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
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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
3M CO COM 88579Y101 33,150 300,000 SH Put SOLE   300,000 0 0
ADIENT PLC ORD SHS G0084W101 30,640 1,104,134 SH   SOLE   1,104,134 0 0
AERCAP HOLDINGS NV SHS N00985106 104,539 2,469,625 SH   SOLE   2,469,625 0 0
ALLY FINL INC COM 02005N100 11,065 397,585 SH   SOLE   397,585 0 0
ALTICE USA INC CL A 02156K103 63,195 10,839,699 SH   SOLE   10,839,699 0 0
AMERICAN PUB ED INC COM 02913V103 16,929 1,852,192 SH   SOLE   1,852,192 0 0
AMERICAN WOODMARK CORPORATIO COM 030506109 1,316 30,000 SH   SOLE   30,000 0 0
BREAD FINANCIAL HOLDINGS INC COM 018581108 22,017 700,058 SH   SOLE   700,058 0 0
CARNIVAL CORP COMMON STOCK 143658300 13,879 1,974,260 SH   SOLE   1,974,260 0 0
CBL & ASSOC PPTYS INC COMMON STOCK 124830878 2,969 115,946 SH   SOLE   115,946 0 0
CHESAPEAKE ENERGY CORP COM 165167735 1,773 18,824 SH   SOLE   18,824 0 0
CITIGROUP INC COM NEW 172967424 37,086 890,000 SH   SOLE   890,000 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 440 321,006 SH   SOLE   321,006 0 0
CURO GROUP HOLDINGS CORP COM 23131L107 494 123,172 SH   SOLE   123,172 0 0
DIVERSIFIED HEALTHCARE TR COM SH BEN INT 25525P107 746 753,801 SH   SOLE   753,801 0 0
DOLE PLC ORD SHS G27907107 18,671 2,557,687 SH   SOLE   2,557,687 0 0
ENACT HLDGS INC COM 29249E109 15,712 708,728 SH   SOLE   708,728 0 0
EQUITRANS MIDSTREAM CORP COM 294600101 23,418 3,130,760 SH   SOLE   3,130,760 0 0
HERC HLDGS INC COM 42704L104 1,299 12,500 SH   SOLE   12,500 0 0
IQIYI INC NOTE 4.000%12/1 46267XAE8 44,439 66,683,000 PRN   SOLE   66,683,000 0 0
LOMA NEGRA C I A S A MTN 14 SPONSORED ADS 54150E104 36,591 5,873,428 SH   SOLE   5,873,428 0 0
LOYALTY VENTURES INC COMMON STOCK 54911Q107 2,396 1,979,885 SH   SOLE   1,979,885 0 0
MERCER INTL INC COM 588056101 23,384 1,901,159 SH   SOLE   1,901,159 0 0
META PLATFORMS INC CL A 30303M102 4,070 30,000 SH   SOLE   30,000 0 0
MGIC INVT CORP WIS COM 552848103 10,521 820,705 SH   SOLE   820,705 0 0
NCL CORP LTD NOTE 6.000% 5/1 62886HAT8 4,984 4,000,000 PRN   SOLE   4,000,000 0 0
REDFIN CORP NOTE 0.500% 4/0 75737FAE8 1,470 3,000,000 PRN   SOLE   3,000,000 0 0
REDFIN CORP NOTE 10/1 75737FAC2 3,510 6,000,000 PRN   SOLE   6,000,000 0 0
ROYAL CARIBBEAN GROUP NOTE 4.250% 6/1 780153BB7 626 640,000 PRN   SOLE   640,000 0 0
SABRE GLBL INC NOTE 4.000% 4/1 78573NAE2 4,749 5,000,000 PRN   SOLE   5,000,000 0 0
SERVICE PPTYS TR COM SH BEN INT 81761L102 4,838 932,122 SH   SOLE   932,122 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 26,613 1,214,079 SH   SOLE   1,214,079 0 0
STAGWELL INC COM CL A 85256A109 4,745 682,708 SH   SOLE   682,708 0 0
STEALTHGAS INC SHS Y81669106 6,157 2,404,887 SH   SOLE   2,404,887 0 0
STUDIO CITY INTL HLDGS LTD SPON ADS 86389T106 7,174 3,275,911 SH   SOLE   3,275,911 0 0
TELECOM ARGENTINA SA SPON ADR REP B 879273209 14,377 3,585,329 SH   SOLE   3,585,329 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 20,588 399,138 SH   SOLE   399,138 0 0
UPSTART HLDGS INC NOTE 0.250% 8/1 91680MAB3 10,061 17,956,000 PRN   SOLE   17,956,000 0 0
VORNADO RLTY TR SH BEN INT 929042109 21,583 931,901 SH   SOLE   931,901 0 0
VROOM INC COM 92918V109 348 300,000 SH   SOLE   300,000 0 0
VROOM INC NOTE 0.750% 7/0 92918VAB5 18,191 58,930,000 PRN   SOLE   58,930,000 0 0