CPZ

Calamos Long/Short Equity & Dynamic Income Trust

Fund Stats

  • NAV

    $20.29

    $0.00 (0.00%)

    As of 12/3/21

  • Annual Distribution Rate

    8.97%

    As of 12/3/21

  • Inception Date

    11/29/19

Key Features

  • Seeks to provide hedged market exposure built around Calamos' time-tested global long/short equity strategy.
  • Designed to offer an attractive monthly distribution, supported by a multi-asset income strategy structured to be potentially less vulnerable to volatile financial markets.
  • Actively manages risk with dynamic asset allocation and adjustment of net equity exposure.
  • Leverages Calamos Investments' extensive experience in risk-managed equity investments, innovative income-oriented strategies, and alternative products.

Portfolio Fit

The fund may be appropriate for risk-conscious investors who want to put capital to work in pursuit of income and capital appreciation.

Fees & Expenses

As of 10/31/21
Expense %
Management Fee 1.35%
Leverage Fee 0.10%
Other Expenses 0.55%
Dividend and Interest Expense on Short Sales 0.47%
Total 2.47%

Fund Data

As of 10/31/21
Name Fund
Managed Assets $542,482,727
Total Common Share Assets $422,482,727
Shares Outstanding 19,632,194
Average Daily Volume (month) 51,963
Total Percent Leveraged 22.12%
Debt Coverage Ratio 452%
Leverage Assets $120,000,000
Debt Leverage $120,000,000

Fund Details

As of 12/3/21
Market Price: $18.72
NAV: $20.29
Premium/Discount: -7.74%
Market Change: $-0.48
Annual Dist: 8.97%
Latest Dist: $0.1400
Ticker: CPZ
NAV Ticker: XCPZX
IPO Date: 11/26/19
IPO Share Price: $20.00
IPO NAV: $20.00

Data & Distribution

Distribution History

As of 10/31/21
Date Amount
12/31/2019 12:00:00 AM 0.0422
2/14/2020 12:00:00 AM 0.11
3/13/2020 12:00:00 AM 0.11
4/14/2020 12:00:00 AM 0.11
5/13/2020 12:00:00 AM 0.11
6/12/2020 12:00:00 AM 0.11
7/13/2020 12:00:00 AM 0.11
8/14/2020 12:00:00 AM 0.11
9/14/2020 12:00:00 AM 0.11
10/14/2020 12:00:00 AM 0.11
11/13/2020 12:00:00 AM 0.11
12/14/2020 12:00:00 AM 0.12
12/31/2020 12:00:00 AM 0.12
2/12/2021 12:00:00 AM 0.13
3/12/2021 12:00:00 AM 0.13
4/14/2021 12:00:00 AM 0.13
5/14/2021 12:00:00 AM 0.13
6/14/2021 12:00:00 AM 0.13
7/13/2021 12:00:00 AM 0.14
8/13/2021 12:00:00 AM 0.14
9/14/2021 12:00:00 AM 0.14
10/12/2021 12:00:00 AM 0.14
11/12/2021 12:00:00 AM 0.14
12/14/2021 12:00:00 AM 0.14

Cumulative Distribution History

As of 10/31/21
Date Cumulative Distribution
12/31/2019 12:00:00 AM 0.0422
2/14/2020 12:00:00 AM 0.1522
3/13/2020 12:00:00 AM 0.2622
4/14/2020 12:00:00 AM 0.3722
5/13/2020 12:00:00 AM 0.4822
6/12/2020 12:00:00 AM 0.5922
7/13/2020 12:00:00 AM 0.7022
8/14/2020 12:00:00 AM 0.8122
9/14/2020 12:00:00 AM 0.9222
10/14/2020 12:00:00 AM 1.0322
11/13/2020 12:00:00 AM 1.1422
12/14/2020 12:00:00 AM 1.2622
12/31/2020 12:00:00 AM 1.3822
2/12/2021 12:00:00 AM 1.5122
3/12/2021 12:00:00 AM 1.6422
4/14/2021 12:00:00 AM 1.7722
5/14/2021 12:00:00 AM 1.9022
6/14/2021 12:00:00 AM 2.0322
7/13/2021 12:00:00 AM 2.1722
8/13/2021 12:00:00 AM 2.3122
9/14/2021 12:00:00 AM 2.4522
10/12/2021 12:00:00 AM 2.5922
11/12/2021 12:00:00 AM 2.7322
12/14/2021 12:00:00 AM 2.8722
Press Releases

Year to Date Distribution Detail

Month Ex Date Payable Date Distribution Ordinary Income Short-Term Capital Gains Long-Term Capital Gains Return of Capital
December 12/13/2021 12/20/2021 $0.1400 0.0148 0.0000 0.1252 0.0000
November 11/10/2021 11/19/2021 $0.1400 0.0000 0.0000 0.1400 0.0000
October 10/08/2021 10/20/2021 $0.1400 0.0000 0.0000 0.1400 0.0000
September 09/13/2021 09/20/2021 $0.1400 0.0418 0.0982 0.0000 0.0000
August 08/12/2021 08/20/2021 $0.1400 0.0152 0.1248 0.0000 0.0000
July 07/12/2021 07/20/2021 $0.1400 0.0209 0.1191 0.0000 0.0000
June 06/11/2021 06/18/2021 $0.1300 0.0162 0.1138 0.0000 0.0000
May 05/13/2021 05/20/2021 $0.1300 0.0272 0.1028 0.0000 0.0000
April 04/13/2021 04/20/2021 $0.1300 0.0111 0.1189 0.0000 0.0000
March 03/11/2021 03/19/2021 $0.1300 0.0000 0.1300 0.0000 0.0000
February 02/11/2021 02/19/2021 $0.1300 0.0000 0.1300 0.0000 0.0000

Ordinary income includes net investment income and short-term capital gains. The distribution tables provided here are for informational purposes only. 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 may be subject to re-characterization for tax purposes after the end of the fiscal year. Individual (non-corporate) shareholders with taxable accounts will receive written notification regarding the components and tax treatment for distributions via Form 1099-DIV. If your distributions are reinvested in additional shares, you will receive a statement reflecting the reinvestment of the distribution. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters.

2020 Distribution Detail

For final tax characterization of distributions click here.

