# EDGAR Filing Document

**Accession Number:** 0001569502
**File Stem:** 0001569502-23-000002
**Filing Date:** 2023-3
**Character Count:** 21648
**Document Hash:** d35c504062a9dc95627412f6230fdeba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001569502-23-000002.hdr.sgml**: 20230308

**ACCESSION NUMBER**: 0001569502-23-000002

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230308

**DATE AS OF CHANGE**: 20230307

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Maiden Holdings, Ltd.
- **CENTRAL INDEX KEY:** 0001412100
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** D0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-84099
- **FILM NUMBER:** 23714740

**BUSINESS ADDRESS:**
- **STREET 1:** SCHRODERS HOUSE
- **STREET 2:** 131 FRONT STREET
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** HM 12
- **BUSINESS PHONE:** (441) 295-5225

**MAIL ADDRESS:**
- **STREET 1:** 48 PAR-LA-VILLE ROAD
- **STREET 2:** SUITE 1141
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** -HM 11
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Talkot Capital, LLC
- **CENTRAL INDEX KEY:** 0001569502
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 2400 BRIDGEWAY, SUITE 300
- **CITY:** SAUSALITO
- **STATE:** CA
- **ZIP:** 94965
- **BUSINESS PHONE:** 415-332-3760

**MAIL ADDRESS:**
- **STREET 1:** 2400 BRIDGEWAY, SUITE 300
- **CITY:** SAUSALITO
- **STATE:** CA
- **ZIP:** 94965

```

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)*

MAIDEN HOLDINGS, LTD.
(Name of Issuer)

COMMON STOCK, $0.01 PAR VALUE PER SHARE
(Title of Class of Securities)

G5753U112
(CUSIP number)

Talkot Capital, LLC
30 Liberty Ship Way, Suite 3110
Sausalito, CA 94965
415-332-3760
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)

March 6, 2023
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the Rule pursuant to which
this Schedule is filed:

[ ] Rule 13d - 1(b)

[x] Rule 13d - 1(c)

[ ] Rule 13d - 1(d)

*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.

The information required on the remainder of this page shall not be deemed to
be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1
934 ("Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see
the Notes.)

CUSIP No. G5753U112

1	NAME OF REPORTING PERSON
	IRS IDENTIFICATION NO. OF ABOVE PERSON

	Talkot Fund, L.P.
	91-1804621
-----------------------------------------------------------------------------
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       (a)	 / /
                                                                (b)      / /
-----------------------------------------------------------------------------
3	SEC USE ONLY
-----------------------------------------------------------------------------
4	CITIZENSHIP OR PLACE OF ORGANIZATION

  	United States of America
-----------------------------------------------------------------------------
NUMBER OF            5 	SOLE VOTING POWER
SHARES                  4,610,332
BENEFICIALLY         --------------------------------------------------------
OWNED BY             6	SHARED VOTING POWER
EACH                    -0-
REPORTING            --------------------------------------------------------
PERSON               7	SOLE DISPOSITIVE POWER
WITH                    4,610,332
                     --------------------------------------------------------
                     8	SHARED DISPOSITIVE POWER
                        -0-
-----------------------------------------------------------------------------
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        4,610,332
-----------------------------------------------------------------------------
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
   	CERTAIN SHARES*	                                                 / /
-----------------------------------------------------------------------------
11 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

        5.29%
-----------------------------------------------------------------------------
12	TYPE OF REPORTING PERSON*

	PN

CUSIP No. G5753U112

1	NAME OF REPORTING PERSON
	IRS IDENTIFICATION NO. OF ABOVE PERSON

	Talkot Capital, LLC 401(k) PSP
	68-0393122
-----------------------------------------------------------------------------
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       (a)	 / /
                                                                (b)      / /
-----------------------------------------------------------------------------
3	SEC USE ONLY
-----------------------------------------------------------------------------
4	CITIZENSHIP OR PLACE OF ORGANIZATION

  	United States of America
-----------------------------------------------------------------------------
NUMBER OF            5 	SOLE VOTING POWER
SHARES                  677,093
BENEFICIALLY         --------------------------------------------------------
OWNED BY             6	SHARED VOTING POWER
EACH                    -0-
REPORTING            --------------------------------------------------------
PERSON               7	SOLE DISPOSITIVE POWER
WITH                    677,093
                     --------------------------------------------------------
                     8	SHARED DISPOSITIVE POWER
                        -0-
