ZA

Zazove Associates Portfolio holdings

AUM $1.23B
This Quarter Return
+0.83%
1 Year Return
+3.71%
3 Year Return
+11.52%
5 Year Return
–
10 Year Return
–
AUM
$2.45B
AUM Growth
+$2.45B
Cap. Flow
+$160M
Cap. Flow %
6.51%
Top 10 Hldgs %
51.36%
Holding
161
New
9
Increased
4
Reduced
3
Closed
3

Top Buys

1
SWU
STANLEY BLACK & DECKER INC CORP UNIT
SWU
$178M
2
WFC.PRL icon
WELLS FARGO 7.5% NON CUMV PERP CONV
WFC.PRL
$7.28M
3
D icon
Dominion Energy
D
$3.52M
4
TC
Thompson Creek Metals Company Inc. Ordinary Shares (Canada)
TC
$1.69M
5
UONEK icon
Urban One Class D
UONEK
$977K

Top Sells

1
OMC icon
Omnicom Group
OMC
$18.5M
2
AGCO icon
AGCO
AGCO
$7.58M
3
KEY.PRG
KeyCorp Pfd
KEY.PRG
$7.02M
4
AIG.WS
American International Group, Inc.
AIG.WS
$628K
5
GM.WS.C
GENERAL MTRS CO WTS EXP 12/31/15 (DE)
GM.WS.C
$624K

Sector Composition

1 Communication Services 0.19%
2 Industrials 0.17%
3 Utilities 0.14%
4 Materials 0.1%
5 Real Estate 0.08%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
SWU
1
DELISTED
STANLEY BLACK & DECKER INC CORP UNIT
SWU
$178M 7.27% +1,290,881 New +$178M
KMI.WS
2
DELISTED
Kinder Morgan Inc
KMI.WS
$54.2M 2.21% 12,725,171 +105,000 +0.8% +$447K
FLG.PRU
3
Flagstar Financial, Inc. Bifurcated Option Note Unit SecuritiES
FLG.PRU
$113M
$34.1M 1.39% 684,647 +10,893 +2% +$543K
AIG.WS
4
DELISTED
American International Group, Inc.
AIG.WS
$22.6M 0.92% 917,938 -25,510 -3% -$628K
GM.WS.B
5
DELISTED
General Motors Company
GM.WS.B
$16.5M 0.68% 972,920 – –
WFC.PRL icon
6
WELLS FARGO 7.5% NON CUMV PERP CONV
WFC.PRL
$4.82B
$7.28M 0.3% +5,989 New +$7.28M
JPM.WS
7
DELISTED
JPMorgan Chase
JPM.WS
$6.4M 0.26% 307,663 -6,500 -2% -$135K
EMMSP
8
DELISTED
EMMIS COMMUNICATIONS CRP CV PF
EMMSP
$5.71M 0.23% 443,270 – –
CMLS
9
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
$5.45M 0.22% 1,287,800 +212,800 +20% +$900K
IRDMB
10
DELISTED
Iridium Communications Inc - 6.75% Series B
IRDMB
$5.09M 0.21% 14,000 – –
KODK icon
11
Kodak
KODK
$477M
$4.15M 0.17% 191,348 – –
D icon
12
Dominion Energy
D
$51.1B
$3.52M 0.14% +45,787 New +$3.52M
UONEK icon
13
Urban One Class D
UONEK
$35.8M
$3.22M 0.13% 1,929,824 +584,793 +43% +$977K
EVV
14
Eaton Vance Limited Duration Income Fund
EVV
$1.2B
$2.85M 0.12% 201,785 – –
JQC icon
15
Nuveen Credit Strategies Income Fund
JQC
$754M
$2.18M 0.09% 248,024 – –
EMMS
16
DELISTED
Emmis Communications Corp
EMMS
$2.02M 0.08% 1,079,897 – –
GM.WS.C
17
DELISTED
GENERAL MTRS CO WTS EXP 12/31/15 (DE)
GM.WS.C
$1.95M 0.08% 1,695,956 -542,395 -24% -$624K
TC
18
DELISTED
Thompson Creek Metals Company Inc. Ordinary Shares (Canada)
TC
$1.69M 0.07% +1,013,077 New +$1.69M
AUQ
19
DELISTED
AURICO GOLD INC COM
AUQ
$830K 0.03% 252,910 – –
FWONK icon
20
Liberty Media Series C
FWONK
$25B
$701K 0.03% 20,000 – –
DSU icon
21
BlackRock Debt Strategies Fund
DSU
$550M
$695K 0.03% 186,921 – –
DRRX icon
22
DURECT Corp
DRRX
$59.6M
$681K 0.03% 862,490 – –
NUGT icon
23
Direxion Daily Gold Miners Index Bull 2X Shares
NUGT
$770M
$670K 0.03% 60,000 – –
JRO
24
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$389K 0.02% 34,542 – –
BAC.PRL icon
25
Bank of America Series L
BAC.PRL
$3.84B
$384K 0.02% 330 – –
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