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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
CHESAPEAKE ENERGY CORP NOTE 165167CY1 13,000 28,475,000 PRN   SOLE   28,475,000 0 0
DISH NETWORK CORP NOTE 25470MAB5 19,000 20,300,000 PRN   SOLE   20,300,000 0 0
LIBERTY MEDIA CORP DEB 530715AG6 33,000 47,700,000 PRN   SOLE   47,700,000 0 0
LIBERTY MEDIA CORP DEB 530715AL5 5,000 9,500,000 PRN   SOLE   9,500,000 0 0
TEVA PHARMACEUTICAL FIN LLC DBCV 88163VAE9 5,000 5,500,000 PRN   SOLE   5,500,000 0 0
AMBAC FINL GROUP INC COM 023139884 4,000 199,300 SH   SOLE   199,300 0 0
AQUESTIVE THERAPEUTICS INC COM 03843E104 2,000 428,571 SH   SOLE   428,571 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 2,000 756,426 SH   SOLE   756,426 0 0
NIELSEN HLDGS PLC SHS EUR G6518L108 15,000 735,000 SH   SOLE   735,000 0 0
UNITI GROUP INC COM 91325V108 537 72,100 SH   SOLE   72,100 0 0
ZAYO GROUP HLDGS INC COM 98919V105 16,000 464,000 SH   SOLE   464,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 7,000 40,000 SH   SOLE   40,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 50,000 300,000 SH Put SOLE   300,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 978,000 11,125,000 SH Put SOLE   11,125,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 90,000 1,025,000 SH Call SOLE   1,025,000 0 0