# EDGAR Filing Document

**Accession Number:** 0001596468
**File Stem:** 0001104659-23-021145
**Filing Date:** 2023-2
**Character Count:** 16517
**Document Hash:** 06fe91c320035393200eec608a69c56c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-021145.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001104659-23-021145

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Almitas Capital LLC
- **CENTRAL INDEX KEY:** 0001596468
- **IRS NUMBER:** 461753898
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19313
- **FILM NUMBER:** 23624982

**BUSINESS ADDRESS:**
- **STREET 1:** 1460 4TH STREET
- **STREET 2:** SUITE 300
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90401
- **BUSINESS PHONE:** 310-573-4343

**MAIL ADDRESS:**
- **STREET 1:** 1460 4TH STREET
- **STREET 2:** SUITE 300
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90401

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Almitas Capital LLC<br>**Address:** 1460 4th Street<br>Suite 300<br>Santa Monica, CA 90401

**Form 13F File Number:** 028-19313

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ronald Mass<br>**Title:** Managing Principal<br>**Phone:** 310-573-4343

**Signature, Place, and Date of Signing:**

/s/ Ronald Mass  Santa Monica, CA  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 128

**Form 13F Information Table Value Total:** $217004642

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABRDN ASIA PACIFIC INCOME FU | COM | 003009107 |  | 1376597 | 523421 | SH |  | SOLE |  | 0 | 0 | 0 |
| ABRDN GLOBAL INFRA INCOME FU | COM SHS BEN INT | 00326W106 |  | 251556 | 14780 | SH |  | SOLE |  | 0 | 0 | 0 |
| ADAMS DIVERSIFIED EQUITY FD | COM | 006212104 |  | 1224951 | 84247 | SH |  | SOLE |  | 0 | 0 | 0 |
| ADAM NAT RES FD INC | COM | 00548F105 |  | 6540 | 300 | SH |  | SOLE |  | 0 | 0 | 0 |
| ADECOAGRO S A | COM | L00849106 |  | 576918 | 69592 | SH |  | SOLE |  | 0 | 0 | 0 |
| ASA GOLD AND PRECIOUS MTLS L | SHS | G3156P103 |  | 2329825 | 162811 | SH |  | SOLE |  | 0 | 0 | 0 |
| BARINGS CORPORATE INVS | COM | 06759X107 |  | 1011193 | 72435 | SH |  | SOLE |  | 0 | 0 | 0 |
| BARINGS PARTN INVS SH BEN INT | SH BEN INT | 06761A103 |  | 2587336 | 210011 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK CAP ALLOCATION TR | COM | 09260U109 |  | 12840651 | 925786 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK CAP INVT CORP | COM | 092533108 |  | 2233590 | 617014 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK ESG CAP ALLC TR | SHS BEN INT | 09262F100 |  | 23491609 | 1749189 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK INNOVATION AND GRW | SHS BEN INT | 09260Q108 |  | 347017 | 50957 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 |  | 330792 | 30800 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK MUNIYIELD PA QLTY | COM | 09255G107 |  | 758313 | 68875 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK N Y MUN INCOME TRU SH BEN INT | SH BEN INT | 09248L106 |  | 42294 | 4200 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKSTONE LONG SHORT CR INC | SHS BEN INT | 09257D102 |  | 264810 | 24429 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKSTONE STRATEGIC CREDIT | SHS BEN IN | 09257R101 |  | 606890 | 57362 | SH |  | SOLE |  | 0 | 0 | 0 |
