Calamos Convertible and High Income Fund (CHY) Stock

The Calamos Convertible & High Income Fund offers a 10.45% yield, providing retirees with a stable income and reducing the need for frequent stock sales. Despite a lower yield compared to peers, the fund's historical performance has outpaced them, making it a strong choice for preserving investment principal. The fund's portfolio is heavily weighted towards convertible securities, offering potential capital appreciation, especially given current market conditions favoring convertibles over traditional bonds.

The Calamos Convertible & High Income Fund offers income-focused investors the opportunity to receive high income without sacrificing equity upside potential. The fund currently boasts a 10.77% yield, which is attractive compared to other fixed-income closed-end funds. The fund's performance has been disappointing in the past six months, underperforming benchmark indices, but its track record over the past five years has been strong.

CHY: A Convertible Fund With Strong Track Record, Double-Digit Premium

The Calamos Convertible & High Income Fund offers a 10.10% distribution yield, making it an attractive option for income-focused investors. The CHY closed-end fund provides exposure to convertible securities, allowing investors to potentially benefit from stock appreciation. The CHY fund's performance has been positive, with shares up 6.64% since the last article, although slightly lagging behind the S&P 500 Index.

The Calamos Convertible & High Income Fund offers a high level of current income with a 10.69% yield without sacrificing upside potential, making it attractive for retirees. The fund has performed well compared to the S&P 500 Index recently and has a portfolio weighted towards convertible bonds. The fund employs leverage to boost returns, but its high level of debt and recent decline in net asset value raise concerns.