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

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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
ALTICE USA INC CL A 02156K103 34,611 1,552,740 SH   SOLE 1,552,740 0 0
AMBAC FINL GROUP INC *W EXP 04/30/202 023139116 213 39,906 SH   SOLE 39,906 0 0
BARRICK GOLD CORPORATION COM 067901108 12,604 688,000 SH   SOLE 688,000 0 0
BAUSCH HEALTH COS INC COM 071734107 133,990 8,644,507 SH   SOLE 8,644,507 0 0
BAUSCH HEALTH COS INC CALL 071734907 7,395 295,800 SH Call SOLE 295,800 0 0
DISCOVERY INC COM SER A 25470F104 34,294 1,764,074 SH   SOLE 1,764,074 0 0
EAGLE BULK SHIPPING INC SHS NEW Y2187A143 25,487 13,779,832 SH   SOLE 13,779,832 0 0
EURONAV NV ANTWERPEN SHS B38564108 13,952 1,236,890 SH   SOLE 1,236,890 0 0
FOX CORP CL A COM 35137L105 10,412 440,639 SH   SOLE 440,639 0 0
HCA HEALTHCARE INC COM 40412C101 27,245 303,226 SH   SOLE 303,226 0 0
LAUREATE EDUCATION INC CL A 518613203 3,541 336,899 SH   SOLE 336,899 0 0
NATURAL RESOURCE PARTNERS L COM UNIT LTD PAR 63900P608 6,837 560,450 SH   SOLE 560,450 0 0
OI SA SPONSORED ADR NE 670851500 12,446 28,057,918 SH   SOLE 28,057,918 0 0
ORANGE SPONSORED ADR 684060106 4,996 407,390 SH   SOLE 407,390 0 0
SHAW COMMUNICATIONS INC CL B CONV 82028K200 22,703 1,401,040 SH   SOLE 1,401,040 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 11,622 722,743 SH   SOLE 722,743 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 2,634 182,884 SH   SOLE 182,884 0 0
VISTRA ENERGY CORP COM 92840M102 142,268 8,914,006 SH   SOLE 8,914,006 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 10,890 790,876 SH   SOLE 790,876 0 0
WILLIAMS COS INC COM 969457100 22,176 1,567,213 SH   SOLE 1,567,213 0 0