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., Dec. 2, 2024
METRO CHICAGO, Ill., Dec. 2, 2024 /PRNewswire/ -- Calamos Investments$(R)$* has announced monthly distributions and sources of distributions paid in December 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 12/19/24 12/13/24 12/13/24
Opportunities and Income Fund
CHY (inception 05/28/2003)
Calamos Convertible and High $0.1000 12/19/24 12/13/24 12/13/24
Income
Fund
CSQ (inception 03/26/2004)
Calamos Strategic Total Return $0.1025 12/19/24 12/13/24 12/13/24
Fund
CGO (inception 10/27/2005)
Calamos Global Total Return $0.0800 12/19/24 12/13/24 12/13/24
Fund
CHW (inception 06/27/2007)
Calamos Global Dynamic Income $0.0500 12/19/24 12/13/24 12/13/24
Fund
CCD (inception 03/27/2015)
Calamos Dynamic Convertible and $0.1950 12/19/24 12/13/24 12/13/24
Income Fund
CPZ (inception 11/29/2019)
Calamos Long/Short Equity & $0.1400 12/19/24 12/13/24 12/13/24
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 December 2024's Payable Date CGO CHW
--------------------------------------------------------- ------- -------
Ordinary Income $0.0000 $0.0000
------- -------
Short-Term Capital Gains $0.0800 $0.0500
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Long-Term Capital Gains $0.0000 $0.0000
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Return of Capital $0.0000 $0.0000
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Total Distribution (Level Rate) $0.0800 $0.0500
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2025 Fiscal YTD Data CGO CHW
--------------------------------------------------------- ------- -------
Ordinary Income $0.0000 $0.0000
------- -------
Short-Term Capital Gains $0.1600 $0.1000
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Long-Term Capital Gains $0.0000 $0.0000
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Return of Capital $0.0000 $0.0000
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Total Fiscal YTD Distribution (Level Rate) $0.1600 $0.1000
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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 long- term 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 % 0.0 % 0.0 % 100.0 %
Fiscal YTD 0.1900 - 0.0950 - 0.0950 0.0 % 50.0 % 0.0 % 50.0 %
Net Asset
Value 10.52
-------------- ------------ ------ ---------- --------- ----------- ------ ---------- --------- ---------
Current
CHY Month 0.1000 - - - 0.1000 0.0 % 0.0 % 0.0 % 100.0 %
Fiscal YTD 0.2000 - 0.1000 - 0.1000 0.0 % 50.0 % 0.0 % 50.0 %
Net Asset
Value 11.13
-------------- ------------ ------ ---------- --------- ----------- ------ ---------- --------- ---------
Current
CSQ Month 0.1025 - - - 0.1025 0.0 % 0.0 % 0.0 % 100.0 %
Fiscal YTD 0.2050 - 0.1025 - 0.1025 0.0 % 50.0 % 0.0 % 50.0 %
Net Asset
Value 18.61
-------------- ------------ ------ ---------- --------- ----------- ------ ---------- --------- ---------
Current
CCD Month 0.1950 - - - 0.1950 0.0 % 0.0 % 0.0 % 100.0 %
Fiscal YTD 0.3900 - 0.1950 - 0.1950 0.0 % 50.0 % 0.0 % 50.0 %
Net Asset
Value 20.33
-------------- ------------ ------ ---------- --------- ----------- ------ ---------- --------- ---------
Current
CPZ Month 0.1400 - 0.1400 - - 0.0 % 100.0 % 0.0 % 0.0 %
Fiscal YTD 0.2800 0.0918 0.1882 - - 32.8 % 67.2 % 0.0 % 0.0 %
Net Asset
Value 17.43
-------------- ------------ ------ ---------- --------- ----------- ------ ---------- --------- ---------
Note: NAV returns are as of November 30, 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 9.38 % 10.84 % 5.65 % 1.81 %
---------- --------------- --------------- ------------ ----------------
CHY 9.60 % 10.78 % 5.61 % 1.80 %
---------- --------------- --------------- ------------ ----------------
CSQ 15.88 % 6.61 % 6.64 % 1.10 %
---------- --------------- --------------- ------------ ----------------
CCD 10.29 % 11.51 % 6.61 % 1.92 %
---------- --------------- --------------- ------------ ----------------
CPZ 6.76 % 9.64 % 0.32 % 1.61 %
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December 02, 2024 16:05 ET (21:05 GMT)
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