DEF: Calamos Funds Announce Joint Annual Meeting of Shareholders to Elect Trustees

Calamos Funds have scheduled a joint annual meeting of shareholders on June 23, 2025, to elect trustees for various funds.

Summary

• Calamos Convertible Opportunities and Income Fund, Calamos Convertible and High Income Fund, Calamos Strategic Total Return Fund, Calamos Global Total Return Fund, Calamos Global Dynamic Income Fund, Calamos Dynamic Convertible and Income Fund, and Calamos Long/Short Equity & Dynamic Income Trust will hold a joint annual meeting of shareholders on June 23, 2025.
• The primary purpose of the meeting is to elect trustees to the board of each fund.
• For most funds, shareholders will elect four trustees to serve staggered terms until the annual meetings in 2026, 2027, and 2028.
• Preferred shareholders of funds other than CPZ will separately elect one trustee to serve until the 2028 annual meeting.
• For CPZ, common shareholders will elect five trustees to serve staggered terms until the annual meetings in 2026, 2027, and 2028.
• Shareholders of record as of May 5, 2025, are entitled to vote at the meeting.
• The board of trustees recommends voting 'For' the nominees.
• The proxy statement and annual report are available online at www.Calamos.com/fundproxy.
• Calamos Advisors' assets under management as of December 31, 2024, were $40 billion, with $38 billion managed by Calamos Advisors.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, which is generally neutral in tone. The positive aspects include the board's recommendation to vote for the nominees and the multiple avenues for shareholders to vote. The document is well-organized and provides clear information to shareholders.

Positives

• The board of trustees is actively engaged in overseeing the funds, as evidenced by the multiple committees and meetings held.
• Shareholders have multiple options for voting, including mail, phone, and internet.
• The funds provide clear procedures for shareholders to nominate trustee candidates.
• The audit committee is comprised of independent members and has financial experts.
• The funds have a deferred compensation plan for non-interested trustees.

Future Outlook

The document outlines the election of trustees for staggered terms, indicating a focus on long-term governance and stability for the funds.

Management Comments

• John P. Calamos, Sr., Trustee and President, cordially invites shareholders to attend the joint annual meeting.
• The trustees of each Fund unanimously recommend that you vote 'For' the nominees on the enclosed proxy card(s).

Industry Context

The document reflects standard corporate governance practices for registered investment companies, including the election of trustees, establishment of committees, and communication with shareholders.

Comparison to Industry Standards

• The structure of the board of trustees, with a mix of interested and independent members, is typical for closed-end funds.
• The establishment of committees such as the Audit, Governance, and Valuation Committees aligns with best practices for fund oversight.
• The compensation structure for independent trustees is consistent with industry norms.
• The disclosure of beneficial ownership by trustees and officers is a standard regulatory requirement.

Related Party Transactions

• Each Fund has an Investment Management Agreement with Calamos Advisors, where Calamos Advisors provides portfolio management services in exchange for fees based on the Fund's managed assets.

Stakeholder Impact

• Shareholders have the opportunity to influence the governance of the funds through the election of trustees.
• The election of qualified trustees is intended to benefit shareholders by ensuring effective oversight of the funds' management and operations.

Next Steps

• Shareholders should review the proxy statement and vote on the election of trustees.
• The Funds will hold the joint annual meeting on June 23, 2025.
• The newly elected trustees will assume their roles, with terms beginning on June 23, 2025, or September 1, 2025, depending on the specific trustee and fund.

Key Dates

Keywords

trustees, election, Calamos Funds, shareholders meeting, proxy statement, investment management, fund governance