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
BLACKROCK FLOAT RATE OME STR COM 09255X100 1,632 126,533 SH   SOLE N/A 126,533 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 1,287 96,244 SH   SOLE N/A 96,244 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 4,249 133,182 SH   SOLE N/A 133,182 0 0
COBALT INTL ENERGY INC NOTE 3.125% 5/1 19075FAB2 4,600 8,750,000 PRN   SOLE N/A 8,750,000 0 0
DISH NETWORK CORP CL A 25470M109 5,782 101,119 SH   SOLE N/A 101,119 0 0
ENPRO INDS INC COM 29355X107 3,512 80,115 SH   SOLE N/A 80,115 0 0
GLOBALSTAR INC COM 378973408 2,858 1,985,000 SH   SOLE N/A 1,985,000 0 0
GRAY TELEVISION INC COM 389375106 10,441 640,552 SH   SOLE N/A 640,552 0 0
INVESCO SR INCOME TR COM 46131H107 1,616 399,915 SH   SOLE N/A 399,915 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 74,982 665,800 SH Put SOLE N/A 665,800 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 8,614 211,585 SH   SOLE N/A 211,585 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 13,612 187,500 SH   SOLE N/A 187,500 0 0
NEXSTAR BROADCASTING GROUP I CL A 65336K103 4,202 71,580 SH   SOLE N/A 71,580 0 0
SCORPIO BULKERS INC COM Y7546A122 412 41,666 SH   SOLE N/A 41,666 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 3,620 190,544 SH   SOLE N/A 190,544 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 1,976 60,711 SH   SOLE N/A 60,711 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 16,310 80,000 SH Put SOLE N/A 80,000 0 0
TERRAFORM PWR INC CL A COM 88104R100 1,321 105,000 SH   SOLE N/A 105,000 0 0
TRAVELPORT WORLDWIDE LTD SHS G9019D104 7,747 600,515 SH   SOLE N/A 600,515 0 0
TRIBUNE MEDIA CO CL A 896047503 9,082 268,611 SH   SOLE N/A 268,611 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 1,625 321,111 SH   SOLE N/A 321,111 0 0
XERIUM TECHNOLOGIES INC COM NEW 98416J118 326 27,521 SH   SOLE N/A 27,521 0 0