![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bank of America Corp. Spx Capped Leveraged Index Return Notes | AMEX:CVF | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Expires: April 30, 2007
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-2213
Mr. Hal Liebes
Fred Alger Management, Inc.
111 Fifth Avenue
New York, New York 10003
Registrant's telephone number, including area code: 212-806-8800
Date of fiscal year end: October 31
Date of reporting period: July 31, 2007
ITEM 1. Schedule of Investments.
CASTLE CONVERTIBLE FUND, INC.
SCHEDULE OF INVESTMENTS (Unaudited)
July 31, 2007
Principal Amount Corporate Convertible Bonds -- 59.6% Value ------------------------------------------------------------------------------- AUTOMOTIVE-1.9% $ 1,000,000 Ford Motor Company, 4.25%, 12/15/36 ............ $ 1,162,500 ----------- BEVERAGES-.8% 500,000 Molson Coors Brewing Co., 2.50%, 7/30/13 ....... 513,750 ----------- BIOTECHNOLOGY-2.7% 500,000 CV Therapeutics, Inc., 2.75%, 5/16/12 .......... 430,625 250,000 Dendreon Corporation, 4.75%, 6/15/14 ........... 236,875 475,000 Mankind Corporation, 3.75%, 12/15/13 ........... 422,156 500,000 Protein Design Labs, 2.00%, 2/15/12(a) ......... 576,250 ----------- 1,665,906 ----------- BUSINESS SERVICES-2.2% 1,000,000 Quanta Services Inc., 3.75%, 4/30/26(a) ........ 1,408,750 ----------- COMMERCIAL BANKS-2.4% 1,000,000 Boston Private Financial, 3.00%, 7/15/27(a) .... 990,000 500,000 U.S. Bancorp., Series B, 3.61%, 2/6/37(a) ...... 497,800 ----------- 1,487,800 ----------- COMMERCIAL SERVICES & SUPPLIES-.8% 500,000 Allied Waste Industries Inc., Senior Cv. Sub Note, 4.25%, 4/15/34 ...................... 478,125 ----------- COMPUTER SOFTWARE-.8% 500,000 Tektronix, 1.625%, 7/15/12(a) .................. 493,750 ----------- CONSUMER PRODUCTS-1.1% 500,000 Ceradyne, Inc., 2.875%, 12/15/35 ............... 708,750 ----------- DIVERSIFIED TELECOMMUNICATION SERVICES-.9% 500,000 Level 3 Communications Inc., 3.50%, 6/15/12 .... 581,250 ----------- ELECTRONIC EQUIPMENT & INSTRUMENTS-3.1% 500,000 Anixter International Inc., 1.00%, 2/15/13(a) .. 697,500 1,000,000 Avnet Inc., 2.00%, 3/15/34 ..................... 1,231,250 ----------- 1,928,750 ----------- ENERGY-4.4% 1,000,000 Helix Energy Solutions, 3.25% 12/15/25 ......... 1,408,750 1,000,000 SunPower Corporation CI. A, 1.25%, 2/15/27 ..... 1,363,750 ----------- 2,772,500 ----------- Principal Amount Corporate Convertible Bonds -- (Continued) Value ------------------------------------------------------------------------------- ENERGY EQUIPMENT & SERVICES-1.6% $ 1,000,000 Global Industries Ltd., 2.75%, 8/1/27(a) ....... $ 970,000 ----------- FINANCIAL SERVICES-4.9% 1,000,000 Dollar Financial Corporation, 2.875%, 6/30/27(a) 902,500 1,000,000 KKR FINANCIAL HOLDINGS, 7.00%, 7/15/12(a) ...... 933,750 1,500,000 Luminent Mortgage, 8.125%, 6/1/27(a) ........... 1,269,375 ----------- 3,105,625 ----------- HEALTH CARE-.8% 500,000 Apria Healthcare Group Inc., Cv. Senior Notes, 3.375%, 9/1/33 .......................... 510,625 ----------- HEALTH CARE EQUIPMENT & SUPPLIES-.2% 150,000 Integra LifeSciences Holdings, 2.75%, 6/1/10(a) 148,125 ----------- HEALTH CARE PROVIDERS & SERVICES-1.6% 250,000 Manor Care, Inc., 2.125%, 8/1/35 ............... 368,125 500,000 Manor Care, Inc., 2.00%, 6/1/36(a) ............. 650,000 ----------- 1,018,125 ----------- INSURANCE-1.6% 1,000,000 Covanta Holding Corporation, 1.00%, 2/1/27 ..... 976,250 ----------- LEISURE & ENTERTAINMENT-1.3% 500,000 General Cable Corp., 0.875%, 11/15/13 .......... 839,375 ----------- MANUFACTURING-1.7% 1,000,000 Millipore Corporation, 3.75%, 6/1/26(a) ........ 1,095,000 ----------- MEDIA-3.6% 1,130,463 Liberty Media Corporation, Senior Exch. Deb., 3.50%, 1/15/31 ................................ 1,078,179 725,000 Regal Entertainment Group, Cv. Note, 3.75%, 5/15/08 ................................ 1,195,344 ----------- 2,273,523 ----------- MEDICAL DEVICES-.7% 500,000 Advanced Medical Optics, 3.25%, 8/1/26 ......... 411,875 ----------- METALS & MINING-1.7% 500,000 Newmont Mining Corporation, 1.25%, 7/15/14(a) .. 535,000 500,000 Newmont Mining Corporation, 1.625%, 7/15/17(a) . 536,875 ----------- 1,071,875 ----------- |
