Crossingbridge Advisors, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	CONFLUENT INC 0 1/15/2027	24,827,000	$24,169	6.8%	$0.97	—	Convertible Bond	20717MAB9
—	BENTLEY SYSTEMS INC 0.125 1/15/2026	22,500,000	$22,513	6.3%	$1.00	—	Convertible Bond	08265TAB5
—	FUBOTV INC 3.25 2/15/2026	21,076,000	$21,320	6.0%	$1.01	—	Convertible Bond	35953DAB0
—	DROPBOX INC 0 3/1/2026	20,000,000	$19,860	5.6%	$0.99	—	Convertible Bond	26210CAC8
—	VAIL RESORTS INC 0 1/1/2026	14,926,000	$14,933	4.2%	$1.00	—	Convertible Bond	91879QAN9
CEPO	CANTOR EQUITY PARTNERS I-A	913,747	$9,512	2.7%	$10.46	0.0%	Common	G1827K107
GLIBK	GCI LIBERTY INC-CL C	250,000	$8,980	2.5%	$35.09	0.0%	Common	36164V800
LOKV	LIVE OAK ACQUISITION CORP-A	793,121	$8,155	2.3%	$10.27	0.0%	Equity	G5509P102
SOUL	SOULPOWER ACQUISITION CO-A	708,220	$7,188	2.0%	$10.15	0.0%	Common	G82745103
SBXD	SILVERBOX CORP IV-A	637,732	$6,741	1.9%	$10.53	0.0%	Common	G81354105
IPCX	INFLECTION POINT ACQUISITI-A	649,756	$6,589	1.9%	$10.15	0.0%	Common	G47875102
CRAC	CROWN RESERVE ACQUISITI-CL A	600,900	$5,973	1.7%	$9.91	0.0%	Common	G2574F119
—	ZIFF DAVIS INC 1.75 11/1/2026	6,000,000	$5,853	1.6%	$0.98	—	Convertible Bond	48123VAE2
HAVAU	HARVARD AVE ACQUISITION CORP	500,000	$5,023	1.4%	$10.05	—	Unit	G4330A129
BEBE/U	TGE VALUE CREATIVE SOLUTIONS	450,000	$4,473	1.3%	$9.94	—	Common	G8773E126
FACT	FACT II ACQUISITION CORP	344,613	$3,581	1.0%	$10.35	0.0%	Common	G32901103
EMIS	EMMIS ACQUISITION CORP-CL A	349,494	$3,479	1.0%	$9.97	0.0%	Common	G3037D105
GIWWU	GIGCAPITAL8 CORP	274,996	$2,801	0.8%	$10.19	—	Unit	G3864J126
APXTU	APEX TREASURY CORP	275,000	$2,764	0.8%	$10.05	—	Common	G04104116
—	JAMF HOLDING CORP 0.125 9/1/2026	2,600,000	$2,570	0.7%	$0.99	—	Convertible Bond	47074LAB1
CRANU	CRANE HARBOR ACQUISITION CORP	250,000	$2,515	0.7%	$10.06	—	Common	G25014120
MACI	MELAR ACQUISITION CORP I-A	211,535	$2,245	0.6%	$10.58	0.0%	Common	G6004G100
VHCPU	VINE HILL CAPITAL INVESTMENT	200,000	$2,007	0.6%	$10.04	—	Common	G9709D125
LAFAU	LAFAYETTE ACQUISITION CORP	198,999	$1,994	0.6%	$10.02	—	Unit	G53426121
WSTNU	WESTIN ACQUISITION CORP	175,000	$1,757	0.5%	$10.04	—	Common	G9584S122
SVAC	SPRING VALLEY ACQUISITION-A	150,000	$1,543	0.4%	$10.32	0.0%	Common	G8377R101
EVOXU	EVOLUTION GLOBAL ACQUISITION	150,000	$1,508	0.4%	$10.05	—	Unit	G3226F127
AEAQU	Activate Energy Acquisition Corp	150,000	$1,502	0.4%	$10.01	—	Common	G0081J129
