Calamos Announces Redemption Dates of Auction Rate Preferred Securities for Calamos Global Total Return and Calamos Strategic To

NAPERVILLE, Ill., April 25  /PRNewswire-FirstCall/ -- Calamos Investments today announced the auction rate preferred securities redemption dates for the Calamos Global Total Return Fund (NYSE:CGO) and the Calamos Strategic Total Return Fund (NYSE:CSQ).  As announced earlier this week, Calamos has secured an alternative form of borrowing that will enable, based on current market conditions, CGO to redeem all of its $59 million of outstanding ARPs and CSQ to redeem approximately 81.5% or $880 million of its outstanding ARPs.

  The redemption amounts and dates are as follows:


  CGO
  Auction         Shares         Percent to    Amount to be   Redemption
  Series          Outstanding    be Redeemed   Redeemed       Date

  Tuesday         2,360          100.0 %       $59,000,000    May 13, 2008

  CSQ Auction      Shares         Percent to    Amount to      Redemption
  Series           Outstanding    be Redeemed   be Redeemed    Date

  Monday          7,040           81.5 %       $143,400,000   May 12, 2008
  Tuesday         7,040           81.5 %       $143,400,000   May 13, 2008
  Wednesday       7,040           81.5 %       $143,400,000   May 14, 2008
  Thursday        7,040           81.5 %       $143,400,000   May 15, 2008
  Friday          7,040           81.5 %       $143,400,000   May 16, 2008
  A (28-Day)      4,000           81.5 %        $81,500,000   May 28, 2008
  B (28-Day)      4,000           81.5 %        $81,500,000   May 29, 2008





Additional information regarding the redemptions will be discussed on a conference call to be held Monday, April 28 at 2:00 pm ET/1:00 pm CT. The conference call is accessible by dialing one of the following numbers:

  Participant Dial-in:
  *U.S./Canada Dial-in #: 800.379.3942
  *Int'l/Local Dial-in #: 706.679.7206
  Conference ID #: 44914033
  You may also listen online: http://audioevent.mshow.com/344153/



Following the call, a replay will be available beginning at 5:00 pm ET/4:00 pm CT. To access the telephone replay, call the number listed below and provide the conference ID number:

  Replay info:
  Encore Dial-in #: 800.642.1687 or 706.645.9291
  Encore Dates: 04/28/2008 - 05/06/2008 (end of day)
  Conference ID #: 44914033


  About Calamos


Calamos Investments is a diversified investment firm offering equity, fixed-income, convertible and alternative investment strategies, among others. The firm serves institutions and individuals via separately managed accounts and a family of open-end and closed-end funds, providing a risk-managed approach to capital appreciation and income-producing strategies. For more information, visit http://www.calamos.com/closedendfunds/default.aspx.

From time to time, information or statements provided by us, including those within this news release, may contain certain forward-looking statements relating to future events, future transactions, future financial performance, future potential costs, expectations, the competitive and regulatory environment and future market conditions. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Such risks and uncertainties include, but are not limited to: catastrophic or unpredictable events, changing costs of leverage, strategy implementation obstacles, fluctuations in the financial markets and the competitive conditions in the fund, asset management and broader financial services sectors and other risks inherent in the financial and trading markets, including liquidity issues. 

DATASOURCE: Calamos Investments



CONTACT:  Ken Fincher, Vice President of Calamos Advisors LLC,

[phone], 



Web site:  http://www.calamos.com/ 

Copyright