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Calamos Investments Announces Monthly Distributions in 2026

Calamos Investments, a prominent player in the investment management sector, has made a significant announcement regarding its closed-end funds. The firm has confirmed its monthly distributions for the year 2026, impacting shareholders of seven of its funds: CHI, CHY, CSQ, CGO, CHW, CCD, and CPZ. This move is seen as a way to enhance shareholder value and reinforce confidence in the firm’s investment strategies.

Distribution Increases

Among the key updates is the Calamos Strategic Total Return Fund (CSQ), which is set to increase its monthly distribution from $0.1025 to $0.1225 per share. This change marks an approximate increase of 19.5% and reflects the fund's robust performance and commitment to delivering returns to its investors. The new distribution will be payable on January 9, 2026, highlighting a strategic approach to enhancing shareholder benefits.

Detailed Distribution Breakdown

Here's a brief overview of the distributions for each fund:

• - CHI (Calamos Convertible Opportunities and Income Fund): $0.095 per share, payable on January 9, 2026.
• - CHY (Calamos Convertible and High Income Fund): $0.100 per share, also payable on January 9, 2026.
• - CSQ (Calamos Strategic Total Return Fund): $0.1225 per share.
• - CGO (Calamos Global Total Return Fund): $0.080 per share.
• - CHW (Calamos Global Dynamic Income Fund): $0.050 per share.
• - CCD (Calamos Dynamic Convertible and Income Fund): $0.195 per share.
• - CPZ (Calamos Long/Short Equity Dynamic Income Trust): $0.140 per share.

All distributions are associated with specific record dates, usually with all funds having a record date of December 30, 2025, solidifying the commitment to timely and structured payouts to their shareholders.

Understanding Sources of Distribution

Calamos also provided key insights into the sources of these distributions, crucial for investors considering the tax implications. As per Section 19 of the Investment Company Act of 1940, the estimates indicate the share sources comprising:

• - Ordinary income
• - Short-term capital gains
• - Long-term capital gains
• - Return of capital

For example, CSQ will attribute its entire January distribution to return of capital, while CPZ will distribute approximately 24.3% from ordinary income and 75.7% from short-term capital gains. Such transparency helps investors make informed decisions about reinvestment plans and cash flows.

Monthly Distributions and Market Impact

The significance of these distributions lies not only in the immediate returns but also in the broader market strategy. Monthly distributions provide investors with the opportunity to accumulate additional shares via automatic dividend reinvestment plans. This adds another layer of value, allowing investors to enhance their holdings without needing to make additional purchases actively.

Investors can benefit from buying shares during favorable market conditions, whether trading at a premium or discount, making the process efficient and cost-effective.

About Calamos Investments

Founded on innovative investment strategies, Calamos Investments, headquartered in the Chicago metropolitan area, specializes in offering a wide array of financial products and services. These include closed-end funds, mutual funds, and private funds, catering to various investors, from individuals to large corporations.

In summary, Calamos Investments' announcement of monthly distributions for 2026 is a testament to its dedication to maximizing shareholder value through strategic planning and transparent operations. With a diversified investment strategy and aggressive management approach, the firm continues to position itself as a compelling choice for investors seeking growth and stability in today's dynamic market environment.