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Calamos Convertible Opportunities and Income Fund (CHI)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD

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Visitors trend2W10W9M

10.95

+0.10

(+0.92%)

At close: 04:00PM EDT

10.80

-0.15

(-1.37%)

After hours:

07:43PM EDT

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J
CRYPTO AND FOREX TRADE IS MOST PROFITABLE INVESTMENT ONLINE IF ONLY YOU TRADE WITH A GOOD BROKER OR PROFESSIONAL TRADER ..I TRADE WITH MRS MELISSA VALDEZ AND ITS BEEN THE BEST DECISION EVER
k
I have failed over and over again in my life. And that is why I succeed. http://dataunion.tistory.com/10388 The reputation of a thousand years may be determined
D
WINNER, winner,.. Chicken Dinner on, CHI ,.. as, Finally turning,.. UP-Wards !
Gotta LOVE,. the Div's !
Bullish
A
Take 2. I can't imagine why Yahoo would kill my post here... In the 1st week of April, 2019, I bought my 1st positions of CHI, at $10.20, 10.24, and 10.31 . All at roughly a 4.4% Discount to NAV. To fund this, I sold some of my long term holdings of PIMCO's PTY, and FPL. I did this after PIMCO had slashed the distributions on several of their funds, but not mine. The funds slashed, had NAV's in the nosebleed territory of 50% under their price. PTY has a still high altitude ratios of 20% of price/NAV. I know CHI was slashed last fall, but it seems solid now. Good luck to my fellow longs here !
D
They CUT THE DIVIDEND! There is no news, and a big drop? I'm pretty tolerant about a lot of things, with my investments, but a dividend cut is a HUGE red flag on the grid iron. I just sold all of my CHI shares,and I may sell my other Calamos funds too.
D
Sure looks like some insider news today that us mere mortals are not privy to is going on.
S
19% Dividend Raise!!
S
Top holdings for CHI:

Tesla, Inc. Convertible Bonds 6.1%
Microchip Technology, Inc. Convertible Bonds 1.8%
Splunk, Inc. Convertible Bonds 1.6%
Broadcom, Inc. DECS,ACES,PRIDES 1.4%
Royal Caribbean Cruises, Ltd. Convertible Bonds 1.4%
Southwest Airlines Company Convertible Bonds 1.4%
Insulet Corp. Convertible Bonds 1.3%
Square, Inc. Convertible Bonds 1.2%
Inphi Corp. Convertible Bonds 1.2%
Workday, Inc. Convertible Bonds 1.2%
Total 18.7%
R
A 10% drop, did we get a LT capitol gain? How can this be? Bad news
R
Guys, I notice CHI in September 2017 privately placed a large issue of preferred shares which get paid before common shares.
I could find no details of who bought the preferred shares, what price they paid ect. Preferred share issuance can be a negative affect on shares here if earnings get slim. Not many followers here, but can David or anyone comment on this ?
I was getting ready to buy a large position here, but hesitate until I learn more about the CHI preferred placement.
J
Why is this happening? No news and a drop like this?
R
Okay, I found this news release which better explains the issuance of three new preferred share series for a total of $100M for which CHI will pay monthly dividends. The $100,000,000 is to be available for leverage. As borrowed money, instead of capitalized money, this puts a monthly cost burden on CHI earnings, if leverage income does not exceed this added cost. The three preferred series shall be redeemable in 3, 5 and 10 years. The outcome of this BOD move adds #$%$ shoot risk into the unknown future. I will continue to look at other closed end funds that might bode less risk. CHI has a complex investment strategy and is multi-faceted. I will put CHI on my NAV and share watch list and may pick up some on share weakness. A price drop of 30 cents is tax free over getting 30 cents dividends. I like non-taxable benefits. http://www.calamos.com/-/media/documents/News-Releases/2017/09-06-17-MRPSpressreleaseFINAL.pdf?
D
Anyone know why the February dividend announcement is late? Ron, thanks for the info on the stock issuance, does give one pause. I guess I'll hang in a little longer as I don't see many alternatives of late.
Y
CHI is down -5.26% to 10.45
Y
CHI reached a 52 Week low at $8.17
Y
CHI reached a new 52 Week Low at 10.25
Y
CHI reached a new 52 Week Low at $9.68
D
Looks like we are coming back up in price...volume up today1/4/17...not sure how corporate bonds will react on increased interest rates....
D
Are we in for good news or bad since the dvidend announcement is nonexistent at this late date?
B
NEEDS TO DROP 5% HERE, BEFORE I WOULD BUY @ MSRP PRICE