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
1 2/15/25 CONVERTIBLE BOND 44933TAB2 1,167 1,250,000 PRN   SOLE   1,250,000 0 0
1 800 FLOWERS COM INC CL A COM 68243Q106 1,446 152,000 SH   SOLE   152,000 0 0
A10 NETWORKS INC COM COM 002121101 1,093 76,000 SH   SOLE   76,000 0 0
ACCURAY INC COM COM 004397105 108 55,000 SH   SOLE   55,000 0 0
ACME UTD CORP COM COM 004816104 1,742 55,000 SH   SOLE   55,000 0 0
AEROJET ROCKETDYNE HOLDINGS COM 007800105 20,970 516,500 SH   SOLE   516,500 0 0
AKAM 0.375 09/01/27 CVT CONVERTIBLE BOND 00971TAL5 299 300,000 PRN   SOLE   300,000 0 0
ALITHYA GROUP INC CL A SUB VTG COM 01643B106 1,742 722,821 SH   SOLE   722,821 0 0
ALLEGIANCE BANCSHARES INC COM COM 01748H107 1,775 47,000 SH   SOLE   47,000 0 0
ALLIED MOTION TECHNOLOGIES ICO COM 019330109 3,128 136,960 SH   SOLE   136,960 0 0
AMERICAN OUTDOOR BRANDS INC CO COM 02875D109 913 96,000 SH   SOLE   96,000 0 0
AMERICAN SOFTWARE INC CL A COM 029683109 2,327 144,000 SH   SOLE   144,000 0 0
AMPCO PITTSBURGH CORP COM 032037103 519 134,016 SH   SOLE   134,016 0 0
AMPCO-PITTSBURG CORP WT A EXP WARRANT AND RIGH 032037111 20 47,000 SH   SOLE   47,000 0 0
ANIKA THERAPEUTICS INC COM COM 035255108 491 22,000 SH   SOLE   22,000 0 0
ANTERIX INC COM COM 03676C100 2,156 52,500 SH   SOLE   52,500 0 0
APTV 5 1/2 6/15/23 CONVERTIBLE PREF G6095L117 938 8,875 SH   SOLE   8,875 0 0
ARC DOCUMENT SOLUTIONS INC COM COM 00191G103 132 50,000 SH   SOLE   50,000 0 0
ARLO TECHNOLOGIES INC COM COM 04206A101 922 147,000 SH   SOLE   147,000 0 0
ARMSTRONG FLOORING INC COM COM 04238R106 6 20,000 SH   SOLE   20,000 0 0
ARTESIAN RES CORP COM CL A COM 043113208 1,717 34,926 SH   SOLE   34,926 0 0
ASTEC INDS INC COM COM 046224101 8,931 219,000 SH   SOLE   219,000 0 0
ASTRONICS CORP COM COM 046433108 2,065 203,000 SH   SOLE   203,000 0 0
ATLANTIC AMERN CORP COM COM 048209100 59 22,000 SH   SOLE   22,000 0 0
ATLANTIC UN BANKSHARES CORP CO COM 04911A107 1,416 41,744 SH   SOLE   41,744 0 0
ATLAS AIR WORLDWIDE 1.875 06/ CONVERTIBLE BOND 049164BJ4 585 500,000 PRN   SOLE   500,000 0 0
AVGO 8 9/30/22 CONVERTIBLE PREF 11135F200 1,529 1,005 SH   SOLE   1,005 0 0
AVID TECHNOLOGY INC COM 05367P100 1,168 45,000 SH   SOLE   45,000 0 0
AZZ INC COM COM 002474104 694 17,000 SH   SOLE   17,000 0 0
BADGER METER INC COM COM 056525108 1,917 23,700 SH   SOLE   23,700 0 0
BALLYS CORPORATION COM COM 05875B106 850 42,964 SH   SOLE   42,964 0 0
BAND 1/4 3/1/26 CONVERTIBLE BOND 05988JAB9 840 1,200,000 PRN   SOLE   1,200,000 0 0
BANK7 CORP COM COM 06652N107 315 13,800 SH   SOLE   13,800 0 0
BASSETT FURNITURE INDS COM 070203104 1,087 60,000 SH   SOLE   60,000 0 0
BE 2 1/2 8/15/25 CONVERTIBLE BOND 093712AH0 598 485,000 PRN   SOLE   485,000 0 0
