Calamos Dynamic Convertible & Income Fund

# Calamos Dynamic Convertible & Income Fund

Calamos Dynamic Convertible & Income Fund is a closed-end fixed income mutual fund managed by Calamos Advisors LLC and launched in March 2014. The fund operates as a pooled investment vehicle designed to generate income and capital appreciation through exposure to multiple fixed income asset classes. Its primary investment focus centers on convertible securities, which represent bonds or preferred stocks convertible into common equity, combined with investment-grade and high-yield corporate bonds, bank loans, equity-linked notes, and floating-rate securities.

The fund employs a fundamental analysis approach informed by top-down global macroeconomic assessment to construct and manage its portfolio. It also utilizes derivative instruments, including options, to enhance returns or manage portfolio risk. All investments are concentrated in U.S. markets, though the macroeconomic methodology incorporates global factors influencing domestic fixed income valuations.

The fund is domiciled in the United States and operated by Calamos Investments LLC, an asset management firm based in Naperville, Illinois. As a closed-end fund structure, it issues a fixed number of shares traded on public exchanges rather than operating as an open-end mutual fund with continuous share issuance and redemption.