GPACU	GENERAL PURPOSE ACQUISITION	150,000	$1,500	0.4%	$10.00	—	Unit	G3810N122
TWLVU	TWELVE SEAS INVESTMENT CO II	150,000	$1,493	0.4%	$9.95	—	Unit	G9145D127
CAEP	Cantor Equity Partners III Inc	944,463	$1,449	0.4%	$10.37	0.0%	Common	G1828A108
LRN	STRIDE INC	20,000	$1,324	0.4%	$90.80	0.0%	Common	86333M108
HCACU	HALL CHADWICK ACQUISITION CO	125,000	$1,254	0.4%	$10.03	—	Unit	G42386121
MMTXU	MILUNA ACQUISITION CORP	125,000	$1,247	0.4%	$9.98	—	Unit	G6180J126
BPACU	BLUEPORT ACQUISITION LTD	100,000	$1,009	0.3%	$10.09	—	Unit	G1196A128
LFACU	LEAPFROG ACQUISITION CORP	100,000	$1,000	0.3%	$10.00	—	Unit	G5414D129
MESHU	MESHFLOW ACQUISITION CORP	100,000	$1,000	0.3%	$10.00	—	Unit	G6032N127
BIXIU	Bitcoin Infrastructure Acquisition Corp Ltd	100,000	$996	0.3%	$9.96	—	Unit	G1143H127
LPAA	LAUNCH ONE ACQUISITION CORP	82,926	$878	0.2%	$10.54	0.0%	Equity	G5S86M100
SPY	SPDR S&P 500 ETF TRUST EQUITY HEDGEFUND 0.1	2,000	$815	0.2%	$407.68	—	Common	78462F103
DSACU	DAEDALUS SPECIAL ACQUISITION	80,000	$803	0.2%	$10.04	—	Unit	G2616C124
SCIIU	SC II ACQUISITION CORP	75,000	$755	0.2%	$10.07	—	Unit	G7866D128
IGACU	INVEST GREEN ACQUISITION COR	75,000	$752	0.2%	$10.03	—	Unit	G4924G128
ITHAU	ITHAX ACQUISITION CORP III	75,000	$748	0.2%	$9.97	—	Unit	G4977S128
YCY/U	AA MISSION ACQUISITION CORP	50,000	$504	0.1%	$10.09	—	Common	G1000S117
VACI/U	Viking Acquisition Corp I	50,000	$504	0.1%	$10.07	—	Common	G9582G120
BLRKU	BLUEROCK ACQUISITION CORP	50,000	$500	0.1%	$10.00	—	Unit	G1352R121
CRACU	CROWN RESERVE ACQUISITION CO	45,000	$454	0.1%	$10.09	—	Unit	G2574F101
CCIX	CHURCHILL CAPITAL CORP IX	449,070	$449	0.1%	$10.65	0.0%	Common	G21301109
ANSC	AGRICULTURE & NATURAL SOLUTIONS	361,550	$362	0.1%	$11.09	0.0%	Common	G0131Y100
SAC/U	SAFEGUARD ACQUISITION CORP	32,607	$328	0.1%	$10.05	—	Common	G77676123
PLMK	PLUM ACQUISITION CORP IV	25,000	$262	0.1%	$10.41	0.0%	Common	G7134A104
DYORU	Insight Digital Partners II	24,985	$253	0.1%	$10.12	—	Unit	G4814G121
BDCI	BTC Development Corp	25,000	$250	0.1%	$10.10	0.0%	Common	G0701G109
CAPN	Cayson Acquisition Corp	8,643	$92	0.0%	$10.54	0.0%	Common	G1993W109
MGTE	MARBLEGATE CAPITAL CORP	8,844	$20	0.0%	$1.92	0.0%	Common	56608R108
—	VERANO HOLDINGS CORP	12,234	$16	0.0%	$1.27	—	Common	92338D101
JACS	Jackson Acquisition Co II	17	$0	0.0%	$10.42	0.0%	Common	G4992A110
UPHL	UPHEALTH INC	533,414	$0	0.0%	$0.00	0.0%	Common	91532B200

