Managing Principal

0001596468-23-000002.txt : 20230811 0001596468-23-000002.hdr.sgml : 20230811 20230811152043 ACCESSION NUMBER: 0001596468-23-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230630 FILED AS OF DATE: 20230811 DATE AS OF CHANGE: 20230811 EFFECTIVENESS DATE: 20230811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Almitas Capital LLC CENTRAL INDEX KEY: 0001596468 IRS NUMBER: 461753898 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-19313 FILM NUMBER: 231163604 BUSINESS ADDRESS: STREET 1: 1460 4TH STREET STREET 2: SUITE 300 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 310-573-4343 MAIL ADDRESS: STREET 1: 1460 4TH STREET STREET 2: SUITE 300 CITY: SANTA MONICA STATE: CA ZIP: 90401 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001596468 XXXXXXXX 06-30-2023 06-30-2023 Almitas Capital LLC

1460 4TH STREET SUITE 300 SANTA MONICA CA 90401

13F HOLDINGS REPORT 028-19313 000166705 801-108002 N Ronald Mass Managing Principal 3105734343 Ronald Mass Santa Monica CA 08-11-2023 0 92 233943536 false INFORMATION TABLE 2 xml.xml Aberdeen Total Dynamic Dividend Fund COM SH BEN INT 00326L100 2350146 280447 SH SOLE 280447 0 0 Annaly Capital Management Inc COM NEW 035710839 13649146 679400 SH SOLE 679400 0 0 Arlington Asset Investment Corp CL A NEW 041356205 672631 145907 SH SOLE 145907 0 0 Barings BDC Inc COM 06759L103 5071389 607352 SH SOLE 607352 0 0 Barings Participation Investors SH BEN INT 06761A103 3625464 272182 SH SOLE 272182 0 0 BlackRock California Municipal Income Trust SH BEN INT 09248E102 8559203 738499 SH SOLE 738499 0 0 BlackRock Capital Investment Corp COM 092533108 1702609 470334 SH SOLE 470334 0 0 BlackRock ESG Capital Allocation Term Trust SHS BEN INT 09262F100 17391055 1086262 SH SOLE 1086262 0 0 BlackRock Resources & Commodities Strategy Trust SHS 09257A108 1473895 149634 SH SOLE 149634 0 0 Blackstone Senior Floating Rate 2027 Term Fund COM 09256U105 383563 29302 SH SOLE 29302 0 0 Blackstone Strategic Credit 2027 Term Fund COM SHS BEN IN 09257R101 683996 61400 SH SOLE 61400 0 0 BNY Mellon Municipal Income Inc COM 05589T104 941062 147271 SH SOLE 147271 0 0 BrightSpire Capital Inc COM CL A 10949T109 6545962 889397 SH SOLE 889397 0 0 Calamos Long/Short Equity & Dynamic Income Trust COM 12812C106 1371426 87130 SH SOLE 87130 0 0 Center Coast Brookfield MLP & Energy Infrastructure Fund SHS BEN INT 151461209 6115076 295700 SH SOLE 295700 0 0 Central Securities Corp COM 155123102 1089556 29376 SH SOLE 29376 0 0 Citigroup Inc COM NEW 172967424 214470 4500 SH SOLE 4500 0 0 ClearBridge Energy Midstream Opportunity Fund Inc COM 18469P209 1152273 35874 SH SOLE 35874 0 0 ClearBridge MLP & Midstream Total Return Fund Inc COM 18469Q207 4954262 146706 SH SOLE 146706 0 0 Clough Global Dividend and Income Fund COM 18913Y103 1078226 188205 SH SOLE 188205 0 0 Clough Global Opportunities Fund SH BEN INT 18914E106 67408 13140 SH SOLE 13140 0 0 DTF Tax-Free Income 2028 Term Fund