Calamos Convertible Opportunities And Income Fund Reports Q4 2025 Results

Fund sees 2.03% NAV return amid record US convertible issuance

Mar. 12, 2026 at 12:25am by Ben Kaplan

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Calamos Investments, a diversified global investment firm, has reported a 2.03% net asset value (NAV) return for its Calamos Convertible Opportunities And Income Fund (CHI) in the fourth quarter of 2025. The strong performance came amid record levels of US convertible bond issuance during the period.

Why it matters

Calamos Investments is a major player in the convertible securities market, and the performance of its flagship convertible fund is closely watched by investors. The firm's ability to navigate the record convertible issuance environment and deliver solid returns is a positive sign for the overall health of the convertible bond market.

The details

The Calamos Convertible Opportunities And Income Fund (CHI) reported a 2.03% net asset value (NAV) return for the fourth quarter of 2025. This outperformance came during a period of record US convertible bond issuance, as companies took advantage of favorable market conditions to raise capital through convertible debt offerings.

  • The Q4 2025 results were reported on March 12, 2026.

The players

Calamos Investments

A diversified global investment firm offering innovative investment strategies including U.S. growth equity, global equity, convertible, multi-asset and alternatives.

Calamos Convertible Opportunities And Income Fund (CHI)

A closed-end fund managed by Calamos Investments that invests in convertible securities.

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The takeaway

The strong performance of the Calamos Convertible Opportunities And Income Fund during a period of record US convertible issuance demonstrates the firm's expertise in navigating the convertible securities market and delivering solid returns for investors.