Convertibles Calendar

ON THE HORIZON

DELTA PETROLEUM CORP. (Nasdaq: DPTR): up to $175 million of convertible preferred shares; proceeds to be used to reduce amounts outstanding under its senior credit facility, pay other accounts payable and for working capital and general corporate purposes; company has asked lenders related to this credit agreement to forebear contingent on the rights offering to raise equity capital; par of $3, yield of 3% PIK, holders can convert immediately with mandatory conversion in three years; SEC hasn't yet declared Delta's shelf registration effective; Tracinda Corp., 39% shareholder, and another stockholder intend to purchase their pro rata share of securities under the rights offering; Denver-based independent oil and gas company.

CLOUD PEAK ENERGY INC.: $250 million of three-year mandatory convertible preferred stock, at a liquidation preference price of $50 per share, via underwriter Credit Suisse, concurrent initial public offering; Cloud Peak formerly part of Rio Tinto America Inc., an indirect wholly owned subsidiary of Rio Tinto plc, and Rio Tinto America; dividends payable on a cumulative basis; no proceeds go to Cloud Peak; Gillette, Wyo.-based coal producer.

INTERNATIONAL CONVERTIBLES

ON THE HORIZON

UNIONE DI BANCHE ITALIANE SCPA: €640 million of four-year convertible bonds; fixed coupon and will be listed for trading; convertible at the option of both the bondholders and the group; net share settlement; Bergamo, Italy, banking group resulting from the 2007 merger of BPU - Banche Popolari Unite and Banca Lombarda e Piemontese.

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