Inc COM 23334J107 690548 62493 SH SOLE 62493 0 0 DWS Strategic Municipal Income Trust COM 23342Q101 783822 92106 SH SOLE 92106 0 0 Dynex Capital Inc COM 26817Q886 260582 19968 SH SOLE 19968 0 0 Eaton Vance California Municipal Bond Fund COM 27828A100 3219497 360526 SH SOLE 360526 0 0 Eaton Vance California Municipal Income Trust SH BEN INT 27826F101 934491 91887 SH SOLE 91887 0 0 Eaton Vance Ltd Duration Income Fund COM 27828H105 828087 87167 SH SOLE 87167 0 0 Eaton Vance New York Municipal Bond Fund COM 27827Y109 4379531 451498 SH SOLE 451498 0 0 Ecofin Sustainable and Social COM SH BEN INT 27901F109 421360 32613 SH SOLE 32613 0 0 Ellington Residential Mortgage REIT COM SHS BEN INT 288578107 308257 42343 SH SOLE 42343 0 0 First Trust Dynamic Europe Equity Income Fund COM SHS 33740D107 233721 17198 SH SOLE 17198 0 0 FS Credit Opportunities Corp COMMON STOCK 30290Y101 1036300 205615 SH SOLE 205615 0 0 General American Investors Co Inc COM 368802104 4684601 109864 SH SOLE 109864 0 0 Goldman Sachs MLP Energy and Renaissance Fund COM 38148G206 2492925 159089 SH SOLE 159089 0 0 Great Ajax Corp 7.25 CV SR NT 24 38983D409 19367480 786337 SH SOLE 786337 0 0 Great Ajax Corp COM 38983D300 4969442 720209 SH SOLE 720209 0 0 Highland Opportunities and Income Fund HIGHLAND INCOME 43010E404 187884 22078 SH SOLE 22078 0 0 Japan Smaller Capitalization Fund Inc COM 47109U104 589474 79124 SH SOLE 79124 0 0 Kayne Anderson NextGen Energy & Infrastructure Inc COM 48661E108 687595 91193 SH SOLE 91193 0 0 Ladder Capital Corp CL A 505743104 494891 45031 SH SOLE 45031 0 0 Mexico Equity and Income Fund Inc/The COM 592834105 274487 25653 SH SOLE 25653 0 0 Mexico Fund Inc/The COM 592835102 2521712 140329 SH SOLE 140329 0 0 MFA Financial Inc COM 55272X607 2482503 220471 SH SOLE 220471 0 0 MFS Investment Grade Municipal Trust SH BEN INT 59318B108 3906517 513340 SH SOLE 513340 0 0 MGIC Investment Corp COM 552848103 844131 50426 SH SOLE 50426 0 0 Miller/Howard High Dividend Fund COM SHS BEN IN 600379101 10633312 1014629 SH SOLE 1014629 0 0 Morgan Stanley China A Share Fund Inc COM 617468103 657612 48425 SH SOLE 48425 0 0 Morgan Stanley Emerging Markets Domestic Debt Fund Inc COM 617477104 1597998 326122 SH SOLE 326122 0 0 Morgan Stanley India Investment Fund Inc COM 61745C105 2408333 107037 SH SOLE 107037 0 0 Neuberger Berman California Municipal Fund Inc COM 64123C101 733364 67716 SH SOLE 67716 0 0 Neuberger Berman New York Municipal Fund Inc COM 64124K102 244718 25412 SH SOLE 25412 0 0 New America High Income Fund Inc/The COM NEW 641876800 2209225 324886 SH SOLE 324886 0 0 New York Mortgage Trust Inc COM 649604840 4149777 408845 SH SOLE 408845 0 0 Nicholas Financial Inc COM NEW 65373J209 504818 103024 SH SOLE 103024 0 0 Nuveen Core Plus Impact Fund COM BEN INT 67080D103 13994536 1378772 SH SOLE 1378772 0 0 Nuveen Corporate Income 2023 Target Term Fund COM 67079F101 3883170 413984 SH SOLE 413984 0 0 Nuveen Floating Rate Income