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
DEUTSCHE BANK A G NAMEN AKT D18190898 490 66,168 SH   DFND 1 66,168 0 0
DEUTSCHE BANK A G NAMEN AKT D18190898 456 61,631 SH   DFND   61,631 0 0
INVESCO LTD SHS G491BT108 3,356 245,000 SH   DFND 1 245,000 0 0
SIGNET JEWELERS LIMITED SHS G81276100 12,582 220,000 SH   DFND 1 220,000 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 769 125,000 SH   DFND 1 125,000 0 0
ACUTUS MED INC COM 005111109 264 299,995 SH   DFND 1 299,995 0 0
KINETIK HOLDINGS INC COM NEW CL A 02215L209 228 7,000 SH   DFND 1 7,000 0 0
AMERICAN EAGLE OUTFITTERS IN COM 02553E106 2,627 270,000 SH   DFND 1 270,000 0 0
AMERICAN WOODMARK CORPORATIO COM 030506109 4,689 106,917 SH   DFND 1 106,917 0 0
ANTERO MIDSTREAM CORP COM 03676B102 193 21,000 SH   DFND 1 21,000 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 702 84,600 SH   DFND 1 84,600 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 171 20,554 SH   DFND   20,554 0 0
ARBOR REALTY TRUST INC NOTE 4.750%11/0 038923AP3 4,942 5,000,000 PRN   DFND 1 5,000,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 2,655 133,333 SH   DFND 1 133,333 0 0
ARLINGTON ASSET INVST CORP CL A NEW 041356205 1,736 638,342 SH   DFND 1 638,342 0 0
ARLINGTON ASSET INVST CORP CL A NEW 041356205 1,307 480,506 SH   DFND   480,506 0 0
AUDACY INC CL A 05070N103 91 235,834 SH   DFND 1 235,834 0 0
AUGMEDIX INC COM 05105P107 725 500,000 SH   DFND 1 500,000 0 0
BM TECHNOLOGIES INC CL A COM 05591L107 343 51,262 SH   DFND 1 51,262 0 0
BARCLAYS PLC ADR 06738E204 1,286 201,000 SH   DFND 1 201,000 0 0
BARCLAYS PLC ADR 06738E204 1,107 173,000 SH   DFND   173,000 0 0
BIOLIFE SOLUTIONS INC COM NEW 09062W204 599 26,316 SH   DFND 1 26,316 0 0
BLACKSTONE MORTGAGE TRUST IN NOTE 4.750% 3/1 09257WAC4 1,466 1,500,000 PRN   DFND 1 1,500,000 0 0
BLACKSTONE MORTGAGE TRUST IN NOTE 4.750% 3/1 09257WAC4 489 500,000 PRN   DFND   500,000 0 0
BLUE WATER VACCINES INC COM 09610B108 781 456,911 SH   DFND 1 456,911 0 0
BRIGHTHOUSE FINL INC COM 10922N103 450 10,363 SH   DFND 1 10,363 0 0
BRIGHTHOUSE FINL INC COM 10922N103 43 999 SH   DFND   999 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 2,133 30,000 SH   DFND 1 30,000 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 2,133 30,000 SH   DFND   30,000 0 0
CAPITOL FED FINL INC COM 14057J101 299 36,000 SH   DFND 1 36,000 0 0
CITIGROUP INC COM NEW 172967424 12,834 308,000 SH   DFND 1 308,000 0 0
CITIGROUP INC COM NEW 172967424 292 7,000 SH   DFND   7,000 0 0
CLIPPER RLTY INC COM 18885T306 2,593 372,044 SH   DFND 1 372,044 0 0
COGNITION THERAPEUTICS INC COM 19243B102 389 205,000 SH   DFND 1 205,000 0 0
COMCAST CORP NEW CL A 20030N101 6,071 207,000 SH   DFND 1 207,000 0 0
CONOCOPHILLIPS COM 20825C104 716 7,000 SH   DFND   7,000 0 0
CONSOLIDATED COMM HLDGS INC COM 209034107 2,466 592,877 SH   DFND   592,877 0 0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD PARTNER 226344208 375 13,500 SH   DFND 1 13,500 0 0
CROSSAMERICA PARTNERS LP UT LTD PTN INT 22758A105 215 11,500 SH   DFND 1 11,500 0 0
