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Calamos Investments announced the launch of the Calamos S&P 500® Structured Alt Protection ETF™ – May (ticker: CPSM) with a 9.81% cap rate, offering investors protected exposure to the S&P 500. The ETF provides 100% downside protection over a one-year period and combines Calamos' alternatives and options investing expertise within an ETF structure. CPSM will reset annually, providing a new upside cap with refreshed protection. The ETF aims to deliver tax alpha for long-term investors.