Calamos Convertible and High Income Fund (CHY)
Market Closed
15 Dec, 20:00
NASDAQ (NGS) NASDAQ (NGS) Primary $
11. 26
-0.11
-0.97%
$
911.97M Market Cap
- Div Yield
181,168 Volume
$ 11.37
Previous Close Day Range
11.25 11.42
Year Range
8.99 12.46
Want to track CHY and more in your Portfolio? 🎯
Sign up for Marketlog, a portfolio tracker that will exceed your expectations!
CHY: Not The Ideal Time For This Convertible Fund
CHY offers an attractive 11% yield and monthly distributions, but recent performance has suffered due to high interest rates and inconsistent earnings. The fund's heavy use of leverage and significant exposure to below-investment-grade and unrated debt heighten risk, especially if rates remain elevated. CHY trades at a small premium to NAV, but its price has declined and capital appreciation potential is limited; total returns rely mainly on distributions.
Seekingalpha | 5 months ago
