Calamos Convertible Resource Center
Calamos announces the temporary re-opening of its cornerstone Convertible Fund. The resources below will help you learn about the potential benefits of convertible securities and what role they may play in your portfolio.
See publications recently highlighting Calamos' convertible expertise.
In the May 11, 2009 broadcast of Bloomberg TV's "Bloomberg News," John P. Calamos, Sr., spoke about the favorable conditions he's seeing in the convertible market.
While the broad universe of convertibles and stocks are no longer priced at deep discounts, we believe there are pockets of undervaluation which may provide opportunities.
Investor Education
- The Calamos Approach to Convertibles
- A comprehensive overview of Convertible Securities
- A Convertible Securities Primer
- How Convertibles combine the advantages of stocks and bonds in one investment
- Book Excerpts from Convertible Securities: The Latest Instruments, Portfolio Strategies and Valuation Analysis, by John P. Calamos, Sr.
- Calamos has written the book (literally) on Convertible securities. Read through a series of excerpts from John P. Calamos, Sr.'s classic
- A History of Strong Long-Term Performance
- A look at the risk/reward profile of Calamos Convertible Strategies over the last decade
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QUESTIONS?Please contact us at 800-582-6959 (Monday-Friday, 8 a.m. to 6 p.m. central time) or email us at caminfo@calamos.com |
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Market Outlook & Commentary
- Historic Opportunities in the Convertibles Market
- Calamos, a convertible securities pioneer in 1977, takes an in-depth look at the unprecedented valuation opportunities it is seeing in the current convertibles market for investors who can look beyond the current crisis.
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- Market Review and Outlook, April 2009
- By Co-Chief Investment Officers John P. Calamos, Sr. and Nick P. Calamos, CFA
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The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions and may not necessarily come to pass. Information contained herein is for informational purposes only should not be considered investment advice.
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.
Important Information About Risk
All Funds: In addition to market risk, there are certain other risks associated with an investment in a convertible bond, such as default risk, the risk that the company issuing debt securities will be unable to repay principal and interest, and interest rate risk, the risk that the security may decrease in value if interest rates increase.
Calamos Convertible Fund and Calamos Growth and Income Fund: You should also know that the Fund may invest up to 25% of its assets in the securities of foreign issuers. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility, and difficulty obtaining information.
Calamos Market Neutral Income Fund: Convertible Arbitrage—Convertible arbitrage entails risks associated with equity securities, short sales and fixed income securities, including convertible securities. Proper correlation must be used to provide a proper safeguard in hedging the risks inherent in the positions.
Short Sale Risk—The Fund engages in short sales of convertible securities' underlying stock, which may increase volatility and portfolio turnover. Short sale risk includes the risk of loss due to increase in the market value of borrowed securities between the date of short sale and the date the Fund replaces the security.
Option Risk—As the writer of a covered call option on a security, the Fund foregoes, during the option's life, the opportunity to profit from increases in the market value of the security, covering the call option above the sum of the premium and the exercise price of the call.
Calamos High Yield Fund: The Fund invests in lower-rated securities, which present greater risks than investments in higher-rated securities. This is because there is a greater likelihood that the company issuing the lower-rated securities may default on income and principal payments.
In addition to market risk, there are certain risks associated with an investment in the Fund, such as default risk, the risk that the company issuing debt securities will be unable to repay principal and interest, and interest rate risk, the risk that the security may decrease in value if interest rates increase.
You should also know that the Fund may invest up to 25% of its assets in the securities of foreign issuers. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility, and difficulty obtaining information.
NOT FDIC INSURED 
NO BANK GUARANTEE MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
7670 0509O R