ZA

Zazove Associates Portfolio holdings

AUM $1.23B
This Quarter Return
+0.09%
1 Year Return
+3.71%
3 Year Return
+11.52%
5 Year Return
–
10 Year Return
–
AUM
$1.15B
AUM Growth
+$1.15B
Cap. Flow
+$15.2M
Cap. Flow %
1.32%
Top 10 Hldgs %
46.53%
Holding
119
New
4
Increased
8
Reduced
–
Closed
4

Top Buys

1
FLG.PRU
Flagstar Financial, Inc. Bifurcated Option Note Unit SecuritiES
FLG.PRU
$20M
2
CMLS
Cumulus Media Inc. Class A Common Stock
CMLS
$4.75M
3
TWNKW
Hostess Brands, Inc. Warrants
TWNKW
$1.15M
4
BKEP
Blueknight Energy Partners L.P.
BKEP
$985K
5
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
$589K

Top Sells

1
UONEK icon
Urban One Class D
UONEK
$5.37M
2
WFC.PRL icon
WELLS FARGO 7.5% NON CUMV PERP CONV
WFC.PRL
$4.79M
3
SMPLW
The Simply Good Foods Company Warrant
SMPLW
$2.51M
4
TAHO
Tahoe Resources Inc
TAHO
$984K

Sector Composition

1 Communication Services 0.74%
2 Real Estate 0.41%
3 Energy 0.25%
4 Financials 0.22%
5 Materials 0.05%
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
$20M 1.74% +406,579 New +$20M
UONEK icon
2
Urban One Class D
UONEK
$35.8M
– – -2,586,712 Closed -$5.37M
WFC.PRL icon
3
WELLS FARGO 7.5% NON CUMV PERP CONV
WFC.PRL
$4.82B
– – -3,801 Closed -$4.79M
SMPLW
4
DELISTED
The Simply Good Foods Company Warrant
SMPLW
– – -603,912 Closed -$2.51M
EMMS
5
DELISTED
Emmis Communications Corp
EMMS
$4.78M 0.41% 903,439 +3,101 +0.3% +$16.4K
CMLS
6
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
$4.75M 0.41% +273,598 New +$4.75M
EVV
7
Eaton Vance Limited Duration Income Fund
EVV
$1.2B
$3.47M 0.3% 273,998 – –
DSKEW
8
DELISTED
Daseke, Inc. Warrant
DSKEW
$2.79M 0.24% 3,483,474 +235,700 +7% +$189K
DBRG icon
9
DigitalBridge
DBRG
$2.08B
$2.58M 0.22% 424,010 – –
TWNKW
10
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
$2.57M 0.22% 2,422,831 +1,083,851 +81% +$1.15M
JQC icon
11
Nuveen Credit Strategies Income Fund
JQC
$754M
$2.42M 0.21% 303,805 – –
CCO icon
12
Clear Channel Outdoor Holdings
CCO
$616M
$2.18M 0.19% 365,671 +68,930 +23% +$410K
BKEP
13
DELISTED
Blueknight Energy Partners L.P.
BKEP
$1.7M 0.15% 800,000 +463,314 +138% +$985K
GDL
14
GDL Fund
GDL
$95.9M
$1.24M 0.11% 136,742 +18,090 +15% +$164K
USAC icon
15
USA Compression Partners
USAC
$2.95B
– – 0 – –
BAC.PRL icon
16
Bank of America Series L
BAC.PRL
$3.84B
$1.13M 0.1% 875 – –
RLJ.PRA icon
17
RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred Shares
RLJ.PRA
$313M
$1.01M 0.09% 38,630 – –
CNVS icon
18
Cineverse
CNVS
$93.3M
$987K 0.09% 851,248 – –
KYN icon
19
Kayne Anderson Energy Infrastructure Fund
KYN
$2.12B
$589K 0.05% +33,000 New +$589K
TAHO
20
DELISTED
Tahoe Resources Inc
TAHO
– – -200,000 Closed -$984K
WSCWW
21
DELISTED
WillScot Corporation Warrant
WSCWW
– – 0 – –
PHD
22
Pioneer Floating Rate Fund
PHD
$123M
$527K 0.05% 47,798 – –
DPG
23
Duff & Phelps Utility and Infrastructure Fund
DPG
$469M
$491K 0.04% 33,833 – –
GER
24
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
$381K 0.03% +59,078 New +$381K
KMF
25
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$350K 0.03% 27,323 +8,625 +46% +$110K
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