Company: CHY
Filing Date: 2025-02-24
Form Type: 424B5
Source: 0001104659-25-016491
Chunk: 97

Company: CALAMOS CONVERTIBLE & HIGH INCOME FUND
Filing Date: 2025-02-24
Form: 424B5
Chunk 97
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| ● | economic, political and social developments may adversely affect the securities markets in foreign jurisdictions, including expropriation 
 and nationalization;                                                                                                                      |

| ● | the difficulty in obtaining or enforcing a court judgment in non-U.S. countries; |

| ● | restrictions on foreign investments in non-U.S. jurisdictions; |

| ● | difficulties in effecting the repatriation of capital invested in non-U.S. countries; |

| ● | withholding and other non-U.S. taxes may decrease the Fund’s return; |

| ● | the ability for the Public Company Accounting Oversight Board, which regulates auditors of U.S. public companies, is unable to 
 inspect audit work papers in certain foreign countries;                                                                        |

| ● | often limited rights and few practical remedies to pursue shareholder claims, including class actions or fraud claims, and the       
 ability of the Commission, the U.S. Department of Justice and other authorities to bring and enforce actions against foreign issuers 
 or foreign persons is limited; and                                                                                                   |

| ● | dividend income the Fund receives from foreign securities may not be eligible for the special tax treatment applicable to qualified 
 dividend income.                                                                                                                    |

There may be less publicly available information about non-U.S. markets and issuers than is available with respect to U.S. securities and issuers. Non-U.S. companies generally are not subject to accounting, auditing and financial reporting standards, practices and requirements comparable to those applicable to U.S. companies. The trading markets for most non-U.S. securities are generally less liquid and subject to greater price volatility than the markets for comparable securities in the United States. The markets for securities in certain emerging markets are in the earliest stages of their development. Even the markets for relatively widely traded securities in certain non-U.S. markets, including emerging market countries, may not be able to absorb, without price disruptions, a significant increase in trading volume or trades of a size customarily undertaken by institutional investors in the United States. Additionally, market making and arbitrage activities are generally less extensive in such markets, which may contribute to increased volatility and reduced liquidity. Economies and social and political conditions in individual countries may differ unfavorably from those in the United States. Non-U.S. economies may have less favorable rates of growth of gross domestic product, rates of inflation, currency valuation, capital reinvestment, resource self-sufficiency and balance of payments positions. Many countries have experienced substantial, and in some cases extremely high, rates of inflation for many years. Inflation and rapid fluctuations in inflation