2008 Dividends Received Deduction

U.S. corporations are generally entitled to a deduction for dividends received from certain other domestic corporations. Accordingly, corporate mutual fund shareholders may exclude a portion of the ordinary dividend received from mutual fund investments to the same extent the fund receives certain domestic dividends.

Note that you may not take this deduction for a dividend on shares of a fund which have been held 46 days or less during the 91-day period beginning 45 days before the ex-dividend date.

The percentages in the following table show the portion of each fund's ordinary dividends for calendar year 2008 which qualifies for the dividends received deduction.

2008 Dividends Received Deduction

Domestic Equity
Open-End Mutual Funds (Class A, B, C, I and R shares)	Percent Qualifying for the Deduction
Growth Fund (CVGRX, CVGBX, CVGCX, CGRIX and CGRRX)	No Income Distribution
Growth and Income Fund (CVTRX, CVTYX, CVTCX, CGIIX and CGNRX )	76.83%
Value Fund (CVAAX, CVABX, CVACX, CVAIX and CVARX)	100.00%
Blue Chip Fund (CBCAX , CBCBX, CBXCX, CBCIX and CBCRX)	100.00%
Multi-Fund Blend Fund (CMQAX, CMQBX, CMQCX, CMQIX and CMQRX)	52.19%
130/30 Equity Fund (CELSX, CELBX, CELCX, CELIX and CELRX)	67.38%
Global/International
Global Growth and Income Fund (CVLOX, CVLDX, CVLCX, CGCIX and CVLRX)	21.67%
International Growth Fund (CIGRX, CIGBX, CIGCX, CIGIX and CIGFX)	No Income Distribution
Global Equity Fund (CAGEX, CBGEX, CCGEX, CIGEX and CRGEX)	10.39%
Evolving World Growth (CNWGX, CNWZX, CNWDX, CNWIX and CNWRX)	10.52%
Convertible
Convertible Fund (CCVIX, CALBX, CCVCX, CICVX and CCVRX)	60.29%
Alternative
Market Neutral Income Fund (CVSIX, CAMNX, CVSCX, CMNIX and CVSRX)	40.81%
Fixed Income
High Yield Fund (CHYDX, CAHBX, CCHYX, CIHYX and CHYRX)	13.85%
Total Return Bond Fund (CTRAX, CTXBX, CTRCX, CTRIX and CTRRX)	0.67%
Money Market
Government Money Market Fund (CVAXX, CVBXX, CVCXX and CGIXX)	0.00%
Closed-End Funds	Percent Qualifying for the Deduction
Enhanced Fixed Income
Convertible Opportunities and Income Fund (CHI)	10.63%
Convertible and High Income Fund (CHY)	10.43%
Global Enhanced Fixed Income
Global Dynamic Income Fund (CHW)	26.62%
Total Return
Strategic Total Return Fund (CSQ)	32.72%
Global Total Return
Global Total Return Fund (CGO)	13.44%

None of the information on this Web site should be considered legal or tax advice. You should consult your legal or tax advisor for information concerning your own specific tax situation.

For Open-End Mutual Funds:

Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus containing this and other information or call 800-582-6959. Read it carefully.

An investment in the Government Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, this share price is not guaranteed and you could lose money by investing in the Fund.

Calamos Financial Services LLC, Distributor