-----------------------------------------------------------------------------
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        677,093
-----------------------------------------------------------------------------
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
   	CERTAIN SHARES*	                                                 / /
-----------------------------------------------------------------------------
11 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

        0.78%
-----------------------------------------------------------------------------
12	TYPE OF REPORTING PERSON*

	EP

CUSIP No. G5753U112

1	NAME OF REPORTING PERSON
	IRS IDENTIFICATION NO. OF ABOVE PERSON

	Thomas Bruce Akin
-----------------------------------------------------------------------------
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       (a)	 / /
                                                                (b)      / /
-----------------------------------------------------------------------------
3	SEC USE ONLY
-----------------------------------------------------------------------------
4	CITIZENSHIP OR PLACE OF ORGANIZATION

  	United States of America
-----------------------------------------------------------------------------
NUMBER OF            5 	SOLE VOTING POWER
SHARES                  7,217,917
BENEFICIALLY         --------------------------------------------------------
OWNED BY             6	SHARED VOTING POWER
EACH                    12,892,842
REPORTING            --------------------------------------------------------
PERSON               7	SOLE DISPOSITIVE POWER
WITH                    7,217,917
                     --------------------------------------------------------
                     8	SHARED DISPOSITIVE POWER
                        12,892,842
-----------------------------------------------------------------------------
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        7,217,917
-----------------------------------------------------------------------------
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
   	CERTAIN SHARES*	                                                 / /
-----------------------------------------------------------------------------
11 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

        8.28%
-----------------------------------------------------------------------------
12	TYPE OF REPORTING PERSON*

	IN

CUSIP No. G5753U112

1	NAME OF REPORTING PERSON
	IRS IDENTIFICATION NO. OF ABOVE PERSON

	James H. Akin Trust
-----------------------------------------------------------------------------
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       (a)	 / /
                                                                (b)      / /
-----------------------------------------------------------------------------
3	SEC USE ONLY
-----------------------------------------------------------------------------
4	CITIZENSHIP OR PLACE OF ORGANIZATION

  	United States of America
-----------------------------------------------------------------------------
NUMBER OF            5 	SOLE VOTING POWER
SHARES                  85,000
BENEFICIALLY         --------------------------------------------------------
OWNED BY             6	SHARED VOTING POWER
EACH                    -0-
REPORTING            --------------------------------------------------------
PERSON               7	SOLE DISPOSITIVE POWER
WITH                    85,000
                     --------------------------------------------------------
                     8	SHARED DISPOSITIVE POWER
                        -0-
-----------------------------------------------------------------------------
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        85,000
-----------------------------------------------------------------------------
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
   	CERTAIN SHARES*	                                                 / /
-----------------------------------------------------------------------------
11 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

        0.10%
-----------------------------------------------------------------------------
12	TYPE OF REPORTING PERSON*

	IN

CUSIP No. G5753U112

1	NAME OF REPORTING PERSON
	IRS IDENTIFICATION NO. OF ABOVE PERSON

	Karen Hochster Akin
-----------------------------------------------------------------------------
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       (a)	 / /
                                                                (b)      / /
-----------------------------------------------------------------------------
3	SEC USE ONLY
-----------------------------------------------------------------------------
4	CITIZENSHIP OR PLACE OF ORGANIZATION

  	United States of America
-----------------------------------------------------------------------------
NUMBER OF            5 	SOLE VOTING POWER
SHARES                  25,000
BENEFICIALLY         --------------------------------------------------------
OWNED BY             6	SHARED VOTING POWER
EACH                    -0-
REPORTING            --------------------------------------------------------
PERSON               7	SOLE DISPOSITIVE POWER
WITH                    25,000
