CALAMOS STRATEGIC TOTAL RETURN FUND (CSQ)
The Calamos Strategic Total Return Fund functions as a closed-end balanced mutual fund, originally launched by Calamos Investments LLC and currently managed by Calamos Advisors LLC. This fund primarily allocates capital within the public equity and fixed income markets of the United States, targeting investments in companies operating across a wide range of sectors. Its portfolio predominantly features common and preferred stocks from businesses of all market capitalizations, alongside convertible securities and high-yield corporate bonds, which typically maintain an average S&P credit rating of BB. To construct its investment holdings, the fund utilizes a comprehensive analytical framework, integrating both fundamental and quantitative methods, coupled with a blend of bottom-up and top-down security selection strategies. Established on December 31, 2003, the fund is legally domiciled in the United States.
Industry: Asset Management
Calamos Strategic Total Return Fund
NASDAQ:CSQFinancial Services · Asset Management
-0.60%$19.75
AH Close$19.75+0.00%vs close
AH Close$19.75+0.00%vs close
Mkt Cap$3.17B
Float160.11M
O/S160.37M
Inst Own24.1%
Div Yield7.49%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$347.13M
Net Income$721.78M
Total Assets$4.76B
Free Cash Flow-$12.35M
Debt & Equity
Debt 29%
Equity 71%
Total Debt$1.37B
Total Equity$3.34B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CSQ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.76B
Liabilities$1.42B
Accounts Receivable$11.64M
Accounts Payable$37.38M
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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | 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 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 |
| Revenue | $347.13M | $863.77M | $274.34M | $230.6M | $1.01B | $226.16M | $260.22M | $75.01M | $407.27M | $122.42M | $135.72M |
| YoY Growth | -59.8% | 214.9% | 19.0% | -77.3% | 348.3% | -13.1% | 246.9% | -81.6% | 232.7% | -9.8% | - |
| Cost of Revenue | $43.38M | $62.34M | $34.39M | $37.58M | $15.51M | $29.96M | $29.12M | $29.47M | $25.85M | $24.28M | $26.62M |
| Gross Profit | $303.76M | $863.77M | $239.95M | $193.02M | $1.01B | $196.2M | $231.1M | $45.54M | $381.41M | $98.13M | $109.1M |
| Gross Margin | 87.5% | 100.0% | 87.5% | 83.7% | 100.0% | 86.8% | 88.8% | 60.7% | 93.7% | 80.2% | 80.4% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.61M | $1.48M | $1.51M | $1.68M | $1.51M | $1.43M | $1.45M | $1.49M | $1.68M | $0 | $0 |
| Other | -$483.41M | $367K | $82K | $47K | $129K | $254K | $172K | $170K | $163K | $154.51M | $79.01M |
| Total Operating Expenses | -$481.8M | $1.84M | $1.59M | $1.73M | $1.64M | $1.69M | $1.63M | $1.66M | $1.84M | $154.51M | $79.01M |
| Operating Income (EBIT) | $785.55M | $924.24M | $226.26M | -$578.35M | $1.01B | $242.65M | $258.59M | $97.61M | $417.02M | $53.02M | $30.09M |
| Operating Margin | 226.3% | 107.0% | 82.5% | -250.8% | 99.8% | 107.3% | 99.4% | 130.1% | 102.4% | 43.3% | 22.2% |
| Interest Expense | $63.8M | $62.34M | $56.66M | $24.59M | $15.51M | $18.2M | $29.01M | $24.25M | $11.6M | $0 | $6.31M |
| Interest Income | $79.9M | $54.23M | $46.48M | $34.25M | $32.08M | $35.68M | $37.84M | $28.87M | $33.03M | $0 | $0 |
| Other Income (Expense) | -$63.77M | -$62.31M | -$56.62M | -$24.62M | -$15.51M | -$18.18M | $0 | -$19K | $11.62M | -$16.38M | -$6.31M |
| Income Before Tax (EBT) | $721.78M | $861.93M | $169.64M | -$602.97M | $1.01B | $224.47M | $258.59M | $73.35M | $405.42M | $53.02M | $23.78M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $417.01M | $77.54M | $0 |
| Net Income | $721.78M | $861.93M | $169.64M | -$602.97M | $1.01B | $224.47M | $258.59M | $73.35M | $405.42M | $77.54M | $23.78M |