Performance

Annualized Total Returns

As of 10/31/21
TimeFrame CPZ Market Price CPZ NAV
1 Month 2.3 -0.76
1 Year 58.49 33.57
Since Inception 9.83 12.09

Calendar Year Total Returns

As of 10/31/21
Date CPZ Market Price CPZ NAV
YTD 2021 25.96 11.07
2020 -3.28 11.09
2019* -1.74 0.91

*Reflects the fund's return from the inception date of 11/29/2019 through 12/31/2019.

Important Fund Information

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value of an investment will fluctuate so that your shares, when sold, may be worth more or less than their original cost. Returns at NAV reflect the deduction of the Fund's management fee, debt leverage costs and other expenses, which can be found on the fund overview tab.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 discount which is a market price that is below their net asset value.

Average annual return measures net investment income and capital gain or loss from portfolio investments as an annualized average, assuming reinvestment of income and capital gain distributions. In calculating net investment income, all applicable fees and expenses are deducted from the returns. Calendar year returns measure net investment income and capital gain or loss from portfolio investments for each period specified.

Limited Term Risk. Unless the limited term provision of the Fund's Declaration of Trust is amended by shareholders in accordance with the Declaration of Trust, or unless the Fund completes the Eligible Tender Offer and converts to perpetual existence, the Fund will dissolve on the Dissolution Date. The Fund is not a so called "target date" or "life cycle" fund whose asset allocation becomes more conservative over time as its target date, often associated with retirement, approaches. In addition, the Fund is not a "target term" fund whose investment objective is to return its original NAV on the Dissolution Date. The Fund's investment objective and policies are not designed to seek to return to investors that purchase Shares in this offering their initial investment of $20.00 per Share on the Dissolution Date or in the Eligible Tender Offer, and such investors and investors that purchase Shares after the completion of this offering may receive more or less than their original investment upon dissolution or in the Eligible Tender Offer.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Pricing