BEASLEY BROADCAST GRP INC. COM 074014101 531 415,000 SH   SOLE   415,000 0 0
BELLRING DISTR LLC COMMON STOC COM 07831C103 373 15,000 SH   SOLE   15,000 0 0
BERKSHIRE HILLS BANCORP INC CO COM 084680107 279 11,275 SH   SOLE   11,275 0 0
BIG 5 SPORTING GOODS CORP COM COM 08915P101 179 16,000 SH   SOLE   16,000 0 0
BL 1/8 8/1/24 CONVERTIBLE BOND 09239BAB5 386 350,000 PRN   SOLE   350,000 0 0
BOYD GAMING CORP COM 103304101 995 20,000 SH   SOLE   20,000 0 0
BRIDGE BANCORP INC COM COM 25432X102 626 21,111 SH   SOLE   21,111 0 0
CADENCE BANK COM 12740C103 346 14,740 SH   SOLE   14,740 0 0
CADIZ INC COM 127537207 23 10,000 SH   SOLE   10,000 0 0
CAESARS ENTERTAINMENT INC COM COM 12769G100 823 21,500 SH   SOLE   21,500 0 0
CALAVO GROWERS INC COM COM 128246105 2,253 54,000 SH   SOLE   54,000 0 0
CALIFORNIA WTR SVC GROUP COM COM 130788102 1,311 23,600 SH   SOLE   23,600 0 0
CAPITAL CITY BK GROUP INC COM COM 139674105 2,281 81,800 SH   SOLE   81,800 0 0
CAPITOL FEDERAL FINANCIAL INC COM 14057J101 92 10,000 SH   SOLE   10,000 0 0
CARDIOVASCULAR SYS INC DEL COM COM 141619106 1,244 86,660 SH   SOLE   86,660 0 0
CARDLYTICS INC COM COM 14161W105 312 14,000 SH   SOLE   14,000 0 0
CASELLA WASTE SYS INC CL A COM 147448104 4,746 65,300 SH   SOLE   65,300 0 0
CAVCO INDUSTRIES COM 149568107 4,790 24,440 SH   SOLE   24,440 0 0
CDLX 1 9/15/25 CONVERTIBLE BOND 14161WAB1 779 1,030,000 PRN   SOLE   1,030,000 0 0
CHASE CORP COM 16150R104 2,996 38,500 SH   SOLE   38,500 0 0
CHESAPEAKE UTILS CORP COM COM 165303108 1,189 9,180 SH   SOLE   9,180 0 0
CHRS 1 1/2 4/15/26 CONVERTIBLE BOND 19249HAB9 166 255,000 PRN   SOLE   255,000 0 0
CHURCHILL DOWNS INC COM COM 171484108 803 4,190 SH   SOLE   4,190 0 0
CIRCOR INTL INC COM COM 17273K109 1,184 72,266 SH   SOLE   72,266 0 0
CITIZENS & NORTHN CORP COM COM 172922106 400 16,560 SH   SOLE   16,560 0 0
CNMD 2 5/8 2/1/24 CONVERTIBLE BOND 207410AF8 423 350,000 PRN   SOLE   350,000 0 0
COLUMBUS MCKINNON CORP N Y COM COM 199333105 2,250 79,300 SH   SOLE   79,300 0 0
COMMERCIAL VEH GROUP INC COM COM 202608105 1,781 304,993 SH   SOLE   304,993 0 0
COMSCORE INC COM 20564W105 31 15,000 SH   SOLE   15,000 0 0
COMTECH TELECOMMUNICATIONS CCO COM 205826209 1,370 151,000 SH   SOLE   151,000 0 0
CONFORMIS INC COM COM 20717E101 65 185,000 SH   SOLE   185,000 0 0
CONSOLIDATED WATER CO LTD ORD COM G23773107 885 61,000 SH   SOLE   61,000 0 0
CORE MOLDING TECH COM COM 218683100 1,558 169,500 SH   SOLE   169,500 0 0
CTS CORP COM 126501105 8,498 249,580 SH   SOLE   249,580 0 0
CUTERA INC COM COM 232109108 9,062 241,660 SH   SOLE   241,660 0 0
CUTR 2 1/4 3/15/26 CONVERTIBLE BOND 232109AB4 398 300,000 PRN   SOLE   300,000 0 0
DAKTRONICS INC COM COM 234264109 138 46,000 SH   SOLE   46,000 0 0
