ZAZOVE ASSOCIATES LLC Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 36
New Positions 2
Increased Positions 7
Decreased Positions 8
Positions with Activity 15
Sold Out Positions 4
Total Mkt Value (in $ millions) 195

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

Sector Weighting

Basic Materials 0.52%
Capital Goods 3.7%
Conglomerates
Consumer Cyclical 8.96%
Consumer/Non-Cyclical
Energy
Financial 18.25%
Healthcare 0.41%
Services 22.35%
Technology
Transportation
Utilities 25.9%

36 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) ▲ Change (%) Shares Held
STANLEY BLACK & DECKER INC CORP UNIT -180,124 Sold Out 0
WELLS FARGO & CO NEW PERP PFD CNV A -21,095 Sold Out 0
THOMPSON CREEK METALS CO INC TG EQIT U TMED -3,917 Sold Out 0
THOMPSON CREEK METALS CO INC COM -1,256 Sold Out 0
EASTMAN KODAK CO COM NEW 3,502 -1,080 (23.58) 191,348
EASTMAN KODAK CO WT EXP 090318 53 -28 (34.69) 11,308
EASTMAN KODAK CO WT EXP 090318 40 -21 (34.69) 11,308
DURECT CORP COM 793 -10 (1.22) 862,490
AMERICAN INTL GROUP INC WT EXP 011921 20,435 New 943,448
AMERICAN INTL GROUP INC COM NEW 50 New 1,000
AURICO GOLD INC COM 1,024 New 252,910
BANK AMER CORP 7.25%CNV PFD L 388 New 330
BLACKROCK DEBT STRAT FD INC COM 690 New 186,921
DIREXION SHS ETF TR DAILY GOLD MINER 1,216 New 60,000
EATON VANCE LTD DUR INCOME FD COM 2,835 New 201,785
EATON VANCE SH TM DR DIVR INCM COM 59 New 4,133
EMMIS COMMUNICATIONS CORP PFD CV SER A 5,692 New 443,270
EMMIS COMMUNICATIONS CORP CL A 2,171 New 1,079,897
GENERAL MTRS CO WT EXP 123115 1,835 New 2,238,351
IRIDIUM COMMUNICATIONS INC PERP PFD CNV B 4,829 New 14,000