Company Press Release

Calamos Investments Adds to Fixed Income/High Yield Expertise

NAPERVILLE, Ill., Aug. 16, 2013 -- Calamos Investments®*, a global investment management firm, announced the addition of two co-portfolio managers to its investment team. Jeremy Hughes, CFA, and Chris Langs, CFA, have joined Calamos with more than 40 years of collective investment experience. Most recently, Messrs. Hughes and Langs worked together at Aviva Investors overseeing high yield assets. At Calamos, the pair will contribute their expertise to managing the firm's fixed income/high yield strategies, including the Calamos High Income Fund. Like all Calamos strategies, the firm's fixed income/high yield portfolios are managed within a team-driven structure. 

"We are pleased to welcome Jeremy and Chris to our investment team. Throughout the firm's history, we have sought to expand our investment capabilities both through cultivating internal expertise as well as by hiring experienced professionals," stated John P. Calamos, Sr., CEO and Global Co-Chief Investment Officer. He continued, "A team approach benefits our clients by ensuring continuity of process and philosophy. Each team has specialized responsibilities—in this case, fixed income/high yield—but all teams draw upon each other's insights and research. This balance of specialization and collaboration gives us an edge in identifying opportunities in the fixed income/high yield market."

Gary Black, Global Co-Chief Investment Officer, added, "We see significant opportunities for U.S. and global fixed income/high yield strategies. The complexities of the global markets—including those associated with a changing interest rate landscape—demand a strong fundamental approach and a high degree of specialization. Jeremy and Chris will be instrumental in enhancing our long-standing fixed income/high yield capabilities."

The addition of Messrs. Hughes and Langs to enhance management of the firm's fixed income/high yield strategies continues a measured and strategic expansion of the Calamos investment team, including the addition of a Value Equity Team and a Long/Short Team in 2012, as well as numerous additional hires at all levels of the investment organization.

For more information on Calamos' fixed income/high yield strategies, please visitwww.calamos.com/highincome and www.calamos.com/FundInvestor/closedendfunds.

About Calamos

?Calamos Investments is a diversified global investment firm offering innovative investment strategies including equity, fixed income, convertible and alternative investments, among others. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in London and New York. *Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos Financial Services LLC.


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