC Common 59548Q107 1,456 125,865 SH   DFND   125,865 0 0
MVC CAPITAL INC Common 553829102 2,745 334,320 SH   DFND   334,320 0 0
NI HLDGS INC Common 65342T106 2,318 147,364 SH   DFND   147,364 0 0
NICHOLAS FINANCIAL INC Common 65373J209 10 1,000 SH   DFND   1,000 0 0
OCONEE FED FINL CORP Common 675607105 1,930 77,500 SH   DFND   77,500 0 0
OFG BANCORP Common 67103X102 34,367 2,087,898 SH   DFND   2,087,898 0 0
OTTAWA BANCORP INC Common 689195105 683 51,208 SH   DFND   51,208 0 0
POPULAR INC Common 733174700 944 20,000 SH   DFND   20,000 0 0
PRINCIPAL FINL GROUP INC Common 74251V102 24 547 SH   DFND   547 0 0
SOUND FINL BANCORP INC Common 83607A100 6,985 214,600 SH   DFND   214,600 0 0
STANDARD AVB FINL CORP Common 85303B100 2,540 85,000 SH   DFND   85,000 0 0
WCF BANCORP INC Common 92940L103 280 33,957 SH   DFND   33,957 0 0
WELLESLEY BANCORP INC Common 949485106 1,464 52,775 SH   DFND   52,775 0 0
WHEELER REAL ESTATE INVT TR Common 963025705 786 882,099 SH   DFND   882,099 0 0
WHEELER REAL ESTATE INVT TR PFD CNV SER D 963025606 290 30,067 SH   DFND   30,067 0 0