Company: CHY
Filing Date: 2025-02-24
Form Type: 424B5
Source: 0001104659-25-016491
Chunk: 57

Company: CALAMOS CONVERTIBLE & HIGH INCOME FUND
Filing Date: 2025-02-24
Form: 424B5
Chunk 57
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 Calamos Convertible and High Income Fund is a diversified, closed-end management investment company which commenced investment operations in May 2003. The Fund was organized as a statutory trust under the laws of the State of Delaware on March 12, 2003, and has registered under the 1940 Act. On May 27, 2003, the Fund issued an aggregate of 52,200,000 common shares, no par value, in an initial public offering and commenced its operations. On June 11, 2003 and July 15, 2003, the Fund issued an additional 4,000,000 and 3,800,000 common shares, respectively, in connection with exercises by the underwriters of their over-allotment option. The net proceeds of the initial public offering and subsequent exercises of the over-allotment option were approximately $858.2 million after the payment of offering expenses. As of January 31, 2019, the Fund had issued an additional 3,927,884 common shares in connection with a continuous, at-the-market offering that commenced in June 2008 and ceased in March 2019 (the “Previous ATM Offering”). The net proceeds of the Previous ATM Offering were $45 million. As of January 31, 2022, the Fund had issued an additional 495,738 common shares in connection with a continuous, at-the-market offering that commenced in March 2019 and ceased in February 2022 (the “2022 ATM Offering”). The net proceeds of the 2022 ATM Offering were $8 million. As of January 31, 2025, the Fund had issued an additional 2,067,199 common shares in connection with a continuous, at-the-market offering that commenced on February 24, 2022. The net proceeds of this ATM offering were $25 million. 25 As of January 31, 2025, the Fund had utilized $341 million of the $480 million available under the SSB Agreement ($276 million of advances outstanding, and $65 million in structural leverage consisting of collateral received from counterparties to securities lending transactions through SSB in connection with securities on loan), representing 25.6% of the Fund’s managed assets as of that date, and had $145 million of MRP Shares outstanding, representing 10.9% of the Fund’s managed assets. Combined, the borrowings under the SSB Agreement and the outstanding MRP Shares represented 36.5% of the