Calamos Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW and CCD) Announce Monthly Distributions for June 2015

May 29, 2015, 16:01 ET from Calamos Investments

NAPERVILLE, Ill., May 29, 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)

$0.0950

06/15/15

06/10/15

06/08/15

Calamos Convertible Opportunities and Income Fund

CHY (inception 05/28/2003)

$0.1000

06/15/15

06/10/15

06/08/15

Calamos Convertible and High Income Fund

CSQ (inception 03/26/2004)

$0.0825

06/15/15

06/10/15

06/08/15

Calamos Strategic Total Return Fund

CGO (inception 10/27/2005)

$0.1000

06/15/15

06/10/15

06/08/15

Calamos Global Total Return Fund

CHW (inception 06/27/2007)

$0.0700

06/15/15

06/10/15

06/08/15

Calamos Global Dynamic Income Fund

CCD (inception 03/27/2015)

$0.1670

06/15/15

06/10/15

06/08/15

Calamos Dynamic Convertible and Income Fund

 

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: $0.0950, $0.1000, $0.0825, $0.0919, $0.0700 and $0.1670 respectively. We anticipate that the following amounts are approxi­mately paid from distribution representing a return of capital: $0.0000, $0.0000, $0.0000, $0.0081, $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_0615M

 

SOURCE Calamos Investments



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