Calamos Announces Redemption Dates of Auction Rate Preferred Securities for Calamos Global Total Return and Calamos Strategic To
25 Abril 2008 - 8:00PM
PR Newswire (US)
NAPERVILLE, Ill., April 25 /PRNewswire-FirstCall/ -- Calamos
Investments today announced the auction rate preferred securities
redemption dates for the Calamos Global Total Return Fund
(NYSE:CGO) and the Calamos Strategic Total Return Fund (NYSE:CSQ).
As announced earlier this week, Calamos has secured an alternative
form of borrowing that will enable, based on current market
conditions, CGO to redeem all of its $59 million of outstanding
ARPs and CSQ to redeem approximately 81.5% or $880 million of its
outstanding ARPs. The redemption amounts and dates are as follows:
CGO Auction Shares Percent to Amount to be Redemption Series
Outstanding be Redeemed Redeemed Date Tuesday 2,360 100.0 %
$59,000,000 May 13, 2008 CSQ Auction Shares Percent to Amount to
Redemption Series Outstanding be Redeemed be Redeemed Date Monday
7,040 81.5 % $143,400,000 May 12, 2008 Tuesday 7,040 81.5 %
$143,400,000 May 13, 2008 Wednesday 7,040 81.5 % $143,400,000 May
14, 2008 Thursday 7,040 81.5 % $143,400,000 May 15, 2008 Friday
7,040 81.5 % $143,400,000 May 16, 2008 A (28-Day) 4,000 81.5 %
$81,500,000 May 28, 2008 B (28-Day) 4,000 81.5 % $81,500,000 May
29, 2008 Additional information regarding the redemptions will be
discussed on a conference call to be held Monday, April 28 at 2:00
pm ET/1:00 pm CT. The conference call is accessible by dialing one
of the following numbers: Participant Dial-in: *U.S./Canada Dial-in
#: 800.379.3942 *Int'l/Local Dial-in #: 706.679.7206 Conference ID
#: 44914033 You may also listen online:
http://audioevent.mshow.com/344153/ Following the call, a replay
will be available beginning at 5:00 pm ET/4:00 pm CT. To access the
telephone replay, call the number listed below and provide the
conference ID number: Replay info: Encore Dial-in #: 800.642.1687
or 706.645.9291 Encore Dates: 04/28/2008 - 05/06/2008 (end of day)
Conference ID #: 44914033 About Calamos Calamos Investments is a
diversified investment firm offering equity, fixed-income,
convertible and alternative investment strategies, among others.
The firm serves institutions and individuals via separately managed
accounts and a family of open-end and closed-end funds, providing a
risk-managed approach to capital appreciation and income-producing
strategies. For more information, visit
http://www.calamos.com/closedendfunds/default.aspx. From time to
time, information or statements provided by us, including those
within this news release, may contain certain forward-looking
statements relating to future events, future transactions, future
financial performance, future potential costs, expectations, the
competitive and regulatory environment and future market
conditions. Forward-looking statements are based on information
available at the time those statements are made and/or management's
good faith belief as of that time with respect to future events,
and are subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements. Such risks and
uncertainties include, but are not limited to: catastrophic or
unpredictable events, changing costs of leverage, strategy
implementation obstacles, fluctuations in the financial markets and
the competitive conditions in the fund, asset management and
broader financial services sectors and other risks inherent in the
financial and trading markets, including liquidity issues.
DATASOURCE: Calamos Investments CONTACT: Ken Fincher, Vice
President of Calamos Advisors LLC, +1-630-245-1076, Web site:
http://www.calamos.com/
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