Increased Positions (14)

— BRAEMAR HOTELS & RESORTS 4.5 6/1/2026 4.4%

Value ($000) $15,740 (+129.2%) Shares 16,000,000 (+128.6%) Est. Cost $0.97 Unrealized —

EEFT EURONET WORLDWIDE INC 3.9%

Value ($000) $13,915 (+147.5%) Shares 111,355 (+147.5%) Est. Cost $85.20 Unrealized -8.5%

VACH VOYAGER ACQUISITION CORP 0.8%

Value ($000) $2,748 (+460.5%) Shares 259,371 (+454.5%) Est. Cost $10.50 Unrealized +0.2%

KCHV KOCHAV DEFENSE ACQUISITION-A 0.3%

Value ($000) $1,200 (-60.1%) Shares 1,200,005 (+300.0%) Est. Cost $10.09 Unrealized +0.2%

INGM INGRAM MICRO HOLDING CORP 0.9%

Value ($000) $3,089 (+105.4%) Shares 139,600 (+99.4%) Est. Cost $20.87 Unrealized +3.9%

— CABLE ONE INC 0 3/15/2026 1.0%

Value ($000) $3,455 (+76.9%) Shares 3,500,000 (+75.0%) Est. Cost $0.98 Unrealized —

IYR ISHARES US REAL ESTATE ETF 0.3%

Value ($000) $943 (+288.6%) Shares 10,000 (+300.0%) Est. Cost $94.27 Unrealized —

SMA SMARTSTOP SELF STORAGE REIT 0.2%

Value ($000) $630 (+235.0%) Shares 20,000 (+300.0%) Est. Cost $32.65 Unrealized —

FGMC FG Merger II Corp 0.2%

Value ($000) $610 (+149.3%) Shares 60,904 (+148.8%) Est. Cost $9.90 Unrealized +1.2%

DTSQ DT Cloud Star Acquisition Corp 0.2%

Value ($000) $538 (+105.0%) Shares 50,000 (+100.0%) Est. Cost $10.33 Unrealized +3.4%

SELF GLOBAL SELF STORAGE INC 0.1%

Value ($000) $178 (+3434.1%) Shares 35,271 (+3427.1%) Est. Cost $5.05 Unrealized —

AHH ARMADA HOFFLER PROPERTIES INC 0.1%

Value ($000) $397 (+25.7%) Shares 60,000 (+33.3%) Est. Cost $6.95 Unrealized —

KVAC KEEN VISION ACQUISITION CORP 0.2%

Value ($000) $835 (+10.6%) Shares 71,032 (+8.9%) Est. Cost $11.52 Unrealized +1.3%

AXR AMREP CORP 0.0%

Value ($000) $65 (+30.0%) Shares 65,000 (+30.0%) Est. Cost $26.87 Unrealized -19.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	BRAEMAR HOTELS & RESORTS 4.5 6/1/2026	16,000,000 (+128.6%)	$15,740 (+129.2%)	4.4%	$0.97	—	Convertible Bond	10482BAB7
EEFT	EURONET WORLDWIDE INC	111,355 (+147.5%)	$13,915 (+147.5%)	3.9%	$85.20	-8.5%	Common	298736109
VACH	VOYAGER ACQUISITION CORP	259,371 (+454.5%)	$2,748 (+460.5%)	0.8%	$10.50	+0.2%	Common	G93A7H104
KCHV	KOCHAV DEFENSE ACQUISITION-A	1,200,005 (+300.0%)	$1,200 (-60.1%)	0.3%	$10.09	+0.2%	Common	G5304D106
INGM	INGRAM MICRO HOLDING CORP	139,600 (+99.4%)	$3,089 (+105.4%)	0.9%	$20.87	+3.9%	Common	457152106
—	CABLE ONE INC 0 3/15/2026	3,500,000 (+75.0%)	$3,455 (+76.9%)	1.0%	$0.98	—	Convertible Bond	12685JAE5
IYR	ISHARES US REAL ESTATE ETF	10,000 (+300.0%)	$943 (+288.6%)	0.3%	$94.27	—	Common	464287739
SMA	SMARTSTOP SELF STORAGE REIT	20,000 (+300.0%)	$630 (+235.0%)	0.2%	$32.65	—	Common	83192D402
FGMC	FG Merger II Corp	60,904 (+148.8%)	$610 (+149.3%)	0.2%	$9.90	+1.2%	Common	30334J102
DTSQ	DT Cloud Star Acquisition Corp	50,000 (+100.0%)	$538 (+105.0%)	0.2%	$10.33	+3.4%	Common	G2853N106
SELF	GLOBAL SELF STORAGE INC	35,271 (+3427.1%)	$178 (+3434.1%)	0.1%	$5.05	—	Common	37955N106
AHH	ARMADA HOFFLER PROPERTIES INC	60,000 (+33.3%)	$397 (+25.7%)	0.1%	$6.95	—	Common	04208T108
KVAC	KEEN VISION ACQUISITION CORP	71,032 (+8.9%)	$835 (+10.6%)	0.2%	$11.52	+1.3%	Common	G52443119
AXR	AMREP CORP	65,000 (+30.0%)	$65 (+30.0%)	0.0%	$26.87	-19.7%	Common	032159105

