Company: CHY
Filing Date: 2025-06-27
Form Type: N-CSRS
Source: 0001104659-25-063497
Chunk: 28

Company: CALAMOS CONVERTIBLE & HIGH INCOME FUND
Filing Date: 2025-06-27
Form: N-CSRS
Chunk 28
---
/Short Equity & Dynamic Income Trust  |     |               |   306,727,499 |     |                  |    16,015,049 |     |                  | (46,116,420  | ) |     |                | (30,101,371 | ) |

* Because tax adjustments are calculated annually, the above table does not reflect tax adjustments. For the previous fiscal year's federal income tax information, please refer to the Notes to Financial Statements section in the Funds' most recent annual report.

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

Each Fund intends to make monthly distributions from its income available for distribution, which consists of each Fund's dividends and interest income after payment of Fund expenses, and net realized gains on investments. At least annually, each Fund intends to distribute all or substantially all of its net realized capital gains, if any. Distributions are recorded on the ex-dividend date. Each Fund distinguishes between distributions on a tax basis and a financial reporting basis. U.S. GAAP requires that only distributions in excess of tax basis earnings and profits be reported in the financial statements as a return of capital. Permanent differences between book and tax accounting relating to distributions are reclassified to paid-in-capital. For tax purposes, distributions from short-term capital gains are considered to be from ordinary income. Distributions in any year may include a return of capital component. The tax character of distributions for the period ended April 30, 2025 will be determined at the end of each Fund's current fiscal year. Distributions during the fiscal period ended October 31, 2024 were characterized for federal income tax purposes as follows:

|                                           |     | YEAR ENDED       
 OCTOBER 31, 2024 |            |     |              |             |     |           |            |
|:------------------------------------------|:----|:-----------------|-----------:|:----|:-------------|------------:|:----|:----------|-----------:|
| FUND                                      |     | ORDINARY         
 INCOME           |            |     | LONG-TERM    
 CAPITAL GAIN |             |     | RETURN OF 
 CAPITAL   |            |
| Convertible Opportunities and Income Fund |     | $                | 31,007,658 |     | $            |  21,122,266 |     | $         | 38,135,660 |
| Convertible and High Income Fund          |     |                  |