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) 300

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

Sector Weighting

Basic Materials 0.37%
Capital Goods
Conglomerates
Consumer Cyclical 61.55%
Consumer/Non-Cyclical
Energy
Financial 14.6%
Healthcare 1.21%
Services 10.86%
Technology
Transportation
Utilities 9.02%

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 -62 Sold Out 0
AMERICAN INTL GROUP INC WT EXP 011921 21,031 -4,883 (18.84) 744,980
AURICO GOLD INC COM 429 -294 (40.69) 150,000
BANK AMER CORP 7.25%CNV PFD L 367 New 330
BANK AMER CORP WT EXP 011619 646 448 226.44 105,765
BLACKROCK DEBT STRAT FD INC COM 677 New 186,921
CUMULUS MEDIA INC CL A 3,969 1,368 52.59 1,965,000
DIREXION SHS ETF TR DAILY GOLD MINER 490 New 60,000
DOMINION RES INC VA NEW COM -3,107 Sold Out 0
DURECT CORP COM 1,248 -822 (39.71) 520,000
EASTMAN KODAK CO WT EXP 090318 45 6 16.24 13,144
EASTMAN KODAK CO WT EXP 090318 36 5 16.24 13,144
EASTMAN KODAK CO COM NEW 3,097 83 2.75 196,618
EATON VANCE LTD DUR INCOME FD COM 2,777 New 201,785
EATON VANCE SH TM DR DIVR INCM COM -57 Sold Out 0
EMMIS COMMUNICATIONS CORP PFD CV SER A 2,172 New 443,270
EMMIS COMMUNICATIONS CORP CL A 1,145 New 1,079,897
GENERAL MTRS CO WT EXP 071019 13,826 -1,137 (7.6) 898,988
GENERAL MTRS CO WT EXP 123115 -431 Sold Out 0
IRIDIUM COMMUNICATIONS INC PERP PFD CNV B 4,471 New 14,000