Calamos Announces Redemption Dates of Auction Rate Preferred Securities for Calamos Convertible Opportunities and Income Fund (C
29 Juli 2009 - 10:00PM
PR Newswire (US)
- Calamos Convertible Opportunities and Income Fund to redeem all
$104 Million of its outstanding Auction Rate Preferred Securities
(ARPS). - After this step, ARPS redemptions for four of Calamos'
five closed-end funds (CHI, CHY, CSQ and CGO) will be complete. -
Redemption dates for the last fund, Calamos Global Dynamic Income
Fund (CHW), are expected to be announced in the coming months.
NAPERVILLE, Ill., July 29 /PRNewswire-FirstCall/ -- Calamos
Investments announced today redemption dates for all outstanding
Auction Rate Preferred Securities (ARPS) for the Calamos
Convertible Opportunities and Income Fund (NYSE:CHI). Series, CUSIP
and redemption date specifics are shown in the table below: Series
CUSIP Redemption Date ------ ----- --------------- W28 128117603
August 13, 2009 --- --------- --------------- M 128117207 August
18, 2009 - --------- --------------- TU 128117306 August 19, 2009
-- --------- --------------- W 128117405 August 20, 2009 -
--------- --------------- TH7 128117702 August 21, 2009 ---
--------- --------------- TH 128117504 August 21, 2009 -- ---------
--------------- F7 128117801 August 24, 2009 -- ---------
--------------- Calamos filed a Rule 23c-2 notice on July 29, 2009
which details the redemption dates for the CHI ARPS. The filing can
be found on the SEC website at:
http://www.sec.gov/Archives/edgar/data/1171471/000095012309026730/c52643nv23cv
2.htm On May 19, 2009, Calamos announced that it had received Board
approval and intends to complete refinancing of all outstanding
auction rate preferred securities for the Calamos Closed End Funds.
Calamos will release details surrounding the timing of the
refinancing of the last fund, CHW, and its respective series
shortly. Currently, the company anticipates that redemptions will
occur over the course of the next several weeks. About Calamos
Asset Management, Inc. Calamos Asset Management, Inc. is a globally
diversified investment firm offering equity, fixed-income,
convertible and alternative investment strategies, among others.
The firm serves institutions and individuals around the world via
separately managed accounts and a family of open-end and closed-end
funds, providing a risk-managed approach to capital appreciation
and income-producing strategies. For more information, visit
http://www.calamos.com/ From time to time, information or
statements provided by us, including those within this news
release, may contain certain forward-looking statements relating to
future events, future transactions, future financial performance,
future potential costs, expectations, the competitive and
regulatory environment and future market conditions.
Forward-looking statements are based on information available at
the time those statements are made and/or management's good faith
belief as of that time with respect to future events, and are
subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements. Such risks and
uncertainties include, but are not limited to: catastrophic or
unpredictable events, changing costs of leverage, strategy
implementation obstacles, fluctuations in the financial markets and
the competitive conditions in the fund, asset management and
broader financial services sectors and other risks inherent in the
financial and trading markets, including liquidity issues.
DATASOURCE: Calamos Asset Management, Inc. CONTACT: Scott
Henderson, Associate Vice President of Calamos Investments,
+1-630-245-7223, Web Site: http://www.calamos.com/
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