Calamos Global Convertible Fund gives details

By Toni Weeks

San Luis Obispo, Calif., Dec. 30 – Calamos Investment Trust gave details on its upcoming new convertible fund, the Calamos Global Convertible Fund, according to an N-2 filing with the Securities and Exchange Commission.

The fund will seek total return through capital appreciation and current income by investing in a globally diversified portfolio of convertible securities, including synthetic convertible securities, issued by both U.S. and foreign companies without regard to market capitalization. The securities will include, but are not limited to, any corporate debt security, debentures, notes or preferred stock that may be converted into equity securities of companies around the world, including in emerging markets. At least 20% of the fund’s assets will be invested in securities of foreign issuers.

The portfolio management team will be comprised of John P. Calamos Sr., Gary D. Black, Dennis Cogan, John Hillenbrand, Steve Klouda, Nick Niziolek, Eli Pars and Jon Vacko.

The fund will launch with class A and class C shares. The ticker symbols are “CCGCX” and “CCHEX,” respectively.

Class A shares will be subject to a maximum sales load of 4.75%, while class C shares will incur a maximum deferred sales load of 1%. Including management fees of 0.85%, and taking into account an expense reimbursement with the investment adviser, total annual operating expenses are expected to be 1.35% for class A and 2.1% for class C shares.

Naperville, Ill.-based Calamos Advisors LLC will serve as the investment adviser to the fund.

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