The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNC INVT CORP COM 00123Q104 42,320 4,000,000 SH   SOLE   4,000,000 0 0
ANNALY CAPITAL MANAGEMENT IN COM 035710409 25,350 5,000,000 SH   SOLE   5,000,000 0 0
BOYD GAMING CORP COM 103304101 5,768 400,000 SH   SOLE   400,000 0 0
CHENIERE ENERGY INC NOTE 4.250% 3/1 16411RAG4 7,429 11,280,000 PRN   SOLE   0 0 0
DISH NETWORK CORPORATION CL A 25470M109 249,757 12,494,087 SH   SOLE   12,494,087 0 0
DISH NETWORK CORPORATION NOTE 3.375% 8/1 25470MAB5 129,448 160,805,000 PRN   SOLE   0 0 0
ENSCO JERSEY FIN LTD NOTE 3.000% 1/3 29359WAB1 5,305 22,000,000 PRN   SOLE   0 0 0
ISHARES TR IBOXX INV CP ETF 464287242 329,772 2,670,000 SH   SOLE   2,670,000 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 9,743 190,000 SH   SOLE   190,000 0 0
PARK HOTELS RESORTS INC COM 700517105 19,775 2,500,000 SH   SOLE   2,500,000 0 0
PG&E CORP COM 69331C108 899 100,000 SH   SOLE   100,000 0 0
SEADRILL LTD COM G7998G106 2,863 6,657,192 SH   SOLE   6,657,192 0 0
SURGERY PARTNERS INC COM 86881A100 12,462 1,908,402 SH   SOLE   1,908,402 0 0
VALARIS PLC SHS CLASS A G9402V109 897 1,993,750 SH   SOLE   1,993,750 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 31,640 400,000 SH   SOLE   400,000 0 0
VICI PPTYS INC COM 925652109 21,632 1,300,000 SH   SOLE   1,300,000 0 0
WESCO INTL INC COM 95082P105 548 24,000 SH   SOLE   24,000 0 0