Share Price / NAV History

As of 12/3/21
Date NAV Price
11/29/2019 20 20
12/2/2019 20 19.9
12/3/2019 19.99 19.95
12/4/2019 20 19.92
12/5/2019 20 19.96
12/6/2019 20.03 19.6
12/9/2019 20.03 19.88
12/10/2019 20.04 19.83
12/11/2019 20.05 19.9
12/12/2019 20.06 20
12/13/2019 20.12 19.96
12/16/2019 20.15 20.01
12/17/2019 20.14 20
12/18/2019 20.15 20
12/19/2019 20.15 20.39
12/20/2019 20.14 20.27
12/23/2019 20.16 20.09
12/24/2019 20.16 19.74
12/26/2019 20.17 19.67
12/27/2019 20.18 19.69
12/30/2019 20.12 19.81
12/31/2019 20.14 19.61
1/2/2020 20.15 19.7
1/3/2020 20.14 19.67
1/6/2020 20.16 19.75
1/7/2020 20.14 20.14
1/8/2020 20.13 19.84
1/9/2020 20.12 20.06
1/10/2020 20.11 20.03
1/13/2020 20.09 19.99
1/14/2020 20.09 19.84
1/15/2020 20.08 19.9
1/16/2020 20.08 19.94
1/17/2020 20.08 19.82
1/21/2020 20.04 19.71
1/22/2020 20.03 19.47
1/23/2020 20.03 19.35
1/24/2020 20.05 19.4
1/27/2020 20 19.4
1/28/2020 20.02 19.42
1/29/2020 20.04 19.45
2/3/2020 19.85 19.36
2/4/2020 19.9 19.65
2/5/2020 19.95 19.65
2/6/2020 19.95 19.4
2/7/2020 19.92 19.36
2/10/2020 19.94 19.4
2/11/2020 19.99 19.5
2/12/2020 20.03 19.48
2/13/2020 19.91 19.33
2/14/2020 19.85 19.38
2/18/2020 19.79 19.44
2/19/2020 19.78 19.34
2/20/2020 19.75 19.3
2/21/2020 19.73 18.97
2/24/2020 19.49 18.4
2/25/2020 19.31 18.02
2/26/2020 19.26 18.25
2/27/2020 18.99 18.19
2/28/2020 18.85 18.24
3/2/2020 18.96 17.84
3/3/2020 18.9 17.61
3/4/2020 19.18 18.09
3/5/2020 18.77 18.1
3/6/2020 18.49 17.98
3/9/2020 17.34 16.1
3/10/2020 17.61 16.26
3/11/2020 17.04 15.05
3/12/2020 15.4 14.04
3/13/2020 15.87 13.84
3/16/2020 14.26 11.24
3/17/2020 14.37 12.07
3/18/2020 13.08 9.64
3/19/2020 13.37 11.16
3/20/2020 13.62 10.91
3/23/2020 13.36 11.05
3/24/2020 14.6 11.8
3/25/2020 15.5 12.55
3/26/2020 16.26 13.81
3/27/2020 15.71 14.39
3/30/2020 15.88 14.39
3/31/2020 15.89 14.44
4/1/2020 15.2 13.84
4/2/2020 15.39 13.18
4/3/2020 15.01 13.34
4/6/2020 15.7 13.95
4/7/2020 16.12 13.66
4/8/2020 16.63 14.14
4/9/2020 17.17 15.54
4/13/2020 16.96 14.9
4/14/2020 17.11 14.87
4/15/2020 16.62 14.75
4/16/2020 16.43 14.16
4/17/2020 17.06 14.46
4/20/2020 16.79 14.5
4/21/2020 16.41 14.44
4/22/2020 16.54 14.9
4/23/2020 16.71 14.45
4/24/2020 16.7 14.36
4/27/2020 16.97 14.21
4/28/2020 17.26 14.25
4/29/2020 17.94 14.92
4/30/2020 17.61 15.23
5/1/2020 17.15 15.11
5/4/2020 17.17 15.02
5/5/2020 17.13 14.96
5/6/2020 16.91 14.99
5/7/2020 17.16 15
5/8/2020 17.48 14.98
5/11/2020 17.23 15.16
5/12/2020 16.78 14.97
5/13/2020 16.38 14.33
5/14/2020 16.35 14.1
5/15/2020 16.25 13.9
5/18/2020 17.01 14.33
5/19/2020 16.95 14.78
5/20/2020 17.25 14.86
5/21/2020 17.26 14.65
5/22/2020 17.22 14.84
5/26/2020 17.83 15
5/27/2020 18.17 15.18
5/28/2020 18.04 15.57
5/29/2020 17.96 15.68
6/1/2020 18.27 15.69
6/2/2020 18.52 15.68
6/3/2020 19.14 16.18
6/4/2020 19.29 16.43
6/5/2020 19.97 17.12
6/8/2020 20.44 17.73
6/9/2020 19.9 17.56
6/10/2020 19.45 17.26
6/11/2020 18.16 16.2
6/12/2020 18.61 16.48
6/15/2020 18.67 16.62
6/16/2020 18.93 16.99
6/17/2020 18.72 16.82
6/18/2020 18.7 16.3
6/19/2020 18.52 16.2
6/22/2020 18.58 16.17
6/23/2020 18.65 16.16
6/24/2020 18.09 15.6
6/25/2020 18.21 15.67
6/26/2020 17.87 15.09
6/29/2020 18.05 15.37
6/30/2020 18.08 15.5
7/1/2020 18.04 15.35
7/2/2020 18.2 15.24
7/6/2020 18.35 15.39
7/7/2020 17.96 15.28
7/8/2020 18.02 15.41
7/9/2020 17.71 15.36
7/10/2020 17.83 15.1
7/13/2020 17.78 15.2
7/14/2020 17.85 15.06
7/15/2020 18.25 15.5
7/16/2020 18.15 15.87
7/17/2020 18.17 15.53
7/20/2020 18.08 15.63
7/21/2020 18.35 15.73
7/22/2020 18.38 15.66
7/23/2020 18.28 15.6
7/24/2020 18.19 15.74
7/27/2020 18.1 15.56
7/28/2020 18.14 15.19
7/29/2020 18.31 15.42
7/30/2020 18.06 15.34
7/31/2020 17.89 15.29
8/3/2020 17.99 15.2
8/4/2020 18.11 15.23
8/5/2020 18.24 15.88
8/6/2020 18.27 15.75
8/7/2020 18.32 15.96
8/10/2020 18.62 15.92
8/11/2020 18.78 16.14
8/12/2020 18.79 16.44
8/13/2020 18.51 16.33
8/14/2020 18.54 16.18
8/17/2020 18.45 16.14
8/18/2020 18.35 16.13
8/19/2020 18.28 16.01
8/20/2020 18.21 15.86
8/21/2020 18.18 15.86
8/24/2020 18.44 15.9
8/25/2020 18.45 15.78
8/26/2020 18.41 15.65
8/27/2020 18.48 15.54
8/28/2020 18.66 15.7
8/31/2020 18.46 15.61
9/1/2020 18.33 15.59
9/2/2020 18.46 15.57
9/3/2020 18.41 15.2
9/4/2020 18.47 15.08
9/8/2020 18.31 14.88
9/9/2020 18.36 15.1
9/10/2020 18.25 15.25
9/11/2020 18.18 15.15
9/14/2020 18.39 15.54
9/15/2020 18.35 15.33
9/16/2020 18.55 15.33
9/17/2020 18.53 15.24
9/18/2020 18.35 15.18
9/21/2020 17.85 14.82
9/22/2020 17.81 14.64
9/23/2020 17.57 14.29
9/24/2020 17.51 14
9/25/2020 17.57 14.05
9/28/2020 17.84 14.51
9/29/2020 17.69 14.39
9/30/2020 17.71 14.52
10/1/2020 17.73 14.63
10/2/2020 17.89 14.46
10/5/2020 18 14.79
10/6/2020 18 14.91
10/7/2020 18.07 15.25
10/8/2020 18.27 15.04
10/9/2020 18.29 15.22
10/12/2020 18.27 15.44
10/13/2020 17.88 15.22
10/14/2020 17.9 15.28
10/15/2020 17.82 15.15
10/16/2020 17.85 15.04
10/19/2020 17.75 15.03
10/20/2020 17.89 15.18
10/21/2020 17.85 15.03
10/22/2020 18.08 15.13
10/23/2020 18.25 14.88
10/26/2020 17.96 14.73
10/27/2020 17.64 14.69
10/28/2020 17.21 14.08
10/29/2020 17.36 14.43
10/30/2020 17.44 14.13
11/2/2020 17.59 14.4
11/3/2020 17.93 14.63
11/4/2020 18.03 15.04
11/5/2020 18.28 15.09
11/6/2020 18.17 15.17
11/9/2020 19.56 15.48
11/10/2020 19.9 16.03
11/11/2020 19.83 16.42
11/12/2020 19.54 16.38
11/13/2020 19.88 16.48
11/16/2020 20.32 16.71
11/17/2020 20.33 16.69
11/18/2020 20.21 16.87
11/19/2020 20.27 16.92
11/20/2020 20.1 17.01
11/23/2020 20.38 17.16
11/24/2020 20.8 17.31
11/25/2020 20.61 17.26
11/27/2020 20.48 17.37
11/30/2020 20.13 17.18
12/1/2020 20.43 17.33