Fund/Closed-end Fund COM 67072T108 88403 10941 SH SOLE 10941 0 0 Nuveen Floating Rate Income Opportunity Fund COM SHS 6706EN100 596106 75648 SH SOLE 75648 0 0 Nuveen Pennsylvania Quality Municipal Income Fund COM 670972108 1604306 141974 SH SOLE 141974 0 0 Nuveen Preferred & Income Opportunities Fund COM 67073B106 355846 53916 SH SOLE 53916 0 0 Nuveen Preferred & Income Term Fund COM 67075A106 864857 49056 SH SOLE 49056 0 0 Nuveen Senior Income Fund COM 67067Y104 1055406 229436 SH SOLE 229436 0 0 Nuveen Short Duration Credit Opportunities Fund COM 67074X107 1507559 129962 SH SOLE 129962 0 0 NXG NextGen Infrastructure Income Fund COM 231647207 3478880 87784 SH SOLE 87784 0 0 PennyMac Corp NOTE 5.500% 3/1 70932AAF0 444165 500000 PRN SOLE 500000 0 0 PGIM Short Duration High Yield Opportunities Fund COM 69355J104 2806733 183807 SH SOLE 183807 0 0 PhenixFIN Corp COM 71742W103 552302 15337 SH SOLE 15337 0 0 PIMCO Energy & Tactical Credit Opportunities Fund COM SHS BEN INT 69346N107 1051666 62786 SH SOLE 62786 0 0 Radian Group Inc COM 750236101 890279 33059 SH SOLE 33059 0 0 Reading International Inc CL A 755408101 992114 372975 SH SOLE 372975 0 0 REDWOOD TRUST INC NOTE 7.750% 6/1 758075AF2 1841620 2000000 PRN SOLE 2000000 0 0 Safeguard Scientifics Inc COM NEW 786449207 1226813 796632 SH SOLE 796632 0 0 Special Opportunities Fund Inc COM 84741T104 315375 27258 SH SOLE 27258 0 0 SRH Total Return Fund Inc COM 101507101 1821799 132881 SH SOLE 132881 0 0 Taiwan Fund Inc/The/MD COM 874036106 2214181 66452 SH SOLE 66452 0 0 Templeton Global Income Fund COM 880198106 10639603 2480094 SH SOLE 2480094 0 0 Tiptree Inc COM 88822Q103 193782 13120 SH SOLE 13120 0 0 Tortoise Energy Infrastructure Corp COM 89147L886 2620439 85273 SH SOLE 85273 0 0 Tortoise Midstream Energy Fund Inc COM 89148B200 5936777 166623 SH SOLE 166623 0 0 Tortoise Pipeline & Energy Fund Inc COM 89148H207 471670 16131 SH SOLE 16131 0 0 Two Harbors Investment Corp NOTE 6.250% 1/1 90187BAB7 3871198 4250000 PRN SOLE 4250000 0 0 Two Harbors Investment Corp COM 90187B804 386811 28845 SH SOLE 28845 0 0 Velocity Financial Inc COM 92262D101 150046 12120 SH SOLE 12120 0 0 VMware Inc CL A COM 928563402 750634 4762 SH SOLE 4762 0 0 Voya Infrastructure Industrials and Materials Fund COM 92912X101 781279 75926 SH SOLE 75926 0 0 Western Asset Inflation-Linked Opportunities & Income Fund COM 95766R104 2416250 270274 SH SOLE 270274 0 0 Western Asset Intermediate Muni Fund Inc COM 958435109 503118 65425 SH SOLE 65425 0 0 Western Asset Investment Grade Defined Opportunity Trust Inc COM 95790A101 216578 13118 SH SOLE 13118 0 0 Western Asset Mortgage Capital Corp NOTE 6.750% 9/1 95790DAD7 2565475 2750000 PRN SOLE 2750000 0 0 Western Asset Mortgage Capital Corp COM 95790D204 245567 24855 SH SOLE 24855 0 0 Wheeler Real Estate Investment Trust Inc PFD CNV SER D 963025606 1512780 129187 SH SOLE 129187 0 0 WHEELER REIT INC 7% SR NT 31 963025804 263600 5272 SH SOLE 5272 0 0