Calamos Announces Redemption Dates of Auction Rate Preferred Securities for Calamos Global Dynamic Income Fund (CHW)
October 06 2009 - 6:19PM
PR Newswire (US)
- Calamos Global Dynamic Income Fund to redeem all $50 Million of
its outstanding Auction Rate Preferred Securities (ARPS). - After
this step, ARPS redemptions for all five of Calamos' closed-end
funds will be complete. NAPERVILLE, Ill., Oct. 6
/PRNewswire-FirstCall/ -- Calamos Investments announced today
redemption dates for all outstanding Auction Rate Preferred
Securities (ARPS) for the Calamos Global Dynamic Income Fund
(NYSE:CHW). Series, CUSIP and redemption date specifics are shown
in the table below: Series CUSIP Redemption Date ------ -----
--------------- T 12811L305 October 21, 2009 - ---------
---------------- W 12811L404 October 22, 2009 - ---------
---------------- TH 12811L503 October 23, 2009 -- ---------
---------------- F 12811L602 October 26, 2009 - ---------
---------------- M 12811L206 October 27, 2009 - ---------
---------------- Calamos filed a Rule 23c-2 notice on October 6,
2009 which details the redemption dates for the CHW ARPS. The
filing can be found on the SEC website at:
http://www.sec.gov/Archives/edgar/data/1396277/000095012309048716/0000950123-0
9-048716-index.htm On May 19, 2009, Calamos announced that it had
received Board approval to complete refinancing of all outstanding
auction rate preferred securities for the Calamos Closed End Funds.
With this final step, Calamos will have refinanced 100% of its $2.3
Billion of outstanding ARPS across its five closed-end funds. All
Calamos' refinancings to date, as well as the planned CHW
refinancing, have utilized attractively-priced debt facilities. "We
are pleased to announce the final refinancing of our Funds' auction
rate preferred securities," stated John P. Calamos, Sr., chairman,
chief executive officer and co-chief investment officer of Calamos
Asset Management. "We believe that what we have achieved with the
refinancings is in the best interests of all of our closed-end fund
shareholders." About Calamos Asset Management, Inc. Calamos Asset
Management, Inc. is a globally diversified investment firm offering
equity, fixed-income, convertible and alternative investment
strategies, among others. The firm serves institutions and
individuals around the world via separately managed accounts and a
family of open-end and closed-end funds, providing a risk-managed
approach to capital appreciation and income-producing strategies.
For more information, visit http://www.calamos.com/ From time to
time, information or statements provided by us, including those
within this news release, may contain certain forward-looking
statements relating to future events, future transactions, future
financial performance, future potential costs, expectations, the
competitive and regulatory environment and future market
conditions. Forward-looking statements are based on information
available at the time those statements are made and/or management's
good faith belief as of that time with respect to future events,
and are subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements. Such risks and
uncertainties include, but are not limited to: catastrophic or
unpredictable events, changing costs of leverage, strategy
implementation obstacles, fluctuations in the financial markets and
the competitive conditions in the fund, asset management and
broader financial services sectors and other risks inherent in the
financial and trading markets, including liquidity issues.
DATASOURCE: Calamos Asset Management, Inc. CONTACT: Scott
Henderson, Associate Vice President of Calamos Investments,
+1-630-245-7223, Web Site: http://www.calamos.com/
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