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home / news releases / CCD - CCD: Time To Trade The Premium Again

CCD - CCD: Time To Trade The Premium Again

Calamos Dynamic Convertible & Income Fund

2024-06-11 21:53:38 ET

Summary

  • Calamos Dynamic Convertible and Income Fund is a high beta convertibles securities CEF with a history of volatile price movements.
  • The fund has rallied over 19% in 2024 due to the broader equity market rally, but its premium to NAV is historically high and likely unsustainable.
  • Valuations for convertibles are rich, and some bonds held by CCD may not convert due to stock valuations below conversion prices, leading to potential discounts.

Thesis

The Calamos Dynamic Convertible and Income Fund ( CCD ) is a convertibles securities CEF. The name is very interesting to cover and trade since it has a very high beta to the market, especially when the discount/premium to NAV structural feature is considered....

For further details see:

CCD: Time To Trade The Premium Again
Stock Information
Company Name: Calamos Dynamic Convertible & Income Fund
Stock Symbol: CCD
Market: NASDAQ
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