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
ABERDEEN ASIA PACIFIC INCOM COM 003009107 846 202,283 SH   DFND   202,283 0 0
ACT II GLOBAL ACQUISITION CO UNIT 04/30/2026 G0080J112 506 50,000 SH   DFND   50,000 0 0
ADAM NAT RES FD INC COM 00548F105 2,111 127,600 SH Call DFND   127,600 0 0
ADAM NAT RES FD INC COM 00548F105 1,035 62,573 SH   DFND   62,573 0 0
AGBA ACQUISITION LTD UNIT 05/10/2024 G0120M133 508 50,691 SH   DFND   50,691 0 0
ALTAIR ENGR INC NOTE 0.250% 6/0 021369AA1 1,901 1,750,000 PRN   DFND   1,750,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 489 15,000 SH Put DFND   15,000 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 2,228 181,896 SH   DFND   181,896 0 0
ASA GOLD AND PRECIOUS MTLS L SHS G3156P103 4,166 364,154 SH   DFND   364,154 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 827 5,000 SH Put DFND   5,000 0 0
BEYOND MEAT INC COM 08862E109 707 4,400 SH Call DFND   4,400 0 0
BLACKROCK FLOATING RATE INCO COM 091941104 409 32,910 SH   DFND   32,910 0 0
BLINK CHARGING CO *W EXP 01/31/202 09354A118 30 60,430 SH   DFND   60,430 0 0
BLINK CHARGING CO COM 09354A100 150 55,800 SH Put DFND   55,800 0 0
BLINK CHARGING CO COM 09354A100 60 22,516 SH   DFND   22,516 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 889 19,600 SH   DFND   19,600 0 0
CAESARS ENTMT CORP COM 127686103 586 49,600 SH Call DFND   49,600 0 0
CAESARS ENTMT CORP NOTE 5.000%10/0 127686AA1 0 82 PRN   DFND   82 0 0
CARNIVAL PLC ADR 14365C103 1,596 35,256 SH   DFND   35,256 0 0
CHESAPEAKE ENERGY CORP NOTE 5.500% 9/1 165167CY1 984 1,233,000 PRN   DFND   1,233,000 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 1,759 2,400 SH Put DFND   2,400 0 0
CLOUDERA INC COM 18914U100 285 54,200 SH   DFND   54,200 0 0
CONSTELLIUM NV CL A N22035104 621 61,873 SH   DFND   61,873 0 0
CRAWFORD & CO CL B 224633107 246 26,376 SH   DFND   26,376 0 0
CRESCENT ACQUISITION CORP UNIT 99/99/9999 22564L204 439 43,700 SH   DFND   43,700 0 0
CROWN HOLDINGS INC COM 228368106 2,052 33,580 SH   DFND   33,580 0 0
DEL TACO RESTAURANTS INC *W EXP 06/30/202 245496112 710 330,046 SH   DFND   330,046 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 837 14,750 SH   DFND   14,750 0 0
ELECTRAMECCANICA VEHS CORP *W EXP 08/03/202 284849114 130 278,937 SH   DFND   278,937 0 0
ELECTRAMECCANICA VEHS CORP COM NEW 284849205 637 254,800 SH Put DFND   254,800 0 0
ELECTRAMECCANICA VEHS CORP COM NEW 284849205 61 24,350 SH   DFND   24,350 0 0
EXACT SCIENCES CORP NOTE 0.375% 3/1 30063PAB1 2,516 2,000,000 PRN   DFND   2,000,000 0 0
FALCON MINERALS CORP *W EXP 07/21/202 30607B208 155 162,841 SH   DFND   162,841 0 0
FIVE9 INC NOTE 0.125% 5/0 338307AB7 1,380 996,000 PRN   DFND   996,000 0 0
FOX CORP CL B COM 35137L204 1,727 47,266 SH   DFND   47,266 0 0
FREEPORT-MCMORAN INC CL B 35671D857 348 30,000 SH   DFND   30,000 0 0
GCP APPLIED TECHNOLOGIES INC COM 36164Y101 906 40,000 SH   DFND   40,000 0 0
GIGCAPITAL2 INC UNIT 02/28/2026 375036209 507 50,500 SH   DFND   50,500 0 0
GX ACQUISITION CORP UNIT 05/24/2026 36251A206 763 75,920 SH   DFND   75,920 0 0
HAYMAKER ACQUISITION CORP II UNIT 10/31/2026 42087L200 458 44,821 SH   DFND   44,821 0 0
HEICO CORP NEW CL A 422806208 294 2,840 SH   DFND   2,840 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 199 13,300 SH   DFND   13,300 0 0
HIGHLAND INCOME FUND HIGHLAND INCOME 43010E404 6,219 449,378 SH   DFND   449,378 0 0
HILTON GRAND VACATIONS INC COM 43283X105 1,105 34,730 SH   DFND   34,730 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 1,310 13,400 SH Put DFND   13,400 0 0
HOSTESS BRANDS INC *W EXP 11/04/202 44109J114 1,266 666,324 SH   DFND   666,324 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 1,784 137,580 SH   DFND   137,580 0 0
INTL PAPER CO COM 460146103 433 10,000 SH   DFND   10,000 0 0
INVESCO CURRENCYSHARES EURO EURO SHS 46138K103 8,889 82,100 SH Call DFND   82,100 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 389 34,810 SH   DFND   34,810 0 0
INVESCO SR INCOME TR COM 46131H107 536 124,115 SH   DFND   124,115 0 0