| Net Income Margin | 207.9% | 99.8% | 61.8% | -261.5% | 99.8% | 99.3% | 99.4% | 97.8% | 99.5% | 63.3% | 17.5% |
| Supplementary Data | |||||||||||
| EPS | 4.50 | 5.37 | 1.07 | -3.82 | 6.52 | 1.45 | 1.67 | 0.48 | 2.62 | 0.50 | 0.15 |
| Diluted EPS | 4.50 | 5.37 | 1.07 | -3.82 | 6.52 | 1.45 | 1.67 | 0.48 | 2.62 | 0.50 | 0.15 |
| Weighted Average OS | 160.37M | 160.37M | 158.54M | 157.85M | 155.24M | 154.97M | 154.74M | 152.82M | 154.51M | 154.51M | 154.51M |
| EBITDA | $785.55M | $924.24M | $226.3M | -$578.38M | $1.03B | $242.65M | $258.59M | $73.37M | $417.02M | $53.02M | $30.09M |
| EBITDA Margin | 226.3% | 107.0% | 82.5% | -250.8% | 101.4% | 107.3% | 99.4% | 97.8% | 102.4% | 43.3% | 22.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | 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 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $136.96M | $154.7M | $74.72M | $152.7M | $164.65M | $94K | $105K | $116K | $0 | $24K | $33K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $63.58M | $134.06M | $187.36M |
| Cash and Short-Term Investments | $136.96M | $154.7M | $74.72M | $152.7M | $164.65M | $94K | $105K | $116K | $63.58M | $134.08M | $187.39M |
| Accounts Receivable | $11.64M | $25.87M | $11.15M | $12.72M | $29.27M | $12.86M | $14.54M | $15.34M | $61M | $115.35M | $70.44M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $93.21M | $110.25M | $0 | $0 | $0 |
| Other Current Assets | -$148.59M | -$154.7M | -$74.72M | -$152.7M | -$987K | $24.08M | -$14.65M | -$110.25M | -$124.58M | -$249.43M | -$257.83M |
| Total Current Assets | $1.21M | $27.07M | $11.15M | $12.72M | $193.92M | $12.95M | $14.65M | $15.45M | $61M | $0 | $0 |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $7.41M | $3.99B | $3.21B | $3.12B | $3.95B | $3B | $2.91B | $2.84B | $2.75B | $0 | $2.4B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $154.96M | $0 | $0 | $0 | $0 | $0 | -$2.84B | -$2.75B | $0 | $330K |
| Total Long-Term Assets | $4.76B | $4.14B | $3.21B | $3.12B | $3.95B | $3B | $2.91B | $2.84B | $2.75B | $0 | $0 |
| Other Assets | $4.76B | $4.17B | $75.96M | $153.94M | $1.24M | $3.02B | $1.11M | $1.17M | $1.26M | $2.53B | $2.66B |
| Total Assets | $4.76B | $4.17B | $3.29B | $3.29B | $4.15B | $3.02B | $2.93B | $2.86B | $2.81B | $2.53B | $2.66B |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $37.38M | $81.55M | $13.95M | $6.9M | $34.24M | $7.17M | $16.05M | $7.62M | $53.02M | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $46.52M | -$7.91M | $21.36M | -$4.6M | -$4.19M | -$10.46M | -$4.27M | -$11.9M | -$57.96M | $0 | $0 |
| Total Current Liabilities | $46.52M | $81.55M | $21.16M | $6.9M | $34.24M | $0 | $16.05M | $7.62M | $53.02M | $0 | $0 |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $1.37B | $941M | $800.5M | $800.5M | $880M | $943.57M | $0 | $0 | $543M | $682M | $716M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$1.37B | $329.78M | $0 | $326.48M | $0 | $0 | $0 | $0 | -$543M | $126.63M | $138.54M |
| Total Long-Term Liabilities | $1.37B | $1.27B | $800.5M | $1.13B | $880M | $703M | $668M | $713M | $543M | $808.63M | $854.54M |
| Other Liabilities | $1.37B | $1.35B | $322.37M | $1.12B | $307.44M | $954.95M | $244.65M | $244.28M | $244.69M | $0 | $0 |
| Total Liabilities | $1.42B | $1.35B | $1.14B | $1.13B | $1.22B | $954.95M | $928.7M | $964.9M | $840.71M | $808.63M | $854.54M |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.89B | $1.89B | $1.89B | $1.87B | $1.85B | $1.8B | $1.8B | $1.8B | $1.81B | $1.8B | $1.84B |
| Retained Earnings | $1.45B | $925.8M | $260.19M | $286.48M | $1.08B | -$13.31M | -$6.56M | -$10.23M | -$6.78M | -$7.29M | -$1.7M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $269.47M | $205.15M | $102.31M | $172.64M | -$75.6M | -$32.73M |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $269.47M | $205.15M | $102.31M | $172.64M | -$75.6M | -$32.73M |
