Calamos Dynamic Convertible and Income Fund prices USD 28 million private placement of mandatory redeemable preferred shares

Reuters2026/08/26 20:08

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Calamos Dynamic Convertible and Income Fund completed a private placement of USD 28 million of Series I mandatory redeemable preferred shares.
Shares carry a 3-year mandatory redemption date of Aug. 24, 2029.
Initial monthly cash dividend set at 6.03%, subject to adjustment under certain circumstances.
KBRA assigned an AA- rating to the Series I preferred shares.
Proceeds add financial leverage for the fund.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Calamos Dynamic Convertible and Income Fund published the original content used to generate this news brief via PR Newswire (Ref. ID: CG33746) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Calamos Dynamic Convertible and Income Fund prices USD 28 million private placement of mandatory redeemable preferred shares

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