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Mackay Shields LLC – ‘13F-HR’ for 6/30/15 – ‘INFO-TABLE’

On:  Friday, 7/31/15, at 8:27pm ET   ·   As of:  8/3/15   ·   Effective:  8/3/15   ·   For:  6/30/15   ·   Accession #:  1085146-15-1554   ·   File #:  28-00046

Previous ‘13F-HR’:  ‘13F-HR’ on 5/5/15 for 3/31/15   ·   Next:  ‘13F-HR’ on 10/22/15 for 9/30/15   ·   Latest:  ‘13F-HR’ on 5/3/24 for 3/31/24

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/03/15  Mackay Shields LLC                13F-HR      6/30/15    2:63K                                    Adv Consultant Netw… Inc

Quarterly Holdings and Combination Report by a Money Manager   —   Form 13F
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 13F-HR      Quarterly Holdings and Combination Report by a      HTML      3K 
                Money Manager -- primary_doc.xml                                 
 2: INFO-TABLE  Description for Information Table --                HTML      3K 
                form13fInfoTable.xml

‘INFO-TABLE’   —   Description for Information Table — form13fInfoTable.xml



        

This ‘INFO-TABLE’ Document is an XML Data File that may be rendered in various formats:

  Information Table    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
XML Data rendering:  Description for Information Table
 
                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<informationTable xsi:schemaLocation="http://www.sec.gov/edgar/document/thirteenf/informationtable eis_13FDocument.xsd" xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:n1="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<infoTable>
<nameOfIssuer> AIR LEASE CORP </nameOfIssuer>
<titleOfClass> NOTE 3.875%12/0 </titleOfClass>
<cusip> 00912XAK0 </cusip>
<value> 23770 </value>
<shrsOrPrnAmt>
<sshPrnamt> 17810000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 3766000 </Sole>
<Shared> 13744000 </Shared>
<None> 300000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> AIRTRAN HLDGS INC </nameOfIssuer>
<titleOfClass> NOTE 5.250%11/0 </titleOfClass>
<cusip> 00949PAD0 </cusip>
<value> 19232 </value>
<shrsOrPrnAmt>
<sshPrnamt> 7943000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 7693000 </Sole>
<Shared> 250000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> ALCOA INC </nameOfIssuer>
<titleOfClass> DEP SHS 1/10TH </titleOfClass>
<cusip> 013817309 </cusip>
<value> 7811 </value>
<shrsOrPrnAmt>
<sshPrnamt> 197600 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 50400 </Sole>
<Shared> 147200 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> ALLERGAN PLC </nameOfIssuer>
<titleOfClass> PFD CONV SER A </titleOfClass>
<cusip> G0177J116 </cusip>
<value> 27885 </value>
<shrsOrPrnAmt>
<sshPrnamt> 26730 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 11102 </Sole>
<Shared> 15162 </Shared>
<None> 466 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> ALZA CORP </nameOfIssuer>
<titleOfClass> SDCV 7/2 </titleOfClass>
<cusip> 02261WAB5 </cusip>
<value> 9600 </value>
<shrsOrPrnAmt>
<sshPrnamt> 7154000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 7154000 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> AMERICAN TOWER CORP NEW </nameOfIssuer>
<titleOfClass> PFD CONV SER A </titleOfClass>
<cusip> 03027X308 </cusip>
<value> 26963 </value>
<shrsOrPrnAmt>
<sshPrnamt> 266639 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 119923 </Sole>
<Shared> 140589 </Shared>
<None> 6127 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> ANTHEM INC </nameOfIssuer>
<titleOfClass> UNIT 05/01/20188 </titleOfClass>
<cusip> 036752202 </cusip>
<value> 6945 </value>
<shrsOrPrnAmt>
<sshPrnamt> 131800 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 131800 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> APOLLO INVT CORP </nameOfIssuer>
<titleOfClass> NOTE 5.750% 1/1 </titleOfClass>
<cusip> 03761UAE6 </cusip>
<value> 9927 </value>
<shrsOrPrnAmt>
<sshPrnamt> 9709000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 9709000 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> ARCELORMITTAL SA LUXEMBOURG </nameOfIssuer>
<titleOfClass> MAND CV NT 16 </titleOfClass>
<cusip> L0302D178 </cusip>
<value> 1436 </value>
<shrsOrPrnAmt>
<sshPrnamt> 92000 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 8000 </Sole>
<Shared> 84000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> ARES CAP CORP </nameOfIssuer>
<titleOfClass> NOTE 4.750% 1/1 </titleOfClass>
<cusip> 04010LAJ2 </cusip>
<value> 11438 </value>
<shrsOrPrnAmt>
<sshPrnamt> 11132000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 11132000 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> ARES CAP CORP </nameOfIssuer>
<titleOfClass> NOTE 5.750% 2/0 </titleOfClass>
<cusip> 04010LAB9 </cusip>
<value> 2029 </value>
<shrsOrPrnAmt>
<sshPrnamt> 1989000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 1810000 </Sole>
<Shared> 5000 </Shared>
<None> 174000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> ARRAY BIOPHARMA INC </nameOfIssuer>
<titleOfClass> NOTE 3.000% 6/0 </titleOfClass>
<cusip> 04269XAA3 </cusip>
<value> 6185 </value>
<shrsOrPrnAmt>
<sshPrnamt> 4880000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 130000 </Sole>
<Shared> 4750000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> ATLAS AIR WORLDWIDE HLDGS IN </nameOfIssuer>
