From the Wires
Calamos Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO and CHW) Announce Monthly Distributions for December 2012
Nov. 30, 2012 04:00 PM
NAPERVILLE, Ill., Nov. 30, 2012 /PRNewswire/ -- Calamos Investments announced today the declaration of monthly distributions on each common share for its five closed-end funds.
|
Fund
|
Distribution
(Level Rate)
|
Payable
date
|
Record
date
|
Ex-dividend
date
|
|
CHI (inception 06/26/2002)
Calamos Convertible Opportunities and Income Fund
|
$0.0950
|
12/14/12
|
12/11/12
|
12/7/12
|
|
CHY (inception 05/28/2003)
Calamos Convertible and High Income Fund
|
$0.0850
|
12/14/12
|
12/11/12
|
12/7/12
|
|
CSQ (inception 03/26/2004)
Calamos Strategic Total Return Fund
|
$0.0700
|
12/14/12
|
12/11/12
|
12/7/12
|
|
CGO (inception 10/27/2005)
Calamos Global Total Return Fund
|
$0.1000
|
12/14/12
|
12/11/12
|
12/7/12
|
|
CHW (inception 06/27/2007)
Calamos Global Dynamic Income Fund
|
$0.0620
|
12/14/12
|
12/11/12
|
12/7/12
|
Additional information about Calamos closed-end funds can be found on our website at:
calamos.com/CHI, calamos.com/CHY, calamos.com/CSQ, calamos.com/CGO and calamos.com/CHW.
Monthly distributions offer shareholders the opportunity to accumulate more shares in a fund via the automatic dividend reinvestment plan. For example, if a fund's shares are trading at a premium, distributions will be automatically reinvested through the plan at NAV or 95% of the market price, whichever is greater; if shares are trading at a discount, distributions will be reinvested at the market price through an open market purchase program. Thus, the plan offers current shareholders an efficient method of accumulating additional shares with a potential for cost savings. Please see the dividend reinvestment plan for more information.
The Calamos closed-end funds employ a level rate distribution policy, paying monthly distributions at the stated rates. Under the Fund's level rate distribution policy, distributions paid to common shareholders typically include net investment income and net realized short-term capital gains. When the net investment income and net realized short-term capital gains are not sufficient, a portion of the level rate distribution will be a return of capital. In addition, a limited number of distributions per calendar year may include net realized long-term capital gains. There is no guarantee that the funds will realize capital gains in any given year. Distributions are subject to re-characterization for tax purposes after the end of the fiscal year. All shareholders with taxable accounts will receive written notification regarding the components and tax treatment for distributions via Form 1099-DIV. Distributions from the funds are generally subject to Federal income taxes. For purposes of maintaining the level rate distribution policy, the funds may realize short-term capital gains on securities that, if sold at a later date, would have resulted in long-term capital gains. Maintenance of a level rate distribution policy may increase transaction and tax costs associated with the funds. Please see calamos.com/taxcenter.aspx for more information.
Important Notes about Performance and Risk
Past performance is no guarantee of future results. As with other investments, market price will fluctuate with the market and 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.
About Calamos
Calamos Investments is a diversified global investment firm offering innovative investment strategies including equity, fixed income, convertible and alternative investments, among others. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals. Headquartered in the Chicago metropolitan area, the firm also has offices in London and New York. For more information visit Calamos.com.
2061_1212M
SOURCE Calamos Investments
About PR NewswireCopyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
.gif)
In an ideal developer/systems administrator’s world, most applications would deploy seamlessly to multiple platforms and scale elastically with minimal effort bringing the unprecedented agility of the cloud within immediate reach of developer teams and IT organizations.
OpenSta...
Cloud service providers store data all over the globe, and are constantly moving that data from one datacenter to the next for reasons as wide-ranging as cost considerations and redundancy requirements. Does this mean that the requirements outlined in varying data residency laws ...
Companies around the world are moving into on-premise private cloud environments. Many connect their private cloud to their public cloud service providers. In his session at 12th Cloud Expo | Cloud Expo New York [June 10-13], Brian Patrick Donaghy will talk about examples of what...
A recent study by analyst firm IDC reports that in 2012, 1.7 million cloud computing-related roles across the globe could not be filled due to the lack of training, certification and experience in the applicant pool. As the global demand for cloud and big data expertise increases...
Enterprise cloud adoption revolves around pushing the BYOD movement and focusing on data security.
In his session at the 12th International Cloud Expo, Ross Brouse, COO and President of Solar VPS, will cover how cloud adoption is driven by consumerism, humanity’s need to social...
