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
ABERDEEN STD GOLD ETF TR PHYSCL GOLD SHS 00326A104 943 55,000 SH   SOLE   55,000 0 0
ADIENT PLC ORD SHS G0084W101 7,800 475,000 SH   DFND 1 475,000 0 0
ADIENT PLC ORD SHS G0084W101 2,545 155,000 SH   SOLE   155,000 0 0
AMPLIFY ENERGY CORP NEW COM 03212B103 52 41,685 SH   DFND 1 41,685 0 0
AMPLIFY ENERGY CORP NEW COM 03212B103 3,754 3,027,684 SH   SOLE   3,027,684 0 0
AMPLIFY ENERGY CORP NEW COM 03212B103 306 246,700 SH   DFND 2 246,700 0 0
APOLLO COML REAL EST FIN INC NOTE 4.750% 8/2 03762UAB1 3,828 4,400,000 PRN   SOLE   4,400,000 0 0
APOLLO COML REAL EST FIN INC NOTE 5.375%10/1 03762UAC9 2,128 2,600,000 PRN   SOLE   2,600,000 0 0
APOLLO COML REAL EST FIN INC NOTE 4.750% 8/2 03762UAB1 3,132 3,600,000 PRN   DFND 1 3,600,000 0 0
APOLLO COML REAL EST FIN INC NOTE 5.375%10/1 03762UAC9 3,602 4,400,000 PRN   DFND 1 4,400,000 0 0
BOYD GAMING CORP COM 103304101 1,766 84,500 SH   SOLE   84,500 0 0
CHENIERE ENERGY INC COM NEW 16411R208 3,430 71,100 SH   SOLE   71,100 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 12,190 11,950,532 SH   DFND 1 11,950,532 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 6,823 6,689,269 SH   SOLE   6,689,269 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 356 348,687 SH   DFND 2 348,687 0 0
CLIPPER RLTY INC COM 18885T306 2,197 271,243 SH   SOLE   271,243 0 0
CLIPPER RLTY INC COM 18885T306 6,487 800,843 SH   DFND 1 800,843 0 0
CNX RESOURCES CORPORATION COM 12653C108 761 88,000 SH   SOLE   88,000 0 0
COLONY CR REAL ESTATE INC COM CL A 19625T101 1,057 150,500 SH   SOLE   150,500 0 0
COMMSCOPE HLDG CO INC COM 20337X109 4,910 589,445 SH   DFND 1 589,445 0 0
COMMSCOPE HLDG CO INC COM 20337X109 2,522 302,809 SH   SOLE   302,809 0 0
CONSTELLIUM SE CL A SHS F21107101 7,242 943,000 SH   DFND 1 943,000 0 0
CONSTELLIUM SE CL A SHS F21107101 3,441 448,000 SH   SOLE   448,000 0 0
CORNERSTONE BLDG BRANDS INC COM 21925D109 788 130,000 SH   SOLE   130,000 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 906 229,262 SH   DFND 2 229,262 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 1,641 415,559 SH   DFND 1 415,559 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 5,137 1,300,508 SH   SOLE   1,300,508 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 1,026 200,000 SH   SOLE   200,000 0 0
DIEBOLD NXDF INC COM 253651103 2,038 336,225 SH   SOLE   336,225 0 0
DIEBOLD NXDF INC COM 253651103 3,877 639,775 SH   DFND 1 639,775 0 0
DISH NETWORK CORPORATION CL A 25470M109 802 23,250 SH   SOLE   23,250 0 0
FERRO CORP COM 315405100 7,068 592,000 SH   SOLE   592,000 0 0
FERRO CORP COM 315405100 13,958 1,169,000 SH   DFND 1 1,169,000 0 0
FORTERRA INC COM 34960W106 3,404 305,000 SH   SOLE   305,000 0 0
FORTERRA INC COM 34960W106 7,343 658,000 SH   DFND 1 658,000 0 0
GLOBAL SHIP LEASE INC NEW COM CL A Y27183600 1,001 236,000 SH   SOLE   236,000 0 0
GRANITE PT MTG TR INC NOTE 6.375%10/0 38741LAC1 257 360,000 PRN   DFND 1 360,000 0 0
GRANITE PT MTG TR INC NOTE 6.375%10/0 38741LAC1 64 90,000 PRN   SOLE   90,000 0 0
HCA HEALTHCARE INC COM 40412C101 1,617 16,683 SH   SOLE   16,683 0 0
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 784 433,000 SH   SOLE   433,000 0 0
HOWMET AEROSPACE INC COM 443201108 1,886 119,000 SH   SOLE   119,000 0 0
IHEARTMEDIA INC COM CL A 45174J509 1,864 223,267 SH   DFND 2 223,267 0 0
IHEARTMEDIA INC COM CL A 45174J509 13,837 1,657,068 SH   SOLE   1,657,068 0 0
IHEARTMEDIA INC COM CL A 45174J509 8,195 981,452 SH   DFND 1 981,452 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 310 103,175 SH   SOLE   103,175 0 0
IRSA PROPIEDADES COMERCIALES SPONSORED ADR 463588103 152 23,903 SH   SOLE   23,903 0 0
