CHI News and Press, Calamos Convertible Opportunities and Income Fund From 04/19/23

2023-04-19 08:46:57 ET Summary The ICVT ETF provides a low-cost way to gain convertible bond exposure. During bull markets, convertible bonds can deliver equity-like returns due to their embedded options. I believe the ICVT is a relative buy compared to actively managed conver...

Summary We have now closed on the first month of the new year, but my strategy of buying every month hasn't changed. The new year has started off with a bang, with the broader indexes jumping higher. However, there are still significant headwinds to consider through 2023 with a shif...

Summary We last looked at AVK around 8 months ago when a reader asked my thoughts. Since then, the fund's discount has opened up a bit further, but it still isn't appealing. The high distribution is attractive but is at risk for cuts similar to peers unless the rebound continues in ...

Summary Calamos Convertible Opportunities & Income Fund focuses on convertibles and high yield investments. The closed-end fund has a current yield of 9.8% on market price and 10.9% on NAV. However, with 5Yr average annual total returns of only 7.0%, it appears the CHI fund is p...

Summary Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-on-cost basis. The portfolio had a loss of -12.5% in 2022, compared to -18.2...

Summary 2 out of 23 CEF sectors positive on price and 4 out of 23 sectors positive on NAV last week. DEX will merge with AGD. Self-tender of 30% of DEX shares will proceed next January. FEO successfully liquidated. For further details see: Weekly Closed...

Summary CHY is a convertible securities CEF from the Calamos family. The CEF has a total return profile that closely matches its sister fund CHI. It is interesting to note that using a 60/40 portfolio via convertibles and leverage layering, the portfolio manager is able to obt...

Summary Convertible Opportunities and Income Fund is a closed end fund from the Calamos family. The fund has a 63% converts allocation, with the rest held in a portfolio of bonds. The fund has a high leverage ratio, which adds volatility and magnifies the upside in markets whi...

Summary The market is going through a period of extraordinary uncertainty. It makes the task of investing and conserving capital hugely challenging. With index investing, there's no escape from a roller coaster ride. For most people, especially retirees, it's very difficult to tol...

Summary Calamos offers seven different closed-end funds, all with some overlap. CHY and CHI seem to have the most overlap of the group. Today, we are looking at just how similar they are and deciding if either is a better deal at this time. Written by Nick Ackerman, co...