DEF 14A: Calamos Funds to Hold Joint Annual Meeting of Shareholders on June 26, 2024

Calamos Funds have scheduled a joint annual meeting of shareholders for June 26, 2024, to elect trustees and consider other business matters.

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 meeting will take place at 4:00 p.m., central time, at Calamos Advisors LLC in Naperville, Illinois.
• Shareholders of record as of May 3, 2024, are entitled to vote at the meeting.
• 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.
• The proposed trustees will serve until the 2027 annual meeting.
• The nominees for the board of each Fund are John E. Neal and Karen Stuckey.
• The board of trustees unanimously recommends voting 'For' the election of each nominee.
• The proxy statement and related materials are available online at www.Calamos.com/fundproxy.
• Shareholders can vote by mail, online, or by telephone, as detailed in the proxy statement.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, which is generally neutral in tone. The board's recommendation to vote 'For' the nominees adds a slightly positive element.

Positives

• The board of trustees is actively engaged in overseeing the funds, as evidenced by the regular meetings and committee structure.
• Shareholders have multiple options for voting, including mail, online, and telephone.
• The proxy statement is readily available online, promoting transparency.
• The board of trustees unanimously recommends voting 'For' the nominees, indicating a unified front.

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 announcement is a routine part of corporate governance for registered investment companies, ensuring shareholders have a voice in the election of trustees who oversee the funds' operations.

Comparison to Industry Standards

• The structure of the board, 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 standard practice for ensuring proper oversight and risk management.
• The disclosure of trustee compensation and ownership aligns with regulatory requirements and promotes transparency.
• The process for shareholder nominations of trustee candidates is consistent with industry norms.

Related Party Transactions

• Each Fund has entered into 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 participate in the governance of the Funds by voting on the election of trustees.
• The election of qualified trustees is important for ensuring the effective management and oversight 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 elected trustees will assume their roles and serve until the 2027 annual meeting.

Key Dates

Keywords

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