Zazove Associates

Zazove Associates as of March 31, 2012

Portfolio Holdings for Zazove Associates

Zazove Associates holds 133 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Gilead Sciences Inc note 0.625% 5/0 4.2 $170M 128M 1.33
Goldcorp Inc New note 2.000% 8/0 4.1 $165M 135M 1.22
Newmont Mining Corp note 1.250% 7/1 3.8 $153M 121M 1.27
Alza Corp sdcv 7/2 3.7 $150M 158M 0.95
GAME Technolog debt 3.6 $147M 129M 1.14
Liberty Media Corp bond 3.6 $145M 163M 0.89
Teva Pharm Finance Llc Cvt cv bnd 3.5 $143M 130M 1.10
Stanley Black & Decker Inc unit 99/99/9999 3.4 $135M 1.1M 121.44
Arcelormittal Sa Luxembourg note 5.000% 5/1 3.3 $134M 124M 1.08
Sterlite Inds India Ltd note 4.000%10/3 3.1 $125M 132M 0.95
Prospect Capital Corp note 6.250%12/1 2.9 $116M 110M 1.05
Netapp Inc note 1.750% 6/0 2.6 $104M 71M 1.46
Enpro Industries Inc note 2.3 $94M 69M 1.37
Interpublic Group Cos Inc note 4.750% 3/1 2.3 $93M 82M 1.13
Allegheny Technologies Inc note 4.250% 6/0 2.2 $91M 73M 1.25
Symantec Corp note 1.000% 6/1 2.2 $90M 80M 1.12
Liberty Media Corp New deb 3.125% 3/3 2.2 $89M 74M 1.21
E M C Corp Mass note 1.750%12/0 2.1 $85M 45M 1.88
Sothebys note 3.125% 6/1 2.1 $84M 66M 1.28
Danaher Corp Del debt 2.0 $83M 51M 1.63
Dominion Res Inc Va New debt 2.0 $82M 55M 1.48
Tyson Foods Inc note 3.250%10/1 2.0 $80M 64M 1.24
Exterran Hldgs Inc note 4.250% 6/1 2.0 $79M 79M 1.00
Old Rep Intl Corp note 8.000% 5/1 1.9 $75M 74M 1.01
Omnicom Group Inc note 7/0 1.8 $72M 65M 1.10
Stanley Wks frnt 5/1 1.8 $71M 59M 1.20
Level 3 Communications Inc note 1.6 $66M 50M 1.32
Chesapeake Energy Corp note 2.500% 5/1 1.5 $59M 64M 0.92
Molson Coors Brewing Co note 2.500% 7/3 1.3 $53M 50M 1.05
Steel Dynamics Inc note 5.125% 6/1 1.2 $48M 42M 1.14
Rayonier Trs Hldgs Inc note 3.750%10/1 1.1 $46M 38M 1.22
Affiliated Managers Group note 3.950% 8/1 1.1 $42M 38M 1.11
Rayonier Inc conv 1.0 $42M 30M 1.39
New York Cmnty Cap Tr V unit 99/99/9999 (NYCB.PU) 1.0 $40M 838k 47.70
Alliance Data Systems Corp note 1.750% 8/0 0.9 $37M 23M 1.62
School Specialty, Inc sdcv 3.750%11/3 0.9 $36M 49M 0.73
Northgate Minerals Corp note 3.500%10/0 0.8 $33M 29M 1.12
Rite Aid Corp note 8.500% 5/1 0.7 $29M 26M 1.11
Chemed Corp New note 1.875% 5/1 0.7 $27M 26M 1.02
Genco Shipping & Trading Ltd note 5.000% 8/1 0.6 $26M 39M 0.66
Navistar Intl Corp New note 3.000%10/1 0.6 $23M 21M 1.10