12/2/2020 20.58 17.45
12/3/2020 20.79 17.58
12/4/2020 21.06 17.94
12/7/2020 20.82 17.84
12/8/2020 20.83 17.86
12/9/2020 20.88 17.86
12/10/2020 20.82 17.98
12/11/2020 20.5 17.59
12/14/2020 20.45 17.51
12/15/2020 20.67 17.64
12/16/2020 20.65 17.6
12/17/2020 20.69 17.75
12/18/2020 20.49 17.62
12/21/2020 20.35 17.22
12/22/2020 20.29 17.13
12/23/2020 20.56 17.27
12/24/2020 20.64 17.31
12/28/2020 20.68 17.52
12/29/2020 20.62 17.55
12/30/2020 20.52 17.37
12/31/2020 20.56 17.43
1/4/2021 20.31 17.67
1/5/2021 20.44 17.45
1/6/2021 20.73 17.86
1/7/2021 20.62 18.42
1/8/2021 20.56 18.26
1/11/2021 20.4 17.76
1/12/2021 20.52 17.89
1/13/2021 20.4 17.98
1/14/2021 20.61 17.92
1/15/2021 20.43 17.65
1/19/2021 20.51 18.28
1/20/2021 20.58 18.14
1/21/2021 20.39 18.47
1/22/2021 20.28 18.02
1/25/2021 20.1 17.8
1/26/2021 20.02 17.65
1/27/2021 19.78 17.3
1/28/2021 20.01 17.55
1/29/2021 19.77 17.4
2/1/2021 19.88 17.87
2/2/2021 20.15 18.07
2/3/2021 20.39 17.84
2/4/2021 20.51 18.06
2/5/2021 20.66 18.07
2/8/2021 20.78 18.44
2/9/2021 20.73 18.23
2/10/2021 20.86 18.27
2/11/2021 20.6 18.18
2/12/2021 20.67 18.21
2/16/2021 20.88 18.16
2/17/2021 20.93 18.59
2/18/2021 20.87 18.55
2/19/2021 21.04 18.39
2/22/2021 21.37 18.57
2/23/2021 21.67 18.85
2/24/2021 21.94 19
2/25/2021 21.7 18.54
2/26/2021 21.52 18.31
3/1/2021 21.62 18.67
3/2/2021 21.74 18.64
3/3/2021 22.01 18.96
3/4/2021 21.98 18.97
3/5/2021 22.2 19.32
3/8/2021 22.42 19.54
3/9/2021 22.21 19.55
3/10/2021 22.31 19.72
3/11/2021 22.25 19.47
3/12/2021 22.4 19.56
3/15/2021 22.49 19.71
3/16/2021 22.43 19.76
3/17/2021 22.48 19.91
3/18/2021 22.39 19.8
3/19/2021 22.38 19.75
3/22/2021 22.3 19.89
3/23/2021 22.11 19.73
3/24/2021 22.25 19.85
3/25/2021 22.44 19.9
3/26/2021 22.62 19.9
3/29/2021 22.55 19.85
3/30/2021 22.63 19.96
3/31/2021 22.51 20.11
4/1/2021 22.67 20.02
4/5/2021 22.81 20.02
4/6/2021 22.79 20.14
4/7/2021 22.82 20.15
4/8/2021 22.85 20.4
4/9/2021 22.84 20.68
4/12/2021 22.82 20.35
4/13/2021 22.63 20.14
4/14/2021 22.67 20.24
4/15/2021 22.73 20.36
4/16/2021 22.74 20.35
4/19/2021 22.74 20.35
4/20/2021 22.46 20.12
4/21/2021 22.59 20.12
4/22/2021 22.55 20.25
4/23/2021 22.71 20.61
4/26/2021 22.77 20.49
4/27/2021 22.93 20.64
4/28/2021 23.1 20.78
4/29/2021 23.09 20.74
4/30/2021 22.92 20.74
5/3/2021 23.01 20.74
5/4/2021 22.9 20.6
5/5/2021 23.02 20.62
5/6/2021 22.96 20.6
5/7/2021 22.98 20.69
5/10/2021 22.99 20.75
5/11/2021 22.77 20.53
5/12/2021 22.57 20.3
5/13/2021 22.5 20.36
5/14/2021 22.79 20.44
5/17/2021 22.85 20.69
5/18/2021 22.79 20.66
5/19/2021 22.69 20.68
5/20/2021 22.74 20.84
5/21/2021 22.71 20.76
5/24/2021 22.83 20.84
5/25/2021 22.8 20.75
5/26/2021 22.85 20.89
5/27/2021 23.06 20.75
5/28/2021 22.99 20.6
6/1/2021 23.24 20.68
6/2/2021 23.27 21.06
6/3/2021 23.05 21.18
6/4/2021 23.04 20.95
6/7/2021 23.03 21.33
6/8/2021 23.07 21.11
6/9/2021 22.91 21.23
6/10/2021 22.88 21.27
6/11/2021 22.75 21.26
6/14/2021 22.7 20.85
6/15/2021 22.72 20.59
6/16/2021 22.57 20.76
6/17/2021 22.42 20.8
6/18/2021 22.2 20.77
6/21/2021 22.49 20.96
6/22/2021 22.47 20.68
6/23/2021 22.43 20.71
6/24/2021 22.46 20.67
6/25/2021 22.51 20.9
6/28/2021 22.21 20.86
6/29/2021 22.08 20.79
6/30/2021 22.09 20.805
7/1/2021 22.23 20.89
7/2/2021 22.24 20.88
7/6/2021 22.05 20.62
7/7/2021 21.98 20.42
7/8/2021 21.79 20.31
7/9/2021 22.08 20.33
7/12/2021 21.92 20.4
7/13/2021 21.74 20.45
7/14/2021 21.69 20.38
7/15/2021 21.65 20.24
7/16/2021 21.48 20
7/19/2021 20.96 19.53
7/20/2021 21.38 19.63
7/21/2021 21.72 19.85
7/22/2021 21.6 20
7/23/2021 21.64 20.09
7/26/2021 21.75 19.94
7/27/2021 21.66 19.92
7/28/2021 21.77 20
7/29/2021 21.79 19.99
7/30/2021 21.62 20.11
8/2/2021 21.51 20.05
8/3/2021 21.52 20.27
8/4/2021 21.38 20.04
8/5/2021 21.67 20.2
8/6/2021 21.87 20.21
8/9/2021 21.73 20.2
8/10/2021 21.89 20.27
8/11/2021 22.08 20.4
8/12/2021 21.93 20.37
8/13/2021 21.8 20.45
8/16/2021 21.63 20.37
8/17/2021 21.44 20.25
8/18/2021 21.39 19.94
8/19/2021 21.08 20.13
8/20/2021 21.1 19.96
8/23/2021 21.31 19.96
8/24/2021 21.59 20.08
8/25/2021 21.76 20.13
8/26/2021 21.62 20.21
8/27/2021 21.87 20.16
8/30/2021 21.64 20.09
8/31/2021 21.68 20.09
9/1/2021 21.68 20.25
9/2/2021 21.71 20.14
9/3/2021 21.67 20.19
9/7/2021 21.65 20.38
9/8/2021 21.47 20.42
9/9/2021 21.57 20.48
9/10/2021 21.38 20.43
9/13/2021 21.41 20.25
9/14/2021 21.22 20.15
9/15/2021 21.38 20.34
9/16/2021 21.37 20.21
9/17/2021 21.3 20.59
9/20/2021 21.14 19.52
9/21/2021 21.15 20.17
9/22/2021 21.38 20.27
9/23/2021 21.72 20.25
9/24/2021 21.76 20.2
9/27/2021 22.02 20.16
9/28/2021 21.92 20.15
9/29/2021 21.87 20.25
9/30/2021 21.82 20.35
10/1/2021 22.25 20.34
10/4/2021 22.14 20.14
10/5/2021 22.16 20.38
10/6/2021 22.13 20.4
10/7/2021 22.18 20.69
10/8/2021 22.11 20.68
10/11/2021 22.02 20.69
10/12/2021 22.09 20.7
10/13/2021 22.11 20.8
10/14/2021 22.26 20.79
10/15/2021 22.37 20.74
10/18/2021 22.26 20.86
10/19/2021 22.22 20.89
10/20/2021 22.29 20.95
10/21/2021 22.22 20.86
10/22/2021 22.16 20.9
10/25/2021 22.12 20.6
10/26/2021 22.04 20.6
10/27/2021 21.84 20.76
10/28/2021 21.7 20.73
10/29/2021 21.51 20.68
11/1/2021 21.82 20.57
11/2/2021 21.79 20.62
11/3/2021 21.93 20.64
11/4/2021 21.65 20.71
11/5/2021 22.2 20.76
11/8/2021 22.2 20.89
11/9/2021 22.14 20.8
11/10/2021 21.86 20.56
11/11/2021 21.83 20.66
11/12/2021 21.73 20.59
11/15/2021 21.76 20.62
11/16/2021 21.67 20.57
11/17/2021 21.47 20.45
11/18/2021 21.36 20.25
11/19/2021 21.09 20.26
11/22/2021 21.16 20.12
11/23/2021 21.21 20.1
11/24/2021 21.13 20.32
11/26/2021 20.6 19.92
11/29/2021 20.5 19.86
11/30/2021 20.32 19.19
12/1/2021 20.08 18.81
12/2/2021 20.46 19.2
12/3/2021 20.29 18.72

