Calamos Reopens Flagship Convertible Fund to New Investors, Citing Improving Market Conditions
NAPERVILLE, Ill, Sept. 5, 2013 /PRNewswire/ -- Calamos Investments®* announces that its flagship Calamos Convertible Fund (A Shares: CCVIX; C Shares: CCVCX; I Shares: CICVX) is reopened to new accounts and new investments as of September 6, 2013.
"We're pleased to reopen our convertible mutual fund to new investors at what we consider to be an opportune time to invest in these unique hybrid securities," said John P. Calamos, Sr., Chief Executive Officer and Global Co-Chief Investment Officer of Calamos Investments. "An improving global economy and widening spreads have boosted interest in the asset class by issuers, resulting in an improving and diversified convertible market that we expect will become more robust. Moreover, during periods of rising rates and economic expansion, convertibles have historically outperformed their more traditional fixed-income counterparts."
Calamos has been a pioneer and long-time champion of the convertible asset class, launching the fund in 1985 as one of the first convertible mutual funds.
For more information on the Calamos Convertible Fund please visit www.calamos.com/CCVIX.
Calamos Investments is a diversified global investment firm offering innovative investment strategies including equity, fixed income, convertible and alternative investments, among others. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in London and New York.
Calamos serves professional/sophisticated investors around the world through Calamos Global Funds plc (UCITS), distributed by Calamos Investments LLP, London, United Kingdom.
For more information, please 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.
Past Performance is not a guarantee of future results.
Important Risk Information: An investment in the fund is subject to risks, and you could lose money on your investment in the fund. There can be no assurance that the fund will achieve its investment objective. Your investment in the fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the fund can increase during times of significant market volatility. The fund also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the fund's prospectus.
The principal risks of investing in the Calamos Convertible Fund include: the risk that convertible securities may decline in value during periods of rising interest rates, the risk that synthetic convertible instruments may react differently to market conditions than convertibles, the risk that foreign securities will be negatively affected by exchange rate fluctuations or political upheaval, the risk of a general decline in the equity markets, the risk that issuers may experience a downgrade in credit rating, the heightened risk of default.
As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus containing this and other information or call 1-800-582-6959. Read it carefully.
SOURCE Calamos Investments