| Total Equity | $3.34B | $2.82B | $2.15B | $2.16B | $2.93B | $2.06B | $2B | $1.89B | $1.97B | $1.72B | $1.8B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.76B | $4.17B | $3.29B | $3.29B | $4.15B | $3.02B | $2.93B | $2.86B | $2.81B | $2.53B | $2.66B |
| Supplementary Data | |||||||||||
| Total Debt | $1.37B | $1.26B | $800.5M | $800.5M | $880M | $943.57M | $668M | $713M | $543M | $682M | $716M |
| Net Debt | $1.23B | $1.11B | $725.78M | $647.8M | $715.35M | $702.91M | $667.89M | $712.88M | $543M | $681.98M | $715.97M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | 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 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 |
| Operating Activities | |||||||||||
| Net Income | $721.78M | $861.93M | $169.64M | -$602.97M | $1.01B | $224.47M | $258.59M | $73.35M | $405.42M | $69.4M | $23.78M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | $695K | -$369K | -$747K | $813K | $741K | -$229K | $633K | -$1.59M | -$708K | $1.19M | $1.82M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $951K | $775K | $2.61M | $346K | $963K | -$985K | -$15K | $108K | $1.52M | -$49K | -$26K |
| Other Working Capital | -$61K | -$244K | $2.61M | $7K | -$195K | $60K | $63K | $86K | -$970K | $43K | -$6K |
| Total Working Capital Change | $1.59M | $161K | $1.87M | $1.17M | $1.51M | -$1.15M | $681K | -$1.4M | -$155K | $1.18M | $1.79M |
| Other Non-Cash Items | -$735.71M | -$724.8M | -$73.14M | $818.51M | -$942M | -$94.09M | -$62.66M | -$90.18M | -$353.51M | -$18.47M | $26.86M |
| Net Cash from Operating | -$12.35M | $137.29M | $98.36M | $216.7M | $71.68M | $129.23M | $196.61M | -$18.22M | $51.76M | $53.25M | $54.22M |
| Investing Activities | |||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$1.89B | -$1.55B | -$975.86M | -$1.06B | -$1.13B | -$1.15B | -$762.64M | -$897.17M | -$1.37B | -$738.41M | -$465.18M |
| Sales of Investments | $1.97B | $1.69B | $1.08B | $1.26B | $1.15B | $1.19B | $914.34M | $878.34M | $1.31B | $818.82M | $630.29M |
| Other Investing Activities | $0 | -$144.36M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $82.94M | $144.36M | $100.53M | $198.7M | $24.9M | $38.27M | $151.7M | -$18.83M | -$55.18M | $80.41M | $165.11M |
| Financing Activities | |||||||||||
| Debt Repaid | -$108.92M | -$140.5M | - | $79.5M | -$177M | -$35M | $45M | -$170M | $139M | - | - |
| Common Stock Issuance | $0 | $0 | $9.88M | $19.38M | $31.9M | -$79K | $29K | $0 | $239.38M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$29K | $0 | $0 | $0 |
| Dividends Paid | -$197.25M | -$196.68M | -$186.17M | -$187.28M | -$177.56M | -$164.16M | -$151.62M | -$151.53M | -$152.97M | -$152.97M | -$152.97M |
| Other Financing Activities | -$82K | -$1.13M | -$50K | $18.76M | -$593K | $0 | -$34K | -$107K | -$1.82M | -$34M | -$9M |
| Net Cash from Financing | -$88.34M | -$57.31M | -$176.34M | -$228.65M | $92.88M | -$129.24M | -$196.62M | $18.34M | -$51.78M | -$186.97M | -$161.97M |
| Forex Effect | $0 | $0 | $0 | -$198.7M | -$24.9M | -$38.27M | -$151.7M | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$17.74M | $79.98M | -$77.98M | -$11.95M | $164.56M | -$11K | -$11K | -$18.71M | -$55.2M | -$9K | $57.36M |
| Supplementary Data | |||||||||||
| Operating Cash Flow | -$12.35M | $137.29M | $98.36M | $216.7M | $71.68M | $129.23M | $196.61M | -$18.22M | $51.76M | $53.25M | $54.22M |
| Capital Expenditure | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$12.35M | $137.29M | $98.36M | $216.7M | $71.68M | $129.23M | $196.61M | -$18.22M | $51.76M | $53.25M | $54.22M |
| Cash at Beginning | $154.7M | $74.72M | $152.7M | $164.65M | $94K | $105K | $116K | $18.83M | $24K | $33K | -$57.32M |
| Cash at End | $136.96M | $154.7M | $74.72M | $152.7M | $164.65M | $94K | $105K | $116K | -$55.18M | $24K | $33K |