Calamos Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO and CHW)
Announce Monthly Distributions for November 2012
NAPERVILLE, Ill., Nov. 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
|
11/16/12
|
11/13/12
|
11/8/12
|
|
CHY
(inception 05/28/2003)
Calamos
Convertible and High Income Fund
|
$0.0850
|
11/16/12
|
11/13/12
|
11/8/12
|
|
CSQ
(inception 03/26/2004)
Calamos
Strategic Total Return Fund
|
$0.0700
|
11/16/12
|
11/13/12
|
11/8/12
|
|
CGO
(inception 10/27/2005)
Calamos
Global Total Return Fund
|
$0.1000
|
11/16/12
|
11/13/12
|
11/8/12
|
|
CHW
(inception 06/27/2007)
Calamos
Global Dynamic Income Fund
|
$0.0620
|
11/16/12
|
11/13/12
|
11/8/12
|
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.
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SOURCE Calamos Investments