Calamos Convertible And High Income Fund

Calamos Convertible & High Income Fund operates as a closed-end investment fund. It seeks total return through capital appreciation and current income by investing in a diversified portfolio of convertible securities and high yield corporate bonds. The company was founded on March 12, 2003 and is headquartered in Naperville, IL.

CHY is invested mostly in convertibles but also incorporates a meaningful amount to high-yield bonds, with smaller allocations in other instruments. The fund was trading at quite an extended premium earlier in the year, but that bubble has since popped.

CHY: Premium Comes Down To A More Reasonable Level

BlackRock

BlackRock Utilities Infrastructure & Power Opportunities Trust

Calamos Convertible Opportunities And Income Fund

Ellsworth Growth and Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Blackrock Floating Rate Income Strategies Fund Inc

Clough Global Opportunities Fund

Special Opportunities Fund Inc

Tekla Healthcare Opportunities

Invesco Senior Income Trust

Western Asset Diversified Income Fund

Waste Management

We have now closed on the first month of the new year, but my strategy of buying every month hasn't changed. The new year has started off with a bang, with the broader indexes jumping higher.

Kicking Off The New Year With 7 Closed-End Fund Buys In The Month Of January 2023

CHY has had a tough time being highly leveraged and growth investments being out of favor. The fund relies heavily on capital gains to fund the distribution, and that could be a catalyst for a premium drop if it's adjusted lower.

CHY: Looking Expensive, Consider Alternatives For The Time Being

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

BlackRock Enhanced Equity Dividend Trust

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Stone Harbor Emerging Markets Total Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

First Trust / Aberdeen Emerging Opportunity Fund

Gabelli Convertible and Income Securities Fund

Gabelli Multimedia Trust

Eagle Capital Growth Fund Inc

Ivy High Income Opportunities Fund

Macquarie Global Infrastructure Total Return Fund Inc

BlackRock MuniHoldings Fund

BlackRock MuniAssets Fund

Nuveen Municipal Income Fund Inc

Invesco Municipal Income Opportunities Trust

Pimco California Municipal Income Fund II

Pimco California Municipal Income Fund

Pimco Municipal Income Fund

Pimco Municipal Income Fund II

Pimco Municipal Income Fund III

3 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. PIMCO muni CEFs cut.

Weekly Closed-End Fund Roundup: PIMCO Muni CEF Distribution Cuts (January 1, 2023)

Calamos Dynamic Convertible & Income Fund

Calamos Global Total Return Fund

Calamos Global Dynamic Income Fund

Calamos Strategic Total Return Fund

METRO CHICAGO, Ill. , Dec. 19, 2022 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in January 2023 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

CHY is a convertible securities CEF from the Calamos family. The CEF has a total return profile that closely matches its sister fund CHI.

CHY Review And Converts CEFs Comparison

Calamos offers seven different closed-end funds, all with some overlap. CHY and CHI seem to have the most overlap of the group.

CHY And CHI: The Calamos Twins

CHY had previously been a position in my portfolio. I currently hold CHI - which is incredibly similar. Between the two today and whether one should be chosen over the other, CHY shows a bit lower of a premium than CHI.

CHY: Strong Performance And An 8%+ Distribution Yield

Virtus AllianzGI Diversified Income & Convertible Fund

Blackrock Core Bond Trust

Blackrock Health Sciences Trust

BlackRock Science & Technology

BlackRock Enhanced Capital and Income Fund

Flaherty & Crumrine Dynamic Preferred & Income Fund

DoubleLine Income Solutions Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Gabelli Dividend & Income Trust

Guggenheim Credit Allocation Fund

John Hancock Tax-Advantaged Dividend Income Fund

Nuveen Select Tax-Free Income Portfolio

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

Cohen & Steers Select Preferred and Income Fund

A reliable selection criterion for building a portfolio of funds that are likely to produce above-average returns over the long haul is the goal of every CEF investor. For me, the flexible combination of a positive NAV since inception, discount on NAV, and leverage represents a practical rule of thumb for long-term CEF investing.

CEF Focus Investing - My Rule Of Thumb In Action

Shares of CHY are now only trading at a slight discount. Historically, this fund has traded at premiums off and on, and overall, it isn't overly expensive.

