Convertibles Calendar

MAY 24 WEEK

GENWORTH FINANCIAL INC. (Symbol: GNW proposed): $600 million three-year noncallable mandatory convertible; $25 par; price talk of 5.75% to 6.25% dividend and 18% to 22% initial conversion premium; Genworth is also selling $100 million of Series A preferred shares; 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.; via joint lead managers Morgan Stanley and Goldman Sachs & Co.; pricing is slated for May 24.

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.

RECENT SHELF FILINGS WITH THE SEC:

CANARGO ENERGY CORP. (Symbol: CNR): $75 million shelf filed May 19 for common stock, debt securities, preferred stock, warrants, units and stock purchase contracts; securities may be issued as convertibles; St. Peter Port, Guernsey oil and gas exploration and production company will use proceeds for general corporate purposes.

EDGE PETROLEUM CORP. (Symbol: EPEX): $150 million shelf filed May 20 for debt securities, common stock, preferred stock and warrants; securities may be issued as convertibles; Houston oil and gas exploration and production company will use proceeds for general corporate purposes.

ELECTRONIC DATA SYSTEMS CORP. (Symbol: EDS): $2.5 billion shelf filed May 18 for debt securities, common stock, preferred stock, depositary shares, warrants, stock purchase contracts and stock purchase units; securities may be issued as convertibles; includes $29.97 million previously registered but unsold; Plano, Tex. provider of information technology and business process outsourcing services will use proceeds for general corporate purposes.

GUILFORD PHARMACEUTICALS INC. (Symbol: GLFD): $100 million shelf filed May 20 for debt securities, common stock and preferred stock; securities may be issued as convertibles; Baltimore pharmaceutical company will use proceeds for general corporate purposes.

LUBRIZOL CORP. (Symbol: LZ): $2 billion shelf filed May 20 for debt securities and common shares; debt may be issued as convertibles; Wickliffe, Ohio fluid technology company will use proceeds to repay debt, including debt that incurred or assumed in connection with the acquisition of Noveon.

MARTEK BIOSCIENCES CORP. (Symbol: MATK): $200 million shelf filed May 21 for debt securities, common stock, preferred stock and warrants; securities may be issued as convertibles; Columbia, Md. developer of microalgae products will use proceeds for general corporate purposes.

PUBLIC STORAGE, INC. (Symbol: PSA): $600 million shelf filed May 20 for debt securities, common stock, preferred stock, depositary shares, equity stock and warrants; securities may be issued as convertibles; Glendale, Calif. self-storage real estate investment trust will use proceeds for investments in storage facilities and general corporate purposes.

UNITED DOMINION REALTY TRUST, INC. (Symbol: UDR): $1.5 billion shelf filed May 20 for debt securities, common stock and preferred stock; securities may be issued as convertibles; includes $333.1 million previously registered but unsold; Highlands Ranch, Colo. apartment real estate investment trust will use proceeds for general corporate purposes.

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