MetLife unit trades CHI preferreds, buys 345K shares

Q: What insider transactions did MetLife Investment Management report for CHI?

MetLife Investment Management, LLC reported purchases of 345,000 Series H Mandatory Redeemable Preferred Shares at $25.00 per share on 2026-08-26 and dispositions of 440,000 Series D shares on 2026-08-24 due to issuer redemption at $25.00 per share plus accrued and unpaid dividends.

Q: What securities did the Form 4 involve for CHI?

The Form 4 for CHI involved Series H Mandatory Redeemable Preferred Shares, which were purchased, and Series D Mandatory Redeemable Preferred Shares, which were redeemed by the issuer, both at an original purchase price of $25.00 per share.

Q: What happened to the CHI Series D Mandatory Redeemable Preferred Shares?

A total of 440,000 Series D Mandatory Redeemable Preferred Shares were redeemed in full by the issuer at their original purchase price of $25.00 per share, plus accrued and unpaid dividends, in transactions dated 2026-08-24.

Q: Does MetLife Investment Management have direct ownership of these CHI securities?

The filing states that the securities are held directly by clients for whom MetLife Investment Management, LLC serves as investment manager, and that it disclaims beneficial ownership except to the extent of its pecuniary interest.

CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND (CHI) had a Form 4 filed by MetLife Investment Management, LLC, a ten-percent owner.

Filing Impact

(High)

Filing Sentiment

(Very Positive)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND (CHI) had a Form 4 filed by MetLife Investment Management, LLC, a ten-percent owner. On 2026-08-26, entities managed by MetLife purchased 345,000 Series H Mandatory Redeemable Preferred Shares at $25.00 per share in indirect transactions for clients. On 2026-08-24, 440,000 Series D Mandatory Redeemable Preferred Shares were disposed of when the issuer redeemed them in full at $25.00 per share plus accrued and unpaid dividends. The securities are held for advisory clients, and MetLife Investment Management, LLC disclaims beneficial ownership except to the extent of its pecuniary interest.

Insights

Analyzing...

Insider Trade Summary

Net Buyer: 345,000 shares

Net Buy 9 txns

Insider MetLife Investment Management, LLC

Role 10% Owner

Bought 345,000 shs ($8.63M)

Type	Security	Shares	Price	Value
Purchase	Series H Mandatory Redeemable Preferred Shares ^{F2, F3}	109,000	$25.00	$2.73M
Purchase	Series H Mandatory Redeemable Preferred Shares ^{F2, F3}	112,000	$25.00	$2.80M
Purchase	Series H Mandatory Redeemable Preferred Shares ^{F2, F3}	60,000	$25.00	$1.50M
Purchase	Series H Mandatory Redeemable Preferred Shares ^{F2, F3}	16,000	$25.00	$400K
Purchase	Series H Mandatory Redeemable Preferred Shares ^{F2, F3}	48,000	$25.00	$1.20M
Other	Series D Mandatory Redeemable Preferred Shares ^{F1, F2, F3}	36,000	$25.00	$900K
Other	Series D Mandatory Redeemable Preferred Shares ^{F1, F2, F3}	124,000	$25.00	$3.10M
Other	Series D Mandatory Redeemable Preferred Shares ^{F1, F2, F3}	36,000	$25.00	$900K
Other	Series D Mandatory Redeemable Preferred Shares ^{F1, F2, F3}	244,000	$25.00	$6.10M

Holdings After Transaction: Series D Mandatory Redeemable Preferred Shares — 0 shares (Indirect, See Footnotes); Series H Mandatory Redeemable Preferred Shares — 48,000 shares (Indirect, See Footnotes)

Footnotes (3)

F1. These Series D Mandatory Redeemable Preferred Shares were redeemed in full by the Issuer at their original purchase price of $25.00 per share, plus accrued and unpaid dividends, which dividends are exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16a-9 thereunder.
F2. These securities are held directly by clients for whom the Reporting Person serves as investment manager.
F3. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.

Key Figures

Series H shares purchased: 345,000 shares Series H purchase price: $25.00 per share Series D shares redeemed: 440,000 shares +3 more

6 metrics

Series H shares purchased 345,000 shares Total Series H Mandatory Redeemable Preferred Shares purchased on 2026-08-26

Series H purchase price $25.00 per share Price for Series H Mandatory Redeemable Preferred Shares purchases

Series D shares redeemed 440,000 shares Total Series D Mandatory Redeemable Preferred Shares redeemed on 2026-08-24

Series D redemption price $25.00 per share Original purchase price at which Series D shares were redeemed, plus accrued and unpaid dividends

Net buy/sell shares 345,000 shares Net buy direction across all reported transactions

Restructuring shares 440,000 shares Shares involved in restructuring-type transactions (code J) related to Series D redemption

Key Terms

Mandatory Redeemable Preferred Shares, Section 16, Rule 16a-9, pecuniary interest

4 terms

Mandatory Redeemable Preferred Shares financial

"These Series D Mandatory Redeemable Preferred Shares were redeemed in full"

A share that pays a fixed return and must be bought back by the issuer at a set time or upon a predetermined event, combining features of stock and a loan. It matters to investors because holders get priority on payments and a promised repayment date—like lending money with a scheduled payback—so these shares limit upside from company growth but reduce risk compared with ordinary shares and can affect a company’s future cash needs.

