Company: CHY
Filing Date: 2025-02-24
Form Type: 424B5
Source: 0001104659-25-016491
Chunk: 82

Company: CALAMOS CONVERTIBLE & HIGH INCOME FUND
Filing Date: 2025-02-24
Form: 424B5
Chunk 82
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), unless (1) immediately after such transaction the Fund would satisfy the MRP Shares Asset Coverage Test, (2) full cumulative dividends on the MRP Shares due on or prior to the date of the transaction have been declared and paid to the holders of MRP Shares, and (3) the Fund has redeemed the full number of MRP Shares required to be redeemed by any provision for mandatory redemption contained in Section 3(a) of the Statement of Preferences (as defined below) or deposited sufficient monies with the Paying Agent for that purpose (without regard to the provisions of the Special Proviso); provided that the Fund may make any distributions reasonably necessary for the Fund to continue to qualify as a “regulated investment company” under Subchapter M of the Internal Revenue Code and to avoid excise tax under Section 4982 of the Internal Revenue Code (“Tax Required Payments”). For the avoidance of doubt, any such Tax Required Payments would only be paid to holders of Common Shares after full cumulative dividends due on or prior to the date of the applicable distribution and any mandatory redemptions occurring on or prior to the date of the applicable distribution have been paid to the holders of Preferred Shares. The terms of the MRP Shares and rights and preferences of the holders of MRP shares are set forth in the Statement of Preferences of Series C Mandatory Redeemable Preferred Shares, Series D Mandatory Redeemable Preferred Shares, Series E Mandatory Redeemable Preferred Shares, and Series G Mandatory Redeemable Preferred Shares (the “Statement of Preferences”). Redemption.The terms of the MRP Shares provide that: (i) the Fund may redeem the MRP Shares at its option at the liquidation preference plus accrued and unpaid dividends and plus a make-whole premium, subject to notice and other requirements; (ii) the Fund is required to redeem the MRP Shares upon failure to satisfy the MRP Shares Asset Coverage Test (tested monthly), subject to cure periods; and (iii) the Fund is required to redeem the MRP Shares on the term redemption date of, September 6, 2027 for the Series C MRP Shares, August 24, 2026 for the Series D MRP Shares, May 24, 2027 for the Series E MRP Shares, and September 9, 2029 for the Series G MRP Shares. Voting Rights.Except as otherwise required in the prospectus, the governing documents of the Fund, or as otherwise required by applicable law, the Fund’s preferred shareholders, including the holders of MRP