Press Release|Funds

KBRA Withdraws the Rating of Series B of the Mandatory Redeemable Preferred Shares redeemed by six Calamos Closed-End Funds

9 Sep 2024   |   New York

Contacts

KBRA withdraws the rating of 'AA-' with respect to Series B Mandatory Redeemable Preferred Shares for Calamos Convertible and High Income Fund, Calamos Convertible Opportunities and Income Fund, Calamos Dynamic Convertible and Income Fund, Calamos Global Total Return Fund, Calamos Global Dynamic Income Fund and Calamos Strategic Total Return Fund following the pay-off in full of the rated securities on the maturity date.

Fund Name Ticker MRPS Series CUSIP Amount ($mm) Distribution Rate Maturity Calamos Convertible and High Income Fund CHY B 12811P*34 $36.5 4.00% 6-Sep-24 Calamos Convertible Opportunities and Income Fund CHI B 1281172@6 $33.3 4.00% 6-Sep-24 Calamos Dynamic Convertible and Income Fund CCD B 12811V*31 $21.3 4.00% 6-Sep-24 Calamos Global Total Return Fund CGO B 128118*32 $4.0 4.00% 6-Sep-24 Calamos Global Dynamic Income Fund CHW B 12811L2@5 $21.5 4.00% 6-Sep-24 Calamos Strategic Total Return Fund CSQ B 128125*37 $80.5 4.00% 6-Sep-24 Securities Ratings To Be Withdrawn
Source: Calamos Advisors

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Disclosures

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

This credit rating is endorsed by Kroll Bond Rating Agency Europe Limited for use in the European Union and by Kroll Bond Rating Agency UK Limited for use in the UK. Information on a credit rating’s endorsement status is available on its rating page at KBRA.com.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

There are certain issuers, entities or transactions rated by KBRA Europe or KBRA UK that may be or have relationships with Shareholders and/or Shareholder-Related Companies, as that term is defined in KBRA’s Shareholder and Shareholder Related Companies for KBRA Europe and KBRA UK Policy and Procedure. Relevant disclosure information may be found here.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Doc ID: 1005797

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