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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AETHERIUM ACQUISITION CORP UNIT 12/21/2026 00809J200   307 30,000 SH   DFND   30,000 0 0
APX ACQUISITION CORP I UNIT 12/07/2026 G0440J117   431 40,000 SH   DFND   40,000 0 0
ATHENA TECHNOLOGY ACQ CORP I *W EXP 10/17/202 04687C113   0 10,000 SH   DFND   10,000 0 0
ATHENA TECHNOLOGY ACQ CORP I CL A COM 04687C105   201 20,000 SH   DFND   20,000 0 0
AVAYA HLDGS CORP NOTE 2.250% 6/1 05351XAB7   979 23,030,000 PRN   DFND   23,030,000 0 0
BATTERY FUTURE ACQUISITION C UNIT 99/99/9999 G0888J116   205 20,000 SH   DFND   20,000 0 0
BLACKROCK CAP ALLOCATION TR COM 09260U109   351 25,277 SH   DFND   25,277 0 0
BLACKROCK ESG CAP ALLC TR SHS BEN INT 09262F100   463 34,442 SH   DFND   34,442 0 0
BLACKROCK MUNI INCOME TR II COM 09249N101   540 52,301 SH   DFND   52,301 0 0
BLACKROCK MUNIYIELD FD INC COM 09253W104   673 64,688 SH   DFND   64,688 0 0
BLUE OWL CAPITAL INC COM CL A 09581B103   326 30,800 SH   DFND   30,800 0 0
BYNORDIC ACQUISITION CORP UNIT 07/01/2027 124420209   205 20,000 SH   DFND   20,000 0 0
CARTESIAN GROWTH CORP CL A SHS G19276107   175 16,000 SH   DFND   16,000 0 0
CHURCHILL CAPITAL CORP VII COM CL A 17144M102   199 20,000 SH   DFND   20,000 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106   107 102,000 SH   DFND   102,000 0 0
CONSTELLATION ACQUISITN CORP UNIT 99/99/9999 G2R18K121   101 10,000 SH   DFND   10,000 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108   10 201,000 SH Put DFND   201,000 0 0
DYNEX CAP INC COM 26817Q886   127 10,000 SH   DFND   10,000 0 0
EATON VANCE CALIF MUN BD FD COM 27828A100   503 58,242 SH   DFND   58,242 0 0
EATON VANCE NEW YORK MUN BD COM 27827Y109   589 65,376 SH   DFND   65,376 0 0
EDTECHX HOLDINGS ACQU CORP I *W EXP 06/15/202 28139A110   0 10,000 SH   DFND   10,000 0 0
EVE MOBILITY ACQUISITION COR UNIT 99/99/9999 G3218G125   308 30,000 SH   DFND   30,000 0 0
EVERGREEN CORPORATION UNIT 02/08/2027 G3312W125   301 28,220 SH   DFND   28,220 0 0
EVO ACQUISITION CORP *W EXP 01/04/202 30052G116   1 14,450 SH   DFND   14,450 0 0
FIRST RESERVE SUSTAINABLE GW CLASS A COM 336169107   201 20,000 SH   DFND   20,000 0 0
FRONTIER INVESTMENT CORP UNIT 06/29/2026 G36816117   118 11,789 SH   DFND   11,789 0 0
FTAC EMERALD ACQUISITION COR UNIT 10/19/2028 29103K209   201 20,000 SH   DFND   20,000 0 0
FUTURETECH II ACQUISITION CO UNIT 12/23/2022 36119D202   132 12,900 SH   DFND   12,900 0 0
GARDINER HEALTHCARE ACQTS CO *W EXP 07/30/202 365506112   4 30,000 SH   DFND   30,000 0 0
GARDINER HEALTHCARE ACQTS CO COMMON STOCK 365506104   308 30,000 SH   DFND   30,000 0 0
GIGCAPITAL 5 INC *W EXP 03/28/202 37519U117   1 15,530 SH   DFND   15,530 0 0
GOAL ACQUISITIONS CORP *W EXP 02/11/202 38021H115   2 50,000 SH   DFND   50,000 0 0
GOLDEN ARROW MERGER CORP *W EXP 07/31/202 380799114   0 19,150 SH   DFND   19,150 0 0
GOLDEN ARROW MERGER CORP CLASS A COM 380799106   701 70,000 SH   DFND   70,000 0 0
GORES HOLDINGS IX INC UNIT 01/14/2029 38287A200   199 20,000 SH   DFND   20,000 0 0
GX ACQUISITION CORP II UNIT 03/17/2026 36260F204   152 14,900 SH   DFND   14,900 0 0
HEALTHCARE AI ACQUISITION CO UNIT 12/07/2026 G4373K125   205 20,000 SH   DFND   20,000 0 0
HERTZ GLOBAL HLDGS INC COM NEW 42806J700   7,388 480,065 SH   DFND   480,065 0 0
INDUSTRIAL TECH ACQSTNS II I UNIT 03/31/2028 45635R207   205 20,000 SH   DFND   20,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513   28 600,000 SH Call DFND   600,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513   7 200,000 SH Put DFND   200,000 0 0
ISHARES TR PFD AND INCM SEC 464288687   3 50,500 SH Put DFND   50,500 0 0
JACKSON ACQUISITION CO UNIT 99/99/9999 46653C205   254 25,000 SH   DFND   25,000 0 0
KHOSLA VENTURES ACQUISITION CL A 482504107   398 39,900 SH   DFND   39,900 0 0
KHOSLA VENTURES ACQUT CO III COM CL A 482506102   100 10,000 SH   DFND   10,000 0 0