Principal Amount Corporate Convertible Bonds -- (Continued) Value ------------------------------------------------------------------------------- PHARMACEUTICALS-3.3% $ 1,000,000 Bristol-Myers Squibb, 4.86%, 9/15/23 ........... $ 1,017,500 1,000,000 Wyeth, 4.886%, 1/15/24 ......................... 1,066,800 ----------- 2,084,300 ----------- REAL ESTATE-2.9% 500,000 Boston Properties LP., 2.875%, 2/15/37 ......... 461,250 500,000 Lexington Master LP, 5.45%, 1/15/27(a) ......... 481,250 1,000,000 Macerich Co., 3.25%, 3/15/12 ................... 897,500 ----------- 1,840,000 ----------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT-4.4% 500,000 Advanced Micro Devices, Inc., 6.00%, 5/1/15(a) . 452,500 1,000,000 Intel Corporation, 2.95%, 12/15/35 ............. 976,250 1,000,000 ON Semiconductor Corporation, 2.625%, 12/15/26(a) ........................... 1,312,500 ----------- 2,741,250 ----------- SOFTWARE-3.7% 1,000,000 Epicor Software Corporaiton, 2.375%, 5/15/27(a) 935,000 1,500,000 L-1 Identity Solutions Inc., 3.75%, 5/15/27(a) . 1,374,375 ----------- 2,309,375 ----------- TEXTILES & APPAREL-2.9% 1,900,000 Iconix Brand Group, Inc., 1.875%, 6/30/12(a) ... 1,847,750 ----------- WIRELESS TELECOMMUNICATION SERVICES-1.6% 1,000,000 NII Holdings Inc., 3.125%, 6/15/12(a) .......... 1,007,500 ----------- Total Corporate Convertible Bonds (Cost $35,172,757) ............................ 37,452,404 ----------- Corporate Bonds-7.7% AEROSPACE & DEFENSE-1.8% 1,000,000 L-3 Communications Holdings, 3.00%, 8/1/35 ..... 1,122,500 ----------- COMMUNICATION TECHNOLOGY-2.3% 1,100,000 Dobson Communications Corporation, 1.50%, 10/1/25(a) ............................. 1,431,375 ----------- ENERGY EQUIPMENT & SERVICES-2.1% 1,000,000 Cameron International Corp., 2.50%, 6/15/26 .... 1,300,000 ----------- REAL ESTATE-1.5% 1,000,000 Developers Diversified Realty Corporation, 3.50%, 8/15/20(a) ............................. 956,250 ----------- Total Corporate Bonds (Cost $4,203,045) ............................. 4,810,125 ----------- Shares Preferred Stocks -- 1.9% Value ------------------------------------------------------------------------------- ELECTRONIC EQUIPMENT & INSTRUMENTS-.4% 10,000 PPL Capital Funding Inc. ....................... $ 243,200 ----------- FINANCE-.8% 20,000 Santander Finance, Pfd. 6.80%, Series(a) ....... 507,500 ----------- SAVINGS & LOANS-.7% 20,000 Indymac Bank FSB, Pfd.(a) ...................... 431,250 ----------- Total Preferred Stocks (Cost $1,250,000) ............................. 1,181,950 ----------- Convertible Preferred Securities-16.8% CAPITAL MARKETS-.4% 5,000 Merrill Lynch & Co., Inc., 6.75%, 10/15/07 ..... 256,640 ----------- DIVERSIFIED FINANCIAL SERVICES-3.6% 40,000 Citigroup Funding, Inc., Variable Rate ......... 1,185,200 40,000 Lehman Brothers Holdings Inc., Conv. Pfd., 6.25% 1,050,000 ----------- 2,235,200 ----------- ELECTRIC UTILITIES-.5% 5,000 Entergy Corporation, 7.625%, 2/17/09 ........... 308,125 ----------- HOUSEHOLD DURABLES-.8% 500 Stanley Works (The), 5/17/12, Variable Rate .... 526,562 ----------- INSURANCE-3.2% 2,000 Alleghany Corporation, 5.75%, 6/15/09 .......... 772,750 40,000 MetLife Inc., 6.375% ........................... 1,205,000 ----------- 1,977,750 ----------- MEDIA-.8% 20,000 Comcast Corporation, 7.00%, 9/15/55 ............ 494,800 ----------- METALS & MINING-2.2% 10,000 Freeport-McMoRan Copper & Gold, 6.75% .......... 1,411,250 ----------- OIL & GAS-1.7% 10,000 Chesapeake Energy Corporation, 5.00% ........... 1,091,250 ----------- REAL ESTATE-.7% 20,000 HRPT Properties Trust, 6.50%, Series D ......... 455,000 ----------- RETAIL-1.9% 20,000 Retail Ventures, Inc., 6.625%, 9/15/11 ......... 1,202,500 ----------- THRIFTS & MORTGAGE FINANCE-1.0% 11,700 Washington Mutual, Inc., Capital Trust 2001, Red. Eq. Sec., 5.375%, 5/3/41 ................. 624,546 ----------- Total Convertible Preferred Securities (Cost $9,531,169) ............................. 10,583,623 ----------- |
