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) 324

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

Sector Weighting

Basic Materials 0.43%
Capital Goods
Conglomerates
Consumer Cyclical 55.94%
Consumer/Non-Cyclical
Energy
Financial 12.82%
Healthcare 1%
Services 12.41%
Technology
Transportation
Utilities 15.26%

39 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
AMERICAN INTL GROUP INC COM NEW -59 Sold Out 0
DOMINION RES INC VA NEW COM -3,250 Sold Out 0
EATON VANCE SH TM DR DIVR INCM COM -60 Sold Out 0
GENERAL MTRS CO WT EXP 123115 -1,391 Sold Out 0
LIBERTY BROADBAND CORP RT PUR COM SER C -13 Sold Out 0
LIBERTY BROADBAND CORP COM SER A -133 Sold Out 0
NEW YORK CMNTY CAP TR V BONUSES UNIT -34,287 Sold Out 0
NUVEEN SHT DUR CR OPP FD COM -33 Sold Out 0
AURICO GOLD INC COM 492 -338 (40.69) 150,000
DURECT CORP COM 1,357 -894 (39.71) 520,000
AMERICAN INTL GROUP INC WT EXP 011921 18,122 -4,207 (18.84) 744,980
JPMORGAN CHASE & CO WT EXP 102818 6,682 -921 (12.11) 270,398
STANLEY BLACK & DECKER INC CORP UNIT 164,528 -18,558 (10.14) 1,160,036
GENERAL MTRS CO WT EXP 071019 16,499 -1,357 (7.6) 898,988
KINDER MORGAN INC DEL WT EXP 052517 49,370 -1,149 (2.28) 12,435,676
BANK AMER CORP 7.25%CNV PFD L 377 New 330
BLACKROCK DEBT STRAT FD INC COM 697 New 186,921
DIREXION SHS ETF TR DAILY GOLD MINER 664 New 60,000
EATON VANCE LTD DUR INCOME FD COM 2,871 New 201,785
EMMIS COMMUNICATIONS CORP CL A 1,274 New 1,079,897