<titleOfClass> NOTE 2.250% 6/0 </titleOfClass>
<cusip> 049164BH8 </cusip>
<value> 9794 </value>
<shrsOrPrnAmt>
<sshPrnamt> 10000000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 185000 </Sole>
<Shared> 9815000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> BANK AMER CORP </nameOfIssuer>
<titleOfClass> 7.25%CNV PFD L </titleOfClass>
<cusip> 060505682 </cusip>
<value> 13061 </value>
<shrsOrPrnAmt>
<sshPrnamt> 11745 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 10680 </Sole>
<Shared> 418 </Shared>
<None> 647 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> BANK AMER CORP </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 060505104 </cusip>
<value> 7996 </value>
<shrsOrPrnAmt>
<sshPrnamt> 469774 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 469774 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> BIOMARIN PHARMACEUTICAL INC </nameOfIssuer>
<titleOfClass> NOTE 0.750%10/1 </titleOfClass>
<cusip> 09061GAE1 </cusip>
<value> 37732 </value>
<shrsOrPrnAmt>
<sshPrnamt> 24419000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 7215000 </Sole>
<Shared> 16772000 </Shared>
<None> 432000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> BLACKROCK FLA MUN 2020 TERM </nameOfIssuer>
<titleOfClass> COM SHS </titleOfClass>
<cusip> 09250M109 </cusip>
<value> 1724 </value>
<shrsOrPrnAmt>
<sshPrnamt> 116357 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 116357 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> BLACKROCK MUNIC BD INVST TR </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 09249K107 </cusip>
<value> 701 </value>
<shrsOrPrnAmt>
<sshPrnamt> 50000 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 24992 </Sole>
<Shared> 25008 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> BLACKROCK MUNIHLDGS NJ QLTY </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 09254X101 </cusip>
<value> 292 </value>
<shrsOrPrnAmt>
<sshPrnamt> 22040 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 22040 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> BLACKROCK MUNIHLDNGS CALI QL </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 09254L107 </cusip>
<value> 2588 </value>
<shrsOrPrnAmt>
<sshPrnamt> 184842 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 126866 </Sole>
<Shared> 57976 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> BLACKROCK MUNIHLDS INVSTM QL </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 09254P108 </cusip>
<value> 3124 </value>
<shrsOrPrnAmt>
<sshPrnamt> 225594 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 225594 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> BLACKROCK MUNIHOLDNGS QLTY I </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 09254A101 </cusip>
<value> 3672 </value>
<shrsOrPrnAmt>
<sshPrnamt> 283145 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 145356 </Sole>
<Shared> 137789 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> BLACKROCK MUNIYIELD CALI QLT </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 09254N103 </cusip>
<value> 235 </value>
<shrsOrPrnAmt>
<sshPrnamt> 16228 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 16228 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> BLACKROCK MUNIYIELD FD INC </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 09253W104 </cusip>
<value> 1450 </value>
<shrsOrPrnAmt>
<sshPrnamt> 104738 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 40438 </Sole>
<Shared> 64300 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> BLACKROCK MUNIYLD INVST QLTY </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 09254T100 </cusip>
<value> 1156 </value>
<shrsOrPrnAmt>
<sshPrnamt> 87573 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 49408 </Sole>
<Shared> 38165 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> BOTTOMLINE TECH DEL INC </nameOfIssuer>
<titleOfClass> NOTE 1.500%12/0 </titleOfClass>
<cusip> 101388AA4 </cusip>
<value> 25647 </value>
<shrsOrPrnAmt>
<sshPrnamt> 22993000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 8297000 </Sole>
<Shared> 14364000 </Shared>
<None> 332000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> CAMERON INTERNATIONAL CORP </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 13342B105 </cusip>
<value> 4190 </value>
<shrsOrPrnAmt>
<sshPrnamt> 80000 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 80000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> CARRIAGE SVCS INC </nameOfIssuer>
<titleOfClass> NOTE 2.750% 3/1 </titleOfClass>
<cusip> 143905AM9 </cusip>
<value> 13721 </value>
<shrsOrPrnAmt>
<sshPrnamt> 11446000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 242000 </Sole>
<Shared> 11204000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> CHART INDS INC </nameOfIssuer>
<titleOfClass> NOTE 2.000% 8/0 </titleOfClass>
<cusip> 16115QAC4 </cusip>
<value> 27018 </value>
<shrsOrPrnAmt>
<sshPrnamt> 27837000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 8814000 </Sole>
<Shared> 18707000 </Shared>
<None> 316000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> CIENA CORP </nameOfIssuer>
<titleOfClass> DEBT 4.000%12/1 </titleOfClass>
<cusip> 171779AK7 </cusip>
<value> 155 </value>
<shrsOrPrnAmt>
<sshPrnamt> 110000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 110000 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> CIENA CORP </nameOfIssuer>
