Company: CHY
Filing Date: 2025-02-21
Form Type: N-2ASR
Source: 0001104659-25-016081
Chunk: 68

Company: CALAMOS CONVERTIBLE & HIGH INCOME FUND
Filing Date: 2025-02-21
Form: N-2ASR
Chunk 68
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 per annum (the “Applicable Rate”) for each series of MRP Shares is as follows:

| MRP Shares          |     | Applicable 
 Rate       |      |   |
| Series C MRP Shares |     |            | 4.24 | % |
| Series D MRP Shares |     |            | 2.45 | % |
| Series E MRP Shares |     |            | 2.68 | % |
| Series G MRP Shares |     |            | 6.24 | % |

The MRP Shares have a 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. During the year ended October 31, 2024, all MRP Shares were rated ‘AA-’ by Kroll Bond Rating Agency LLC (“KBRA”).If the ratings of the MRP Shares are downgraded, the Fund’s dividend expense may increase, as described below. Liquidation Preference.In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Fund, the MRP Shareholders will be entitled to receive a preferential liquidating distribution equal to $25.00 per MRP Share plus accrued and unpaid dividends, after satisfaction of claims of creditors of the Fund, but before any distribution of assets is made to common shareholders. MRP Shares Dividends.If, on the first day of the monthly dividend period immediately preceding a Dividend Payment Date (each such period a “Dividend Period”), Series C MRP Shares, Series D MRP Shares, Series E MRP Shares or Series G MRP Shares are rated no less than “A” by KBRA (and no less than the equivalent of such rating by some other NRSRO, if any, other than KBRA, such as Fitch Ratings, Inc. (“Fitch”), providing a rating for the MRP Shares pursuant to the request of the Fund), then the dividend rate for such period (the “Dividend Rate”) will be equal to the Applicable Rate for such series. If, on the first day of a Dividend Period, the credit rating assigned on any date to the MRP Shares are rated lower than the equivalent “A” by KBRA (or lower than the equivalent of such rating by any Other Rating Agency),