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
ADIENT PLC ORD SHS G0084W101 602 40,000 SH   SOLE 1 40,000 0 0
ALLERGAN PLC SHS G0177J108 3,342 25,000 SH   SOLE 1 25,000 0 0
ALLY FINL INC COM 02005N100 2,266 100,000 SH   SOLE 1 100,000 0 0
ALTABA INC COM 021346101 335,825 5,796,072 SH   SOLE 1 5,796,072 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 12,922 1,164,132 SH   SOLE 1 1,164,132 0 0
ARCONIC INC COM 03965L100 13,218 783,969 SH   SOLE 1 783,969 0 0
AVAYA HLDGS CORP COM 05351X101 1,590 109,206 SH   SOLE 1 109,206 0 0
BANK AMER CORP COM 060505104 12,320 500,000 SH   SOLE 1 500,000 0 0
BRIGHTHOUSE FINL INC COM 10922N103 3,048 100,000 SH   SOLE 1 100,000 0 0
BRUNSWICK CORP COM 117043109 2,323 50,000 SH   SOLE 1 50,000 0 0
CAESARS ENTMT CORP COM 127686103 11,543 1,700,000 SH   SOLE 1 1,700,000 0 0
CBS CORP NEW CL B 124857202 16,797 384,200 SH   SOLE 1 384,200 0 0
CITIGROUP INC COM NEW 172967424 42,689 820,000 SH   SOLE 1 820,000 0 0
CONTURA ENERGY INC COM 21241B100 2,319 35,275 SH   SOLE 1 35,275 0 0
CURO GROUP HLDGS CORP COM 23131L107 1,898 200,000 SH   SOLE 1 200,000 0 0
CVS HEALTH CORP COM 126650100 16,530 252,284 SH   SOLE 1 252,284 0 0
DELL TECHNOLOGIES INC CL C 24703L202 19,670 402,488 SH   SOLE 1 402,488 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 39,920 800,000 SH   SOLE 1 800,000 0 0
EQT CORP COM 26884L109 9,269 490,684 SH   SOLE 1 490,684 0 0
EQUITRANS MIDSTREAM CORPORAT COM 294600101 21,070 1,052,453 SH   SOLE 1 1,052,453 0 0
ERA GROUP INC COM 26885G109 159 18,206 SH   SOLE 1 18,206 0 0
FACEBOOK INC CL A 30303M102 3,277 25,000 SH   SOLE 1 25,000 0 0
FORTERRA INC COM 34960W106 5,710 1,518,585 SH   SOLE 1 1,518,585 0 0
GENERAL ELECTRIC CO COM 369604103 22,657 2,993,000 SH   SOLE 1 2,993,000 0 0
GENERAL MTRS CO CALL 37045V100 16,725 500,000 SH Call SOLE 1 500,000 0 0
GENERAL MTRS CO COM 37045V100 11,708 350,000 SH   SOLE 1 350,000 0 0
HERC HLDGS INC COM 42704L104 9,270 356,686 SH   SOLE 1 356,686 0 0
HILTON GRAND VACATIONS INC COM 43283X105 1,847 70,000 SH   SOLE 1 70,000 0 0
INVESCO EXCHNG TRADED FD TR SR LN ETF 46138G508 6,308 289,619 SH   SOLE 1 289,619 0 0
JPMORGAN CHASE & CO COM 46625H100 14,545 149,000 SH   SOLE 1 149,000 0 0
KINDER MORGAN INC DEL COM 49456B101 9,997 650,000 SH   SOLE 1 650,000 0 0
MAGNA INTL INC COM 559222401 4,545 100,000 SH   SOLE 1 100,000 0 0
MDC PARTNERS INC CL A SUB VTG 552697104 6,350 2,432,814 SH   SOLE 1 2,432,814 0 0
MERCER INTL INC COM 588056101 21,618 2,070,724 SH   SOLE 1 2,070,724 0 0
MICRON TECHNOLOGY INC COM 595112103 28,693 904,300 SH   SOLE 1 904,300 0 0
MYLAN N V SHS EURO N59465109 2,740 100,000 SH   SOLE 1 100,000 0 0
NEWELL BRANDS INC COM 651229106 10,809 581,456 SH   SOLE 1 581,456 0 0
NRG ENERGY INC COM NEW 629377508 1,784 45,042 SH   SOLE 1 45,042 0 0
NXP SEMICONDUCTORS N V COM N6596X109 7,328 100,000 SH   SOLE 1 100,000 0 0
OI S A SPONSORED ADR NE 670851500 10,448 6,530,092 SH   SOLE 1 6,530,092 0 0
OWENS CORNING NEW COM 690742101 14,293 325,000 SH   SOLE 1 325,000 0 0
PEABODY ENERGY CORP NEW COM 704551100 5,182 170,000 SH   SOLE 1 170,000 0 0
PENNEY J C INC COM 708160106 1,560 1,500,000 SH   SOLE 1 1,500,000 0 0
PG&E CORP COM 69331C108 100,156 4,217,099 SH   SOLE 1 4,217,099 0 0
PLAYA HOTELS & RESORTS NV SHS N70544106 11,782 1,638,610 SH   SOLE 1 1,638,610 0 0
PRUDENTIAL FINL INC COM 744320102 16,310 200,000 SH   SOLE 1 200,000 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 908 119,347 SH   SOLE 1 119,347 0 0
SHIRE PLC SPONSORED ADR 82481R106 33,735 193,833 SH   SOLE 1 193,833 0 0
SOLARCITY CORP NOTE 1.625%11/0 83416TAC4 917 980,000 PRN   SOLE 1 980,000 0 0
STEALTHGAS INC SHS Y81669106 6,666 2,415,287 SH   SOLE 1 2,415,287 0 0
STUDIO CITY INTL HLDGS LTD SPON ADS 86389T106 20,339 1,216,434 SH   SOLE 1 1,216,434 0 0
T MOBILE US INC COM 872590104 1,533 24,102 SH   SOLE 1 24,102 0 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 19,948 1,281,992 SH   SOLE 1 1,281,992 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 20,346 1,187,055 SH   SOLE 1 1,187,055 0 0
TPI COMPOSITES INC COM 87266J104 9,088 369,738 SH   SOLE 1 369,738 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 34,069 708,000 SH   SOLE 1 708,000 0 0
UNITED NAT FOODS INC COM 911163103 3,177 300,000 SH   SOLE 1 300,000 0 0
VEREIT INC COM 92339V100 66,508 9,301,777 SH   SOLE 1 9,301,777 0 0
VERSO CORP CL A 92531L207 17,228 769,114 SH   SOLE 1 769,114 0 0
VIACOM INC NEW CL B 92553P201 643 25,000 SH   SOLE 1 25,000 0 0
WEATHERFORD INTL LTD NOTE 5.875% 7/0 947075AH0 29,255 46,663,000 PRN   SOLE 1 46,663,000 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 11,788 880,385 SH   SOLE 1 880,385 0 0
ZAYO GROUP HLDGS INC COM 98919V105 3,426 150,000 SH   SOLE 1 150,000 0 0