Company: CPZ
Filing Date: 2025-12-29
Form Type: N-CSR
Source: 0001104659-25-124691
Chunk: 175

Company: Calamos Long/Short Equity & Dynamic Income Trust
Filing Date: 2025-12-29
Form: N-CSR
Chunk 175
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   |     | ISSUE   
 DATE    |     | TERM       
 REDEMPTION 
 DATE       |     | DIVIDEND 
 RATE     |      |   |     | SHARES  
 (000'S) |     |     | LIQUIDATION 
 PREFERENCE  
 PER SHARE   |    |     | AGGREGATE   
 LIQUIDATION 
 PREFERENCE  |            |
|:---------|:----|:--------|:----|:-----------|:----|:---------|-----:|:--|:----|:--------|----:|:----|:------------|---:|:----|:------------|-----------:|
| Series C |     | 9/6/17  |     | 9/6/27     |     |          | 4.24 | % |     |         | 160 |     | $           | 25 |     | $           |  4,000,000 |
| Series D |     | 8/24/21 |     | 8/24/26    |     |          | 2.45 | % |     |         | 200 |     | $           | 25 |     | $           |  5,000,000 |
| Series E |     | 3/8/22  |     | 5/24/27    |     |          | 2.68 | % |     |         | 160 |     | $           | 25 |     | $           |  4,000,000 |
| Total    |     |         |     |            |     |          |      |   |     |         |     |     |             |    |     | $           | 13,000,000 |

The MRPS are not listed on any exchange or automated quotation system. The MRPS are considered debt of the issuer; therefore, the liquidation preference, which approximates fair value of the MRPS, is recorded as a liability in each Fund's Statement of Assets and Liabilities net of deferred offering costs. The MRPS are categorized as Level 2 within the fair value hierarchy.

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245 Notes to Financial Statements During the year ended October 31, 2025, all MRPS were rated `AA-' by Kroll Bond Rating Agency LLC ("KBRA"). If the ratings of the MRPS are downgraded, each Fund's dividend expense may increase, as described below. Holders of MRPS are