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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ATLANTICA YIELD PLC SHS G0751N103 15,469 729,321 SH   SOLE N/A 729,321 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 4,902 321,680 SH   SOLE N/A 321,680 0 0
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 10,881 10,000,000 PRN   SOLE N/A 10,000,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 7,837 105,000 SH Call SOLE N/A 105,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 26,124 350,000 SH   SOLE N/A 350,000 0 0
GLOBALSTAR INC COM 378973408 42,021 32,076,831 SH   SOLE N/A 32,076,831 0 0
GOLDEN OCEAN GROUP LTD SHS NEW G39637205 755 92,600 SH   SOLE N/A 92,600 0 0
JONES ENERGY INC COM CL A 48019R108 1,079 981,045 SH   SOLE N/A 981,045 0 0
MBIA INC COM 55262C100 3,294 450,000 SH   SOLE N/A 450,000 0 0
MICRON TECHNOLOGY INC COM 595112103 2,114 51,400 SH   SOLE N/A 51,400 0 0
NAVIOS MARITIME ACQUIS CORP SHS Y62159101 610 549,659 SH   SOLE N/A 549,659 0 0
NAVIOS MARITIME HOLDINGS INC COM Y62196103 3,524 2,936,483 SH   SOLE N/A 2,936,483 0 0
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 3,159 1,338,550 SH   SOLE N/A 1,338,550 0 0
NRG ENERGY INC COM NEW 629377508 5,326 187,000 SH   SOLE N/A 187,000 0 0
NRG ENERGY INC COM NEW 629377508 17,572 617,000 SH Call SOLE N/A 617,000 0 0
NXP SEMICONDUCTORS N V COM N6596X109 6,147 52,500 SH   SOLE N/A 52,500 0 0
SAFE BULKERS INC COM Y7388L103 4,771 1,477,232 SH   SOLE N/A 1,477,232 0 0
SCORPIO BULKERS INC COM Y7546A122 6,837 923,900 SH   SOLE N/A 923,900 0 0
SCORPIO TANKERS INC SHS Y7542C106 11,778 3,861,800 SH   SOLE N/A 3,861,800 0 0
SOUTHWESTERN ENERGY CO COM 845467109 4,688 840,100 SH Call SOLE N/A 840,100 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 653,807 2,450,000 SH Put SOLE N/A 2,450,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 46,541 3,070,000 SH   SOLE N/A 3,070,000 0 0
ULTRA PETROLEUM CORP COM NEW 903914208 68,176 7,524,942 SH   SOLE N/A 7,524,942 0 0