Zazove Associates

Zazove Associates as of Sept. 30, 2011

Portfolio Holdings for Zazove Associates

Zazove Associates holds 126 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Gilead Sciences Inc note 0.625% 5/0 4.6 $155M 134M 1.15
GAME Technolog debt 4.3 $146M 127M 1.15
Goldcorp Inc New note 2.000% 8/0 4.2 $143M 115M 1.25
Arcelormittal Sa Luxembourg note 5.000% 5/1 4.2 $141M 134M 1.05
Liberty Media Corp bond 3.8 $127M 165M 0.77
Teva Pharm Finance Llc Cvt cv bnd 3.7 $127M 123M 1.03
Newmont Mining Corp note 1.250% 7/1 3.7 $127M 87M 1.46
Xilinx Inc Cvt 2.625 6-15-17 convert 3.5 $117M 103M 1.14
Stanley Black & Decker Inc unit 99/99/9999 3.4 $114M 1.1M 102.75
Sterlite Inds India Ltd note 4.000%10/3 3.2 $109M 130M 0.84
Dominion Res Inc Va New debt 3.2 $108M 74M 1.46
Symantec Corp note 1.000% 6/1 2.7 $91M 79M 1.14
Alliance Data Systems Corp note 1.750% 8/0 2.6 $88M 69M 1.27
Omnicom Group Inc note 7/0 2.5 $86M 83M 1.04
Liberty Media Corp New deb 3.125% 3/3 2.5 $84M 78M 1.08
Exterran Hldgs Inc note 4.250% 6/1 2.5 $84M 92M 0.91
Allegheny Technologies Inc note 4.250% 6/0 2.3 $77M 64M 1.21
Interpublic Group Cos Inc note 4.750% 3/1 2.2 $74M 70M 1.07
Enpro Industries Inc note 1.9 $65M 58M 1.12
Old Rep Intl Corp note 8.000% 5/1 1.9 $64M 62M 1.03
Danaher Corp Del debt 1.9 $63M 51M 1.22
Chesapeake Energy Corp note 2.500% 5/1 1.8 $61M 64M 0.95
Sothebys note 3.125% 6/1 1.8 $59M 53M 1.11
Level 3 Communications Inc note 1.7 $57M 48M 1.19
Textron Inc note 4.500% 5/0 1.6 $53M 35M 1.52
Invitrogen Corp note 1.500% 2/1 1.5 $52M 51M 1.01
Molson Coors Brewing Co note 2.500% 7/3 1.3 $46M 43M 1.06
Steel Dynamics Inc note 5.125% 6/1 1.3 $45M 44M 1.02
Rayonier Trs Hldgs Inc note 3.750%10/1 1.3 $44M 39M 1.12
Affiliated Managers Group note 3.950% 8/1 1.2 $41M 39M 1.06
New York Cmnty Cap Tr V unit 99/99/9999 (NYCB.PU) 1.1 $39M 875k 44.50
Mf Global Hldgs Ltd note 3.375% 8/0 1.0 $35M 45M 0.78
Northgate Minerals Corp note 3.500%10/0 0.9 $32M 28M 1.12
Genco Shipping & Trading Ltd note 5.000% 8/1 0.8 $27M 40M 0.69
School Specialty, Inc sdcv 3.750%11/3 0.8 $27M 30M 0.91
Chemed Corp New note 1.875% 5/1 0.8 $26M 26M 1.00
Prologis Inc note 3.250% 3/1 0.7 $24M 25M 0.99
Alliant Techsystems Inc note 3.000% 8/1 0.6 $21M 21M 1.01
Jns 3.25% 7/15/2014 note 0.6 $21M 22M 0.98
Rite Aid Corp note 8.500% 5/1 0.6 $21M 23M 0.90
Continental Airls Inc note 4.500% 1/1 0.6 $21M 16M 1.26
Navistar Intl Corp New note 3.000%10/1 0.6 $20M 20M 1.00
China Med Technologies Inc note 6.250%12/1 0.6 $19M 36M 0.53
Teleflex Inc note 3.875% 8/0 0.6 $19M 17M 1.09
Dryships Inc. note 5.000%12/0 0.5 $18M 29M 0.61
Aspen Insurance Holdings Ltd pfd prp inc eq 0.5 $17M 338k 49.62
Phh Corp note 4.000% 9/0 0.5 $17M 18M 0.95
Jefferies Group Inc New dbcv 3.875%11/0 0.5 $15M 17M 0.92
Headwaters Inc note 2.500% 2/0 0.4 $14M 20M 0.69
Sba Communications Corp note 1.875% 5/0 0.4 $14M 14M 1.04
Hutchinson Technology Inc note 8.500% 1/1 0.4 $14M 20M 0.69
Hawaiian Holdings Inc conv 0.4 $13M 14M 0.87
Thq Inc note 5.000% 8/1 0.4 $12M 14M 0.87
Amr Corp note 6.250%10/1 0.3 $11M 19M 0.59
Powerwave Technologies Inc note 3.875%10/0 0.3 $11M 13M 0.82
Rentech Inc note 4.000% 4/1 0.3 $11M 13M 0.82
Cheniere Energy Inc note 2.250% 8/0 0.3 $11M 13M 0.81
Archer Daniels Midland Co note 0.875% 2/1 0.3 $10M 10M 1.00
Delta Pete Corp note 3.750% 5/0 0.3 $9.6M 11M 0.87
Agco Corp note 1.250%12/1 0.3 $8.9M 7.9M 1.12