| BRIGHTSPIRE CAPITAL INC | COM CL A | 10949T109 |  | 1681140 | 269846 | SH |  | SOLE |  | 0 | 0 | 0 |
| CALAMOS LNG SHR EQT DYNAMIC | COM | 12812C106 |  | 173288 | 11408 | SH |  | SOLE |  | 0 | 0 | 0 |
| CARNIVAL PLC | ADR | 14365C103 |  | 3005 | 418 | SH |  | SOLE |  | 0 | 0 | 0 |
| CENTER COAST BRKFLD MLP ENRG | SHS BEN INT | 151461209 |  | 5130395 | 295700 | SH |  | SOLE |  | 0 | 0 | 0 |
| CENTRAL SECS CORP | COM | 155123102 |  | 585509 | 17536 | SH |  | SOLE |  | 0 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 203535 | 4500 | SH |  | SOLE |  | 0 | 0 | 0 |
| CLEARBRIDGE MLP AND MIDSTRM | COM | 18469Q207 |  | 2944914 | 104171 | SH |  | SOLE |  | 0 | 0 | 0 |
| CLEARBRIDGE ENERGY MIDSTRM O | COM | 18469P209 |  | 251680 | 8800 | SH |  | SOLE |  | 0 | 0 | 0 |
| CLEARBRIDGE MLP AND MIDSTRM | COM | 184692200 |  | 1015612 | 30444 | SH |  | SOLE |  | 0 | 0 | 0 |
| CRESCENT CAP BDC INC | COM | 225655109 |  | 1473994 | 115336 | SH |  | SOLE |  | 0 | 0 | 0 |
| CUSHING MLP  INFRASTRUCT | COM NEW | 231631300 |  | 1409873 | 41998 | SH |  | SOLE |  | 0 | 0 | 0 |
| DELAWARE ENHANCED GLOBAL DIV | COM | 246060107 |  | 594188 | 76178 | SH |  | SOLE |  | 0 | 0 | 0 |
| DELAWARE IVY HIGH INCOME OPP | COM | 246107106 |  | 159819 | 14582 | SH |  | SOLE |  | 0 | 0 | 0 |
| DESTRA MULTI-ALTERNATIVE FD | COMMON SHARES | 25065A502 |  | 50371 | 7375 | SH |  | SOLE |  | 0 | 0 | 0 |
| DTF TAX-FREE INCOME 2028 TER | COM | 23334J107 |  | 66322 | 6079 | SH |  | SOLE |  | 0 | 0 | 0 |
| DWS STRATEGIC MUN INCOME TR | COM | 23342Q101 |  | 356997 | 43696 | SH |  | SOLE |  | 0 | 0 | 0 |
| DYNEX CAP INC | COM | 26817Q886 |  | 3816344 | 300027 | SH |  | SOLE |  | 0 | 0 | 0 |
| EATON VANCE CALIF MUN BD FD | COM | 27828A100 |  | 2069090 | 239478 | SH |  | SOLE |  | 0 | 0 | 0 |
| EATON VANCE CALIF MUN INCOM SH BEN INT | SH BEN INT | 27826F101 |  | 459030 | 45995 | SH |  | SOLE |  | 0 | 0 | 0 |
| EATON VANCE NEW YORK MUN BD | COM | 27827Y109 |  | 2383685 | 264560 | SH |  | SOLE |  | 0 | 0 | 0 |
| ECOFIN SUSTAINABLE AND SOCIA | COM SH BEN INT | 27901F109 |  | 104086 | 8100 | SH |  | SOLE |  | 0 | 0 | 0 |
| ELLINGTON RESIDENTIAL MTG RE | SHS BEN INTCOM | 288578107 |  | 892335 | 130078 | SH |  | SOLE |  | 0 | 0 | 0 |
| ESSENT GROUP LTD | COM | G3198U102 |  | 167379 | 4305 | SH |  | SOLE |  | 0 | 0 | 0 |
| EUROPEAN EQUITY FD INC | COM | 298768102 |  | 21923 | 2923 | SH |  | SOLE |  | 0 | 0 | 0 |
| FEDERATED HERMES PREM MUNI I | COM | 31423P108 |  | 86101 | 8200 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST EAGLE ALTR CAP BDC INC | COM | 26943B100 |  | 1513288 | 355232 | SH |  | SOLE |  | 0 | 0 | 0 |
