SPY - CHY: Solid Income Good Long-Term Record But Not A Buy
2024-06-18 09:30:00 ET
Summary
- Calamos Convertible and High Income Fund is a closed-end fund that invests in Convertible Securities, Corporate Bonds & other Fixed-Income securities.
- Like other funds in the Convertibles space, CHY uses a significant amount of leverage.
- CHY's long-term performance has been reasonably good, and better than that of its peers. However, the current premium of 8.5% is a downer.
Introduction
[[CHY]] was incepted on May 28, 2003, and it seeks capital appreciation and current income by investing in a diversified portfolio of convertible securities and high-yield corporate bonds....
CHY: Solid Income, Good Long-Term Record, But Not A Buy