Convertibles Calendar

JUNE 7 WEEK

GREAT PLAINS ENERGY INC. (Symbol: GXP): Off shelf; $150 million, 2.6-year mandatory convertible in Feline Prides structure, with $22.5 million greenshoe; non-callable; price talk for a 7.75% to 8.25% dividend, 16% to 20% initial conversion premium; dividend protection; Kansas City, Mo.-based utility holding company also to sell 4.4. million common shares for overall proceeds of $275 million; portion of the proceeds goes to subsidiary to retire $150 million of existing trust preferred securities, then another $75 million may go to Kansas City Power & Light to reduce debt, or be used to reduce short-term debt; via bookrunner Merrill Lynch & Co.; Morgan Stanley & Co. Inc. is joint lead manager; set to price after the close Tuesday.

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:

CAPITAL AUTOMOTIVE REIT (Symbol: CARS): $600 million shelf filed June 4 for common shares, preferred shares, depositary shares, warrants and debt securities; securities may be issued as convertibles; includes $65.7 million previously registered but unsold; Washington, D.C. automotive-related real estate investment trust will use proceeds for general corporate purposes.

ENCYSIVE PHARMACEUTICALS INC. (Symbol: ENCY): $150 million shelf filed June 1 for debt securities, common stock, preferred stock, depositary shares, warrants, purchase contracts and units; securities may be issued as convertibles; Bellaire, Tex. biopharmaceutical company will use proceeds for research and development and general corporate purposes.

FPL GROUP, INC. (Symbol: FPL): $1.4 billion shelf filed June 4 for common stock, preferred stock, stock purchase contracts, stock purchase units and trust preferreds; Juno Beach, Fla. electric utility will use proceeds for general corporate purposes.

KOGER EQUITY, INC. (Symbol: KE): $500 million shelf filed June 1 for common stock, preferred stock and debt securities; securities may be issued as convertibles; includes $28.6 million previously registered but unsold; Boca Raton, Fla. office real estate investment trust will use proceeds for general corporate purposes.

MARSHALL & ILLSLEY CORP. (Symbol: MI): $3 billion shelf filed June 3 for debt securities, common stock, preferred stock, depositary shares, purchase contracts, units, warrants and trust preferreds; securities may be issued as convertibles; Milwaukee bank holding company will use proceeds for general corporate purposes.

OTTER TAIL CORP. (Symbol: OTTR): $335 million shelf filed June 4 for common shares, cumulative preferred shares, depositary shares, debt securities, securities warrants and units; securities may be issued as convertibles; includes $135 million previously registered but unsold; Fergus Falls, Minn. diversified company will use proceeds for general corporate purposes.

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