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 32,715 1,104,134 SH   SOLE   1,104,134 0 0
AERCAP HOLDINGS NV SHS N00985106 66,920 1,634,593 SH   SOLE   1,634,593 0 0
ALLY FINL INC COM 02005N100 3,351 100,000 SH   SOLE   100,000 0 0
ALTICE USA INC CL A 02156K103 100,267 10,839,699 SH   SOLE   10,839,699 0 0
AMERICAN PUB ED INC COM 02913V103 29,931 1,852,192 SH   SOLE   1,852,192 0 0
AMERICAN WOODMARK CORPORATIO COM 030506109 1,350 30,000 SH   SOLE   30,000 0 0
BAUSCH HEALTH COS INC COM 071734107 23,024 2,754,118 SH   SOLE   2,754,118 0 0
BREAD FINANCIAL HOLDINGS INC COM 018581108 33,186 895,478 SH   SOLE   895,478 0 0
CARNIVAL CORP COMMON STOCK 143658300 17,077 1,974,260 SH   SOLE   1,974,260 0 0
CBL & ASSOC PPTYS INC COMMON STOCK 124830878 2,724 115,946 SH   SOLE   115,946 0 0
CHESAPEAKE ENERGY CORP COM 165167735 1,527 18,824 SH   SOLE   18,824 0 0
CITIGROUP INC COM NEW 172967424 40,931 890,000 SH   SOLE   890,000 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 343 321,006 SH   SOLE   321,006 0 0
CURO GROUP HOLDINGS CORP COM 23131L107 681 123,172 SH   SOLE   123,172 0 0
DIVERSIFIED HEALTHCARE TR COM SH BEN INT 25525P107 1,372 753,801 SH   SOLE   753,801 0 0
DOLE PLC ORD SHS G27907107 21,638 2,557,687 SH   SOLE   2,557,687 0 0
ENACT HLDGS INC COM 29249E109 15,223 708,728 SH   SOLE   708,728 0 0
EQUITRANS MIDSTREAM CORP COM 294600101 19,912 3,130,760 SH   SOLE   3,130,760 0 0
HERC HLDGS INC COM 42704L104 1,127 12,500 SH   SOLE   12,500 0 0
IQIYI INC NOTE 4.000%12/1 46267XAE8 44,374 66,683,000 PRN   SOLE   66,683,000 0 0
LOMA NEGRA C I A S A MTN 14 SPONSORED ADS 54150E104 29,837 5,873,428 SH   SOLE   5,873,428 0 0
LOYALTY VENTURES INC COMMON STOCK 54911Q107 7,068 1,979,885 SH   SOLE   1,979,885 0 0
MERCER INTL INC COM 588056101 39,675 3,017,131 SH   SOLE   3,017,131 0 0
META PLATFORMS INC CL A 30303M102 4,838 30,000 SH   SOLE   30,000 0 0
MGIC INVT CORP WIS COM 552848103 10,341 820,705 SH   SOLE   820,705 0 0
NCL CORP LTD NOTE 6.000% 5/1 62886HAT8 4,405 4,000,000 PRN   SOLE   4,000,000 0 0
OAK STR HEALTH INC NOTE 3/1 67181AAB3 16,157 22,440,000 PRN   SOLE   22,440,000 0 0
RADIAN GROUP INC COM 750236101 28,072 1,428,589 SH   SOLE   1,428,589 0 0
REDFIN CORP NOTE 0.500% 4/0 75737FAE8 1,397 3,000,000 PRN   SOLE   3,000,000 0 0
REDFIN CORP NOTE 10/1 75737FAC2 3,630 6,000,000 PRN   SOLE   6,000,000 0 0
ROYAL CARIBBEAN GROUP NOTE 4.250% 6/1 780153BB7 603 640,000 PRN   SOLE   640,000 0 0
SABRE GLBL INC NOTE 4.000% 4/1 78573NAE2 5,175 5,000,000 PRN   SOLE   5,000,000 0 0
SERVICE PPTYS TR COM SH BEN INT 81761L102 4,875 932,122 SH   SOLE   932,122 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 35,573 1,214,079 SH   SOLE   1,214,079 0 0
STAGWELL INC COM CL A 85256A109 3,707 682,708 SH   SOLE   682,708 0 0
STEALTHGAS INC SHS Y81669106 7,720 2,404,887 SH   SOLE   2,404,887 0 0
STELLANTIS N.V SHS N82405106 6,922 560,000 SH   SOLE   560,000 0 0
STUDIO CITY INTL HLDGS LTD SPON ADS 86389T106 7,043 3,275,911 SH   SOLE   3,275,911 0 0
TELECOM ARGENTINA SA SPON ADR REP B 879273209 16,313 3,585,329 SH   SOLE   3,585,329 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 20,979 399,138 SH   SOLE   399,138 0 0
VORNADO RLTY TR SH BEN INT 929042109 26,643 931,901 SH   SOLE   931,901 0 0
VROOM INC COM 92918V109 375 300,000 SH   SOLE   300,000 0 0