NAPERVILLE, Ill., Sept. 4, 2014 /PRNewswire/ -- Calamos
Investments®* revised its estimates regarding the
amounts allocated between ordinary income and return of capital for
the September distributions of CHI and CHW. The previously
declared September distributions for CHI and CHW remain
unchanged.
For CHI, based on our current estimates, we anticipate that
approximately $0.0746 is paid from
ordinary income and $0.0204 is paid
from distribution representing a return of capital. For CHW, based
on our current estimates, we anticipate that approximately
$0.0531 is paid from ordinary income
and $0.0169 is paid from distribution
representing a return of capital.
Additional information about Calamos closed-end funds can be
found on our Web site at:
www.calamos.com/CHI, www.calamos.com/CHY, www.calamos.com/CSQ,
www.calamos.com/CGO and www.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
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 LLC is a diversified global investment firm
offering innovative investment strategies including equity,
lower-volatility equity, fixed income, convertible and alternative
investments. The firm offers strategies through separately managed
portfolios, mutual funds, closed-end funds, private funds, UCITS
funds, and exchange traded funds. Clients include major
corporations, pension funds, endowments, foundations and
individuals, as well as the consultants and financial advisors who
serve them. Headquartered in the Chicago metropolitan area, the firm also has
offices in London and New York. For more information 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_0914M rev. 9-4-2014
Contact:
Jennifer McGuffin
VP, Director of Corporate Communications
Calamos Advisors LLC
Direct: 630.245.1780
media@calamos.com
SOURCE Calamos Investments