Calamos Convertible Price, Forecast, Insider, Ratings, Fundamentals & Signals

Metro chicago , feb. 1, 2024 /prnewswire/ -- calamos investments®* has announced monthly distributions and sources of distributions paid in february 2024 to shareholders of its seven closed-end funds (the funds) pursuant to the funds' respective distribution plans. fund distribution payable record ex-dividend date date date chi (inception 06/26/2002) calamos convertible opportunities and income fund $0.0950 2/20/24 2/12/24 2/9/24 chy (inception 05/28/2003) calamos convertible and high income $0.1000 2/20/24 2/12/24 2/9/24 fund csq (inception 03/26/2004) calamos strategic total return fund $0.1025 2/20/24 2/12/24 2/9/24 cgo (inception 10/27/2005) calamos global total return fund $0.0800 2/20/24 2/12/24 2/9/24 chw (inception 06/27/2007) calamos global dynamic income fund $0...

Metro chicago, ill. , dec. 18, 2023 /prnewswire/ -- calamos investments®* has announced monthly distributions and sources of distributions paid in january 2024 to shareholders of its seven closed-end funds (the funds) pursuant to the funds' respective distribution plans.

Metro chicago, ill. , dec. 1, 2023 /prnewswire/ -- calamos investments®* has announced monthly distributions and sources of distributions paid in december 2023 to shareholders of its seven closed-end funds (the funds) pursuant to the funds' respective distribution plans.

Metro chicago , sept. 1, 2023 /prnewswire/ -- calamos investments®* has announced monthly distributions and sources of distributions paid in september 2023 to shareholders of its seven closed-end funds (the funds) pursuant to the funds' respective distribution plans.

Metro chicago , july 3, 2023 /prnewswire/ -- calamos investments®* has announced monthly distributions and sources of distributions paid in july 2023 to shareholders of its seven closed-end funds (the funds) pursuant to the funds' respective distribution plans. fund distribution payable record ex-dividend date date date chi (inception 06/26/2002) calamos convertible opportunities fund and $0.0950 7/20/23 7/14/23 7/13/23 income fund chy (inception 05/28/2003) calamos convertible and high income $0.1000 7/20/23 7/14/23 7/13/23 fund csq (inception 03/26/2004) calamos strategic total return fund $0.1025 7/20/23 7/14/23 7/13/23 cgo (inception 10/27/2005) calamos global total return fund $0.0800 7/20/23 7/14/23 7/13/23 chw (inception 06/27/2007) calamos global dynamic income fund $0...

The Calamos Convertible Opportunities and Income Fund offers a high level of current income without sacrificing the potential upside available from common stocks. The CHI closed-end fund has a lower yield compared to its peers, but this may indicate a more sustainable yield. The fund has delivered a trailing five-month performance that most investors would find reasonably acceptable.

The Near Perfect Portfolio Strategy provides SWAN-like attributes and aims to meet income and growth goals while minimizing volatility and drawdowns. The strategy consists of three buckets: Dividend Growth Investing, High Income (CEF investing), and Hedging (Rotational bucket). Backtesting results over 17 years show that the strategy has the potential to outperform the S&P 500, with lower drawdowns and volatility.

Calamos Convertible Opportunities and Income Fund has provided solid long-term results and provides convertible and high-yield exposure. The fund has also delivered a steady monthly distribution to its investors, though it remains significantly reliant on capital gains. While the fund's premium has come down some since our last update, it is still trading at a premium that could be considered around fair value.

2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.

Convertible Opportunities and Income Fund is a closed-end fund focused on convertible securities, with a high allocation to the technology sector. The fund has had a positive performance this year, up 9% but with a high volatility and a -16% drawdown earlier in the year. The fund's premium to NAV is towards top end of its historic range, and it has a high correlation to the S&P 500.

Calamos Convertible Opportunities and Income Fund offers a high level of current income with an 11.12% current yield. The CHI closed-end fund focuses on investing in convertible securities, which provide stable income and upside potential. The fund has delivered a 3.98% total return year-to-date, outperforming many other closed-end funds and the bond index.

Calamos Convertible Opportunities and Income Fund is trading at a premium over its net asset value, making it unattractive for new investment dollars. The fund's total expense ratio has been rising due to higher borrowing costs, but its portfolio has also been seeing higher yields on its convertibles. An alternative to CHI could be BCV or ECF, though ECF has seen its discount narrow more recently, making BCV the more attractive alternative.

We review CEF market valuation and performance through the second week of July and highlight recent market action. CEFs had a good week overall as NAVs gained, however, discounts remain sluggish. The net income profile of some CEFs has turned negative, owing to a high cost of leverage.

CHI: Not A Bargain Yet, Even After Premium Drop.

ICVT: Low-Cost Convertible Bond Exposure Outperforms Active CEFs