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
APOLLO COML REAL ESTATE FIN NOTE 5.375%10/1 03762UAC9 1,083 1,103,000 PRN   SOLE   1,103,000 0 0
BOWLERO CORP CL A COM 10258P102 3,877 367,824 SH   SOLE   367,824 0 0
BOWLERO CORP CL A COM 10258P102 3,887 368,777 SH   DFND 4 368,777 0 0
BOWLERO CORP CL A COM 10258P102 1,767 167,626 SH   DFND 1 167,626 0 0
CHESAPEAKE ENERGY CORP COM 165167735 4,470 55,117 SH   SOLE   55,117 0 0
CHESAPEAKE ENERGY CORP COM 165167735 4,936 60,858 SH   DFND 1 60,858 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 4,427 4,137,549 SH   DFND 1 4,137,549 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 3,687 3,446,085 SH   SOLE   3,446,085 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 373 348,687 SH   DFND 2 348,687 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 653 610,095 SH   DFND 4 610,095 0 0
COMMSCOPE HLDG CO INC COM 20337X109 2,334 381,409 SH   SOLE   381,409 0 0
COMMSCOPE HLDG CO INC COM 20337X109 2,734 446,783 SH   DFND 1 446,783 0 0
IHEARTMEDIA INC COM CL A 45174J509 1,089 138,000 SH   DFND 1 138,000 0 0
IHEARTMEDIA INC COM CL A 45174J509 1,081 137,000 SH   SOLE   137,000 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 1,950 105,000 SH   SOLE   105,000 0 0
IRSA INVERSIONES Y REP S A *W EXP 05/12/202 P5880C134 1 142,630 SH   DFND 3 142,630 0 0
ISHARES TR IBOXX INV CP ETF 464287242 45,121 410,000 SH   DFND 1 410,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 48,642 442,000 SH   SOLE   442,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 184,025 2,500,000 SH Put SOLE   2,500,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 16,055 94,800 SH Call DFND 1 94,800 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 23,118 136,500 SH Call SOLE   136,500 0 0
LIBERTY LATIN AMERICA LTD NOTE 2.000% 7/1 53069QAB5 2,299 2,690,000 PRN   DFND 2 2,690,000 0 0
LIBERTY LATIN AMERICA LTD NOTE 2.000% 7/1 53069QAB5 9,070 10,615,000 PRN   DFND 4 10,615,000 0 0
LIBERTY LATIN AMERICA LTD NOTE 2.000% 7/1 53069QAB5 5,541 6,485,000 PRN   SOLE   6,485,000 0 0
LIBERTY MEDIA CORP DEL DEB 3.750% 2/1 530715AL5 38,628 80,475,000 PRN   SOLE   80,475,000 0 0
LIBERTY MEDIA CORP DEL DEB 3.750% 2/1 530715AL5 4,140 8,625,000 PRN   DFND 2 8,625,000 0 0
LIBERTY MEDIA CORP DEL DEB 3.750% 2/1 530715AL5 11,508 23,975,000 PRN   DFND 4 23,975,000 0 0
LIBERTY MEDIA CORP DEL DEB 4.000%11/1 530715AG6 9,676 20,211,000 PRN   SOLE   20,211,000 0 0
LIBERTY MEDIA CORP DEL DEB 4.000%11/1 530715AG6 2,296 4,795,000 PRN   DFND 2 4,795,000 0 0
LIBERTY MEDIA CORP DEL DEB 4.000%11/1 530715AG6 8,421 17,590,000 PRN   DFND 4 17,590,000 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 8,497 584,794 SH   SOLE   584,794 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 1,218 83,857 SH   DFND 2 83,857 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 2,659 182,978 SH   DFND 4 182,978 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 2,335 160,700 SH   DFND 3 160,700 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 4,059 279,336 SH   DFND 1 279,336 0 0
MYT NETHERLANDS PARENT B V ADS 55406W103 1,284 130,000 SH   SOLE   130,000 0 0
NMI HLDGS INC CL A 629209305 2,631 158,000 SH   SOLE   158,000 0 0
NOBLE CORP NEW SHS G6610J209 7,855 309,871 SH   SOLE   309,871 0 0
NOBLE CORP NEW SHS G6610J209 978 38,588 SH   DFND 2 38,588 0 0
NOBLE CORP NEW SHS G6610J209 2,115 83,428 SH   DFND 4 83,428 0 0
NOBLE CORP NEW SHS G6610J209 6,170 243,383 SH   DFND 1 243,383 0 0
PEBBLEBROOK HOTEL TR NOTE 1.750%12/1 70509VAA8 6,563 7,290,000 PRN   SOLE   7,290,000 0 0
PEBBLEBROOK HOTEL TR NOTE 1.750%12/1 70509VAA8 2,593 2,880,000 PRN   DFND 2 2,880,000 0 0
PEBBLEBROOK HOTEL TR NOTE 1.750%12/1 70509VAA8 3,790 4,210,000 PRN   DFND 4 4,210,000 0 0
POLARIS INC COM 731068102 1,042 10,500 SH Put SOLE   10,500 0 0
QURATE RETAIL INC COM SER A 74915M100 878 306,000 SH   SOLE   306,000 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 244 15,574 SH   DFND 2 15,574 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 628 40,060 SH   SOLE   40,060 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 320,663 850,000 SH Put SOLE   850,000 0 0
TWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 90187BAB7 18,394 20,080,000 PRN   SOLE   20,080,000 0 0
VALARIS LIMITED CL A G9460G101 13,075 309,542 SH   SOLE   309,542 0 0
VALARIS LIMITED CL A G9460G101 12,847 304,148 SH   DFND 1 304,148 0 0
VISTRA CORP *W EXP 02/02/202 92840M128 4 14,178 SH   DFND 4 14,178 0 0
VISTRA CORP *W EXP 02/02/202 92840M128 4 15,211 SH   SOLE   15,211 0 0
WESTERN ASSET MORTGAGE CAPIT NOTE 6.750% 9/1 95790DAD7 24,202 28,520,000 PRN   SOLE   28,520,000 0 0