NAPERVILLE, Ill., Aug. 31, 2015 /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
|
09/15/15
|
09/10/15
|
09/08/15
|
|
CHY
(inception 05/28/2003)
Calamos Convertible
and High Income Fund
|
$0.1000
|
09/15/15
|
09/10/15
|
09/08/15
|
|
CSQ
(inception 03/26/2004)
Calamos Strategic
Total Return Fund
|
$0.0825
|
09/15/15
|
09/10/15
|
09/08/15
|
|
CGO
(inception 10/27/2005)
Calamos Global Total
Return Fund
|
$0.1000
|
09/15/15
|
09/10/15
|
09/08/15
|
|
CHW
(inception 06/27/2007)
Calamos Global
Dynamic Income Fund
|
$0.0700
|
09/15/15
|
09/10/15
|
09/08/15
|
|
CCD
(inception 03/27/2015)
Calamos Dynamic
Convertible and Income Fund
|
$0.1670
|
09/15/15
|
09/10/15
|
09/08/15
|
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.
For CHI, CHY, CSQ, CGO, CHW and CCD based on our current
estimates, we anticipate that the following amounts are
approximately paid from ordinary income or capital gains:
$0.0788, $0.0778, $0.0434,
$0.0671, $0.0700 and $0.1670
respectively. We anticipate that the following amounts are
approximately paid from distribution representing a return of
capital: $0.0162, $0.0222, $0.0391,
$0.0329, $0.0000, and $0.0000 respectively.
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 an exchange traded fund. 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_0915M
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SOURCE Calamos Investments