M3 BRIGADE ACQUISITION II CO COM CL A 553800103   339 33,790 SH   DFND   33,790 0 0
MARATHON DIGITAL HOLDINGS IN COM 565788106   1,046 775,000 SH Put DFND   775,000 0 0
MARLIN TECHNOLOGY CORP UNIT 99/99/9999 G58411128   178 17,650 SH   DFND   17,650 0 0
MASON INDUSTRIAL TECHNOLGY I COM CL A 57520Y106   186 18,589 SH   DFND   18,589 0 0
MFS HIGH YIELD MUN TR SH BEN INT 59318E102   579 185,095 SH   DFND   185,095 0 0
MFS INVT GRADE MUN TR SH BEN INT 59318B108   391 54,932 SH   DFND   54,932 0 0
MOTIVE CAPITAL CORP II UNIT 99/99/9999 G6293R122   511 50,000 SH   DFND   50,000 0 0
NEWBURY STREET ACQUISITN COR *W EXP 04/30/202 65101L112   1 12,413 SH   DFND   12,413 0 0
NEWBURY STREET ACQUISITN COR COM 65101L104   274 27,403 SH   DFND   27,403 0 0
NEXPOINT DIVERSIFIED REL ET COM NEW 65340G205   1,012 90,311 SH   DFND   90,311 0 0
NORDSTROM INC COM 655664100   3 200,000 SH Put DFND   200,000 0 0
NUVEEN AMT-FREE MUN VALUE FD COM 670695105   363 26,690 SH   DFND   26,690 0 0
NUVEEN MUN VALUE FD INC COM 670928100   734 85,325 SH   DFND   85,325 0 0
NUVEEN N Y MUN VALUE FD COM 67062M105   379 45,858 SH   DFND   45,858 0 0
NUVEEN NEW YORK AMT QLT MUNI COM 670656107   647 63,017 SH   DFND   63,017 0 0
OFS CAP CORP COM 67103B100   406 39,787 SH   DFND   39,787 0 0
OXUS ACQUISITION CORP *W EXP 99/99/999 G6859L121   1 23,300 SH   DFND   23,300 0 0
PERELLA WEINBERG PARTNERS CLASS A COM 71367G102   98 10,000 SH   DFND   10,000 0 0
PGIM SHORT DUR HIG YLD OPP F COM 69355J104   471 32,071 SH   DFND   32,071 0 0
PIMCO GLOBAL STOCKSPLS INCM COM 722011103   136 19,644 SH   DFND   19,644 0 0
PIMCO NEW YORK MUN INCOME FD COM 72201E105   164 24,040 SH   DFND   24,040 0 0
PIONEER MUN HIGH INCOME OPPO COMMON STOCK 723760104   885 83,134 SH   DFND   83,134 0 0
POWER REIT COM 73933H101   61 15,423 SH   DFND   15,423 0 0
REVELSTONE CAPITAL ACQSTN CO UNIT 12/17/2026 76137R205   203 20,000 SH   DFND   20,000 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605   4 200,000 SH Put DFND   200,000 0 0
SEVEN HILLS REALTY TRUST COM 81784E101   1,935 212,846 SH   DFND   212,846 0 0
SHAPEWAYS HOLDINGS INC *W EXP 09/29/202 81947T110   0 11,950 SH   DFND   11,950 0 0
SOUTHPORT ACQUISITION CORP UNIT 99/99/9999 84465L204   203 20,000 SH   DFND   20,000 0 0
SPDR GOLD TR GOLD SHS 78463V107   0 20,000 SH Call DFND   20,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   6 50,000 SH Put DFND   50,000 0 0
SPREE ACQUISITION CORP 1 LTD UNIT 99/99/9999 G83745110   204 20,000 SH   DFND   20,000 0 0
ST ENERGY TRANSITION I LTD UNIT 99/99/9999 G8465L123   198 19,300 SH   DFND   19,300 0 0
SWIFTMERGE ACQUISITION CORP UNIT 12/13/2026 G63836129   303 30,000 SH   DFND   30,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   3 60,000 SH Put DFND   60,000 0 0
TARGET GLOBAL ACQUISI I CORP UNIT 99/99/9999 G8675N117   205 20,000 SH   DFND   20,000 0 0
TERAWULF INC COM 88080T104   233 349,718 SH   DFND   349,718 0 0
TOLL BROTHERS INC COM 889478103   10 50,000 SH Put DFND   50,000 0 0
TRAJECTORY ALPHA ACQUISITION UNIT 99/99/9999 89301B203   201 20,000 SH   DFND   20,000 0 0
VISCOGLIOSI BROS ACQUISTN CO UNIT 03/18/2027 92838K209   201 19,900 SH   DFND   19,900 0 0
VISTRA CORP COM 92840M102   603 26,000 SH   DFND   26,000 0 0
WAYFAIR INC CL A 94419L101   12 51,300 SH Put DFND   51,300 0 0
WEJO GROUP LIMITED *W EXP 11/18/202 G9525W117   1 26,566 SH   DFND   26,566 0 0
WESTERN ACQSTN VENTURES CORP *W EXP 09/01/202 95758L115   2 30,000 SH   DFND   30,000 0 0
WESTERN ACQSTN VENTURES CORP COM 95758L107   347 30,000 SH   DFND   30,000 0 0
WESTERN ASSET INTER MUNI FD COM 958435109   274 36,068 SH   DFND   36,068 0 0
WESTERN ASSET MANAGED MUNS F COM 95766M105   1,178 117,003 SH   DFND   117,003 0 0
WESTERN ASST INFLTN LKD INM COM SH BEN INT 95766Q106   225 26,169 SH   DFND   26,169 0 0
WESTERN AST INFL LKD OPP & I COM 95766R104   1,111 121,719 SH   DFND   121,719 0 0