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
AMBAC FINANCIAL GROUP, INC COMMON 023139884 3,982 236,345 SH   SOLE NONE 236,345 0 0
BLUELINX HLDGS INC COMMON 09624H208 6,153 310,586 SH   SOLE NONE 310,586 0 0
BONANZA CREEK ENERGY, INC COMMON 097793400 1,896 90,791 SH   SOLE NONE 90,791 0 0
C&J OLDCO, INC COMMON 12674R100 3,279 278,382 SH   SOLE NONE 278,382 0 0
CHESAPEAKE ENERGY CORP COMMON 165167107 2,485 1,274,400 SH   SOLE NONE 1,274,400 0 0
CIVEO CORP COMMON 17878Y108 7,061 4,105,295 SH   SOLE NONE 4,105,295 0 0
CLEAR CHANNEL OUTDOOR HOLDINGS COMMON 18453H106 904 191,442 SH   SOLE NONE 191,442 0 0
CONSOLIDATED COMMUNICATIONS INC COMMON 209034107 1,289 261,497 SH   SOLE NONE 261,497 0 0
CONTURA ENERGY, INC COMMON 21241B100 10,198 196,487 SH   SOLE NONE 196,487 0 0
CUMULUS MEDIA INC CL A 231082801 4,105 221,299 SH   SOLE NONE 221,299 0 0
ENSCO ROWAN PLC CL A G3166L100 2,961 347,155 SH   SOLE NONE 347,155 0 0
GENWORTH FINANCIAL INC CL A 37247D106 11,235 3,028,370 SH   SOLE NONE 3,028,370 0 0
GLOBALSTAR, INC COMMON 378973408 4,751 9,896,889 SH   SOLE NONE 9,896,889 0 0
HALCON RESOURCES CORP COMMON 40537Q605 277 1,566,676 SH   SOLE NONE 1,566,676 0 0
HIGHPOINT RESOURCES CORP COMMON 43114K108 1,807 992,605 SH   SOLE NONE 992,605 0 0
HOVNANIAN ENTERPRISES, INC COMMON 442487401 874 114,942 SH   SOLE NONE 114,942 0 0
INTELSAT S.A. COMMON L5140P101 9,852 506,534 SH   SOLE NONE 506,534 0 0
MCDERMOTT INTERNATIONAL, INC COMMON 580037703 4,431 458,745 SH   SOLE NONE 458,745 0 0
MIDSTATES PETROLEUM COMPANY, INC COMMON 59804T407 2,246 381,377 SH   SOLE NONE 381,377 0 0
NII HOLDINGS, INC CL B 62913F508 11,054 6,541,037 SH   SOLE NONE 6,541,037 0 0
P G & E CORP COMMON 69331C108 6,406 279,492 SH   SOLE NONE 279,492 0 0
PACIFIC DRILLING S.A. COMMON L7257P205 3,079 244,394 SH   SOLE NONE 244,394 0 0
PEABODY ENERGY CORP COMMON 704551100 3,083 127,921 SH   SOLE NONE 127,921 0 0
PENN VIRGINIA CORP COMMON 70788V102 2,973 96,902 SH   SOLE NONE 96,902 0 0
SANDRIDGE ENERGY, INC COMMON 80007P869 2,659 384,263 SH   SOLE NONE 384,263 0 0
SANOFI-AVENTIS EXP12/31/2020 RTS 80105N113 3,100 5,962,423 SH   SOLE NONE 5,962,423 0 0
SEADRILL LIMITED COMMON G7998G106 1,363 327,526 SH   SOLE NONE 327,526 0 0
SILVERBOW RESOURCES, INC COMMON 82836G102 2,871 207,302 SH   SOLE NONE 207,302 0 0
TETRA TECHNOLOGIES INC COMMON 88162F105 3,957 2,427,910 SH   SOLE NONE 2,427,910 0 0
URBAN ONE INC COMMON 91705J204 2,008 1,024,728 SH   SOLE NONE 1,024,728 0 0
VISTRA ENERGY CORP COMMON 92840M102 4,448 196,462 SH   SOLE NONE 196,462 0 0
VISTRA ENERGY CORP 35.0000 EXP02/02/2024 COMMON 92840M128 178 92,138 SH Call SOLE NONE 92,138 0 0