| FST TR NEW OPPORT MLP  ENE | COM | 33739M100 |  | 174785 | 28890 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR HIGH YIELD OPPRT 20 | COM | 33741Q107 |  | 958846 | 71131 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR ENERGY INFRASTRCTR | COM | 33738C103 |  | 432874 | 30019 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIRST TR MLP  ENERGY INCOM | COM | 33739B104 |  | 126881 | 16246 | SH |  | SOLE |  | 0 | 0 | 0 |
| FS CREDIT OPPORTUNITIES CORP | COMMON STOCK  ADDED | 30290Y101 |  | 1979396 | 420254 | SH |  | SOLE |  | 0 | 0 | 0 |
| FS KKR CAP CORP | COM | 302635206 |  | 1085613 | 62035 | SH |  | SOLE |  | 0 | 0 | 0 |
| FUSION ACQUISITION CORP II | UNIT 02/29/2028 | 36118N201 |  | 25075 | 2500 | SH |  | SOLE |  | 0 | 0 | 0 |
| GENERAL AMERN INVS CO INC | COM | 368802104 |  | 3007608 | 83198 | SH |  | SOLE |  | 0 | 0 | 0 |
| GLOBAL INDEMNITY GROUP LLC | COM CL A | 37959R103 |  | 114732 | 4922 | SH |  | SOLE |  | 0 | 0 | 0 |
| GOLDMAN SACHS MLP ENERGY REN | COM | 38148G206 |  | 1712315 | 133984 | SH |  | SOLE |  | 0 | 0 | 0 |
| GRANITE PT MTG TR | COM STK | 38741L107 |  | 135892 | 25353 | SH |  | SOLE |  | 0 | 0 | 0 |
| GREAT AJAX CORP | 7.25 CV SR NT 24 | 38983D409 |  | 16504427 | 689408 | SH |  | SOLE |  | 0 | 0 | 0 |
| GREAT AJAX CORP | COM | 38983D300 |  | 4776164 | 658781 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO PA VALUE MUN INC TR | COM | 46132K109 |  | 84604 | 8633 | SH |  | SOLE |  | 0 | 0 | 0 |
| JAPAN SMALLER CAPITALIZATION | COM | 47109U104 |  | 531088 | 81958 | SH |  | SOLE |  | 0 | 0 | 0 |
| KAYNE ANDERSON ENERGY INFRST | COM | 486606106 |  | 685245 | 80052 | SH |  | SOLE |  | 0 | 0 | 0 |
| KAYNE ANDERSON NEXTGEN ENRGY | COM | 48661E108 |  | 373240 | 49699 | SH |  | SOLE |  | 0 | 0 | 0 |
| KISMET ACQUISITION THREE COR | UNIT 99/99/9999  DELETED | G5276C128 |  | 32000 | 3200 | SH |  | SOLE |  | 0 | 0 | 0 |
| LADDER CAP CORP | CL A | 505743104 |  | 2643090 | 263256 | SH |  | SOLE |  | 0 | 0 | 0 |
| LMP CAP  INCOME FD INC | COM | 50208A102 |  | 67123 | 5575 | SH |  | SOLE |  | 0 | 0 | 0 |
| MAINSTAY CBRE GBL INFRSTR ME | COM | 56064Q107 |  | 1731489 | 126849 | SH |  | SOLE |  | 0 | 0 | 0 |
| MEXICO FD INC | COM | 592835102 |  | 642208 | 43569 | SH |  | SOLE |  | 0 | 0 | 0 |
| MEXICO EQUITY  INCOME FD | COM | 592834105 |  | 224356 | 25553 | SH |  | SOLE |  | 0 | 0 | 0 |
| MFA FINL INC | COM | 55272X607 |  | 7869569 | 798941 | SH |  | SOLE |  | 0 | 0 | 0 |
| MFS INVT GRADE MUN TR | SH BEN INT | 59318B108 |  | 861862 | 121048 | SH |  | SOLE |  | 0 | 0 | 0 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 1770665 | 136205 | SH |  | SOLE |  | 0 | 0 | 0 |
| MILLER HOWARD HIGH INC EQTY | COM SHS BEN IN | 600379101 |  | 1055095 | 100966 | SH |  | SOLE |  | 0 | 0 | 0 |
| MORGAN STANLEY EMKT DBT FD I | COM | 61744H105 |  | 110526 | 16900 | SH |  | SOLE |  | 0 | 0 | 0 |
| MORGAN STANLEY INDIA INVT FD | COM | 61745C105 |  | 1870382 | 92137 | SH |  | SOLE |  | 0 | 0 | 0 |
