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
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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
ADVANCE AUTO PARTS INC COM 00751Y106 BBG001SD2SB2 399,923 4,700 SH   SOLE   4,700 0 0
AGNC INVT CORP COM 00123Q104 BBG001T074G2 3,564,000 360,000 SH   SOLE   360,000 0 0
AGNICO EAGLE MINES LTD COM 008474108 BBG001S77MK3 366,848 6,150 SH   SOLE   6,150 0 0
ALCOA CORP COM 013872106 BBG00B3T3HF1 236,530 7,000 SH   SOLE   7,000 0 0
ANNALY CAPITAL MANAGEMENT IN COM NEW 035710839 BBG001S8J4S0 3,496,708 177,588 SH   SOLE   177,588 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 BBG001V0XGV6 255,760 23,000 SH   SOLE   23,000 0 0
ARMOUR RESIDENTIAL REIT INC COM SHS 042315705 BBG001SRBTG4 3,440,969 174,050 SH   SOLE   174,050 0 0
ATRION CORP COM 049904105 BBG001S8VWL1 440,373 950 SH   SOLE   950 0 0
BARRICK GOLD CORP COM 067901108 BBG001S5N9P3 317,824 19,100 SH   SOLE   19,100 0 0
BAXTER INTL INC COM 071813109 BBG001S5P1K3 337,646 7,900 SH   SOLE   7,900 0 0
BRADY CORP CL A 104674106 BBG001S5PCB9 216,965 3,660 SH   SOLE   3,660 0 0
CARDLYTICS INC NOTE 1.000% 9/1 14161WAB1 BBG00XH48CJ5 457,245 500,000 PRN   SOLE   500,000 0 0
COMMUNITY HEALTHCARE TR INC COM 20369C106 BBG008G2P3N1 219,038 8,250 SH   SOLE   8,250 0 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 BBG001S5PYN8 243,544 71,004 SH   SOLE   71,004 0 0
CONMED CORP NOTE 2.250% 6/1 207410AH4 BBG017Y3WXZ3 460,119 500,000 PRN   SOLE   500,000 0 0
CRACKER BARREL OLD CTRY STOR NOTE 0.625% 6/1 22410JAB2 BBG011F6J0D1 1,099,610 1,250,000 PRN   SOLE   1,250,000 0 0
DELEK US HLDGS INC NEW COM 24665A103 BBG00FZYFVD4 353,510 11,500 SH   SOLE   11,500 0 0
DEVON ENERGY CORP NEW COM 25179M103 BBG001S63VG4 449,111 8,950 SH   SOLE   8,950 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 BBG001S5QNR7 232,104 2,400 SH   SOLE   2,400 0 0
EURONET WORLDWIDE INC NOTE 0.750% 3/1 298736AL3 BBG00NKZLB01 711,812 734,000 PRN   SOLE   734,000 0 0
EVOLUTION PETE CORP COM 30049A107 BBG001S7PJP5 265,052 43,168 SH   SOLE   43,168 0 0
FIRSTENERGY CORP COM 337932107 BBG001S5R3N4 222,451 5,760 SH   SOLE   5,760 0 0
FUTUREFUEL CORP COM 36116M106 BBG001SNX0W4 591,289 73,452 SH   SOLE   73,452 0 0
GILDAN ACTIVEWEAR INC COM 375916103 BBG001S7JJL6 222,780 6,000 SH   SOLE   6,000 0 0
H & E EQUIPMENT SERVICES INC COM 404030108 BBG001SKSFQ0 507,022 7,900 SH   SOLE   7,900 0 0
HALOZYME THERAPEUTICS INC NOTE 0.250% 3/0 40637HAD1 BBG00ZFDCBK7 1,376,230 1,555,000 PRN   SOLE   1,555,000 0 0
HEALTHCARE SVCS GROUP INC COM 421906108 BBG001S5RTV8 346,570 27,770 SH   SOLE   27,770 0 0
HF SINCLAIR CORP COM 403949100 BBG0135B2269 486,280 8,055 SH   SOLE   8,055 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 BBG001V0PDL3 447,406 1,535 SH   SOLE   1,535 0 0
INTERDIGITAL INC COM 45867G101 BBG001S8DV79 681,344 6,400 SH   SOLE   6,400 0 0