Exited Positions (32)

— Q2 HOLDINGS INC 0.125 11/15/2025 5.3%

Value ($000) $18,951 Shares 19,095,000 Est. Cost $0.99 Unrealized —

— VERINT SYSTEMS INC 0.25 4/15/2026 4.1%

Value ($000) $14,711 Shares 14,975,000 Est. Cost $0.98 Unrealized —

— REDFIN CORP 0 10/15/2025 2.8%

Value ($000) $10,010 Shares 10,000,000 Est. Cost $1.00 Unrealized —

— ARRAY TECHNOLOGIES INC 1 12/1/2028 1.0%

Value ($000) $3,699 Shares 4,250,000 Est. Cost $0.80 Unrealized —

— Emmis Acquisition Corp 1.0%

Value ($000) $3,494 Shares 350,000 Est. Cost $9.98 Unrealized —

— Patria Latin American Opportunity Acquisition Corp 0.7%

Value ($000) $2,393 Shares 193,796 Est. Cost $11.61 Unrealized —

AFJK Aimei Health Technology Co Ltd 0.6%

Value ($000) $2,188 Shares 193,270 Est. Cost $11.08 Unrealized +77.2%

OTGAU OTG Acquisition Corp I 0.6%

Value ($000) $2,014 Shares 200,000 Est. Cost $10.07 Unrealized —

LIFZF LABRADOR IRON ORE ROYALTY CO 0.5%

Value ($000) $1,909 Shares 25,000 Est. Cost $20.49 Unrealized +2.2%

RENEF CARTESIAN GROWTH CORP II 0.5%

Value ($000) $1,708 Shares 140,587 Est. Cost $11.92 Unrealized +2.2%

SVACU Spring Valley Acquisition Corp III 0.4%

Value ($000) $1,545 Shares 150,000 Est. Cost $10.30 Unrealized —

APAD A Paradise Acquisition Corp 0.4%

Value ($000) $1,485 Shares 150,000 Est. Cost $9.89 Unrealized +1.1%

OAKU Oak Woods Acquisition Corp 0.4%

Value ($000) $1,356 Shares 112,638 Est. Cost $11.82 Unrealized +2.7%

BLUW Blue Water Acquisition Corp III 0.3%

Value ($000) $979 Shares 98,041 Est. Cost $9.97 Unrealized +1.6%

— CORECARD CORP 0.2%

Value ($000) $673 Shares 25,000 Est. Cost $26.92 Unrealized —

FLNG FLEX LNG LTD 0.2%

Value ($000) $630 Shares 25,000 Est. Cost $20.45 Unrealized +22.4%

EMCGF Embrace Change Acquisition Corp 0.2%

Value ($000) $551 Shares 45,470 Est. Cost $11.60 Unrealized -1.7%

— DREAM RESIDENTIAL REAL ESTATE 0.1%

Value ($000) $528 Shares 50,000 Est. Cost $10.55 Unrealized —

CEPF Cantor Equity Partners IV Inc 0.1%

Value ($000) $510 Shares 50,000 Est. Cost $10.15 Unrealized +2.4%

BDCIU BTC Development Corp 0.1%

Value ($000) $505 Shares 50,000 Est. Cost $10.10 Unrealized —

CBL CBL & ASSOCIATES PROPERTIES 0.1%

Value ($000) $459 Shares 15,000 Est. Cost $25.89 Unrealized —

BALY BALLY'S CORP 0.1%

Value ($000) $389 Shares 35,000 Est. Cost $11.20 Unrealized +45.9%

GLIBA GCI LIBERTY INC-CL A 0.1%

Value ($000) $386 Shares 386,072 Est. Cost $35.52 Unrealized -1.2%

RANG RANGE CAPITAL ACQUISITION CO 0.1%

Value ($000) $286 Shares 285,700 Est. Cost $9.99 Unrealized +4.9%

PLYM PLYMOUTH INDUSTRIAL REIT INC 0.1%

Value ($000) $223 Shares 10,000 Est. Cost $16.20 Unrealized —

LCCC Lakeshore Acquisition III Corp 0.1%

Value ($000) $221 Shares 21,937 Est. Cost $10.05 Unrealized +1.0%

NMPAR NMP ACQUISITION RIGHTS 0.0%

Value ($000) $150 Shares 150,000 Est. Cost $1.00 Unrealized —

HCBC HIGH COUNTRY BANCORP INC 0.0%

