Calamos Convertible Opportunities and Income Fund
CHI
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- John Peter Calamos
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 2020 Calamos Court Naperville IL United States of America 60563-2787
- IPO Date
- Jun 27, 2002
- CIK
- 0001171471
- Website
- fundinvestor.calamos.com
- Similar Companies
- Business
- Calamos Convertible Opportunities and Income Fund (CHI) is a diversified, closed-end management investment company that seeks total return through a combination of capital appreciation and current income. The Fund invests at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities, including high-yield corporate bonds rated Ba or lower by Moody's or BB or lower by S&P; it employs fundamental and quantitative analysis focusing on financial soundness, interest and dividend payment ability, earnings and cash-flow forecasts, and management quality. Launched via initial public offering on June 26, 2002, at a share price of $15.00, the Fund is managed by Calamos Advisors LLC, an affiliate of Calamos Investments LLC, and is headquartered at 2020 Calamos Court, Naperville, Illinois. The Fund trades on the Nasdaq Global Select Market under the ticker CHI, with a net asset value ticker of XCHIX, and as of recent data maintains managed assets of approximately $1.3 billion, total common share assets of $862 million, 79.8 million shares outstanding, and employs 33.51% leverage through debt and other instruments to enhance returns. It targets retail and institutional investors seeking monthly distributions—currently $0.0950 per share, yielding 10.45% annually based on market price—with lower sensitivity to interest rate fluctuations due to its focus on lower-duration bonds and securities offering equity upside potential with reduced downside risk. The portfolio exhibits an average turnover of 74.6%, and operations are domiciled in the United States with investments primarily in U.S. fixed income markets. In recent years, Calamos Investments, the Fund's sponsor, has pursued strategic growth in alternatives, including the July 2025 launch of the Calamos Aksia Private Equity & Alternatives Fund (CAPVX) in partnership with Aksia under the new AC Private Markets brand, building on their 2023 private credit fund CAPIX to expand access to buyouts, growth equity, and venture capital for retail investors. The firm also introduced the Autocallable Income ETF (CAIE) in June 2025 and announced 12 Structured Protection ETFs in April 2024, reflecting a broader diversification into private markets and structured products amid $40 billion in total AUM as of mid-2025. These initiatives, alongside leadership expansions in December 2025 such as new sales and asset allocation heads, underscore Calamos' focus on enhancing distribution and product innovation without direct impact on CHI's core convertible and high-yield strategy.