Every material Form 8-K Calamos Dynamic Convertible & Income Fund has filed with the SEC since May 13, 2015, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD) said a share purchase program announced in its May 15, 2015 press release was completed in accordance with its terms. The purchases were made on behalf of the Fund's investment adviser, Calamos Advisors LLC, and ran through February 25, 2016, subject to disclosed price and volume limits.
Share purchase program announced in the Fund's May 15, 2015 press release is complete.
Purchases ran from July 7, 2015 through February 25, 2016, on each trading day.
Purchases were made on behalf of investment adviser Calamos Advisors LLC, subject to disclosed price and volume limitations.
The filing does not state the number of shares bought or the amount spent.
The fund said underwriters exercised part of their over-allotment option, buying 2,179,445 additional common shares for net proceeds of about $52 million. Including that exercise, the IPO issued 24,379,445 shares for net proceeds of about $582 million. The fund's adviser also adjusted its share purchase program, which may buy up to $125,000 of fund shares per trading day from July 7, 2015 through February 25, 2016, but only when shares trade at a 2% or greater discount to net asset value.
Underwriters bought 2,179,445 additional common shares through the over-allotment option, with net proceeds of about $52 million.
Total IPO shares issued: 24,379,445, with net proceeds to the fund of about $582 million.
Adviser's adjusted Rule 10b5-1 plan allows purchases of up to $125,000 per trading day starting July 7, 2015, through February 25, 2016.
Purchases occur only if shares trade at a 2% or greater discount to the prior day's closing net asset value and the SPDR Barclays Convertible Securities ETF has not fallen 2% or more intraday.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Calamos Dynamic Convertible & Income Fund filing is on SEC EDGAR ↗. 8-K briefs of other companies →