NAPERVILLE, Ill.,
Oct. 1, 2012 /PRNewswire/ -- Calamos
Investments announced today the declaration of monthly
distributions on each common share for its five 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
|
10/16/12
|
10/11/12
|
10/9/12
|
CHY
(inception
05/28/2003)
Calamos Convertible and
High Income Fund
|
$0.0850
|
10/16/12
|
10/11/12
|
10/9/12
|
CSQ
(inception
03/26/2004)
Calamos Strategic Total
Return Fund
|
$0.0700
|
10/16/12
|
10/11/12
|
10/9/12
|
CGO
(inception
10/27/2005)
Calamos Global Total Return
Fund
|
$0.1000
|
10/16/12
|
10/11/12
|
10/9/12
|
CHW
(inception
06/27/2007)
Calamos Global Dynamic
Income Fund
|
$0.0620
|
10/16/12
|
10/11/12
|
10/9/12
|
Additional information about Calamos
closed-end funds can be found on our website at:
calamos.com/CHI, calamos.com/CHY, calamos.com/CSQ, calamos.com/CGO
and calamos.com/CHW.
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 Fund's 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
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 globally diversified
investment firm offering equity, fixed income, convertible and
alternative investment strategies, among others. The firm serves
institutions and individuals around the world via separately
managed accounts and a family of open-end and closed- end funds,
providing a risk-managed approach to capital appreciation and
income-producing strategies. For more information, visit
calamos.com.
2061_1012M
SOURCE Calamos Investments