METRO CHICAGO, Ill., March 1,
2023 /PRNewswire/ -- Calamos Investments®* has
announced monthly distributions and sources of distributions paid
in March 2023 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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CHI (inception 06/26/2002)
|
|
|
|
|
Calamos Convertible
Opportunities Fund and
|
$0.0950
|
3/20/23
|
3/14/23
|
3/13/23
|
Income Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CHY (inception 05/28/2003)
|
|
|
|
|
Calamos Convertible and
High Income
|
$0.1000
|
3/20/23
|
3/14/23
|
3/13/23
|
Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CSQ (inception 03/26/2004)
|
|
|
|
|
Calamos Strategic Total
Return Fund
|
$0.1025
|
3/20/23
|
3/14/23
|
3/13/23
|
|
|
|
|
|
|
|
|
|
|
CGO (inception 10/27/2005)
|
|
|
|
|
Calamos Global Total
Return Fund
|
$0.0800
|
3/20/23
|
3/14/23
|
3/13/23
|
|
|
|
|
|
|
|
|
|
|
CHW (inception 06/27/2007)
|
|
|
|
|
Calamos Global Dynamic
Income Fund
|
$0.0500
|
3/20/23
|
3/14/23
|
3/13/23
|
|
|
|
|
|
|
|
|
|
|
CCD (inception 03/27/2015)
|
|
|
|
|
Calamos Dynamic
Convertible and
|
$0.1950
|
3/20/23
|
3/14/23
|
3/13/23
|
Income Fund
|
|
|
|
|
|
|
|
|
|
CPZ (inception 11/29/2019)
|
|
|
|
|
Calamos Long/Short
Equity & Dynamic Income Trust
|
$0.1400
|
3/20/23
|
3/14/23
|
3/13/23
|
Income Fund
|
|
|
|
|
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 March 2023's Payable Date
|
CGO
|
CHW
|
Ordinary
Income
|
$0.0000
|
$0.0000
|
Short-Term Capital
Gains
|
$0.0000
|
$0.0000
|
Long-Term Capital
Gains
|
$0.0000
|
$0.0000
|
Return of
Capital
|
$0.0800
|
$0.0500
|
Total Distribution
(Level Rate)
|
$0.0800
|
$0.0500
|
|
|
|
Updated 2023 Fiscal
YTD Data
|
CGO
|
CHW
|
Ordinary
Income
|
$0.0000
|
$0.0047
|
Short-Term Capital
Gains
|
$0.0000
|
$0.0000
|
Long-Term Capital
Gains
|
$0.0800
|
$0.0000
|
Return of
Capital
|
$0.3200
|
$0.2453
|
Total Fiscal YTD
Distribution (Level Rate)
|
$0.4000
|
$0.2500
|
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
|
CHI
|
Current
Month
|
0.0950
|
|
0.0085
|
-
|
0.0865
|
-
|
|
9.0 %
|
0.0 %
|
91.0 %
|
0.0 %
|
|
Fiscal YTD
|
0.4750
|
|
0.0541
|
0.0697
|
0.3513
|
-
|
|
11.4 %
|
14.7 %
|
74.0 %
|
0.0 %
|
|
Net Asset
Value
|
10.20
|
|
|
|
|
|
|
|
|
|
|
CHY
|
Current
Month
|
0.1000
|
|
0.0081
|
-
|
0.0919
|
-
|
|
8.1 %
|
0.0 %
|
91.9 %
|
0.0 %
|
|
Fiscal YTD
|
0.5000
|
|
0.0529
|
0.0773
|
0.3698
|
-
|
|
10.6 %
|
15.5 %
|
74.0 %
|
0.0 %
|
|
Net Asset
Value
|
10.77
|
|
|
|
|
|
|
|
|
|
|
CSQ
|
Current
Month
|
0.1025
|
|
-
|
-
|
0.0073
|
0.0952
|
|
0.0 %
|
0.0 %
|
7.1 %
|
92.9 %
|
|
Fiscal YTD
|
0.5125
|
|
0.0328
|
0.0124
|
0.1435
|
0.3239
|
|
6.4 %
|
2.4 %
|
28.0 %
|
63.2 %
|
|
Net Asset
Value
|
13.61
|
|
|
|
|
|
|
|
|
|
|
CCD
|
Current
Month
|
0.1950
|
|
-
|
-
|
0.1950
|
-
|
|
0.0 %
|
0.0 %
|
100.0 %
|
0.0 %
|
|
Fiscal YTD
|
0.9750
|
|
0.0070
|
0.1817
|
0.7863
|
-
|
|
0.7 %
|
18.6 %
|
80.6 %
|
0.0 %
|
|
Net Asset
Value
|
19.94
|
|
|
|
|
|
|
|
|
|
|
CPZ
|
Current
Month
|
0.1400
|
|
0.0172
|
0.1228
|
-
|
-
|
|
12.3 %
|
87.7 %
|
0.0 %
|
0.0 %
|
|
Fiscal YTD
|
0.7000
|
|
0.0548
|
0.3652
|
0.1400
|
0.1400
|
|
7.8 %
|
52.2 %
|
20.0 %
|
20.0 %
|
|
Net Asset
Value
|
18.59
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note: NAV returns
are as of February 28, 2023 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
|
|
7.67 %
|
11.18 %
|
3.01 %
|
4.66 %
|
CHY
|
|
7.69 %
|
11.14 %
|
3.22 %
|
4.64 %
|
CSQ
|
|
9.08 %
|
9.04 %
|
3.03 %
|
3.77 %
|
CCD
|
|
9.02 %
|
11.74 %
|
2.47 %
|
4.89 %
|
CPZ
|
|
6.38 %
|
9.04 %
|
9.11 %
|
3.77 %
|
|
|
|
|
|
|
(1)
Since inception for CPZ
|
|
|
|
Note: NAV returns are
as of February 28, 2023, and Distribution Returns include the
distribution announced today.
|
While the NAV performance may be indicative of the Fund's
investment performance, it does not measure the value of a
shareholder's investment in the Fund. The value of a shareholder's
investment in the Fund is determined by the Fund's market price,
which is based on the supply and demand for the Fund's shares in
the open market. Past performance does not guarantee future
results.
Monthly distributions offer shareholders the opportunity to
accumulate more shares in a fund via the automatic dividend
reinvestment plan. For example, if a fund's shares are trading at a
premium, distributions will be automatically reinvested through the
plan at NAV or 95% of the market price, whichever is greater; if
shares are trading at a discount, distributions will be reinvested
at the market price through an open market purchase program. Thus,
the plan offers current shareholders an efficient method of
accumulating additional shares with a potential for cost savings.
Please see the dividend reinvestment plan for more information.
Important Notes about Performance and Risk
Past
performance is no guarantee of future results. As with other
investments, market price will fluctuate with the market and upon
sale, your shares may have a market price that is above or below
net asset value and may be worth more or less than your original
investment. Returns at NAV reflect the deduction of the Fund's
management fee, debt leverage costs and other expenses. You can
purchase or sell common shares daily. Like any other stock, market
price will fluctuate with the market. Upon sale, your shares may
have a market price that is above or below net asset value and may
be worth more or less than your original investment. Shares of
closed-end funds frequently trade at a discount which is a market
price that is below their net asset value.
About Calamos
Calamos Investments is a diversified
global investment firm offering innovative investment strategies
including alternatives, multi-asset, convertible, fixed income,
equity, and sustainable equity. The firm offers strategies through
separately managed portfolios, mutual funds, closed-end funds,
private funds, and UCITS funds. Clients include major corporations,
pension funds, endowments, foundations, and individuals, as well as
the financial advisors and consultants who serve them.
Headquartered in the Chicago
metropolitan area, the firm also has offices in New York, San
Francisco, Milwaukee,
Portland (Oregon), and the Miami area. For more information, please visit
us on LinkedIn, on Twitter @Calamos or at www.calamos.com.
*Calamos Investments LLC, referred to herein as Calamos
Investments® , is a financial services company offering such
services through its subsidiaries: Calamos Advisors LLC, Calamos
Wealth Management LLC, Calamos Investments LLP and Calamos
Financial Services LLC.
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SOURCE Calamos Investments