Correct Success: CPZ) to Raise Monthly Distribution Payable in February 2021

NAPERVILLE, In poor health., Jan. 21, 2021 /PRNewswire/ — Calamos Investments^®* introduced at present the elevating of the month-to-month distribution fee of Calamos Lengthy/Brief Fairness & Dynamic Revenue Belief (Nasdaq: CPZ) from 12.00 cents per share to 13.00 cents per share payable on February 19, 2021. Representing an approximate 8% improve from the prior distribution, the brand new distribution fee displays on an annualized foundation a present distribution fee of 8.60% based mostly upon the Fund’s market value of $18.14 per share on January 20, 2021. This $0.01 month-to-month distribution improve represents the second of such dividend raises to shareholders since December 2020.

CPZ Dividend Particulars

Month-to-month Dividend Declaration	Distribution	Payable date	Report date	Ex-dividend date
January 21, 2021	$0.1300	02/19/21	02/12/21	02/11/21

Actively managed, CPZ is a worldwide whole return providing that seeks to offer present revenue and risk-managed capital appreciation by investing in a protracted/quick fairness technique and a broad array of income-producing belongings comprising a worldwide method. Key elements regarding the Fund’s success and its capacity to lift its dividend right now embrace:

Energetic threat administration of portfolio, targeted on world shares and revenue producing securities, fostered the Fund’s constructive efficiency in This fall 2020
Very enticing leverage prices proceed to be accretive to our shareholders by way of a constructive reinvestment fee of return
Energetic portfolio positioning looking for to optimize enticing funding alternatives in world fairness markets in 2021

The Fund is considered one of 5 Calamos closed-end funds that introduced a dividend improve payable in February 2021. Reflecting on the energy of the Fund’s distributions, John P. Calamos, Sr., Founder, Chairman and World Chief Funding Officer, acknowledged, “We’re happy these funds are nicely positioned to lift their month-to-month dividends following our efficient lively administration, leading to sturdy portfolio efficiency in 2020, in addition to our market positioning to optimize alternatives we see for our shareholders in 2021. As demonstrated by the enticing dividends throughout our closed-end fund lineup totaling almost $9 billion in belongings below administration as of 12/31/20, we stay dedicated to our closed-end fund shareholders to offer each enticing and sustainable distributions in order that they could higher take part within the portfolio’s returns.”

Extra info concerning the estimated quantity of the sources of the Fund’s month-to-month distribution for functions of Part 19 of the Funding Firm Act of 1940, as amended (“1940 Act”), and the associated guidelines adopted thereunder, might be supplied in a separate launch nearer to the Fund’s payable date.

You shouldn’t draw any conclusions in regards to the Fund’s funding efficiency from the quantity of this distribution or from the phrases of the Fund’s plan. If the Fund estimates that it has distributed greater than its revenue and capital positive factors, a portion of your distribution could also be a return of capital. A return of capital could happen, for instance, when some or the entire cash that you just invested within the Fund is paid again to you. A return of capital distribution doesn’t essentially mirror the Fund’s funding efficiency and shouldn’t be confused with ‘yield’ or ‘revenue’. The quantities and sources of distributions reported are solely estimates and should not being supplied for tax reporting functions. The precise quantities and sources of the quantities for accounting and tax functions will rely upon the Fund’s funding expertise throughout the the rest of its fiscal yr and could also be topic to adjustments based mostly on tax laws. The Fund will ship you a Type 1099 DIV for the calendar yr that may inform you report these distributions for federal revenue tax functions.

An innovator in dynamically allotted closed finish funds since 2002, Calamos Investments at the moment manages almost $9 billion as of 12/31/20 in seven closed finish funds. Extra details about the funds might be discovered on www.calamos.com.

Necessary Notes about Efficiency and Danger
Previous efficiency is not any assure of future outcomes. As with different investments, market value will fluctuate with the market and upon sale, your shares could have a market value that’s above or under internet asset worth and could also be price kind of than your authentic funding. Returns at NAV mirror the deduction of the Fund’s administration charge, debt leverage prices and different bills. You should buy or promote widespread shares every day. Like every other inventory, market value will fluctuate with the market. Upon sale, your shares could have a market value that’s above or under internet asset worth and could also be price kind of than your authentic funding. Shares of closed-end funds continuously commerce at a reduction which is a market value that’s under their internet asset worth.

About Calamos
Calamos Investments is a diversified world funding agency providing progressive funding methods together with alternate options, multi-asset, convertible, fastened revenue, and fairness. The agency provides methods by way of individually managed portfolios, mutual funds, closed-end funds, non-public funds, and UCITS funds. Purchasers embrace main firms, pension funds, endowments, foundations and people, in addition to the monetary advisors and consultants who serve them. Headquartered within the Chicago metropolitan space, the agency additionally has places of work in New York, San Francisco, Milwaukee and the Miami space. For extra info, please go to www.calamos.com.

*Calamos Investments LLC, referred to herein as Calamos Investments®, is a monetary providers firm providing such providers by way of its subsidiaries: Calamos Advisors LLC, Calamos Wealth Administration LLC, Calamos Investments LLP and Calamos Monetary Companies LLC.