SCHEDULE: MetLife Investment Management Divests Calamos Fund Shares

MetLife Investment Management, LLC has reported a complete divestment of its holdings in Calamos Dynamic Convertible & 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 Dynamic Convertible & Income Fund.
• This represents a 0% ownership stake, down from a previous holding.
• The filing indicates that the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this as a negative sentiment due to the complete divestment of shares, indicating a lack of confidence or strategic shift away from the issuer.

Negatives

• MetLife Investment Management, LLC has zero beneficial ownership of Series D Mandatory Redeemable Preferred Shares in Calamos Dynamic Convertible & Income Fund as of August 31, 2026.
• The Reporting Person holds 0% of the class of securities.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to a change in ownership status.

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 a complete divestment by a significant entity like MetLife Investment Management can signal a lack of confidence in the specific security or a broader strategic reallocation of assets within the investment management sector.

Stakeholder Impact

• Shareholders of Calamos Dynamic Convertible & Income Fund may view this divestment by a notable investor as a negative signal, potentially impacting share price or investor sentiment.

Key Dates

Keywords

Mandatory Redeemable Preferred Shares, Convertible Fund, Investment Management, Divestment, Ownership