Zazove Convertible Securities Fund Inc – ‘N-23C3B’ for 2/18/15

On:  Wednesday, 2/18/15, at 2:28pm ET   ·   Effective:  2/18/15   ·   For:  2/18/15   ·   Accession #:  1076322-15-1   ·   File #:  817-00813

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Notice of a Periodic Repurchase Offer   —   Rule 23c-3(c) Only
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-23C3B     Notice of a Periodic Repurchase Offer                  2±     8K 
 2: EX-1        Repurchase Offer                                       1      4K 

N-23C3B   —   Notice of a Periodic Repurchase Offer

REPURCHASE OFFER                                                                
NOTIFICATION                                                                    

If you have any questions concerning your                                       
account, please contact Investor Services at:                                   
(847) 239-7100 or (800) 217-2978                                                

February 18, 2015                                                               

Re:  Quarterly Repurchase Offer                                                 

The following information is provided for persons who desire to                 
redeem Shares in the Zazove Convertible Securities Fund, Inc. as of             
March 31, 2015.                                                                 

This Notification is provided in accordance with the requirements of            
Rule 23c-3 issued under the Investment Company Act of 1940.                     
Capitalized terms used in this Notification but not defined have                
the same meaning as provided in the Articles of Incorporation of                
Zazove Convertible Securities Fund, Inc.                                        

The Zazove Convertible Securities Fund, Inc. (the "Fund") is offering           
to repurchase on March 31, 2015 up to 25% of its Shares outstanding             
as of the close of business on March 31, 2015 at the Current Net Asset          
Value per Share as of the close of business on March 31, 2015.  No              
redemption or other fees will be imposed on the repurchase of Shares            
pursuant to this offer; provided, however, that the Fund may impose a           
2% redemption fee on the repurchase of any Shares acquired by a                 
Shareholder within the one year period ending on March 31, 2015.  For           
this purpose, Shares are deemed repurchased by treating the Shares first        
acquired by a Shareholder as being repurchased prior to Shares acquired         
by the Shareholder thereafter.                                                  

A Shareholder that desires to have Shares redeemed must complete the            
enclosed Repurchase Request Form and deliver it to the Fund at 1033             
Skokie Blvd, Suite 310, Northbrook, Illinois 60062.  In order to                
be effective, the Repurchase Request Form must be received by the Fund          
on or before March 17, 2015.  A Shareholder may withdraw or modify any          
request to repurchase Shares at any time prior to the end of business           
on March 17, 2015, but not thereafter.                                          

Please note that there is a risk that the Current Net Asset Value per           
Share will fluctuate between the repurchase request deadline of                 
March 17, 2015 and the repurchase pricing date of March 31, 2015.               

If the aggregate number of Shares requested by the Shareholders to be           
repurchased is in excess of 25% of the Shares outstanding at the close          
of business on March 31, 2015, the Fund may elect to repurchase an              
additional 2% of its Shares outstanding on such date.  If the aggregate         
number of Shares requested by the Shareholders for repurchase exceeds           
the number of Shares in this repurchase offer (including, if the Fund           
so elects, the additional 2%), then the Fund will repurchase Shares             
on a pro-rata basis; provided, however, that the Fund may, prior to             
prorating tendered Shares, accept all Shares tendered by Shareholders           
who hold fewer than 100 Shares and who tender all of their Shares.              

The Fund may suspend or postpone the repurchase offer described in this         
notification only if a majority of the Directors, including a majority of       
the Independent Directors, vote to suspend or delay the repurchase offer        
and (i) The New York Stock Exchange or any other market in which the            
securities owned by the Fund are principally traded is closed, other            
than customary weekend and holiday closings, or trading in such market is       
restricted, (ii) an emergency exists as a result of which either disposal       
by the Fund of its securities is not reasonably practicable or it is not        
reasonably practicable to fairly determine the Current Net Asset Value          
per Share or (iii) as permitted by the Securities and Exchange Commission       
by order to protect the Shareholders.                                           

The Current Net Asset Value per Share as of the close of business on            
February 13, 2015 was $19.38.  Shareholders may ascertain the Current           
Net Asset Value per Share as of the close of business on the last               
business day of each week prior to March 17, 2015 and each of the               
five business days prior to such date by calling the Fund at (847)              
239-7100.                                                                       

Dates Referenced Herein

This ‘N-23C3B’ Filing		Date		Other Filings
		3/31/15		None on these Dates
		3/17/15
Filed on / Effective on / For Period End:		2/18/15
		2/13/15
				List all Filings