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 6,852 9,789,000 PRN   SOLE N/A 9,789,000 0 0
BOYD GAMING CORP COM 103304101 18,084 534,239 SH   SOLE N/A 534,239 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 18,507 889,745 SH   SOLE N/A 889,745 0 0
CAESARS ENTMT CORP COM 127686103 6,663 650,000 SH   SOLE N/A 650,000 0 0
CONSTELLIUM NV CL A N22035104 14,318 1,159,348 SH   SOLE N/A 1,159,348 0 0
DISH NETWORK CORP CL A 25470M109 7,119 199,071 SH   SOLE N/A 199,071 0 0
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 43,661 45,648,000 PRN   SOLE N/A 45,648,000 0 0
DITECH HLDG CORP *W EXP 02/09/202 25501G113 14 51,516 SH   SOLE N/A 51,516 0 0
DITECH HLDG CORP *W EXP 02/09/202 25501G121 9 68,670 SH   SOLE N/A 68,670 0 0
EVERI HLDGS INC COM 30034T103 14,953 1,630,630 SH   SOLE N/A 1,630,630 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 5,125 1,817,349 SH   SOLE N/A 1,817,349 0 0
GLOBALSTAR INC COM 378973408 1,016 2,000,000 SH   SOLE N/A 2,000,000 0 0
GOGO INC COM 38046C109 5,666 1,091,790 SH   SOLE N/A 1,091,790 0 0
GOGO INC NOTE 3.750% 3/0 38046CAB5 10,070 10,731,000 PRN   SOLE N/A 10,731,000 0 0
GRAY TELEVISION INC COM 389375106 24,186 1,382,036 SH   SOLE N/A 1,382,036 0 0
HALCON RES CORP COM PAR NEW 40537Q605 9,752 2,181,580 SH   SOLE N/A 2,181,580 0 0
INTELSAT S A COM L5140P101 12,361 412,045 SH   SOLE N/A 412,045 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 256,499 1,521,800 SH Put SOLE N/A 1,521,800 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 7,632 168,102 SH   SOLE N/A 168,102 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 4,062 88,065 SH   SOLE N/A 88,065 0 0
MATLIN & PARTNERS ACQUISITIO *W EXP 05/28/202 57682V114 285 379,941 SH   SOLE N/A 379,941 0 0
MIDSTATES PETE CO INC COM PAR 59804T407 8,488 952,616 SH   SOLE N/A 952,616 0 0
MUDRICK CAP ACQUISITION CORP *W EXP 02/12/202 624745113 262 400,000 SH   SOLE N/A 400,000 0 0
MUDRICK CAP ACQUISITION CORP COM CLASS A 624745105 3,886 400,000 SH   SOLE N/A 400,000 0 0
NEW YORK REIT INC COM NEW 64976L208 3,216 177,311 SH   SOLE N/A 177,311 0 0
OI S A SPONSORED ADR NE 670851500 3,035 1,111,799 SH   SOLE N/A 1,111,799 0 0
PG&E CORP COM 69331C108 7,639 166,030 SH   SOLE N/A 166,030 0 0
PRETIUM RES INC COM 74139C102 11,871 1,559,889 SH   SOLE N/A 1,559,889 0 0
QUORUM HEALTH CORP COM 74909E106 1,699 290,000 SH   SOLE N/A 290,000 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 4,457 410,000 SH   SOLE N/A 410,000 0 0
SEADRILL LTD COM G7998G106 2,779 112,144 SH   SOLE N/A 112,144 0 0
SM ENERGY CO COM 78454L100 8,037 254,905 SH   SOLE N/A 254,905 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 58,144 200,000 SH Put SOLE N/A 200,000 0 0
TRINITY MERGER CORP COM CL A 89653L106 2,943 300,000 SH   SOLE N/A 300,000 0 0
TWITTER INC NOTE 0.250% 9/1 90184LAB8 14,483 14,937,000 PRN   SOLE N/A 14,937,000 0 0
VICI PPTYS INC COM 925652109 31,221 1,444,066 SH   SOLE N/A 1,444,066 0 0
WINDSTREAM HLDGS INC COM PAR 97382A309 221 45,102 SH   SOLE N/A 45,102 0 0