Welcome to our dedicated page for Calamos Dynamic Convertible & Income Fund news (Ticker: CCD), a resource for investors and traders seeking the latest updates and insights on Calamos Dynamic Convertible & Income Fund stock.
Calamos Dynamic Convertible & Income Fund (symbol: CCD) operates as a diversified, closed-end management investment company committed to delivering total return through a blend of current income and capital appreciation. The fund primarily invests in a diverse portfolio comprising convertible securities, investment-grade and below investment-grade bonds, loans, equity-linked notes, and floating rate securities. This strategic investment approach aims to leverage the unique characteristics of convertible securities to offer a balance between risk and reward.
As part of Calamos Investments, a globally recognized investment management firm founded in 1977 by John P. Calamos, Sr., CCD benefits from decades of expertise in convertible securities and alternative investments. Headquartered in the Chicago metropolitan area, Calamos Investments also maintains offices in London, New York, San Francisco, and Miami. The firm's clientele includes major corporations, pension funds, endowments, foundations, individual investors, as well as financial advisors and consultants.
Calamos recently launched the innovative Calamos Convertible Equity Alternative ETF (CVRT), marking a significant milestone as the first product of its kind to offer targeted access to equity-sensitive convertibles within a liquid, transparent, and tax-efficient ETF framework. This new addition underscores Calamos' commitment to expanding its comprehensive range of convertible strategies and meeting the evolving needs of financial advisors and investors.
Further enhancing its product suite, Calamos introduced the Calamos S&P 500 Structured Alt Protection ETF (CPSM) and the Calamos Nasdaq-100 Structured Alt Protection ETF (CPNJ). These funds offer investors protected exposure to leading indices, providing a unique blend of risk management and growth potential.
Calamos' diverse offerings are designed to cater to various investment needs through ETFs, mutual funds, closed-end funds, interval funds, UCITS funds, and separately managed portfolios. With a robust AUM and a dedicated focus on innovation, Calamos continues to be a leader in providing risk-managed, alternative investment strategies globally.
Calamos Dynamic Convertible and Income Fund (CCD) and two other Calamos funds will transition from managed to level distribution plans starting January 1, 2025. Under the new policy, CCD will maintain monthly distributions at 19.5 cents per share, while CHI and CHY will distribute 9.5 and 10 cents per share respectively.
The level distribution policy aims to provide stable, consistent, and predictable distribution rates. However, success depends on market conditions, interest rates, and overall market performance. Distributions may include return of capital if insufficient investment income is available, which could increase the funds' expense ratios. The funds may sell portfolio securities to meet distribution requirements, potentially at less opportune times.
Calamos Investments has launched two new ETFs: CPSD and CPNQ, tracking the S&P 500 and Nasdaq-100 respectively. Both ETFs offer 100% downside protection over a one-year period from December 2, 2024, to November 28, 2025. CPSD features an upside cap rate of 8.07%, while CPNQ offers 8.67%. Both funds have a 0.69% annual expense ratio and are managed by Co-CIO Eli Pars and the Alternatives Team. The ETFs reset annually, providing new upside caps and protection, with tax-efficient benefits for holdings exceeding one year.
Calamos Investments has announced estimated upside cap ranges for two upcoming Structured Protection ETFs: Calamos S&P 500® Structured Alt Protection ETF™ – October (CPSO) and Calamos Russell 2000® Structured Alt Protection ETF™ – October (CPRO). These ETFs offer 100% downside-protected exposure to their respective indexes over a one-year outcome period, before fees and expenses.
Key details:
- CPSO: Estimated upside cap range of 6.69% - 7.42%
- CPRO: Estimated upside cap range of 8.24% - 9.16%
- Both ETFs have a one-year outcome period from 10/1/2024 to 9/30/2025
- Annual expense ratio: 0.69%
- Portfolio managed by Co-CIO Eli Pars and the Alternatives Team
These ETFs reset annually, offering new upside caps with refreshed protection against negative returns. They can provide tax benefits if held longer than one year.
Calamos Investments has launched two new ETFs: Calamos S&P 500® Structured Alt Protection ETF – September (CPST) and Calamos Nasdaq-100® Structured Alt Protection ETF – September (CPNS). These ETFs offer 100% downside protection to their respective indexes over a one-year outcome period, with attractive upside cap rates. CPST has an upside cap rate of 7.50%, while CPNS offers 8.35%.
These launches expand Calamos' Structured Protection ETF series, providing monthly entry points to capital-protected growth strategies for major US equity benchmarks. The ETFs reset annually, offering new upside caps and refreshed protection. They also provide potential tax benefits, with gains growing tax-deferred at long-term capital gains rates if held longer than one year.
Calamos Investments has announced the estimated upside cap ranges for two new Structured Protection ETFs: CPST (S&P 500) and CPNS (Nasdaq-100). These ETFs offer 100% downside protection over a one-year outcome period, with attractive upside potential.
Key details:
- CPST: Estimated upside cap range of 7.39% - 8.57%
- CPNS: Estimated upside cap range of 7.82% - 9.18%
- Launch date: September 3, 2024
- Annual expense ratio: 0.69%
- Portfolio management: Co-CIO Eli Pars and the Alternatives Team
These ETFs are part of Calamos' expanding Structured Protection ETF series, offering monthly entry points to capital-protected growth strategies for major US equity benchmarks.
Calamos Investments has launched the Calamos Nasdaq-100 Structured Alt Protection ETF (CPNJ), providing 100% downside protection and a 10.20% upside cap over a one-year period from June 3, 2024, to May 30, 2025. This follows the launch of the Calamos S&P 500 Structured Alt Protection ETF (CPSM), which has grown to over $100 million in assets since May 1st. The new ETF offers tax-deferred growth, resetting annually to provide a refreshed upside cap and continued downside protection. Managed by Co-CIO Eli Pars and the Alternatives Team, CPNJ aims to de-risk investments while staying engaged with the Nasdaq-100.
Calamos Investments announced the launch of the Calamos S&P 500® Structured Alt Protection ETF™ – May (ticker: CPSM) with a 9.81% cap rate, offering investors protected exposure to the S&P 500. The ETF provides 100% downside protection over a one-year period and combines Calamos' alternatives and options investing expertise within an ETF structure. CPSM will reset annually, providing a new upside cap with refreshed protection. The ETF aims to deliver tax alpha for long-term investors.
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