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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
INVESCO LTD SHS G491BT108   4,371 245,000 SH   DFND 1 245,000 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128   918 125,000 SH   DFND 1 125,000 0 0
AST SPACEMOBILE INC COM CL A 00217D100   1,645 272,727 SH   DFND 1 272,727 0 0
ALLIANCE RESOURCE PARTNERS L UT LTD PART 01877R108   530 25,000 SH   DFND 1 25,000 0 0
ALTENERGY ACQUISITION CORP COM CL A 02157M108   5,445 500,000 SH   DFND 1 500,000 0 0
KINETIK HOLDINGS INC COM NEW CL A 02215L209   434 13,000 SH   DFND 1 13,000 0 0
AMERICAN EAGLE OUTFITTERS IN COM 02553E106   5,713 270,000 SH   DFND 1 270,000 0 0
AMERICAN WOODMARK CORPORATIO COM 030506109   5,325 57,354 SH   DFND 1 57,354 0 0
ALBERTSONS COS INC COMMON STOCK 013091103   18,096 786,786 SH   DFND 1 786,786 0 0
ANTERO MIDSTREAM CORP COM 03676B102   263 21,000 SH   DFND 1 21,000 0 0
APOLLO COML REAL EST FIN INC COM 03762U105   993 84,600 SH   DFND 1 84,600 0 0
APOLLO COML REAL EST FIN INC COM 03762U105   241 20,554 SH   DFND   20,554 0 0
ARBOR REALTY TRUST INC NOTE 7.500% 8/0 038923BA5   7,147 7,040,000 PRN   DFND 1 7,040,000 0 0
ARBOR REALTY TRUST INC NOTE 7.500% 8/0 038923BA5   1,015 1,000,000 PRN   DFND   1,000,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203   3,785 133,333 SH   DFND 1 133,333 0 0
AUGMEDIX INC COM 05105P107   2,925 500,000 SH   DFND 1 500,000 0 0
BM TECHNOLOGIES INC CL A COM 05591L107   105 51,262 SH   DFND 1 51,262 0 0
BIOLIFE SOLUTIONS INC COM NEW 09062W204   502 30,918 SH   DFND 1 30,918 0 0
ONCONETIX INC COM 09610B108   285 1,440,927 SH   DFND 1 1,440,927 0 0
BRIGHTHOUSE FINL INC COM 10922N103   548 10,363 SH   DFND 1 10,363 0 0
BRIGHTHOUSE FINL INC COM 10922N103   53 999 SH   DFND   999 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108   1,539 30,000 SH   DFND 1 30,000 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108   1,539 30,000 SH   DFND   30,000 0 0
CAPITOL FED FINL INC COM 14057J101   232 36,000 SH   DFND 1 36,000 0 0
CITIGROUP INC COM NEW 172967424   15,844 308,000 SH   DFND 1 308,000 0 0
CITIGROUP INC COM NEW 172967424   360 7,000 SH   DFND   7,000 0 0
CLIPPER RLTY INC COM 18885T306   2,009 372,044 SH   DFND 1 372,044 0 0
COGNITION THERAPEUTICS INC COM 19243B102   379 205,000 SH   DFND 1 205,000 0 0
COMCAST CORP NEW CL A 20030N101   9,077 207,000 SH   DFND 1 207,000 0 0
CONOCOPHILLIPS COM 20825C104   812 7,000 SH   DFND   7,000 0 0
CROSSAMERICA PARTNERS LP UT LTD PTN INT 22758A105   308 13,500 SH   DFND 1 13,500 0 0
CURIOSITYSTREAM INC COM CL A 23130Q107   15 27,932 SH   DFND 1 27,932 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   1,046 59,628 SH   DFND 1 59,628 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   76 4,308 SH   DFND   4,308 0 0
ELLINGTON FINANCIAL INC COM 28852N109   879 69,166 SH   DFND 1 69,166 0 0
ELLINGTON FINANCIAL INC COM 28852N109   392 30,834 SH   DFND   30,834 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   5,155 373,520 SH   DFND 1 373,520 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   1,068 77,376 SH   DFND   77,376 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107   6,719 255,000 SH   DFND 1 255,000 0 0
EOS ENERGY ENTERPRISES INC COM CL A 29415C101   2,158 1,979,620 SH   DFND 1 1,979,620 0 0
FRANKLIN RESOURCES INC COM 354613101   1,893 63,550 SH   DFND 1 63,550 0 0
FRANKLIN RESOURCES INC COM 354613101   1,656 55,600 SH   DFND   55,600 0 0
FULL HSE RESORTS INC COM 359678109   190 35,331 SH   DFND 1 35,331 0 0
GENERAL MTRS CO COM 37045V100   4,882 135,920 SH   DFND 1 135,920 0 0
GENERAL MTRS CO COM 37045V100   1,943 54,080 SH   DFND   54,080 0 0
GLOBAL PARTNERS LP COM UNITS 37946R109   740 17,500 SH   DFND 1 17,500 0 0
GRANITE PT MTG TR INC COM STK 38741L107   233 39,231 SH   DFND 1 39,231 0 0
GRANITE PT MTG TR INC COM STK 38741L107   248 41,790 SH   DFND   41,790 0 0
