Fund Description

The fund was incepted in June 1985 and is managed by Calamos Asset Management, Inc. The fund seeks current income, with growth as its secondary objective. The fund invests mainly in a diversified portfolio of convertible securities issued by both U.S. and foreign companies. In seeking to meet its objective, the fund utilizes highly disciplined institutional management strategies designed to enhance investment returns while managing risk. These strategies emphasize investment-grade securities, diversification across a variety of different companies and market sectors, and in-depth proprietary analysis of the securities and their issuing companies. Dividends are declared and paid quarterly. Capital gains, if any, are distributed annually.