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
DEUTSCHE BANK A G NAMEN AKT D18190898 865 66,168 SH   DFND 1 66,168 0 0
DEUTSCHE BANK A G NAMEN AKT D18190898 806 61,631 SH   DFND   61,631 0 0
ENDO INTL PLC SHS G30401106 916 195,690 SH   DFND 1 195,690 0 0
ENDO INTL PLC SHS G30401106 147 31,500 SH   DFND   31,500 0 0
INVESCO LTD SHS G491BT108 6,549 245,000 SH   DFND 1 245,000 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 1,763 125,000 SH   DFND 1 125,000 0 0
CHUBB LIMITED COM H1467J104 16,805 105,734 SH   SOLE   105,734 0 0
ALX ONCOLOGY HLDGS INC COM 00166B105 307 5,613 SH   DFND 1 5,613 0 0
ACUTUS MED INC COM 005111109 5,094 299,995 SH   DFND 1 299,995 0 0
AMERICAN WOODMARK CORPORATIO COM 030506109 8,734 106,917 SH   DFND 1 106,917 0 0
ANTERO MIDSTREAM CORP COM 03676B102 208 20,000 SH   DFND 1 20,000 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 1,349 84,600 SH   DFND 1 84,600 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 328 20,554 SH   DFND   20,554 0 0
ARBOR REALTY TRUST INC NOTE 4.750%11/0 038923AP3 5,470 5,000,000 PRN   DFND 1 5,000,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 4,141 133,333 SH   DFND 1 133,333 0 0
ARLINGTON ASSET INVST CORP CL A NEW 041356205 2,592 638,342 SH   DFND 1 638,342 0 0
ARLINGTON ASSET INVST CORP CL A NEW 041356205 1,951 480,506 SH   DFND   480,506 0 0
AUDACY INC CL A 05070N103 1,016 235,834 SH   DFND 1 235,834 0 0
BP MIDSTREAM PARTNERS LP UNIT LTD PTNR 0556EL109 297 20,500 SH   DFND 1 20,500 0 0
BM TECHNOLOGIES INC CL A COM 05591L107 638 51,262 SH   DFND 1 51,262 0 0
BARCLAYS PLC ADR 06738E204 1,940 201,000 SH   DFND 1 201,000 0 0
BARCLAYS PLC ADR 06738E204 1,669 173,000 SH   DFND   173,000 0 0
BERKLEY W R CORP COM 084423102 13,062 175,500 SH   SOLE   175,500 0 0
BIOLIFE SOLUTIONS INC COM NEW 09062W204 4,064 91,316 SH   DFND 1 91,316 0 0
BLACKSTONE MTG TR INC NOTE 4.750% 3/1 09257WAC4 1,557 1,500,000 PRN   DFND 1 1,500,000 0 0
BLACKSTONE MTG TR INC NOTE 4.750% 3/1 09257WAC4 519 500,000 PRN   DFND   500,000 0 0
BRIGHTHOUSE FINL INC COM 10922N103 472 10,363 SH   DFND 1 10,363 0 0
BRIGHTHOUSE FINL INC COM 10922N103 45 999 SH   DFND   999 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 2,005 30,000 SH   DFND 1 30,000 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 2,005 30,000 SH   DFND   30,000 0 0
CAPITOL FED FINL INC COM 14057J101 424 36,000 SH   DFND 1 36,000 0 0
CITIGROUP INC COM NEW 172967424 21,791 308,000 SH   DFND 1 308,000 0 0
CITIGROUP INC COM NEW 172967424 495 7,000 SH   DFND   7,000 0 0
CLIPPER RLTY INC COM 18885T306 2,735 372,044 SH   DFND 1 372,044 0 0
COMCAST CORP NEW CL A 20030N101 11,803 207,000 SH   DFND 1 207,000 0 0
CONOCOPHILLIPS COM 20825C104 426 7,000 SH   DFND   7,000 0 0
CONSOLIDATED COMM HLDGS INC COM 209034107 5,211 592,877 SH   DFND   592,877 0 0
CROSSAMERICA PARTNERS LP UT LTD PTN INT 22758A105 191 10,000 SH   DFND 1 10,000 0 0
CURIOSITYSTREAM INC COM CL A 23130Q107 372 27,251 SH   DFND 1 27,251 0 0
