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

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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
ALBERTSONS COS INC COMMON STOCK 013091103 19,823 1,257,000 SH   SOLE 1,257,000 0 0
ALTICE USA INC CL A 02156K103 19,392 860,320 SH   SOLE 860,320 0 0
ALTRIA GROUP INC COM 02209S103 18,239 464,689 SH   SOLE 464,689 0 0
AMBAC FINL GROUP INC *W EXP 04/30/202 023139116 239 39,906 SH   SOLE 39,906 0 0
BAUSCH HEALTH COS INC COM 071734107 143,750 7,859,464 SH   SOLE 7,859,464 0 0
BAUSCH HEALTH COS INC CALL 071734907 38,500 1,750,000 SH Call SOLE 1,750,000 0 0
DISCOVERY INC COM SER A 25470F104 18,569 880,025 SH   SOLE 880,025 0 0
EAGLE BULK SHIPPING INC SHS NEW Y2187A143 30,170 13,779,832 SH   SOLE 13,779,832 0 0
EDISON INTL COM 281020107 86,126 1,585,826 SH   SOLE 1,585,826 0 0
FOX CORP CL A COM 35137L105 16,023 597,439 SH   SOLE 597,439 0 0
L BRANDS INC COM 501797104 13,859 925,776 SH   SOLE 925,776 0 0
NATURAL RESOURCE PARTNERS L COM UNIT LTD PAR 63900P608 6,832 560,450 SH   SOLE 560,450 0 0
NAVIENT CORPORATION COM 63938C108 8,311 1,182,271 SH   SOLE 1,182,271 0 0
OCCIDENTAL PETE CORP COM 674599105 20,894 1,141,745 SH   SOLE 1,141,745 0 0
OI SA SPONSORED ADR NE 670851500 26,530 25,266,610 SH   SOLE 25,266,610 0 0
PG&E CORP COM 69331C108 116,401 13,122,969 SH   SOLE 13,122,969 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 9,267 502,023 SH   SOLE 502,023 0 0
SLM CORP COM 78442P106 21,622 3,075,730 SH   SOLE 3,075,730 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 25,069 1,937,302 SH   SOLE 1,937,302 0 0
VALVOLINE INC COM 92047W101 13,423 694,408 SH   SOLE 694,408 0 0
VISTRA ENERGY CORP COM 92840M102 147,223 7,906,691 SH   SOLE 7,906,691 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 12,142 761,714 SH   SOLE 761,714 0 0
WILLIAMS COS INC COM 969457100 3,902 205,163 SH   SOLE 205,163 0 0