<titleOfClass> NOTE 0.875% 6/1 </titleOfClass>
<cusip> 171779AE1 </cusip>
<value> 2102 </value>
<shrsOrPrnAmt>
<sshPrnamt> 2094000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 1909000 </Sole>
<Shared> 5000 </Shared>
<None> 180000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> CIENA CORP </nameOfIssuer>
<titleOfClass> NOTE 0.875% 6/1 </titleOfClass>
<cusip> 171779AE1 </cusip>
<value> 114 </value>
<shrsOrPrnAmt>
<sshPrnamt> 113000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 113000 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> CITRIX SYS INC </nameOfIssuer>
<titleOfClass> NOTE 0.500% 4/1 </titleOfClass>
<cusip> 177376AD2 </cusip>
<value> 18664 </value>
<shrsOrPrnAmt>
<sshPrnamt> 17587000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 9206000 </Sole>
<Shared> 8381000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> CORNERSTONE ONDEMAND INC </nameOfIssuer>
<titleOfClass> NOTE 1.500% 7/0 </titleOfClass>
<cusip> 21925YAB9 </cusip>
<value> 16466 </value>
<shrsOrPrnAmt>
<sshPrnamt> 16233000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 436000 </Sole>
<Shared> 15797000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> CROWN CASTLE INTL CORP NEW </nameOfIssuer>
<titleOfClass> CNV PFD STK SR A </titleOfClass>
<cusip> 22822V200 </cusip>
<value> 20615 </value>
<shrsOrPrnAmt>
<sshPrnamt> 199755 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 50200 </Sole>
<Shared> 149555 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> DANAHER CORP DEL </nameOfIssuer>
<titleOfClass> NOTE 1/2 </titleOfClass>
<cusip> 235851AF9 </cusip>
<value> 63062 </value>
<shrsOrPrnAmt>
<sshPrnamt> 25379000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 10416000 </Sole>
<Shared> 14639000 </Shared>
<None> 324000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> DELTA AIR LINES INC DEL </nameOfIssuer>
<titleOfClass> COM NEW </titleOfClass>
<cusip> 247361702 </cusip>
<value> 13306 </value>
<shrsOrPrnAmt>
<sshPrnamt> 323913 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 323913 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> DEPOMED INC </nameOfIssuer>
<titleOfClass> NOTE 2.500% 9/0 </titleOfClass>
<cusip> 249908AA2 </cusip>
<value> 15538 </value>
<shrsOrPrnAmt>
<sshPrnamt> 12114000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 4844000 </Sole>
<Shared> 6834000 </Shared>
<None> 436000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> DOMINION RES INC VA NEW </nameOfIssuer>
<titleOfClass> UNIT 99/99/9999 </titleOfClass>
<cusip> 25746U869 </cusip>
<value> 1105 </value>
<shrsOrPrnAmt>
<sshPrnamt> 23200 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 23200 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> DYNEGY INC NEW DEL </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 26817R108 </cusip>
<value> 384 </value>
<shrsOrPrnAmt>
<sshPrnamt> 13120 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 13120 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> EATON VANCE NEW YORK MUN BD </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 27827Y109 </cusip>
<value> 180 </value>
<shrsOrPrnAmt>
<sshPrnamt> 14632 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 14632 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> ECHO GLOBAL LOGISTICS INC </nameOfIssuer>
<titleOfClass> NOTE 2.500% 5/0 </titleOfClass>
<cusip> 27875TAA9 </cusip>
<value> 11813 </value>
<shrsOrPrnAmt>
<sshPrnamt> 10951000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 260000 </Sole>
<Shared> 10691000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> FIAT CHRYSLER AUTOMOBILES N </nameOfIssuer>
<titleOfClass> MAN COV SEC 16 </titleOfClass>
<cusip> N31738110 </cusip>
<value> 25857 </value>
<shrsOrPrnAmt>
<sshPrnamt> 204973 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 76193 </Sole>
<Shared> 124449 </Shared>
<None> 4331 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> FLUIDIGM CORP DEL </nameOfIssuer>
<titleOfClass> NOTE 2.750% 2/0 </titleOfClass>
<cusip> 34385PAA6 </cusip>
<value> 1990 </value>
<shrsOrPrnAmt>
<sshPrnamt> 2263000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 2067000 </Sole>
<Shared> 5000 </Shared>
<None> 191000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> FORD MTR CO DEL </nameOfIssuer>
<titleOfClass> COM PAR $0.01 </titleOfClass>
<cusip> 345370860 </cusip>
<value> 27686 </value>
<shrsOrPrnAmt>
<sshPrnamt> 1844500 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 3 </otherManager>
<votingAuthority>
<Sole> 160000 </Sole>
<Shared> 1684500 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> GENERAL MTRS CO </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 37045V100 </cusip>
<value> 23300 </value>
<shrsOrPrnAmt>
<sshPrnamt> 699066 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 3 </otherManager>
<votingAuthority>
<Sole> 323719 </Sole>
<Shared> 375347 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> GILEAD SCIENCES INC </nameOfIssuer>
<titleOfClass> NOTE 1.625% 5/0 </titleOfClass>
<cusip> 375558AP8 </cusip>
<value> 62253 </value>
<shrsOrPrnAmt>
<sshPrnamt> 12069000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 3897000 </Sole>
<Shared> 8172000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> GOLDCORP INC NEW </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 380956409 </cusip>
<value> 1247 </value>
