Calamos Announces Redemption Dates of Auction Rate Preferred Securities for Calamos Global Dynamic Income Fund (CHW)

- Calamos Global Dynamic Income Fund to redeem all $50 Million of its outstanding Auction Rate Preferred Securities (ARPS). - After this step, ARPS redemptions for all five of Calamos' closed-end funds will be complete.


NAPERVILLE, Ill., Oct. 6  /PRNewswire-FirstCall/ -- Calamos Investments announced today redemption dates for all outstanding Auction Rate Preferred Securities (ARPS) for the Calamos Global Dynamic Income Fund (NYSE:CHW). Series, CUSIP and redemption date specifics are shown in the table below:

                   Series         CUSIP       Redemption Date
                   ------         -----       ---------------
                     T          12811L305     October 21, 2009
                     -          ---------     ----------------
                     W          12811L404     October 22, 2009
                     -          ---------     ----------------
                     TH         12811L503     October 23, 2009
                     --         ---------     ----------------
                     F          12811L602     October 26, 2009
                     -          ---------     ----------------
                     M          12811L206     October 27, 2009
                     -          ---------     ----------------



Calamos filed a Rule 23c-2 notice on October 6, 2009 which details the redemption dates for the CHW ARPS. The filing can be found on the SEC website at: http://www.sec.gov/Archives/edgar/data/1396277/000095012309048716/0000950123-0 9-048716-index.htm

On May 19, 2009, Calamos announced that it had received Board approval to complete refinancing of all outstanding auction rate preferred securities for the Calamos Closed End Funds. With this final step, Calamos will have refinanced 100% of its $2.3 Billion of outstanding ARPS across its five closed-end funds. All Calamos' refinancings to date, as well as the planned CHW refinancing, have utilized attractively-priced debt facilities.

"We are pleased to announce the final refinancing of our Funds' auction rate preferred securities," stated John P. Calamos, Sr., chairman, chief executive officer and co-chief investment officer of Calamos Asset Management. "We believe that what we have achieved with the refinancings is in the best interests of all of our closed-end fund shareholders."

About Calamos Asset Management, Inc.

Calamos Asset Management, Inc. is a globally diversified investment firm offering equity, fixed-income, convertible and alternative investment strategies, among others. The firm serves institutions and individuals around the world 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/

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 Asset Management, Inc.



CONTACT:  Scott Henderson, Associate Vice President of Calamos

Investments, [phone], 



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

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