Calamos Global Dynamic Income Fund’s (CHW) Buy Rating Reiterated at Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of Calamos Global Dynamic Income Fund (NASDAQ:CHW) in a research report released on Thursday. Canaccord Genuity currently has a $14.50 price objective on the investment management company’s stock.

Calamos Global Dynamic Income Fund (CHW) traded down $0.03 during midday trading on Thursday, reaching $9.10. 186,600 shares of the company were exchanged, compared to its average volume of 281,450. Calamos Global Dynamic Income Fund has a 1-year low of $6.93 and a 1-year high of $9.35.

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The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, November 10th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.84 dividend on an annualized basis and a yield of 9.23%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in Calamos Global Dynamic Income Fund by 4.3% during the third quarter. Advisors Asset Management Inc. now owns 942,951 shares of the investment management company’s stock worth $8,524,000 after buying an additional 39,064 shares during the last quarter. Sigma Planning Corp increased its holdings in Calamos Global Dynamic Income Fund by 64.3% during the third quarter. Sigma Planning Corp now owns 25,480 shares of the investment management company’s stock worth $230,000 after buying an additional 9,975 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Calamos Global Dynamic Income Fund by 80.6% in the third quarter. Advisor Group Inc. now owns 136,631 shares of the investment management company’s stock worth $1,236,000 after purchasing an additional 60,976 shares in the last quarter. Jacobus Wealth Management Inc. increased its stake in shares of Calamos Global Dynamic Income Fund by 38.7% in the third quarter. Jacobus Wealth Management Inc. now owns 174,357 shares of the investment management company’s stock worth $1,576,000 after purchasing an additional 48,610 shares in the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in shares of Calamos Global Dynamic Income Fund in the third quarter worth about $112,000.

About Calamos Global Dynamic Income Fund

Calamos Global Dynamic Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment strategy is to generate a high level of current income with a secondary objective of capital appreciation. The Fund, under normal circumstances, will invest at least 40% of its managed assets in securities of foreign issuers in developed and emerging markets, including debt and equity securities of corporate issuers, and debt securities of government issuers.

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