DEF 14A: Calamos Funds Set to Elect Trustees at Joint Annual Meeting

Calamos Funds are holding a joint annual meeting on June 26, 2024, to elect two trustees for each fund.

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 26, 2024.
• The primary purpose of the meeting is to elect two trustees for each fund, with the exception of Calamos Long/Short Equity & Dynamic Income Trust (CPZ), where the election is solely by common shareholders.
• For all funds except CPZ, the election of trustees will be by the holders of common and preferred shares, voting together as a single class.
• The elected trustees will serve until the annual meeting of shareholders in 2027.
• Shareholders of record as of May 3, 2024, are entitled to vote at the meeting.
• The board of trustees recommends voting 'For' the nominees.
• Shareholders can vote by mail, online, or by telephone.

Sentiment

Score: 7

Explanation: The document is a routine proxy statement, presenting standard information about the upcoming shareholder meeting and trustee elections. The tone is neutral and informative, reflecting the necessary disclosures for corporate governance.

Positives

• The board of trustees unanimously recommends voting 'For' the election of the trustee nominees.
• Shareholders have multiple options for voting: by mail, online, or telephone.
• The proxy statement and related materials are readily available online at www.Calamos.com/fundproxy.

Future Outlook

The elected trustees will serve until the annual meeting of shareholders in 2027, or until their successors are elected and qualified.

Management Comments

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

Industry Context

This is a standard proxy filing for closed-end funds, ensuring compliance with SEC regulations and providing shareholders with the opportunity to participate in the governance of the funds.

Comparison to Industry Standards

• The structure of the board of trustees, with a mix of interested and independent trustees, is typical for closed-end funds.
• The committee structure, including Audit, Governance, and Valuation Committees, aligns with industry best practices for fund oversight.
• The compensation structure for independent trustees, including retainers and meeting fees, is consistent with industry norms.
• The process for shareholder nomination of trustee candidates is in line with SEC guidelines and allows for shareholder input into the governance process.

Related Party Transactions

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

Stakeholder Impact

• Shareholders have the opportunity to participate in the governance of the Funds by voting on the election of trustees.
• The election of qualified trustees is important for the effective oversight and management of the Funds, which impacts shareholder value.

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 26, 2024.
• The newly elected trustees will assume their roles.

Key Dates

Keywords

trustees, election, annual meeting, Calamos Funds, proxy statement, shareholders, voting