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Posted by
Two Blokes Jun 19 -
Filed in
Stock
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Calamos Convertible Opportunities and Income Fund offers a high 11.3% yield and monthly income, but recent price declines and NAV stagnation temper enthusiasm. The fund's heavy exposure to below-investment-grade and unrated debt, plus aggressive leverage, increases risk in a high-rate environment. CHI trades at a premium to NAV, making its valuation less attractive until interest rate cuts materialize or market conditions improve.