<shrsOrPrnAmt>
<sshPrnamt> 76945 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 11745 </Sole>
<Shared> 65200 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> HALLIBURTON CO </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 406216101 </cusip>
<value> 8042 </value>
<shrsOrPrnAmt>
<sshPrnamt> 186718 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 186718 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> HEALTH CARE REIT INC </nameOfIssuer>
<titleOfClass> PFD PER CON I </titleOfClass>
<cusip> 42217K601 </cusip>
<value> 5850 </value>
<shrsOrPrnAmt>
<sshPrnamt> 97900 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 23300 </Sole>
<Shared> 74600 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> HELIX ENERGY SOLUTIONS GRP I </nameOfIssuer>
<titleOfClass> NOTE 3.250% 3/1 </titleOfClass>
<cusip> 42330PAG2 </cusip>
<value> 33338 </value>
<shrsOrPrnAmt>
<sshPrnamt> 35077000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 14288000 </Sole>
<Shared> 20147000 </Shared>
<None> 642000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> HOLOGIC INC </nameOfIssuer>
<titleOfClass> DEBT 2.000% 3/0 </titleOfClass>
<cusip> 436440AC5 </cusip>
<value> 22769 </value>
<shrsOrPrnAmt>
<sshPrnamt> 17240000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 3671000 </Sole>
<Shared> 13245000 </Shared>
<None> 324000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> HOMEAWAY INC </nameOfIssuer>
<titleOfClass> NOTE 0.125% 4/0 </titleOfClass>
<cusip> 43739QAB6 </cusip>
<value> 42537 </value>
<shrsOrPrnAmt>
<sshPrnamt> 44166000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 12120000 </Sole>
<Shared> 32046000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> HORNBECK OFFSHORE SVCS INC N </nameOfIssuer>
<titleOfClass> NOTE 1.500% 9/0 </titleOfClass>
<cusip> 440543AN6 </cusip>
<value> 2456 </value>
<shrsOrPrnAmt>
<sshPrnamt> 3000000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 3000000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> ILLUMINA INC </nameOfIssuer>
<titleOfClass> NOTE 0.500% 6/1 </titleOfClass>
<cusip> 452327AH2 </cusip>
<value> 14651 </value>
<shrsOrPrnAmt>
<sshPrnamt> 11864000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 4455000 </Sole>
<Shared> 7010000 </Shared>
<None> 399000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> ILLUMINA INC </nameOfIssuer>
<titleOfClass> NOTE 6/1 </titleOfClass>
<cusip> 452327AF6 </cusip>
<value> 20759 </value>
<shrsOrPrnAmt>
<sshPrnamt> 17658000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 10659000 </Sole>
<Shared> 6999000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> INSULET CORP </nameOfIssuer>
<titleOfClass> NOTE 2.000% 6/1 </titleOfClass>
<cusip> 45784PAD3 </cusip>
<value> 6522 </value>
<shrsOrPrnAmt>
<sshPrnamt> 6724000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 1653000 </Sole>
<Shared> 5071000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> INTEL CORP </nameOfIssuer>
<titleOfClass> SDCV 12/1 </titleOfClass>
<cusip> 458140AD2 </cusip>
<value> 2291 </value>
<shrsOrPrnAmt>
<sshPrnamt> 1904000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 1737000 </Sole>
<Shared> 5000 </Shared>
<None> 162000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> INTEL CORP </nameOfIssuer>
<titleOfClass> SDCV 12/1 </titleOfClass>
<cusip> 458140AD2 </cusip>
<value> 5326 </value>
<shrsOrPrnAmt>
<sshPrnamt> 4418000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 4418000 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> INTEL CORP </nameOfIssuer>
<titleOfClass> SDCV 3.250% 8/0 </titleOfClass>
<cusip> 458140AF7 </cusip>
<value> 2910 </value>
<shrsOrPrnAmt>
<sshPrnamt> 1913000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 1743000 </Sole>
<Shared> 5000 </Shared>
<None> 165000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> INTEL CORP </nameOfIssuer>
<titleOfClass> SDCV 3.250% 8/0 </titleOfClass>
<cusip> 458140AF7 </cusip>
<value> 14496 </value>
<shrsOrPrnAmt>
<sshPrnamt> 9517000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 9517000 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> INVENSENSE INC </nameOfIssuer>
<titleOfClass> NOTE 1.750%11/0 </titleOfClass>
<cusip> 46123DAB2 </cusip>
<value> 6546 </value>
<shrsOrPrnAmt>
<sshPrnamt> 6762000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 118000 </Sole>
<Shared> 6644000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> INVESCO ADVANTAGE MUNICIPAL </nameOfIssuer>
<titleOfClass> SH BEN INT </titleOfClass>
<cusip> 46132E103 </cusip>
<value> 5780 </value>
<shrsOrPrnAmt>
<sshPrnamt> 526929 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 197735 </Sole>
<Shared> 329194 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> INVESCO MUN TR </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 46131J103 </cusip>
<value> 7436 </value>
<shrsOrPrnAmt>
<sshPrnamt> 618596 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 389697 </Sole>
<Shared> 228899 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> INVESCO QUALITY MUNI INC TRS </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 46133G107 </cusip>
<value> 3848 </value>
<shrsOrPrnAmt>
<sshPrnamt> 325522 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 234076 </Sole>
<Shared> 91446 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> JARDEN CORP </nameOfIssuer>
