<SEC-DOCUMENT>0000922423-22-000025.txt : 20220516
<SEC-HEADER>0000922423-22-000025.hdr.sgml : 20220516
<ACCEPTANCE-DATETIME>20220516161510
ACCESSION NUMBER:		0000922423-22-000025
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220516
DATE AS OF CHANGE:		20220516
GROUP MEMBERS:		FRONTFOUR CAPITAL CORP.
GROUP MEMBERS:		FRONTFOUR CAPITAL GROUP LLC
GROUP MEMBERS:		FRONTFOUR MASTER FUND, LTD.
GROUP MEMBERS:		FRONTFOUR OPPORTUNITY FUND

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PhenixFIN Corp
		CENTRAL INDEX KEY:			0001490349
		IRS NUMBER:				274576073
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-86732
		FILM NUMBER:		22929204

	BUSINESS ADDRESS:	
		STREET 1:		445 PARK AVENUE
		STREET 2:		9TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-759-0777

	MAIL ADDRESS:	
		STREET 1:		445 PARK AVENUE
		STREET 2:		9TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Medley Capital Corp
		DATE OF NAME CHANGE:	20110118

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Medley Capital BDC LLC
		DATE OF NAME CHANGE:	20100426

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lorber David A
		CENTRAL INDEX KEY:			0001358538

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	MAIL ADDRESS:	
		STREET 1:		C/O FRONTFOUR CAPITAL GROUP LLC
		STREET 2:		35 MASON STREET, 4TH FLOOR
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>kl1012523_sc13da.htm
<DESCRIPTION>AMENDMENT NO. 1
<TEXT>
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    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">UNITED STATES<br>
      SECURITIES AND EXCHANGE COMMISSION<br>
      Washington, D.C. 20549</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">SCHEDULE 13D</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="text-align: center;">Under the Securities Exchange Act of 1934 (Amendment No. 1)</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-weight: bold;"><u>PHENIXFIN CORPORATION</u></font><br>
      (Name of Issuer)</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-weight: bold;"><u>Common Stock</u></font><br>
      (Title of Class of Securities)</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-weight: bold;"><u>71742W103</u></font><br>
      (CUSIP Number)</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">David Lorber,</div>
    <div style="text-align: center; font-weight: bold;">445 Park Avenue, 10<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor</div>
    <div style="text-align: center; font-weight: bold;">New York, NY 10022</div>
    <div style="text-align: center;"><font style="font-weight: bold;">(212) 859-0390</font><br>
      (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)</div>
    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-weight: bold;"><u>May 13, 2022</u></font><br>
      (Date of Event which Requires Filing of this Statement)</div>
    <div>&#160;</div>
    <div><br>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is
      filing this schedule because of Rule 13d&#8209;1(e), 13d-1(f) or 13d-1(g), check the following box:&#160;&#160;&#9744;</div>
    <div>&#160;</div>
    <div>&#160;</div>
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    <div style="text-align: center; font-weight: bold;">SCHEDULE 13D</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="2" border="0" id="z72e7d2a2a6ca45fe9b0d1e5305ca3201" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <div style="font-weight: bold;">CUSIP No.</div>
          </td>
          <td nowrap="nowrap" style="width: 41%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">&#160;71742W103</div>
          </td>
          <td style="width: 49.7%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-weight: bold;">Page 2 of 9 Pages</div>
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    <table cellspacing="0" cellpadding="5" border="0" id="z6b326a7008cc493fbb56225921d4a097" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

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          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">1</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>NAMES OF REPORTING PERSONS<br>
              I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
            <div> <br>
            </div>
            <div>David Lorber</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">2</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
            <div> <br>
            </div>
            <div>&#160;&#160;&#160;&#160;(a) [&#160; ]<br>
              &#160;&#160;&#160; (b) [&#160; ]</div>
            <div> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">3</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>SEC USE ONLY</div>
          </td>
        </tr>
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          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">4</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>SOURCE OF FUNDS (See Instructions)</div>
            <div> <br>
            </div>
            <div>PF, AF</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">5</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)</div>
            <div> <br>
            </div>
            <div>[&#160;&#160; ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">6</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div> <br>
            </div>
            <div>U.S. Citizen</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4" colspan="2">
            <div style="text-align: center;">NUMBER OF<br>
              SHARES<br>
              BENEFICIALLY&#160;<br>
              OWNED BY<br>
              EACH<br>
              REPORTING<br>
              PERSON<br>
              WITH</div>
          </td>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">7</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SOLE VOTING POWER</div>
            <div> <br>
            </div>
            <div>64,154</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">8</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SHARED VOTING POWER</div>
            <div> <br>
            </div>
            <div>84,748.116</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">9</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SOLE DISPOSITIVE POWER</div>
            <div> <br>
            </div>
            <div>64,154</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">10</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SHARED DISPOSITIVE POWER</div>
            <div> <br>
            </div>
            <div>84,748.116</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">11</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div> <br>
            </div>
            <div>148,902.116</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">12</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)&#160;</div>
            <div> <br>
            </div>
            <div>[&#160; ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">13</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div> <br>
            </div>
            <div>6.8%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">14</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>TYPE OF REPORTING PERSON (See Instructions)</div>
            <div> <br>
            </div>
            <div>IN</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 12%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>

