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

CHY: 10% Yield On Convertibles

CHY: 10% Yield On Convertibles

Seeking Alpha • Dec 19, 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

CSQ to Raise Monthly Distribution METRO CHICAGO, Ill. , Dec. 18, 2025 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in 2026 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

PRNewsWire • Dec 18, 2025

CHY: Discounted Valuation On This Steady Convertible Fund (Rating Upgrade)

Calamos Convertible & High Income Fund is upgraded to a Buy, now trading at a 3.18% discount to NAV versus its historical premium. CHY offers a 10.6% yield, prioritizing capital preservation and income reliability, making it suitable for investors seeking stability amid market uncertainty. The fund's diversified strategy blends convertible securities and income assets, but aggressive leverage (34.41%) poses risks in high-rate environments.

Seeking Alpha • Oct 3, 2025

CHY: Not The Ideal Time For This Convertible Fund

CHY offers an attractive 11% yield and monthly distributions, but recent performance has suffered due to high interest rates and inconsistent earnings. The fund's heavy use of leverage and significant exposure to below-investment-grade and unrated debt heighten risk, especially if rates remain elevated. CHY trades at a small premium to NAV, but its price has declined and capital appreciation potential is limited; total returns rely mainly on distributions.

Seeking Alpha • Jul 18, 2025

CHY: Expensive And Riskier Than Would Be Expected From A Bond Fund

The Calamos Convertible & High Income Fund offers a high yield of 11.73%, higher than domestic convertible and junk bond indices, appealing to income-oriented investors. Convertible bonds, less volatile than stocks, provide downside protection and upside potential, making them suitable for risk-averse investors, including retirees. The fund's recent underperformance is due to its high leverage and significant exposure to the underperforming technology sector, despite its overall potential for reduced volatility.

Seeking Alpha • May 9, 2025

5 Best CEFs This Month: Average Yield Of 10% (February 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 • Feb 23, 2025

CHY: Well-Positioned, But Extremely Expensive

Calamos Convertible & High Income Fund offers high-income and equity market exposure, making it attractive for yield-seeking investors. The CHY closed-end fund's 10.69% yield is competitive, though not the highest in its category, and its performance has been strong, especially over the past five years. CHY is overweight convertible bonds, which is very good for protection against inflation.

Seeking Alpha • Feb 21, 2025

Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD), Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI), Calamos Convertible and High Income Fund (NASDAQ: CHY) to Adopt Level Distribution Policy

METRO CHICAGO, Ill. , Dec. 18, 2024 /PRNewswire/ -- Calamos Investments® announced today that Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD), Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI), and Calamos Convertible and High Income Fund (NASDAQ: CHY) will transition from a managed distribution plan to a level distribution plan effective as of January 1, 2025.

PRNewsWire • Dec 18, 2024

CHY: This Expensive Convertibles Fund Has A Good Track Record

The Calamos Convertible and High Income Fund offers a 9.84% yield, lower than some peers, but it has outperformed them over the past five years. The fund's balanced investment in convertible bonds and high-yield debt provides stability and potential for sustained distributions, despite market volatility. The fund's allocation to convertibles continues to increase, which could be due to these securities delivering better performance than bonds recently.

Seeking Alpha • Dec 4, 2024