Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI) is a closed-end management investment company that seeks total return through a combination of current income and capital appreciation. The Fund primarily invests in convertible securities, including bonds, notes and preferred stocks, issued by corporations across a broad range of industries. By blending elements of both equity and fixed-income markets, CHI aims to deliver an attractive income stream while retaining the potential for capital growth when underlying issuers experience favorable business performance or equity price appreciation.
The Fund’s investment strategy emphasizes a diversified portfolio of convertible securities alongside opportunistic exposure to high-yield debt instruments. Portfolio managers conduct in-depth fundamental analysis to assess credit risk, equity upside potential and interest rate sensitivity. This dual-focus approach allows the Fund to capture income through coupon payments and dividend equivalents on convertibles, while also pursuing capital gains when issuers’ share prices rise or when market conditions support tightening credit spreads.
Launched in 1990, Calamos Convertible Opportunities and Income Fund is managed by Calamos Advisors LLC, a global investment management firm founded in 1977 and headquartered in Naperville, Illinois. Under the leadership of founder and CEO John P. Calamos Sr. and a seasoned team of convertibles specialists, the firm has built a reputation for pioneering convertible securities investing. The Fund benefits from Calamos’s deep research capabilities, risk management framework and long-standing relationships with corporate issuers and underwriters around the world.
Serving individual and institutional investors, CHI offers daily liquidity through its listing on the NASDAQ Global Select Market. While the Fund’s assets are predominantly invested in U.S. issuers, its flexible mandate allows for selective exposure to offshore opportunities in Europe and Asia. Through its combination of income generation, capital appreciation potential and professional management, Calamos Convertible Opportunities and Income Fund appeals to investors seeking a diversified solution within the convertibles sector.
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