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 249 25,000 SH   DFND   25,000 0 0
AMERANT BANCORP INC CL A 023576101 12,109 796,672 SH   DFND   796,672 0 0
AMERANT BANCORP INC CL B 023576200 838 72,083 SH   DFND   0 72,083 0
BRIGHTHOUSE FINL INC Common 10922N103 0 5 SH   DFND   5 0 0
CF BANKSHARES INC Common 12520L109 868 49,083 SH   DFND   49,083 0 0
CINCINNATI BANCORP INC Common 17187C102 3,337 279,274 SH   DFND   279,274 0 0
COMMUNITY FIRST BANCSHARES INC Common 20369M104 708 71,500 SH   DFND   71,500 0 0
DIREXION SHS ETF TR DLY FIN BULL NEW 25459Y694 608 10,000 SH   DFND   10,000 0 0
EASTERN BANKSHARES INC Common 27627N105 3,262 200,000 SH   DFND   200,000 0 0
ESSA BANCORP INC Common 29667D104 375 25,000 SH   DFND   25,000 0 0
FIRST BANCORP P R Common 318672706 7,935 860,580 SH   DFND   860,580 0 0
FFBW INC MD Common 30260M103 71 7,038 SH   DFND   7,038 0 0
FIRST SAVINGS FINL GROUP INC Common 33621E109 3,504 53,913 SH   DFND   53,913 0 0
FIRST SEACOAST BANCORP Common 33631P102 169 19,000 SH   DFND   19,000 0 0
FS BANCORP INC Common 30263Y104 4,110 75,000 SH   DFND   75,000 0 0
HARBORONE BANCORP INC NEW Common 41165Y100 303 27,883 SH   DFND   27,883 0 0
HMN FINL INC Common 40424G108 1,273 74,034 SH   DFND   74,034 0 0
HOME FED BANCORP INC LA NEW Common 43708L108 2,022 70,000 SH   DFND   70,000 0 0
ICC HLDGS INC Common 44931Q104 2,618 183,069 SH   DFND   183,069 0 0
IF BANCORP INC Common 44951J105 489 22,219 SH   DFND   22,219 0 0
KINGSWAY FINL SVCS INC Common 496904202 29,332 6,240,931 SH   DFND   6,240,931 0 0
LAKE SHORE BANCORP INC Common 510700107 3,810 293,064 SH   DFND   293,064 0 0
METLIFE INC Common 59156R108 3 60 SH   DFND   60 0 0
MID SOUTHERN BANCORP INC Common 59548Q107 1,814 125,865 SH   DFND   125,865 0 0
NI HLDGS INC Common 65342T106 2,420 147,364 SH   DFND   147,364 0 0
OFG BANCORP Common 67103X102 32,256 1,739,798 SH   DFND   1,739,798 0 0
PIONEER BANCORP INC Common 723561106 264 25,000 SH   DFND   25,000 0 0
POPULAR INC Common 733174700 1,126 20,000 SH   DFND   20,000 0 0
PRINCIPAL FINL GROUP INC Common 74251V102 27 547 SH   DFND   547 0 0
PROVIDENT BANCORP INC Common 74383L105 600 50,000 SH   DFND   50,000 0 0
RANDOLPH BANCORP INC Common 752378109 2,471 112,000 SH   DFND   112,000 0 0
RHINEBECK BANCORP INC Common 762093102 128 15,000 SH   DFND   15,000 0 0
RICHMOND MUT BANCORPORATIN INC Common 76525P100 410 30,000 SH   DFND   30,000 0 0
SOUND FINL BANCORP INC Common 83607A100 9,347 294,400 SH   DFND   294,400 0 0
UNITED BANCSHARES INC OHIO Common 909458101 288 11,315 SH   DFND   11,315 0 0
VERICITY INC Common 92347D100 63 6,280 SH   DFND   6,280 0 0
WHEELER REAL ESTATE INVT TR Common 963025705 3,272 1,181,336 SH   DFND   1,181,336 0 0