ZA

Zazove Associates Portfolio holdings

AUM $1.23B
This Quarter Return
+0.06%
1 Year Return
+3.71%
3 Year Return
+11.52%
5 Year Return
–
10 Year Return
–
AUM
$1.92B
AUM Growth
+$1.92B
Cap. Flow
+$8.22M
Cap. Flow %
0.43%
Top 10 Hldgs %
44.19%
Holding
117
New
2
Increased
4
Reduced
2
Closed
3

Top Buys

1
FLG.PRU
Flagstar Financial, Inc. Bifurcated Option Note Unit SecuritiES
FLG.PRU
$28.2M
2
CCO icon
Clear Channel Outdoor Holdings
CCO
$593K
3
UONEK icon
Urban One Class D
UONEK
$547K
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
$307K
5
EMMS
Emmis Communications Corp
EMMS
$152K

Top Sells

1
WELL.PRI
Welltower Inc.
WELL.PRI
$16M
2
KEY icon
KeyCorp
KEY
$5.2M
3
WFC.PRL icon
WELLS FARGO 7.5% NON CUMV PERP CONV
WFC.PRL
$250K
4
JSD
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$54K
5
KMI.WS
Kinder Morgan Inc
KMI.WS
$30K

Sector Composition

1 Communication Services 0.31%
2 Real Estate 0.13%
3 Financials 0.06%
4 Healthcare 0.02%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
FLG.PRU
1
Flagstar Financial, Inc. Bifurcated Option Note Unit SecuritiES
FLG.PRU
$113M
$28.2M 1.47% +549,358 New +$28.2M
GM.WS.B
2
DELISTED
General Motors Company
GM.WS.B
$11.2M 0.58% 643,467 – –
WFC.PRL icon
3
WELLS FARGO 7.5% NON CUMV PERP CONV
WFC.PRL
$4.82B
$9.05M 0.47% 6,879 -190 -3% -$250K
UONEK icon
4
Urban One Class D
UONEK
$35.8M
$4.49M 0.23% 1,996,881 +243,097 +14% +$547K
IRDMB
5
DELISTED
Iridium Communications Inc - 6.75% Series B
IRDMB
$4.06M 0.21% 10,580 – –
EVV
6
Eaton Vance Limited Duration Income Fund
EVV
$1.2B
$3.86M 0.2% 273,998 +21,800 +9% +$307K
JQC icon
7
Nuveen Credit Strategies Income Fund
JQC
$754M
$2.62M 0.14% 303,805 – –
EMMS
8
DELISTED
Emmis Communications Corp
EMMS
$2.46M 0.13% 858,684 +52,930 +7% +$152K
BAC.WS.A
9
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
$1.26M 0.07% 105,000 – –
DBRG icon
10
DigitalBridge
DBRG
$2.08B
$1.2M 0.06% 85,174 – –
BAC.PRL icon
11
Bank of America Series L
BAC.PRL
$3.84B
$1.14M 0.06% 900 – –
GDL
12
GDL Fund
GDL
$95.9M
$1.13M 0.06% 110,269 – –
WELL.PRI
13
DELISTED
Welltower Inc.
WELL.PRI
$1.13M 0.06% 17,000 -242,529 -93% -$16M
FCH.PRA
14
DELISTED
Felcor Lodging Tr Ser A Cum Cv
FCH.PRA
$1.11M 0.06% 39,700 – –
RA
15
Brookfield Real Assets Income Fund
RA
$747M
$843K 0.04% 36,347 – –
CCO icon
16
Clear Channel Outdoor Holdings
CCO
$616M
$822K 0.04% 169,442 +122,313 +260% +$593K
FOF icon
17
Cohen & Steers Closed End Opportunity Fund
FOF
$361M
$637K 0.03% 49,031 – –
UTF icon
18
Cohen & Steers Infrastructure Fund
UTF
$2.58B
$632K 0.03% 26,758 – –
GLU
19
Gabelli Utility & Income Trust
GLU
$107M
$614K 0.03% 30,347 – –
DSU icon
20
BlackRock Debt Strategies Fund
DSU
$550M
$585K 0.03% 50,668 – –
PHD
21
Pioneer Floating Rate Fund
PHD
$123M
$569K 0.03% 47,798 – –
DPG
22
Duff & Phelps Utility and Infrastructure Fund
DPG
$469M
$562K 0.03% 33,833 – –
SIRI icon
23
SiriusXM
SIRI
$7.96B
$547K 0.03% 100,000 – –
DRRX icon
24
DURECT Corp
DRRX
$59.6M
$398K 0.02% 255,000 – –
CMLS
25
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
$315K 0.02% 700,576 – –
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