CHY: A Monthly Paying Convertible Fund Worth Owning, 7.37% Distribution Yield

Alpine Total Dynamic Dividend Fund

Liberty All-Star Growth Fund

BlackRock Taxable Municipal Bond Trust

China Fund

Flaherty & Crumrine Total Return Fund Inc

Sprott Focus Trust

Gabelli Equity Trust

New Germany Fund

India Fund Inc

CBRE Global Real Estate Income Fund

Barings Corporate Investors

Virtus Dividend Interest & Premium Strategy Fund

Virtus AllianzGI Equity & Convertible Income Fund

Cohen And Steers Total Return Realty Fund

Royce Micro-Cap Trust

Royce Value Trust

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns.

5 Best CEFs To Buy This Month (August 2021)

It's a simple one-click indicator that can hand you huge price gains on a CEF you pick up today.

This “Rinse And Repeat” Trade Delivers Big Gains, 7%+ Dividends

With a market yield of 7.7%, CHY is attractive if it can support the distribution. I continue my series on CEFs and looking beyond the yield.

Evaluating CEFs: CHY Sees A Big Increase In NAV During 2020

Convertible bonds offer benefits similar to equities together with some of the downside protection of bonds. The best way to invest in convertibles is through actively managed CEFs.

4 Monthly-Pay Convertible CEFs, Yields Up To 7.7%

CHY pays monthly and yields 7.78%, with a deep -7.66% discount. Convertible bond funds have outperformed the equity market year to date and over the past quarter, half year, and year.

Convertible Bonds On Fire: 8% Monthly Yield, 8% Discount - Calamos Convertible And High Income Fund

Advent Convertible and Income Fund

Bancroft Fund Ltd

SPDR Bloomberg Convertible Securities ETF

iShares Convertible Bond ETF

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Putnam High Income Securities Fund

The convertibles sector had a tremendous 2020 on the back of a number of tailwinds such as outperformance in its sector tilts, high volatility, and falling rates. We take a look at the different options for investors in the sector across both open-end and closed-end funds.

Convertibles CEF Sector Update

NAPERVILLE, Ill., Jan. 21, 2021 /PRNewswire/ -- Calamos Investments®* announced today the raising of the monthly distribution rate of Calamos Convertible and High Income Fund (Nasdaq: CHY) from 8.50 cents per share to 10.00 cents per share payable on February 19, 2021. Representing an...

Calamos Investments Announces Calamos Convertible and High Income Fund (NASDAQ: CHY) to Raise Monthly Distribution Payable in February 2021

Ares Dynamic Credit Allocation Fund

Columbia Seligman Premium Technology Growth Func Inc

Liberty All Star Equity Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and a reasonable total return. The market downturn last year exposed the risk of high volatility and deep drawdowns with investing in closed-end funds. Obviously, they are not suited for everyone.

5 Best CEFs To Buy This Month (January 2020)

Eagle Point Credit

Eaton Vance High Income 2021 Target Term Trust

Miller/Howard High Income Equity Fund

Kayne Anderson Midstream/Energy Fund Inc.

OFS Credit Company Inc

Oxford Lane Capital

Voya Prime Rate Trust

Cushing Renaissance Fund

Tortoise Energy Infrastructure

XAI Octagon Floating Rate & Alternative Income Term Trust

For the broader indexes, December continued along its upward momentum. Overall, the market seems to be quite lofty at these levels, so keeping a cash allocation could be appropriate.

8 Closed-End Fund Buys In December To Finish Out A Volatile Year

NAPERVILLE, Ill., Dec. 17, 2020 /PRNewswire/ -- Calamos Investments announced the Calamos Closed-End Funds board of trustees for each of CHI, CHY, CSQ, CGO, CHW and CCD (the "Trusts") has elected to terminate, effective December 17, 2020, the designation of Fitch Ratings, Inc. (Fitch) as...

Calamos Investments Closed-End Funds' (NASDAQ: CHI, CHY, CSQ, CGO, CHW, and CCD) Mandatory Redeemable Preferred Shares Announce Change in Rating Agency to Kroll Bond Rating Agency from Fitch Ratings

The fund has been a solid-winner this year, as well as over the longer-term. Even while the fund has had strong success - the discount has been widening creating an opportunity.

CHY: Solid Track Record And Attractive Discount

CHY invests in a portfolio of convertible bonds and income securities. Fund has benefited this year from the environment of declining interest rates and strong equity market performance.

CHY: Widening Discount To NAV Reflects Missing Alpha

For income investors, closed-end funds are an attractive investment class that covers a variety of asset classes and promises high distributions and a reasonable total return.

News for Calamos Convertible And High Income Fund ETF (CHY)