Weekly Closed-End Fund Roundup (October 11, 2026)

CEFs were mixed this week: 10 of 26 sectors rose on price (average -0.02%) and 15 of 26 on NAV (average +0.15%); MLPs led while Senior Loans lagged.

Seeking Alpha • Oct 18, 2026

CHI To CHY: Swap Into The Cheaper Calamos Convertible Twin

Calamos Convertible Opportunities and Income Fund and Calamos Convertible and High Income Fund hold nearly identical portfolios but trade far apart. CHI trades at a +1.88% premium versus CHY's -3.86% discount, a 5.74-point gap that sits roughly 1.5 standard deviations above its one-year average. With a 0.999 correlation in daily NAV moves, swapping CHI for CHY picks up about 5.7 points of discount and a higher yield on price (10.05% versus 9.58%).

Seeking Alpha • Oct 6, 2026

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

PRNewsWire • Oct 1, 2026

Calamos Convertible & High Income Fund Q2 2026 Commentary

For the quarter ending June 30, 2026, Calamos Convertible & High Income Fund rose 24.62% on NAV and 28.01% on market price. The fund benefited from security selection and an average overweight allocation in information technology, as holdings in technology hardware, storage & peripherals and semiconductor materials & equipment added to returns. Relative to the comparator index, security selection within the real estate sector dampened relative performance, as holdings in data center REITs and real estate services lost ground.

Seeking Alpha • Sep 4, 2026

Calamos Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CHW, CGO and CCD) Announce Private Placements Totaling $248.25 Million of Mandatory Redeemable Preferred Shares

METRO CHICAGO, Ill., Aug. 26, 2026 /PRNewswire/ -- The Boards of Trustees of six of Calamos Investments' closed-end funds (the Funds) today announced the issuance of additional series of mandatory redeemable preferred (MRP) shares totaling $248.25 million.

PRNewsWire • Aug 26, 2026

CHY: A 9.2% Yield That's Still Well-Covered, But Watch The Rate Risk

Calamos Convertible & High-Income Fund maintains a buy rating due to strong dividend coverage and a 9.2% yield, despite a slight premium to NAV. CHY's performance is driven by net realized gains, not net investment income, raising concerns about sustainability if markets weaken or rates rise. The fund's heavy technology sector allocation and aggressive leverage (31.54% of assets) amplify both upside potential and risk in volatile markets.

Seeking Alpha • Jul 22, 2026

CHY: Some AI Exposure And A Better Fund Than Most Bond Funds

The Calamos Convertible & High Income Fund (CHY) offers a 9.35% yield, blending convertible bonds and high-yield corporates for both income and capital appreciation. CHY's portfolio is heavily weighted toward convertible bonds (69.09%), providing inflation protection and diversification away from the 'Magnificent 7' tech stocks. CHY consistently covers its distribution through realized gains and leverage, supporting its high yield and monthly payout reliability.

Seeking Alpha • May 12, 2026

How To Invest $100,000 Today: 5 Strategies For Success

The market environment is challenging, to say the least. We discuss how one should invest in today's market. The article presents five different investment strategies, including a fixed-income strategy, high-income strategy, sleep-well-at-night strategy, growth-focused strategy, and the Near-Perfect Portfolio strategy. Selecting a strategy aligned with personal risk tolerance and sticking to it through cycles is critical for long-term success.

Seeking Alpha • Apr 25, 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

CHY: Well-Supported 10% Dividend Yield

Calamos Convertible & High Income Fund remains a solid choice, trading near fair value with a 10% yield and strong dividend coverage. CHY consistently generates earnings exceeding distributions, supporting NAV growth and reducing risk of dividend cuts, though net investment income remains negative.

Seeking Alpha • Feb 23, 2026