SCHEDULE: MetLife Investment Management Divests Convertible Fund Shares

MetLife Investment Management, LLC has reported a complete divestment of its holdings in Calamos Convertible Opportunities & Income Fund's Series D Mandatory Redeemable Preferred Shares.

Summary

• MetLife Investment Management, LLC (the "Reporting Person") has filed an amendment to its Schedule 13G.
• As of August 31, 2026, the Reporting Person no longer beneficially owns any Series D Mandatory Redeemable Preferred Shares of Calamos Convertible Opportunities & Income Fund.
• This represents a 0% ownership stake in the class of securities.
• The filing indicates no sole or shared voting or dispositive power over any shares of this class.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this as a neutral to slightly negative filing, primarily due to the complete divestment of shares and the lack of any ongoing beneficial ownership, indicating a lack of current investment interest.

Negatives

• MetLife Investment Management, LLC has completely divested its holdings in the Series D Mandatory Redeemable Preferred Shares.
• The company now holds 0% of the class of securities.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
• "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct."

Industry Context

StockSavvy.ai notes that this filing indicates a complete exit by MetLife Investment Management from this specific class of securities in the Calamos Convertible Opportunities & Income Fund. This could signal a strategic shift away from this type of investment or a reassessment of the fund's prospects.

Stakeholder Impact

• Shareholders of Calamos Convertible Opportunities & Income Fund may note the complete divestment by a significant entity, which could influence market perception or trading dynamics of the Series D Mandatory Redeemable Preferred Shares.

Key Dates

Keywords

Mandatory Redeemable Preferred Shares, Convertible Securities, Investment Management, Divestment, Shareholder Filing