CURIOSITYSTREAM INC COM CL A 23130Q107 41 27,932 SH   DFND 1 27,932 0 0
DCP MIDSTREAM LP COM UT LTD PTN 23311P100 376 10,000 SH   DFND 1 10,000 0 0
DT MIDSTREAM INC COMMON STOCK 23345M107 259 5,000 SH   DFND 1 5,000 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603 746 59,628 SH   DFND 1 59,628 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603 54 4,308 SH   DFND   4,308 0 0
DISH NETWORK CORPORATION CL A 25470M109 415 30,000 SH   DFND 1 30,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109 786 69,166 SH   DFND 1 69,166 0 0
ELLINGTON FINANCIAL INC COM 28852N109 351 30,834 SH   DFND   30,834 0 0
ELOXX PHARMACEUTICALS INC COM 29014R103 252 1,480,000 SH   DFND 1 1,480,000 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 3,613 327,520 SH   DFND 1 327,520 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 853 77,376 SH   DFND   77,376 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 5,886 247,500 SH   DFND 1 247,500 0 0
ENVIVA INC COM 29415B103 601 10,000 SH   DFND 1 10,000 0 0
EOS ENERGY ENTERPRISES INC COM CL A 29415C101 1,002 599,775 SH   DFND 1 599,775 0 0
EQUITRANS MIDSTREAM CORP COM 294600101 187 25,000 SH   DFND 1 25,000 0 0
FRANCHISE GROUP INC COM 35180X105 16,673 686,115 SH   DFND 1 686,115 0 0
FRANKLIN RESOURCES INC COM 354613101 1,368 63,550 SH   DFND 1 63,550 0 0
FRANKLIN RESOURCES INC COM 354613101 1,197 55,600 SH   DFND   55,600 0 0
FULL HSE RESORTS INC COM 359678109 199 35,331 SH   DFND 1 35,331 0 0
GENERAL MTRS CO COM 37045V100 4,362 135,920 SH   DFND 1 135,920 0 0
GENERAL MTRS CO COM 37045V100 1,735 54,080 SH   DFND   54,080 0 0
GRANITE PT MTG TR INC COM STK 38741L107 253 39,231 SH   DFND 1 39,231 0 0
GRANITE PT MTG TR INC COM STK 38741L107 269 41,790 SH   DFND   41,790 0 0
GRAY TELEVISION INC COM 389375106 8,145 568,797 SH   DFND 1 568,797 0 0
GRAY TELEVISION INC COM 389375106 2,456 171,500 SH   DFND   171,500 0 0
HESS MIDSTREAM LP CL A SHS 428103105 510 20,000 SH   DFND 1 20,000 0 0
IHEARTMEDIA INC COM CL A 45174J509 3,570 487,091 SH   DFND 1 487,091 0 0
JOURNEY MED CORP COM 48115J109 443 180,000 SH   DFND 1 180,000 0 0
KAYNE ANDERSON ENERGY INFRST COM 486606106 3,986 492,098 SH   DFND 1 492,098 0 0
KELLOGG CO COM 487836108 2,706 38,850 SH   DFND 1 38,850 0 0
KEROS THERAPEUTICS INC COM 492327101 380 10,105 SH   DFND 1 10,105 0 0
KOHLS CORP COM 500255104 8,299 330,000 SH   DFND 1 330,000 0 0
KRAFT HEINZ CO COM 500754106 3,668 110,000 SH   DFND 1 110,000 0 0
LCNB CORP COM 50181P100 1,458 91,920 SH   DFND 1 91,920 0 0
LCNB CORP COM 50181P100 26 1,662 SH   DFND   1,662 0 0
LIFEMD INC COM 53216B104 670 340,000 SH   DFND 1 340,000 0 0
MFA FINL INC NOTE 6.250% 6/1 55272XAA0 6,747 7,559,000 PRN   DFND 1 7,559,000 0 0
MFA FINL INC NOTE 6.250% 6/1 55272XAA0 3,570 4,000,000 PRN   DFND   4,000,000 0 0
MPLX LP COM UNIT REP LTD 55336V100 675 22,500 SH   DFND 1 22,500 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 736 15,500 SH   DFND 1 15,500 0 0
MOLSON COORS BEVERAGE CO CL B 60871R209 1,200 25,000 SH   DFND 1 25,000 0 0
