Company: CHY
Filing Date: 2025-02-21
Form Type: N-2ASR
Source: 0001104659-25-016081
Chunk: 168

Company: CALAMOS CONVERTIBLE & HIGH INCOME FUND
Filing Date: 2025-02-21
Form: N-2ASR
Chunk 168
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US SUPPLEMENT SUMMARY The following summary contains basic information about us and our securities. It is not complete and may not contain all of the information you may want to consider. You should review the more detailed information contained in this prospectus supplement and in the accompanying prospectus and in the statement of additional information, especially the information set forth under the heading “Risk Factors” beginning on page [] of the accompanying prospectus. The Fund The Fund is a diversified, closed-end management investment company, with total managed assets of $[] billion as of [], 20[]. We commenced operations in May 2003 following our initial public offering. Our investment objective is to provide total return through a combination of capital appreciation and current income. Investment Adviser Calamos Advisors LLC (the “Adviser” or “Calamos”) serves as our investment adviser. Calamos is responsible on a day-to-day basis for investment of the Fund’s portfolio in accordance with its investment objective and policies. Calamos makes all investment decisions for the Fund and places purchase and sale orders for the Fund’s portfolio securities. As of [], [], Calamos managed approximately $[] billion in assets of individuals and institutions. Calamos is a wholly-owned subsidiary of Calamos Investments LLC (“CILLC”). Calamos Asset Management, Inc. is the sole manager of CILLC. The Fund pays Calamos an annual management fee, payable monthly in arrears, for its investment management services equal to 0.80% of the Fund’s average weekly managed assets. “Managed assets” means the total assets of the Fund (including any assets attributable to any leverage that may be outstanding) minus the sum of accrued liabilities (other than debt representing financial leverage). “Net assets” does not include any assets attributable to any leverage that may be outstanding or other debt representing financial leverage. See “Management of the Fund” on page [] of the accompanying prospectus. The principal business address of the Adviser is 2020 Calamos Court, Naperville, Illinois 60563. The Offering The Fund and Calamos entered into the [] Agreement with [] (“[]”) relating to the common shares offered by this prospectus supplement and the accompanying prospectus. In accordance with the terms of the [] Agreement, we may offer and sell up to x,xxx,xxx of our common shares, no par value per share, from time to time through [] as our agent for the offer and sale of the common shares. Our common shares are listed on the Nasdaq Global Select Market (“Nasdaq”) under the