ZAZOVE ASSOCIATES LLC Information

1033 SKOKIE BLVD., SUITE 310, NORTHBROOK, Illinois, 60062, (847) 239-7100

Report Date: 03/31/2015

Position Statistics

Total Positions 39
New Positions 3
Increased Positions 9
Decreased Positions 15
Positions with Activity 24
Sold Out Positions 8
Total Mkt Value (in $ millions) 333

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 0.48%
Capital Goods
Conglomerates
Consumer Cyclical 54.4%
Consumer/Non-Cyclical
Energy
Financial 12.66%
Healthcare 0.94%
Services 12.27%
Technology
Transportation
Utilities 17.13%

24 Activity Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
STANLEY BLACK & DECKER INC CORP UNIT 165,015 -18,613 (10.14) 1,160,036
KINDER MORGAN INC DEL WT EXP 052517 56,955 -1,326 (2.28) 12,435,676
AMERICAN INTL GROUP INC WT EXP 011921 18,483 -4,291 (18.84) 744,980
GENERAL MTRS CO WT EXP 071019 15,912 -1,309 (7.6) 898,988
NORTHSTAR RLTY FIN CORP COM NEW 11,828 11,828 New 652,042
KEYCORP NEW PFD 7.75% SR A 8,120 8,120 New 60,709
RADIO ONE INC CL D NON VTG 7,179 38 .54 1,940,169
JPMORGAN CHASE & CO WT EXP 102818 6,752 -931 (12.11) 270,398
CUMULUS MEDIA INC CL A 4,854 1,673 52.59 1,965,000
EASTMAN KODAK CO COM NEW 3,812 102 2.75 196,618
SUPERNUS PHARMACEUTICALS INC COM 1,860 1,860 New 138,429
DURECT CORP COM 1,269 -836 (39.71) 520,000
BANK AMER CORP WT EXP 011619 606 420 226.44 105,765
AURICO GOLD INC COM 524 -359 (40.69) 150,000
EASTMAN KODAK CO WT EXP 090318 77 11 16.24 13,144
EASTMAN KODAK CO WT EXP 090318 65 9 16.24 13,144
AMERICAN INTL GROUP INC COM NEW -60 Sold Out 0
DOMINION RES INC VA NEW COM -3,295 Sold Out 0
EATON VANCE SH TM DR DIVR INCM COM -60 Sold Out 0
GENERAL MTRS CO WT EXP 123115 -1,255 Sold Out 0