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 518 40,000 SH   SOLE   40,000 0 0
ALLY FINL INC COM 02005N100 2,749 100,000 SH   SOLE   100,000 0 0
ALTABA INC COM 021346101 411,371 5,550,072 SH   SOLE   5,550,072 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 15,943 1,114,132 SH   SOLE   1,114,132 0 0
ARCONIC INC COM 03965L100 15,937 833,969 SH   SOLE   833,969 0 0
AVAYA HLDGS CORP COM 05351X101 1,844 109,550 SH   SOLE   109,550 0 0
BANK AMER CORP COM 060505104 6,898 250,000 SH   SOLE   250,000 0 0
BRIGHTHOUSE FINL INC COM 10922N103 3,629 100,000 SH   SOLE   100,000 0 0
BRUNSWICK CORP COM 117043109 2,517 50,000 SH   SOLE   50,000 0 0
CAESARS ENTMT CORP COM 127686103 15,642 1,800,000 SH   SOLE   1,800,000 0 0
CBS CORP NEW CL B 124857202 18,261 384,200 SH   SOLE   384,200 0 0
CELGENE CORP COM 151020104 80,613 854,500 SH   SOLE   854,500 0 0
CITIGROUP INC COM NEW 172967424 47,909 770,000 SH   SOLE   770,000 0 0
CONTURA ENERGY INC COM 21241B100 2,043 35,275 SH   SOLE   35,275 0 0
CURO GROUP HLDGS CORP COM 23131L107 2,006 200,000 SH   SOLE   200,000 0 0
CVS HEALTH CORP COM 126650100 13,606 252,284 SH   SOLE   252,284 0 0
DELL TECHNOLOGIES INC CL C 24703L202 5,869 100,000 SH   SOLE   100,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 41,320 800,000 SH   SOLE   800,000 0 0
DISNEY WALT CO COM DISNEY 254687106 2,325 20,943 SH   SOLE   20,943 0 0
EQT CORP COM 26884L109 10,177 490,684 SH   SOLE   490,684 0 0
EQUITRANS MIDSTREAM CORPORAT COM 294600101 22,922 1,052,453 SH   SOLE   1,052,453 0 0
ERA GROUP INC COM 26885G109 210 18,206 SH   SOLE   18,206 0 0
FACEBOOK INC CL A 30303M102 4,167 25,000 SH   SOLE   25,000 0 0
FORTERRA INC COM 34960W106 6,408 1,518,585 SH   SOLE   1,518,585 0 0
GENERAL ELECTRIC CO COM 369604103 7,423 743,000 SH   SOLE   743,000 0 0
GENERAL MTRS CO COM 37045V100 12,992 350,200 SH   SOLE   350,200 0 0
HERC HLDGS INC COM 42704L104 13,904 356,686 SH   SOLE   356,686 0 0
JPMORGAN CHASE & CO COM 46625H100 10,022 99,000 SH   SOLE   99,000 0 0
KINDER MORGAN INC DEL COM 49456B101 9,005 450,000 SH   SOLE   450,000 0 0
MAGNA INTL INC COM 559222401 4,869 100,000 SH   SOLE   100,000 0 0
MDC PARTNERS INC CL A SUB VTG 552697104 5,474 2,432,814 SH   SOLE   2,432,814 0 0
MERCER INTL INC COM 588056101 27,975 2,070,724 SH   SOLE   2,070,724 0 0
MICRON TECHNOLOGY INC COM 595112103 36,164 875,000 SH   SOLE   875,000 0 0
MYLAN N V SHS EURO N59465109 2,834 100,000 SH   SOLE   100,000 0 0
NRG ENERGY INC COM NEW 629377508 1,913 45,042 SH   SOLE   45,042 0 0
OI S A SPONSORED ADR NE 670851500 21,949 11,674,715 SH   SOLE   11,674,715 0 0
OWENS CORNING NEW COM 690742101 15,314 325,000 SH   SOLE   325,000 0 0
PEABODY ENERGY CORP NEW COM 704551100 4,816 170,000 SH   SOLE   170,000 0 0
PENNEY J C CORP INC COM 708160106 2,235 1,500,000 SH   SOLE   1,500,000 0 0
PG&E CORP COM 69331C108 250,868 14,093,695 SH   SOLE   14,093,695 0 0
PLAYA HOTELS & RESORTS NV SHS N70544106 12,503 1,638,610 SH   SOLE   1,638,610 0 0
PRUDENTIAL FINL INC COM 744320102 18,376 200,000 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 957 119,347 SH   SOLE   119,347 0 0
SOLARCITY CORP NOTE 1.625%11/0 83416TAC4 946 980,000 PRN   SOLE   980,000 0 0
STEALTHGAS INC SHS Y81669106 8,454 2,415,287 SH   SOLE   2,415,287 0 0
STUDIO CITY INTL HLDGS LTD SPON ADS 86389T106 19,305 1,219,536 SH   SOLE   1,219,536 0 0
T MOBILE US INC COM 872590104 1,665 24,102 SH   SOLE   24,102 0 0
TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADS 874060205 16,865 827,955 SH   SOLE   827,955 0 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 18,717 1,281,992 SH   SOLE   1,281,992 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 34,235 1,187,055 SH   SOLE   1,187,055 0 0
TPI COMPOSITES INC COM 87266J104 12,013 419,738 SH   SOLE   419,738 0 0
UNITED NAT FOODS INC COM 911163103 4,896 370,364 SH   SOLE   370,364 0 0
VEREIT INC COM 92339V100 77,856 9,301,777 SH   SOLE   9,301,777 0 0
VERSO CORP CL A 92531L207 16,474 769,114 SH   SOLE   769,114 0 0
WABTEC CORP COM 929740108 294 3,990 SH   SOLE   3,990 0 0
WEATHERFORD INTL LTD NOTE 5.875% 7/0 947075AH0 37,679 46,663,000 PRN   SOLE   46,663,000 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 12,334 880,385 SH   SOLE   880,385 0 0
ZAYO GROUP HLDGS INC COM 98919V105 4,263 150,000 SH   SOLE   150,000 0 0