Calamos Investments Announces Monthly Distributions for Closed-End Funds in January 2025

Overview of Calamos Investments'

Calamos Investments has made a significant announcement regarding the monthly distributions for its seven closed-end funds. This news reflects the firm's ongoing commitment to providing value to its shareholders. As of January 10, 2025, these funds will distribute varying amounts to their shareholders, as per their established distribution plans. The funds in question are CHI, CHY, CSQ, CGO, CHW, CCD, and CPZ, each with specific distribution amounts and record dates.

Distribution Details

1. Calamos Convertible Opportunities and Income Fund (CHI): This fund will be distributing $0.0950 per share on January 10, 2025, with a record date set for December 30, 2024.
2. Calamos Convertible and High Income Fund (CHY): Shareholders will receive $0.1000 per share, with the same pay date and record date as CHI.
3. Calamos Strategic Total Return Fund (CSQ): CSQ’s distribution is set at $0.1025 with identical record and pay dates.
4. Calamos Global Total Return Fund (CGO): This fund will pay $0.0800 per share.
5. Calamos Global Dynamic Income Fund (CHW): A distribution of $0.0500 is confirmed for January 2025.
6. Calamos Dynamic Convertible and Income Fund (CCD): An amount of $0.1950 will be distributed to shareholders.
7. Calamos Long/Short Equity Dynamic Income Trust (CPZ): The highest distribution among the funds at $0.3359 per share.

Sources of Distribution

Calamos has also provided an essential overview of where these distributions are sourced from, which is particularly relevant for shareholders looking to understand the financial mechanics behind these payouts. Under the Investment Company Act of 1940, the sources of distribution are classified into various categories such as net investment income, short-term capital gains, long-term capital gains, and return of capital. The estimates for each category differ by fund and are displayed in the corresponding table, revealing how funds are managing their assets to sustain these distributions.

Historical Performance and Future Outlook

In analyzing historical performance, it's important to note that while a fund's monthly distributions might provide immediate benefits, the long-term investment performance should also be examined. Calamos has cautioned that past performance is no guarantee of future results. They suggest that market volatility could affect the investment value, which may fluctuate above or below the net asset value (NAV).

Conclusion

For investors and shareholders in Calamos's closed-end funds, these monthly distributions are more than just a return on investment; they form a part of a larger strategy by the firm to maintain shareholder satisfaction and market positioning. With the latest announcements, investors can make informed decisions on their investments, all the while keeping an eye on market trends that could shift fund performance. Reinvestment options are available, offering a pathway for shareholders to capitalize on these distributions through additional share purchases. For more detailed information about each fund and its distribution, shareholders are encouraged to consult Calamos’s investor relations resources and financial reports.