SCHEDULE: Equitable Holdings Reports Stake in Calamos Fund

Equitable Holdings, Inc. has reported beneficial ownership of 1,200,000 Series H Mandatory Redeemable Preferred Shares in Calamos Strategic Total Return Fund, representing 19.9% of the class.

Summary

• Equitable Holdings, Inc. has filed a Schedule 13G, indicating it beneficially owns 1,200,000 Series H Mandatory Redeemable Preferred Shares of Calamos Strategic Total Return Fund.
• This holding represents 19.9% of the total class of securities.
• The filing date is August 31, 2026, marking the event that requires this disclosure.
• Equitable Holdings, Inc. is organized in Delaware and its principal business office is located in New York, NY.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a change in beneficial ownership without significant new financial or strategic information.

Positives

• Equitable Holdings, Inc. is making a significant investment in Calamos Strategic Total Return Fund, potentially indicating confidence in the fund's strategy.
• The filing is a standard disclosure, ensuring transparency for investors regarding significant ownership stakes.

Negatives

• The filing does not provide any new financial performance data for either Equitable Holdings or Calamos Strategic Total Return Fund.
• The nature of the investment (preferred shares) may limit direct upside participation compared to common equity.

Risks

• The investment is subject to the performance and risks associated with the Calamos Strategic Total Return Fund's investment strategy.
• Changes in interest rates or market conditions could impact the value of the mandatory redeemable preferred shares.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it is a disclosure of beneficial ownership.

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 institutional investors frequently file Schedule 13G to report significant passive holdings in publicly traded entities. This filing by Equitable Holdings, Inc. is a routine disclosure reflecting a substantial investment in a specific fund.

Stakeholder Impact

• Shareholders of Calamos Strategic Total Return Fund may see increased stability or interest due to a significant institutional investor.
• Creditors and counterparties of Equitable Holdings, Inc. are informed of a substantial investment, impacting its asset allocation.

Next Steps

• Equitable Holdings, Inc. will continue to hold the Series H Mandatory Redeemable Preferred Shares.
• Future filings will be made if there are material changes in ownership.

Key Dates

Keywords

Calamos Strategic Total Return Fund, Equitable Holdings, Schedule 13G, Preferred Shares, Beneficial Ownership, Investment Holding