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    <div>&#160;</div>
    <table cellspacing="0" cellpadding="2" border="0" id="z73b9a6086cae49e3b0977539c92c493b" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <div style="font-weight: bold;">CUSIP No.</div>
          </td>
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            <div style="font-weight: bold;">&#160;71742W103</div>
          </td>
          <td style="width: 49.7%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-weight: bold;">Page 3 of 9 Pages</div>
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    <div><br>
    </div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="5" border="0" id="z24046bdd465d4e0a9515330b55380845" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

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          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">1</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>NAMES OF REPORTING PERSONS<br>
              I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
            <div> <br>
            </div>
            <div>FrontFour Master Fund, Ltd.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">2</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
            <div> <br>
            </div>
            <div>&#160;&#160;&#160;&#160;(a) [&#160; ]<br>
              &#160;&#160;&#160; (b) [&#160; ]</div>
            <div> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">3</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>SEC USE ONLY</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">4</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>SOURCE OF FUNDS (See Instructions)</div>
            <div> <br>
            </div>
            <div>WC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">5</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)</div>
            <div> <br>
            </div>
            <div>[&#160;&#160; ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">6</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div> <br>
            </div>
            <div>Cayman Islands</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4" colspan="2">
            <div style="text-align: center;">NUMBER OF<br>
              SHARES<br>
              BENEFICIALLY&#160;<br>
              OWNED BY<br>
              EACH<br>
              REPORTING<br>
              PERSON<br>
              WITH</div>
          </td>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">7</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SOLE VOTING POWER</div>
            <div> <br>
            </div>
            <div>81,662.416</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">8</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SHARED VOTING POWER</div>
            <div> <br>
            </div>
            <div>0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">9</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SOLE DISPOSITIVE POWER</div>
            <div> <br>
            </div>
            <div>81,662.416</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">10</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SHARED DISPOSITIVE POWER</div>
            <div> <br>
            </div>
            <div>0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">11</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div> <br>
            </div>
            <div>81,662.416</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">12</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)&#160;</div>
            <div><br>
              [&#160; ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">13</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div> <br>
            </div>
            <div>3.7%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">14</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>TYPE OF REPORTING PERSON (See Instructions)</div>
            <div> <br>
            </div>
            <div>CO</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 12%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div> <br>
    </div>
    <div> <br>
    </div>
    <table cellspacing="0" cellpadding="2" border="0" id="zce9164b57b6c4627a3f88d61016659ae" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td nowrap="nowrap" style="width: 9%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">CUSIP No.</div>
          </td>
          <td nowrap="nowrap" style="width: 41%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">&#160;71742W103</div>
          </td>
          <td style="width: 49.7%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-weight: bold;">Page 4 of 9 Pages</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="5" border="0" id="z7027d3a3415e4b728ee93b8143814a4e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">1</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>NAMES OF REPORTING PERSONS<br>
              I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
            <div> <br>
            </div>
            <div>FrontFour Opportunity Fund</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">2</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
            <div> <br>
            </div>
            <div>&#160;&#160;&#160;&#160;(a) [&#160; ]<br>
              &#160;&#160;&#160; (b) [&#160; ]</div>
            <div> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">3</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>SEC USE ONLY</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">4</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>SOURCE OF FUNDS (See Instructions)</div>
            <div> <br>
            </div>
            <div>WC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">5</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)</div>
            <div> <br>
            </div>
            <div>[&#160;&#160; ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">6</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div> <br>
            </div>
            <div>British Columbia, Canada</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4" colspan="2">
            <div style="text-align: center;">NUMBER OF<br>
              SHARES<br>
              BENEFICIALLY&#160;<br>
              OWNED BY<br>
              EACH<br>
              REPORTING<br>
              PERSON<br>
              WITH</div>
          </td>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">7</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SOLE VOTING POWER</div>
            <div> <br>
            </div>
            <div>2,085.7</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">8</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SHARED VOTING POWER</div>
