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 that shareholders vote 'For' the nominees.
• The proxy statement and related materials are available online at www.Calamos.com/fundproxy.

Sentiment

Score: 7

Explanation: The document is a routine proxy statement, indicating a neutral to slightly positive sentiment due to the standard governance processes being followed.

Positives

• The board of trustees unanimously recommends voting 'For' the election of the nominees, suggesting confidence in their abilities.
• The meeting is being held to ensure proper governance and representation of shareholder interests.

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, cordially invited 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

This proxy statement is a standard communication for registered investment companies, ensuring shareholders are informed and can participate in the governance of the funds.

Comparison to Industry Standards

• The structure of the board of trustees, with a majority of independent trustees, aligns with industry best practices for closed-end funds.
• The establishment of committees such as the Audit, Governance, and Valuation Committees is consistent with corporate governance standards for investment companies.
• The disclosure of trustee compensation and ownership of fund shares is in line with regulatory requirements and promotes transparency.

Related Party Transactions

• Each Fund has entered into an Investment Management Agreement with Calamos Advisors, where Calamos Advisors provides portfolio management services in consideration 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 intended to ensure the effective management and oversight of the funds, benefiting shareholders.

Next Steps

• Shareholders should review the proxy statement and vote on the election of trustees.
• The joint annual meeting will be held on June 26, 2024, where the election results will be announced.

Key Dates

Keywords

trustees, election, Calamos Funds, annual meeting, shareholders, proxy statement, investment management