Company: CPZ
Filing Date: 2025-06-27
Form Type: N-CSRS
Source: 0001104659-25-063509
Chunk: 40

Company: Calamos Long/Short Equity & Dynamic Income Trust
Filing Date: 2025-06-27
Form: N-CSRS
Chunk 40
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 has redeemed the full number of MRPS required to be redeemed by any provision for mandatory redemption contained in Section 3(a) or deposited sufficient monies with the Paying Agent for that purpose (without regard to the

CALAMOS CLOSED-END FAMILY OF FUNDS SEMIANNUAL REPORT
148 Notes to Financial Statements (Unaudited)

provisions of the Special Proviso); provided that the Fund may make any distributions reasonably necessary for the Fund to continue to qualify as a "regulated investment company" under Subchapter M of the Internal Revenue Code and to avoid excise tax under Section 4982 of the Internal Revenue Code ("Tax Required Payments"). For the avoidance of doubt, any such Tax Required Payments would only be paid to holders of Common Shares after full cumulative dividends due on or prior to the date of the applicable distribution and any mandatory redemptions occurring on or prior to the date of the applicable distribution have been paid to the holders of MRPS. Except as otherwise required pursuant to the Funds' governing documents or applicable law, the holders of the MRPS have one vote per share and vote together with the holders of common stock of the Funds as a single class except on matters affecting only the holders of MRPS or the holders of common stock. Pursuant to the 1940 Act, holders of the MRPS have the right to elect at least two trustees of a Fund, voting separately as a class. Except during any time when a Fund has failed to make a dividend or redemption payment in respect of MRPS outstanding, the holders of MRPS have agreed to vote in accordance with the recommendation of the Board on any matter submitted to them for their vote or to the vote of shareholders of a Fund generally.

Note 9 – Common Shares Each Fund has unlimited common shares of beneficial interest authorized at April 30, 2025. Transactions in common shares for each fund at April 30, 2025 were as follows:

|                                                     | CONVERTIBLE OPPORTUNITIES AND INCOME FUND |     | SIX MONTHS ENDED 
   APRIL 30, 2025 |     |     |       YEAR ENDED 
 OCTOBER 31, 2024 |
|:----------------------------------------------------|:------------------------------------------|:----|-----------------:|:----|:----|-----------------:|
| Beginning shares                                    |                                           |     |       75,582,242 |     |     |       74,818,167 |
| Shares sold                                         |                                           |     |        1,656,285