<titleOfClass> NOTE 1.125% 3/1 </titleOfClass>
<cusip> 471109AM0 </cusip>
<value> 17541 </value>
<shrsOrPrnAmt>
<sshPrnamt> 15000000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 1350000 </Sole>
<Shared> 13650000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> JARDEN CORP </nameOfIssuer>
<titleOfClass> NOTE 1.875% 9/1 </titleOfClass>
<cusip> 471109AH1 </cusip>
<value> 49066 </value>
<shrsOrPrnAmt>
<sshPrnamt> 29201000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 5859000 </Sole>
<Shared> 22852000 </Shared>
<None> 490000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> LAM RESEARCH CORP </nameOfIssuer>
<titleOfClass> NOTE 0.500% 5/1 </titleOfClass>
<cusip> 512807AJ7 </cusip>
<value> 16092 </value>
<shrsOrPrnAmt>
<sshPrnamt> 12088000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 12088000 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> LAM RESEARCH CORP </nameOfIssuer>
<titleOfClass> NOTE 1.250% 5/1 </titleOfClass>
<cusip> 512807AL2 </cusip>
<value> 22358 </value>
<shrsOrPrnAmt>
<sshPrnamt> 15724000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 4413000 </Sole>
<Shared> 10992000 </Shared>
<None> 319000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> LIBERTY MEDIA CORP </nameOfIssuer>
<titleOfClass> DEB 3.500% 1/1 </titleOfClass>
<cusip> 530715AN1 </cusip>
<value> 2309 </value>
<shrsOrPrnAmt>
<sshPrnamt> 4429000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 3712000 </Sole>
<Shared> 717000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> LIBERTY MEDIA CORP DELAWARE </nameOfIssuer>
<titleOfClass> NOTE 1.375%10/1 </titleOfClass>
<cusip> 531229AB8 </cusip>
<value> 14669 </value>
<shrsOrPrnAmt>
<sshPrnamt> 15389000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 5065000 </Sole>
<Shared> 9854000 </Shared>
<None> 470000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> LIVE NATION ENTERTAINMENT IN </nameOfIssuer>
<titleOfClass> DBCV 2.500% 5/1 </titleOfClass>
<cusip> 538034AJ8 </cusip>
<value> 27167 </value>
<shrsOrPrnAmt>
<sshPrnamt> 25111000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 6271000 </Sole>
<Shared> 18840000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> MACQUARIE INFRASTRUCTURE COR </nameOfIssuer>
<titleOfClass> NOTE 2.875% 7/1 </titleOfClass>
<cusip> 55608BAA3 </cusip>
<value> 50212 </value>
<shrsOrPrnAmt>
<sshPrnamt> 42463000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 15226000 </Sole>
<Shared> 26793000 </Shared>
<None> 444000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> MEDICINES CO </nameOfIssuer>
<titleOfClass> DBCV 1.375% 6/0 </titleOfClass>
<cusip> 584688AC9 </cusip>
<value> 8412 </value>
<shrsOrPrnAmt>
<sshPrnamt> 7039000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 7039000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> MEDIDATA SOLUTIONS INC </nameOfIssuer>
<titleOfClass> NOTE 1.000% 8/0 </titleOfClass>
<cusip> 58471AAB1 </cusip>
<value> 38226 </value>
<shrsOrPrnAmt>
<sshPrnamt> 32224000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 4601000 </Sole>
<Shared> 27623000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> MFS HIGH INCOME MUN TR </nameOfIssuer>
<titleOfClass> SH BEN INT </titleOfClass>
<cusip> 59318D104 </cusip>
<value> 922 </value>
<shrsOrPrnAmt>
<sshPrnamt> 200000 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 100000 </Sole>
<Shared> 100000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> MFS HIGH YIELD MUN TR </nameOfIssuer>
<titleOfClass> SH BEN INT </titleOfClass>
<cusip> 59318E102 </cusip>
<value> 357 </value>
<shrsOrPrnAmt>
<sshPrnamt> 86802 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 86802 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> MFS MUN INCOME TR </nameOfIssuer>
<titleOfClass> SH BEN INT </titleOfClass>
<cusip> 552738106 </cusip>
<value> 1187 </value>
<shrsOrPrnAmt>
<sshPrnamt> 184560 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 67817 </Sole>
<Shared> 116743 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> MICROCHIP TECHNOLOGY INC </nameOfIssuer>
<titleOfClass> SDCV 2.125%12/1 </titleOfClass>
<cusip> 595017AB0 </cusip>
<value> 3609 </value>
<shrsOrPrnAmt>
<sshPrnamt> 1891000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 1728000 </Sole>
<Shared> 5000 </Shared>
<None> 158000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> MICRON TECHNOLOGY INC </nameOfIssuer>
<titleOfClass> NOTE 3.000%11/1 </titleOfClass>
<cusip> 595112AY9 </cusip>
<value> 15730 </value>
<shrsOrPrnAmt>
<sshPrnamt> 17321000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 4717000 </Sole>
<Shared> 12604000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NEW GOLD INC CDA </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 644535106 </cusip>
<value> 1645 </value>
<shrsOrPrnAmt>
<sshPrnamt> 611671 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 115812 </Sole>
<Shared> 495859 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NEWMONT MINING CORP </nameOfIssuer>
<titleOfClass> NOTE 1.625% 7/1 </titleOfClass>
<cusip> 651639AJ5 </cusip>
<value> 4855 </value>
<shrsOrPrnAmt>
<sshPrnamt> 4792000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 4792000 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NEWPARK RES INC </nameOfIssuer>
<titleOfClass> NOTE 4.000%10/0 </titleOfClass>
<cusip> 651718AC2 </cusip>
<value> 11763 </value>
