Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

METRO CHICAGO, Ill., May 1, 2026 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in May 2026 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

PRNewsWire • May 1, 2026

CHI: Inflation Still A Problem, And This CEF Should Outperform Traditional Bonds In Real Terms

The Calamos Convertible Opportunities and Income Fund offers a 9.74% yield, outperforming most equity, bond, and convertible indices in current income. CHI's portfolio is heavily weighted toward convertible bonds and junk-rated debt, enhancing real return potential in inflationary environments compared to traditional bonds. The fund's distribution is fully covered by realized gains and rising NAV, signaling sustainability and resilience even amid challenging market conditions in 2026.

Seeking Alpha • Apr 16, 2026

The Market's All-Terrain Vehicle: A Deep Dive Into Convertible CEFs

Convertible bonds offer built-in flexibility, combining bond income with equity upside and historically delivering asymmetric returns—participating in rallies while helping cushion drawdowns. Actively managed, levered convertible CEFs offer a high-income way to participate in this market, with Calamos demonstrating a strong track record of navigating convertibles and delivering competitive returns. Among the US-focused Calamos funds (CCD, CHY, & CHI), CCD provides the highest (~85%) convertible exposure and equity optionality, while CHY and CHI offer more credit-tilted.

Seeking Alpha • Feb 25, 2026

CHI: Attractive Valuation But Not A Buy Yet

Calamos Convertible Opportunities and Income Fund (CHI) maintains a hold rating due to reliance on net realized gains for distributions and NAV growth. CHI offers a 10.1% yield, attractive price-to-NAV valuation, and monthly payouts, appealing to income-focused investors seeking stability. The fund's aggressive leverage and dependence on positive market conditions heighten downside risk during market declines.

Seeking Alpha • Jan 28, 2026

12 Years With Zero Gains: Can Your Retirement Plan Survive A 'Lost Decade?'

Market myths hide reality: The S&P 500 was flat for 12 years (2000-2011). Withdrawals kill portfolios: Selling shares during a crash destroys your capital. Don't sell low: Dividends pay your bills while the market recovers.

Seeking Alpha • Dec 6, 2025

CHI: A Fully Covered 10.85% Yielding CEF Trading At A Reasonable Price

Calamos Convertible Opportunities and Income Fund offers a high 10.85% yield, competitive total returns, and strong portfolio diversification for income-focused investors. CHI's performance closely tracks the convertible bond index, but its yield and resilience during market downturns make it attractive, especially for risk-averse investors. The fund's distribution appears sustainable, backed by recent gains and a NAV increase, though coverage relies partly on unrealized gains.

Seeking Alpha • Nov 21, 2025

CHI: Premium Moderates For This Convertible Fund

CHI's premium has declined to near parity, making it a more attractive entry point for convertible and high-yield exposure seekers. The fund offers an 11.19% yield, but distributions rely on capital gains as net investment income remains negative, which can be negative in a stretched market. While not a deep bargain, CHI is worth considering now, though waiting for a broader market pullback could provide a better buying opportunity.

Seeking Alpha • Sep 4, 2025

CHI: A Solid Fund But Cyclicality Threatens Its Interim Prospects

Calamos Convertible Opportunities and Income Fund provides leveraged exposure to convertible and vanilla high-yield bonds. That said, take note of CHI's large portion of unrated holdings. At face value, a yield in excess of 10% and a recent sell-off present a potential opportunity to income-seeking and value investors. Rushing into CHI's headline metrics might leave some disappointed. The fund reported a semi-annual net loss and reverted to ROC in recent months to sustain its yield.

Seeking Alpha • Jul 14, 2025

Closed-End Funds: Screening For Potential Opportunities To Kick Off H2 2025

We closed out the first half of 2025, making it an appropriate time to give the overall CEF space a fresh look for potential opportunities. As the broader equity indexes have been performing quite well, discounts in the CEF space have narrowed overall. The best relative value more broadly is in the municipal bond space and the "hybrid" funds.

Seeking Alpha • Jul 14, 2025

5 Best CEFs This Month For Yields Up To 15% (June 2025)

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

Seeking Alpha • Jun 28, 2025