Premium / Discount

As of 12/3/21
Date Discount
11/29/2019 0
12/2/2019 -0.5
12/3/2019 -0.2
12/4/2019 -0.4
12/5/2019 -0.2
12/6/2019 -2.15
12/9/2019 -0.75
12/10/2019 -1.05
12/11/2019 -0.75
12/12/2019 -0.3
12/13/2019 -0.8
12/16/2019 -0.69
12/17/2019 -0.7
12/18/2019 -0.74
12/19/2019 1.19
12/20/2019 0.65
12/23/2019 -0.35
12/24/2019 -2.08
12/26/2019 -2.48
12/27/2019 -2.43
12/30/2019 -1.54
12/31/2019 -2.63
1/2/2020 -2.23
1/3/2020 -2.33
1/6/2020 -2.03
1/7/2020 0
1/8/2020 -1.44
1/9/2020 -0.3
1/10/2020 -0.4
1/13/2020 -0.5
1/14/2020 -1.24
1/15/2020 -0.9
1/16/2020 -0.7
1/17/2020 -1.29
1/21/2020 -1.65
1/22/2020 -2.8
1/23/2020 -3.39
1/24/2020 -3.24
1/27/2020 -3
1/28/2020 -3
1/29/2020 -2.94
2/3/2020 -2.47
2/4/2020 -1.26
2/5/2020 -1.5
2/6/2020 -2.76
2/7/2020 -2.81
2/10/2020 -2.71
2/11/2020 -2.45
2/12/2020 -2.75
2/13/2020 -2.91
2/14/2020 -2.37
2/18/2020 -1.77
2/19/2020 -2.22
2/20/2020 -2.28
2/21/2020 -3.85
2/24/2020 -5.59
2/25/2020 -6.68
2/26/2020 -5.24
2/27/2020 -4.21
2/28/2020 -3.24
3/2/2020 -5.91
3/3/2020 -6.83
3/4/2020 -5.68
3/5/2020 -3.57
3/6/2020 -2.76
3/9/2020 -7.15
3/10/2020 -7.67
3/11/2020 -11.68
3/12/2020 -8.83
3/13/2020 -12.79
3/16/2020 -21.18
3/17/2020 -16.01
3/18/2020 -26.3
3/19/2020 -16.53
3/20/2020 -19.9
3/23/2020 -17.29
3/24/2020 -19.18
3/25/2020 -19.03
3/26/2020 -15.07
3/27/2020 -8.4
3/30/2020 -9.38
3/31/2020 -9.13
4/1/2020 -8.95
4/2/2020 -14.36
4/3/2020 -11.13
4/6/2020 -11.15
4/7/2020 -15.26
4/8/2020 -14.97
4/9/2020 -9.49
4/13/2020 -12.15
4/14/2020 -13.09
4/15/2020 -11.25
4/16/2020 -13.82
4/17/2020 -15.24
4/20/2020 -13.64
4/21/2020 -12
4/22/2020 -9.92
4/23/2020 -13.52
4/24/2020 -14.01
4/27/2020 -16.26
4/28/2020 -17.44
4/29/2020 -16.83
4/30/2020 -13.52
5/1/2020 -11.9
5/4/2020 -12.52
5/5/2020 -12.67
5/6/2020 -11.35
5/7/2020 -12.59
5/8/2020 -14.3
5/11/2020 -12.01
5/12/2020 -10.79
5/13/2020 -12.52
5/14/2020 -13.76
5/15/2020 -14.46
5/18/2020 -15.76
5/19/2020 -12.8
5/20/2020 -13.86
5/21/2020 -15.12
5/22/2020 -13.82
5/26/2020 -15.87
5/27/2020 -16.46
5/28/2020 -13.69
5/29/2020 -12.69
6/1/2020 -14.12
6/2/2020 -15.33
6/3/2020 -15.46
6/4/2020 -14.83
6/5/2020 -14.27
6/8/2020 -13.26
6/9/2020 -11.76
6/10/2020 -11.26
6/11/2020 -10.79
6/12/2020 -11.45
6/15/2020 -10.98
6/16/2020 -10.25
6/17/2020 -10.15
6/18/2020 -12.83
6/19/2020 -12.53
6/22/2020 -12.97
6/23/2020 -13.35
6/24/2020 -13.76
6/25/2020 -13.95
6/26/2020 -15.56
6/29/2020 -14.85
6/30/2020 -14.27
7/1/2020 -14.91
7/2/2020 -16.26
7/6/2020 -16.13
7/7/2020 -14.92
7/8/2020 -14.48
7/9/2020 -13.27
7/10/2020 -15.31
7/13/2020 -14.51
7/14/2020 -15.63
7/15/2020 -15.07
7/16/2020 -12.56
7/17/2020 -14.53
7/20/2020 -13.55
7/21/2020 -14.28
7/22/2020 -14.8
7/23/2020 -14.66
7/24/2020 -13.47
7/27/2020 -14.03
7/28/2020 -16.26
7/29/2020 -15.78
7/30/2020 -15.06
7/31/2020 -14.53
8/3/2020 -15.51
8/4/2020 -15.9
8/5/2020 -12.94
8/6/2020 -13.79
8/7/2020 -12.88
8/10/2020 -14.5
8/11/2020 -14.06
8/12/2020 -12.51
8/13/2020 -11.78
8/14/2020 -12.73
8/17/2020 -12.52
8/18/2020 -12.1
8/19/2020 -12.42
8/20/2020 -12.9
8/21/2020 -12.76
8/24/2020 -13.77
8/25/2020 -14.47
8/26/2020 -14.99
8/27/2020 -15.91
8/28/2020 -15.86
8/31/2020 -15.44
9/1/2020 -14.95
9/2/2020 -15.66
9/3/2020 -17.44
9/4/2020 -18.35
9/8/2020 -18.73
9/9/2020 -17.76
9/10/2020 -16.44
9/11/2020 -16.67
9/14/2020 -15.5
9/15/2020 -16.46
9/16/2020 -17.36
9/17/2020 -17.75
9/18/2020 -17.28
9/21/2020 -16.97
9/22/2020 -17.8
9/23/2020 -18.67
9/24/2020 -20.05
9/25/2020 -20.03
9/28/2020 -18.67
9/29/2020 -18.65
9/30/2020 -18.01
10/1/2020 -17.48
10/2/2020 -19.17
10/5/2020 -17.83
10/6/2020 -17.17
10/7/2020 -15.61
10/8/2020 -17.68
10/9/2020 -16.79
10/12/2020 -15.49
10/13/2020 -14.88
10/14/2020 -14.64
10/15/2020 -14.98
10/16/2020 -15.74
10/19/2020 -15.32
10/20/2020 -15.15
10/21/2020 -15.8
10/22/2020 -16.32
10/23/2020 -18.47
10/26/2020 -17.98
10/27/2020 -16.72
10/28/2020 -18.19
10/29/2020 -16.88
10/30/2020 -18.98
11/2/2020 -18.14
11/3/2020 -18.4
11/4/2020 -16.58
11/5/2020 -17.45
11/6/2020 -16.51
11/9/2020 -20.86
11/10/2020 -19.45
11/11/2020 -17.2
11/12/2020 -16.17
11/13/2020 -17.1
11/16/2020 -17.77
11/17/2020 -17.9
11/18/2020 -16.53
11/19/2020 -16.53
11/20/2020 -15.37
11/23/2020 -15.8
11/24/2020 -16.78
11/25/2020 -16.25
11/27/2020 -15.19