DANA HOLDING CORP COM COM 235825205 668 47,500 SH   SOLE   47,500 0 0
DAWSON GEOPHYSICAL CO NEW COM COM 239360100 32 24,000 SH   SOLE   24,000 0 0
DBX 0 3/1/28 CONVERTIBLE BOND 26210CAD6 443 500,000 PRN   SOLE   500,000 0 0
DENNYS CORP COM COM 24869P104 495 57,000 SH   SOLE   57,000 0 0
DHI GROUP INC COM COM 23331S100 224 45,000 SH   SOLE   45,000 0 0
DHR 5 4/15/23 CONVERTIBLE PREF 235851409 670 500 SH   SOLE   500 0 0
DIEBOLD NIXDORF COM 253651103 772 340,000 SH   SOLE   340,000 0 0
DIGI INTL INC COM COM 253798102 3,270 135,000 SH   SOLE   135,000 0 0
DISH 3 3/8 8/15/26 CONVERTIBLE BOND 25470MAB5 302 450,000 PRN   SOLE   450,000 0 0
DISTRIBUTION SOLUTIONS GROUP COM 520776105 11,018 214,400 SH   SOLE   214,400 0 0
DUCOMMUN INC DEL COM COM 264147109 7,770 180,540 SH   SOLE   180,540 0 0
EASTERN CO COM COM 276317104 6,061 298,000 SH   SOLE   298,000 0 0
ELAN 5.000 02/01/23 CONVERTIBLE PREF 28414H202 313 9,795 SH   SOLE   9,795 0 0
ELECTROMED INC COM COM 285409108 339 35,142 SH   SOLE   35,142 0 0
ELY 2 3/4 5/1/26 CORPORATE BONDS 131193AE4 486 360,000 PRN   SOLE   360,000 0 0
ENERGY RECOVERY INC COM 29270J100 583 30,000 SH   SOLE   30,000 0 0
EXACT SCIENCES 0.375 03/01/28 CONVERTIBLE BOND 30063PAC9 691 1,000,000 PRN   SOLE   1,000,000 0 0
EXELIXIS INC COM COM 30161Q104 1,291 62,000 SH   SOLE   62,000 0 0
EXTREME NETWORKS INC COM COM 30226D106 1,516 170,000 SH   SOLE   170,000 0 0
EYE 2 1/2 5/15/25 CONVERTIBLE BOND 63845RAB3 412 365,000 PRN   SOLE   365,000 0 0
F N B CORP PA COM COM 302520101 804 74,000 SH   SOLE   74,000 0 0
FARMER BROS CO COM 307675108 2,214 472,000 SH   SOLE   472,000 0 0
FARMERS NATL BANC CORP COM COM 309627107 600 40,000 SH   SOLE   40,000 0 0
FEDERAL SIGNAL CORP COM COM 313855108 3,916 110,000 SH   SOLE   110,000 0 0
FIRST INTERNET BANCORP COM COM 320557101 974 26,440 SH   SOLE   26,440 0 0
FLUSHING FINL CORP COM COM 343873105 8,319 391,300 SH   SOLE   391,300 0 0
FOSTER L B CO COM COM 350060109 2,162 168,000 SH   SOLE   168,000 0 0
FOUR 0 12/15/25 CORPORATE BONDS 82452JAB5 811 1,000,000 PRN   SOLE   1,000,000 0 0
FREQUENCY ELECTRS INC COM COM 358010106 110 15,000 SH   SOLE   15,000 0 0
FRP HLDGS INC COM COM 30292L107 1,316 21,800 SH   SOLE   21,800 0 0
FS BANCORP INC COM COM 30263Y104 922 32,116 SH   SOLE   32,116 0 0
GAMBLING.COM GROUP LTD COM G3R239101 1,527 194,000 SH   SOLE   194,000 0 0
GAN LTD ORD SHS COM G3728V109 181 61,000 SH   SOLE   61,000 0 0
GARRETT MOTION INC COM 366505105 271 35,000 SH   SOLE   35,000 0 0
GENCOR INDS INC COM COM 368678108 4,837 476,037 SH   SOLE   476,037 0 0
GENIUS SPORTS LTD COM G3934V109 187 83,000 SH   SOLE   83,000 0 0
GENTHERM INC COM COM 37253A103 761 12,190 SH   SOLE   12,190 0 0
GIBRALTER INDUSTRIES INC COM 374689107 3,701 95,500 SH   SOLE   95,500 0 0
