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

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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADVANCE AUTO PARTS INC COM 00751Y106   8,361,535 149,500 SH   SOLE   149,500 0 0
ALGOMA STL GROUP INC COM 015658107   10,373,135 1,525,461 SH   SOLE   1,525,461 0 0
ARDAGH METAL PACKAGING S A SHS L02235106   10,888,619 3,478,792 SH   SOLE   3,478,792 0 0
CIVEO CORP CDA COM NEW 17878Y207   6,158,344 297,074 SH   SOLE   297,074 0 0
EPSILON ENERGY LTD COM 294375209   19,897,506 3,768,467 SH   SOLE   3,768,467 0 0
FENNEC PHARMACEUTICALS INC COM 31447P100   12,959,008 1,725,567 SH   SOLE   1,725,567 0 0
FTAI INFRASTRUCTURE INC COMMON STOCK 35953C106   5,504,722 1,709,541 SH   SOLE   1,709,541 0 0
GARRETT MOTION INC COM 366505105   6,410,388 813,501 SH   SOLE   813,501 0 0
GULF IS FABRICATION INC COM 402307102   2,883,215 881,717 SH   SOLE   881,717 0 0
KYNDRYL HLDGS INC COMMON STOCK 50155Q100   17,231,833 1,141,181 SH   SOLE   1,141,181 0 0
LEE ENTERPRISES INC COM 523768406   4,284,118 400,011 SH   SOLE   400,011 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128   9,249,621 1,133,532 SH   SOLE   1,133,532 0 0
MODULAR MED INC COM NEW 60785L207   1,177,576 1,015,152 SH   SOLE   1,015,152 0 0
NATURAL RESOURCE PARTNERS L COM UNIT LTD PAR 63900P608   461,232 5,848 SH   SOLE   5,848 0 0
ORION OFFICE REIT INC COM 68629Y103   5,533,072 1,062,010 SH   SOLE   1,062,010 0 0
QUANTUM CORP COM NEW 747906501   1,711,320 2,805,443 SH   SOLE   2,805,443 0 0
SONIDA SENIOR LIVING INC COM 140475203   3,026,753 336,680 SH   SOLE   336,680 0 0
SPORTSMANS WHSE HLDGS INC COM 84920Y106   6,584,738 1,466,534 SH   SOLE   1,466,534 0 0
THE AARONS COMPANY INC COM 00258W108   10,250,193 979,006 SH   SOLE   979,006 0 0