MetLife Investment Management, LLC purchased $7.2M of CHY (indirect holdings)
MetLife Investment Management, LLC purchased 290,000 indirectly-held shares of CALAMOS CONVERTIBLE & HIGH INCOME FUND (CHY) at $25.00 ($7.25M total) across 4 trades on 2026-08-26.
How this was made
The 30-second read
Why it matters
The disclosed purchase adds to MetLife's indirect ownership but does not constitute a material change in control.
Market read
A routine insider purchase with modest size; limited immediate market impact.
What to watch
Potential tax considerations for MetLife and the fund's upcoming portfolio rebalancing.
Background
Form 4 filings provide the first public disclosure of insider transactions, offering transparency into institutional holdings.
Ticker impact
MetLife Investment Management, LLC disclosed a Form 4 purchase of 290,000 shares of CHY for $7.25M, increasing its stake to 43,600 shares.
minimal impact; price may stay flat or see slight uptick on volume.
The transaction size is modest relative to the fund's market cap and reflects a routine portfolio adjustment.
Market effects
None; the fund holds a diversified convertible bond portfolio.
No regional effect beyond the fund's existing investor base.
Limited; only relevant to investors tracking CHY.
Counterpoint
The purchase may signal confidence in the fund's strategy, but could be offset by broader market volatility.
Key entities
- Institutional InvestorMetLife Investment Management, LLC
Reporter of the Form 4 transaction.
- Closed-End FundCalamos Convertible & High Income Fund
Issuer of the shares purchased.