                     --------------------------------------------------------
                     8	SHARED DISPOSITIVE POWER
                        -0-
-----------------------------------------------------------------------------
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        25,000
-----------------------------------------------------------------------------
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
   	CERTAIN SHARES*	                                                 / /
-----------------------------------------------------------------------------
11 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

        0.03%
-----------------------------------------------------------------------------
12	TYPE OF REPORTING PERSON*

	IN

CUSIP No. G5753U112

1	NAME OF REPORTING PERSON
	IRS IDENTIFICATION NO. OF ABOVE PERSON

	Blair Spencer Akin
-----------------------------------------------------------------------------
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       (a)	 / /
                                                                (b)      / /
-----------------------------------------------------------------------------
3	SEC USE ONLY
-----------------------------------------------------------------------------
4	CITIZENSHIP OR PLACE OF ORGANIZATION

  	United States of America
-----------------------------------------------------------------------------
NUMBER OF            5 	SOLE VOTING POWER
SHARES                  177,500
BENEFICIALLY         --------------------------------------------------------
OWNED BY             6	SHARED VOTING POWER
EACH                    -0-
REPORTING            --------------------------------------------------------
PERSON               7	SOLE DISPOSITIVE POWER
WITH                    177,500
                     --------------------------------------------------------
                     8	SHARED DISPOSITIVE POWER
                        -0-
-----------------------------------------------------------------------------
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        177,500
-----------------------------------------------------------------------------
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
   	CERTAIN SHARES*	                                                 / /
-----------------------------------------------------------------------------
11 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

        0.20%
-----------------------------------------------------------------------------
12	TYPE OF REPORTING PERSON*

	IN

CUSIP No. G5753U112

1	NAME OF REPORTING PERSON
	IRS IDENTIFICATION NO. OF ABOVE PERSON

	Akin Family Foundation
	81-4714847
-----------------------------------------------------------------------------
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       (a)	 / /
                                                                (b)      / /
-----------------------------------------------------------------------------
3	SEC USE ONLY
-----------------------------------------------------------------------------
4	CITIZENSHIP OR PLACE OF ORGANIZATION

  	United States of America
-----------------------------------------------------------------------------
NUMBER OF            5 	SOLE VOTING POWER
SHARES                  100,000
BENEFICIALLY         --------------------------------------------------------
OWNED BY             6	SHARED VOTING POWER
EACH                    -0-
REPORTING            --------------------------------------------------------
PERSON               7	SOLE DISPOSITIVE POWER
WITH                    100,000
                     --------------------------------------------------------
                     8	SHARED DISPOSITIVE POWER
                        -0-
-----------------------------------------------------------------------------
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        100,000
-----------------------------------------------------------------------------
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
   	CERTAIN SHARES*	                                                 / /
-----------------------------------------------------------------------------
11 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

        0.11%
-----------------------------------------------------------------------------
12	TYPE OF REPORTING PERSON*

	EP

CUSIP No. G5753U112

ITEM 1(a).	Name of Issuer:

		Maiden Holdings, Ltd.

Item 1(b).	Address of Issuer's Principal Office:

		Ideation House, 1st Floor
		94 Pitts Bay Road
		Pembroke HM 08
		Bermuda

Item 2(a).	Name of Person Filing:
		This Statement on Schedule 13G is being filed on behalf of
		the following persons (each, a 'Reporting Person' and
		collectively, the 'Reporting Persons'):

		Talkot Fund, L.P.
		Talkot Capital, LLC 401(k) PSP
		Thomas B. Akin
		James H. Akin Trust
		Karen Hochster Akin
		Blair Spencer Akin
		Akin Family Foundation

Item 2(b).	Address of Principal Business Office or, if none, Residence:

		The principal business address of each reporting person is
		30 Liberty Ship Way, Suite 3110, Sausalito, CA 94965.

Item 2(c).	Citizenship:

		USA

Item 2(d).	Title of Class of Securities:

		Common Stock

