Calamos Long/Short Equity and Dynamic Income Trust (CPZ) Q2 2023 Review

Join us for the Calamos Long/Short Equity and Dynamic Income Trust (CPZ) Q2 2023 Review, providing market observations and expert analysis on key topics, including:

  • CPZ has increased its monthly distribution by a total of $0.03 per share, culminating in a total increase of more than 27% since its inception in November 2019.
  • CPZ has paid $5.39 in distributions since inception.
  • Due to the scope of CPZ’s investment parameters, the portfolio avoided more susceptible market sectors and full overall market exposure during recent volatility, which benefitted its shareholders.
  • The fund continues to engage risk when and where the expected return warrants it.
  • For Q2 2023, CPZ’s NAV and price both offered positive returns, outperforming the MSCI ACWI (ex. USA) Index, the ICE BofA US All Capital Securities Index, and the Bloomberg US HY 2% Issuers Cap Index over the period.
  • The expectation of continued volatility in financial markets in 2023 makes the case for the importance of active fund management concerning asset allocation as well as overall market exposure.

Past performance is no guarantee of future results.

For Investment Professional Use Only. Not For Use With The Public.

Before investing, carefully consider the fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-866-363-9219. Read it carefully before investing.

Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. We believe the information provided here is reliable, but do not warrant its accuracy or completeness. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described may not be suitable for all investors. The opinions and views of third parties do not represent the opinions or views of Calamos Investments LLC. Opinions referenced are as of July 27, 2023 and are subject to change due to changes in the market, economic conditions or changes in the legal and/or regulatory environment and may not necessarily come to pass. This information is provided for informational purposes only and should not be considered tax, legal, or investment advice. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations.

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