Convertibles Calendar

ON THE HORIZON

GENERAL GROWTH PROPERTIES INC.: $2.15 billion six-month mandatorily exchangeable senior notes; via subsidiary New GGP, Inc.; new GGP will eventually become the parent company after General Growth Properties emerges from bankruptcy reorganization; due Jan. 31, 2011; coupon will be 0.5% for the first three months and then step up to 1%; notes will be mandatorily exchanged upon the completion of General Growth Properties' restructuring and a $2.5 billion common stock investment by Brookfield Asset Management, Inc.; callable at any time, non-putable; proceeds to reduce the equity investment by restructuring plan sponsors Fairholme Fund and Pershing Square Capital Management and by Teacher Retirement System of Texas; General Growth is a Chicago-based real estate investment trust that focuses on shopping malls. The company filed for Chapter 11 bankruptcy protection in April 2009.

GENERAL MOTORS CO.: (NYSE: GM): plans series B mandatory convertible junior preferred stock as part of its proposed initial public offering of common stock to be sold by certain stockholders; registered; details pending: Morgan Stanley and JPMorgan, Bank of America Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co., Barclays Capital Inc., Credit Suisse, Deutsche Bank Securities Inc., RBC Capital Markets Corp. and UBS Investment Bank will be joint bookrunners for the offering; Detroit-based automaker.

INTERNATIONAL CONVERTIBLES

ON THE HORIZON

ATLANTIC POWER CORP. (Toronto: ATP, NYSE: AT): plans C$50 million of convertible unsecured subordinated debentures in Canada, par value C$1,000 per bond; bookrunner BMO Capital Markets; terms will be set after the Canadian preliminary prospectus and an S-1 registration with the Securities and Exchange Commission are approved by regulators; concurrent stock offering via UBS; proceeds to repay $20 million revolving credit facility and $75 million investment in Piedmont Green Power biomass project and for general corporate purposes; Boston-based independent power producer.

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