ZAZOVE ASSOCIATES LLC Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 39
New Positions 7
Increased Positions 11
Decreased Positions 6
Positions with Activity 17
Sold Out Positions 3
Total Mkt Value (in $ millions) 355

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

Sector Weighting

Basic Materials 0.63%
Capital Goods 0%
Conglomerates
Consumer Cyclical 54.91%
Consumer/Non-Cyclical
Energy
Financial 9.92%
Healthcare 0.39%
Services 7.6%
Technology
Transportation
Utilities 14.9%

17 Activity Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
STANLEY BLACK & DECKER INC CORP UNIT 173,546 173,546 New 1,290,881
KINDER MORGAN INC DEL WT EXP 052517 49,628 410 .83 12,725,171
NEW YORK CMNTY CAP TR V BONUSES UNIT 34,404 547 1.62 684,647
AMERICAN INTL GROUP INC WT EXP 011921 19,901 -553 (2.7) 917,938
WELLS FARGO & CO NEW PERP PFD CNV A 7,277 7,277 New 5,989
JPMORGAN CHASE & CO WT EXP 102818 6,510 -138 (2.07) 307,663
RADIO ONE INC CL D NON VTG 5,847 1,772 43.48 1,929,824
CUMULUS MEDIA INC CL A 3,541 585 19.80 1,287,800
DOMINION RES INC VA NEW COM 3,237 3,237 New 45,787
GENERAL MTRS CO WT EXP 123115 2,213 -708 (24.23) 1,695,956
THOMPSON CREEK METALS CO INC COM 1,439 1,439 New 1,013,077
BANK AMER CORP WT EXP 011619 184 184 New 32,400
NUVEEN SHT DUR CR OPP FD COM 33 33 New 1,900
LIBERTY BROADBAND CORP RT PUR COM SER C 13 13 New 1,500
AGCO CORP COM -7,827 Sold Out 0
KEYCORP NEW PFD 7.75% SR A -6,972 Sold Out 0
OMNICOM GROUP INC COM -20,747 Sold Out 0