ISHARES SILVER TR ISHARES 46428Q109 35,721 2,100,000 SH Call SOLE   2,100,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 349,001 2,437,500 SH Put SOLE   2,437,500 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 207,611 1,450,000 SH Call DFND 1 1,450,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 186,134 1,300,000 SH Put DFND 1 1,300,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 81,469 569,000 SH Call SOLE   569,000 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 9,800 13,900,000 PRN   DFND 2 13,900,000 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 90,752 128,726,000 PRN   SOLE   128,726,000 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 16,614 1,613,041 SH   DFND 1 1,613,041 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 4,571 443,765 SH   SOLE   443,765 0 0
MAGNACHIP SEMICONDUCTOR SA NOTE 5.000% 3/0 55932XAB0 11,807 8,979,000 PRN   SOLE   8,979,000 0 0
MAGNACHIP SEMICONDUCTOR SA NOTE 5.000% 3/0 55932XAB0 1,447 1,100,000 PRN   DFND 2 1,100,000 0 0
MAGNACHIP SEMICONDUCTOR SA NOTE 5.000% 3/0 55932XAB0 15,622 11,880,000 PRN   DFND 1 11,880,000 0 0
NESCO HLDGS INC COM 64083J104 1,177 295,000 SH   SOLE   295,000 0 0
NMI HLDGS INC CL A 629209305 579 36,000 SH   SOLE   36,000 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 945 57,500 SH   SOLE   57,500 0 0
OCCIDENTAL PETE CORP COM 674599105 4,026 220,000 SH Call SOLE   220,000 0 0
OCCIDENTAL PETE CORP COM 674599105 11,547 631,000 SH Call DFND 1 631,000 0 0
ONEMAIN HLDGS INC COM 68268W103 2,784 113,429 SH   SOLE   113,429 0 0
ONEMAIN HLDGS INC COM 68268W103 8,382 341,571 SH   DFND 1 341,571 0 0
PEABODY ENERGY CORP NEW COM 704551100 394 136,809 SH   SOLE   136,809 0 0
PG&E CORP COM 69331C108 3,193 360,000 SH   SOLE   360,000 0 0
PLAYAGS INC COM 72814N104 676 200,000 SH   SOLE   200,000 0 0
RED ROCK RESORTS INC CL A 75700L108 1,601 147,000 SH   SOLE   147,000 0 0
RESOURCE CAP CORP NOTE 4.500% 8/1 76120WAC8 3,401 4,520,000 PRN   SOLE   4,520,000 0 0
RESOURCE CAP CORP NOTE 4.500% 8/1 76120WAC8 11,649 15,480,000 PRN   DFND 1 15,480,000 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 117 90,389 SH   SOLE   90,389 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 32 25,161 SH   DFND 2 25,161 0 0
SPDR GOLD TR GOLD SHS 78463V107 60,253 360,000 SH Call SOLE   360,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 589,307 1,911,100 SH Put SOLE   1,911,100 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 293,836 952,900 SH Put DFND 1 952,900 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 124,115 402,500 SH Call DFND 1 402,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 33,457 108,500 SH Call SOLE   108,500 0 0
STARWOOD PPTY TR INC NOTE 4.375% 4/0 85571BAH8 1,688 1,800,000 PRN   SOLE   1,800,000 0 0
TPG RE FIN TR INC COM 87266M107 4,437 515,900 SH   DFND 1 515,900 0 0
TPG RE FIN TR INC COM 87266M107 3,022 351,400 SH   SOLE   351,400 0 0
TRANSOCEAN LTD REG SHS H8817H100 915 500,014 SH   SOLE   500,014 0 0
TRANSOCEAN LTD REG SHS H8817H100 2,471 1,350,000 SH   DFND 1 1,350,000 0 0
TRECORA RES COM 894648104 773 123,291 SH   SOLE   123,291 0 0
TURNING PT BRANDS INC COM 90041L105 7,593 304,798 SH   SOLE   304,798 0 0
VALARIS PLC SHS CLASS A G9402V109 31 48,000 SH   SOLE   48,000 0 0
VALARIS PLC SHS CLASS A G9402V109 157 240,000 SH   DFND 1 240,000 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 458 12,500 SH   SOLE   12,500 0 0
VISTRA ENERGY CORP COM 92840M102 1,889 101,447 SH   DFND 2 101,447 0 0
VISTRA ENERGY CORP COM 92840M102 13,099 703,488 SH   SOLE   703,488 0 0
VISTRA ENERGY CORP *W EXP 02/02/202 92840M128 16 29,389 SH   SOLE   29,389 0 0