CHI News and Press, Calamos Convertible Opportunities and Income Fund From 11/08/23

2023-11-08 14:40:59 ET Summary Calamos Convertible Opportunities and Income Fund offers a high level of current income with an 11.12% current yield. The CHI closed-end fund focuses on investing in convertible securities, which provide stable income and upside potential. The fu...

2023-08-30 12:52:39 ET Summary Advent Convertible & Income Fund has seen an increase in income generation but also elevated leverage, making it a riskier fund. The fund's distribution rate is high, hindering appreciation on the NAV level, which causes the leverage ratio to rem...

2023-07-22 09:33:58 ET Summary We review CEF market valuation and performance through the second week of July and highlight recent market action. CEFs had a good week overall as NAVs gained, however, discounts remain sluggish. The net income profile of some CEFs has turned neg...

2023-06-17 09:00:00 ET Summary Retirees, by the very definition of retirement, need to be financially independent. However, even for folks who are several years away from retirement, it can offer great benefits. We will go over our strategy as to how a diversified income and growt...

2023-05-30 18:09:45 ET Summary Advent Convertible & Income Fund's discount has widened, making it more appealing, but it remains above its longer-term average. The fund's distribution yield is high at 12.69%, but the NAV rate is also elevated, which could be hard to earn. ...

2023-05-26 02:40:00 ET Summary The double-digit declines in equity and credit markets in 2022 set the stage for compelling opportunities in convertible securities. We see attractive yield potential in select convertibles trading below par (“busted” convertibles). ...

2023-05-15 02:49:26 ET Summary CHY is invested mostly in convertibles but also incorporates a meaningful amount to high-yield bonds, with smaller allocations in other instruments. The fund was trading at quite an extended premium earlier in the year, but that bubble has since popp...

2023-04-23 00:38:51 ET Summary ACV splits its portfolio primarily between convertible and equity exposure but also carries some exposure to high-yield bonds. The sector allocation is tilted toward tech, meaning the fund struggled through most of the last year when growth was weak....

2023-04-22 00:32:54 ET Summary CHI's premium has come down recently, but it still isn't at a point where I'd be looking to buy. The fund's distribution remains elevated, and despite that, Calamos has chosen not to cut the distribution. A distribution cut, if it happens, could ...

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...