Value ($000) $57 Shares 1,800 Est. Cost $30.73 Unrealized +10.7%

— December 25 Calls on SMRT US 0.5 12/19/2025 0.0%

Value ($000) $8 Shares 100 Est. Cost — Unrealized —

HSPOF Horizon Space Acquisition I Corp 0.0%

Value ($000) $8 Shares 633 Est. Cost $12.14 Unrealized +3.5%

FVNNR Future Vision II Acquisition Corp 0.0%

Value ($000) $8 Shares 50,000 Est. Cost $0.13 Unrealized —

BLUWW Blue Water Acquisition Corp III 0.0%

Value ($000) $7 Shares 49,020 Est. Cost $0.14 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Q2 HOLDINGS INC 0.125 11/15/2025	19,095,000	$18,951	5.3%	$0.99	—	—	74736LAF6
—	VERINT SYSTEMS INC 0.25 4/15/2026	14,975,000	$14,711	4.1%	$0.98	—	—	92343XAC4
—	REDFIN CORP 0 10/15/2025	10,000,000	$10,010	2.8%	$1.00	—	—	75737FAC2
—	ARRAY TECHNOLOGIES INC 1 12/1/2028	4,250,000	$3,699	1.0%	$0.80	—	—	04271TAB6
—	Emmis Acquisition Corp	350,000	$3,494	1.0%	$9.98	—	—	G3037D121
—	Patria Latin American Opportunity Acquisition Corp	193,796	$2,393	0.7%	$11.61	—	—	G69454109
AFJK	Aimei Health Technology Co Ltd	193,270	$2,188	0.6%	$11.08	+77.2%	—	G01341109
OTGAU	OTG Acquisition Corp I	200,000	$2,014	0.6%	$10.07	—	—	G6791A126
LIFZF	LABRADOR IRON ORE ROYALTY CO	25,000	$1,909	0.5%	$20.49	+2.2%	—	505440107
RENEF	CARTESIAN GROWTH CORP II	140,587	$1,708	0.5%	$11.92	+2.2%	—	G19305112
SVACU	Spring Valley Acquisition Corp III	150,000	$1,545	0.4%	$10.30	—	—	G8377R127
APAD	A Paradise Acquisition Corp	150,000	$1,485	0.4%	$9.89	+1.1%	—	G04819101
OAKU	Oak Woods Acquisition Corp	112,638	$1,356	0.4%	$11.82	+2.7%	—	67190B104
BLUW	Blue Water Acquisition Corp III	98,041	$979	0.3%	$9.97	+1.6%	—	G1368E106
—	CORECARD CORP	25,000	$673	0.2%	$26.92	—	—	45816D100
FLNG	FLEX LNG LTD	25,000	$630	0.2%	$20.45	+22.4%	—	G35947202
EMCGF	Embrace Change Acquisition Corp	45,470	$551	0.2%	$11.60	-1.7%	—	G3034H109
—	DREAM RESIDENTIAL REAL ESTATE	50,000	$528	0.1%	$10.55	—	—	26154C102
CEPF	Cantor Equity Partners IV Inc	50,000	$510	0.1%	$10.15	+2.4%	—	G1828E100
BDCIU	BTC Development Corp	50,000	$505	0.1%	$10.10	—	—	G0701G125
CBL	CBL & ASSOCIATES PROPERTIES	15,000	$459	0.1%	$25.89	—	—	124830878
BALY	BALLY'S CORP	35,000	$389	0.1%	$11.20	+45.9%	—	05875B304
GLIBA	GCI LIBERTY INC-CL A	386,072	$386	0.1%	$35.52	-1.2%	—	36164V602
RANG	RANGE CAPITAL ACQUISITION CO	285,700	$286	0.1%	$9.99	+4.9%	—	G7375C108
PLYM	PLYMOUTH INDUSTRIAL REIT INC	10,000	$223	0.1%	$16.20	—	—	729640102
LCCC	Lakeshore Acquisition III Corp	21,937	$221	0.1%	$10.05	+1.0%	—	G5353S103
NMPAR	NMP ACQUISITION RIGHTS	150,000	$150	0.0%	$1.00	—	—	G6375X112
HCBC	HIGH COUNTRY BANCORP INC	1,800	$57	0.0%	$30.73	+10.7%	—	42965Q107
—	December 25 Calls on SMRT US 0.5 12/19/2025	100	$8	0.0%	—	—	CALL	83193G907
HSPOF	Horizon Space Acquisition I Corp	633	$8	0.0%	$12.14	+3.5%	—	G4619M109
FVNNR	Future Vision II Acquisition Corp	50,000	$8	0.0%	$0.13	—	—	G37068114
BLUWW	Blue Water Acquisition Corp III	49,020	$7	0.0%	$0.14	—	—	G1368E114