11/30/2020 -14.65
12/1/2020 -15.17
12/2/2020 -15.21
12/3/2020 -15.44
12/4/2020 -14.81
12/7/2020 -14.31
12/8/2020 -14.26
12/9/2020 -14.46
12/10/2020 -13.64
12/11/2020 -14.2
12/14/2020 -14.38
12/15/2020 -14.66
12/16/2020 -14.77
12/17/2020 -14.21
12/18/2020 -14.01
12/21/2020 -15.38
12/22/2020 -15.57
12/23/2020 -16
12/24/2020 -16.13
12/28/2020 -15.28
12/29/2020 -14.89
12/30/2020 -15.35
12/31/2020 -15.22
1/4/2021 -13
1/5/2021 -14.63
1/6/2021 -13.84
1/7/2021 -10.67
1/8/2021 -11.19
1/11/2021 -12.94
1/12/2021 -12.82
1/13/2021 -11.86
1/14/2021 -13.05
1/15/2021 -13.61
1/19/2021 -10.87
1/20/2021 -11.86
1/21/2021 -9.42
1/22/2021 -11.14
1/25/2021 -11.44
1/26/2021 -11.84
1/27/2021 -12.54
1/28/2021 -12.29
1/29/2021 -11.99
2/1/2021 -10.11
2/2/2021 -10.32
2/3/2021 -12.51
2/4/2021 -11.95
2/5/2021 -12.54
2/8/2021 -11.26
2/9/2021 -12.06
2/10/2021 -12.42
2/11/2021 -11.75
2/12/2021 -11.9
2/16/2021 -13.03
2/17/2021 -11.18
2/18/2021 -11.12
2/19/2021 -12.6
2/22/2021 -13.1
2/23/2021 -13.01
2/24/2021 -13.4
2/25/2021 -14.56
2/26/2021 -14.92
3/1/2021 -13.64
3/2/2021 -14.26
3/3/2021 -13.86
3/4/2021 -13.69
3/5/2021 -12.97
3/8/2021 -12.85
3/9/2021 -11.98
3/10/2021 -11.61
3/11/2021 -12.49
3/12/2021 -12.68
3/15/2021 -12.36
3/16/2021 -11.9
3/17/2021 -11.43
3/18/2021 -11.57
3/19/2021 -11.75
3/22/2021 -10.81
3/23/2021 -10.76
3/24/2021 -10.79
3/25/2021 -11.32
3/26/2021 -12.02
3/29/2021 -11.97
3/30/2021 -11.8
3/31/2021 -10.66
4/1/2021 -11.69
4/5/2021 -12.23
4/6/2021 -11.63
4/7/2021 -11.7
4/8/2021 -10.72
4/9/2021 -9.46
4/12/2021 -10.82
4/13/2021 -11
4/14/2021 -10.72
4/15/2021 -10.43
4/16/2021 -10.51
4/19/2021 -10.51
4/20/2021 -10.42
4/21/2021 -10.93
4/22/2021 -10.2
4/23/2021 -9.25
4/26/2021 -10.01
4/27/2021 -9.99
4/28/2021 -10.04
4/29/2021 -10.18
4/30/2021 -9.51
5/3/2021 -9.87
5/4/2021 -10.04
5/5/2021 -10.43
5/6/2021 -10.28
5/7/2021 -9.97
5/10/2021 -9.74
5/11/2021 -9.84
5/12/2021 -10.06
5/13/2021 -9.51
5/14/2021 -10.31
5/17/2021 -9.45
5/18/2021 -9.35
5/19/2021 -8.86
5/20/2021 -8.36
5/21/2021 -8.59
5/24/2021 -8.72
5/25/2021 -8.99
5/26/2021 -8.58
5/27/2021 -10.02
5/28/2021 -10.4
6/1/2021 -11.02
6/2/2021 -9.5
6/3/2021 -8.11
6/4/2021 -9.07
6/7/2021 -7.38
6/8/2021 -8.5
6/9/2021 -7.33
6/10/2021 -7.04
6/11/2021 -6.55
6/14/2021 -8.15
6/15/2021 -9.38
6/16/2021 -8.02
6/17/2021 -7.23
6/18/2021 -6.44
6/21/2021 -6.8
6/22/2021 -7.97
6/23/2021 -7.67
6/24/2021 -7.97
6/25/2021 -7.15
6/28/2021 -6.08
6/29/2021 -5.84
6/30/2021 -5.82
7/1/2021 -6.03
7/2/2021 -6.12
7/6/2021 -6.49
7/7/2021 -7.1
7/8/2021 -6.79
7/9/2021 -7.93
7/12/2021 -6.93
7/13/2021 -5.93
7/14/2021 -6.04
7/15/2021 -6.51
7/16/2021 -6.89
7/19/2021 -6.82
7/20/2021 -8.19
7/21/2021 -8.61
7/22/2021 -7.41
7/23/2021 -7.16
7/26/2021 -8.32
7/27/2021 -8.03
7/28/2021 -8.13
7/29/2021 -8.26
7/30/2021 -6.98
8/2/2021 -6.79
8/3/2021 -5.81
8/4/2021 -6.27
8/5/2021 -6.78
8/6/2021 -7.59
8/9/2021 -7.04
8/10/2021 -7.4
8/11/2021 -7.61
8/12/2021 -7.11
8/13/2021 -6.19
8/16/2021 -5.83
8/17/2021 -5.55
8/18/2021 -6.78
8/19/2021 -4.51
8/20/2021 -5.4
8/23/2021 -6.34
8/24/2021 -6.99
8/25/2021 -7.49
8/26/2021 -6.52
8/27/2021 -7.82
8/30/2021 -7.16
8/31/2021 -7.33
9/1/2021 -6.6
9/2/2021 -7.23
9/3/2021 -6.83
9/7/2021 -5.87
9/8/2021 -4.89
9/9/2021 -5.05
9/10/2021 -4.44
9/13/2021 -5.42
9/14/2021 -5.04
9/15/2021 -4.86
9/16/2021 -5.43
9/17/2021 -3.33
9/20/2021 -7.66
9/21/2021 -4.63
9/22/2021 -5.19
9/23/2021 -6.77
9/24/2021 -7.17
9/27/2021 -8.45
9/28/2021 -8.07
9/29/2021 -7.41
9/30/2021 -6.74
10/1/2021 -8.58
10/4/2021 -9.03
10/5/2021 -8.03
10/6/2021 -7.82
10/7/2021 -6.72
10/8/2021 -6.47
10/11/2021 -6.04
10/12/2021 -6.29
10/13/2021 -5.92
10/14/2021 -6.6
10/15/2021 -7.29
10/18/2021 -6.29
10/19/2021 -5.99
10/20/2021 -6.01
10/21/2021 -6.12
10/22/2021 -5.69
10/25/2021 -6.87
10/26/2021 -6.53
10/27/2021 -4.95
10/28/2021 -4.47
10/29/2021 -3.86
11/1/2021 -5.73
11/2/2021 -5.37
11/3/2021 -5.88
11/4/2021 -4.34
11/5/2021 -6.49
11/8/2021 -5.9
11/9/2021 -6.05
11/10/2021 -5.95
11/11/2021 -5.36
11/12/2021 -5.25
11/15/2021 -5.24
11/16/2021 -5.08
11/17/2021 -4.75
11/18/2021 -5.2
11/19/2021 -3.94
11/22/2021 -4.91
11/23/2021 -5.23
11/24/2021 -3.83
11/26/2021 -3.3
11/29/2021 -3.12
11/30/2021 -5.56
12/1/2021 -6.32
12/2/2021 -6.16
12/3/2021 -7.74