Shares Mandatory Convertible Securities -- 1.8% Value ------------------------------------------------------------------------------- INSURANCE-.8% 20,000 IPC Holdings, Ltd., 7.25% 11/15/08(b) .......... $ 482,500 ----------- PHARMACEUTICALS-1.0% 10,000 Schering-Plough Corporation Peps, 6.00%, 9/14/07(b) .................................... 647,500 ----------- Total Mandatory Convertible Securities (Cost $1,025,000) ............................. 1,130,000 ----------- Common Stocks-13.1% CAPITAL MARKETS-.7% 10,000 J.P. Morgan Chase & Co. ........................ 440,100 ----------- COMMERCIAL BANKS-1.1% 15,000 Bank of America Corporation .................... 711,300 ----------- DIVERSIFIED FINANCIAL SERVICES-1.3% 17,500 Citigroup Inc. ................................. 814,975 ----------- DIVERSIFIED TELECOMMUNICATION SERVICES-1.2% 143,637 Level 3 Communications, Inc.(a)* ............... 751,222 ----------- ELECTRIC UTILITIES-3.8% 14,000 Entergy Corporation ............................ 1,399,400 15,000 TXU Corp. ...................................... 978,750 ----------- 2,378,190 ----------- Shares Common Stocks -- (Continued) Value ------------------------------------------------------------------------------- OIL & GAS-3.1% 10,000 ConocoPhillips ................................. $ 808,400 15,000 Royal Dutch Shell, PLC* ........................ 1,163,850 ----------- 1,972,250 ----------- PHARMACEUTICALS-1.1% 13,000 GlaxoSmithKline PLC Sponsored ADR# ............. 664,040 ----------- RETAIL-.8% 15,000 Inergy, L.P. ................................... 531,150 ----------- Total Common Stocks (Cost $5,100,702) ............................. 8,263,227 ----------- Total Investments (Cost $56,282,673)(c) ............................. 100.9% 63,421,329 Liabilities in Excess of Other Assets .............. (0.9) (548,496) ----------------------- Net Assets ......................................... 100.0% $62,872,833 ======================= Net Asset Value Per Share .................................... $28.12 Shares of Beneficial Interest Outstanding .................... 2,236,000 ----------------- |
* Non-income producing securities.
# American Depositary Receipts.
(a) Pursuant to Securities and Exchange Commission Rule 144A, these
securities may be sold prior to their maturity only to qualified buyers.
These securities are deemed to be liquid and represent 36.9% of net
assets of the Fund.
(b) These securities are required to be converted on the date listed; they
generally may be converted prior to this date at the option of the
holder.
(c) At July 31, 2007, the net unrealized appreciation on investments, based
on cost for federal income tax purposes of $56,282,673, amounted to
$7,138,657 which consisted of aggregate gross unrealized appreciation of
$8,551,406 and aggregate gross unrealized depreciation of $1,412,749.
ITEM 2. Controls and Procedures.
(a) Based on their evaluation of Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) as of a date within 90 days of the filing of this document, Registrant's principal executive officer and principal financial officer found Registrant's disclosure controls and procedures to provide reasonable assurances that information required to be disclosed by Registrant in the reports it files under the Securities Exchange Act of 1934 (a) is accumulated and communicated to Registrant's management, including its principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission.
(b) No changes in the registrant's internal control over financial reporting occurred during the registrant's last fiscal quarter that materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 3. Exhibits.
Certifications of principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940 are attached as Exhibit 99.CERT
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Castle Convertible Fund, Inc.
By /s/ Daniel C. Chung Daniel C. Chung President Date: September 27, 2007 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By /s/ Daniel C. Chung Daniel C. Chung President Date: September 27, 2007 By /s/ Michael D. Martins Michael D. Martins Treasurer Date: September 27, 2007 |
1 Year Bank of America Corp. Spx Capped Leveraged Index Return Notes Chart |
1 Month Bank of America Corp. Spx Capped Leveraged Index Return Notes Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions