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Calamos Convertible and High Income Fund

CHY

Market cap $894M

11.12 USD

-0.10

0.89%

At close Updated Oct 23, 4:00 PM EDT

1 day

-0.89%

5 days

-0.8%

1 month

-10.32%

3 months

-14.59%

6 months

-9%

Year to date

-2.03%

1 year

-2.37%

5 years

-32.44%

10 years

2.77%

About: Calamos Convertible & High Income Fund is a diversified, closed-end management investment company. Its objective is to provide total return through a combination of capital appreciation and current income. The firm invests in a diversified portfolio of convertible securities and high-yield securities.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 28.6%

Neutral 71.4%

Negative 0%

Weekly Closed-End Fund Roundup (October 11, 2026)

CEFs were mixed this week: 10 of 26 sectors rose on price (average -0.02%) and 15 of 26 on NAV (average +0.15%); MLPs led while Senior Loans lagged.

Weekly Closed-End Fund Roundup (October 11, 2026)

CHI To CHY: Swap Into The Cheaper Calamos Convertible Twin

Calamos Convertible Opportunities and Income Fund and Calamos Convertible and High Income Fund hold nearly identical portfolios but trade far apart. CHI trades at a +1.88% premium versus CHY's -3.86% discount, a 5.74-point gap that sits roughly 1.5 standard deviations above its one-year average. With a 0.999 correlation in daily NAV moves, swapping CHI for CHY picks up about 5.7 points of discount and a higher yield on price (10.05% versus 9.58%).

CHI To CHY: Swap Into The Cheaper Calamos Convertible Twin

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

METRO CHICAGO, Ill., Oct. 1, 2026 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in October 2026 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

Calamos Convertible & High Income Fund Q2 2026 Commentary

For the quarter ending June 30, 2026, Calamos Convertible & High Income Fund rose 24.62% on NAV and 28.01% on market price. The fund benefited from security selection and an average overweight allocation in information technology, as holdings in technology hardware, storage & peripherals and semiconductor materials & equipment added to returns. Relative to the comparator index, security selection within the real estate sector dampened relative performance, as holdings in data center REITs and real estate services lost ground.

Calamos Convertible & High Income Fund Q2 2026 Commentary

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

METRO CHICAGO, Ill., Sept. 1, 2026 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in September 2026 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

Calamos Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CHW, CGO and CCD) Announce Private Placements Totaling $248.25 Million of Mandatory Redeemable Preferred Shares

METRO CHICAGO, Ill., Aug. 26, 2026 /PRNewswire/ -- The Boards of Trustees of six of Calamos Investments' closed-end funds (the Funds) today announced the issuance of additional series of mandatory redeemable preferred (MRP) shares totaling $248.25 million.

Calamos Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CHW, CGO and CCD) Announce Private Placements Totaling $248.25 Million of Mandatory Redeemable Preferred Shares

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

METRO CHICAGO, Ill., Aug. 3, 2026 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in August 2026 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

CHY: A 9.2% Yield That's Still Well-Covered, But Watch The Rate Risk

Calamos Convertible & High-Income Fund maintains a buy rating due to strong dividend coverage and a 9.2% yield, despite a slight premium to NAV. CHY's performance is driven by net realized gains, not net investment income, raising concerns about sustainability if markets weaken or rates rise. The fund's heavy technology sector allocation and aggressive leverage (31.54% of assets) amplify both upside potential and risk in volatile markets.

CHY: A 9.2% Yield That's Still Well-Covered, But Watch The Rate Risk

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

METRO CHICAGO, Ill., July 1, 2026 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in July 2026 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

METRO CHICAGO, Ill., June 1, 2026 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in June 2026 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

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