<shrsOrPrnAmt>
<sshPrnamt> 11187000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 4645000 </Sole>
<Shared> 6112000 </Shared>
<None> 430000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NEXTERA ENERGY INC </nameOfIssuer>
<titleOfClass> UNIT 09/01/2015 </titleOfClass>
<cusip> 65339F887 </cusip>
<value> 11120 </value>
<shrsOrPrnAmt>
<sshPrnamt> 179500 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 179500 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NOVELLUS SYS INC </nameOfIssuer>
<titleOfClass> NOTE 2.625% 5/1 </titleOfClass>
<cusip> 670008AD3 </cusip>
<value> 16405 </value>
<shrsOrPrnAmt>
<sshPrnamt> 6884000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 6884000 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NUANCE COMMUNICATIONS INC </nameOfIssuer>
<titleOfClass> NOTE 2.750%11/0 </titleOfClass>
<cusip> 67020YAF7 </cusip>
<value> 5131 </value>
<shrsOrPrnAmt>
<sshPrnamt> 5071000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 4631000 </Sole>
<Shared> 12000 </Shared>
<None> 428000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NUVEEN CAL AMT-FREE MUN INC </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 670651108 </cusip>
<value> 1002 </value>
<shrsOrPrnAmt>
<sshPrnamt> 70693 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 70693 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NUVEEN DIV ADVANTAGE MUN FD </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 67070F100 </cusip>
<value> 520 </value>
<shrsOrPrnAmt>
<sshPrnamt> 38744 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 38744 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NUVEEN DIVID ADV MUN FD 3 </nameOfIssuer>
<titleOfClass> COM SH BEN INT </titleOfClass>
<cusip> 67070X101 </cusip>
<value> 7806 </value>
<shrsOrPrnAmt>
<sshPrnamt> 584300 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 391532 </Sole>
<Shared> 192768 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NUVEEN MICH QUALITY INCOME M </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 670979103 </cusip>
<value> 3511 </value>
<shrsOrPrnAmt>
<sshPrnamt> 265011 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 151604 </Sole>
<Shared> 113407 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NUVEEN MUN ADVANTAGE FD INC </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 67062H106 </cusip>
<value> 5172 </value>
<shrsOrPrnAmt>
<sshPrnamt> 397849 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 299782 </Sole>
<Shared> 98067 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NUVEEN MUN MKT OPPORTUNITY F </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 67062W103 </cusip>
<value> 10681 </value>
<shrsOrPrnAmt>
<sshPrnamt> 828004 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 602595 </Sole>
<Shared> 225409 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NUVEEN NY AMT FREE MUN INCOM </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 670656107 </cusip>
<value> 6850 </value>
<shrsOrPrnAmt>
<sshPrnamt> 545845 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 290316 </Sole>
<Shared> 255529 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NUVEEN NY DIVID ADVNTG MUN F </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 67066X107 </cusip>
<value> 174 </value>
<shrsOrPrnAmt>
<sshPrnamt> 12886 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 9173 </Sole>
<Shared> 3713 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NUVEEN PA INVT QUALITY MUN F </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 670972108 </cusip>
<value> 7892 </value>
<shrsOrPrnAmt>
<sshPrnamt> 600119 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 398405 </Sole>
<Shared> 201714 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NUVEEN PERFORMANCE PLUS MUN </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 67062P108 </cusip>
<value> 1870 </value>
<shrsOrPrnAmt>
<sshPrnamt> 133284 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 133284 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NUVEEN QUALITY INCOME MUN FD </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 670977107 </cusip>
<value> 3338 </value>
<shrsOrPrnAmt>
<sshPrnamt> 250228 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 118321 </Sole>
<Shared> 131907 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> NVIDIA CORP </nameOfIssuer>
<titleOfClass> NOTE 1.000%12/0 </titleOfClass>
<cusip> 67066GAC8 </cusip>
<value> 16032 </value>
<shrsOrPrnAmt>
<sshPrnamt> 13933000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 359000 </Sole>
<Shared> 13574000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> OMNICARE INC </nameOfIssuer>
<titleOfClass> NOTE 3.500% 2/1 </titleOfClass>
<cusip> 681904AQ1 </cusip>
<value> 10828 </value>
<shrsOrPrnAmt>
<sshPrnamt> 7582000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 6915000 </Sole>
<Shared> 18000 </Shared>
<None> 649000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> ON SEMICONDUCTOR CORP </nameOfIssuer>
<titleOfClass> NOTE 2.625%12/1 </titleOfClass>
<cusip> 682189AH8 </cusip>
<value> 6876 </value>
<shrsOrPrnAmt>
<sshPrnamt> 5556000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 5072000 </Sole>
<Shared> 13000 </Shared>
<None> 471000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> PRICELINE GRP INC </nameOfIssuer>
<titleOfClass> DEBT 1.000% 3/1 </titleOfClass>