Energy Conversion Devices In note 3.000% 6/1 0.2 $8.1M 17M 0.48
Morgans Hotel Group Co note 2.375%10/1 0.2 $8.0M 11M 0.75
Gmx Res Inc note 5.000% 2/0 0.2 $7.9M 9.6M 0.82
Providence Svc Corp note 6.500% 5/1 0.2 $7.5M 7.6M 0.99
Eastman Kodak Co note 7.000% 4/0 0.2 $7.6M 29M 0.26
Central European Dist Corp note 3.000% 3/1 0.2 $7.0M 10M 0.68
Gmx Res Inc note 4.500% 5/0 0.2 $7.0M 11M 0.61
Covanta Holding Conv conv bnd 0.2 $6.7M 6.1M 1.09
Central European Media sr nt cv 5%15 0.2 $6.9M 9.8M 0.70
Ford Mtr Co Del *w exp 01/01/201 0.2 $6.3M 2.9M 2.21
United States Stl Corp New note 4.000% 5/1 0.2 $6.4M 6.2M 1.04
Teva Pharmaceutical Industries (TEVA) 0.1 $5.0M 133k 37.22
Dendreon Corp note 0.1 $5.0M 6.9M 0.72
American Intl Group 0.1 $4.7M 763k 6.12
Cemex Sab conv 0.1 $4.3M 9.1M 0.47
Icahn Enterprises Lp conv bnd 0.1 $4.4M 4.7M 0.94
Notes 0.1 $4.0M 1.9M 2.05
Emmis Communications Corp pfd cv ser a 0.1 $3.7M 289k 12.88
United Rentals Inc note 4.000%11/1 0.1 $3.3M 1.9M 1.68
Cephalon Inc note 2.000% 6/0 0.1 $3.4M 1.9M 1.76
Alcoa Inc debt 0.1 $2.7M 1.7M 1.64
Holdings Inc Note 5.25 0.1 $2.8M 2.2M 1.30
Annaly Cap Mgmt Inc note 4.000% 2/1 0.1 $2.7M 2.4M 1.14
Level 3 Communications Inc note 6.500%10/0 0.1 $2.6M 1.9M 1.42
Mylan Inc note 3.750% 9/1 0.1 $2.8M 1.9M 1.45
Illumina Inc note 0.625% 2/1 0.1 $2.8M 1.5M 1.87
Nash Finch Co frnt 1.631% 3/1 0.1 $2.2M 5.1M 0.44
Sba Communications Corp note 4.000%10/0 0.1 $2.5M 1.9M 1.29
Bank Of America Corporation preferred (BAC.PL) 0.1 $2.5M 3.3k 765.08
Mcmoran Exploration Co. Cv. Sr conv 0.1 $2.3M 2.3M 1.01
Novagold Res Inc bond 0.1 $2.5M 2.5M 1.00
General Mtrs Co *w exp 07/10/201 0.1 $2.3M 202k 11.64
Greatbatch Inc sdcv 2.250% 6/1 0.1 $1.9M 1.9M 0.98
Lifepoint Hospitals Inc note 3.500% 5/1 0.1 $2.1M 2.1M 1.01
Time Warner Telecom Inc dbcv 2.375% 4/0 0.1 $2.2M 2.0M 1.09
Live Nation Entertainment In note 2.875% 7/1 0.1 $2.0M 2.3M 0.89
Borgwarner Inc note 3.500% 4/1 0.1 $2.2M 1.2M 1.85
Fibertower Corp note 9.000%11/1 0.1 $2.2M 4.1M 0.53
Jpmorgan Chase & Co. w exp 10/201 0.1 $2.1M 223k 9.31
Charles Riv Labs Intl Inc note 2.250% 6/1 0.1 $2.1M 2.2M 0.98
Endo Pharmaceuticals Hldgs I note 1.750% 4/1 0.1 $2.2M 2.0M 1.13
ACTUANT CORP CONVERTIBLE security 0.1 $2.2M 2.0M 1.10
National Retail Properties I note 3.950% 9/1 0.1 $2.2M 1.9M 1.13
Newpark Res Inc note 4.000%10/0 0.1 $1.5M 1.7M 0.93
Interoil Corp note 2.750%11/1 0.1 $1.6M 2.0M 0.80
General Mtrs Co *w exp 07/10/201 0.1 $1.6M 205k 7.93
Radio One 0.0 $1.2M 1.0M 1.19
DURECT Corporation 0.0 $1.4M 885k 1.61
FiberTower (FTWR) 0.0 $1.3M 1.4M 0.95
K V Pharmaceutical Co note 2.500% 5/1 0.0 $1.1M 4.7M 0.24
ProShares UltraShort 20+ Year Trea 0.0 $1.2M 60k 19.43
Greenbrier Cos Inc note 2.375% 5/1 0.0 $684k 720k 0.95
Onyx Pharmaceuticals Inc note 4.000% 8/1 0.0 $762k 680k 1.12
Liberty Media Corp deb 3.500% 1/1 0.0 $737k 1.3M 0.55
Hologic (HOLX) 0.0 $529k 35k 15.20
International Game Technology 0.0 $654k 45k 14.53
Pmi Group Inc note 4.500% 4/1 0.0 $732k 2.4M 0.31
WTS/IRIDIUM COMMUNICATIONS Inc. wts 0.0 $536k 317k 1.69
Exide Technologies frnt 9/1 0.0 $383k 450k 0.85
Cumulus Media 0.0 $333k 117k 2.84
Iridium Communications (IRDM) 0.0 $264k 43k 6.20
NuVasive 0.0 $203k 12k 17.06
Bank Of America Corporation warrant 0.0 $282k 104k 2.71
Zions Bancorporation *w exp 05/22/202 0.0 $231k 96k 2.40
Fly Leasing 0.0 $251k 22k 11.36
Owens Corning New *w exp 10/30/201 0.0 $37k 29k 1.26