Item 2(e).	CUSIP Number:

		G5753U112

Item 3.		If this statement is filed pursuant to Rule 240.13d-1(b) or
		240.13d-2(b) or (c), check whether the person filing is a:

		(a)[ ] Broker or Dealer registered under Section 15 of the
			Act
		(b)[ ] Bank as defined in section 3(a)(6) of the Act
		(c)[ ] Insurance Company as defined in section 3(a)(19) of
			the Act
		(d)[ ] Investment Company registered under section 8 of
			the Investment Company Act of 1940
		(e)[ ] An Investment Adviser in accordance with Rule
			13d-1(b)(1)(ii)(E)
		(f)[ ] An Employee Benefit Plan or Endowment Fund in
			accordance with Rule 13d-1(b)(1)(ii)(F)
		(g)[ ] A Parent Holding Company or Control Person in
			accordance with Rule 13d-1(b)(ii)(G)
		(h)[ ] A Savings Association as defined in Section 3(b) of
			the Federal Deposit Insurance Act
		(i)[ ] A Church Plan that is excluded From the definition
			of an investment company under Section 3(c)(14)of
			the Investment Company Act of 1940
		(j)[ ] Group, in accordance with 13d-1(b)(1)(ii)(J)

Item 4.		Ownership:

	Talkot Capital, LLC acts as an investment adviser to certain
	private pooled investment vehicles.  Talkot Capital, by virtue
	of investment advisory agreements with these pooled investment
	vehicles, has investment and voting power over securities owned
	of record by these pooled investment vehicles.  Despite their
	delegation of investment and voting power to Talkot Capital, under
	Rule 13d-3 of the Securities Exchange Act of 1934, these pooled
	investment vehicles may be deemed the beneficial owner of the
	securities they own of record because they have the right to
	acquire investment and voting power, and have dispositive power,
	through termination of the investment advisory agreements with
	Talkot Capital.  Talkot Capital may be deemed the beneficial owner
	of the securities covered by this statement under Rule 13d-3 of the
	Act.  Thomas B. Akin is the Managing Member of the General Partner,
	Talkot Capital, LLC.

	For each Reporting Person:

	(a)	Amount Beneficially Owned:

	Talkot Fund, L.P., Talkot Capital, LLC 401(k) PSP, Thomas B.
	Akin, James H. Akin Trust, Karen Hochster Akin, Blair Spencer
	Akin and the Akin Family Foundation beneficially own 12,892,842
	shares of Common Stock.  Of such 12,892,842 shares of Common
	Stock, Talkot Fund, LP directly beneficially owns 4,610,332
	shares of Common Stock, Talkot Capital, LLC 401(k) PSP directly
	beneficially owns 677,093 shares of Common Stock, Thomas B.
	Akin directly beneficially owns 7,217,917 shares of Common
	Stock, James H. Akin Trust beneficially owns 85,000 shares
	of Common Stock, Karen Hochster Akin beneficially owns 25,000
	shares of Common Stock, Blair Spencer Akin beneficially owns
        177,500 shares of Common Stock, and the Akin Family Foundation
	beneficially owns 100,000 shares of Common Stock.

	(b)	Percent of Class:

		14.79%

	This percentage is based on 87,171,499 shares of Common Stock
	issued and outstanding as of November 4, 2022, as reported in Form
	10-Q filed with the Securities and Exchange Commission (the
	"Commission") on November 9, 2022.

	(c)	Number of shares to which each Reporting Person has:

		(i)	Sole power to vote or direct the vote:
			-0-

		(ii)	Shared power to vote or direct the vote:
			12,892,842

		(iii)	Sole power to dispose or to direct the
			disposition of:
			-0-

		(iv)	Shared power to dispose of or direct the
			disposition of:
			12,892,842

Item 5.		Ownership of Five Percent or Less of a Class:

		If this statement is being filed to report the fact that as
                of the date hereof the reporting person has ceased to be
                the beneficial owner of more than five percent of the class
                of securities, check the following: [ ]

Item 6.		Ownership of More than Five Percent on Behalf of Another
		Person:

Item 7.		Identification and Classification of the Subsidiary Which
		Acquired the Security Being Reported on By the Parent Holding
		Company:

Item 8.		Identification and Classification of Members of the Group:

Item 9.		Notice of Dissolution of Group:

Item 10.	Certification:

		By signing below I certify that, to the best of my knowledge
		and belief, the securities referred to above were not
		acquired and are not held for the purpose of or with the
		effect of changing or influencing the control of the issuer
		of the securities and were not acquired and are not held in
		connection with or as a participant in any transaction
		having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge, I certify that the
information set forth in this statement is true, complete and correct.

DATED:  March 6, 2023

/s/ Thomas Bruce Akin
Thomas Bruce Akin

TALKOT FUND, L.P.

By:  /s/  Thomas Bruce Akin
Thomas Bruce Akin, Managing Member of the General Partner

TALKOT CAPITAL, LLC 401(k) PSP

By:  /s/  Thomas Bruce Akin
Thomas Bruce Akin, Managing Member of the General Partner

JAMES H. AKIN TRUST

By:  /s/  Thomas Bruce Akin
Thomas Bruce Akin, Trustee

KAREN HOCHSTER AKIN

By:  /s/  Karen Hochster Akin
Karen Hochster Akin

BLAIR SPENCER AKIN

By:  /s/  Blair Spencer Akin
Blair Spencer Akin

AKIN FAMILY FOUNDATION

By:  /s/  Thomas Bruce Akin
Thomas Bruce Akin, Chairman

```