CALAMOS Closed-End Funds (CHI, CHY, CSQ, CGO) Announce Monthly Dividends
April 03 2006 - 5:00PM
PR Newswire (US)
NAPERVILLE, Ill., April 3 /PRNewswire-FirstCall/ -- CALAMOS
INVESTMENTS announced today the declaration of monthly dividend
distributions on each common share for its four closed-end mutual
funds. Fund Dividend Payable Record Ex-dividend date date date CHI
(inception 06/26/2002) (Level Rate Calamos Convertible
Distribution) Opportunities and Income Fund $0.1500 4/19/06 4/13/06
4/11/06 CHY (inception 05/28/2003) Calamos Convertible and High
Income Fund $0.1219 4/19/06 4/13/06 4/11/06 CSQ (inception
03/26/2004) Calamos Strategic Total Return Fund $0.0975 4/19/06
4/13/06 4/11/06 CGO (inception 10/27/2005) Calamos Global Total
Return Fund $0.0750 4/19/06 4/13/06 4/11/06 A dividend offers
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, dividends 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, dividends will be reinvested at the market price. 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
Funds have level rate distribution policies paying monthly
distributions at the stated rates. Distributions paid may include
net investment income, net realized short- term capital gains and,
if necessary, return of capital. In addition, distributions may
include net realized long-term capital gains as permitted by the
Investment Company Act of 1940. 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. Additional
information about the Funds, including a monthly commentary,
portfolio holdings, and a description of the Funds' dividend
reinvestment plan is posted at Calamos Investments' website,
http://www.calamos.com/ . Important Notes About Performance and
Risk: You can purchase or sell common shares daily. Like other
investments, market price will fluctuate with the market. 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. Due to ongoing market volatility, performance is
subject to substantial short-term fluctuations. Investments by a
fund in lower rated securities involve substantial risk of loss and
present greater risks than investments in higher rated securities,
including less liquidity and increased price sensitivity to
changing interest rates and to a deteriorating economic
environment. Shares of closed-end funds frequently trade at a
market price that is below their net asset value. Fixed-income
securities are subject to interest rate risk; as interest rates go
up, the value of debt securities in a fund's portfolio generally
will decline. There are certain risks associated with an investment
in a convertible bond, such as default risk -- that the company
issuing a convertible security may be unable to repay principal and
interest -- and interest rate risk -- that the convertible may
decrease in value if interest rates increase. About CALAMOS CALAMOS
INVESTMENTS is a diversified investment firm offering equity, high
yield, convertible and alternative investment strategies through
its subsidiaries. The firm serves institutions and individuals via
separately managed accounts, open-end mutual funds and closed-end
funds, offering a risk- managed approach to capital appreciation
and income-producing strategies. For more information, visit
http://www.calamos.com/ . 2020 Calamos Court Naperville, IL
60563-2787 800-582-6959 http://www.calamos.com/ Calamos(R), CALAMOS
INVESTMENTS(R), Strategies for Serious Money(R), and the Calamos(R)
logo are registered trademarks of Calamos Holdings LLC. DATASOURCE:
CALAMOS INVESTMENTS CONTACT: Jeff Kelley for CALAMOS INVESTMENTS,
+1-630-577-9687, Web site: http://www.calamos.com/
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