CCD: Caution Is Warranted As It Trades At A 25% NAV Premium [Seeking Alpha]
Calamos Dynamic Convertible & Income Fund - Closed End Fund (CCD)
US:NASDAQ Investor Relations:
calamos.com/fundinvestor/closedendfunds/cefund.aspx?name=ccd
Company Research
Source: Seeking Alpha
Summary Calamos Dynamic Convertible and Income Fund (CCD) achieved a 28.36% total return in the last year, outperforming the market's 25% return, despite an initial dip. The fund's long-term total return is 138.4% over 8 years, with a nearly flat price performance and a consistent 10% annual distribution yield. CCD trades at a 25% NAV premium, indicating high investor confidence but reducing the margin of safety and increasing risk if sentiment shifts. Convertible bonds' performance is tied to stock market trends; CCD's high yields are sustained by capital gains, posing risks in market downturns. Marina_Skoropadskaya Calamos Dynamic Convertible and Income Fund ( NASDAQ: CCD ) is a high-yield fund that aims to generate income by investing in convertible corporate bonds. I covered this fund last year in an article titled CCD: Good Way To Generate Income If You Are Bullish On Growth Stocks , and it actually performed above my expectations by being up 28.36% in total returns
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News
- Calamos Announces Upside Cap Ranges for Upcoming Structured Protection ETFs Providing Exposure to S&P 500 and Nasdaq-100 with 100% Downside Protection Over One YearPR Newswire
- Calamos Announces Initial Upside Cap Rates for World's First 90% and 80% Downside Protected Bitcoin ETFs With Successful Launch of CBXJ and CBTJPR Newswire
- Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of DistributionPR Newswire
- Calamos to Launch World's First Downside Protected Bitcoin ETF Suite With New 90% Protection (CBXJ) and 80% Protection (CBTJ) ETFs; Announces Upside Cap Ranges for the SuitePR Newswire
- Calamos to Launch World's First 100% Downside Protected Bitcoin ETF - CBOJPR Newswire