Calamos Announces Redemption Dates of Auction Rate Preferred Securities for Calamos Global Dynamic Income Fund
06 Maio 2008 - 1:00PM
PR Newswire (US)
NAPERVILLE, Ill., May 6 /PRNewswire-FirstCall/ -- Calamos
Investments today announced the auction rate preferred securities
redemption dates for the Calamos Global Dynamic Income Fund
(NYSE:CHW). As announced last week, Calamos has secured an
alternative form of borrowing that will enable, based on current
market conditions, CHW to redeem approximately 85.7% or $300
million of its outstanding ARPs. The redemption amounts and dates
are as follows: CHW Shares Redemption Redemption Redemption Auction
Series Outstanding Percent Amount Date Monday 2,800 85.7 %
$60,000,000 May 19, 2008 Tuesday 2,800 85.7 % $60,000,000 May 20,
2008 Wednesday 2,800 85.7 % $60,000,000 May 21, 2008 Thursday 2,800
85.7 % $60,000,000 May 22, 2008 Friday 2,800 85.7 % $60,000,000 May
23, 2008 Additional information regarding the redemptions will be
discussed on a conference call to be held today at 12:00 pm
ET/11:00 am CT. The conference call is accessible by dialing one of
the following numbers: Participant Dial-in: *US/Canada Dial-in #:
800.379.3942 *Int'l/Local Dial-in #: 706.679.7206 Conference ID #:
46468685 You may also listen
online:http://audioevent.mshow.com/344398/ Following the call, a
replay will be available beginning at 3:00 pm ET/2:00 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: 05/06/2008 -
05/16/2008 (end of day) Conference ID #: 46468685 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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