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
AAR CORP COM 000361105 13,764 305,186 SH   SOLE   305,186 0 0
CBL & ASSOC PPTYS INC COM 124830100 26 24,770 SH   SOLE   24,770 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 12,387 705,000 SH   SOLE   705,000 0 0
ESSENT GROUP LTD COM G3198U102 4,162 80,054 SH   SOLE   80,054 0 0
EXTRACTION OIL AND GAS INC COM 30227M105 4,311 2,033,397 SH   SOLE   2,033,397 0 0
FS KKR CAPITAL CORP COM 302635107 98,772 16,112,908 SH   SOLE   16,112,908 0 0
HIGHLAND INCOME FUND HIGHLAND INCOME 43010E404 12,059 970,175 SH   SOLE   970,175 0 0
HUNT COS FIN TR INC COM 44558T100 2,824 874,217 SH   SOLE   874,217 0 0
MGIC INVT CORP WIS COM 552848103 3,212 226,669 SH   SOLE   226,669 0 0
MONEYGRAM INTL INC COM NEW 60935Y208 3,957 1,884,205 SH   SOLE   1,884,205 0 0
NMI HLDGS INC CL A 629209305 1,379 41,547 SH   SOLE   41,547 0 0
NRG ENERGY INC COM NEW 629377508 15,045 378,495 SH   SOLE   378,495 0 0
RADIAN GROUP INC COM 750236101 4,563 181,377 SH   SOLE   181,377 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 24,008 720,089 SH   SOLE   720,089 0 0
SUTTER ROCK CAP CORP COM 86944Q100 1,002 153,000 SH   SOLE   153,000 0 0
WHITEHORSE FIN INC COM 96524V106 988 72,081 SH   SOLE   72,081 0 0