| MORGAN STANLEY CHINA A SH FD | COM | 617468103 |  | 337960 | 23800 | SH |  | SOLE |  | 0 | 0 | 0 |
| MORGAN STANLEY EMERGING MKTS | COM | 617477104 |  | 1791170 | 407084 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEUBERGER BERMAN MLP  ENERG | COM | 64129H104 |  | 74172 | 11137 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEW GERMANY FD INC | COM | 644465106 |  | 119139 | 15100 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEW YORK MTG TR INC | COM PAR $.02 | 649604501 |  | 3540597 | 1383046 | SH |  | SOLE |  | 0 | 0 | 0 |
| NICHOLAS FINL INC BC | COM NEW | 65373J209 |  | 577521 | 91670 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUVEEN CA QUALTY MUN INCOME | COM | 67066Y105 |  | 1242674 | 112256 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUVEEN CORE PLUS IMPACT FUND | COM BEN INT | 67080D103 |  | 4652936 | 449125 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUVEEN CORPORATE INCOME 2023 | COM | 67079F101 |  | 639783 | 70519 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUVEEN FLOATING RATE INCOME | COM | 67072T108 |  | 471992 | 59595 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUVEEN INT DUR QUAL MUN TRM | COM | 670677103 |  | 1413668 | 113184 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUVEEN INTER DURATION MUN TE | COM | 670671106 |  | 5830318 | 444384 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUVEEN MORTGAGE AND INCOME F | COM | 670735109 |  | 856391 | 52929 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUVEEN MULTI ASSET INCOME FU | COM | 670750108 |  | 62172 | 5411 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUVEEN NEW YORK AMT QLT MUNI | COM | 670656107 |  | 1302732 | 126972 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUVEEN OHIO QLTY MUN INCOME | COM | 670980101 |  | 327909 | 25840 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUVEEN PENNSYLVANIA QLT MUN | COM | 670972108 |  | 446124 | 40083 | SH |  | SOLE |  | 0 | 0 | 0 |
| NXG NEXTGEN INFRASTR INCM FD | COM | 231647207 |  | 982353 | 25669 | SH |  | SOLE |  | 0 | 0 | 0 |
| ORCHID IS CAP INC | COM NEW | 68571X301 |  | 5285732 | 503403 | SH |  | SOLE |  | 0 | 0 | 0 |
| PENNANTPARK INVT CORP | COM | 708062104 |  | 14020617 | 2438368 | SH |  | SOLE |  | 0 | 0 | 0 |
| PENNYMAC MTG INVT TR | COM | 70931T103 |  | 27766 | 2241 | SH |  | SOLE |  | 0 | 0 | 0 |
| PGIM GLOBAL HIGH YIELD FD FO | COM | 69346J106 |  | 225592 | 20811 | SH |  | SOLE |  | 0 | 0 | 0 |
| PGIM SHORT DUR HIG YLD OPP F | COM | 69355J104 |  | 86965 | 5920 | SH |  | SOLE |  | 0 | 0 | 0 |
| PHENIXFIN CORP | COM | 71742W103 |  | 476213 | 15337 | SH |  | SOLE |  | 0 | 0 | 0 |
| PIMCO ENERGY  TACTICAL CR O | COM SHS BEN INT | 69346N107 |  | 471357 | 31550 | SH |  | SOLE |  | 0 | 0 | 0 |
| PINE TECHNOLOGY ACQUISITN CO | UNIT 03/31/2028 | 722850203 |  | 239559 | 24028 | SH |  | SOLE |  | 0 | 0 | 0 |
| RADIAN GROUP INC | COM | 750236101 |  | 2134258 | 111917 | SH |  | SOLE |  | 0 | 0 | 0 |
