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
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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
ASCENT CAP GROUP INC NOTE 4.000% 7/1 043632AA6 6,231 8,130,000 PRN   SOLE N/A 8,130,000 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 4,159 122,156 SH   SOLE N/A 122,156 0 0
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 2,844 748,533 SH   SOLE N/A 748,533 0 0
COBALT INTL ENERGY INC NOTE 3.125% 5/1 19075FAB2 3,954 15,206,000 PRN   SOLE N/A 15,206,000 0 0
CONSTELLIUM NV CL A N22035104 13,426 2,065,495 SH   SOLE N/A 2,065,495 0 0
DISH NETWORK CORP CL A 25470M109 2,089 32,900 SH Call SOLE N/A 32,900 0 0
DISH NETWORK CORP CL A 25470M109 16,093 253,473 SH   SOLE N/A 253,473 0 0
ENPRO INDS INC COM 29355X107 23,591 331,524 SH   SOLE N/A 331,524 0 0
EVERI HLDGS INC COM 30034T103 10,747 2,243,682 SH   SOLE N/A 2,243,682 0 0
FORTERRA INC COM 34960W106 18,518 949,645 SH   SOLE N/A 949,645 0 0
GAP INC DEL COM 364760108 884 36,400 SH Put SOLE N/A 36,400 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 3,367 1,055,546 SH   SOLE N/A 1,055,546 0 0
GRAY TELEVISION INC COM 389375106 15,603 1,076,051 SH   SOLE N/A 1,076,051 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 4,198 947,702 SH   SOLE N/A 947,702 0 0
HORNBECK OFFSHORE SVCS INC N NOTE 1.500% 9/0 440543AN6 7,161 10,850,000 PRN   SOLE N/A 10,850,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 130,606 950,000 SH Put SOLE N/A 950,000 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 12,971 329,223 SH   SOLE N/A 329,223 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 24,298 301,536 SH   SOLE N/A 301,536 0 0
MATLIN & PARTNERS ACQUISITIO UNIT 05/28/2021A 57682V205 5,010 500,000 SH   SOLE N/A 500,000 0 0
MIDSTATES PETE CO INC COM PAR 59804T407 9,705 526,026 SH   SOLE N/A 526,026 0 0
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 2,103 1,016,148 SH   SOLE N/A 1,016,148 0 0
NEW YORK REIT INC COM 64976L109 12,410 1,280,744 SH   SOLE N/A 1,280,744 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 12,174 173,542 SH   SOLE N/A 173,542 0 0
PINNACLE ENTMT INC NEW COM 72348Y105 9,172 469,899 SH   SOLE N/A 469,899 0 0
QUORUM HEALTH CORP COM 74909E106 1,154 212,160 SH   SOLE N/A 212,160 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 12,139 299,727 SH   SOLE N/A 299,727 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 42,433 180,000 SH Put SOLE N/A 180,000 0 0
TWITTER INC NOTE 0.250% 9/1 90184LAB8 8,789 9,336,000 PRN   SOLE N/A 9,336,000 0 0
VERSO CORP CL A 92531L207 1,103 183,875 SH   SOLE N/A 183,875 0 0
WALTER INVT MGMT CORP COM 93317W102 265 245,431 SH   SOLE N/A 245,431 0 0
WALTER INVT MGMT CORP NOTE 4.500%11/0 93317WAA0 1,923 5,900,000 PRN   SOLE N/A 5,900,000 0 0