GRAY TELEVISION INC COM 389375106   4,571 510,202 SH   DFND 1 510,202 0 0
GRAY TELEVISION INC COM 389375106   269 30,000 SH   DFND   30,000 0 0
HESS MIDSTREAM LP CL A SHS 428103105   664 21,000 SH   DFND 1 21,000 0 0
IHEARTMEDIA INC COM CL A 45174J509   433 162,091 SH   DFND 1 162,091 0 0
JOURNEY MED CORP COM 48115J109   1,037 180,000 SH   DFND 1 180,000 0 0
KELLANOVA COM 487836108   2,172 38,850 SH   DFND 1 38,850 0 0
KEROS THERAPEUTICS INC COM 492327101   402 10,105 SH   DFND 1 10,105 0 0
KRAFT HEINZ CO COM 500754106   4,068 110,000 SH   DFND 1 110,000 0 0
LCNB CORP COM 50181P100   1,450 91,920 SH   DFND 1 91,920 0 0
LCNB CORP COM 50181P100   26 1,662 SH   DFND   1,662 0 0
LIFEMD INC COM 53216B104   2,819 340,000 SH   DFND 1 340,000 0 0
MFA FINL INC NOTE 6.250% 6/1 55272XAA0   8,874 8,969,000 PRN   DFND 1 8,969,000 0 0
MFA FINL INC NOTE 6.250% 6/1 55272XAA0   3,957 4,000,000 PRN   DFND   4,000,000 0 0
MPLX LP COM UNIT REP LTD 55336V100   918 25,000 SH   DFND 1 25,000 0 0
MOLSON COORS BEVERAGE CO CL B 60871R209   1,530 25,000 SH   DFND 1 25,000 0 0
NEXSTAR MEDIA GROUP INC COMMON STOCK 65336K103   33,683 214,882 SH   DFND 1 214,882 0 0
NEXSTAR MEDIA GROUP INC COMMON STOCK 65336K103   1,975 12,600 SH   DFND   12,600 0 0
NEXTNAV INC COMMON STOCK 65345N106   2,225 500,000 SH   DFND 1 500,000 0 0
NUSTAR ENERGY LP UNIT COM 67058H102   187 10,000 SH   DFND 1 10,000 0 0
OMEROS CORP COM 682143102   210 64,113 SH   DFND 1 64,113 0 0
ONEOK INC NEW COM 682680103   1,768 25,172 SH   DFND 1 25,172 0 0
PENNYMAC CORP NOTE 5.500%11/0 70932AAD5   6,839 7,000,000 PRN   DFND 1 7,000,000 0 0
PHENIXFIN CORP COM 71742W103   2,281 54,003 SH   DFND 1 54,003 0 0
PHENIXFIN CORP COM 71742W103   436 10,324 SH   DFND   10,324 0 0
PHILLIPS 66 COM 718546104   832 6,250 SH   DFND 1 6,250 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105   6,249 412,500 SH   DFND 1 412,500 0 0
POTBELLY CORP COM 73754Y100   313 30,000 SH   DFND 1 30,000 0 0
POTBELLY CORP COM 73754Y100   729 70,000 SH   DFND   70,000 0 0
PRECIGEN INC COM 74017N105   89 66,114 SH   DFND 1 66,114 0 0
READY CAPITAL CORP COM 75574U101   2,543 248,085 SH   DFND 1 248,085 0 0
READY CAPITAL CORP COM 75574U101   1,415 138,035 SH   DFND   138,035 0 0
SHELL PLC SPON ADS 780259305   954 14,500 SH   DFND   14,500 0 0
SELECT WATER SOLUTIONS INC CL A COM 81617J301   2,094 275,899 SH   DFND 1 275,899 0 0
SINCLAIR INC CL A 829242106   8,579 658,420 SH   DFND 1 658,420 0 0
SUNOCO LP/SUNOCO FIN CORP COM UT REP LP 86765K109   929 15,500 SH   DFND 1 15,500 0 0
TALOS ENERGY INC COM 87484T108   21,169 1,487,637 SH   DFND 1 1,487,637 0 0
TEGNA INC COM 87901J105   1,071 70,000 SH   DFND 1 70,000 0 0
TEGNA INC COM 87901J105   459 30,000 SH   DFND   30,000 0 0
TORTOISE ENERGY INFRA CORP COM 89147L886   2,871 99,807 SH   DFND 1 99,807 0 0
TORTOISE ENERGY INFRA CORP COM 89147L886   296 10,295 SH   DFND   10,295 0 0
TWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 90187BAB7   3,699 4,000,000 PRN   DFND 1 4,000,000 0 0
TWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 90187BAB7   1,850 2,000,000 PRN   DFND   2,000,000 0 0
TWO HBRS INVT CORP COM 90187B804   0 1 SH   DFND 1 1 0 0
TWO HBRS INVT CORP COM 90187B804   194 13,898 SH   DFND   13,898 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109   548 24,000 SH   DFND 1 24,000 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109   255 11,150 SH   DFND   11,150 0 0
VIATRIS INC COM 92556V106   542 50,000 SH   DFND 1 50,000 0 0
VIATRIS INC COM 92556V106   542 50,000 SH   DFND   50,000 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   7,188 631,665 SH   DFND 1 631,665 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   341 30,000 SH   DFND   30,000 0 0
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 958669103   732 25,000 SH   DFND 1 25,000 0 0
XPERI INC COMMON STOCK 98423J101   893 81,071 SH   DFND 1 81,071 0 0