Decreased Positions (11)

IBAC IB Acquisition Corp 0.2%

Value ($000) $735 (-85.5%) Shares 70,000 (-85.5%) Est. Cost $10.04 Unrealized +4.1%

CTO CTO REALTY GROWTH INC 0.2%

Value ($000) $717 (-83.2%) Shares 45,000 (-83.2%) Est. Cost $16.50 Unrealized —

— MAGNITE INC 0.25 3/15/2026 4.2%

Value ($000) $14,998 (-10.4%) Shares 15,125,000 (-11.7%) Est. Cost $0.96 Unrealized —

MKLYU MCKINLEY ACQUISITION CORP 0.3%

Value ($000) $1,242 (-49.9%) Shares 123,355 (-50.3%) Est. Cost $9.99 Unrealized —

VNME VENDOME ACQUISITION CORP-A 1.1%

Value ($000) $3,761 (-20.3%) Shares 375,000 (-21.1%) Est. Cost $9.92 Unrealized +1.1%

GTERA GLOBA TERRA ACQUISITION CO-A 1.6%

Value ($000) $5,550 (-14.5%) Shares 550,000 (-15.4%) Est. Cost $9.96 Unrealized +0.8%

BCAR D. BORAL ARC ACQUISIT - CL A 0.7%

Value ($000) $2,341 (-18.8%) Shares 233,359 (-19.6%) Est. Cost $9.91 Unrealized +1.2%

APACU STONEBRIDGE ACQUISITION II CORP 0.2%

Value ($000) $753 (-39.8%) Shares 75,000 (-40.0%) Est. Cost $10.00 Unrealized —

PINE ALPINE INCOME PROPERTY TRUST 0.5%

Value ($000) $1,853 (+14.5%) Shares 112,674 (-2.0%) Est. Cost $16.70 Unrealized —

FSHP FLAG SHIP ACQUISITION CORP 0.4%

Value ($000) $1,383 (-2.3%) Shares 128,552 (-3.3%) Est. Cost $10.52 Unrealized +1.6%