GOLDEN ENTERTAINMENT INC COM 381013101 4,884 123,500 SH   SOLE   123,500 0 0
GORMAN RUPP CO COM 383082104 2,434 86,000 SH   SOLE   86,000 0 0
GRAHAM CORP COM COM 384556106 619 89,500 SH   SOLE   89,500 0 0
GRAY TELEVISION, INC COM 389375106 4,073 241,120 SH   SOLE   241,120 0 0
GRAY TELEVISION, INC CL A COM 389375205 1,366 86,293 SH   SOLE   86,293 0 0
GRIFFON CORP COM COM 398433102 9,595 342,313 SH   SOLE   342,313 0 0
GTY GOVTECH INC COM 362409104 275 44,000 SH   SOLE   44,000 0 0
GYRODYNE LLC COM COM 403829104 194 16,138 SH   SOLE   16,138 0 0
HANOVER BANCORP INC/NY COM 410710206 307 15,000 SH   SOLE   15,000 0 0
HAWKINS INC COM COM 420261109 2,624 72,840 SH   SOLE   72,840 0 0
HERC HLDGS INC COM COM 42704L104 541 6,000 SH   SOLE   6,000 0 0
HOMESTREET INC COM COM 43785V102 946 27,300 SH   SOLE   27,300 0 0
I3 VERTICALS INC COM CL A COM 46571Y107 2,877 115,000 SH   SOLE   115,000 0 0
IAA SPINCO INC COM COM 449253103 442 13,500 SH   SOLE   13,500 0 0
ICC HOLDINGS INC COM 44931Q104 272 17,000 SH   SOLE   17,000 0 0
ICF INTL INC COM COM 44925C103 1,879 19,780 SH   SOLE   19,780 0 0
IMAX CORP COM COM 45245E109 507 30,000 SH   SOLE   30,000 0 0
INDUS REALTY TRUST INC COM 45580R103 14,317 241,193 SH   SOLE   241,193 0 0
INFN 2 1/2 3/1/2027 CORPORATE BONDS 45667GAE3 749 750,000 PRN   SOLE   750,000 0 0
INFUSYSTEM HLDGS INC COM COM 45685K102 1,878 195,000 SH   SOLE   195,000 0 0
INGLES MKTS INC CL A COM 457030104 4,185 48,240 SH   SOLE   48,240 0 0
INN 1 1/2 2/15/26 CONVERTIBLE BOND 866082AA8 331 385,000 PRN   SOLE   385,000 0 0
INNOVATE CORP COM 45784J105 519 300,000 SH   SOLE   300,000 0 0
INNOVATIVE SOLUTIONS & SUPPOCO COM 45769N105 763 106,000 SH   SOLE   106,000 0 0
INSPIRED ENTMT INC COM COM 45782N108 3,063 355,721 SH   SOLE   355,721 0 0
INTEGER HOLDINGS CORP COM 45826H109 1,535 21,730 SH   SOLE   21,730 0 0
INTEVAC INC COM COM 461148108 1,065 220,000 SH   SOLE   220,000 0 0
INVITAE CORP COM COM 46185L103 28 11,500 SH   SOLE   11,500 0 0
IRIDIUM COMMUNICATIONS INC COM COM 46269C102 338 9,000 SH   SOLE   9,000 0 0
ISPECIMEN INC COM COM 45032V108 87 40,000 SH   SOLE   40,000 0 0
IVC 4 1/4 3/15/26 CONVERTIBLE BOND 461203AQ4 184 365,000 PRN   SOLE   365,000 0 0
J & J SNACK FOODS CORP COM 466032109 209 1,500 SH   SOLE   1,500 0 0
JBLU 0 1/2 4/1/26 CONVERTIBLE BOND 477143AP6 498 680,000 PRN   SOLE   680,000 0 0
JOHN BEAN TECHNOLOGIES CORP CO COM 477839104 1,380 12,500 SH   SOLE   12,500 0 0
JOHNSON OUTDOORS INC CL A COM 479167108 306 5,000 SH   SOLE   5,000 0 0
KAMAN CORP COM 483548103 4,370 139,830 SH   SOLE   139,830 0 0
KAR AUCTION SVCS INC COM COM 48238T109 470 31,800 SH   SOLE   31,800 0 0
KIMBALL ELECTRONICS INC COM COM 49428J109 712 35,400 SH   SOLE   35,400 0 0
