CSQ) to Raise Monthly Distribution Payable in February 2021

NAPERVILLE, Ailing., Jan. 21, 2021 /PRNewswire/ — Calamos Investments^®* introduced right this moment the elevating of the month-to-month distribution price of Calamos Strategic Whole Return Fund (Nasdaq: CSQ) from 9.25 cents per share to 10.25 cents per share payable on February 19, 2021. Representing an approximate 11% enhance from the prior distribution, the brand new distribution price displays on an annualized foundation a present distribution price of seven.70% based mostly upon the Fund’s market value of $15.98 per share on January 20, 2021.

CSQ Dividend Particulars

Actively managed, CSQ seeks whole return by means of a mixture of capital appreciation and present earnings by investing in a diversified portfolio of equities, convertible securities and excessive yield company bonds. Key components referring to the Fund’s success and its potential to boost its dividend presently embrace:

• Energetic administration fostered constructive efficiency in 2020
• Sturdy absolute and relative return profile enhanced by our threat managed method
• Very engaging leverage prices proceed to be accretive to our shareholders by way of a constructive reinvestment price of return
• Energetic portfolio positioning looking for to optimize engaging funding alternatives in convertible bond and fairness markets in 2021

The Fund is one among 5 Calamos closed-end funds that introduced a dividend enhance payable in February 2021. Reflecting on the energy of the Fund’s distributions, John P. Calamos, Sr., Founder, Chairman and International Chief Funding Officer, acknowledged, “We’re happy these funds are effectively positioned to boost their month-to-month dividends following our efficient energetic 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 engaging dividends throughout our closed-end fund lineup totaling practically $9 billion in belongings underneath administration as of 12/31/20, we stay dedicated to our closed-end fund shareholders to offer each engaging and sustainable distributions in order that they could higher take part within the portfolio’s returns.”

Further data relating to 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 concerning 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 earnings and capital positive aspects, 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 ‘earnings’. 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 in the course of the the rest of its fiscal 12 months and could also be topic to modifications based mostly on tax laws. The Fund will ship you a Type 1099 DIV for the calendar 12 months that can let you know easy methods to report these distributions for federal earnings tax functions.

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

Necessary Notes about Efficiency and Threat
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 beneath internet asset worth and could also be value roughly than your unique 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 each 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 beneath internet asset worth and could also be value roughly than your unique funding. Shares of closed-end funds often commerce at a reduction which is a market value that’s beneath their internet asset worth.

About Calamos
Calamos Investments is a diversified world funding agency providing progressive funding methods together with options, multi-asset, convertible, mounted earnings, and fairness. The agency provides methods by means of individually managed portfolios, mutual funds, closed-end funds, personal funds, and UCITS funds. Shoppers 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 workplaces in New York, San Francisco, Milwaukee and the Miami space. For extra data, please go to www.calamos.com.

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

SOURCE Calamos Investments

Associated Hyperlinks

http://www.calamos.com