In the following question and answer interviews, the Calamos investment team, led by Co-Chief Investment Officers John P. Calamos, Sr. and Nick P. Calamos, look back on the year 2006 to discuss:
- Economic and market events
- Fund Performance
- Each fund's strategy and how well it worked
Looking ahead, they share their outlook regarding economic and market trends and describe how they are positioning the funds to capitalize on potential opportunities.
Calamos Closed-End Funds Q&As
2006 General Economic and Market Review Relative to CEFs
Calamos Convertible Opportunities and Income Fund (CHI)
Calamos Convertible and High Income Fund (CHY)
Calamos Strategic Total Return Fund (CSQ)
Calamos Global Total Return Fund (CGO)
^ We have changed the fiscal year of our mutual funds from March 31 to October 31. Therefore, these Q&As and the Economic and Market Review cover a seven-month period, from April 1, 2006, through October 31, 2006. We believe this new fiscal year-end is in the best interest of shareholders because it will simplify mutual fund tax planning and increase efficiencies.
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.
Calamos Financial Services LLC, Distributor