UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| AG MTG INVT TR INC | COM NEW | 001228501 | 2,104,517 | 288,290 | SH | DFND | 1 | 288,290 | 0 | 0 | |
| AKAMAI TECHNOLOGIES INC | NOTE 1.125% 2/1 | 00971TAN1 | 17,100,000 | 18,000,000 | SH | DFND | 1 | 18,000,000 | 0 | 0 | |
| ALPHA MODUS HLDGS INC | *W EXP 12/13/202 | 020952115 | 35,574 | 587,999 | SH | DFND | 1 | 587,999 | 0 | 0 | |
| AMEDISYS INC | COM | 023436108 | 2,315,750 | 25,000 | SH | DFND | 1 | 25,000 | 0 | 0 | |
| AMERICAN AIRLINES GROUP INC | NOTE 6.500% 7/0 | 02376RAF9 | 32,000,000 | 32,000,000 | SH | DFND | 1 | 32,000,000 | 0 | 0 | |
| AMERICAN WTR CAP CORP | NOTE 3.625% 6/1 | 03040WBE4 | 15,315,000 | 15,000,000 | SH | DFND | 1 | 15,000,000 | 0 | 0 | |
| ANYWHERE REAL ESTATE INC | COM | 75605Y106 | 32,277,667 | 9,692,993 | SH | DFND | 1 | 9,692,993 | 0 | 0 | |
| ARES ACQUISITION CORP II | *W EXP 99/99/999 | G33033120 | 14,500 | 50,000 | SH | DFND | 1 | 50,000 | 0 | 0 | |
| ARES ACQUISITION CORP II | SHS CLASS A | G33033104 | 1,115,000 | 100,000 | SH | DFND | 1 | 100,000 | 0 | 0 | |
| ARES MANAGEMENT CORPORATION | 6.75 SE B PFD | 03990B309 | 10,489,600 | 220,000 | SH | DFND | 1 | 220,000 | 0 | 0 | |
| BAIRD MED INVT HLDGS LTD | *W EXP 10/01/202 | G0705H111 | 3,755 | 50,000 | SH | DFND | 1 | 50,000 | 0 | 0 | |
| BEACON ROOFING SUPPLY INC | COM | 073685109 | 6,178,073 | 49,944 | SH | DFND | 1 | 49,944 | 0 | 0 | |
| BOFA FIN LLC | MTNF 0.600% 5/2 | 09709UV70 | 23,988,202 | 24,133,000 | SH | DFND | 1 | 24,133,000 | 0 | 0 | |
| CENTERPOINT ENERGY INC | NOTE 4.250% 8/1 | 15189TBD8 | 20,017,000 | 18,500,000 | SH | DFND | 1 | 18,500,000 | 0 | 0 | |
| CINEMARK HLDGS INC | NOTE 4.500% 8/1 | 17243VAB8 | 51,433,250 | 29,500,000 | SH | DFND | 1 | 29,500,000 | 0 | 0 | |
| COINCHECK GROUP NV | *W EXP 12/11/202 | N20967100 | 16,848 | 30,000 | SH | DFND | 1 | 30,000 | 0 | 0 | |
| COMPLETE SOLARIA INC | *W EXP 07/31/202 | 20460L112 | 5,000 | 25,000 | SH | DFND | 1 | 25,000 | 0 | 0 | |
| DUKE ENERGY CORP NEW | NOTE 4.125% 4/1 | 26441CBY0 | 14,089,400 | 13,000,000 | SH | DFND | 1 | 13,000,000 | 0 | 0 | |
| ETSY INC | NOTE 0.250% 6/1 | 29786AAN6 | 10,182,000 | 12,000,000 | SH | DFND | 1 | 12,000,000 | 0 | 0 | |
| EVERGY INC | NOTE 4.500%12/1 | 30034WAD8 | 41,132,258 | 35,000,000 | SH | DFND | 1 | 35,000,000 | 0 | 0 | |
| EVERI HLDGS INC | COM | 30034T103 | 8,885,500 | 650,000 | SH | DFND | 1 | 650,000 | 0 | 0 | |
| FALCONS BEYOND GLOBAL INC | *W EXP 03/16/202 | 306121112 | 25,000 | 25,000 | SH | DFND | 1 | 25,000 | 0 | 0 | |
| FIVE9 INC | NOTE 1.000% 3/1 | 338307AF8 | 4,257,500 | 5,000,000 | SH | DFND | 1 | 5,000,000 | 0 | 0 | |
| FRONTIER COMMUNICATIONS PARE | COM | 35909D109 | 9,861,500 | 275,000 | SH | DFND | 1 | 275,000 | 0 | 0 | |
| H & E EQUIPMENT SERVICES INC | COM | 404030108 | 4,444,134 | 46,884 | SH | DFND | 1 | 46,884 | 0 | 0 | |
| HAEMONETICS CORP MASS | NOTE 3/0 | 405024AB6 | 5,726,425 | 6,000,000 | SH | DFND | 1 | 6,000,000 | 0 | 0 | |
| HALOZYME THERAPEUTICS INC | NOTE 1.000% 8/1 | 40637HAF6 | 14,386,819 | 11,250,000 | SH | DFND | 1 | 11,250,000 | 0 | 0 | |