Composition

CPZ Component Allocation

As of 10/31/21

CPZ is comprised of two sleeves, the Equity sleeve, which combines the Long/Short component and the Preferreds component, and the Fixed Income sleeve which is simply the Fixed Income component.

Name %
Long/Short Component 67.9%
Preferreds Component 16.3%
Fixed Income Component 15.8%

CPZ Long/Short Component

Long/Short Component Composition

As of 10/31/21
Name %
Net Assets Long 102.9%
Net Assets Short -59.9%
Gross Exposure (Long + Short) 162.8%
Net Exposure (Long - Short) 43.0%

Sector Weightings

As of 10/31/21
Sector Long Short Gross Net
Utilities 0.0% 0.0% 0.0% 0.0%
Real Estate 1.7% 0.0% 1.7% 1.7%
Materials 2.3% 0.0% 2.3% 2.3%
Information Technology 13.8% -0.9% 14.7% 12.9%
Industrials 33.3% -1.1% 34.4% 32.2%
Health Care 2.4% 0.0% 2.4% 2.4%
Financials 16.4% 0.0% 16.4% 16.4%
Energy 8.9% 0.0% 8.9% 8.9%
Consumer Staples 3.2% -2.1% 5.3% 1.1%
Consumer Discretionary 7.7% 0.0% 7.7% 7.7%
Communication Services 8.8% 0.0% 8.8% 8.8%
Other 4.4% -55.6% 60.0% -51.2%
Total 102.9% -59.9% 162.8% 43.0%

