CCD Research | Milton Maxwell

CCD

Calamos Dynamic Convertible and Income Fund

20.83

-0.33-1.56%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

563.55M

P/E (TTM)

17.07

Basic EPS (TTM)

1.22

Dividend Yield

Recent Filings

8-K

By-Laws amended for dispute forums

5/14/24May 14, 2024

Calamos Dynamic Convertible and Income Fund amended its By-Laws on May 14, 2024, to specify the forum for adjudicating disputes. This change aims to streamline legal proceedings for the closed-end fund. Details appear in Exhibit 3.2. It sharpens governance amid market volatility.

8-K

Governance docs clarified

8/26/21Aug 26, 2021

Calamos Dynamic Convertible and Income Fund amended and restated its Declaration of Trust and Bylaws effective August 23, 2021, to clarify provisions on preferred securities. This housekeeping move sharpens governance rules without altering core operations. No financial impacts disclosed. Changes filed as Exhibits 3.1 and 3.2.

8-K

Fund amends governance documents

1/12/21Jan 12, 2021

Calamos Dynamic Convertible and Income Fund amended its Declaration of Trust and Bylaws on January 11, 2021, effective January 12. Changes enable trustee elections by majority vote of outstanding securities, set specific trustee qualifications, and impose advance notice rules for shareholder proposals at meetings. These updates strengthen governance while curbing surprise nominations. No financial impacts disclosed.

8-K

Share buyback program finished

5/6/16May 6, 2016

Calamos Dynamic Convertible and Income Fund completed its share purchase program on May 6, 2016, as announced in a press release. The program, initiated by investment adviser Calamos Advisors LLC, involved buying common shares daily from July 7, 2015, through February 25, 2016, under specified price and volume limits. This repurchase supports share value amid market pressures. Details on shares repurchased remain undisclosed.

8-K

IPO over-allotment closes

5/13/15May 13, 2015

Calamos Dynamic Convertible and Income Fund closed the underwriters' partial exercise of the over-allotment option on May 13, 2015, issuing an additional 2,179,445 common shares for net proceeds of approximately $52 million, bringing total IPO shares to 24,379,445 and overall proceeds to $582 million. The investment adviser, Calamos Advisors LLC, launched an adjusted share purchase program starting July 7, 2015, through February 25, 2016, to buy up to $20 million in open-market shares when trading at a 2% or greater discount to net asset value, subject to market conditions and securities laws. This boosts liquidity. Forward-looking statements carry risks, as actual results may differ.

About

Calamos Dynamic Convertible and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities. The fund also invests through derivatives such as options. It employs fundamental analysis with a top-down global macroeconomic approach to create its portfolio. Calamos Dynamic Convertible and Income Fund was formed on March 11, 2014 and is domiciled in the United States.

CEO

Mr. John Peter Calamos Sr.

IPO

3/27/2015

Website

https://www.calamos.com/FundInvestor/ClosedEndFunds/CEFund.aspx?name=CCD

Sector

Financial Services

Industry

Asset Management