Calamos Closed-End Funds

Data as of 9/16/14
Fund NameCategoryMarket PriceNavPremium DiscountLatest DistributionDistribution Rate1Fact Sheet
Convertible Opportunities & Income Fund (CHI)Inception Date: 6/26/02

Objective

The Fund seeks total return through capital appreciation and current income by investing in a diversified portfolio of convertible securities and high yield corporate bonds.

Asset Allocation Role

Enhanced Fixed Income: May be suitable for investors who seek an alternative or complement to investment-grade, fixed income instruments.

Primary Asset Classes

  • High Yield Corporate Bonds
  • Convertible Securities
  • Common Stocks
U.S. Enhanced Fixed Income$13.81$13.532.07%$0.09508.25%
Convertible & High Income Fund (CHY)Inception Date: 5/28/03

Distribution Increase

Effective with the April 15, 2014 payable date, the monthly distribution for Calamos Convertible and High Income Fund (CHY) has been increased from $0.0850 per share to $0.1000 per share, a 17.6% increase from the previous month.

Objective

The Fund seeks total return through capital appreciation and current income by investing in a diversified portfolio of convertible securities and high yield corporate bonds.

Asset Allocation Role

Enhanced Fixed Income: May be suitable for investors who seek an alternative or complement to investment-grade, fixed income instruments.

Primary Asset Classes

  • High Yield Corporate Bonds
  • Convertible Securities
  • Common Stocks
U.S. Enhanced Fixed Income$14.33$14.320.07%$0.10008.37%
Global Dynamic Income Fund (CHW)Inception Date: 6/27/07

Distribution Increase

Effective with the April 15, 2014 payable date, the monthly distribution for Calamos Global Dynamic Income Fund (CHW) has been increased from $0.0620 per share to $0.0700 per share, a 12.9% increase from the previous month.

Objective

The Fund seeks to provide a high level of current income with a secondary objective of capital appreciation. The fund has maximum flexibility to dynamically allocate among equities, fixed income securities and alternative investments around the world.

Asset Allocation Role

Global Enhanced Fixed Income: May be suitable for investors who seek high current/monthly income, capital appreciation, access to global markets, greater portfolio diversification and a fixed-income investment alternative.

Primary Asset Classes

  • U.S. Common Stocks
  • International Common Stocks
  • Preferred Stocks
  • Convertible Securities
  • High Yield Bonds
  • Fixed Income Instruments: Libor Plus Strategies
  • Investment-Grade Credit with Active Management Overlay
Global Enhanced Fixed Income$9.46$10.14-6.71%$0.07008.88%
Strategic Total Return Fund (CSQ)Inception Date: 3/26/04

Distribution Increase

Effective with the April 15, 2014 payable date, the monthly distribution for Calamos Strategic Total Return Fund (CSQ) has been increased from $0.0700 per share to $0.0825 per share, a 17.9% increase from the previous month.

Objective

The Fund seeks total return through a combination of capital appreciation and current income by investing in a diversified portfolio of equities, convertible securities and high yield corporate bonds.

Asset Allocation Role

Total Return: May be suitable for investors who seek to participate in long-term upward trends of the equity markets but with the added benefit - and potential downside protection - of a stable monthly distribution.

Primary Asset Classes

  • Common Stocks
  • High Yield Corporate Bonds
  • Convertible Securities
U.S. Total Return$12.02$12.58-4.45%$0.08258.24%
Global Total Return Fund (CGO)Inception Date: 10/27/05

Objective

The Fund seeks total return through a combination of capital appreciation and current income by investing in a globally diversified portfolio of equities, convertible securities and high yield corporate bonds.

Asset Allocation Role

Global Total Return: May be suitable for investors who seek to participate in long-term upward trends of the global equity markets but with the added benefit - and potential downside protection - of a stable monthly distribution.

Primary Asset Classes

  • Global Common Stocks
  • Global High Yield Corporate Bonds
  • Global Convertible Securities
Global Total Return$14.27$14.58-2.13%$0.10008.41%

1 Current Annualized Distribution Rate is the Fund’s most recent distribution, expressed as an annualized percentage of the Fund’s current market price per share.

The Convertible Opportunities & Income Fund’s (CHI) most recent distribution was $0.0950 per share.

The Convertible & High Income Fund’s (CHY) most recent distribution was $0.1000 per share.

The Global Dynamic Income Fund’s (CHW) most recent distribution was $0.0700 per share.

The Strategic Total Return Fund’s (CSQ) most recent distribution was $0.0825 per share.

The Global Total Return Fund’s (CGO) most recent distribution was $0.1000 per share.

Estimates are calculated on a tax basis rather than on a generally accepted accounting principles (GAAP) basis, but should not be used for tax reporting purposes. Distributions are subject to re-characterization for tax purposes after the end of the fiscal year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters. Under the Fund’s level rate distribution policy, distributions paid to common shareholders may include net investment income, net realized short-term capital gains and return of capital. When the net investment income and net realized short-term capital gains are not sufficient, a portion of the level rate distribution will be a return of capital. In addition, a limited number of distributions per calendar year may include net realized long-term capital gains. Distribution rate may vary.

Market Price is the price that the fund closed at on the primary listing exchange on the as of date referenced above.

NAV is the net asset value of the fund on the as of date referenced above and equals the value of all the fund's assets (less liabilities) divided by the number of shares outstanding.

Premium/Discount is the percentage difference between the net asset value of a fund and the market price.

Past Performance
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. 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 market price that is below their net asset value.

Important Fund Information The Global Total Return and Global Dynamic Income Funds may invest up to 100% of their assets in foreign securities and invest in an array of security types and market-cap sizes, each of which has a unique risk profile. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities. These include fluctuations in currency exchange rates, increased price volatility, and difficulty obtaining information.

Investments by the Funds in lower-rated securities involve substantial risk of loss and present greater risks than investments in higher-rated securities, including less liquidity and increased price sensitivity to changing interest rates and to a deteriorating economic environment.

There are certain risks associated with an investment in a convertible bond such as default risk--that the company issuing a convertible security may be unable to repay principal and interest--and interest rate risk--that the convertible may decrease in value if interest rates increase.

Fixed-income securities are subject to interest rate risk; as interest rates go up, the value of the debt securities in the Fund's portfolio generally will decline.

Global Total Return and Global Dynamic Income Funds may invest in derivative securities. The use of derivatives presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. There is no assurance that any derivative strategy used by the Funds will succeed. One of the risks associated with purchasing an option is that the Funds pay a premium whether or not an option is exercised.

Shares of closed-end funds frequently trade at a market price that is below their net asset value.

Leverage creates risks which may adversely affect return, including the likelihood of greater volatility of net asset value and market price of common shares; and fluctuations in dividend rates on any preferred shares.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE