Buy CPZ For Better Zzzs At Night

2025-03-17 11:41:43 ET

Summary

• Consider the Calamos Long/Short Equity & Dynamic Income fund for less market volatility while trading at a current -10% discount.
• CPZ offers a unique mix: Long stocks, long corporate bonds, and shorts mostly the S&P 500, with an 11% current market yield paid monthly.
• CPZ uses leverage, a 33% bond portfolio, and only needs to cover a 9.8% NAV yield to maintain its 11% annualized current market yield.
• And since its inception in late 2019, CPZ has raised its distribution three times without any cuts, showcasing the effectiveness of its strategy in both up and down markets.
• But perhaps the most important advantage of CPZ is that it will let you sleep at night in this increasingly volatile market.

If ever there was a time for the Calamos Long/Short Equity & Dynamic Income fund ( CPZ ) , $15.48 current market price , to shine, now would be it....

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