Calamos Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CHW, CGO and CCD) Announce Private Placements Totaling $248.25 Million of Mandatory Redeemable Preferred Shares
Calamos Investments' six closed-end funds (CHI, CHY, CSQ, CHW, CGO, CCD) issued $248.25M in mandatory redeemable preferred shares. KBRA rated them 'AA-'. Shares pay monthly dividends (6.19% and 6.03%) and were placed privately with institutional investors. Nomura and UBS acted as co-placement agents.
