CCD

Calamos Dynamic Convertible & Income Fund is a diversified closed-end management investment company that seeks total return through a combination of capital appreciation and current income. The fund pursues its objectives by investing primarily in a portfolio of convertible securities, along with high-yield bonds and other fixed-income instruments. Convertible securities combine characteristics of both bonds and stocks, providing income through coupon payments while offering potential equity participation through conversion features. The fund is managed by Calamos Advisors LLC, an investment management firm with extensive experience in convertible securities and multi-asset strategies. Calamos Dynamic Convertible & Income Fund employs a dynamic asset allocation approach, adjusting its portfolio composition across convertible securities, high-yield bonds, and other investments based on market conditions and relative valuations. The fund may utilize leverage to potentially enhance returns, though leverage also increases risk and volatility. The fund trades on the New York Stock Exchange and its market price may trade at a premium or discount to its net asset value. The fund makes regular distributions to shareholders from its investment income and any realized capital gains.