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
ARCHER AVIATION INC COM CL A 03945R102 184 132,002 SH   SOLE 0 132,002 0 0
ARCHER AVIATION INC COM CL A 03945R102 35 13,297 SH   OTR 1 13,297 0 0
BED BATH & BEYOND INC COM 075896100 361 59,200 SH Put SOLE 0 0 0 59,200
BED BATH & BEYOND INC COM 075896100 127 20,800 SH Put OTR 1 0 0 20,800
BOWMAN CONSULTING GROUP LTD COM 103002101 520 35,587 SH   SOLE 0 35,587 0 0
BOWMAN CONSULTING GROUP LTD COM 103002101 238 16,297 SH   OTR 1 16,297 0 0
CENTURY CMNTYS INC COM 156504300 927 21,665 SH   SOLE 0 21,665 0 0
CENTURY CMNTYS INC COM 156504300 343 8,018 SH   OTR 1 8,018 0 0
CENTURY CMNTYS INC COM 156504300 1,686 39,400 SH Call SOLE 0 0 0 39,400
CENTURY CMNTYS INC COM 156504300 607 14,200 SH Call OTR 1 0 0 14,200
DIVERSIFIED HEALTHCARE TR COM SH BEN INT 25525P107 882 890,581 SH   SOLE 0 890,581 0 0
DIVERSIFIED HEALTHCARE TR COM SH BEN INT 25525P107 314 317,340 SH   OTR 1 317,340 0 0
EMERALD HOLDING INC COM 29103W104 1,976 584,555 SH   SOLE 0 584,555 0 0
EMERALD HOLDING INC COM 29103W104 693 205,166 SH   OTR 1 205,166 0 0
GILDAN ACTIVEWEAR INC COM 375916103 2,003 70,866 SH   SOLE 0 70,866 0 0
GILDAN ACTIVEWEAR INC COM 375916103 736 26,037 SH   OTR 1 26,037 0 0
GLOBAL SHIP LEASE INC NEW COM CL A Y27183600 2,324 147,249 SH   SOLE 0 147,249 0 0
GLOBAL SHIP LEASE INC NEW COM CL A Y27183600 832 52,751 SH   OTR 1 52,751 0 0
GRANITE PT MTG TR INC COM STK 38741L107 150 23,216 SH   OTR 1 23,216 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 385 48,252 SH   SOLE 0 48,252 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 139 17,372 SH   OTR 1 17,372 0 0
INSPIRED ENTMT INC COM 45782N108 2,738 310,059 SH   SOLE 0 310,059 0 0
INSPIRED ENTMT INC COM 45782N108 1,135 128,520 SH   OTR 1 128,520 0 0
M/I HOMES INC COM 55305B101 2,871 79,245 SH   SOLE 0 79,245 0 0
M/I HOMES INC COM 55305B101 1,094 30,205 SH   OTR 1 30,205 0 0
M/I HOMES INC COM 55305B101 2,634 72,700 SH Call SOLE 0 0 0 72,700
M/I HOMES INC COM 55305B101 989 27,300 SH Call OTR 1 0 0 27,300
MERITAGE HOMES CORP COM 59001A102 1,370 19,500 SH Call SOLE 0 0 0 19,500
MERITAGE HOMES CORP COM 59001A102 499 7,100 SH Call OTR 1 0 0 7,100
MISTRAS GROUP INC COM 60649T107 1,688 378,555 SH   SOLE 0 378,555 0 0
MISTRAS GROUP INC COM 60649T107 650 145,644 SH   OTR 1 145,644 0 0
NAVIOS MARITIME HOLDINGS INC COM Y62197119 439 230,943 SH   SOLE 0 230,943 0 0
NAVIOS MARITIME HOLDINGS INC COM Y62197119 167 88,076 SH   OTR 1 88,076 0 0
NAVIOS MARITIME PARTNERS L P COM UNIT LPI Y62267409 3,278 133,704 SH   SOLE 0 133,704 0 0
NAVIOS MARITIME PARTNERS L P COM UNIT LPI Y62267409 1,468 59,880 SH   OTR 1 59,880 0 0
NAVIOS MARITIME PARTNERS L P COM UNIT LPI Y62267409 902 36,800 SH Call SOLE 0 0 0 36,800
NAVIOS MARITIME PARTNERS L P COM UNIT LPI Y62267409 324 13,200 SH Call OTR 1 0 0 13,200
NEW YORK MTG TR INC COM PAR $.02 649604501 377 161,211 SH   SOLE 0 161,211 0 0
NEW YORK MTG TR INC COM PAR $.02 649604501 201 86,052 SH   OTR 1 86,052 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 1,502 35,016 SH   SOLE 0 35,016 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 577 13,442 SH   OTR 1 13,442 0 0
POLISHED COM INC COM 28252C109 39 74,395 SH   SOLE 0 74,395 0 0
POLISHED COM INC COM 28252C109 13 25,605 SH   OTR 1 25,605 0 0
POLISHED COM INC *W EXP 06/02/202 28252C117 78 622,622 SH   SOLE 0 622,622 0 0
POLISHED COM INC *W EXP 06/02/202 28252C117 27 215,428 SH   OTR 1 215,428 0 0
TEXTAINER GROUP HOLDINGS LTD SHS G8766E109 3,691 137,411 SH   SOLE 0 137,411 0 0
TEXTAINER GROUP HOLDINGS LTD SHS G8766E109 1,310 48,789 SH   OTR 1 48,789 0 0
TRANSOCEAN LTD REG SHS H8817H100 826 334,500 SH Call SOLE 0 0 0 334,500
TRANSOCEAN LTD REG SHS H8817H100 285 115,500 SH Call OTR 1 0 0 115,500
TRITON INTL LTD CL A G9078F107 1,149 20,996 SH   SOLE 0 20,996 0 0
TRITON INTL LTD CL A G9078F107 626 11,434 SH   OTR 1 11,434 0 0