Calamos Long/Short Equity & Dynamic Income Trust

CPZ

Market cap $295M

The Calamos Long/Short Equity & Dynamic Income Trust offers an 11.49% yield, utilizing both long and short positions to generate high income. CPZ's distribution is fully covered by investment profits, but its long-term total return underperforms broad equity indices and select peer funds. The fund's short positions, especially in semiconductors and Tesla, may cushion downside in market corrections but can drag on performance in bullish markets.

CSQ to Raise Monthly Distribution METRO CHICAGO, Ill. , Dec. 18, 2025 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in 2026 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

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.

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.

Calamos L/S Equity & Dynamic Income Trust blends equity and fixed-income investments with a unique long/short strategy, offering potential hedging. CPZ has outperformed the S&P 500 recently, but aided by a significant narrowing of its discount, now the fund trades at a less attractive mid-single-digit discount. The fund maintains a steady distribution rate, coming in at an attractive ~10%, but relies heavily on short-term capital gains, making it less tax-friendly for taxable accounts.

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.

Closed End Funds (CEFs) offer a combination of portfolio mitigation risk diversification and active management.

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.

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.