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Calamos Convertible & High Income Fund offers 9.35% yield with inflation protection and diversification.

Market News
12 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

The Calamos Convertible & High Income Fund (CHY) provides a 9.35% yield by investing mainly in convertible bonds (69.09%) and high-yield corporate bonds. This mix offers investors both income and potential capital appreciation while protecting against inflation and reducing exposure to major tech stocks. CHY consistently covers its monthly distributions through realized gains and leverage, maintaining a reliable payout. Currently trading at a 1.81% discount to its net asset value, CHY's valuation is attractive compared to its historical averages and peers, making it a compelling option for income-focused investors.

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