CALAMOS Closed-End Funds: Calamos Convertible Opportunities and Income Fund (CHI) and Calamos Convertible and High Income Fund (
April 04 2005 - 8:56PM
PR Newswire (US)
CALAMOS Closed-End Funds: Calamos Convertible Opportunities and
Income Fund (CHI) and Calamos Convertible and High Income Fund
(CHY) Announce Monthly Dividends NAPERVILLE, Ill., April 4
/PRNewswire-FirstCall/ -- CALAMOS INVESTMENTS announced today the
declaration of monthly dividend distributions on each common share
for the Calamos Convertible Opportunities and Income Fund and the
Calamos Convertible and High Income Fund. Fund Dividend Payable
date Record date Ex-dividend date CHI (inception $0.1500 04/26/2005
04/15/2005 04/13/2005 06/26/2002) Calamos Convertible Opportunities
and Income Fund CHY (inception $0.1219 04/26/2005 04/15/2005
04/13/2005 05/27/2003) Calamos Convertible and High Income Fund A
dividend offers 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, dividends
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, dividends will be reinvested at the market price. 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.
Additional information about the Funds, including a monthly
commentary, portfolio holdings, and a description of the Funds'
dividend reinvestment plan is posted at CALAMOS INVESTMENTS'
website, http://www.calamos.com/ . Important Notes About
Performance and Risk: You can purchase or sell common shares daily.
Like other investments, market price will fluctuate with the
market. 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. Due to ongoing market volatility,
performance is subject to substantial short-term fluctuations.
Investments by a Fund in lower rated securities involve substantial
risk of loss and present greater risks than investments in higher
rated securities, including less liquidity and increased price
sensitivity to changing interest rates and to a deteriorating
economic environment. Shares of closed-end funds frequently trade
at a market price that is below their net asset value. Fixed-income
securities are subject to interest rate risk; as interest rates go
up, the value of debt securities in a Fund's portfolio generally
will decline. There are certain risks associated with an investment
in a convertible bond such as default risk -- that the company
issuing a convertible security may be unable to repay principal and
interest -- and interest rate risk -- that the convertible may
decrease in value if interest rates increase. About CALAMOS CALAMOS
INVESTMENTS provides investment advisory services to institutions
and individuals seeking superior risk-adjusted returns over the
long term. With roots dating back to 1977, the company applies its
proprietary investment process across an expanding range of
investment strategies within the equity, global/international,
balanced, high yield, convertible and alternative investment
classes. For more information, visit http://www.calamos.com/ .
Calamos(R), CALAMOS INVESTMENTS(R), Strategies for Serious
Money(R), and the Calamos(R) logo are registered trademarks of
Calamos Holdings LLC. DATASOURCE: CALAMOS INVESTMENTS CONTACT: Jeff
Kelley of CALAMOS INVESTMENTS, +1-630-577-9687, or Web site:
http://www.calamos.com/
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