And not just ordinary bonds, as you said, he gets all the off the menu stuff too.
Check out Bell Industries (BI), a small California computer services company. He bought more than 5% of this company for his personal account in 1999 before BI distributed $7.00 per share in special dividends as a result of some asset sales. This one appears to have been strictly a trade since he sold all his shares soon after the special dividend distributions.