SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Bounty Investments, LLC (Last) (First) (Middle) C/O RENOVA US MANAGEMENT LLC 601 LEXINGTON AVENUE, 58TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 06/09/2010	3. Issuer Name and Ticker or Trading Symbol Deerfield Capital Corp. [ DFR ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	4,545,455	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Senior Subordinated Convertible Notes due 2017	06/09/2010	12/08/2017(1)	Common Stock	4,132,231	$6.05(2)	D
Short Put Option (Obligation to Purchase Convertible Notes)(3)(4)	(5)	12/08/2017(5)	Common Stock	(3)(4)	$6.05(2)	D

1. Name and Address of Reporting Person* Bounty Investments, LLC (Last) (First) (Middle) C/O RENOVA US MANAGEMENT LLC 601 LEXINGTON AVENUE, 58TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Santa Maria Overseas Ltd. (Last) (First) (Middle) 2ND TERRACE WEST (Street) CENTREVILLE, NASSAU C5 00000 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Mayflower Trust (Last) (First) (Middle) C/O RENOVA US MANAGEMENT LLC 601 LEXINGTON AVENUE, 58TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* TZ Columbus Services Ltd (Last) (First) (Middle) PASEA ESTATE, P.O. BOX 958 (Street) ROAD TOWN, TORTOLA D8 00000 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The Senior Subordinated Convertible Notes due 2017 (the "Convertible Notes") of Deerfield Capital Corp. (the "Issuer") are convertible into shares of Common Stock until 5:00 PM New York City time on December 8, 2017, which is the business day immediately prior to the date that the Convertible Notes mature unless the Company elects to redeem all or any portion of the Convertible Notes early on or after June 9, 2012.

2. The values set forth in these fields are based upon the stated conversion rate of 165.29 shares per $1,000 principal amount of Convertible Notes or approximately $6.05 per share. Following certain corporate events that occur prior to maturity, including, without limitation, distributions of stock, stock splits or stock combinations, cash dividends, payments in tender or exchange offers, issuances of equity-linked securities and spin-off transactions, the conversion rate for a holder who elects to convert its Convertible Notes in connection with such corporate event will be adjusted.

3. Bounty Investments, LLC ("Bounty") is in a short ownership position with respect to a put option owned by the Issuer. The Issuer may, in its sole discretion, pay up to 50% of the interest due on the Convertible Notes in "pay-in-kind" interest (the "PIK Interest") by issuing additional Convertible Notes to Bounty on each quarterly interest payment date so long as the payment of PIK Interest would not be prohibited by, or constitute a default under, any other indebtedness or preferred stock of the Issuer or any of its subsidiaries. (continued on the next footnote...)

4. (continued from the last footnote)... To the extent that the Issuer has elected to pay any interest in PIK Interest, then the Issuer will pay interest at a per annum rate of (i) 10% during the period from June 9, 2010 to June 8, 2012, (ii) 11% during the period from June 9, 2012 to June 8, 2013 and (iii) 12% during the period from June 9, 2013 to December 9, 2017, unless the Company elects to redeem all or any portion of the Convertible Notes on or after June 9, 2012. Assuming that the Issuer pays the maximum amount of PIK Interest allowed, the Reporting Persons may be deemed to beneficially own an additional $6.514 million in aggregate principal amount of Convertible Notes, which will be convertible into approximately 1,076,637 shares of Common Stock based upon the stated conversion rate of 165.29 shares per $1,000 principal amount of Convertible Notes, or approximately $6.05 per share of Common Stock, which is subject to adjustment as discussed in Footnote (2).

5. The Issuer may exercise its right to issue PIK Interest on any quarterly interest payment date under the Convertible Notes until the maturity date thereof as discussed in Footnote (1).

Remarks:

This Form 3 report is being filed jointly by (i) Bounty, (ii) Santa Maria Overseas Ltd., a Bahamanian company ("Santa Maria"), (iii) Mayflower Trust, a Cayman Islands trust ("Mayflower") and (iv) TZ Columbus Services Limited, a British Virgin Islands corporation ("TZ", and together with Bounty, Santa Maria and Mayflower, the "Reporting Persons"). The securities reported on this Form 3 report are directly held by Bounty. Santa Maria owns 80% of the equity interests of Bounty. Mayflower owns 100% of the equity interests of Santa Maria. TZ is the trustee of Mayflower.

	/s/ Andrew Intrater, Chief Executive Officer	06/18/2010
	/s/ Andrew Intrater, Attorney-in-fact	06/18/2010
	/s/ Andrew Intrater, Attorney-in-fact	06/18/2010
	/s/ Andrew Intrater, Attorney-in-fact	06/18/2010
	** Signature of Reporting Person	Date
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