Regional Weightings

As of 10/31/21
Region Long Short Gross Net
North America 81.8% -59.8% 141.6% 22.0%
Middle East/Africa 0.0% 0.0% 0.0% 0.0%
Latin America 2.3% 0.0% 2.3% 2.3%
Europe 18.8% -0.1% 18.9% 18.7%
Caribbean 0.0% 0.0% 0.0% 0.0%
Asia/Pacific 0.0% 0.0% 0.0% 0.0%
Total 102.9% -59.9% 162.8% 43.0%

Largest Holdings

As of 10/31/21
Long Portfolio Sector Weight %
Air Lease Corp. - Class A Industrials 5.0
Meta Platforms, Inc. Communication Services 4.4
Alphabet Inc- Class A Communication Services 4.4
Paycom Software, Inc. Information Technology 3.9
As of 10/31/21
Short Portfolio Sector Weight %
SPDR S&P 500 ETF Trust Other -53.9
Costco Wholesale Corp. Consumer Staples -2.1
ARK Innovation ETF Other -1.2
Waste Management, Inc. Industrials -1.0

Largest holdings percentages are based on assets which includes cash.

Numbers may not add up due to rounding. Sector weightings based on percentage of total account and are subject to change. Sector weightings exclude cash or cash equivalents.

Exposure is calculated using the market value of the equities and options in the Fund. Please note that calculating option positions on a market value basis does not reflect the potential exposure to the underlying security which may be larger on a notional basis.

CPZ Preferreds Component

Top 5 Holdings

As of 10/31/21
Company Security Type Industry %
JPMorgan Chase & Company 3.65% Corp Bond Due Diversified Banks 3.5
Citigroup, Inc. 3.88% Corp Bond Due Diversified Banks 3.0
State Street Corp. 5.63% Corp Bond Due Asset Management & Custody Banks 2.6
Wells Fargo & Company 4.75% Cv Pfd Diversified Banks 2.0
Capital One Financial Corp. 3.95% Corp Bond Due Consumer Finance 2.0

Top 5 holdings percentages are based on assets which includes cash.

CPZ Fixed Income Component

Security Type

As of 10/31/21
Name % of Assets
High Yield Corporate Debt 76.2
Investment Grade Corporate Debt 6.6
Syndicated Loans 14.1
Preferred Shares 0.8
Equity 0.1
Options 0.0
Cash 2.2

Maturity Schedule

As of 10/31/21
Range %
< 1 Year 2.4%
1 to 3 Years 8.6%
3 to 5 Years 24.1%
5 to 7 Years 32.2%
7 to 10 Years 24.9%
10 to 20 Years 4.6%
> 20 Years 1.5%
Equities and Other 1.7%

Quality Allocation

As of 10/31/21
Class %
AAA 0.0%
AA 0.0%
A 0.3%
BBB 6.7%
BB 47.8%
B 34.9%
CCC and below 8.4%
Unrated Securities 2.0%

Important Fund Information

Exposure is calculated using the market value of the equities and options in the Fund. Please note that calculating option positions on a market value basis does not reflect the potential exposure to the underlying security which may be larger on a notional basis.

Bond Credit Quality allocation reflects the higher of the ratings of Standards & Poor's Corporation or Moody's Investors Service, Inc. Ratings are relative, subjective and not absolute standards of quality, represent the opinions of the independent, Nationally Recognized Statistical Rating Organizations (NRSRO), and are adjusted to the Standards & Poor's scale shown. Ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest). The security's credit rating does not eliminate risk. The table excludes equity securities, cash and cash equivalents. For more information about securities ratings, please see the Fund's Statement of Additional Information at calamos.com. Additional information on ratings methodologies are available by visiting the NRSRO websites: www.standardandpoors.com and www.moodys.com.

Security type is sourced from Bloomberg.

Numbers may not add up due to rounding. Sector weightings based on percentage of total account and are subject to change. Sector weightings exclude cash or cash equivalents.

Literature

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CPZ Quarterly Commentary

A quarterly discussion of the Calamos Long/Short Equity & Dynamic Income Trust performance, related market commentary, and outlook.

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CPZ Fact Sheet

The CPZ Fund seeks to provide current income and risk-managed capital appreciation.

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Closed-End Fund Snapshot (10/31/21)

The Calamos Closed-End Fund Snapshot includes current annualized distribution rates for the funds versus yields of market benchmarks, monthly distributions, a premium/discount summary, fund performance data and distribution details.

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Addressing the Search for Income and Growth: The Opportunity of Calamos Closed-End Funds

In a high volatility, low yield world, Calamos closed-end funds offer multi-asset class approaches designed to provide investors with powerful tools for addressing the search for income, including during inflationary periods. John P. Calamos, Sr., Founder, Chairman and Global Chief Investment Officer, provides an overview of the funds and the opportunities he sees in the markets.

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CPZ Annual Report

The CPZ annual report includes a letter from John P. Calamos, Sr. to shareholders outlining the fund performance, as well as a comprehensive review of the fund’s activities and financial performance.

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CPZ Semiannual Report

The CPZ semiannual report includes a letter from John P. Calamos, Sr. to shareholders and provides a comprehensive review of the fund’s activities and financial performance for a six month period.

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Maximizing Investment with an Automatic Dividend Reinvestment Plan

Calamos closed-end funds’ Automatic Dividend Reinvestment Plan offers a simple, cost-efficient and convenient way to reinvest your dividends and capital gains distributions in additional shares of your Calamos closed-end fund. And, if shares are trading at a premium to NAV, shareholders will purchase shares at lower than market price.

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CPZ Prospectus

This prospectus supplement, together with the accompanying prospectus, sets forth concisely the information that you should know before investing. You should read the accompanying prospectus and prospectus supplement, which contain important information, before deciding whether to invest in our securities.

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CPZ SAI

The statement of additional information is a supplementary document to the fund’s prospectus and contains additional information about the fund and includes further disclosure regarding its operations.