INTERNATIONAL PAPER CO COM 460146103 BBG001S5SBF4 253,630 6,500 SH   SOLE   6,500 0 0
IONIS PHARMACEUTICALS INC NOTE 0.125%12/1 462222AB6 BBG00R3L6254 2,601,950 2,756,000 PRN   SOLE   2,756,000 0 0
ISHARES TR PFD AND INCM SEC 464288687 BBG001SNVWC8 3,135,979 97,300 SH   SOLE   97,300 0 0
KEURIG DR PEPPER INC COM 49271V100 BBG001ST5W34 214,690 7,000 SH   SOLE   7,000 0 0
KRAFT HEINZ CO COM 500754106 BBG005CPNTR1 221,400 6,000 SH   SOLE   6,000 0 0
LENDINGTREE INC NOTE 0.500% 7/1 52603BAD9 BBG00W6WLPH5 463,657 500,000 PRN   SOLE   500,000 0 0
LUXFER HLDGS PLC SHS G5698W116 BBG0029SH121 160,735 15,500 SH   SOLE   15,500 0 0
M & T BK CORP COM 55261F104 BBG001S7S2B4 247,248 1,700 SH   SOLE   1,700 0 0
MARKETWISE INC COM CL A 57064P107 BBG00VWBGV05 142,725 82,500 SH   SOLE   82,500 0 0
MEDTRONIC PLC SHS G5960L103 BBG001S5T2S9 235,305 2,700 SH   SOLE   2,700 0 0
MOSAIC CO NEW COM 61945C103 BBG001S7LJN1 227,220 7,000 SH   SOLE   7,000 0 0
MPLX LP COM UNIT REP LTD 55336V100 BBG0035TJHL3 509,941 12,270 SH   SOLE   12,270 0 0
NATIONAL PRESTO INDS INC COM 637215104 BBG001S5TPT7 456,710 5,450 SH   SOLE   5,450 0 0
NORTHERN TECHNOLOGIES INTL C COM 665809109 BBG001S7DDP1 320,917 23,860 SH   SOLE   23,860 0 0
OPERA LTD SPONSORED ADS 68373M107 BBG00LBLDJ80 521,730 33,000 SH   SOLE   33,000 0 0
ORGANON & CO COMMON STOCK 68622V106 BBG00ZQRGW42 444,620 23,650 SH   SOLE   23,650 0 0
PARK AEROSPACE CORP COM 70014A104 BBG001S5V732 243,546 14,645 SH   SOLE   14,645 0 0
PERRIGO CO PLC SHS G97822103 BBG001S704D8 251,082 7,800 SH   SOLE   7,800 0 0
PHATHOM PHARMACEUTICALS INC COM 71722W107 BBG00P5B2S73 666,957 62,802 SH   SOLE   62,802 0 0
PREMIER INC CL A 74051N102 BBG001SJLD58 221,000 10,000 SH   SOLE   10,000 0 0
REPOSITRAK INC COM NEW 700215304 BBG001SK6032 430,581 27,166 SH   SOLE   27,166 0 0
RICHARDSON ELECTRS LTD COM 763165107 BBG001S5VMS2 559,821 60,784 SH   SOLE   60,784 0 0
SELECT WATER SOLUTIONS INC CL A COM 81617J301 BBG00G4Y2F27 499,343 54,100 SH   SOLE   54,100 0 0
SMUCKER J M CO COM NEW 832696405 BBG001S5W3H5 229,713 1,825 SH   SOLE   1,825 0 0
TURNING PT BRANDS INC NOTE 2.500% 7/1 90041LAE5 BBG00PT90S83 1,221,972 1,250,000 PRN   SOLE   1,250,000 0 0
UTAH MED PRODS INC COM 917488108 BBG001S6PWD1 917,177 12,898 SH   SOLE   12,898 0 0
VALHI INC NEW COM 918905209 BBG001S5X7H5 173,879 10,121 SH   SOLE   10,121 0 0
VANECK ETF TRUST JP MRGAN EM LOC 92189H300 BBG001T9BPT7 441,180 18,000 SH   SOLE   18,000 0 0
VERINT SYSTEMS INC NOTE 0.250% 4/1 92343XAC4 BBG00ZXN23R7 469,316 500,000 PRN   SOLE   500,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 BBG001S5XBY7 334,026 15,400 SH   SOLE   15,400 0 0
YORK WTR CO COM 987184108 BBG001S6YWZ7 272,025 7,500 SH   SOLE   7,500 0 0
WELLS FARGO CO NEW PERP PFD CNV A 949746804 BBG000001Y75 7,316,100 6,000 SH   SOLE   6,000 0 0