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) 283

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

Sector Weighting

Basic Materials 0.36%
Capital Goods
Conglomerates
Consumer Cyclical 62.5%
Consumer/Non-Cyclical
Energy
Financial 15.69%
Healthcare 1.47%
Services 10.44%
Technology
Transportation
Utilities 6.94%

15 DECREASED 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 164,157 -18,516 (10.14) 1,160,036
AMERICAN INTL GROUP INC WT EXP 011921 21,612 -5,018 (18.84) 744,980
KINDER MORGAN INC DEL WT EXP 052517 19,648 -457 (2.28) 12,435,676
GENERAL MTRS CO WT EXP 071019 12,766 -1,050 (7.6) 898,988
JPMORGAN CHASE & CO WT EXP 102818 7,052 -972 (12.11) 270,398
DURECT CORP COM 1,253 -825 (39.71) 520,000
AURICO GOLD INC COM 429 -294 (40.69) 150,000
AMERICAN INTL GROUP INC COM NEW -64 Sold Out 0
DOMINION RES INC VA NEW COM -3,284 Sold Out 0
EATON VANCE SH TM DR DIVR INCM COM -58 Sold Out 0
GENERAL MTRS CO WT EXP 123115 -220 Sold Out 0
LIBERTY BROADBAND CORP RT PUR COM SER C -13 Sold Out 0
LIBERTY BROADBAND CORP COM SER A -137 Sold Out 0
NEW YORK CMNTY CAP TR V BONUSES UNIT -35,328 Sold Out 0
NUVEEN SHT DUR CR OPP FD COM -31 Sold Out 0