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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
1895 BANCORP OF WIS INC COM 28253R105   341,000 50,000 SH   DFND   50,000 0 0
AFFINITY BANCSHARES INC COM 00832E103   1,073,102 64,840 SH   DFND   64,840 0 0
BV FINL INC COM NEW 05603E208   1,581,420 153,090 SH   DFND   153,090 0 0
CATALYST BANCORP INC COMMON STOCK 14888L101   473,893 39,991 SH   DFND   39,991 0 0
CENTRAL PLAINS BANCSHARES IN COM 15486W100   204,400 20,000 SH   DFND   20,000 0 0
CFSB BANCORP INC COM 12530C107   72,000 10,000 SH   DFND   10,000 0 0
CULLMAN BANCORP INC COM 230153108   248,750 25,000 SH   DFND   25,000 0 0
ECB BANCORP INC COM 26828M106   259,600 20,000 SH   DFND   20,000 0 0
ESSA BANCORP INC COM 29667D104   455,750 25,000 SH   DFND   25,000 0 0
FIRST SVGS FINL GROUP INC COM 33621E109   1,005,000 60,000 SH   DFND   60,000 0 0
FIRST SEACOAST BANCORP INC COM 33631F104   300,674 35,880 SH   DFND   35,880 0 0
FS BANCORP INC COM 30263Y104   3,991,650 115,000 SH   DFND   115,000 0 0
GENERATIONS BANCORP NY INC COM 37149G108   2,230,718 222,849 SH   DFND   222,849 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100   297,233 27,883 SH   DFND   27,883 0 0
HOME FED BANCORP INC LA NEW COM 43708L108   1,028,800 80,000 SH   DFND   80,000 0 0
ICC HLDGS INC COM 44931Q104   4,876,264 304,837 SH   DFND   304,837 0 0
IF BANCORP INC COM 44951J105   4,137,062 248,771 SH   DFND   248,771 0 0
KINGSWAY FINL SVCS INC COM NEW 496904202   61,928,895 7,425,527 SH   DFND   7,425,527 0 0
LAKE SHORE BANCORP INC COM 510700107   1,160,000 100,000 SH   DFND   100,000 0 0
MAGYAR BANCORP INC COM 55977T208   444,800 40,000 SH   DFND   40,000 0 0
MEDICAL PPTYS TRUST INC COM 58463J304   141,000 30,000 SH   DFND   30,000 0 0
METLIFE INC COM 59156R108   4,447 60 SH   DFND   60 0 0
NB BANCORP INC COM 63945M107   1,092,800 80,000 SH   DFND   80,000 0 0
NEW YORK CMNTY BANCORP INC COM 649445103   321,500 100,000 SH   DFND   100,000 0 0
NORTHEAST CMNTY BANCORP INC COM 664121100   2,595,450 165,000 SH   DFND   165,000 0 0
PB BANKSHARES INC COM 69318V103   353,860 27,431 SH   DFND   27,431 0 0
PONCE FINANCIAL GROUP INC COMMON STOCK 732344106   267,000 30,000 SH   DFND   30,000 0 0
PRINCIPAL FINANCIAL GROUP IN COM 74251V102   47,212 547 SH   DFND   547 0 0
PROVIDENT BANCORP INC COM NEW 74383L105   16,666,350 1,831,467 SH   DFND   1,831,467 0 0
RICHMOND MUT BANCORPORATION COM 76525P100   333,600 30,000 SH   DFND   30,000 0 0
SOUND FINL BANCORP INC COM 83607A100   16,683,673 410,019 SH   DFND   410,019 0 0
SR BANCORP INC COM 85227J106   377,600 40,000 SH   DFND   40,000 0 0
WHEELER REAL ESTATE INVT TR CV PFD SER B 963025309   1,324,413 817,085 SH   DFND   817,085 0 0
WHEELER REAL ESTATE INVT TR COM 963025887   5,324,242 33,912,371 SH   DFND   33,912,371 0 0
WHEELER REAL ESTATE INVT TR 7% SR NT 31 963025804   61,399,062 1,006,542 SH   DFND   1,006,542 0 0