Calamos Investments has announced a monthly distribution increase for the Calamos Long/Short Equity & Dynamic Income Trust (CPZ), raising it from 13.00 cents to 14.00 cents per share, effective July 20, 2021. This 7.7% increase marks the third dividend raise since December 2020, totaling a 27% increase overall. As of June 14, 2021, the annualized distribution rate stands at 8.1%, based on a market price of $20.85. The fund has demonstrated strong performance with a 13.98% NAV growth year-to-date, attributed to effective portfolio management and favorable investment conditions.
Calamos Investments announced a monthly distribution increase for the Calamos Long/Short Equity & Dynamic Income Trust (Nasdaq: CPZ) from 12.00 cents to 13.00 cents per share, effective February 19, 2021. This represents an approximate 8% increase from the previous rate, aligning with an annualized distribution rate of 8.60% based on a market price of $18.14 on January 20, 2021. The decision reflects positive fund performance and effective active management strategies.