Company: CPZ
Filing Date: 2025-12-29
Form Type: N-CSR
Source: 0001104659-25-124691
Chunk: 167

Company: Calamos Long/Short Equity & Dynamic Income Trust
Filing Date: 2025-12-29
Form: N-CSR
Chunk 167
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,179,518 | ) |     |              |  12,339,285 |   |     |                  | (69,608,929 | ) |
| Total accumulated earnings/(losses)          |     |                |   2,139,640 |   |     |              |  14,345,943 |   |     |                  | (62,349,842 | ) |
| Other                                        |     |                |    (214,734 | ) |     |              |    (223,595 | ) |     |                  |  (3,611,334 | ) |
| Paid-in-capital                              |     |                | 545,752,774 |   |     |              | 114,718,923 |   |     |                  | 392,628,096 |   |
| Net assets applicable to common shareholders |     | $              | 547,677,680 |   |     | $            | 128,841,271 |   |     | $                | 326,666,920 |   |

Note 5 – Short Sales Calamos Global Dynamic Income Fund and Calamos Long/Short Equity & Dynamic Income Trust may sell securities short. Securities sold short represent obligations to deliver the securities at a future date. Each Fund may sell a security it does not own in anticipation of a decline in the value of that security before the delivery date. When a Fund sells a security short, it must borrow the security sold short and deliver it to the broker-dealer through which it made the short sale. Dividends paid on securities sold short are disclosed as an expense on the Statements of Operations. A gain, limited to the price at which a Fund sold the security short, or a loss, unlimited in size, will be realized upon the termination of a short sale. To secure its obligation to deliver to the broker-dealer the securities sold short, a Fund must segregate an amount of cash or liquid securities with its custodian equal to any excess of the current market value of the securities sold short over any cash or liquid securities deposited as collateral with the broker in connection with the short sale (not including the proceeds of the short sale). As a result of that requirement, a Fund will not gain any leverage merely by selling short, except to the extent that it earns interest or other income or gains on the segregated cash or liquid securities while also being subject to the possibility of gain or loss from the securities sold short. Note 6 – Derivative Instruments