MONEYLION INC CL A 60938K106 990 1,109,495 SH   DFND 1 1,109,495 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 2,986 350,000 SH   DFND 1 350,000 0 0
NEXSTAR MEDIA GROUP INC COMMON STOCK 65336K103 38,356 229,882 SH   DFND 1 229,882 0 0
NEXSTAR MEDIA GROUP INC COMMON STOCK 65336K103 2,102 12,600 SH   DFND   12,600 0 0
NEXTNAV INC COMMON STOCK 65345N106 1,345 500,000 SH   DFND 1 500,000 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 135 10,000 SH   DFND 1 10,000 0 0
OMEROS CORP COM 682143102 202 64,113 SH   DFND 1 64,113 0 0
ONEOK INC NEW COM 682680103 717 14,000 SH   DFND 1 14,000 0 0
PENNYMAC CORP NOTE 5.500%11/0 70932AAD5 6,458 7,000,000 PRN   DFND 1 7,000,000 0 0
PHENIXFIN CORP COM 71742W103 1,884 54,003 SH   DFND 1 54,003 0 0
PHENIXFIN CORP COM 71742W103 360 10,324 SH   DFND   10,324 0 0
PHILLIPS 66 COM 718546104 505 6,250 SH   DFND 1 6,250 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 4,340 412,500 SH   DFND 1 412,500 0 0
POTBELLY CORP COM 73754Y100 136 30,000 SH   DFND 1 30,000 0 0
POTBELLY CORP COM 73754Y100 317 70,000 SH   DFND   70,000 0 0
READY CAPITAL CORP COM 75574U101 2,516 248,085 SH   DFND 1 248,085 0 0
READY CAPITAL CORP COM 75574U101 1,400 138,035 SH   DFND   138,035 0 0
SHELL PLC SPON ADS 780259305 722 14,500 SH   DFND   14,500 0 0
SELECT ENERGY SVCS INC CL A COM 81617J301 1,923 275,899 SH   DFND 1 275,899 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 7,272 401,999 SH   DFND 1 401,999 0 0
SPECTRUM BRANDS HLDGS INC NE COM 84790A105 9,149 234,411 SH   DFND 1 234,411 0 0
SUNOCO LP/SUNOCO FIN CORP COM UT REP LP 86765K109 604 15,500 SH   DFND 1 15,500 0 0
TAPESTRY INC COM 876030107 8,813 310,000 SH   DFND 1 310,000 0 0
TAPESTRY INC COM 876030107 426 15,000 SH   DFND   15,000 0 0
TEGNA INC COM 87901J105 1,448 70,000 SH   DFND 1 70,000 0 0
TEGNA INC COM 87901J105 620 30,000 SH   DFND   30,000 0 0
TELOS CORP MD COM 87969B101 1,889 212,500 SH   DFND 1 212,500 0 0
TORTOISE ENERGY INFRA CORP COM 89147L886 3,780 126,225 SH   DFND 1 126,225 0 0
TORTOISE ENERGY INFRA CORP COM 89147L886 390 13,019 SH   DFND   13,019 0 0
TWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 90187BAB7 3,396 4,000,000 PRN   DFND 1 4,000,000 0 0
TWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 90187BAB7 1,698 2,000,000 PRN   DFND   2,000,000 0 0
TWO HBRS INVT CORP COM NEW 90187B408 1,300 391,542 SH   DFND 1 391,542 0 0
TWO HBRS INVT CORP COM NEW 90187B408 584 175,823 SH   DFND   175,823 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109 348 20,000 SH   DFND 1 20,000 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109 194 11,150 SH   DFND   11,150 0 0
VIATRIS INC COM 92556V106 426 50,000 SH   DFND 1 50,000 0 0
VIATRIS INC COM 92556V106 426 50,000 SH   DFND   50,000 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104 7,264 631,665 SH   DFND 1 631,665 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104 345 30,000 SH   DFND   30,000 0 0
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 958669103 516 20,500 SH   DFND 1 20,500 0 0
XPERI HOLDING CORP COM 98390M103 6,401 452,677 SH   DFND 1 452,677 0 0