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
ASCENT CAP GROUP INC NOTE 4.000% 7/1 043632AA6 6,346 8,000,000 PRN   SOLE N/A 8,000,000 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 15,286 510,057 SH   SOLE N/A 510,057 0 0
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 6,425 769,407 SH   SOLE N/A 769,407 0 0
COBALT INTL ENERGY INC NOTE 3.125% 5/1 19075FAB2 3,786 18,941,000 PRN   SOLE N/A 18,941,000 0 0
DISH NETWORK CORP CL A 25470M109 1,784 32,900 SH Call SOLE N/A 32,900 0 0
DISH NETWORK CORP CL A 25470M109 8,926 164,594 SH   SOLE N/A 164,594 0 0
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 15,279 13,606,000 PRN   SOLE N/A 13,606,000 0 0
ENPRO INDS INC COM 29355X107 23,132 287,243 SH   SOLE N/A 287,243 0 0
EVERI HLDGS INC COM 30034T103 14,084 1,855,579 SH   SOLE N/A 1,855,579 0 0
FOSSIL GROUP INC COM 34988V106 3,732 400,000 SH Put SOLE N/A 400,000 0 0
GAP INC DEL COM 364760108 906 36,400 SH Put SOLE N/A 36,400 0 0
GRAY TELEVISION INC COM 389375106 16,661 1,061,209 SH   SOLE N/A 1,061,209 0 0
HALCON RES CORP COM PAR NEW 40537Q605 15,563 2,288,739 SH   SOLE N/A 2,288,739 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 4,999 1,237,432 SH   SOLE N/A 1,237,432 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 184,128 1,242,600 SH Put SOLE N/A 1,242,600 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 6,840 138,190 SH   SOLE N/A 138,190 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 24,003 332,544 SH   SOLE N/A 332,544 0 0
MATLIN & PARTNERS ACQUISITIO *W EXP 05/28/202 57682V114 146 379,941 SH   SOLE N/A 379,941 0 0
MATLIN & PARTNERS ACQUISITIO CL A 57682V106 2,236 229,841 SH   SOLE N/A 229,841 0 0
MIDSTATES PETE CO INC COM PAR 59804T407 13,099 842,943 SH   SOLE N/A 842,943 0 0
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 2,201 1,073,698 SH   SOLE N/A 1,073,698 0 0
NEW YORK REIT INC COM 64976L109 12,612 1,606,624 SH   SOLE N/A 1,606,624 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 18,201 292,155 SH   SOLE N/A 292,155 0 0
OCWEN FINL CORP COM NEW 675746309 9,327 2,711,324 SH   SOLE N/A 2,711,324 0 0
PINNACLE ENTMT INC NEW COM 72348Y105 16,233 761,776 SH   SOLE N/A 761,776 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 11,084 345,838 SH   SOLE N/A 345,838 0 0
SM ENERGY CO COM 78454L100 7,505 423,034 SH   SOLE N/A 423,034 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 45,221 180,000 SH Put SOLE N/A 180,000 0 0
TWITTER INC NOTE 0.250% 9/1 90184LAB8 14,396 15,194,000 PRN   SOLE N/A 15,194,000 0 0
WALTER INVT MGMT CORP NOTE 4.500%11/0 93317WAA0 1,051 5,835,000 PRN   SOLE N/A 5,835,000 0 0