Convertibles Calendar

MARCH 15 WEEK:

XL CAPITAL LTD.: (Symbol: XL): $750 million three-year noncallable mandatory convertible, with $75 million greenshoe; price talk of 6.75-7.25% dividend, 20-24% initial conversion premium; Bermuda-based property and casualty insurer to use proceed for general corporate purposes; via joint lead managers Citigroup Global Markets, Deutsche Bank Securities, Goldman Sachs and J.P. Morgan; scheduled to price after the close Wednesday.

ON THE HORIZON

ADVANCED SEMICONDUCTOR ENGINEERING INC.: (Symbol: ASX): $135 million of five-year convertible notes, with a $15 million greenshoe; via lead manager Goldman Sachs International; the Taiwanese semiconductor testing firm also plans to sell 60 million American Depositary Shares, which will each represent five ordinary shares with a par value of NT$10 each; timing will be as soon as the registration statement at the Securities and Exchange Commission becomes effective.

http://www.sec.gov/Archives/edgar/data/1122411/000119312503094347/df3.htm

CONSECO INC. (Symbol: CNO): $350 million of mandatory convertibles and $800 million of common stock; proceeds to take out its $859.7 million of 10.5% step-up payable-in-kind convertible preferreds, repay debt under its senior credit facility, which matures in 2009 and currently has a weighted average interest rate of 7.8%, contribute capital to insurance subsidiaries and general corporate purposes; joint bookrunners of the mandatory offering are Goldman Sachs & Co. and Morgan Stanley with JPMorgan in the syndicate; joint bookrunners of the stock offering are Goldman Sachs & Co. and Morgan Stanley with Banc of America Securities in the syndicate.

http://www.sec.gov/Archives/edgar/data/1224608/000095013704000416/c82126sv1.txt

GENWORTH FINANCIAL INC. (Symbol: GNW proposed): $600 million mandatory convertible, or equity units, with $25 par; part of General Electric Co.'s spin-off of its insurance unit Genworth Financial Inc., which would divest 30% of GE's ownership with the remaining to be sold later; GE plans to use proceeds to invest in growth initiatives and reduce parent-supported debt at GE Capital Corp.; joint lead managers are Morgan Stanley and Goldman Sachs & Co.; offerings to be completed by the end of June.

RECENT SHELF FILINGS WITH THE SEC:

ATLAS PIPELINE PARTNERS, LP (Symbol: APL): $250 million shelf filed March 11 for common units, subordinated units, debt securities and warrants; debt may be issued as convertibles; Moon Township, Pa. natural gas pipeline operator will use proceeds for general partnership purposes.

http://www.sec.gov/Archives/edgar/data/1092914/000095011604000797/s-3.txt

CENTERPOINT PROPERTIES TRUST (Symbol: CNT): $700 million shelf filed March 12 for debt securities, common shares, preferred shares and warrants; securities may be issued as convertibles; includes $200 million previously registered but unsold; Oak Brook, Ill. warehouse and industrial real estate investment trust will use proceeds for general business purposes.

http://www.sec.gov/Archives/edgar/data/912893/000104746904007739/a2130333zs-3.htm

CSX CORP. (Symbol: CSX): $1.2 billion shelf filed March 16 for debt securities, trust preferred securities, common stock, preferred stock, depositary shares and securities warrants; securities may be issued as convertibles; includes some previously registered but unsold securities; Jacksonville, Fla. railroad will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/277948/000095014404002595/g87789sv3.htm

ENTERTAINMENT PROPERTIES TRUST (Symbol: EPR): $400 million shelf filed March 15 for common shares, preferred shares, warrants and debt securities; securities may be issued as convertibles; Kansas City, Mo. movie theater real estate investment trust will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1045450/000095013704001891/c82879sv3.txt

FRIEDMAN, BILLINGS, RAMSEY GROUP, INC. (Symbol: FBR): $1.5 billion shelf filed March 16 for debt securities, preferred stock and class A common stock; securities may be issued as convertibles; includes some previously registered but unsold securities; includes $300.65 million previously registered but unsold securities; Arlington, Va. investment bank, brokerage and asset management company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1209028/000119312504043376/ds3.htm

GIANT INDUSTRIES, INC. (Symbol: GI): $300 million shelf filed March 15 for debt securities, preferred stock, common stock, debt and equity warrants, stock purchase contracts, stock purchase units and units; securities may be issued as convertibles; Scottsdale, Ariz. refiner and service station operator will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/856465/000095015304000617/p68915sv3.htm

HOUSTON EXPLORATION CO. (Symbol: THX): $600 million shelf filed March 16 for common stock, preferred stock, depositary shares and debt securities; securities may be issued as convertibles; includes $169.75 million previously registered but unsold; Houston oil and gas exploration and production company will use proceeds for repayment of debt and general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1015293/000095012904001354/h13608sv3.htm

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