            <div> <br>
            </div>
            <div>0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">9</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SOLE DISPOSITIVE POWER</div>
            <div> <br>
            </div>
            <div>2,085.7</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">10</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SHARED DISPOSITIVE POWER</div>
            <div> <br>
            </div>
            <div>0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">11</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div> <br>
            </div>
            <div>2,085.7</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">12</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)&#160;</div>
            <div> <br>
            </div>
            <div>[&#160; ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">13</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div> <br>
            </div>
            <div>Less than 1%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">14</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>TYPE OF REPORTING PERSON (See Instructions)</div>
            <div> <br>
            </div>
            <div>OO</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 12%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="2" border="0" id="z473b15e945fd4a3daffbf2f8a295ec8e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td nowrap="nowrap" style="width: 9%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">CUSIP No.</div>
          </td>
          <td nowrap="nowrap" style="width: 41%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">&#160;71742W103</div>
          </td>
          <td style="width: 49.7%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-weight: bold;">Page 5 of 9 Pages</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="5" border="0" id="z68b2d386069f43429f889fd7c896763c" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">1</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>NAMES OF REPORTING PERSONS<br>
              I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
            <div> <br>
            </div>
            <div>FrontFour Capital Group LLC<br>
              20-5997207</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">2</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
            <div> <br>
            </div>
            <div>&#160;&#160;&#160;&#160;(a) [&#160; ]<br>
              &#160;&#160;&#160; (b) [&#160; ]</div>
            <div> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">3</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>SEC USE ONLY</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">4</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>SOURCE OF FUNDS (See Instructions)</div>
            <div> <br>
            </div>
            <div>AF</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">5</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)</div>
            <div> <br>
            </div>
            <div>[&#160;&#160; ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">6</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div> <br>
            </div>
            <div>Delaware</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4" colspan="2">
            <div style="text-align: center;">NUMBER OF<br>
              SHARES<br>
              BENEFICIALLY&#160;<br>
              OWNED BY<br>
              EACH<br>
              REPORTING<br>
              PERSON<br>
              WITH</div>
          </td>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">7</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SOLE VOTING POWER</div>
            <div> <br>
            </div>
            <div>81,662.416</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">8</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SHARED VOTING POWER</div>
            <div> <br>
            </div>
            <div>0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">9</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SOLE DISPOSITIVE POWER</div>
            <div> <br>
            </div>
            <div>81,662.416</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">10</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SHARED DISPOSITIVE POWER</div>
            <div> <br>
            </div>
            <div>0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">11</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div> <br>
            </div>
            <div>81,662.416</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">12</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)&#160;</div>
            <div> <br>
            </div>
            <div>[&#160; ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">13</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div> <br>
            </div>
            <div>3.7%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">14</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>TYPE OF REPORTING PERSON (See Instructions)</div>
            <div> <br>
            </div>
            <div>IA, OO</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 12%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="2" border="0" id="z7ee6849a749b436096c1a6ce10e4810f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td nowrap="nowrap" style="width: 9%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">CUSIP No.</div>
          </td>
          <td nowrap="nowrap" style="width: 41%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">&#160;71742W103</div>
          </td>
          <td style="width: 49.7%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-weight: bold;">Page 6 of 9 Pages</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="5" border="0" id="z3f6690ac678047fe97739e9e6d7d222a" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">1</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>NAMES OF REPORTING PERSONS<br>
              I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
            <div> <br>
            </div>
            <div>FrontFour Capital Corp.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">2</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
            <div> <br>
            </div>
            <div>&#160;&#160;&#160;&#160;(a) [&#160; ]<br>
              &#160;&#160;&#160; (b) [&#160; ]</div>
            <div> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">3</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>SEC USE ONLY</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">4</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>SOURCE OF FUNDS (See Instructions)</div>
            <div> <br>
            </div>
            <div>AF</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">5</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)</div>
            <div> <br>
            </div>
            <div>[&#160;&#160; ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">6</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div> <br>
            </div>
            <div>British Columbia, Canada</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4" colspan="2">
            <div style="text-align: center;">NUMBER OF<br>
              SHARES<br>
              BENEFICIALLY&#160;<br>
              OWNED BY<br>
              EACH<br>
              REPORTING<br>
              PERSON<br>
              WITH</div>
          </td>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">7</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SOLE VOTING POWER</div>
            <div> <br>
            </div>
            <div>2,085.7</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">8</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SHARED VOTING POWER</div>
            <div> <br>
            </div>
            <div>0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">9</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SOLE DISPOSITIVE POWER</div>
            <div> <br>
            </div>
            <div>2,085.7</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">10</div>
          </td>
          <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div>SHARED DISPOSITIVE POWER</div>
            <div> <br>
            </div>
            <div>0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">11</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div> <br>
            </div>
            <div>2,085.7</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">12</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)&#160;</div>
            <div> <br>
            </div>
            <div>[&#160; ]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">13</div>
          </td>
          <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div> <br>
            </div>
            <div>Less than 1%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">14</div>
          </td>
          <td style="vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);" colspan="3">
            <div>TYPE OF REPORTING PERSON (See Instructions)</div>
            <div> <br>
            </div>
            <div>CO</div>
          </td>
        </tr>
        <tr>
          <td style="width: 4%; vertical-align: middle;">&#160;</td>
          <td style="width: 12%; vertical-align: middle;">&#160;</td>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    </div>
    <div><br>
    </div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">SCHEDULE 13D</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">Schedule 13D</div>
    <div><br>
    </div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">
      <div>This amendment (this &#8220;<u>Amendment No. 1</u>&#8221;) to the Schedule 13D originally filed with the U.S. Securities and Exchange Commission (&#8220;<u>SEC</u>&#8221;) on December 20, 2021 (the &#8220;<u>Original Schedule 13D</u>&#8221;, and together with this Amendment No. 1, this &#8220;<u>Schedule 13D</u>&#8221;) by David A. Lorber, FrontFour Master Fund, Ltd., FrontFour Opportunity Fund, FrontFour Capital Group LLC and FrontFour Capital Corp. (collectively, the &#8220;<u>Reporting Persons</u>&#8221;), with respect to the common stock (the &#8220;<u>Common Stock&#8221;</u>) of PhenixFIN
        Corporation (the &#8220;<u>Company</u>&#8221;).&#160; This Amendment No. 1 amends the Original Schedule 13D as specifically set forth herein. <br>
      </div>
      <div>&#160; &#160; &#160;&#160; <br>
      </div>
      <div style="font-weight: bold;">Item 3. Source and Amount of Funds or Other Consideration</div>
      <div>&#160; &#160; &#160; &#160;&#160; <br>
      </div>
      <div>Item 3 is hereby amended as follows:</div>
      <div>&#160;</div>
      <div>The amount of funds used by Mr. Lorber to acquire the Common Stock beneficially owned by him and by his spouse&#8217;s individual retirement account (IRA), as to which he is
        deemed to have beneficial ownership, is $2,622,487, which was obtained from his personal funds.</div>
    </div>
    <div style="text-align: justify;">&#160;&#160;&#160;&#160;&#160;&#160; <br>
    </div>
    <div style="font-weight: bold;">Item 5. Interest in Securities of the Issuer</div>
    <div>&#160;</div>
    <div style="text-align: justify;">Items 5(a) &#8211; (c)&#160; are hereby amended as follows:</div>
    <div>&#160;</div>
    <div style="text-align: justify;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As of the date hereof, the Master Fund beneficially owned directly
        81,662.416 shares of Common Stock, the Canadian Fund beneficially owned directly 2,085.7 shares of Common Stock, Mr. Lorber beneficially owned 64,154 shares of Common Stock and Mr. Lorber is deemed to beneficially own 2,200 shares of Common Stock
        in his spouse&#8217;s IRA, constituting approximately 3.7%, less than 1%, 2.9% and less than 1%, respectively, of the shares of Common Stock outstanding.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
    <div>&#160;</div>
    <div style="text-align: justify;">Mr. Lorber, as a managing member and principal owner of FrontFour Capital and a principal owner of FrontFour Corp., may be deemed to beneficially own the 84,748.116
      shares of Common Stock beneficially owned in the aggregate by the Master Fund and the Canadian Fund, which, together with the 64,154 shares of Common Stock he beneficially owns and 2,200 shares of Common Stock which he is deemed to have beneficial
      ownership, constitute approximately 6.8% of the Common Stock outstanding.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">FrontFour Capital, as the investment manager of the Master Fund, may be deemed to beneficially own&#160; the 81,662.416 shares of Common Stock beneficially owned by the
      Master Fund, which constitute approximately 3.7% of the Common Stock outstanding.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">FrontFour Corp., as the investment manager of the Canadian Fund, may be deemed to beneficially own the 2,085.7 shares of Common Stock beneficially owned by the Canadian
      Fund, which constitute less than 1% of the Common Stock outstanding.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Mr. Lorber has the sole power to vote or dispose of 64,154 shares of
