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

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

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

CHY: 10% Yield On Convertibles

CHY: 10% Yield On Convertibles

Seeking Alpha • Dec 19, 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