<cusip> 741503AQ9 </cusip>
<value> 33155 </value>
<shrsOrPrnAmt>
<sshPrnamt> 24820000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 3686000 </Sole>
<Shared> 20965000 </Shared>
<None> 169000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> PRICELINE GRP INC </nameOfIssuer>
<titleOfClass> NOTE 0.350% 6/1 </titleOfClass>
<cusip> 741503AS5 </cusip>
<value> 23379 </value>
<shrsOrPrnAmt>
<sshPrnamt> 20991000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 8316000 </Sole>
<Shared> 12675000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> PROOFPOINT INC </nameOfIssuer>
<titleOfClass> NOTE 1.250%12/1 </titleOfClass>
<cusip> 743424AB9 </cusip>
<value> 15098 </value>
<shrsOrPrnAmt>
<sshPrnamt> 8904000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 1441000 </Sole>
<Shared> 7463000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> RADIAN GROUP INC </nameOfIssuer>
<titleOfClass> NOTE 2.250% 3/0 </titleOfClass>
<cusip> 750236AN1 </cusip>
<value> 13052 </value>
<shrsOrPrnAmt>
<sshPrnamt> 7335000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 7335000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> RAMBUS INC DEL </nameOfIssuer>
<titleOfClass> NOTE 1.125% 8/1 </titleOfClass>
<cusip> 750917AE6 </cusip>
<value> 9677 </value>
<shrsOrPrnAmt>
<sshPrnamt> 7266000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 1898000 </Sole>
<Shared> 5368000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> RPM INTL INC </nameOfIssuer>
<titleOfClass> NOTE 2.250%12/1 </titleOfClass>
<cusip> 749685AT0 </cusip>
<value> 14297 </value>
<shrsOrPrnAmt>
<sshPrnamt> 12233000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 12233000 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> RPM INTL INC </nameOfIssuer>
<titleOfClass> NOTE 2.250%12/1 </titleOfClass>
<cusip> 749685AT0 </cusip>
<value> 2425 </value>
<shrsOrPrnAmt>
<sshPrnamt> 2084000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 1894000 </Sole>
<Shared> 5000 </Shared>
<None> 185000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> SALESFORCE COM INC </nameOfIssuer>
<titleOfClass> NOTE 0.250% 4/0 </titleOfClass>
<cusip> 79466LAD6 </cusip>
<value> 28290 </value>
<shrsOrPrnAmt>
<sshPrnamt> 23235000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 9449000 </Sole>
<Shared> 13360000 </Shared>
<None> 426000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> SANDISK CORP </nameOfIssuer>
<titleOfClass> NOTE 0.500%10/1 </titleOfClass>
<cusip> 80004CAF8 </cusip>
<value> 24952 </value>
<shrsOrPrnAmt>
<sshPrnamt> 25636000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 5749000 </Sole>
<Shared> 19427000 </Shared>
<None> 460000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> SEACOR HOLDINGS INC </nameOfIssuer>
<titleOfClass> NOTE 2.500%12/1 </titleOfClass>
<cusip> 811904AM3 </cusip>
<value> 4432 </value>
<shrsOrPrnAmt>
<sshPrnamt> 4308000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 50000 </Sole>
<Shared> 4258000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> SOLARCITY CORP </nameOfIssuer>
<titleOfClass> NOTE 2.750%11/0 </titleOfClass>
<cusip> 83416TAA8 </cusip>
<value> 4655 </value>
<shrsOrPrnAmt>
<sshPrnamt> 4305000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 3926000 </Sole>
<Shared> 10000 </Shared>
<None> 369000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> SOUTHWESTERN ENERGY CO </nameOfIssuer>
<titleOfClass> DEP SHS 1/20 B </titleOfClass>
<cusip> 845467208 </cusip>
<value> 21408 </value>
<shrsOrPrnAmt>
<sshPrnamt> 433619 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 109884 </Sole>
<Shared> 314389 </Shared>
<None> 9346 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> SPDR GOLD TRUST </nameOfIssuer>
<titleOfClass> GOLD SHS </titleOfClass>
<cusip> 78463V107 </cusip>
<value> 19035 </value>
<shrsOrPrnAmt>
<sshPrnamt> 169400 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 0 </Sole>
<Shared> 169400 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> STANLEY BLACK & DECKER INC </nameOfIssuer>
<titleOfClass> UNIT 11/17/20166 </titleOfClass>
<cusip> 854502804 </cusip>
<value> 20534 </value>
<shrsOrPrnAmt>
<sshPrnamt> 170000 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 44000 </Sole>
<Shared> 126000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> STANLEY BLACK & DECKER INC </nameOfIssuer>
<titleOfClass> UNIT 99/99/9999 </titleOfClass>
<cusip> 854502309 </cusip>
<value> 47300 </value>
<shrsOrPrnAmt>
<sshPrnamt> 327515 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 154173 </Sole>
<Shared> 168581 </Shared>
<None> 4761 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> STONE ENERGY CORP </nameOfIssuer>
<titleOfClass> NOTE 1.750% 3/0 </titleOfClass>
<cusip> 861642AN6 </cusip>
<value> 15558 </value>
<shrsOrPrnAmt>
<sshPrnamt> 16956000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 4749000 </Sole>
<Shared> 12029000 </Shared>
<None> 178000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> T MOBILE US INC </nameOfIssuer>
<titleOfClass> CONV PFD SER A </titleOfClass>
<cusip> 872590203 </cusip>
<value> 13338 </value>
<shrsOrPrnAmt>
<sshPrnamt> 197600 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 52300 </Sole>
<Shared> 145300 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> TELEFLEX INC </nameOfIssuer>
<titleOfClass> NOTE 3.875% 8/0 </titleOfClass>
