NAPERVILLE, Ill., Sept. 29, 2017 /PRNewswire/ -- Calamos
Investments®* announced today the declaration of monthly distributions on each common share of its six closed-end
funds.
|
Fund
|
Distribution
(Level Rate)
|
Payable
date
|
Record
date
|
Ex-dividend
date
|
|
CHI (inception 06/26/2002)
Calamos Convertible Opportunities and Income Fund
|
$0.0950
|
10/16/17
|
10/11/17
|
10/10/17
|
|
CHY (inception 05/28/2003)
Calamos Convertible and High Income Fund
|
$0.1000
|
10/16/17
|
10/11/17
|
10/10/17
|
|
CSQ (inception 03/26/2004)
Calamos Strategic Total Return Fund
|
$0.0825
|
10/16/17
|
10/11/17
|
10/10/17
|
|
CGO (inception 10/27/2005)
Calamos Global Total Return Fund
|
$0.1000
|
10/16/17
|
10/11/17
|
10/10/17
|
|
CHW (inception 06/27/2007)
Calamos Global Dynamic Income Fund
|
$0.0700
|
10/16/17
|
10/11/17
|
10/10/17
|
|
CCD (inception 03/27/2015)
Calamos Dynamic Convertible and Income Fund
|
$0.1670
|
10/16/17
|
10/11/17
|
10/10/17
|
Additional information about Calamos closed-end funds can be found on our website at: www.calamos.com/CHI, www.calamos.com/CHY, www.calamos.com/CSQ,
www.calamos.com/CGO, www.calamos.com/CHW, and www.calamos.com/CCD.
Based on our current estimates, we anticipate that the following amounts are approximately paid from ordinary income, capital
gains and a return of capital:
|
Distribution
Components
|
CHI
|
CHY
|
CSQ
|
CGO
|
CHW
|
CCD
|
|
Ordinary Income
|
$0.0213
|
$0.0320
|
$0.0825
|
$0.1000
|
$0.0160
|
$0.0559
|
|
Long-Term
Capital Gains
|
$0.0000
|
$0.0000
|
$0.0000
|
$0.0000
|
$0.0000
|
$0.0000
|
|
Return of Capital
|
$0.0737
|
$0.0680
|
$0.0000
|
$0.0000
|
$0.0540
|
$0.1111
|
|
Total Distribution
(Level Rate)
|
$0.0950
|
$0.1000
|
$0.0825
|
$0.1000
|
$0.0700
|
$0.1670
|
Monthly distributions offer shareholders the opportunity to accumulate more shares in a fund via the automatic dividend
reinvestment plan. For example, if a fund's shares are trading at a premium, distributions will be automatically reinvested
through the plan at NAV or 95% of the market price, whichever is greater; if shares are trading at a discount, distributions will
be reinvested at the market price through an open market purchase program. Thus, the plan offers current shareholders an
efficient method of accumulating additional shares with a potential for cost savings. Please see the dividend reinvestment plan
for more information.
The Calamos closed-end funds employ a level rate distribution policy, paying monthly distributions at the stated rates. Under
the level rate distribution policy, distributions paid to common shareholders typically include net investment income and net
realized short-term capital gains. When the net investment income and net realized short-term capital gains are not sufficient, a
portion of the level rate distribution will be a return of capital. In addition, a limited number of distributions per calendar
year may include net realized long-term capital gains. There is no guarantee that the funds will realize capital gains in any
given year. Distributions are subject to re-characterization for tax purposes after the end of the fiscal year. All shareholders
with taxable accounts will receive written notification regarding the components and tax treatment for distributions via Form
1099-DIV. Distributions from the funds are generally subject to Federal income taxes. For purposes of maintaining the level rate
distribution policy, the funds may realize short-term capital gains on securities that, if sold at a later date, would have
resulted in long-term capital gains. Maintenance of a level rate distribution policy may increase transaction and tax costs
associated with the funds. Please see www.calamos.com/taxcenter.aspx for more information.
Important Notes about Performance and Risk
Past performance is no guarantee of future results. As with other investments, market price will fluctuate with the
market and upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less
than your original investment.
About Calamos
Calamos Investments is a diversified global investment firm offering innovative investment strategies including U.S.
growth equity, global equity, convertible, fixed income, multi-asset and alternatives. The firm offers strategies through
separately managed portfolios, mutual funds, closed-end funds, private funds, and UCITS funds. Clients include major
corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve
them. Headquartered in the Chicago metropolitan area, the firm also has offices in London, New York, San Francisco, and the
Miami area. For more information, please visit www.calamos.com.
*Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such
services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos
Financial Services LLC.
2061_1017M
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SOURCE Calamos Investments