Section 16 regulatory

"dividends are exempt from Section 16 of the Securities Exchange Act"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

Rule 16a-9 regulatory

"pursuant to Rule 16a-9 thereunder"

pecuniary interest financial

"except to the extent of its pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did MetLife Investment Management report for CHI?

MetLife Investment Management, LLC reported purchases of 345,000 Series H Mandatory Redeemable Preferred Shares at $25.00 per share on 2026-08-26 and dispositions of 440,000 Series D shares on 2026-08-24 due to issuer redemption at $25.00 per share plus accrued and unpaid dividends.

What securities did the Form 4 involve for CHI?

The Form 4 for CHI involved Series H Mandatory Redeemable Preferred Shares, which were purchased, and Series D Mandatory Redeemable Preferred Shares, which were redeemed by the issuer, both at an original purchase price of $25.00 per share.

How many CHI Series H preferred shares were bought and at what price?

MetLife Investment Management, LLC reported indirect purchases of 345,000 Series H Mandatory Redeemable Preferred Shares of CHI at a price of $25.00 per share in transactions dated 2026-08-26.

What happened to the CHI Series D Mandatory Redeemable Preferred Shares?

A total of 440,000 Series D Mandatory Redeemable Preferred Shares were redeemed in full by the issuer at their original purchase price of $25.00 per share, plus accrued and unpaid dividends, in transactions dated 2026-08-24.

Does MetLife Investment Management have direct ownership of these CHI securities?

The filing states that the securities are held directly by clients for whom MetLife Investment Management, LLC serves as investment manager, and that it disclaims beneficial ownership except to the extent of its pecuniary interest.

Were the accrued dividends on CHI Series D shares subject to Section 16 reporting?

The filing states that the Series D shares were redeemed at $25.00 per share plus accrued and unpaid dividends and that these dividends are exempt from Section 16 of the Exchange Act pursuant to Rule 16a-9.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Available on EDGAR 08/26/2026 - 04:06 PM EDT Accepted by SEC EDGAR 08/26/2026 - 04:05 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MetLife Investment Management, LLC

(Last)

(First)

(Middle)

ONE METLIFE WAY

(Street)

WHIPPANY

NEW JERSEY

07981

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND [ CHI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Series D Mandatory Redeemable Preferred Shares	08/24/2026		J⁽¹⁾		36,000	D	$25	0	I⁽²⁾⁽³⁾	See Footnotes⁽²⁾⁽³⁾
Series D Mandatory Redeemable Preferred Shares	08/24/2026		J⁽¹⁾		124,000	D	$25	0	I⁽²⁾⁽³⁾	See Footnotes⁽²⁾⁽³⁾
Series D Mandatory Redeemable Preferred Shares	08/24/2026		J⁽¹⁾		36,000	D	$25	0	I⁽²⁾⁽³⁾	See Footnotes⁽²⁾⁽³⁾
Series D Mandatory Redeemable Preferred Shares	08/24/2026		J⁽¹⁾		244,000	D	$25	0	I⁽²⁾⁽³⁾	See Footnotes⁽²⁾⁽³⁾
Series H Mandatory Redeemable Preferred Shares	08/26/2026		P		109,000	A	$25	109,000	I⁽²⁾⁽³⁾	See Footnotes⁽²⁾⁽³⁾
Series H Mandatory Redeemable Preferred Shares	08/26/2026		P		112,000	A	$25	112,000	I⁽²⁾⁽³⁾	See Footnotes⁽²⁾⁽³⁾
Series H Mandatory Redeemable Preferred Shares	08/26/2026		P		60,000	A	$25	60,000	I⁽²⁾⁽³⁾	See Footnotes⁽²⁾⁽³⁾
Series H Mandatory Redeemable Preferred Shares	08/26/2026		P		16,000	A	$25	16,000	I⁽²⁾⁽³⁾	See Footnotes⁽²⁾⁽³⁾
Series H Mandatory Redeemable Preferred Shares	08/26/2026		P		48,000	A	$25	48,000	I⁽²⁾⁽³⁾	See Footnotes⁽²⁾⁽³⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These Series D Mandatory Redeemable Preferred Shares were redeemed in full by the Issuer at their original purchase price of $25.00 per share, plus accrued and unpaid dividends, which dividends are exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16a-9 thereunder.

2. These securities are held directly by clients for whom the Reporting Person serves as investment manager.

3. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.

	/s/ Israel Grafstein, Chief Compliance Officer of MetLife Investment Management, LLC	08/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR