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 5,630 342,901 SH   SOLE   342,901 0 0
ALLY FINL INC COM 02005N100 1,983 100,000 SH   SOLE   100,000 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 8,467 1,114,132 SH   SOLE   1,114,132 0 0
AMPLIFY ENERGY CORP NEW COM 03212B103 36 29,221 SH   SOLE   29,221 0 0
BAUSCH HEALTH COS INC COM 071734107 59,409 3,248,163 SH   SOLE   3,248,163 0 0
BRISTOL-MYERS SQUIBB CO RIGHT 99/99/9999 110122157 1,790 500,000 SH   SOLE   500,000 0 0
CITIGROUP INC COM NEW 172967424 15,330 300,000 SH   SOLE   300,000 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 334 321,006 SH   SOLE   321,006 0 0
CONTURA ENERGY INC COM 21241B100 94 31,042 SH   SOLE   31,042 0 0
CURO GROUP HOLDINGS CORP COM 23131L107 1,634 200,000 SH   SOLE   200,000 0 0
EDISON INTL COM 281020107 4,073 75,000 SH   SOLE   75,000 0 0
EPR PPTYS COM SH BEN INT 26884U109 139,092 4,198,360 SH   SOLE   4,198,360 0 0
EQUITRANS MIDSTREAM CORP COM 294600101 33,260 4,002,453 SH   SOLE   4,002,453 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 5,888 170,159 SH   SOLE   170,159 0 0
HALLIBURTON CO COM 406216101 158 12,200 SH   SOLE   12,200 0 0
HERC HLDGS INC COM 42704L104 14,239 463,352 SH   SOLE   463,352 0 0
HILTON GRAND VACATIONS INC COM 43283X105 7,453 381,214 SH   SOLE   381,214 0 0
IHEARTMEDIA INC COM CL A 45174J509 129 15,451 SH   SOLE   15,451 0 0
LAUREATE EDUCATION INC CL A 518613203 10,762 1,079,985 SH   SOLE   1,079,985 0 0
LOMA NEGRA CORP SPONSORED ADS 54150E104 26,704 6,268,658 SH   SOLE   6,268,658 0 0
MDC PARTNERS INC CL A SUB VTG 552697104 4,956 2,382,814 SH   SOLE   2,382,814 0 0
MERCER INTL INC COM 588056101 16,897 2,070,724 SH   SOLE   2,070,724 0 0
METLIFE INC COM 59156R108 10,043 275,000 SH   SOLE   275,000 0 0
MICRON TECHNOLOGY INC COM 595112103 5,152 100,000 SH   SOLE   100,000 0 0
MYLAN NV SHS EURO N59465109 1,608 100,000 SH   SOLE   100,000 0 0
PG&E CORP COM 69331C108 173,737 19,586,986 SH   SOLE   19,586,986 0 0
PLAYA HOTELS & RESORTS NV SHS N70544106 15,724 4,343,629 SH   SOLE   4,343,629 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 154 119,347 SH   SOLE   119,347 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 4,232 75,000 SH   SOLE   75,000 0 0
SERVICE PPTYS TR COM SH BEN INT 81761L102 2,422 341,606 SH   SOLE   341,606 0 0
STEALTHGAS INC SHS Y81669106 6,642 2,415,287 SH   SOLE   2,415,287 0 0
STUDIO CITY INTL HLDGS LTD SPON ADS 86389T106 19,391 1,219,536 SH   SOLE   1,219,536 0 0
TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADS 874060205 14,845 827,955 SH   SOLE   827,955 0 0
TAUBMAN CTRS INC COM 876664103 36,598 969,221 SH   SOLE   969,221 0 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 13,265 1,482,084 SH   SOLE   1,482,084 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 27,148 1,499,054 SH   SOLE   1,499,054 0 0
TPI COMPOSITES INC COM 87266J104 11,552 494,307 SH   SOLE   494,307 0 0
VEREIT INC COM 92339V100 172,956 26,898,323 SH   SOLE   26,898,323 0 0
VERSO CORP CL A 92531L207 7,109 594,433 SH   SOLE   594,433 0 0
VIACOMCBS INC CL B 92556H206 8,960 384,200 SH   SOLE   384,200 0 0
VICI PPTYS INC COM 925652109 11,438 566,531 SH   SOLE   566,531 0 0
VORNADO RLTY TR SH BEN INT 929042109 33,713 882,312 SH   SOLE   882,312 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 5,062 880,385 SH   SOLE   880,385 0 0