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
1895 BANCORP OF WIS INC Common 28252W105 98 10,000 SH   DFND   10,000 0 0
ALCENTRA CAP CORP Common 01374T102 8,261 1,101,491 SH   DFND   1,101,491 0 0
BANCORP 34 INC Common 05970V106 2,262 149,181 SH   DFND   149,181 0 0
BRIGHTHOUSE FINL INC Common 10922N103 0 5 SH   DFND   5 0 0
CARTER BK & TR MARTINSVILLE Common 146102108 1,185 61,762 SH   DFND   61,762 0 0
CBM BANCORP INC Common 1248XT104 389 30,000 SH   DFND   30,000 0 0
COLUMBIA FINL INC Common 197641103 862 55,000 SH   DFND   55,000 0 0
COMMUNITY WEST BANCSHARES Common 204157101 386 37,900 SH   DFND   37,900 0 0
ESSA BANCORP INC Common 29667D104 385 25,000 SH   DFND   25,000 0 0
FFBW INC Common 30258M107 65 6,000 SH   DFND   6,000 0 0
FIRST NORTHWEST BANCORP Common 335834107 311 20,000 SH   DFND   20,000 0 0
FIRST SAVINGS FINL GROUP INC Common 33621E109 1,081 20,000 SH   DFND   20,000 0 0
FS BANCORP INC Common 30263Y104 7,732 153,170 SH   DFND   153,170 0 0
GARRISON CAPITAL INC Common 366554103 1,035 144,179 SH   DFND   144,179 0 0
GREAT ELM CAP CORP Common 390320109 148 17,920 SH   DFND   17,920 0 0
HAMILTON BANCORP INC MD Common 407015106 4,943 331,721 SH   DFND   331,721 0 0
HOME FED BANCORP INC LA NEW Common 43708L108 2,237 70,000 SH   DFND   70,000 0 0
HOPFED BANCORP INC Common 439734104 12,354 627,128 SH   DFND   627,128 0 0
ICC HLDGS INC Common 44931Q104 338 25,000 SH   DFND   25,000 0 0
IF BANCORP INC Common 44951J105 4,397 220,644 SH   DFND   220,644 0 0
KINGSWAY FINL SVCS INC Common 496904202 16,848 5,434,896 SH   DFND   5,434,896 0 0
LAKE SHORE BANCORP INC Common 510700107 4,525 286,364 SH   DFND   286,364 0 0
MELROSE BANCORP INC Common 585553100 566 30,000 SH   DFND   30,000 0 0
MERCANTIL BANK HOLDING CORP Common 58734F305 13,021 934,722 SH   DFND   934,722 0 0
METLIFE INC Common 59156R108 1 60 SH   DFND   60 0 0
MID SOUTHERN BANCORP INC Common 59548Q107 1,565 125,865 SH   DFND   125,865 0 0
MVC CAPITAL INC Common 553829102 3,040 335,133 SH   DFND   335,133 0 0
NI HLDGS INC Common 65342T106 2,358 147,364 SH   DFND   147,364 0 0
OCONEE FED FINL CORP Common 675607105 2,016 77,500 SH   DFND   77,500 0 0
OFG BANCORP Common 67103X102 41,320 2,087,898 SH   DFND   2,087,898 0 0
OTTAWA BANCORP INC Common 689195105 680 51,208 SH   DFND   51,208 0 0
POPULAR INC Common 733174700 1,043 20,000 SH   DFND   20,000 0 0
PRINCIPAL FINL GROUP INC Common 74251V102 27 547 SH   DFND   547 0 0
RHINEBECK BANCORP INC Common 762093102 180 15,000 SH   DFND   15,000 0 0
SOUND FINL BANCORP INC Common 83607A100 7,286 214,600 SH   DFND   214,600 0 0
STANDARD AVB FINL CORP Common 85303B100 1,695 62,837 SH   DFND   62,837 0 0
THL CREDIT INC Common 872438106 2,170 330,819 SH   DFND   330,819 0 0
WCF BANCORP INC Common 92940L103 280 33,957 SH   DFND   33,957 0 0
WELLESLEY BANCORP INC Common 949485106 1,611 52,775 SH   DFND   52,775 0 0
WHEELER REAL ESTATE INVT TR Common 963025705 1,314 882,099 SH   DFND   882,099 0 0
WHEELER REAL ESTATE INVT TR PFD CNV SER D 963025606 701 49,967 SH   DFND   49,967 0 0