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

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

Calamos Global Dynamic Income Fund (CHW) opened at $9.10 on Thursday. Calamos Global Dynamic Income Fund has a 12-month low of $6.93 and a 12-month 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 given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.84 dividend on an annualized basis and a yield of 9.23%.

A number of large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its position in Calamos Global Dynamic Income Fund by 4.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 942,951 shares of the investment management company’s stock valued at $8,524,000 after purchasing an additional 39,064 shares during the period. Commonwealth Equity Services Inc boosted its position in Calamos Global Dynamic Income Fund by 32.5% during the 3rd quarter. Commonwealth Equity Services Inc now owns 384,375 shares of the investment management company’s stock valued at $3,474,000 after purchasing an additional 94,183 shares during the period. Jacobus Wealth Management Inc. boosted its position in Calamos Global Dynamic Income Fund by 38.7% during the 3rd quarter. Jacobus Wealth Management Inc. now owns 174,357 shares of the investment management company’s stock valued at $1,576,000 after purchasing an additional 48,610 shares during the period. Advisor Group Inc. boosted its position in Calamos Global Dynamic Income Fund by 80.6% during the 3rd quarter. Advisor Group Inc. now owns 136,631 shares of the investment management company’s stock valued at $1,236,000 after purchasing an additional 60,976 shares during the period. Finally, National Asset Management Inc. boosted its position in Calamos Global Dynamic Income Fund by 8.5% during the 2nd quarter. National Asset Management Inc. now owns 78,800 shares of the investment management company’s stock valued at $673,000 after purchasing an additional 6,200 shares during the period.

Calamos Global Dynamic Income Fund Company Profile

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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