        Common Stock beneficially owned by him and 2,200 shares of Common Stock held in his spouse&#8217;s IRA as to which he has voting and dispositive power.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">By reason of his responsibility for the supervision and conduct of investment activities of the Master Fund and the Canadian Fund, as managing member and principal owner
      of FrontFour Capital and as director and principal owner of FrontFour Corp., respectively, Mr. Lorber may be deemed to possess the shared power to vote and dispose of the shares of Common Stock beneficially owned by the Master Fund and the Canadian
      Fund.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">By reason of its responsibility for the supervision and conduct of investment activities of the Master Fund as its investment manager, FrontFour Capital may be deemed to
      possess the sole power to vote and dispose of the shares of Common Stock beneficially owned by the Master Fund.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">By reason of its responsibility for the supervision and conduct of investment activities of the Canadian Fund as its investment manager, FrontFour Corp. may be deemed to
      possess the sole power to vote and dispose of the shares of Common Stock beneficially owned by the Canadian Fund.</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;"> &#160;&#160; <br>
      <hr noshade="noshade" align="left" style="text-align: left; background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
      <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> Percentages of the shares of Common Stock outstanding reported in this Schedule 13D are calculated based upon 2,203,711 shares of Common Stock
        outstanding, based on the number of shares of Common Stock outstanding as of May 9, 2022, as reported in the Company&#8217;s Quarterly Report on Form 10-Q filed with the SEC on May 10, 2022.</div>
      <div> <br>
      </div>
      <div> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div> <br>
      </div>
      <div>
        <div>(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The following purchases of Common Stock were made by Mr. Lorber in
            the past 60 days. All such purchases were made in the open market in routine brokerage transactions. Other than the transactions listed in the table below, there have been no transactions in the Common Stock effected by the Reporting Persons
            during the past 60 days.</div>
        <div>&#160;</div>
        <table cellspacing="0" cellpadding="5" border="0" id="z5ccb2cb6f4c646f6b01e135a40dab272" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 34%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                <div style="text-align: center;">Date</div>
              </td>
              <td style="width: 33.34%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">Number of Shares</div>
              </td>
              <td style="width: 33.34%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">Price Per Share</div>
              </td>
            </tr>
            <tr>
              <td style="width: 34%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                <div>3/16/22</div>
              </td>
              <td style="width: 33.34%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">3,154</div>
              </td>
              <td style="width: 33.34%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">$39.2438<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
              </td>
            </tr>
            <tr>
              <td style="width: 34%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                <div>5/11/22</div>
              </td>
              <td style="width: 33.34%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">12,379</div>
              </td>
              <td style="width: 33.34%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">$38.8826<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
              </td>
            </tr>
            <tr>
              <td style="width: 34%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                <div>5/12/22</div>
              </td>
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                <div style="text-align: center;">$38.7262<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></div>
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            </tr>
            <tr>
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                <div>5/13/22</div>
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                <div style="text-align: center;">$38.6389<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(4)</sup></div>
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            <tr>
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              </td>
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        <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup> The reported price is a weighted average price.&#160; These shares were purchased in multiple transactions at prices ranging from $39.04 to $39.28,
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        <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup> The reported price is a weighted average price.&#160; These shares were purchased in multiple transactions at prices ranging from $38.78 to $38.96,
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        <div>&#160;</div>
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      </div>
      <div> <br>
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    <div style="text-align: justify;"> <br>
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    <div style="text-align: justify; font-weight: bold;">Signature</div>
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    <div>&#160;</div>
    <div style="text-indent: 36pt;">After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement
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    <div>&#160;</div>
    <div>Dated:&#160;&#160; May 16, 2022</div>
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          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">&#160;</td>
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          <td style="width: 32%; vertical-align: top;">&#160;</td>
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          <td style="width: 32%; vertical-align: top;">&#160;</td>
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          <td style="width: 32%; vertical-align: top;">&#160;</td>
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</SEC-DOCUMENT>
