Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD) is a diversified, closed-end management investment company that seeks total return through a combination of current income and capital appreciation. Listed on the NASDAQ Global Select Market, CCD provides investors access to a portfolio primarily composed of convertible securities, supplemented by fixed-income and equity instruments. By blending the features of bonds and equity, the fund aims to capture upside potential in rising markets while offering downside protection in more volatile conditions.
The fund’s investment strategy emphasizes convertible bonds, convertible preferred stocks, and other hybrid instruments, alongside selective allocations to corporate debt, high-yield securities, common stocks, and derivative overlays. CCD may employ leverage to enhance income generation, subject to regulatory and internal risk guidelines. Portfolio managers actively adjust duration, credit quality, and sector exposures to navigate changing interest-rate, credit, and equity market environments.
Calamos Dynamic Convertible and Income Fund is managed by Calamos Advisors LLC, a subsidiary of Calamos Investments headquartered in Naperville, Illinois. The fund draws on the firm’s longstanding expertise in convertible securities, with seasoned professionals responsible for security selection, risk management, and asset allocation decisions. Calamos Investments was founded in 1977 and has since cultivated a dedicated convertible and income strategies team with deep experience across market cycles.
CCD serves individual and institutional investors in the United States, offering daily liquidity through its exchange listing. The fund’s flexible approach enables exposure to global credit and equity markets while maintaining a focus on income generation. As a provider of convertible and income solutions, Calamos Dynamic Convertible and Income Fund delivers a structured vehicle for investors seeking a balanced blend of yield and growth potential.
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