SC 13G/A 1 MHLD.SCH13G.3.6.2023.txt 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

SEC Form SC 13G/A filed by Maiden Holdings Ltd. (Amendment)