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 95 10,000 SH   DFND   10,000 0 0
ALCENTRA CAP CORP Common 01374T102 9,230 1,101,491 SH   DFND   1,101,491 0 0
AMERANT BANCORP INC CL A 023576101 17,361 880,814 SH   DFND   880,814 0 0
BANCORP 34 INC Common 05970V106 2,306 149,181 SH   DFND   149,181 0 0
BRIGHTHOUSE FINL INC COM Common 10922N103 0 5 SH   DFND   5 0 0
CBM BANCORP INC Common 1248XT104 414 30,000 SH   DFND   30,000 0 0
COLUMBIA FINL INC Common 197641103 831 55,000 SH   DFND   55,000 0 0
COMMUNITY WEST BANCSHARES Common 204157101 366 37,900 SH   DFND   37,900 0 0
ESSA BANCORP INC Common 29667D104 381 25,000 SH   DFND   25,000 0 0
FIRST BANCORP P R Common 318672706 3,864 350,000 SH   DFND   350,000 0 0
FFBW INC Common 30258M107 63 6,000 SH   DFND   6,000 0 0
FIRST NORTHWEST BANCORP Common 335834107 325 20,000 SH   DFND   20,000 0 0
FIRST SAVINGS FINL GROUP INC Common 33621E109 1,200 20,000 SH   DFND   20,000 0 0
FS BANCORP INC Common 30263Y104 7,945 153,170 SH   DFND   153,170 0 0
GARRISON CAPITAL INC Common 366554103 1,975 286,184 SH   DFND   286,184 0 0
GREAT ELM CAP CORP Common 390320109 156 17,920 SH   DFND   17,920 0 0
HOME FED BANCORP INC LA NEW Common 43708L108 2,328 70,000 SH   DFND   70,000 0 0
HOPFED BANCORP INC Common 439734104 11,897 627,128 SH   DFND   627,128 0 0
ICC HLDGS INC Common 44931Q104 347 25,000 SH   DFND   25,000 0 0
IF BANCORP INC Common 44951J105 4,614 220,644 SH   DFND   220,644 0 0
KINGSWAY FINL SVCS INC Common 496904202 13,315 5,434,896 SH   DFND   5,434,896 0 0
LAKE SHORE BANCORP INC Common 510700107 4,281 286,364 SH   DFND   286,364 0 0
MELROSE BANCORP INC Common 585553100 541 30,000 SH   DFND   30,000 0 0
METLIFE INC Common 59156R108 3 60 SH   DFND   60 0 0
MID SOUTHERN BANCORP INC Common 59548Q107 1,587 125,865 SH   DFND   125,865 0 0
MVC CAPITAL INC Common 553829102 3,087 335,133 SH   DFND   335,133 0 0
NI HLDGS INC Common 65342T106 2,595 147,364 SH   DFND   147,364 0 0
OCONEE FED FINL CORP Common 675607105 1,779 77,500 SH   DFND   77,500 0 0
OFG BANCORP Common 67103X102 49,080 2,064,798 SH   DFND   2,064,798 0 0
OTTAWA BANCORP INC Common 689195105 668 51,208 SH   DFND   51,208 0 0
POPULAR INC Common 733174700 1,085 20,000 SH   DFND   20,000 0 0
PRINCIPAL FINL GROUP INC Common 74251V102 32 547 SH   DFND   547 0 0
RHINEBECK BANCORP INC Common 762093102 165 15,000 SH   DFND   15,000 0 0
SOUND FINL BANCORP INC Common 83607A100 7,329 214,600 SH   DFND   214,600 0 0
STANDARD AVB FINL CORP Common 85303B100 1,476 53,779 SH   DFND   53,779 0 0
THL CREDIT INC Common 872438106 3,231 486,612 SH   DFND   486,612 0 0
WCF BANCORP INC Common 92940L103 277 33,957 SH   DFND   33,957 0 0
WELLESLEY BANCORP INC Common 949485106 1,721 52,775 SH   DFND   52,775 0 0
WHEELER REAL ESTATE INVT TR Common 963025705 1,226 882,099 SH   DFND   882,099 0 0
WHEELER REAL ESTATE INVT TR PFD PFD CNV SER D 963025606 752 49,967 SH   DFND   49,967 0 0