CUSTOMERS BANCORP INC COM 23204G100 12,988 333,114 SH   DFND 1 333,114 0 0
DCP MIDSTREAM LP COM UT LTD PTN 23311P100 307 10,000 SH   DFND 1 10,000 0 0
DIGITALBRIDGE GROUP INC CL A COM 25401T108 1,884 238,515 SH   DFND 1 238,515 0 0
DIGITALBRIDGE GROUP INC CL A COM 25401T108 136 17,233 SH   DFND   17,233 0 0
DISH NETWORK CORPORATION CL A 25470M109 1,254 30,000 SH   DFND 1 30,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109 1,325 69,166 SH   DFND 1 69,166 0 0
ELLINGTON FINANCIAL INC COM 28852N109 590 30,834 SH   DFND   30,834 0 0
ELOXX PHARMACEUTICALS INC COM 29014R103 2,945 1,480,000 SH   DFND 1 1,480,000 0 0
ENABLE MIDSTREAM PARTNERS LP COM UNIT RP IN 292480100 91 10,000 SH   DFND 1 10,000 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 3,311 311,520 SH   DFND 1 311,520 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 823 77,376 SH   DFND   77,376 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 5,912 245,000 SH   DFND 1 245,000 0 0
ENVIVA PARTNERS LP COM UNIT 29414J107 524 10,000 SH   DFND 1 10,000 0 0
EOS ENERGY ENTERPRISES INC COM CL A 29415C101 7,864 437,884 SH   DFND 1 437,884 0 0
EQUITRANS MIDSTREAM CORP COM 294600101 208 24,400 SH   DFND 1 24,400 0 0
FLEXION THERAPEUTICS INC COM 33938J106 1,307 158,850 SH   DFND 1 158,850 0 0
FRANCHISE GROUP INC COM 35180X105 24,199 686,115 SH   DFND 1 686,115 0 0
FRANKLIN RESOURCES INC COM 354613101 2,033 63,550 SH   DFND 1 63,550 0 0
FRANKLIN RESOURCES INC COM 354613101 1,779 55,600 SH   DFND   55,600 0 0
FULL HSE RESORTS INC COM 359678109 351 35,331 SH   DFND 1 35,331 0 0
GENERAL MTRS CO COM 37045V100 8,042 135,920 SH   DFND 1 135,920 0 0
GENERAL MTRS CO COM 37045V100 3,200 54,080 SH   DFND   54,080 0 0
GENESIS ENERGY L P UNIT LTD PARTN 371927104 116 10,000 SH   DFND 1 10,000 0 0
GRANITE PT MTG TR INC COM STK 38741L107 579 39,231 SH   DFND 1 39,231 0 0
GRANITE PT MTG TR INC COM STK 38741L107 616 41,790 SH   DFND   41,790 0 0
GRAY TELEVISION INC COM 389375106 12,725 543,797 SH   DFND 1 543,797 0 0
GRAY TELEVISION INC COM 389375106 4,013 171,500 SH   DFND   171,500 0 0
HESS MIDSTREAM LP CL A SHS 428103105 480 19,000 SH   DFND 1 19,000 0 0
HOWARD BANCORP INC COM 442496105 1,676 103,900 SH   DFND 1 103,900 0 0
INTEGRAL AD SCIENCE HLDING CO COM 45828L108 412 20,000 SH   DFND 1 20,000 0 0
KAYNE ANDERSON ENERGY INFRST COM 486606106 4,375 492,098 SH   DFND 1 492,098 0 0
KELLOGG CO COM 487836108 2,499 38,850 SH   DFND 1 38,850 0 0
KEROS THERAPEUTICS INC COM 492327101 429 10,105 SH   DFND 1 10,105 0 0
KRAFT HEINZ CO COM 500754106 4,486 110,000 SH   DFND 1 110,000 0 0
LCNB CORP COM 50181P100 1,505 91,920 SH   DFND 1 91,920 0 0
LCNB CORP COM 50181P100 27 1,662 SH   DFND   1,662 0 0
LEGACY HOUSING CORP COM 52472M101 1,594 94,285 SH   DFND 1 94,285 0 0
MPLX LP COM UNIT REP LTD 55336V100 637 21,500 SH   DFND 1 21,500 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 734 15,000 SH   DFND 1 15,000 0 0
MOLSON COORS BEVERAGE CO CL B 60871R209 1,342 25,000 SH   DFND 1 25,000 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 3,857 350,000 SH   DFND 1 350,000 0 0
