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

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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
STEALTHGAS INC COM Y81669106 2,904 977,844 SH   SOLE 0 977,844 0 0
ALICO INC COM 016230104 2,232 78,000 SH   SOLE 0 78,000 0 0
BARNES & NOBLE ED INC COM 06777U101 3,741 1,450,000 SH   SOLE 0 1,450,000 0 0
CORNING INC COM 219350105 29,169 900,000 SH   SOLE 0 900,000 0 0
CORTEVA INC COM 22052L104 144 5,000 SH   SOLE 0 5,000 0 0
DUPONT DE NEMOURS INC COM 26614N102 1,110 20,000 SH   SOLE 0 20,000 0 0
EIGER BIOPHARMACEUTICALS INC COM 28249U105 977 120,000 SH   SOLE 0 120,000 0 0
ELEMENT SOLUTIONS INC COM 28618M106 263 25,000 SH   SOLE 0 25,000 0 0
FIVE POINT HOLDINGS LLC COM COM 33833Q106 83 20,000 SH   SOLE 0 20,000 0 0
GYRODYNE LLC COM 403829104 1,676 101,500 SH   SOLE 0 101,500 0 0
IMEDIA BRANDS INC COM COM 452465206 488 84,171 SH   SOLE 0 84,171 0 0
LANDS END INC NEW COM 51509F105 7,134 547,500 SH   SOLE 0 547,500 0 0
MACERICH CO COM COM 554382101 34 5,000 SH   SOLE 0 5,000 0 0
MACK CALI REALTY CORP COM 554489104 1,769 140,200 SH   SOLE 0 140,200 0 0
MEDIACO HLDG INC COM 58450D104 13 5,000 SH   SOLE 0 5,000 0 0
REALNETWORKS INC COM 75605L708 92 75,000 SH   SOLE 0 75,000 0 0
SAGA COMMUNICATIONS INC COM 786598300 23,260 1,170,000 SH   SOLE 0 1,170,000 0 0
TAUBMAN CENTERS INC COM 876664103 446 13,400 SH   SOLE 0 13,400 0 0
TEJON RANCH CO COM 879080109 53,522 3,782,503 SH   SOLE 0 3,782,503 0 0
WALGREENS BOOTS ALLIANCE INC COM COM 931427108 1,257 35,000 SH   SOLE 0 35,000 0 0