Calamos Convertible Opportunities and Income Fund

CHI

Market cap $846M

METRO CHICAGO, Ill. , Dec. 1, 2025 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in December 2025 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

Calamos Convertible Opportunities and Income Fund offers a high 10.85% yield, competitive total returns, and strong portfolio diversification for income-focused investors. CHI's performance closely tracks the convertible bond index, but its yield and resilience during market downturns make it attractive, especially for risk-averse investors. The fund's distribution appears sustainable, backed by recent gains and a NAV increase, though coverage relies partly on unrealized gains.

METRO CHICAGO, Ill. , Nov. 3, 2025 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in November 2025 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

METRO CHICAGO, Ill. , Oct. 1, 2025 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in October 2025 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

CHI's premium has declined to near parity, making it a more attractive entry point for convertible and high-yield exposure seekers. The fund offers an 11.19% yield, but distributions rely on capital gains as net investment income remains negative, which can be negative in a stretched market. While not a deep bargain, CHI is worth considering now, though waiting for a broader market pullback could provide a better buying opportunity.

METRO CHICAGO, Illinois , Sept. 2, 2025 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in September 2025 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

METRO CHICAGO, Ill. , Aug. 1, 2025 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in August 2025 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

We closed out the first half of 2025, making it an appropriate time to give the overall CEF space a fresh look for potential opportunities. As the broader equity indexes have been performing quite well, discounts in the CEF space have narrowed overall. The best relative value more broadly is in the municipal bond space and the "hybrid" funds.

Calamos Convertible Opportunities and Income Fund provides leveraged exposure to convertible and vanilla high-yield bonds. That said, take note of CHI's large portion of unrated holdings. At face value, a yield in excess of 10% and a recent sell-off present a potential opportunity to income-seeking and value investors. Rushing into CHI's headline metrics might leave some disappointed. The fund reported a semi-annual net loss and reverted to ROC in recent months to sustain its yield.

METRO CHICAGO, Ill. , July 1, 2025 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in July 2025 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.