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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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
ASCENT CAP GROUP INC NOTE 4.000% 7/1 043632AA6 5,320 6,789,000 PRN   SOLE N/A 6,789,000 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 17,072 510,057 SH   SOLE N/A 510,057 0 0
CAESARS ENTMT CORP COM 127686103 14,301 1,130,541 SH   SOLE N/A 1,130,541 0 0
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 5,895 765,542 SH   SOLE N/A 765,542 0 0
CONSTELLIUM NV CL A N22035104 6,409 574,812 SH   SOLE N/A 574,812 0 0
DISH NETWORK CORP CL A 25470M109 1,571 32,900 SH Call SOLE N/A 32,900 0 0
DISH NETWORK CORP CL A 25470M109 9,679 202,709 SH   SOLE N/A 202,709 0 0
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 42,021 38,606,000 PRN   SOLE N/A 38,606,000 0 0
ENPRO INDS INC COM 29355X107 689 7,371 SH   SOLE N/A 7,371 0 0
EVERI HLDGS INC COM 30034T103 20,712 2,746,980 SH   SOLE N/A 2,746,980 0 0
FOSSIL GROUP INC COM 34988V106 5,596 720,200 SH Put SOLE N/A 720,200 0 0
GAP INC DEL COM 364760108 1,240 36,400 SH Put SOLE N/A 36,400 0 0
GLOBALSTAR INC COM 378973408 819 625,500 SH   SOLE N/A 625,500 0 0
GRAY TELEVISION INC COM 389375106 16,377 977,719 SH   SOLE N/A 977,719 0 0
HALCON RES CORP COM PAR NEW 40537Q605 17,326 2,288,739 SH   SOLE N/A 2,288,739 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 3,110 1,000,000 SH   SOLE N/A 1,000,000 0 0
HORNBECK OFFSHORE SVCS INC N NOTE 1.500% 9/0 440543AN6 744 1,000,000 PRN   SOLE N/A 1,000,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 192,847 1,264,900 SH Put SOLE N/A 1,264,900 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 21,349 332,544 SH   SOLE N/A 332,544 0 0
MATLIN & PARTNERS ACQUISITIO *W EXP 05/28/202 57682V114 160 379,941 SH   SOLE N/A 379,941 0 0
MATLIN & PARTNERS ACQUISITIO CL A 57682V106 1,634 167,128 SH   SOLE N/A 167,128 0 0
MIDSTATES PETE CO INC COM PAR 59804T407 13,976 842,943 SH   SOLE N/A 842,943 0 0
NEW YORK REIT INC COM 64976L109 7,100 1,806,624 SH   SOLE N/A 1,806,624 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 17,680 226,090 SH   SOLE N/A 226,090 0 0
OASIS PETE INC NEW COM 674215108 1,682 200,000 SH   SOLE N/A 200,000 0 0
OCWEN FINL CORP COM NEW 675746309 5,191 1,658,426 SH   SOLE N/A 1,658,426 0 0
PINNACLE ENTMT INC NEW COM 72348Y105 9,284 283,664 SH   SOLE N/A 283,664 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 17,857 471,792 SH   SOLE N/A 471,792 0 0
SM ENERGY CO COM 78454L100 9,331 422,597 SH   SOLE N/A 422,597 0 0
TERRAFORM PWR INC COM CL A 88104R209 2,446 204,512 SH   SOLE N/A 204,512 0 0
TIME WARNER INC COM NEW 887317303 11,060 120,912 SH   SOLE N/A 120,912 0 0
TWITTER INC NOTE 0.250% 9/1 90184LAB8 14,468 15,194,000 PRN   SOLE N/A 15,194,000 0 0