Calamos Convertible & Hi, Inc.me Fund (NYSE:CHY)
CAPS Rating:
Diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of capital appreciation and current income.
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An interesting closed-end fund run by Calamos that is currently trading at a slight discount to its net asset value. It holds a neat collection of convertible bonds, preferred stock, and bonds. The fund currently yields 7.8% annually which is pays on a monthly basis. It won't do well here in CAPS in a bull market, but if we tread water like many believe we will it should be fine.http://www.calamos.com/fundinvestor/closedendfunds/CEFund.aspx?name=CHY#TabComposition1Deej