KIMBALL INTL INC CL B COM 494274103 1,956 255,000 SH   SOLE   255,000 0 0
KKR & CO INC CL A COM 48251W104 2,893 62,500 SH   SOLE   62,500 0 0
LA Z BOY CHAIR CO COM 505336107 782 33,000 SH   SOLE   33,000 0 0
LANDS END INC NEW COM COM 51509F105 223 21,000 SH   SOLE   21,000 0 0
LEE ENTERPRISES INC COM COM 523768406 323 17,000 SH   SOLE   17,000 0 0
LEGACY HOUSING CORP COM COM 52472M101 1,053 80,700 SH   SOLE   80,700 0 0
LEMAITRE VASCULAR INC COM COM 525558201 251 5,500 SH   SOLE   5,500 0 0
LIFETIME BRANDS INC COM COM 53222Q103 2,828 256,175 SH   SOLE   256,175 0 0
LIMONEIRA CO COM COM 532746104 3,269 232,000 SH   SOLE   232,000 0 0
LINDSAY CORP COM 535555106 661 4,980 SH   SOLE   4,980 0 0
LITE 1/2 12/15/26 CONVERTIBLE BOND 55024UAD1 513 500,000 PRN   SOLE   500,000 0 0
LLNW 3 1/2 8/1/25 CORPORATE BONDS 53261MAB0 627 700,000 PRN   SOLE   700,000 0 0
LRN 1 1/8 9/1/27 CONVERTIBLE BOND 86333MAA6 1,094 1,100,000 PRN   SOLE   1,100,000 0 0
LUV 1 1/4 5/1/25 CONVERTIBLE BOND 844741BG2 1,180 1,000,000 PRN   SOLE   1,000,000 0 0
MANITOWOC CO INC COM NEW COM 563571405 152 14,400 SH   SOLE   14,400 0 0
MARCUS CORP COM COM 566330106 1,071 72,500 SH   SOLE   72,500 0 0
MARINE PRODS CORP COM COM 568427108 3,804 400,000 SH   SOLE   400,000 0 0
MARINEMAX INC COM COM 567908108 488 13,500 SH   SOLE   13,500 0 0
MATERIALISE NV SPONSORED ADS COM 57667T100 136 10,000 SH   SOLE   10,000 0 0
MEDALLION FINANCIAL CORP COM 583928106 704 110,000 SH   SOLE   110,000 0 0
MELI 2 8/15/28 CONVERTIBLE BOND 58733RAD4 490 300,000 PRN   SOLE   300,000 0 0
MERIDIAN BIOSCIENCE INC COM COM 589584101 761 25,000 SH   SOLE   25,000 0 0
MESA LABS INC COM COM 59064R109 1,020 5,000 SH   SOLE   5,000 0 0
METHODE ELECTRS INC CL A COM 591520200 770 20,800 SH   SOLE   20,800 0 0
MIDDLEBY CORP COM COM 596278101 2,347 18,720 SH   SOLE   18,720 0 0
MIDDLESEX WTR CO COM COM 596680108 592 6,752 SH   SOLE   6,752 0 0
MINERALS TECHNOLOGIES INC COM 603158106 215 3,500 SH   SOLE   3,500 0 0
MITEK SYS INC COM NEW COM 606710200 1,266 137,000 SH   SOLE   137,000 0 0
MODINE MFG CO COM 607828100 3,738 355,000 SH   SOLE   355,000 0 0
MONEYGRAM INTERNATIONAL INC CO COM 60935Y208 1,830 183,000 SH   SOLE   183,000 0 0
MOTORCAR PTS & ACCESSORS INCCO COM 620071100 236 18,000 SH   SOLE   18,000 0 0
MOVADO GROUP INC COM COM 624580106 1,778 57,500 SH   SOLE   57,500 0 0
MSA SAFETY INC COM COM 553498106 969 8,000 SH   SOLE   8,000 0 0
MYERS INDS INC COM 628464109 17,295 760,870 SH   SOLE   760,870 0 0
MYR GROUP INC DEL COM COM 55405W104 2,001 22,700 SH   SOLE   22,700 0 0
NAPCO SEC SYS INC COM COM 630402105 865 42,000 SH   SOLE   42,000 0 0
NATHANS FAMOUS INC NEW COM COM 632347100 12,928 220,734 SH   SOLE   220,734 0 0
