2024-03-28 11:30:22 ET
Summary
- Calamos Dynamic Convertible and Income Fund focuses on generating total returns and income from convertible and high-yield bonds.
- CCD fund pays a high distribution rate of 12.0% of NAV, which is higher than its 5-year average annual returns of 9.4%.
- The fund is trading at a 13% premium to NAV, which may be vulnerable if the fund resets its distribution rate lower.
The Calamos Dynamic Convertible and Income Fund ( CCD ) is a closed-end fund ("CEF") focused on generating total returns from convertible and high-yield bonds....
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CCD: Widening Premium To NAV Increases Risk