Company: CPZ
Filing Date: 2025-06-27
Form Type: N-CSRS
Source: 0001104659-25-063509
Chunk: 6

Company: Calamos Long/Short Equity & Dynamic Income Trust
Filing Date: 2025-06-27
Form: N-CSRS
Chunk 6
---
 including supply and demand and market conditions. (c) Ratio of net expenses, excluding interest expense on Notes Payable and interest expense and amortization of offering costs on Mandatory Redeemable Preferred Shares, to average net assets was 1.52%, 1.51%, 1.57%, 1.53%, 1.44% and 1.54%, respectively. (d) Annualized. (e) Calculated by subtracting the Fund's total liabilities (not including Notes payable and Mandatory Redeemable Preferred Shares) from the Fund's total assets and dividing this by the amount of Notes payable outstanding, and by multiplying the result by 1,000. (f) Calculated by subtracting the Fund's total liabilities (not including Notes payable and Mandatory Redeemable Preferred Shares) from the Fund's total assets and dividing this by the amount of Mandatory Redeemable Preferred Shares outstanding, and by multiplying the result by 25.

CALAMOS CLOSED-END FAMILY OF FUNDS SEMIANNUAL REPORT
20 Calamos Dynamic Convertible and Income Fund Financial Highlights

Selected data for a share outstanding throughout each period were as follows:

|                                                                |     | 2025 | (UNAUDITED) 
  SIX MONTHS 
       ENDED 
   APRIL 30, |       |     | 2024 | YEAR ENDED OCTOBER 31, |    |     | 2023 |         |    |     | 2022 |         |    |     | 2021 |         |    |     | 2020 |         |   |
|:---------------------------------------------------------------|:----|:-----|------------:|:------|:----|:-----|-----------------------:|:---|:----|:-----|--------:|:---|:----|:-----|--------:|:---|:----|:-----|--------:|:---|:----|:-----|--------:|:--|
| PER SHARE OPERATING PERFORMANCE                                |     |      |             |       |     |      |                        |    |     |      |         |    |     |      |         |    |     |      |         |    |     |      |         |   |
| Net asset value, beginning of period                           |     | $    |       19.24 |       |     | $    |                  17.24 |    |     | $    |   20.19 |    |     | $