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
ALPS ETF TR ALERIAN MLP 00162Q866 7,815 855,000 SH   SOLE 855,000 0 0
AMBAC FINL GROUP INC *W EXP 04/30/202 023139116 332 39,906 SH   SOLE 39,906 0 0
AVANTOR INC COM 05352A100 18,713 1,273,000 SH   SOLE 1,273,000 0 0
BAUSCH HEALTH COS INC COM 071734107 148,523 6,797,376 SH   SOLE 6,797,376 0 0
BAUSCH HEALTH COS INC CALL 071734907 63,002 2,520,100 SH Call SOLE 2,520,100 0 0
CBS CORP NEW CL B 124857202 16,167 400,467 SH   SOLE 400,467 0 0
DISCOVERY INC COM SER A 25470F104 56,272 2,113,103 SH   SOLE 2,113,103 0 0
EAGLE BULK SHIPPING INC SHS NEW Y2187A143 61,640 14,092,566 SH   SOLE 14,092,566 0 0
ENTERCOM COMMUNICATIONS CORP CL A 293639100 7,560 2,263,477 SH   SOLE 2,263,477 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 19,782 95,459 SH   SOLE 95,459 0 0
HUNTSMAN CORP COM 447011107 20,175 867,377 SH   SOLE 867,377 0 0
L BRANDS INC COM 501797104 18,108 924,350 SH   SOLE 924,350 0 0
NATURAL RESOURCE PARTNERS L COM UNIT LTD PAR 63900P608 14,207 560,450 SH   SOLE 560,450 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 16,963 165,804 SH   SOLE 165,804 0 0
OI S A SPONSORED ADR NE 670851500 31,387 28,297,094 SH   SOLE 28,297,094 0 0
PACIFIC DRILLING SA LUXEMBOU COM L7257P205 793 202,761 SH   SOLE 202,761 0 0
PARSLEY ENERGY INC CL A 701877102 8,963 533,491 SH   SOLE 533,491 0 0
PG&E CORP COM 69331C108 14,785 1,478,504 SH   SOLE 1,478,504 0 0
SEAWORLD ENTMT INC COM 81282V100 4,660 177,057 SH   SOLE 177,057 0 0
SLM CORP COM 78442P106 9,865 1,117,890 SH   SOLE 1,117,890 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300 11,195 233,905 SH   SOLE 233,905 0 0
T MOBILE US INC COM 872590104 11,973 151,999 SH   SOLE 151,999 0 0
TEEKAY LNG PARTNERS L P PRTNRSP UNITS Y8564M105 518 37,923 SH   SOLE 37,923 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 18,581 840,000 SH   SOLE 840,000 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 32,947 2,294,339 SH   SOLE 2,294,339 0 0
VISTRA ENERGY CORP COM 92840M102 62,065 2,321,927 SH   SOLE 2,321,927 0 0
WARRIOR MET COAL INC COM 93627C101 14,243 729,644 SH   SOLE 729,644 0 0