Calamos Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CHW, CGO and CCD) Announce Private Placements Totaling $248.25 Million of Mandatory Redeemable Preferred Shares
Calamos Dynamic Convertible and Income Fund (CCD) priced $28 million of Series I mandatory redeemable preferred shares in a private placement to institutional investors. The Series I shares carry an initial dividend rate of 6.03%, have a 3-year mandatory redemption date, and were assigned an AA- rating by Kroll Bond Rating Agency.
Key figures
- Deal Value Usd
- 28000000
- Rating
- AA-
- Series
- Series I
- Maturity date
- August 24, 2029
- Initial dividend rate
- 6.03%
- Aggregate proceeds all funds
- $248.25 million
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