ISHARES TR 20 YR TR BD ETF 464287432 74,506 561,000 SH Put DFND   561,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 684 16,000 SH Call DFND   16,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 6,159 144,000 SH Put DFND   144,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 1,569 18,000 SH Call DFND   18,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 192,799 2,211,500 SH Put DFND   2,211,500 0 0
ISHARES TR JPMORGAN USD EMG 464288281 95,164 840,000 SH Put DFND   840,000 0 0
ISHARES TR JPMORGAN USD EMG 464288281 88,977 785,393 SH   DFND   785,393 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 4,845 31,159 SH   DFND   31,159 0 0
J2 GLOBAL INC NOTE 3.250% 6/1 48123VAC6 2,475 1,779,000 PRN   DFND   1,779,000 0 0
JAZZ INVESTMENTS I LTD NOTE 1.500% 8/1 472145AD3 890 900,000 PRN   DFND   900,000 0 0
LIBERTY TRIPADVISOR HLDGS IN COM SER A 531465102 367 29,600 SH   DFND   29,600 0 0
LOWES COS INC COM 548661107 1,171 11,600 SH Put DFND   11,600 0 0
LYFT INC CL A COM 55087P104 841 12,800 SH Put DFND   12,800 0 0
MAGNOLIA OIL & GAS CORP *W EXP 07/31/202 559663117 1,492 446,609 SH   DFND   446,609 0 0
MARRIOTT INTL INC NEW CL A 571903202 282 2,008 SH   DFND   2,008 0 0
MARRIOTT VACTINS WORLDWID CO COM 57164Y107 1,953 20,260 SH   DFND   20,260 0 0
MARRIOTT VACTINS WORLDWID CO NOTE 1.500% 9/1 57164YAB3 1,587 1,640,000 PRN   DFND   1,640,000 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 856 221,849 SH   DFND   221,849 0 0
MICROSOFT CORP COM 594918104 474 3,540 SH   DFND   3,540 0 0
NRC GROUP HLDGS CORP *W EXP 10/17/202 629375114 261 157,944 SH   DFND   157,944 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 442 55,840 SH   DFND   55,840 0 0
NUVEEN FLOATING RATE INCOME COM 67072T108 611 62,043 SH   DFND   62,043 0 0
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN100 535 54,930 SH   DFND   54,930 0 0
NXP SEMICONDUCTORS N V NOTE 1.000%12/0 62952QAB6 2,904 2,750,000 PRN   DFND   2,750,000 0 0
ONESPAWORLD HOLDINGS LIMITED COM P73684113 1,504 97,000 SH   DFND   97,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 237 15,252 SH   DFND   15,252 0 0
PGIM HIGH YIELD BOND FUND IN COM 69346H100 1,792 122,521 SH   DFND   122,521 0 0
REALPAGE INC COM 75606N109 909 15,445 SH   DFND   15,445 0 0
REPLAY ACQUISITION CORP UNIT 03/01/2024 G75130123 501 50,000 SH   DFND   50,000 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 1,683 24,200 SH Put DFND   24,200 0 0
SEAWORLD ENTMT INC COM 81282V100 1,048 33,800 SH   DFND   33,800 0 0
SHAKE SHACK INC CL A 819047101 1,957 27,100 SH Put DFND   27,100 0 0
SOHU COM LTD SPONSORED ADS 83410S108 390 27,885 SH   DFND   27,885 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 3,084 23,150 SH   DFND   23,150 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 365,371 1,247,000 SH Call DFND   1,247,000 0 0
STARBUCKS CORP COM 855244109 1,224 14,600 SH Put DFND   14,600 0 0
TOTAL S A SPONSORED ADS 89151E109 3,141 56,300 SH Call DFND   56,300 0 0
TWITTER INC NOTE 0.250% 6/1 90184LAF9 1,550 1,585,000 PRN   DFND   1,585,000 0 0
UBER TECHNOLOGIES INC COM 90353T100 645 13,900 SH Put DFND   13,900 0 0
UBS AG LONDON BRH ETRACS MTH 2XLV 90270L842 1,884 130,354 SH   DFND   130,354 0 0
UNITED STATES STL CORP NEW COM 912909108 1,761 115,000 SH Put DFND   115,000 0 0
UNIVAR INC COM 91336L107 520 23,600 SH   DFND   23,600 0 0
US FOODS HLDG CORP COM 912008109 1,201 33,585 SH   DFND   33,585 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 5,112 200,000 SH Call DFND   200,000 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 10,224 400,000 SH Put DFND   400,000 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 2,650 103,662 SH   DFND   103,662 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 3,056 87,422 SH   DFND   87,422 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 1,171 246,012 SH   DFND   246,012 0 0
WILLSCOT CORP COM 971375126 2,005 133,280 SH   DFND   133,280 0 0
XYNOMIC PHARMACUTCLS HLDNG I *W EXP 05/15/202 98421X110 21 101,533 SH   DFND   101,533 0 0
ZAYO GROUP HLDGS INC COM 98919V105 2,477 75,279 SH   DFND   75,279 0 0
ZILLOW GROUP INC NOTE 2.000%12/0 98954MAB7 1,698 1,500,000 PRN   DFND   1,500,000 0 0
ZIONS BANCORPORATION N A *W EXP 05/21/202 989701115 2,321 174,749 SH   DFND   174,749 0 0
ZIONS BANCORPORATION N A COM 989701107 1,379 30,000 SH Call DFND   30,000 0 0