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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1895 BANCORP OF WIS INC COM 28253R105   409,000 50,000 SH   DFND   50,000 0 0
AFFINITY BANCSHARES INC COM 00832E103   1,374,608 64,840 SH   DFND   64,840 0 0
B. RILEY FINANCIAL INC COM 05580M108   88,200 5,000 SH   DFND   5,000 0 0
BV FINL INC COM NEW 05603E208   1,823,302 153,090 SH   DFND   153,090 0 0
CATALYST BANCORP INC COMMON STOCK 14888L101   463,096 39,991 SH   DFND   39,991 0 0
CENTRAL PLAINS BANCSHARES IN COM 15486W100   202,200 20,000 SH   DFND   20,000 0 0
CFSB BANCORP INC COM 12530C107   65,700 10,000 SH   DFND   10,000 0 0
CULLMAN BANCORP INC COM 230153108   257,250 25,000 SH   DFND   25,000 0 0
ECB BANCORP INC COM 26828M106   249,600 20,000 SH   DFND   20,000 0 0
ESSA BANCORP INC COM 29667D104   439,750 25,000 SH   DFND   25,000 0 0
FIRST SVGS FINL GROUP INC COM 33621E109   1,067,400 60,000 SH   DFND   60,000 0 0
FS BANCORP INC COM 30263Y104   4,191,750 115,000 SH   DFND   115,000 0 0
GENERATIONS BANCORP NY INC COM 37149G108   2,284,202 222,849 SH   DFND   222,849 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100   310,338 27,883 SH   DFND   27,883 0 0
HOME FED BANCORP INC LA NEW COM 43708L108   917,600 80,000 SH   DFND   80,000 0 0
ICC HLDGS INC COM 44931Q104   2,263 100 SH   DFND   100 0 0
IF BANCORP INC COM 44951J105   4,175,233 258,049 SH   DFND   258,049 0 0
KINGSWAY FINL SVCS INC COM NEW 496904202   60,362,342 7,325,527 SH   DFND   7,325,527 0 0
LAKE SHORE BANCORP INC COM 510700107   1,251,000 100,000 SH   DFND   100,000 0 0
MAGYAR BANCORP INC COM 55977T208   449,600 40,000 SH   DFND   40,000 0 0
METLIFE INC COM 59156R108   4,211 60 SH   DFND   60 0 0
NB BANCORP INC COM 63945M107   1,206,400 80,000 SH   DFND   80,000 0 0
NEW YORK CMNTY BANCORP INC COM 649445103   322,000 100,000 SH   DFND   100,000 0 0
NORTHEAST CMNTY BANCORP INC COM 664121100   2,494,800 140,000 SH   DFND   140,000 0 0
PB BANKSHARES INC COM 69318V103   387,600 27,431 SH   DFND   27,431 0 0
PONCE FINANCIAL GROUP INC COMMON STOCK 732344106   274,200 30,000 SH   DFND   30,000 0 0
PRINCIPAL FINANCIAL GROUP IN COM 74251V102   42,912 547 SH   DFND   547 0 0
PROVIDENT BANCORP INC COM NEW 74383L105   17,898,399 1,756,467 SH   DFND   1,756,467 0 0
RICHMOND MUT BANCORPORATION COM 76525P100   352,200 30,000 SH   DFND   30,000 0 0
SOUND FINL BANCORP INC COM 83607A100   17,630,817 410,019 SH   DFND   410,019 0 0
SR BANCORP INC COM 85227J106   370,000 40,000 SH   DFND   40,000 0 0
WHEELER REAL ESTATE INVT TR CV PFD SER B 963025309   1,838,441 817,085 SH   DFND   817,085 0 0
WHEELER REAL ESTATE INVT TR COM 963025861   4,388,716 282,596 SH   DFND   282,596 0 0
WHEELER REAL ESTATE INVT TR 7% SR NT 31 963025804   64,427,072 1,006,673 SH   DFND   1,006,673 0 0