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
DHT HOLDINGS INC DEBT 4.500%10/0 23335SAB2 17,775 20,000,000 PRN   SOLE None 20,000,000 0 0
GENWORTH FINL INC COM COM CL A 37247D106 73,408 14,800,000 SH   SOLE None 14,800,000 0 0
GLOBALSTAR INC COM 378973408 5,117 4,229,000 SH   SOLE None 4,229,000 0 0
INTELSAT S A COM L5140P101 5,051 1,864,000 SH   SOLE None 1,864,000 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 76,338 1,951,891 SH   SOLE None 1,951,891 0 0
STRAIGHT PATH COMMUNICATNS I CL B 862578101 4,503 175,817 SH   SOLE None 175,817 0 0
TRAVELPORT WORLDWIDE LTD SHS G9019D104 89,649 5,964,652 SH   SOLE None 5,964,652 0 0
VISTEON CORP COM NEW 92839U206 87,569 1,222,000 SH   SOLE None 1,222,000 0 0
WCI CMNTYS INC COM PAR $0.01 92923C807 14 583 SH   SOLE None 583 0 0