NATURAL GROCERS BY VITAMIN CCO COM 63888U108 175 11,000 SH   SOLE   11,000 0 0
NAUTILUS INC COM 63910B102 19 11,000 SH   SOLE   11,000 0 0
NAVIGATOR HOLDINGS LTD SHS COM Y62132108 1,135 100,530 SH   SOLE   100,530 0 0
NCLH 5 3/8 8/1/25 CORPORATE BONDS 62886HAX9 531 550,000 PRN   SOLE   550,000 0 0
NEE 5.279 3/1/23 CONVERTIBLE PREF 65339F770 456 9,200 SH   SOLE   9,200 0 0
NEOGEN CORP COM COM 640491106 5,107 212,000 SH   SOLE   212,000 0 0
NEOGENOMICS INC COM NEW COM 64049M209 493 60,500 SH   SOLE   60,500 0 0
NEURONETICS INC COM COM 64131A105 193 60,000 SH   SOLE   60,000 0 0
NICE 0 9/15/25 CONVERTIBLE BOND 653656AB4 671 680,000 PRN   SOLE   680,000 0 0
NICE 1 1/4 1/15/24 CONVERTIBLE BOND 65366HAB9 474 205,000 PRN   SOLE   205,000 0 0
OCEANFIRST FINL CORP COM COM 675234108 371 19,390 SH   SOLE   19,390 0 0
OIL DRI CORP AMER COM COM 677864100 889 29,020 SH   SOLE   29,020 0 0
OMNICELL INC COM COM 68213N109 2,104 18,500 SH   SOLE   18,500 0 0
OPKO HEALTH INC COM COM 68375N103 557 220,000 SH   SOLE   220,000 0 0
OPTION CARE HEALTH INC COM 68404L201 584 21,000 SH   SOLE   21,000 0 0
ORTHOFIX MED INC COM COM 68752M108 1,476 62,700 SH   SOLE   62,700 0 0
OTONOMO TECHNOLOGIES LTD ORDIN COM M7571L103 50 45,000 SH   SOLE   45,000 0 0
PACIFIC PREMIER BANCORP COM COM 69478X105 322 11,000 SH   SOLE   11,000 0 0
PAR 2 7/8 4/15/26 CONVERTIBLE BOND 698884AC7 1,143 1,000,000 PRN   SOLE   1,000,000 0 0
PARATEK PHARMACEUTICALS INC CO COM 699374302 85 44,000 SH   SOLE   44,000 0 0
PARK AEROSPACE CORP COM 70014A104 829 65,000 SH   SOLE   65,000 0 0
PARK OHIO HLDGS CORP COM COM 700666100 3,173 200,047 SH   SOLE   200,047 0 0
PD 1.25 7/1/25 CONVERTIBLE BOND 69553PAB6 610 615,000 PRN   SOLE   615,000 0 0
PEB 1 3/4 12/15/26 CONVERTIBLE BOND 70509VAA8 182 200,000 PRN   SOLE   200,000 0 0
PETQ 4 6/1/26 CORPORATE BONDS 71639TAB2 958 990,000 PRN   SOLE   990,000 0 0
PFSWEB INC COM NEW COM 717098206 3,069 261,000 SH   SOLE   261,000 0 0
PINEAPPLE ENERGY INC COM 72303P107 192 82,000 SH   SOLE   82,000 0 0
PLAYAGS INC COM COM 72814N104 1,197 232,000 SH   SOLE   232,000 0 0
PLAYSTUDIOS INC COM 72815G108 128 30,000 SH   SOLE   30,000 0 0
PODD 3/8 9/1/26 144A CONVERTIBLE BOND 45784PAK7 1,158 1,000,000 PRN   SOLE   1,000,000 0 0
POST HOLDINGS PARTNERING COR COM 737465203 2,784 285,000 SH   SOLE   285,000 0 0
POWELL INDS INC COM COM 739128106 490 20,950 SH   SOLE   20,950 0 0
PRIMIS FINANCIAL CORP COM COM 74167B109 436 32,000 SH   SOLE   32,000 0 0
PRIMO WATER CORP COM 74167P108 201 15,000 SH   SOLE   15,000 0 0
PRO 2 1/4 9/15/27 CONVERTIBLE BOND 74346YAG8 426 465,000 PRN   SOLE   465,000 0 0
PROGRESS SOFTWARE CORP 1.000 CONVERTIBLE BOND 743312AB6 830 860,000 PRN   SOLE   860,000 0 0
PRTK 4 3/4 5/1/24 CONVERTIBLE BOND 699374AB0 345 400,000 PRN   SOLE   400,000 0 0
