Calamos Convertible and High Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of convertible securities and high yield corporate bonds rated Ba or lower by Moody's or BB or lower by Standard & Poor's. The fund employs both fundamental and quantitative analysis to create its portfolio. Calamos Convertible and High Income Fund was formed on March 12, 2003 and is domiciled in the United States.
Calamos Convertible and High Income Fund Stock Up 0.2 %
Shares of NASDAQ:CHY traded up $0.02 during trading hours on Friday, hitting $13.34. The company's stock had a trading volume of 167,934 shares, compared to its average volume of 185,040. The business has a 50-day simple moving average of $11.98 and a 200-day simple moving average of $12.92. Calamos Convertible and High Income Fund has a 12 month low of $10.55 and a 12 month high of $17.09.
Calamos Convertible and High Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, August 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.20 annualized dividend and a yield of 9.00%.
Insider Transactions at Calamos Convertible and High Income Fund
In other news, major shareholder Metlife Investment Management, acquired 740,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 24th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $18,500,000.00. Following the acquisition, the insider now directly owns 740,000 shares in the company, valued at $18,500,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.