NAPERVILLE, Illinois., October 1, 2021 / PRNewswire / – Calamos Investments® * announced the monthly distributions and the sources of distributions paid in October 2021 to the shareholders of its seven closed-end funds (the Funds) in accordance with the respective distribution plans of the Funds.

Funds

Distribution

Payment date

Registration Date

Ex-dividend date

CHI (creation 06/26/2002)

Calamos Convertible Income and Opportunity Fund

$ 0.0950

20/10/21

12/10/21

08/10/21

CHY (creation 05/28/2003)

Calamos High Income Convertible Fund

$ 0.1000

20/10/21

12/10/21

08/10/21

CSQ (creation 03/26/2004)

Calamos Strategic Total Return Fund

$ 0.1025

20/10/21

12/10/21

08/10/21

CGO (creation 10/27/2005)

Calamos Global Total Return Fund

$ 0.1000

20/10/21

12/10/21

08/10/21

ASC (creation 06/27/2007)

Calamos Global Dynamic Income Fund

$ 0.0700

20/10/21

12/10/21

08/10/21

CCD (creation 03/27/2015)

Dynamic Calamos Convertible and Income Fund

$ 0.1950

20/10/21

12/10/21

08/10/21

CPZ (creation 29/11/2019)

Calamos Long / Short Equity & Dynamic Income Trust

$ 0.1400

20/10/21

12/10/21

08/10/21

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

Distribution components for October 2021 payment date

CGO

ASC

Ordinary income

$ 0.1000

$ 0.0000

Long-term capital gains

$ 0.0000

$ 0.0700

Repayment of capital

$ 0.0000

$ 0.0000

Total distribution (level rate)

$ 0.1000

$ 0.0700




Data for the current year 2021

CGO

ASC

Ordinary income

$ 1.2000

$ 0.7700

Long-term capital gains

$ 0.0000

$ 0.0700

Repayment of capital

$ 0.0000

$ 0.0000

Total tax distribution for the current year (level rate)

$ 1.2000

$ 0.8400

Regarding the remaining five closed-end funds of Calamos, which operate under a managed distribution policy: The information below is required by an exemption order granted to the Funds by the United States Securities and Exchange Commission and include information sent to shareholders regarding the sources of Fund Distributions.

The following table shows the estimated amount of distribution sources for the purposes of section 19 of the Investment Companies Act 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 (i) to net investment income for the current year and to the previous year, (ii) to the net capital gain realized at short term, (iii) net income long term realized capital gain and (iv) return of capital or other source of capital as a percentage of the total amount of the distribution. These percentages are disclosed for the current distribution together with the cumulative year-to-date distribution amount per common share for the Funds. The following table provides estimates of the sources of distribution of each Fund, reflecting the cumulative experience since the beginning of the year. The Funds allocate these estimates equally to each regular distribution throughout the year.












Estimated sources of distribution per share


Estimated Percentage of Distribution














Funds


Distribution per share


Net revenue

Short term gains

Long-term gains

Repayment of capital


Net revenue

Short term gains

Long-term gains

Repayment of capital

CHI

Current month

0.0950


0.0950


0.0%

100.0%

0.0%

0.0%


Fiscal year

1.0950


0.2218

0.8732


20.3%

79.7%

0.0%

0.0%


Net asset value

02/15











CHY

Current month

0.1000


0.1000


0.0%

100.0%

0.0%

0.0%


Fiscal year

1.1550


0.2273

0.9277


19.7%

80.3%

0.0%

0.0%


Net asset value

15.86











CSQ

Current month

0.1025


0.1025


0.0%

100.0%

0.0%

0.0%


Fiscal year

1.2000


0.1704

0.2662

0.7634


14.2%

22.2%

63.6%

0.0%


Net asset value

17.42











CCD

Current month

0.1950


0.1950


0.0%

100.0%

0.0%

0.0%


Fiscal year

2.2560


0.0827

2.1733


3.7%

96.3%

0.0%

0.0%


Net asset value

30.48











CPZ

Current month

0.1400


0.1400


0.0%

0.0%

100.0%

0.0%


Fiscal year

1.5600


0.2600

1.1594

0.1406


16.7%

74.3%

9.0%

0.0%


Net asset value

21.82












Note: Net asset value returns are as of September 30, 2021 and distribution returns include the distribution announced today.

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

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

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

The performance figures provided below are based on the change in the net asset value per share (“NAV”) of the Fund, compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last day of the month preceding the return. ‘registration of the distribution. Dated.









annualized









Funds


5 years
Return on net asset value (1)

Fiscal year
VL Dist Rate

Fiscal year
Return on net asset value

Fiscal year
VL Dist Rate

CHI


16.97%

7.29%

28.37%

7.29%

CHY


16.94%

7.28%

28.53%

7.28%

CSQ


18.11%

6.89%

39.85%

6.89%

CCD


19.45%

7.40%

30.56%

7.40%

CPZ


13.15%

7.15%

34.59%

7.15%


1Since the creation of CPZ

Note: Net asset value returns are as of September 30, 2021 and distribution returns include the distribution announced today.

Although the performance of the net asset value may be indicative of the performance of the Fund’s investments, 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 market price of the Fund, which is based on the supply of and demand for shares of the Fund in the open market. Past performance is no guarantee of future results.

Monthly distributions give shareholders the opportunity to accumulate more shares in a fund through the automatic dividend reinvestment plan. For example, if a fund’s shares trade at a premium, distributions will automatically be reinvested into the plan at net asset value or 95% of market price, whichever is greater; if the shares are trading at a discount, distributions will be reinvested at market price as part of an open market purchase program. Thus, the plan offers current shareholders an efficient method to accumulate additional shares with the potential for savings. Please see the dividend reinvestment plan for more information.

Important Notes on Performance and Risks
Past performance is no guarantee of future results. As with other investments, the market price will fluctuate with the market and when sold, your shares may be priced above or below the NAV and worth more or less than your original investment. Returns at NAV reflect the deduction of Fund management fees, costs of debt and other expenses. You can buy or sell common stocks daily. Like any other stock, the market price will fluctuate with the market. When sold, your shares may have a market price higher or lower than the NAV and be worth more or less than your initial investment. Closed-end fund stocks frequently trade for less than their net asset value.

About Calamos
Calamos Investments is a diversified global investment firm offering innovative investment strategies including alternatives, multi-assets, convertibles, fixed income and equities. The company offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds and UCITS funds. Clients include large corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Based in the Chicago metropolitan area, the firm also has offices in new York, San Francisco, Milwaukee, and the Miami Region. For more information, please visit www.calamos.com.

* Calamos Investments LLC, hereinafter referred to 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.

SOURCE Calamos Investments

Related links

http://www.calamos.com


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