PZENA INVESTMENT MGMT INC CLAS COM 74731Q103 989 150,000 SH   SOLE   150,000 0 0
QUIDELORTHO CORP COM 219798105 243 2,500 SH   SOLE   2,500 0 0
RCL 4 1/4 6/15/23 CORPORATE BONDS 780153BF8 227 250,000 PRN   SOLE   250,000 0 0
READING INTERNATIONAL INC CL B COM 755408200 1,562 74,400 SH   SOLE   74,400 0 0
READING INTL INC CL A COM 755408101 1,044 289,269 SH   SOLE   289,269 0 0
RENASANT CORP COM COM 75970E107 969 33,651 SH   SOLE   33,651 0 0
RGC RES INC COM COM 74955L103 1,036 54,310 SH   SOLE   54,310 0 0
RPC INC. COMMON COM 749660106 415 60,000 SH   SOLE   60,000 0 0
RUSH ENTERPRISES INC CL A COM 781846209 1,863 38,660 SH   SOLE   38,660 0 0
RUSH ENTERPRISES INC CL B COM 781846308 4,874 98,240 SH   SOLE   98,240 0 0
RUSH STREET INTERACTIVE INC CO COM 782011100 93 20,000 SH   SOLE   20,000 0 0
SANDY SPRING BANCORP INC COM COM 800363103 1,035 26,500 SH   SOLE   26,500 0 0
SCHMITT INDS INC ORE COM NEW COM 806870200 2,313 593,000 SH   SOLE   593,000 0 0
SCRIPPS E W CO OHIO CL A COM 811054402 4,263 341,900 SH   SOLE   341,900 0 0
SHARPS COMPLIANCE CORP COM COM 820017101 117 40,000 SH   SOLE   40,000 0 0
SILVERCREST ASSET MGMT GROUPCL COM 828359109 1,198 73,000 SH   SOLE   73,000 0 0
SINCLAIR BROADCAST GROUP INCCL COM 829226109 653 32,000 SH   SOLE   32,000 0 0
SJW GROUP COM 784305104 3,888 62,304 SH   SOLE   62,304 0 0
SKYLINE CHAMPION CORPORATION COM 830830105 3,485 73,500 SH   SOLE   73,500 0 0
SONIC AUTOMOTIVE INC CL A COM 83545G102 366 10,000 SH   SOLE   10,000 0 0
SOUTH ST CORP COM COM 840441109 6,781 87,896 SH   SOLE   87,896 0 0
SOUTHERN FIRST BANCSHARES INCO COM 842873101 3,139 72,010 SH   SOLE   72,010 0 0
SPORTSMANS WHSE HLDGS INC COM COM 84920Y106 240 25,000 SH   SOLE   25,000 0 0
SQ 1/8 3/1/25 CONVERTIBLE BOND 852234AF0 470 500,000 PRN   SOLE   500,000 0 0
STANDARD MTR PRODS INC CLASS A COM 853666105 2,161 48,028 SH   SOLE   48,028 0 0
STANDEX INTL CORP COM 854231107 1,272 15,000 SH   SOLE   15,000 0 0
STARRETT L S CO CL A COM 855668109 471 67,100 SH   SOLE   67,100 0 0
STEEL PARTNERS HLDGS L P COM 85814R107 3,903 93,000 SH   SOLE   93,000 0 0
STERIS PLC COM G8473T100 309 1,500 SH   SOLE   1,500 0 0
STONERIDGE INC COM 86183P102 1,964 114,500 SH   SOLE   114,500 0 0
SURMODICS INC COM COM 868873100 1,862 50,000 SH   SOLE   50,000 0 0
S&W SEED CO COM COM 785135104 464 464,000 SH   SOLE   464,000 0 0
TEAM INC COM COM 878155100 33 45,000 SH   SOLE   45,000 0 0
TEJON RANCH CO DEL COM COM 879080109 1,552 100,000 SH   SOLE   100,000 0 0
TENNANT CO COM 880345103 1,342 22,650 SH   SOLE   22,650 0 0
TERRITORIAL BANCORP INC COM COM 88145X108 532 25,500 SH   SOLE   25,500 0 0
TITAN INTL INC ILL COM COM 88830M102 310 20,500 SH   SOLE   20,500 0 0
