Launched as one of the largest closed-end fund IPOs, the Calamos Strategic Total Return Fund seeks total return through both income and capital appreciation by dynamically allocating to equities, high-yield bonds, and convertible securities. Paying monthly dividends, the Fund's most recent distribution of $0.0975 per share on March 16, 2006 equated to an annualized yield of 8.32%, based on that day's closing market price of $14.06.
Commenting on this new listing, Bruce Aust, Executive Vice President of NASDAQ's Corporate Client Group, says, "We are delighted Calamos Investments has dual listed a closed-end fund on NASDAQ. Closed-end funds trade extremely efficiently on NASDAQ and this development underscores our commitment to continue to meet the evolving needs of investors."
John P. Calamos, Sr., Chief Executive Officer and Chief Investment Officer of Calamos Investments, added, "We believe that the Calamos Strategic Total Return Fund's shareholders and potential new investors stand to benefit from the Fund's dual listing on NASDAQ. We are pleased for this opportunity as we remain deeply committed to serving our shareholders."
About CALAMOS
Calamos Investments provides investment advisory services to institutions and individuals seeking superior risk-adjusted returns over the long term. With roots dating back to 1977, the company applies its proprietary investment process across an expanding range of investment strategies within the equity, global/international, balanced, high yield, convertible and alternative investment classes. Calamos Investments is listed on the Nasdaq Stock Market and trades under the symbol "CLMS." For more information, please visit http://www.calamos.com.
About NASDAQ
NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.