Calamos Convertible & Hi, Inc.me Fund (NYSE:CHY)

CAPS Rating: 4 out of 5

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.

Recs

2
Player Avatar TMFDeej (99.37) Submitted: 7/20/2011 10:22:03 AM : Outperform Start Price: $11.98 CHY Score: +0.39

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

Featured Broker Partners


Advertisement