Calamos Reopens Growth and Income Fund, Global Growth and Income Fund to New Investors

NAPERVILLE, Ill., Jan. 3, 2013 /PRNewswire/ -- Calamos Investments^®* announces the Calamos Growth and Income Fund (A Shares: CVTRX; C Shares: CVTCX; I Shares: CGIIX) and the Calamos Global Growth and Income Fund (A Shares: CVLOX; C Shares: CVLCX; I Shares: CGCIX) are reopened to new accounts and new investments as of January 2, 2013.

"We are pleased that the Calamos Growth and Income Fund and Calamos Global Growth and Income Fund are again open to new investors. The Calamos Growth and Income Fund and Calamos Global Growth and Income Fund are actively managed funds that offer upside participation in the equity market with historically less exposure to the downside than equity-only portfolios over full market cycles," said John P. Calamos, Sr., Chief Executive Officer and Global Co-Chief Investment Officer of Calamos Investments.

"Since their inceptions, each of these funds has exhibited lower volatility by employing a flexible approach utilizing primarily equity-linked and convertible securities to respond to changing, volatile markets and investment opportunities. Guided by the best interests of our current fund shareholders, Calamos has continued to evaluate market opportunities consistent with each fund's investment objective and strategy, and to navigate the current equity market volatility based on managing a consistent risk/reward profile. As global economic recovery has continued and equity markets trend up, our team is seeing increased opportunities in the convertible market. The funds' flexibility to create synthetic convertibles also enhances the opportunity to achieve the funds' investment objectives. At this time we believe that reopening the funds allows us to seek to take advantage of a broader opportunity set that reflects our top-down macro view going into 2013," said Calamos.

The Calamos Growth and Income Fund and the Calamos Global Growth and Income Fund have demonstrated less volatility over the history of the funds as measured by beta, managing risk and reward over the course of many market cycles. The funds invest in a combination of instruments, including equity-linked and convertible securities, synthetic convertibles, stocks and fixed income to seek to achieve each fund's investment objective and risk/reward for current market conditions.

For more information on the Calamos Growth and Income Fund please visit www.calamos.com/CVTRX.  For more information on the Calamos Global Growth and Income Fund please visit www.calamos.com/CVLOX.

About Calamos

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. 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 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(s) is sub­ject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) 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(s) can increase during times of significant market volatility. The Fund(s) 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 Growth and Income Fund include: convertible securities risk, synthetic convertible instruments risk, equity securities risk, growth stock risk, small and mid-sized company risk, interest rate risk, credit risk, liquidity risk, high yield risk, forward foreign currency contract risk and portfolio selection risk.

The principal risks of investing in the Calamos Global Growth and Income Fund include: convertible securities risk, synthetic convertible instruments risk, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk, forward foreign currency contract risk, portfolio selection risk, and liquidity risk.

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