<cusip> 879369AA4 </cusip>
<value> 57746 </value>
<shrsOrPrnAmt>
<sshPrnamt> 26134000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 10533000 </Sole>
<Shared> 15148000 </Shared>
<None> 453000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> TEVA PHARMACEUTICAL FIN LLC </nameOfIssuer>
<titleOfClass> DBCV 0.250% 2/0 </titleOfClass>
<cusip> 88163VAE9 </cusip>
<value> 56142 </value>
<shrsOrPrnAmt>
<sshPrnamt> 40043000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 16268000 </Sole>
<Shared> 23454000 </Shared>
<None> 321000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> TYSON FOODS INC </nameOfIssuer>
<titleOfClass> UNIT 99/99/9999 </titleOfClass>
<cusip> 902494301 </cusip>
<value> 21611 </value>
<shrsOrPrnAmt>
<sshPrnamt> 419561 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 188337 </Sole>
<Shared> 221680 </Shared>
<None> 9544 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> UNITED STATES STL CORP NEW </nameOfIssuer>
<titleOfClass> NOTE 2.750% 4/0 </titleOfClass>
<cusip> 912909AH1 </cusip>
<value> 16050 </value>
<shrsOrPrnAmt>
<sshPrnamt> 14509000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 2209000 </Sole>
<Shared> 12132000 </Shared>
<None> 168000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> UNITED TECHNOLOGIES CORP </nameOfIssuer>
<titleOfClass> UNIT 06/01/2015 </titleOfClass>
<cusip> 913017117 </cusip>
<value> 35953 </value>
<shrsOrPrnAmt>
<sshPrnamt> 627463 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 253387 </Sole>
<Shared> 367342 </Shared>
<None> 6734 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> VERINT SYS INC </nameOfIssuer>
<titleOfClass> COM </titleOfClass>
<cusip> 92343X100 </cusip>
<value> 3 </value>
<shrsOrPrnAmt>
<sshPrnamt> 53 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 53 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> VERINT SYS INC </nameOfIssuer>
<titleOfClass> NOTE 1.500% 6/0 </titleOfClass>
<cusip> 92343XAA8 </cusip>
<value> 40991 </value>
<shrsOrPrnAmt>
<sshPrnamt> 36099000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 10460000 </Sole>
<Shared> 25192000 </Shared>
<None> 447000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> WABASH NATL CORP </nameOfIssuer>
<titleOfClass> NOTE 3.375% 5/0 </titleOfClass>
<cusip> 929566AH0 </cusip>
<value> 29332 </value>
<shrsOrPrnAmt>
<sshPrnamt> 23271000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 8213000 </Sole>
<Shared> 14744000 </Shared>
<None> 314000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> WELLPOINT INC </nameOfIssuer>
<titleOfClass> NOTE 2.750%10/1 </titleOfClass>
<cusip> 94973VBG1 </cusip>
<value> 41588 </value>
<shrsOrPrnAmt>
<sshPrnamt> 18909000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 6737000 </Sole>
<Shared> 12172000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> WELLS FARGO & CO NEW </nameOfIssuer>
<titleOfClass> PERP PFD CNV A </titleOfClass>
<cusip> 949746804 </cusip>
<value> 4541 </value>
<shrsOrPrnAmt>
<sshPrnamt> 3865 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 3578 </Sole>
<Shared> 10 </Shared>
<None> 277 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> WELLS FARGO & CO NEW </nameOfIssuer>
<titleOfClass> PERP PFD CNV A </titleOfClass>
<cusip> 949746804 </cusip>
<value> 9174 </value>
<shrsOrPrnAmt>
<sshPrnamt> 7808 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 7408 </Sole>
<Shared> 400 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> WESCO INTL INC </nameOfIssuer>
<titleOfClass> DBCV 6.000% 9/1 </titleOfClass>
<cusip> 95082PAH8 </cusip>
<value> 26094 </value>
<shrsOrPrnAmt>
<sshPrnamt> 10759000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 4107000 </Sole>
<Shared> 6498000 </Shared>
<None> 154000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> WEYERHAEUSER CO </nameOfIssuer>
<titleOfClass> PREF CONV SER A </titleOfClass>
<cusip> 962166872 </cusip>
<value> 2272 </value>
<shrsOrPrnAmt>
<sshPrnamt> 43700 </sshPrnamt>
<sshPrnamtType> SH </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> SOLE </investmentDiscretion>
<votingAuthority>
<Sole> 43700 </Sole>
<Shared> 0 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> XILINX INC </nameOfIssuer>
<titleOfClass> NOTE 2.625% 6/1 </titleOfClass>
<cusip> 983919AF8 </cusip>
<value> 39345 </value>
<shrsOrPrnAmt>
<sshPrnamt> 25385000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 15234000 </Sole>
<Shared> 9860000 </Shared>
<None> 291000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> XPO LOGISTICS INC </nameOfIssuer>
<titleOfClass> NOTE 4.500%10/0 </titleOfClass>
<cusip> 983793AA8 </cusip>
<value> 36849 </value>
<shrsOrPrnAmt>
<sshPrnamt> 13216000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 4099000 </Sole>
<Shared> 8851000 </Shared>
<None> 266000 </None>
</votingAuthority>
</infoTable>
<infoTable>
<nameOfIssuer> YAHOO INC </nameOfIssuer>
<titleOfClass> NOTE 12/0 </titleOfClass>
<cusip> 984332AF3 </cusip>
<value> 5437 </value>
<shrsOrPrnAmt>
<sshPrnamt> 5275000 </sshPrnamt>
<sshPrnamtType> PRN </sshPrnamtType>
</shrsOrPrnAmt>
<investmentDiscretion> OTR </investmentDiscretion>
<otherManager> 1 </otherManager>
<votingAuthority>
<Sole> 5000000 </Sole>
<Shared> 275000 </Shared>
<None> 0 </None>
</votingAuthority>
</infoTable>
</informationTable>


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