Calamos Investments® announced that Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD), Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI), and Calamos Convertible and High Income Fund (NASDAQ: CHY) will transition from a managed distribution plan to a level distribution plan effective as of January 1, 2025. Calamos Investments believes this policy will allow each of CCD, CHI, and CHY to maintain stable, consistent and predictable rates of distribution that are sustainable over the long-term. However, there can be no guarantee that the level distribution policy will be successful in achieving its goals. The Funds’ ability to maintain a stable level of distributions to shareholders will depend on a number of factors, including changes in the financial market, market interest rates, and performance of overall equity, convertible and fixed income markets. As portfolio and market conditions change, the ability of each Fund to continue to make distributions in accordance with its level distribution policy may be affected. Under the new level distribution policy, each of CCD, CHI and CHY intend to continue their current practice of making monthly distributions to shareholders, at a constant and fixed (but not guaranteed) rate currently set at 19.5 cents per share, 9.5 cents per share and 10 cents per share, respectively.
Calamos Convt & Hi Incm Fd
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