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

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. , Dec. 1, 2025 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in December 2025 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

PRNewsWire • Dec 1, 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

CHI: Stable Convertible CEF With A Double-Digit Yield

Calamos Convertible Opportunities and Income Fund offers a high 11.3% yield and monthly income, but recent price declines and NAV stagnation temper enthusiasm. The fund's heavy exposure to below-investment-grade and unrated debt, plus aggressive leverage, increases risk in a high-rate environment. CHI trades at a premium to NAV, making its valuation less attractive until interest rate cuts materialize or market conditions improve.

Seeking Alpha • Jun 19, 2025

CHI: Nearly 12% Yield, Convertibles Fund, Getting Close To A Buy Point

Calamos Convertible Opportunities and Income Fund (CHI) is a dynamically managed high-yield, fixed-income fund that focuses on generating high current income. Its investment portfolio consists of convertible securities and fixed-income corporate bonds. CHI currently offers a very attractive 11.70% distribution yield and is currently trading at a small premium of roughly +4%. However, there are some risks involved depending on the direction of interest rates. The fund is getting close to being fairly priced, but it can still get cheaper from current levels.

Seeking Alpha • Apr 6, 2025

CHI: Looking At Recession Exposure

The Calamos Convertible Opportunities and Income Fund offers high income potential without sacrificing the upside of equities, better for fighting inflation than traditional bonds. Despite recent underperformance, the CHI closed-end fund's net asset value decline is less severe, suggesting a correction from a previously high premium. The fund appears to be rotating into traditional bonds, which could be a smart strategy, but it is still overweight convertibles.

Seeking Alpha • Mar 12, 2025