Positive
Seeking Alpha
4 months ago
CGO: Deep Discounts Present An Opportunity To Accumulate
Calamos Global Total Return Fund remains a buy due to its deeply discounted 9.13% NAV, despite positive price momentum and robust 8% yield. CGO offers global diversification, blending equities, convertibles, and bonds, with top holdings in TSM, NVDA, GOOG, and MSFT, and a 31.75% leverage ratio. The fund's distributions rely entirely on net realized gains, as net investment income remains negative and vulnerable to higher interest rates.