Accounting for liquidating dividend

02-Dec-2017 05:39

The fund can invest in convertibles and other fixed income securities with the aim of generating a high level of total return through a combination of capital appreciation and income.

To help generate income and attempt to achieve a more favorable reward/risk profile, the fund’s investment team also has the flexibility to sell options.

November 2017 Our SVP, Director of Closed-End Fund Products Robert F. provides an November 2017 update on the closed-end fund market.

He discusses how the Calamos closed-end funds demonstrated their ability to optimize the use of leverage, and participate in the upside in multiple and diverse markets and disciplines while generating high distribution levels not necessarily correlated to fixed income markets.

On an annualized basis this distribution reflects a current yield of 8.02% based upon an IPO price of .00 per share This prospectus supplement, together with the accompanying prospectus, sets forth concisely the information that you should know before investing.

You should read the accompanying prospectus and prospectus supplement, which contain important information, before deciding whether to invest in our securities.

May 4, 2015 - Calamos Investments and the Board of Trustees for the Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD) announced today the declaration of the first monthly distributions since the launch of the fund on March 27, 2015.

Distributions may be subject to re-characterization for tax purposes after the end of the fiscal year.

Current Annualized Distribution Rate is the Fund’s most recent distribution, expressed as an annualized percentage of the Fund’s current market price per share.

Estimates are calculated on a tax basis rather than on a generally accepted accounting principles (GAAP) basis, but should not be used for tax reporting purposes.

Calamos also believes that the Complaint will not have a material adverse effect on the ability of Calamos to perform its obligations under its investment management agreement with the Fund.

Ordinary income includes net investment income and short-term capital gains.

Distributions may be subject to re-characterization for tax purposes after the end of the fiscal year.

Current Annualized Distribution Rate is the Fund’s most recent distribution, expressed as an annualized percentage of the Fund’s current market price per share.

Estimates are calculated on a tax basis rather than on a generally accepted accounting principles (GAAP) basis, but should not be used for tax reporting purposes.

Calamos also believes that the Complaint will not have a material adverse effect on the ability of Calamos to perform its obligations under its investment management agreement with the Fund.

Ordinary income includes net investment income and short-term capital gains.

See “Management of the Fund — Related-Party Transactions” in the Fund’s preliminary prospectus for additional details regarding the 10b5-1 Plan.