TITAN MACHY INC COM COM 88830R101 3,451 154,000 SH   SOLE   154,000 0 0
TOWNSQUARE MEDIA INC CL A COM 892231101 1,229 150,000 SH   SOLE   150,000 0 0
TRANSACT TECHNOLOGIES INC COM COM 892918103 131 33,000 SH   SOLE   33,000 0 0
TRAVELCENTERS OF AMERICA INCCO COM 89421B109 414 12,000 SH   SOLE   12,000 0 0
TREDEGAR INDS INC COM 894650100 3,020 302,000 SH   SOLE   302,000 0 0
TRINITY PL HLDGS INC COM COM 89656D101 470 465,000 SH   SOLE   465,000 0 0
TRUSTCO BK CORP N Y COM NEW COM 898349204 309 10,010 SH   SOLE   10,010 0 0
TWIN DISC INC COM COM 901476101 1,042 115,000 SH   SOLE   115,000 0 0
TWOU 2 1/4 5/1/25 CONVERTIBLE BOND 90214JAB7 937 1,100,000 PRN   SOLE   1,100,000 0 0
TYLER TECHNOLOGIES INC COM COM 902252105 332 1,000 SH   SOLE   1,000 0 0
ULTRA CLEAN HLDGS INC COM COM 90385V107 3,066 103,000 SH   SOLE   103,000 0 0
ULTRALIFE BATTERIES INC COM COM 903899102 846 186,000 SH   SOLE   186,000 0 0
UNITED BANKSHARES INC WEST VCO COM 909907107 305 8,701 SH   SOLE   8,701 0 0
UNITED GUARDIAN INC COM COM 910571108 1,057 70,511 SH   SOLE   70,511 0 0
UNITIL CORP COM 913259107 206 3,500 SH   SOLE   3,500 0 0
UNIVERSAL TECHNICAL INST INCCO COM 913915104 677 95,000 SH   SOLE   95,000 0 0
VALLEY NATL BANCORP COM COM 919794107 532 51,152 SH   SOLE   51,152 0 0
VALUE LINE INC COM 920437100 2,114 32,000 SH   SOLE   32,000 0 0
VERINT SYS INC 0.250 04/15/26 CORPORATE BONDS 92343XAC4 844 925,000 PRN   SOLE   925,000 0 0
VIAD CORP COM NEW COM 92552R406 1,468 53,160 SH   SOLE   53,160 0 0
VILLAGE SUPER MKT INC CL A NEW COM 927107409 3,034 133,000 SH   SOLE   133,000 0 0
VISHAY PRECISION GROUP INC COM COM 92835K103 2,039 70,000 SH   SOLE   70,000 0 0
VRNS 1 1/4 8/15/25 CONVERTIBLE BOND 922280AB8 432 365,000 PRN   SOLE   365,000 0 0
WABASH NATL CORP COM COM 929566107 883 65,000 SH   SOLE   65,000 0 0
WASHINGTON TR BANCORP COM COM 940610108 2,123 43,900 SH   SOLE   43,900 0 0
WATERSTONE FINL INC MD COM COM 94188P101 1,275 74,800 SH   SOLE   74,800 0 0
WEBSTER FINL CORP WATERBURY CO COM 947890109 2,246 53,290 SH   SOLE   53,290 0 0
WESTERN NEW ENGLAND BANCORP COM 958892101 591 79,260 SH   SOLE   79,260 0 0
WILLAMETTE VY VINEYARD INC COM COM 969136100 144 23,000 SH   SOLE   23,000 0 0
WILLDAN GROUP INC COM COM 96924N100 3,089 112,000 SH   SOLE   112,000 0 0
WILLIAMS INDL SVCS GROUP INC C COM 96951A104 19 14,000 SH   SOLE   14,000 0 0
WINNEBAGO INDS INC COM COM 974637100 1,942 40,000 SH   SOLE   40,000 0 0
WK 1 1/8 8/15/26 CONVERTIBLE BOND 98139AAB1 651 600,000 PRN   SOLE   600,000 0 0
WORLD WRESTLING ENTERTAINMENT COM 98156Q108 1,718 27,500 SH   SOLE   27,500 0 0
YORK WTR CO COM COM 987184108 1,739 43,007 SH   SOLE   43,007 0 0
ZS 1/8 7/1/25 M246A22A1:L295 CONVERTIBLE BOND 98980GAB8 816 675,000 PRN   SOLE   675,000 0 0