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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1895 BANCORP OF WIS INC COM 28253R105   500,000 50,000 SH   DFND   50,000 0 0
AFFINITY BANCSHARES INC COM 00832E103   979,084 64,840 SH   DFND   64,840 0 0
BLUE FOUNDRY BANCORP COM 09549B104   304,249 23,677 SH   DFND   23,677 0 0
CARVANA CO CL A 146869102   379,200 80,000 SH   DFND   80,000 0 0
CARVANA CO CL A 146869902   474,000 100,000 SH Call DFND   100,000 0 0
CATALYST BANCORP INC COMMON STOCK 14888L101   507,886 39,991 SH   DFND   39,991 0 0
CFSB BANCORP INC COM 12530C107   80,900 10,000 SH   DFND   10,000 0 0
CINCINNATI BANCORP INC COM NEW 17187C102   2,118,200 140,000 SH   DFND   140,000 0 0
CULLMAN BANCORP INC COM 230153108   287,250 25,000 SH   DFND   25,000 0 0
ECB BANCORP INC COM 26828M106   321,000 20,000 SH   DFND   20,000 0 0
ESSA BANCORP INC COM 29667D104   521,750 25,000 SH   DFND   25,000 0 0
FFBW INC MD COM 30260M103   81,711 7,038 SH   DFND   7,038 0 0
FIRST SVGS FINL GROUP INC COM 33621E109   1,200,000 60,000 SH   DFND   60,000 0 0
FIRST SEACOAST BANCORP COM 33631P102   181,450 19,000 SH   DFND   19,000 0 0
FRANKLIN FINL SVCS CORP COM 353525108   162,450 4,500 SH   DFND   4,500 0 0
FS BANCORP INC COM 30263Y104   4,012,800 120,000 SH   DFND   120,000 0 0
GENERATIONS BANCORP NY INC COM 37149G108   2,406,769 222,849 SH   DFND   222,849 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100   387,574 27,883 SH   DFND   27,883 0 0
HOME FED BANCORP INC LA NEW COM 43708L108   1,368,800 80,000 SH   DFND   80,000 0 0
ICC HLDGS INC COM 44931Q104   4,733,143 300,517 SH   DFND   300,517 0 0
IF BANCORP INC COM 44951J105   515,723 29,897 SH   DFND   29,897 0 0
KINGSWAY FINL SVCS INC COM NEW 496904202   60,320,512 7,606,622 SH   DFND   7,606,622 0 0
LAKE SHORE BANCORP INC COM 510700107   1,207,000 100,000 SH   DFND   100,000 0 0
LYFT INC CL A COM 55087P104   551,000 50,000 SH   DFND   50,000 0 0
MAGYAR BANCORP INC COM 55977T208   512,800 40,000 SH   DFND   40,000 0 0
METLIFE INC COM 59156R108   4,342 60 SH   DFND   60 0 0
MID-SOUTHERN BANCORP INC COM 59548Q107   650,500 50,000 SH   DFND   50,000 0 0
NORTHEAST CMNTY BANCORP INC COM 664121100   2,088,800 140,000 SH   DFND   140,000 0 0
OFG BANCORP COM 67103X102   26,865,047 974,784 SH   DFND   974,784 0 0
PB BANKSHARES INC COM 69318V103   372,513 27,431 SH   DFND   27,431 0 0
PONCE FINANCIAL GROUP INC COMMON STOCK 732344106   279,600 30,000 SH   DFND   30,000 0 0
PRINCIPAL FINANCIAL GROUP IN COM 74251V102   45,904 547 SH   DFND   547 0 0
PROVIDENT BANCORP INC COM NEW 74383L105   886,959 121,835 SH   DFND   121,835 0 0
QUANTUMSCAPE CORP COM CL A 74767V109   455,301 80,300 SH   DFND   80,300 0 0
RHINEBECK BANCORP INC COM 762093102   136,650 15,000 SH   DFND   15,000 0 0
RICHMOND MUT BANCORPORATION COM 76525P100   390,300 30,000 SH   DFND   30,000 0 0
SILVERGATE CAP CORP CL A 82837P408   1,235,400 71,000 SH   DFND   71,000 0 0
SOUND FINL BANCORP INC COM 83607A100   12,485,347 317,936 SH   DFND   317,936 0 0
TC BANCSHARES INC COM 87224V108   298,000 20,000 SH   DFND   20,000 0 0
WHEELER REAL ESTATE INVT TR COM NEW 963025705   1,649,381 1,181,336 SH   DFND   1,181,336 0 0
WHEELER REAL ESTATE INVT TR PFD CNV SER D 963025606   1,106,166 86,150 SH   DFND   86,150 0 0