#United States #Calamos Investments #Chicago, Illinois #Closed-End Funds #March 2025

Calamos Investments Announces Monthly Fund Distributions

On March 3, 2025, Calamos Investments® revealed the upcoming monthly distributions for its shareholders across seven closed-end funds. These distributions are scheduled for payment on March 20, 2025, and reflect the funds' adherence to their established distribution plans.

Overview of Closed-End Funds

Calamos Investments operates several closed-end funds that are designed to provide income through regular dividend payments. The seven funds involved in this latest announcement include:

1. Calamos Convertible Opportunities and Income Fund (CHI)
- Distribution: $0.0950
- Payable Date: March 20, 2025
- Record Date: March 13, 2025
- Ex-Dividend Date: March 13, 2025

2. Calamos Convertible and High Income Fund (CHY)
- Distribution: $0.1000
- Payable Date: March 20, 2025
- Record Date: March 13, 2025
- Ex-Dividend Date: March 13, 2025

3. Calamos Strategic Total Return Fund (CSQ)
- Distribution: $0.1025
- Payable Date: March 20, 2025
- Record Date: March 13, 2025
- Ex-Dividend Date: March 13, 2025

4. Calamos Global Total Return Fund (CGO)
- Distribution: $0.0800
- Payable Date: March 20, 2025
- Record Date: March 13, 2025
- Ex-Dividend Date: March 13, 2025

5. Calamos Global Dynamic Income Fund (CHW)
- Distribution: $0.0500
- Payable Date: March 20, 2025
- Record Date: March 13, 2025
- Ex-Dividend Date: March 13, 2025

6. Calamos Dynamic Convertible and Income Fund (CCD)
- Distribution: $0.1950
- Payable Date: March 20, 2025
- Record Date: March 13, 2025
- Ex-Dividend Date: March 13, 2025

7. Calamos Long/Short Equity Dynamic Income Trust (CPZ)
- Distribution: $0.1400
- Payable Date: March 20, 2025
- Record Date: March 13, 2025
- Ex-Dividend Date: March 13, 2025

Sources of Distribution

Accompanying the announcements of distributions, Calamos also provided insights into the sources of these payments. The distributions have been attributed to a mix of ordinary income, short-term capital gains, long-term capital gains, and returns of capital. Here’s a summary for March:

• - Ordinary Income: None reported for any fund.
• - Short-Term Capital Gains: Varies per fund, mainly contributing to the total distribution.
• - Long-Term Capital Gains: Generally not reported.
• - Return of Capital: Represents a significant portion of the distributions for some funds, such as $0.1950 for CCD and $0.0950 for CHI.

Understanding Returns of Capital

It's crucial for shareholders to understand what a return of capital means. This type of distribution occurs when some or all of the invested capital is returned to shareholders. Unlike dividends that come from profits or gains, returns of capital do not necessarily represent the investment's performance, which can cause confusion about yield and income.

The Importance of Monthly Distributions

The monthly distributions allow shareholders the possibility to reinvest dividends back into the funds, potentially increasing their equity holdings without the need to make additional purchases. This strategy, facilitated by an automatic dividend reinvestment plan, can be particularly advantageous, especially in times when market prices fluctuate.

About Calamos Investments

Calamos Investments, headquartered in the Chicago area, offers a diverse range of investment strategies that include alternatives, fixed income, equity, and sustainable equity strategies, catering to both institutional and individual investors. The firm is known for its innovative approach and manages various portfolios and funds with a commitment to generating long-term value for its clients.

In conclusion, as Calamos Investments prepares for the upcoming monthly distributions in March 2025, it continues to prioritize providing value to its shareholders through clear communication about the sources of distributions and the implications for investment performance.