Agco Corp note 1.250%12/1 0.6 $22M 17M 1.28
Prospect Capital Corp note 0.6 $22M 22M 1.01
Alliant Techsystems Inc note 3.000% 8/1 0.5 $21M 21M 1.02
Archer Daniels Midland Co note 0.875% 2/1 0.5 $21M 20M 1.02
Teleflex Inc note 3.875% 8/0 0.5 $20M 17M 1.18
Aspen Insurance Holdings Ltd pfd prp inc eq 0.4 $17M 317k 54.69
Hawaiian Holdings Inc conv 0.4 $17M 17M 0.99
Headwaters Inc note 2.500% 2/0 0.4 $17M 19M 0.92
Medicis Pharmaceutical Corp note 2.500% 6/0 0.4 $17M 13M 1.34
Gilead Sciences conv 0.4 $17M 13M 1.28
Jefferies Group Inc New dbcv 3.875%11/0 0.4 $16M 17M 0.96
Sba Communications Corp note 1.875% 5/0 0.4 $15M 12M 1.26
Phh Corp note 4.000% 9/0 0.3 $14M 14M 0.97
Hutchinson Technology Inc note 8.500% 1/1 0.3 $14M 20M 0.72
Dendreon Corp note 0.3 $13M 16M 0.80
China Med Technologies Inc note 6.250%12/1 0.3 $13M 36M 0.36
Amgen Inc note 0.375% 2/0 0.3 $12M 12M 1.02
Exide Technologies frnt 9/1 0.3 $12M 14M 0.87
American Intl Group 0.3 $12M 1.2M 10.64
Jns 3.25% 7/15/2014 note 0.3 $11M 11M 1.06
Saks Inc note 2.000% 3/1 0.2 $10M 9.5M 1.08
Ford Mtr Co Del *w exp 01/01/201 0.2 $9.6M 2.8M 3.48
United States Stl Corp New note 4.000% 5/1 0.2 $9.7M 8.3M 1.18
Morgans Hotel Group Co note 2.375%10/1 0.2 $9.4M 11M 0.87
Eastman Kodak Co note 7.000% 4/0 0.2 $8.8M 29M 0.30
Central European Media sr nt cv 5%15 0.2 $8.9M 11M 0.80
Prologis Inc note 3.250% 3/1 0.2 $8.7M 7.6M 1.14
Central European Dist Corp note 3.000% 3/1 0.2 $8.5M 9.7M 0.88
Energy Conversion Devices In note 3.000% 6/1 0.2 $8.4M 17M 0.50
Delta Pete Corp note 3.750% 5/0 0.2 $8.0M 11M 0.72
Thq Inc note 5.000% 8/1 0.2 $7.6M 15M 0.50
Covanta Holding Conv conv bnd 0.2 $7.6M 6.6M 1.15
China Med Technologies Inc note 4.000% 8/1 0.2 $6.9M 20M 0.35
Powerwave Technologies Inc note 3.875%10/0 0.2 $6.8M 13M 0.51
Gmx Res Inc note 5.000% 2/0 0.1 $5.9M 7.9M 0.74
Gmx Res Inc note 4.500% 5/0 0.1 $5.6M 12M 0.46
Teva Pharmaceutical Industries (TEVA) 0.1 $5.6M 125k 45.06
Annaly Cap Mgmt Inc note 4.000% 2/1 0.1 $5.5M 4.8M 1.16
Notes 0.1 $5.2M 1.9M 2.70
Gilead Sciences conv 0.1 $5.2M 4.2M 1.23
Mcmoran Exploration note 4.000%12/3 0.1 $4.4M 4.4M 1.00
Mylan Inc note 3.750% 9/1 0.1 $4.0M 2.2M 1.87
CUBIST PHARM CONVERTIBLE security 0.1 $4.0M 2.5M 1.60
SAFEGUARD SCIENTIFICS INC Dbcv 10.125% 3/1 debt 0.1 $4.1M 3.0M 1.34
Sba Communications Corp note 4.000%10/0 0.1 $3.4M 1.9M 1.76
