Company: CHY
Filing Date: 2025-02-21
Form Type: N-2ASR
Source: 0001104659-25-016081
Chunk: 72

Company: CALAMOS CONVERTIBLE & HIGH INCOME FUND
Filing Date: 2025-02-21
Form: N-2ASR
Chunk 72
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RP Shareholders have certain additional customary voting rights pursuant to the MRP Shares governing documents and the 1940 Act. The summary information regarding the MRP Shares contained herein is qualified in its entirety by reference to the Statement of Preferences and other documents related to the terms and conditions and the offering of the MRP Shares. 39 Effects of Leverage The SSB Agreement provides for credit availability for the Fund, such that it may borrow up to $480 million. As of January 31, 2025 the Fund had utilized $341 million of the $480 million available under the SSB Agreement ($276 million in advances outstanding, and $65 million in structural leverage consisting of collateral received from counterparties via SSB in connection with securities on loan), representing 25.6% of the Fund’s managed assets as of that date, and had $145 million of MRP Shares outstanding, representing 10.9% of the Fund’s managed assets. Combined, the borrowings under the SSB Agreement and the outstanding MRP Shares represented 36.5% of the Fund’s managed assets. Interest on the SSB Agreement is charged on the drawn amount at the rate of the Overnight Bank Financing Rate (OBFR) plus 0.52%, payable monthly in arrears. Interest on overdue amounts or interest on the drawn amount paid during an event of default will be charged at OBFR plus 2.52%. These rates represent floating rates of interest that may change over time. The SSB Agreement also provides that if the Fund restricts SSB’s ability to lend securities to multiple otherwise eligible counterparties that, on a historical basis, have accounted for more than 25% up to 50% of the Fund’s historical securities lending transactions, the borrowing cost under the SSB Agreement will increase by .25% per annum, and that if the Fund restricts SSB’s ability to lend securities to multiple otherwise eligible counterparties that, on a historical basis, have accounted for more than 50% of the Fund’s historical securities lending transactions, the borrowing cost under the SSB Agreement will increase by 0.45% per annum, Further, if the Fund restricts securities comprising more than 5% of its total assets from being available to lend for purposes of the securities lending program (excluding certain categories of ordinary course restrictions or as otherwise agreed by SSB), the costs of leverage to the Fund will be increased by 0.20% per annum. The SSB Agreement has a commitment fee of 0.10