NEW YORK MTG TR INC NOTE 6.250% 1/1 649604AD7 3,783 3,750,000 PRN   DFND 1 3,750,000 0 0
NEW YORK MTG TR INC NOTE 6.250% 1/1 649604AD7 2,057 2,039,000 PRN   DFND   2,039,000 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 33,995 229,882 SH   DFND 1 229,882 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 1,863 12,600 SH   DFND   12,600 0 0
OMEROS CORP COM 682143102 951 64,113 SH   DFND 1 64,113 0 0
ONEOK INC NEW COM 682680103 779 14,000 SH   DFND 1 14,000 0 0
PENNYMAC CORP NOTE 5.500%11/0 70932AAD5 7,229 7,000,000 PRN   DFND 1 7,000,000 0 0
PHENIXFIN CORP COM 71742W103 2,203 54,003 SH   DFND 1 54,003 0 0
PHENIXFIN CORP COM 71742W103 421 10,324 SH   DFND   10,324 0 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 493 12,500 SH   DFND 1 12,500 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 4,686 412,500 SH   DFND 1 412,500 0 0
POTBELLY CORP COM 73754Y100 237 30,000 SH   DFND 1 30,000 0 0
POTBELLY CORP COM 73754Y100 553 70,000 SH   DFND   70,000 0 0
READY CAPITAL CORP COM 75574U101 3,937 248,085 SH   DFND 1 248,085 0 0
READY CAPITAL CORP COM 75574U101 2,191 138,035 SH   DFND   138,035 0 0
RELAY THERAPEUTICS INC COM 75943R102 274 7,484 SH   DFND 1 7,484 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 311 8,000 SH   DFND   8,000 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 263 6,500 SH   DFND   6,500 0 0
SELECT INTERIOR CONCEPTS INC CL A 816120307 5,687 605,053 SH   DFND 1 605,053 0 0
SELECT ENERGY SVCS INC CL A COM 81617J301 3,495 578,710 SH   DFND 1 578,710 0 0
SELECT ENERGY SVCS INC CL A COM 81617J301 1,441 238,652 SH   DFND   238,652 0 0
SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 822634101 199 13,500 SH   DFND 1 13,500 0 0
SUNOCO LP/SUNOCO FIN CORP COM UT REP LP 86765K109 566 15,000 SH   DFND 1 15,000 0 0
TPG SPECIALTY LENDING INC NOTE 4.500% 8/0 87265KAD4 5,853 5,000,000 PRN   DFND 1 5,000,000 0 0
TEGNA INC COM 87901J105 1,313 70,000 SH   DFND 1 70,000 0 0
TEGNA INC COM 87901J105 563 30,000 SH   DFND   30,000 0 0
TELOS CORP MD COM 87969B101 7,227 212,500 SH   DFND 1 212,500 0 0
TORTOISE ENERGY INFRA CORP COM 89147L886 3,633 126,225 SH   DFND 1 126,225 0 0
TORTOISE ENERGY INFRA CORP COM 89147L886 375 13,019 SH   DFND   13,019 0 0
TWO HBRS INVT CORP COM NEW 90187B408 2,960 391,542 SH   DFND 1 391,542 0 0
TWO HBRS INVT CORP COM NEW 90187B408 1,329 175,823 SH   DFND   175,823 0 0
TWO HBRS INVT CORP NOTE 6.250% 1/1 90187BAA9 13,968 13,750,000 PRN   DFND 1 13,750,000 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109 297 18,000 SH   DFND 1 18,000 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109 184 11,150 SH   DFND   11,150 0 0
VIATRIS INC COM 92556V106 715 50,000 SH   DFND 1 50,000 0 0
VIATRIS INC COM 92556V106 715 50,000 SH   DFND   50,000 0 0
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 958669103 407 19,000 SH   DFND 1 19,000 0 0
XPERI HOLDING CORP COM 98390M103 19,742 887,671 SH   DFND 1 887,671 0 0