Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

PR Newswire

METRO CHICAGO, Ill., Nov. 1, 2024

METRO CHICAGO, Ill., Nov. 1, 2024 /PRNewswire/ -- Calamos Investments$(R)$* has announced monthly distributions and sources of distributions paid in November 2024 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

 
             Fund                Distribution  Payable    Record   Ex-dividend 
                                                 date      date       date 
 
 
CHI (inception 06/26/2002) 
Calamos Convertible                $0.0950     11/20/24  11/13/24   11/13/24 
Opportunities and Income Fund 
 
 
CHY (inception 05/28/2003) 
Calamos Convertible and High       $0.1000     11/20/24  11/13/24   11/13/24 
Income 
Fund 
 
 
CSQ (inception 03/26/2004) 
Calamos Strategic Total Return     $0.1025     11/20/24  11/13/24   11/13/24 
Fund 
 
 
CGO (inception 10/27/2005) 
Calamos Global Total Return        $0.0800     11/20/24  11/13/24   11/13/24 
Fund 
 
 
CHW (inception 06/27/2007) 
Calamos Global Dynamic Income      $0.0500     11/20/24  11/13/24   11/13/24 
Fund 
 
 
CCD (inception 03/27/2015) 
Calamos Dynamic Convertible and    $0.1950     11/20/24  11/13/24   11/13/24 
Income Fund 
 
CPZ (inception 11/29/2019) 
Calamos Long/Short Equity &        $0.1400     11/20/24  11/13/24   11/13/24 
Dynamic Income Trust 
 
 

The following table provides estimates of Calamos Global Total Return Fund's and Calamos Global Dynamic Income Fund's distribution sources, reflecting YTD cumulative experience. The Funds attribute these estimates equally to each regular distribution throughout the year.

 
Distribution Components for November 2024's Payable Date     CGO      CHW 
---------------------------------------------------------  -------  ------- 
Ordinary Income                                            $0.0000  $0.0000 
                                                           -------  ------- 
Short-Term Capital Gains                                   $0.0800  $0.0500 
---------------------------------------------------------  -------  ------- 
Long-Term Capital Gains                                    $0.0000  $0.0000 
---------------------------------------------------------  -------  ------- 
Return of Capital                                          $0.0000  $0.0000 
---------------------------------------------------------  -------  ------- 
Total Distribution (Level Rate)                            $0.0800  $0.0500 
---------------------------------------------------------  -------  ------- 
 
2025 Fiscal YTD Data                                         CGO      CHW 
---------------------------------------------------------  -------  ------- 
Ordinary Income                                            $0.0000  $0.0000 
                                                           -------  ------- 
Short-Term Capital Gains                                   $0.0800  $0.0500 
---------------------------------------------------------  -------  ------- 
Long-Term Capital Gains                                    $0.0000  $0.0000 
---------------------------------------------------------  -------  ------- 
Return of Capital                                          $0.0000  $0.0000 
---------------------------------------------------------  -------  ------- 
Total Fiscal YTD Distribution (Level Rate)                 $0.0800  $0.0500 
---------------------------------------------------------  -------  ------- 
 

Regarding Calamos' remaining five closed-end funds, which operate under a managed distribution policy: The information below is required by an exemptive order granted to the Funds by the US Securities and Exchange Commission and includes the information sent to shareholders regarding the sources of the Funds' distributions.

The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. The Funds estimate the following percentages, of their respective total distribution amount per common share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized longterm capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal YTD cumulative distribution amount per common share for the Funds. The following table provides estimates of each Fund's distribution sources, reflecting YTD cumulative experience. The Funds attribute these estimates equally to each regular distribution throughout the year.

 
 
                                     Estimated Per Share Sources of 
                                              Distribution                   Estimated Percentage of Distribution 
                               ------------------------------------------  ---------------------------------------- 
 
                  Per Share     Net    Short-Term  Long-Term   Return of    Net    Short-Term  Long-Term  Return of 
Fund             Distribution  Income    Gains       Gains      Capital    Income    Gains       Gains     Capital 
-----  --------  ------------  ------  ----------  ---------  -----------  ------  ----------  ---------  --------- 
       Current 
CHI     Month       0.0950       -       0.0950        -           -        0.0 %     100.0 %      0.0 %      0.0 % 
 Fiscal YTD         0.0950       -       0.0950        -           -        0.0 %     100.0 %      0.0 %      0.0 % 
 Net Asset 
  Value             10.04 
 --------------  ------------  ------  ----------  ---------  -----------  ------  ----------  ---------  --------- 
       Current 
CHY     Month       0.1000       -       0.1000        -           -        0.0 %     100.0 %      0.0 %      0.0 % 
 Fiscal YTD         0.1000       -       0.1000        -           -        0.0 %     100.0 %      0.0 %      0.0 % 
 Net Asset 
  Value             10.63 
 --------------  ------------  ------  ----------  ---------  -----------  ------  ----------  ---------  --------- 
       Current 
CSQ     Month       0.1025       -       0.1025        -           -        0.0 %     100.0 %      0.0 %      0.0 % 
 Fiscal YTD         0.1025       -       0.1025        -           -        0.0 %     100.0 %      0.0 %      0.0 % 
 Net Asset 
  Value             17.55 
 --------------  ------------  ------  ----------  ---------  -----------  ------  ----------  ---------  --------- 
       Current 
CCD     Month       0.1950       -       0.1950        -           -        0.0 %     100.0 %      0.0 %      0.0 % 
 Fiscal YTD         0.1950       -       0.1950        -           -        0.0 %     100.0 %      0.0 %      0.0 % 
 Net Asset 
  Value             19.23 
 --------------  ------------  ------  ----------  ---------  -----------  ------  ----------  ---------  --------- 
       Current 
CPZ     Month       0.1400     0.0918    0.0482        -           -       65.6 %      34.4 %      0.0 %      0.0 % 
 Fiscal YTD         0.1400     0.0918    0.0482        -           -       65.6 %      34.4 %      0.0 %      0.0 % 
 Net Asset 
  Value             17.53 
 --------------  ------------  ------  ----------  ---------  -----------  ------  ----------  ---------  --------- 
 
Note: NAV returns are as of October 31, 2024 and Distribution Returns include 
the distribution announced today. 
 

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's plan.

If the Fund(s) estimate(s) that it has distributed more than its income and capital gains, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.

The amounts and sources of distributions reported in this 19(a) notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099 DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Return figures provided below are based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last day of the month prior to distribution record date.

 
 
                       Annualized 
            -------------------------------- 
 
 
Fund            5-Year         Fiscal YTD      Fiscal YTD      Fiscal YTD 
            NAV Return (1)    NAV Dist Rate    NAV Return    NAV Dist Rate 
---------   ---------------  ---------------  ------------  ---------------- 
CHI             8.75 %           11.35 %        24.26 %          0.95 % 
----------  ---------------  ---------------  ------------  ---------------- 
CHY             9.00 %           11.29 %        24.82 %          0.94 % 
----------  ---------------  ---------------  ------------  ---------------- 
CSQ             15.21 %          7.01 %         41.22 %          0.58 % 
----------  ---------------  ---------------  ------------  ---------------- 
CCD             9.64 %           12.17 %        24.63 %          1.01 % 
----------  ---------------  ---------------  ------------  ---------------- 
CPZ             6.81 %           9.58 %         18.31 %          0.80 % 
----------  ---------------  ---------------  ------------  ---------------- 
 

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November 01, 2024 16:05 ET (20:05 GMT)