EURK EUREKA ACQUISITION CORP 0.4%

Value ($000) $1,442 (+0.8%) Shares 131,689 (-1.6%) Est. Cost $10.64 Unrealized +1.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBAC	IB Acquisition Corp	70,000 (-85.5%)	$735 (-85.5%)	0.2%	$10.04	+4.1%	Common	44934N108
CTO	CTO REALTY GROWTH INC	45,000 (-83.2%)	$717 (-83.2%)	0.2%	$16.50	—	Common	22948Q101
—	MAGNITE INC 0.25 3/15/2026	15,125,000 (-11.7%)	$14,998 (-10.4%)	4.2%	$0.96	—	Convertible Bond	55955DAB6
MKLYU	MCKINLEY ACQUISITION CORP	123,355 (-50.3%)	$1,242 (-49.9%)	0.3%	$9.99	—	Equity	G6005T127
VNME	VENDOME ACQUISITION CORP-A	375,000 (-21.1%)	$3,761 (-20.3%)	1.1%	$9.92	+1.1%	Common	G9580A109
GTERA	GLOBA TERRA ACQUISITION CO-A	550,000 (-15.4%)	$5,550 (-14.5%)	1.6%	$9.96	+0.8%	Common	G3933N116
BCAR	D. BORAL ARC ACQUISIT - CL A	233,359 (-19.6%)	$2,341 (-18.8%)	0.7%	$9.91	+1.2%	Common	G2616F101
APACU	STONEBRIDGE ACQUISITION II CORP	75,000 (-40.0%)	$753 (-39.8%)	0.2%	$10.00	—	Common	G85096124
PINE	ALPINE INCOME PROPERTY TRUST	112,674 (-2.0%)	$1,853 (+14.5%)	0.5%	$16.70	—	Common	02083X103
FSHP	FLAG SHIP ACQUISITION CORP	128,552 (-3.3%)	$1,383 (-2.3%)	0.4%	$10.52	+1.6%	Common	G3530C109
EURK	EUREKA ACQUISITION CORP	131,689 (-1.6%)	$1,442 (+0.8%)	0.4%	$10.64	+1.9%	Common	G32168109

Unchanged Positions (21)