| HAYMAKER ACQUISITION CORP IV | *W EXP 05/31/202 | G4375F116 | 5,238 | 25,000 | SH | DFND | 1 | 25,000 | 0 | 0 | |
| HESS CORP | COM | 42809H107 | 11,181,100 | 70,000 | SH | DFND | 1 | 70,000 | 0 | 0 | |
| HEWLETT PACKARD ENTERPRISE C | 7.625 MAND CONV | 42824C208 | 31,135,000 | 650,000 | SH | DFND | 1 | 650,000 | 0 | 0 | |
| KELLANOVA | COM | 487836108 | 12,602,492 | 152,776 | SH | DFND | 1 | 152,776 | 0 | 0 | |
| KKR & CO INC | 6.25 CON SER D | 48251W500 | 15,152,800 | 310,000 | SH | DFND | 1 | 310,000 | 0 | 0 | |
| LANVIN GROUP HOLDINGS LIMITE | *W EXP 01/14/202 | G5380J118 | 396 | 20,000 | SH | DFND | 1 | 20,000 | 0 | 0 | |
| LIBERTY MEDIA CORP DEL | NOTE 3.750% 3/1 | 531229AP7 | 2,073,424 | 2,000,000 | SH | DFND | 1 | 2,000,000 | 0 | 0 | |
| LIFEZONE METALS LIMITED | *W EXP 07/05/202 | G5568L117 | 11,500 | 25,000 | SH | DFND | 1 | 25,000 | 0 | 0 | |
| LIVANOVA PLC | NOTE 2.500% 3/1 | 53802LAB8 | 5,227,750 | 5,500,000 | SH | DFND | 1 | 5,500,000 | 0 | 0 | |
| LOTUS TECHNOLOGY INC | *W EXP 02/22/202 | 54572F119 | 3,055 | 25,000 | SH | DFND | 1 | 25,000 | 0 | 0 | |
| MARRIOTT VACATIONS WORLDWIDE | NOTE 3.250%12/1 | 57164YAF4 | 24,050,000 | 26,000,000 | SH | DFND | 1 | 26,000,000 | 0 | 0 | |
| MICROCHIP TECHNOLOGY INC. | DEP SHS REPSTG | 595017302 | 2,000,000 | 40,000 | SH | DFND | 1 | 40,000 | 0 | 0 | |
| NABORS ENERGY TRANSITION COR | *W EXP 09/01/202 | G6363K114 | 19,850 | 50,000 | SH | DFND | 1 | 50,000 | 0 | 0 | |
| NABORS ENERGY TRANSITION COR | CL A | G6363K106 | 1,095,000 | 100,000 | SH | DFND | 1 | 100,000 | 0 | 0 | |
| NEXTERA ENERGY INC | UNIT 09/01/2025 | 65339F713 | 14,290,500 | 350,000 | SH | DFND | 1 | 350,000 | 0 | 0 | |
| P3 HEALTH PARTNERS INC | *W EXP 11/19/202 | 744413113 | 200 | 16,666 | SH | DFND | 1 | 16,666 | 0 | 0 | |
| PAYONEER GLOBAL INC | COM | 70451X104 | 490,916 | 83,946 | SH | DFND | 1 | 83,946 | 0 | 0 | |
| PG&E CORP | NOTE 4.250%12/0 | 69331CAL2 | 15,319,250 | 14,500,000 | SH | DFND | 1 | 14,500,000 | 0 | 0 | |
| PG&E CORP | PFD CONV SER A | 69331C306 | 28,600,000 | 650,000 | SH | DFND | 1 | 650,000 | 0 | 0 | |
| PLAYAGS INC | COM | 72814N104 | 2,543,100 | 210,000 | SH | DFND | 1 | 210,000 | 0 | 0 | |
| PPL CAP FDG INC | NOTE 2.875% 3/1 | 69352PAS2 | 8,392,500 | 7,500,000 | SH | DFND | 1 | 7,500,000 | 0 | 0 | |
| REALOGY GRP LLC/REALOGY CO | NOTE 0.250% 6/1 | 75606DAP6 | 20,032,736 | 21,587,000 | SH | DFND | 1 | 21,587,000 | 0 | 0 | |
| ROADZEN INC | *W EXP 11/30/202 | G7606H116 | 1,403 | 25,000 | SH | DFND | 1 | 25,000 | 0 | 0 | |
| SPECTRAL AI INC | *W EXP 99/99/999 | 84757T113 | 19,260 | 74,999 | SH | DFND | 1 | 74,999 | 0 | 0 | |
| STARWOOD PPTY TR INC | NOTE 6.750% 7/1 | 85571BBA2 | 46,704,006 | 44,250,000 | SH | DFND | 1 | 44,250,000 | 0 | 0 | |
| SURMODICS INC | COM | 868873100 | 1,221,200 | 40,000 | SH | DFND | 1 | 40,000 | 0 | 0 | |
| TRIUMPH GROUP INC NEW | COM | 896818101 | 6,715,100 | 265,000 | SH | DFND | 1 | 265,000 | 0 | 0 | |
| XBP EUROPE HOLDINGS INC | *W EXP 11/30/202 | 98400V119 | 1,173 | 25,000 | SH | DFND | 1 | 25,000 | 0 | 0 | |