Usec Inc note 3.000%10/0 0.1 $3.3M 6.5M 0.50
Virgin Media Inc note 6.500%11/1 0.1 $3.1M 2.0M 1.55
Coinstar Inc note 4.000% 9/0 0.1 $3.4M 2.0M 1.69
Jpmorgan Chase & Co. w exp 10/201 0.1 $3.1M 232k 13.38
Cms Energy Corp note 5.500% 6/1 0.1 $3.2M 2.0M 1.60
Icahn Enterprises Lp conv bnd 0.1 $3.4M 3.4M 1.00
General Mtrs Co *w exp 07/10/201 0.1 $3.4M 206k 16.63
Cadence Design Sys Cvt 2.625 6 convert 0.1 $3.3M 2.0M 1.66
Endo Pharmaceuticals Hldgs I note 1.750% 4/1 0.1 $2.8M 2.0M 1.42
Novagold Res Inc bond 0.1 $2.7M 2.5M 1.09
Istar Finl Inc frnt 10/0 0.1 $2.4M 2.5M 0.98
Nash Finch Co frnt 1.631% 3/1 0.1 $2.4M 5.1M 0.47
Time Warner Telecom Inc dbcv 2.375% 4/0 0.1 $2.5M 2.0M 1.24
Rentech Inc note 4.000% 4/1 0.1 $2.5M 2.6M 0.99
General Mtrs Co *w exp 07/10/201 0.1 $2.3M 209k 11.20
A123 Sys Inc note 3.750% 4/1 0.1 $2.6M 8.1M 0.32
Mcmoran Exploration Co note 5.250%10/0 0.1 $2.4M 2.3M 1.03
Greatbatch Inc sdcv 2.250% 6/1 0.1 $1.9M 1.9M 1.00
Lifepoint Hospitals Inc note 3.500% 5/1 0.1 $2.2M 2.1M 1.05
L-3 Communications Corp debt 3.000% 8/0 0.1 $2.0M 2.0M 0.98
National Retail Properties I note 3.950% 9/1 0.1 $2.2M 1.9M 1.14
Rovi Corp conv 0.1 $2.1M 2.0M 1.05
Cemex Sab conv 0.1 $2.1M 2.2M 0.95
Sotheby's 0.0 $1.7M 42k 39.34
Level 3 Communications Inc note 6.500%10/0 0.0 $1.4M 900k 1.60
Level 3 Communications conv 0.0 $1.2M 1.0M 1.23
Arvinmeritor Inc frnt 4.625% 3/0 0.0 $930k 1.0M 0.93
K V Pharmaceutical Co note 2.500% 5/1 0.0 $963k 3.7M 0.26
Liberty Media Corp deb 3.500% 1/1 0.0 $817k 1.3M 0.61
Hologic (HOLX) 0.0 $750k 35k 21.55
International Game Technology 0.0 $756k 45k 16.80
Symantec Corporation 0.0 $782k 42k 18.71
Radio One 0.0 $970k 1.0M 0.97
DURECT Corporation 0.0 $708k 885k 0.80
Bank Of America Corporation preferred (BAC.PL) 0.0 $680k 695.00 978.42
WTS/IRIDIUM COMMUNICATIONS Inc. wts 0.0 $805k 317k 2.54
Interoil Corp note 2.750%11/1 0.0 $840k 1.0M 0.84
Fibertower Corp note 9.000%11/1 0.0 $452k 4.1M 0.11
Cumulus Media 0.0 $410k 117k 3.49
Iridium Communications (IRDM) 0.0 $373k 43k 8.76
Zions Bancorporation *w exp 05/22/202 0.0 $476k 96k 4.95
General Motors Company (GM) 0.0 $284k 11k 25.66
Omnicare Inc note 3.750%12/1 0.0 $351k 242k 1.45
Fly Leasing 0.0 $270k 22k 12.22
Home Inns & Hotels Mgmt Inc note 2.000%12/1 0.0 $370k 480k 0.77
Owens Corning New *w exp 10/30/201 0.0 $35k 13k 2.66
FiberTower (FTWR) 0.0 $153k 955k 0.16