The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it 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 |
| AMERICAN AIRLINES GROUP INC | COMMON | 02376R102 | 51 | 1,215 | SH | SOLE | NONE | 1,215 | 0 | 0 | |
| APPROACH RESOURCES INC | COMMON | 03834A103 | 4,043 | 1,610,783 | SH | SOLE | NONE | 1,610,783 | 0 | 0 | |
| BANK OF AMERICA CORP 30.7900 EXP10/28/2018 | COMMON | 060505153 | 2,816 | 3,068,148 | SH | Call | SOLE | NONE | 3,068,148 | 0 | 0 |
| BILL BARRETT CORP | COMMON | 06846N104 | 3,565 | 783,510 | SH | SOLE | NONE | 783,510 | 0 | 0 | |
| BLUELINX HLDGS INC | COMMON | 09624H208 | 3,093 | 339,871 | SH | SOLE | NONE | 339,871 | 0 | 0 | |
| BUILDERS FIRSTSOURCE, INC | COMMON | 12008R107 | 7,771 | 521,540 | SH | SOLE | NONE | 521,540 | 0 | 0 | |
| CAESARS ENTERTAINMENT CORP | COMMON | 127686103 | 2,669 | 279,474 | SH | SOLE | NONE | 279,474 | 0 | 0 | |
| CITIGROUP INC 10.6100 EXP01/04/2019 | COMMON | 172967226 | 859 | 5,842,866 | SH | Call | SOLE | NONE | 5,842,866 | 0 | 0 |
| CIVEO CORP | COMMON | 17878Y108 | 8,210 | 2,745,711 | SH | SOLE | NONE | 2,745,711 | 0 | 0 | |
| CONCORDIA INTL CORP | COMMON | 20653P102 | 1,888 | 1,158,507 | SH | SOLE | NONE | 1,158,507 | 0 | 0 | |
| DRYSHIPS INC | COMMON | Y2109Q408 | 691 | 418,613 | SH | SOLE | NONE | 418,613 | 0 | 0 | |
| DYNEGY INC 35.0000 EXP02/02/2024 | COMMON | 26817R157 | 53 | 92,138 | SH | Call | SOLE | NONE | 92,138 | 0 | 0 |
| FAIRPOINT COMMUNICATIONS INC | COMMON | 305560302 | 19,946 | 1,201,585 | SH | SOLE | NONE | 1,201,585 | 0 | 0 | |
| GENWORTH FINANCIAL INC | CL A | 37247D106 | 4,383 | 1,063,732 | SH | SOLE | NONE | 1,063,732 | 0 | 0 | |
| GLOBALSTAR, INC | COMMON | 378973408 | 8,904 | 5,564,889 | SH | SOLE | NONE | 5,564,889 | 0 | 0 | |
| HORNBECK OFFSHORE SERVICES INC | COMMON | 440543106 | 2,336 | 527,284 | SH | SOLE | NONE | 527,284 | 0 | 0 | |
| INTERNATIONAL SEAWAYS INC | COMMON | Y41053102 | 7,229 | 378,111 | SH | SOLE | NONE | 378,111 | 0 | 0 | |
| M/I HOMES INC | COMMON | 55305B101 | 6,266 | 255,770 | SH | SOLE | NONE | 255,770 | 0 | 0 | |
| NII HOLDINGS, INC | COMMON | 62913F508 | 3,303 | 2,540,985 | SH | SOLE | NONE | 2,540,985 | 0 | 0 | |
| OVERSEAS SHIPHOLDING GROUP, INC | CL A | 69036R863 | 4,584 | 1,187,636 | SH | SOLE | NONE | 1,187,636 | 0 | 0 | |
| PLY GEM HOLDINGS, INC | COMMON | 72941W100 | 3,807 | 193,247 | SH | SOLE | NONE | 193,247 | 0 | 0 | |
| RADIO ONE, INC | CL D | 75040P405 | 6,095 | 1,846,989 | SH | SOLE | NONE | 1,846,989 | 0 | 0 | |
| SANCHEZ ENERGY CORP | COMMON | 79970Y105 | 6,657 | 697,748 | SH | SOLE | NONE | 697,748 | 0 | 0 | |
| SANDRIDGE ENERGY, INC | COMMON | 80007P869 | 10,088 | 545,608 | SH | SOLE | NONE | 545,608 | 0 | 0 | |
| SANOFI-AVENTIS EXP12/31/2020 | RTS | 80105N113 | 1,446 | 3,213,595 | SH | SOLE | NONE | 3,213,595 | 0 | 0 | |
| STAR BULK CARRIERS CORP | COMMON | Y8162K204 | 3,538 | 297,798 | SH | SOLE | NONE | 297,798 | 0 | 0 | |
| TEEKAY TANKERS LTD | CL A | Y8565N102 | 1,366 | 666,185 | SH | SOLE | NONE | 666,185 | 0 | 0 | |
| TRAVELPORT WORLDWIDE LTD | COMMON | G9019D104 | 5,824 | 494,776 | SH | SOLE | NONE | 494,776 | 0 | 0 | |
| TRONC | COMMON | 89703P107 | 4,744 | 340,834 | SH | SOLE | NONE | 340,834 | 0 | 0 | |
| TSAKOS ENERGY NAVIGATION LTD | COMMON | G9108L108 | 1,683 | 351,286 | SH | SOLE | NONE | 351,286 | 0 | 0 | |
| WMI HOLDINGS CORP | COMMON | 92936P100 | 568 | 391,638 | SH | SOLE | NONE | 391,638 | 0 | 0 | |