Calamos Long/Short Equity & Dynamic Income Trust (CPZ)
Calamos Long/Short Equity & Dynamic Income Trust operates as a diversified, closed-end investment management entity focused on generating steady income and achieving judicious capital appreciation. It accomplishes these goals by deploying a proven global strategy of investing in both long and short equities, thereby offering hedged market exposure. Established on September 21, 2017, the trust's main office is situated in Naperville, Illinois.
Industry: Asset Management
Calamos Long/Short Equity & Dynamic Income Term Trust
NASDAQ:CPZFinancial Services · Asset Management
-2.07%$12.28
AH Close$12.28+0.00%vs close
AH Close$12.28+0.00%vs close
Mkt Cap$241.08M
Float19.55M
O/S19.63M
Inst Own30.1%
SI0.1%
Div Yield13.68%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$55.51M
Net Income$19.29M
Total Assets$671.26M
Free Cash Flow-$64.15M
Debt & Equity
Debt 27%
Equity 73%
Total Debt$120M
Total Equity$326.67M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CPZ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$671.26M
Liabilities$344.59M
Accounts Receivable$3.09M
Accounts Payable$5.71M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 |
| Revenue | $55.51M | $55.87M | $13.88M | -$38.8M | $113.72M | -$28.13M |
| YoY Growth | -0.6% | 302.4% | -135.8% | -134.1% | -504.3% | - |
| Cost of Revenue | $8.51M | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $47M | $55.87M | $13.88M | -$38.8M | $113.72M | -$28.13M |
| Gross Margin | 84.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $537K | $545K | $546K | $599K | $430K | $346K |
| Other | $21.16M | $2.91M | $13.34M | $3.36M | $2.65M | $1.43M |
| Total Operating Expenses | $21.7M | $3.46M | $13.88M | $3.96M | $3.08M | $1.77M |
| Operating Income (EBIT) | $25.3M | $52.41M | $11.01M | -$40.84M | $110.64M | -$29.9M |
| Operating Margin | 45.6% | 93.8% | 79.3% | 105.3% | 97.3% | 106.3% |
| Interest Expense | $5.99M | $7.08M | $6.62M | $1.91M | $516K | $309K |
| Interest Income | $19.84M | $20.88M | $8.66M | $7.91M | $6.35M | $6M |
| Other Income (Expense) | -$6.02M | $0 | $0 | -$1.91M | $0 | $0 |
| Income Before Tax (EBT) | $19.29M | $52.41M | $11.01M | -$42.75M | $110.64M | -$29.9M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $19.29M | $52.41M | $11.01M | -$42.75M | $110.64M | -$29.9M |
| Net Income Margin | 34.7% | 93.8% | 79.3% | 110.2% | 97.3% | 106.3% |
| Supplementary Data | ||||||
| EPS | 0.98 | 2.67 | 0.56 | -2.18 | 5.64 | -1.53 |
| Diluted EPS | 0.98 | 2.67 | 0.56 | -2.18 | 5.64 | -1.53 |
| Weighted Average OS | 19.63M | 19.66M | 19.66M | 19.61M | 19.62M | 19.54M |
| EBITDA | $25.3M | $52.41M | $28.81M | -$81.45M | $110.64M | -$59.29M |
| EBITDA Margin | 45.6% | 93.8% | 207.5% | 209.9% | 97.3% | 210.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $204.23M | $0 | $0 | $0 | $6.83M | $26K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $204.23M | $0 | $0 | $0 | $6.83M | $26K |
| Accounts Receivable | $3.09M | $2.65M | $23.59M | $100.73M | $2.45M | $9.76M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$207.32M | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $1.23M | $2.66M | $23.6M | $100.73M | $9.27M | $9.79M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $450.03M | $548.12M | $438.45M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $794.77M | $725.42M | $693.96M | -$450.03M | -$548.12M | -$438.45M |
| Total Long-Term Assets | $794.77M | $722.77M | $693.96M | $450.03M | $548.12M | $438.45M |
| Other Assets | $671.26M | $0 | $0 | $183.31M | $217.41M | $93.52M |
| Total Assets | $671.26M | $725.43M | $717.56M | $734.07M | $774.8M | $541.76M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $5.71M | $2.31M | $19.07M | $119.56M | $10.12M | $74.97M |
| Short-Term Debt | $166 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $218.51M | -$3.52M | $268.77M | -$2.73M | -$1.59M | -$582K |
| Total Current Liabilities | $218.51M | $1.21M | $19.07M | $119.56M | $10.12M | $74.97M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $120M | $120M | $120M | $120M | $120M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$120M | $258.91M | $253.71M | -$120M | $222.2M | $0 |
| Total Long-Term Liabilities | $240.61M | $378.91M | $373.71M | $119.56M | $342.2M | $69.2M |
| Other Liabilities | $126.09M | $1.1M | $123.97M | $148.2M | $0 | $55.11M |
| Total Liabilities | $344.59M | $381.22M | $392.78M | $387.32M | $352.32M | $199.28M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $392.63M | $392.63M | $392.63M | $392.63M | $392.64M | $392.64M |
| Retained Earnings | -$65.96M | -$48.42M | -$67.85M | -$45.88M | $29.84M | -$39K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | -$1 | $0 | $0 | $0 | $0 | -$50.13M |
| Total Equity | $326.67M | $344.21M | $324.78M | $346.75M | $422.48M | $342.47M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $671.26M | $725.43M | $717.56M | $734.07M | $774.8M | $541.76M |
| Supplementary Data | ||||||
| Total Debt | $120M | $120M | $120M | $120M | $120M | $69.2M |
| Net Debt | -$84.23M | $120M | $120M | $120M | $113.17M | $69.17M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 |
| Operating Activities | ||||||
| Net Income | $19.29M | $52.41M | $11.01M | -$42.75M | $110.64M | -$29.9M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $97K | $179K | -$31K | -$133K | $35K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$75K | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $345K | -$337K | -$136K | -$78K | $216K | $0 |
| Total Working Capital Change | $366K | -$157K | -$167K | -$211K | $250K | -$1.33M |
| Other Non-Cash Items | -$83.8M | $8.17M | $108.71M | $33.8M | -$1.16M | -$316.8M |
| Net Cash from Operating | -$64.15M | $60.43M | $119.55M | -$9.16M | $109.73M | -$348.04M |
| Investing Activities | ||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$952.39M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $1.02B | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $70.89M | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||
| Debt Repaid | - | - | - | - | -$50.8M | -$69.2M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $392.64M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$32.98M | -$32.98M | -$32.98M | -$30.63M | -$20.26M |
| Other Financing Activities | $0 | -$41K | -$1.72M | $973K | $790K | $0 |
| Net Cash from Financing | -$36.83M | -$33.02M | -$34.7M | -$32.01M | $20.96M | $441.58M |
| Forex Effect | -$61M | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$91.08M | $27.4M | $84.84M | -$41.17M | $130.69M | $93.54M |
| Supplementary Data | ||||||
| Operating Cash Flow | -$64.15M | $60.43M | $119.55M | -$9.16M | $109.73M | -$348.04M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$64.15M | $60.43M | $119.55M | -$9.16M | $109.73M | -$348.04M |
| Cash at Beginning | $295.31M | $267.91M | $183.06M | $224.23M | $93.54M | $0 |
| Cash at End | $204.23M | $295.31M | $267.91M | $183.06M | $224.23M | $93.54M |