Calamos Launches Long/Short Mutual Fund

Product continues Calamos leadership in Alternatives Asset Class

PR Newswire

NAPERVILLE, Ill., June 3, 2013 /PRNewswire/ -- Calamos Investments®* announces the launch of the Calamos Long/Short Fund (A Shares: CALSX; C Shares: CCLSX; I Shares: CILSX; R Shares: CRLSX) as of June 2, 2013. Fund details, including a video featuring commentary by Brendan Maher, Senior Vice President and Co-Portfolio Manager of the Calamos Long/Short Fund, are available at www.calamos.com/longshort.

The Calamos Long/Short Fund seeks to achieve its investment objective of long-term capital appreciation primarily by taking long and short positions in equity securities of large and mid-cap U.S. companies. The Calamos Long/Short Fund seeks to provide equity-like returns with the potential for lower volatility versus long-only funds through active stock selection and by adjusting market exposures within its portfolio, generally maintaining a net long exposure.

"The Calamos Long/Short Mutual Fund continues the firm's leadership in the alternatives asset class. From our pioneering role in convertible securities in the 1970s to the 1990 launch of one of the first liquid alternative mutual funds, the Calamos Market Neutral Income Fund, Calamos Investments has embraced liquid alternatives solutions and the benefits they provide to a client's asset allocation. The addition of our long/short team last summer and the launch of this product demonstrate our commitment to the alternatives space and to the continued measured expansion of the Calamos Investment Team and product platform," stated John P. Calamos, Sr., Chief Executive Officer and Global Co-Chief Investment Officer of Calamos Investments.

Please visit www.calamos.com/longshort for complete fund details and investment information.

About Calamos
Calamos Investments is a diversified global investment firm offering innovative investment strategies including equity, fixed income, convertible and alternative investments, among others. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals. Headquartered in the Chicago metropolitan area, the firm also has offices in London and New York.

For more information, please visit www.calamos.com.

*Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos Financial Services LLC.

Important Risk Information
An investment in the fund is sub­ject to risks, and you could lose money on your investment in the fund. There can be no assurance that the fund will achieve its investment objective. Your investment in the fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the fund can increase during times of significant market volatility. The fund also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the fund's prospectus.

Some of the risks associated with investing in alternatives may include hedging risk, derivative risk, short sale risk, interest rate risk, credit risk, liquidity risk, non-U.S. government obligation risk and portfolio selection risk. Alternative investments may not be suitable for all investors.

The principal risks of investing in the Calamos Long/Short Fund include: equities securities risk, short sale risk, options risk, portfolio selection risk, liquidity risk, convertible securities risk, synthetic convertible instruments risk, leveraging risk, portfolio turnover risk, foreign securities risk, growth stock risk, small and mid-sized company risk, emerging markets risk, derivative risks, futures and forward contracts risk, interest rate risk, credit risk, and cash holdings risk.

The principal risks of investing in the Calamos Market Neutral Income Fund include: convertible securities risk, synthetic convertible instruments risk, convertible hedging risk, covered call writing risk, options risk, short sale risk, interest rate risk, credit risk, high yield risk, liquidity risk, non-U.S. government obligation risk and portfolio selection risk.

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus containing this and other information or call 1-800-582-6959. Read it carefully.

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