Calamos Convertible Opportunities and Income Fund (CHI)
CHI Price and Sentiment
CHI Latest news
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.
CHI has a distribution of 7.56% which is reasonably attractive if the distribution is covered. I continue my series where I look at CEFs beyond the yield with a look at CHI.
In the summer of 2020, I created a small “piggy bank” portfolio consisting of six titles entirely dedicated to ETFs and ETNs as an adjunct to my Cupolone Income Portfolio. I named this new portfolio my Giotto Income Portfolio, in honor of the famous Florentine painter and architect.
NCV pays a relatively high distribution rate compared to its peers, even after it cut its distribution last year. Interestingly enough, the fund is also trading at a deeper discount than its peers and is becoming a tempting target.
CHI seems to be expensive at a quick first glance; however, diving a bit deeper might change one's opinion. The fund earlier in 2021 boosted its distribution, and they should be able to maintain the current rate for the foreseeable future.
Convertible closed-end funds offer high-yield exposure to an asset class that complements common and preferred equity.
ICVT facts and portfolio. Historical behavior. A tactical ETF rotation.
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.
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.
Calamos Investments Announces Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI) to Raise Monthly Distribution Payable in February 20212021-01-21 19:43
NAPERVILLE, Ill., Jan. 21, 2021 /PRNewswire/ -- Calamos Investments®* announced today the raising of the monthly distribution rate of Calamos Convertible Opportunities and Income Fund (Nasdaq: CHI) from 8.00 cents per share to 9.50 cents per share payable on February 19, 2021....