Calamos Investments Unveils Monthly Distribution Details

Author: Olivia Taylor Updated: 10-01-2024 04:12 PM

Calamos Investments Monthly Distributions Announced

Calamos Investments, a prominent investment management firm, has shared details about the monthly distributions for its seven closed-end funds for the upcoming period. In a commitment to keeping its shareholders informed, Calamos has outlined the expected payouts and the sourcing of these distributions.

Understanding the Closed-End Funds

The portfolio of closed-end funds includes the following: Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI), Calamos Convertible and High Income Fund (NASDAQ: CHY), Calamos Strategic Total Return Fund (NASDAQ: CSQ), Calamos Global Total Return Fund (NASDAQ: CGO), Calamos Global Dynamic Income Fund (NASDAQ: CHW), Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD), and Calamos Long/Short Equity & Dynamic Income Trust (NASDAQ: CPZ). Each of these funds operates under specific distribution plans tailored to their investment strategies.

Distribution Breakdown

As per the latest announcements, the following distribution amounts were designated for each fund: - CHI: $0.0950 - CHY: $0.1000 - CSQ: $0.1025 - CGO: $0.0800 - CHW: $0.0500 - CCD: $0.1950 - CPZ: $0.1400

Payable dates are consistently scheduled for October 22, 2024, while record dates fall on October 15, 2024. This proactive approach allows shareholders to effectively manage their investments and anticipate cash flow from their holdings.

Sources of Distribution

The distributions will involve various components, including net investment income, realized capital gains, and potentially a return of capital. Notably, for two of the funds, Calamos Global Total Return Fund and Calamos Global Dynamic Income Fund, the distribution sources have been disclosed, offering a clearer insight into how the funds generate returns and manage payouts.

Fiscal Year to Date Observations

Year-to-date data regarding the fiscal year provides vital statistics such as: - CGO: Total distribution experienced ordinary income of $0.0000 and short-term capital gains of $0.0800. - CHW: Notably reported ordinary income of $0.0000 and a realized short-term gain of $0.0500.

These metrics are examined to ensure effective tracking of performance and reassure shareholders regarding the asset management practices being implemented.

Reinvestment Plans for Shareholders

Calamos has structured its portfolio to enable automatic reinvestment of dividends through a dividend reinvestment plan. This program is particularly beneficial for shareholders who wish to accumulate additional shares over time, leveraging the benefits of compounding returns.

Impact of Market Fluctuations

Investors should be aware that market conditions can significantly influence the performance of these closed-end funds. Fluctuations in share prices may occur, influenced by both macroeconomic and sector-specific factors, which may impact returns at net asset value.

Frequently Asked Questions

What are the upcoming payable dates for distributions?

The upcoming payable date for the distributions is October 22, 2024.

How are distributions sourced for the Calamos funds?

Distributions are sourced from net investment income, capital gains, and possibly returns of capital as established by fund performance.

What should investors know about reinvesting dividends?

Shareholders can reinvest their dividends automatically, enhancing their investment in the funds over time.

Are there any risks associated with these closed-end funds?

Yes, as with any investment, closed-end funds can fluctuate in price, and returns can vary based on market conditions.

What is the significance of the sources of distributions?

The sources of distributions indicate the fund's investment strategy effectiveness and the overall financial health of the fund, guiding investor expectations.

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