Attached files
file | filename |
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8-K - FORM 8-K - Calamos Asset Management, Inc. /DE/ | c59901e8vk.htm |
Exhibit 99.1
2020 Calamos Court | ||
Naperville, IL 60563-2787 | ||
www.calamos.com | ||
News Release |
FOR IMMEDIATE RELEASE
Contact:
Jennifer McGuffin, Public Relations Manager
Calamos Advisors LLC
Direct: 630.245.1780
Cell: 630.328.3566
Fax: 630.245.6840
Jennifer McGuffin, Public Relations Manager
Calamos Advisors LLC
Direct: 630.245.1780
Cell: 630.328.3566
Fax: 630.245.6840
jmcguffin@calamos.com
Calamos Investments Statement on ARPS Lawsuit for Convertible and High Income Fund (NYSE: CHY)
Naperville, Illinois, August 16, 2010 Calamos Investments announced that a law firm has
filed a putative class action lawsuit purportedly filed on behalf of an asserted class of common
shareholders of Calamos Convertible and High Income Fund (NYSE:CHY), alleging breach of fiduciary
duty, aiding and abetting breach of fiduciary duty and unjust enrichment in connection with the
redemption of auction rate preferred securities by CHY following the collapse of auction markets in
February 2008. The named defendants include CHY itself, the current and former trustees of CHY,
Calamos Advisors LLC and Calamos Asset Management, Inc. Calamos Advisors and Calamos Asset
Management believe that the lawsuit is without merit and intend to defend themselves vigorously
against these charges.
About Calamos
Calamos Investments is a globally diversified investment firm offering equity, fixed-income,
convertible and alternative investment strategies, among others. The firm serves institutions and
individuals around the world via separately managed accounts and a family of open-end and closed-
end funds, providing a risk-managed approach to capital appreciation and income-producing
strategies. For more information, visit www.calamos.com.
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