| READING INTL INC | CL A | 755408101 |  | 1033141 | 372975 | SH |  | SOLE |  | 0 | 0 | 0 |
| SAFEGUARD SCIENTIFICS INC | COM NEW | 786449207 |  | 2469559 | 796632 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCULPTOR CAP MGMT | COM CL A | 811246107 |  | 4962 | 573 | SH |  | SOLE |  | 0 | 0 | 0 |
| SRH TOTAL RETURN FUND INC | COM | 101507101 |  | 344043 | 27090 | SH |  | SOLE |  | 0 | 0 | 0 |
| TAIWAN FD INC | COM | 874036106 |  | 1288976 | 55824 | SH |  | SOLE |  | 0 | 0 | 0 |
| TEMPLETON DRAGON FD INC | COM | 88018T101 |  | 102200 | 10000 | SH |  | SOLE |  | 0 | 0 | 0 |
| TEMPLETON GLOBAL INCOME FD | COM | 880198106 |  | 8349877 | 1928378 | SH |  | SOLE |  | 0 | 0 | 0 |
| TIPTREE INC | COM | 88822Q103 |  | 377832 | 27300 | SH |  | SOLE |  | 0 | 0 | 0 |
| TORTOISE ENERGY INFRA CORP | COM | 89147L886 |  | 38124 | 1200 | SH |  | SOLE |  | 0 | 0 | 0 |
| TORTOISE MIDSTRM ENERGY FD I | COM | 89148B200 |  | 5642063 | 163155 | SH |  | SOLE |  | 0 | 0 | 0 |
| TORTOISE PIPELINE  ENERGY F | COM | 89148H207 |  | 235965 | 8785 | SH |  | SOLE |  | 0 | 0 | 0 |
| VELOCITY FINL INC | COM | 92262D101 |  | 116958 | 12120 | SH |  | SOLE |  | 0 | 0 | 0 |
| VERTICAL CAP INCOME FD | SHS BEN INT | 92535C104 |  | 4757655 | 546229 | SH |  | SOLE |  | 0 | 0 | 0 |
| VIRTUS TOTAL RETURN FD INC | COM | 92835W107 |  | 27 | 4 | SH |  | SOLE |  | 0 | 0 | 0 |
| VOYA INFRASTRUCTURE INDLS | COM | 92912X101 |  | 84364 | 9200 | SH |  | SOLE |  | 0 | 0 | 0 |
| WESTERN ASST INFLTN LKD INM | COM SH BEN INT | 95766Q106 |  | 20070 | 2331 | SH |  | SOLE |  | 0 | 0 | 0 |
| WESTERN ASSET INTER MUNI FD | COM | 958435109 |  | 844289 | 111237 | SH |  | SOLE |  | 0 | 0 | 0 |
| WESTERN ASSET INVT GRADE DEF | COM | 95790A101 |  | 174196 | 10700 | SH |  | SOLE |  | 0 | 0 | 0 |
| WESTERN ASSET MTG CAP CORP | COM | 95790D204 |  | 1187552 | 130357 | SH |  | SOLE |  | 0 | 0 | 0 |
| WESTERN ASSET MTG DEFINED OP | COM | 95790B109 |  | 11093 | 1030 | SH |  | SOLE |  | 0 | 0 | 0 |
| WESTERN ASSET GLOBAL CORP DE | COM | 95790C107 |  | 6091 | 477 | SH |  | SOLE |  | 0 | 0 | 0 |
| WESTERN AST INFL LKD OPP  I | COM | 95766R104 |  | 2679262 | 293457 | SH |  | SOLE |  | 0 | 0 | 0 |
| WHEELER REAL ESTATE INVT TR | PFD CNV SER D | 963025606 |  | 2121129 | 165197 | SH |  | SOLE |  | 0 | 0 | 0 |
| CHICKEN SOUP FOR THE SOUL EN | *W EXP 10/22/202 | 16842Q134 |  | 37 | 2000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| GETAROUND INC | *W EXP 03/09/202  ADDED | 37427G119 |  | 112 | 2459 | PRN |  | SOLE |  | 0 | 0 | 0 |
| MFA FINL INC | NOTE 6.250% 6/1 | 55272XAA0 |  | 1581465 | 1767000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| PENNYMAC CORP | NOTE 5.500% 3/1 | 70932AAF0 |  | 404687 | 500000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| TWO HARBORS INVENTMENT CORPO | NOTE 6.250% 1/1 | 90187BAB7 |  | 3633308 | 4250000 | PRN |  | SOLE |  | 0 | 0 | 0 |
| WESTERN ASSET MORTGAGE CAPIT | NOTE 6.750% 9/1 | 95790DAD7 |  | 2376000 | 2750000 | PRN |  | SOLE |  | 0 | 0 | 0 |

---