— DAYFORCE INC 0.25 3/15/2026 5.3%

Value ($000) $18,971 Shares 19,100,000 Est. Cost $0.98 Unrealized —

GPK GRAPHIC PACKAGING HOLDING CO 0.2%

Value ($000) $835 Shares 55,000 Est. Cost $28.00 Unrealized -41.3%

— AIRBNB INC 0 3/15/2027 5.2%

Value ($000) $18,344 Shares 18,520,000 Est. Cost $0.97 Unrealized —

AAT AMERICAN ASSETS TRUST INC 0.2%

Value ($000) $662 Shares 35,000 Est. Cost $19.85 Unrealized —

NMP NMP ACQUISITION CORP - A 1.4%

Value ($000) $4,960 Shares 495,000 Est. Cost $9.92 Unrealized +0.9%

— GUESS INC 3.75 4/15/2028 1.1%

Value ($000) $4,002 Shares 4,000,000 Est. Cost $1.01 Unrealized —

WELNF Integrated Wellness Acquisition Corp 0.2%

Value ($000) $691 Shares 53,530 Est. Cost $11.70 Unrealized +6.6%

QETA Quetta Acquisition Corp 0.2%

Value ($000) $871 Shares 76,750 Est. Cost $10.65 Unrealized +6.3%

VMCAF Valuence Merger Corp I 0.2%

Value ($000) $714 Shares 57,558 Est. Cost $12.03 Unrealized +3.3%

SOCAU SOLARIUS CAPITAL ACQUISITION 0.3%

Value ($000) $1,019 Shares 100,000 Est. Cost $10.09 Unrealized —

BKHA Black Hawk Acquisition Corp 0.2%

Value ($000) $597 Shares 53,024 Est. Cost $10.98 Unrealized +2.5%

BFS SAUL CENTERS INC 0.3%

Value ($000) $947 Shares 30,000 Est. Cost $37.24 Unrealized —

— ASPIRE BIOPHARMA HOLDINGS INC 0.0%

Value ($000) $3 Shares 24,348 Est. Cost $0.30 Unrealized —

ASBPW ASPIRE BIOPHARMA HOLDINGS INC WRNT 0.0%

Value ($000) $1 Shares 49,846 Est. Cost $0.06 Unrealized —

CHECU CHENGHE ACQUISITION III CO 0.1%

Value ($000) $351 Shares 35,000 Est. Cost $9.98 Unrealized —

DTSQR DT CLOUD STAR ACQUISITION Rights 0.0%

Value ($000) $21 Shares 149,968 Est. Cost $0.15 Unrealized —

QSEA QUARTZSEA ACQUISITION CORP 0.0%

Value ($000) $140 Shares 140,189 Est. Cost $10.02 Unrealized +1.6%

WSR WHITESTONE REIT 0.1%

Value ($000) $184 Shares 30,000 Est. Cost $10.16 Unrealized —

TDAC TRANSLATIONAL DEVELOPMENT ACQ. 0.1%

Value ($000) $250 Shares 250,000 Est. Cost $10.05 Unrealized +3.8%

CHAR CHARLTON ARIA ACQUISITI-CL A 0.0%

Value ($000) $115 Shares 115,000 Est. Cost $9.93 Unrealized +4.8%

COLA COLUMBUS ACQUISITION CORP 0.0%

Value ($000) $118 Shares 118,214 Est. Cost $10.07 Unrealized +2.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	DAYFORCE INC 0.25 3/15/2026	19,100,000	$18,971	5.3%	$0.98	—	Convertible Bond	15677JAD0
GPK	GRAPHIC PACKAGING HOLDING CO	55,000	$835	0.2%	$28.00	-41.3%	Common	388689101
—	AIRBNB INC 0 3/15/2027	18,520,000	$18,344	5.2%	$0.97	—	Convertible Bond	009066AB7
AAT	AMERICAN ASSETS TRUST INC	35,000	$662	0.2%	$19.85	—	Common	024013104
NMP	NMP ACQUISITION CORP - A	495,000	$4,960	1.4%	$9.92	+0.9%	Common	G6375X104
—	GUESS INC 3.75 4/15/2028	4,000,000	$4,002	1.1%	$1.01	—	Convertible Bond	401617AF2
WELNF	Integrated Wellness Acquisition Corp	53,530	$691	0.2%	$11.70	+6.6%	Common	G4828B100
QETA	Quetta Acquisition Corp	76,750	$871	0.2%	$10.65	+6.3%	Common	74841A105
VMCAF	Valuence Merger Corp I	57,558	$714	0.2%	$12.03	+3.3%	Common	G9R16L100
SOCAU	SOLARIUS CAPITAL ACQUISITION	100,000	$1,019	0.3%	$10.09	—	Unit	G82617120
BKHA	Black Hawk Acquisition Corp	53,024	$597	0.2%	$10.98	+2.5%	Common	G1148A101
BFS	SAUL CENTERS INC	30,000	$947	0.3%	$37.24	—	Common	804395101
—	ASPIRE BIOPHARMA HOLDINGS INC	24,348	$3	0.0%	$0.30	—	Common	738920107
ASBPW	ASPIRE BIOPHARMA HOLDINGS INC WRNT	49,846	$1	0.0%	$0.06	—	Warrant	738920115
CHECU	CHENGHE ACQUISITION III CO	35,000	$351	0.1%	$9.98	—	Unit	G2086N113
DTSQR	DT CLOUD STAR ACQUISITION Rights	149,968	$21	0.0%	$0.15	—	Rights	G2853N114
QSEA	QUARTZSEA ACQUISITION CORP	140,189	$140	0.0%	$10.02	+1.6%	Common	G7314B104
WSR	WHITESTONE REIT	30,000	$184	0.1%	$10.16	—	Common	966084204
TDAC	TRANSLATIONAL DEVELOPMENT ACQ.	250,000	$250	0.1%	$10.05	+3.8%	Common	G9008W105
CHAR	CHARLTON ARIA ACQUISITI-CL A	115,000	$115	0.0%	$9.93	+4.8%	Common	G9877L107
COLA	COLUMBUS ACQUISITION CORP	118,214	$118	0.0%	$10.07	+2.3%	Common	G2295P107