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. 18, 2024
METRO CHICAGO, Ill., Dec. 18, 2024 /PRNewswire/ -- Calamos Investments$(R)$* has announced monthly distributions and sources of distributions paid in January 2025 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.
Fund Distribution Payable date Record date Ex-dividend
date
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CHI (inception $0.0950 1/10/25 12/30/24 12/30/24
06/26/2002) Calamos
Convertible
Opportunities and
Income Fund
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CHY (inception $0.1000 1/10/25 12/30/24 12/30/24
05/28/2003) Calamos
Convertible and High
Income Fund
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CSQ (inception $0.1025 1/10/25 12/30/24 12/30/24
03/26/2004) Calamos
Strategic Total Return
Fund
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CGO (inception $0.0800 1/10/25 12/30/24 12/30/24
10/27/2005) Calamos
Global Total Return
Fund
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CHW (inception $0.0500 1/10/25 12/30/24 12/30/24
06/27/2007) Calamos
Global Dynamic Income
Fund
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CCD (inception $0.1950 1/10/25 12/30/24 12/30/24
03/27/2015) Calamos
Dynamic Convertible
and Income Fund
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CPZ (inception $0.3359 1/10/25 12/30/24 12/30/24
11/29/2019) Calamos
Long/Short Equity &
Dynamic Income Trust
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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 January 2025'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 $0.2400 $0.1500 -------------------------------------------------------- ------- ------- Long-Term Capital Gains $0.0000 $0.0000 -------------------------------------------------------- ------- ------- Return of Capital $0.0000 $0.0000 -------------------------------------------------------- ------- ------- Total Fiscal YTD Distribution (Level Rate) $0.2400 $0.1500 -------------------------------------------------------- ------- -------
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 % 0.0 % 0.0 % 100.0 %
Fiscal YTD 0.2850 - 0.0950 - 0.1900 0.0 % 33.3 % 0.0 % 66.7 %
Net Asset
Value 10.30
-------------- ------------ ------ ---------- --------- ----------- ------ ---------- --------- ---------
Current
CHY Month 0.1000 - - - 0.1000 0.0 % 0.0 % 0.0 % 100.0 %
Fiscal YTD 0.3000 - 0.1000 - 0.2000 0.0 % 33.3 % 0.0 % 66.7 %
Net Asset
Value 10.90
-------------- ------------ ------ ---------- --------- ----------- ------ ---------- --------- ---------
Current
CSQ Month 0.1025 - - 0.0413 0.0612 0.0 % 0.0 % 40.3 % 59.7 %
Fiscal YTD 0.3075 - 0.1025 0.0413 0.1637 0.0 % 33.3 % 13.4 % 53.2 %
Net Asset
Value 18.70
-------------- ------------ ------ ---------- --------- ----------- ------ ---------- --------- ---------
Current
CCD Month 0.1950 - - - 0.1950 0.0 % 0.0 % 0.0 % 100.0 %
Fiscal YTD 0.5850 - 0.1950 - 0.3900 0.0 % 33.3 % 0.0 % 66.7 %
Net Asset
Value 19.84
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Current
CPZ Month 0.3359 - 0.3359 - - 0.0 % 100.0 % 0.0 % 0.0 %
Fiscal YTD 0.6159 0.0918 0.5241 - - 14.9 % 85.1 % 0.0 % 0.0 %
Net Asset
Value 16.96
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Note: NAV returns are as of December 17, 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.
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