Welcome to our dedicated page for Calamos Dynamic Convertible and Income Fund news (Ticker: CCD), a resource for investors and traders seeking the latest updates and insights on Calamos Dynamic Convertible and Income Fund stock.
Calamos Dynamic Convertible & Income Fund operates as a diversified closed-end management investment company focused on total return through current income and capital appreciation. The fund invests primarily in convertible securities, investment-grade and below-investment-grade bonds, loans, equity-linked notes, and floating-rate securities.
News associated with CCD also reflects broader Calamos fund-family activity, including product launches, structured protection ETF cap-rate updates, downside-protected strategies linked to major equity indexes and bitcoin exposure, and recurring prospectus risk, fee, expense, and outcome-period disclosures.
Calamos Investments has announced a monthly distribution increase for the Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD), raising the rate from 16.70 cents to 19.50 cents per share, effective February 19, 2021. This reflects a 17% increase and translates to an annualized distribution rate of 7.87% based on a market price of $29.75 on January 20, 2021. The increase is a result of effective fund management and strong performance in 2020, with assets under management nearing $9 billion.