Company: CHY
Filing Date: 2025-12-29
Form Type: N-CSR
Source: 0001104659-25-124662
Chunk: 171

Company: CALAMOS CONVERTIBLE & HIGH INCOME FUND
Filing Date: 2025-12-29
Form: N-CSR
Chunk 171
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realized depreciation on forward foreign currency contracts" for liability derivatives.

Note 7 – Notes Payable

The Funds have each entered into an Amended and Restated Liquidity Agreement (the "SSB Agreement") with State Street Bank and Trust Company ("SSB") that allows each Fund to borrow up to a certain limit as shown in the table below, as well as engage in securities lending and securities repurchase transactions.

| FUND                                      |     | BORROWING     
 LIMIT         
 (IN MILLIONS) |         |
|:------------------------------------------|:----|:--------------|--------:|
| Convertible Opportunities and Income Fund |     | $             |   430.0 |
| Convertible and High Income Fund          |     |               |   480.0 |
| Strategic Total Return Fund               |     |               | 1,130.0 |
| Dynamic Convertible and Income Fund       |     |               |   370.0 |
| Global Dynamic Income Fund                |     |               |   265.0 |
| Global Total Return Fund                  |     |               |    55.0 |
| Long/Short Equity & Dynamic Income Trust  |     |               |   150.0 |

Advances under the SSB Agreement are secured by assets of the Funds that are held with the Funds' custodian in a separate account (the "pledged collateral"). Interest on the SSB Agreement was charged on the drawn amount at the rate of OBFR plus 0.52% during the year ended October 31, 2025. A commitment fee of 0.10% is payable on any undrawn balance. For the year ended October 31, 2025, the Funds borrowed according to the table below:

| FUND                                      |     | AVERAGE       
 BORROWINGS    
 (IN MILLIONS) |       |     | AVERAGE       
 INTEREST RATE |      |   |     | TOTAL OUTSTANDING 
 BORROWINGS        
 (IN MILLIONS)     |         |     | INTEREST RATE 
 APPLICABLE    
 TO BORROWINGS |      |   |
|:------------------------------------------|:----|:--------------|------:|:----|:--------------|-----:|:--|:----|:------------------|--------:|:----|:--------------|-----:|:--|
| Convertible Opportunities and Income Fund |     | $             | 303.6 |     |               | 4.93 | %