Calamos Strategic Total Return Fund Announces Monthly Dividend
03 June 2005 - 8:08AM
PR Newswire (US)
Calamos Strategic Total Return Fund Announces Monthly Dividend
NAPERVILLE, Ill., June 2 /PRNewswire-FirstCall/ -- CALAMOS
INVESTMENTS announced today the declaration of a monthly dividend
distribution on each common share for the Calamos Strategic Total
Return Fund. CSQ (inception 03/26/2004) Calamos Strategic Dividend
Total Return Fund (Level Rate Payable Record Ex-dividend
Distribution) date date date June Dividend $0.0875 06/27/2005
06/15/2005 06/13/2005 A dividend offers shareholders the
opportunity to accumulate more shares in a fund via the automatic
dividend reinvestment plan. For example, if a fund's shares are
trading at a premium, dividends will be automatically reinvested
through the plan at NAV or 95% of the market price, whichever is
greater; if shares are trading at a discount, dividends will be
reinvested at the market price. Thus, the plan offers current
shareholders an efficient method of accumulating additional shares
with a potential for cost savings. Please see the dividend
reinvestment plan for more information. The Fund has a level rate
distribution policy paying monthly distributions at the stated
rate. Distributions paid may include net investment income, net
realized short-term capital gains and, if necessary, return of
capital. In addition, one distribution per calendar year may
include net realized long- term capital gains. There is no
guarantee that the Fund will realize capital gains in any given
year. Distributions are subject to re-characterization for tax
purposes after the end of the fiscal year. All shareholders with
taxable accounts will receive written notification regarding the
components and tax treatment for distributions via Form 1099-DIV.
Distributions from the Fund are generally subject to Federal income
taxes. For purposes of maintaining the level rate distribution
policy, the Fund may realize short-term capital gains on securities
that, if sold at a later date, would have resulted in long-term
capital gains. Maintenance of a level rate distribution policy may
increase transaction and tax costs associated with the Fund.
Additional information about the Fund, including a monthly
commentary, portfolio holdings, and a description of the Fund's
dividend reinvestment plan is posted at Calamos Investments'
website, http://www.calamos.com/ . Important Notes About
Performance and Risk: You can purchase or sell common shares daily.
Like other investments, market price will fluctuate with the
market. Upon sale, your shares may have a market price that is
above or below net asset value and may be worth more or less than
your original investment. Due to ongoing market volatility,
performance is subject to substantial short-term fluctuations.
Investments by a fund in lower rated securities involve substantial
risk of loss and present greater risks than investments in higher
rated securities, including less liquidity and increased price
sensitivity to changing interest rates and to a deteriorating
economic environment. Shares of closed-end funds frequently trade
at a market price that is below their net asset value. Fixed-income
securities are subject to interest rate risk; as interest rates go
up, the value of debt securities in a fund's portfolio generally
will decline. There are certain risks associated with an investment
in a convertible bond, such as default risk - that the company
issuing a convertible security may be unable to repay principal and
interest - and interest rate risk - that the convertible may
decrease in value if interest rates increase. About CALAMOS CALAMOS
INVESTMENTS provides investment advisory services to institutions
and individuals seeking superior risk-adjusted returns over the
long term. With roots dating back to 1977, the company applies its
proprietary investment process across an expanding range of
investment strategies within the equity, global/international,
balanced, high yield, convertible and alternative investment
classes. For more information, visit http://www.calamos.com/ .
Calamos(R), Calamos Investments(R), Strategies for Serious
Money(R), and the Calamos(R) logo are registered trademarks of
Calamos Holdings LLC. DATASOURCE: CALAMOS INVESTMENTS CONTACT: Jeff
Kelley of CALAMOS INVESTMENTS, +1-630-577-9687, Web site:
http://www.calamos.com/
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