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 971 40,000 SH   SOLE   40,000 0 0
ALLY FINL INC COM 02005N100 3,099 100,000 SH   SOLE   100,000 0 0
ALTABA INC COM 021346101 353,792 5,100,072 SH   SOLE   5,100,072 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 14,216 1,114,132 SH   SOLE   1,114,132 0 0
ANADARKO PETE CORP COM 032511107 28,021 397,121 SH   SOLE   397,121 0 0
AVANTOR INC COM 05352A100 4,295 225,000 SH   SOLE   225,000 0 0
AVAYA HLDGS CORP COM 05351X101 1,148 96,403 SH   SOLE   96,403 0 0
BANK AMER CORP COM 060505104 4,350 150,000 SH   SOLE   150,000 0 0
BAUSCH HEALTH COS INC COM 071734107 12,610 500,000 SH   SOLE   500,000 0 0
BRIGHTHOUSE FINL INC COM 10922N103 3,669 100,000 SH   SOLE   100,000 0 0
BRUNSWICK CORP COM 117043109 2,295 50,000 SH   SOLE   50,000 0 0
CAESARS ENTMT CORP COM 127686103 18,912 1,600,000 SH   SOLE   1,600,000 0 0
CBS CORP NEW CL B 124857202 19,172 384,200 SH   SOLE   384,200 0 0
CELGENE CORP COM 151020104 78,990 854,500 SH   SOLE   854,500 0 0
CENTENE CORP DEL COM 15135B101 5,244 100,000 SH   SOLE   100,000 0 0
CITIGROUP INC COM NEW 172967424 53,923 770,000 SH   SOLE   770,000 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 1,515 321,006 SH   SOLE   321,006 0 0
CONTURA ENERGY INC COM 21241B100 1,611 31,042 SH   SOLE   31,042 0 0
CURO GROUP HLDGS CORP COM 23131L107 2,210 200,000 SH   SOLE   200,000 0 0
CVS HEALTH CORP COM 126650100 13,747 252,284 SH   SOLE   252,284 0 0
DELL TECHNOLOGIES INC CL C 24703L202 5,080 100,000 SH   SOLE   100,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 39,725 700,000 SH   SOLE   700,000 0 0
EQT CORP COM 26884L109 7,758 490,684 SH   SOLE   490,684 0 0
EQUITRANS MIDSTREAM CORPORAT COM 294600101 20,744 1,052,453 SH   SOLE   1,052,453 0 0
ERA GROUP INC COM 26885G109 152 18,206 SH   SOLE   18,206 0 0
FORTERRA INC COM 34960W106 7,547 1,518,585 SH   SOLE   1,518,585 0 0
FOX CORP CL A COM 35137L105 6,815 185,998 SH   SOLE   185,998 0 0
GENERAL ELECTRIC CO COM 369604103 2,657 253,000 SH   SOLE   253,000 0 0
GENERAL MTRS CO COM 37045V100 13,493 350,200 SH   SOLE   350,200 0 0
HERC HLDGS INC COM 42704L104 16,515 360,352 SH   SOLE   360,352 0 0
HILTON GRAND VACATIONS INC COM 43283X105 11,455 360,000 SH   SOLE   360,000 0 0
JPMORGAN CHASE & CO COM 46625H100 11,068 99,000 SH   SOLE   99,000 0 0
MAGNA INTL INC COM 559222401 4,970 100,000 SH   SOLE   100,000 0 0
MDC PARTNERS INC CL A SUB VTG 552697104 6,131 2,432,814 SH   SOLE   2,432,814 0 0
MERCER INTL INC COM 588056101 32,034 2,070,724 SH   SOLE   2,070,724 0 0
MICRON TECHNOLOGY INC COM 595112103 26,048 675,000 SH   SOLE   675,000 0 0
MYLAN N V SHS EURO N59465109 1,904 100,000 SH   SOLE   100,000 0 0
NRG ENERGY INC COM NEW 629377508 1,582 45,042 SH   SOLE   45,042 0 0
OI S A SPONSORED ADR NE 670851500 23,467 11,674,715 SH   SOLE   11,674,715 0 0
OWENS CORNING NEW COM 690742101 17,460 300,000 SH   SOLE   300,000 0 0
PEABODY ENERGY CORP NEW COM 704551100 4,097 170,000 SH   SOLE   170,000 0 0
PENNEY J C CORP INC COM 708160106 1,710 1,500,000 SH   SOLE   1,500,000 0 0
PG&E CORP COM 69331C108 306,241 13,361,302 SH   SOLE   13,361,302 0 0
PLAYA HOTELS & RESORTS NV SHS N70544106 12,634 1,638,610 SH   SOLE   1,638,610 0 0
PRUDENTIAL FINL INC COM 744320102 20,200 200,000 SH   SOLE   200,000 0 0
QUORUM HEALTH CORP COM 74909E106 26 18,655 SH   SOLE   18,655 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 826 119,347 SH   SOLE   119,347 0 0
SOLARCITY CORP NOTE 1.625%11/0 83416TAC4 945 980,000 PRN   SOLE   980,000 0 0
STEALTHGAS INC SHS Y81669106 8,309 2,415,287 SH   SOLE   2,415,287 0 0
STUDIO CITY INTL HLDGS LTD SPON ADS 86389T106 24,171 1,219,536 SH   SOLE   1,219,536 0 0
T MOBILE US INC COM 872590104 1,787 24,102 SH   SOLE   24,102 0 0
TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADS 874060205 14,655 827,955 SH   SOLE   827,955 0 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 22,653 1,281,992 SH   SOLE   1,281,992 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 26,177 1,267,055 SH   SOLE   1,267,055 0 0
TPI COMPOSITES INC COM 87266J104 18,822 761,408 SH   SOLE   761,408 0 0
UNITED NAT FOODS INC COM 911163103 3,322 370,364 SH   SOLE   370,364 0 0
VEREIT INC COM 92339V100 83,809 9,301,777 SH   SOLE   9,301,777 0 0
VERSO CORP CL A 92531L207 14,652 769,114 SH   SOLE   769,114 0 0
WABTEC CORP COM 929740108 286 3,990 SH   SOLE   3,990 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 16,032 880,385 SH   SOLE   880,385 0 0
ZAYO GROUP HLDGS INC COM 98919V105 4,936 150,000 SH   SOLE   150,000 0 0