Company: CHY
Filing Date: 2025-02-24
Form Type: 424B5
Source: 0001104659-25-016491
Chunk: 161

Company: CALAMOS CONVERTIBLE & HIGH INCOME FUND
Filing Date: 2025-02-24
Form: 424B5
Chunk 161
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 terms are expected to include the following:

| ● | the form and title of the security; |

| ● | the aggregate principal amount of the securities; |

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| ● | the interest rate of the securities; |

| ● | the maturity dates on which the principal of the securities will be payable; |

| ● | any changes to or additional events of default or covenants; |

| ● | any optional or mandatory redemption provisions; |

| ● | identities of, and any changes in trustees, paying agents or security registrar; and |

| ● | any other terms of the securities. |

Interest.Unless otherwise stated in a prospectus supplement, debt securities will bear interest as generally determined by the Board of Trustees, as more fully described in the related prospectus supplement. Interest on debt securities shall be payable when due as described in the related prospectus supplement. If we do not pay interest when due, it will trigger an event of default and we will be restricted from declaring dividends and making other distributions with respect to our common shares and preferred shares. Limitations.Under the requirements of the 1940 Act, immediately after issuing any senior securities representing indebtedness, we must have an asset coverage of at least 300%. Asset coverage means the ratio which the value of our total assets, less all liabilities and indebtedness not represented by senior securities, bears to the aggregate amount of senior securities representing indebtedness. Other types of borrowings also may result in our being subject to similar covenants in credit agreements. Events of Default and Acceleration of Maturity of Debt Securities; Remedies.Unless stated otherwise in the related prospectus supplement, any one of the following events are expected to constitute an “event of default” for that series under the indenture:

| ● | default in the payment of any interest upon a series of debt securities when it becomes due and payable and the continuance of 
 such default for 30 days;                                                                                                      |

| ● | default in the payment of the principal of, or premium on, a series of debt securities at its stated maturity; |

| ● | default in the performance, or breach, of any covenant or warranty of ours in the indenture, and continuance of such default 
 or breach for a period of 90 days after written notice has been given to us by the trustee;                                  |

| ● | certain voluntary or involuntary proceedings involving us and relating to bankruptcy, insolvency or other similar laws; |

| ● | if, on the last business day of each of twenty