CCD CEF — Calamos Dynamic Convertible and Income Fund

Calamos Dynamic Convertible and Income Fund (CCD)

Updated October 16, 2026.

CCD is a CEF. its distribution rate is 10.57%, its trailing-12-month yield is 10.57%, its expense ratio is 1.8156%. Dividend Vision Distribution Safety Score™ is 87/100 (Safe). Total return is 176.2% over the past 11.6 years, 172.0 points behind SPY at 348.2%.

Calamos Dynamic Convertible and Income Fund is an actively managed closed-end fund. Seek total return from convertible and high-yield debt securities, balancing capital growth with income and allocating at least 50% to convertibles. It pays distributions monthly.

CCD performance versus SPY

Price and return data through 2026-10-16.

Total return is 176.2% over the past 11.6 years, 172.0 points behind SPY at 348.2%. Over the past year its total return — price change plus distributions reinvested — is 13.3%. Its deepest 1-year drawdown was 14.5%.

CCD key facts

Distribution Safety Score™

87 · Safe

Safety-Adjusted Yield

9.20%

Issuer

Calamos Investments

Asset type

CEF

Asset class

Fixed Income

Inception date

03/27/2015

Expense ratio

1.8156%

Distribution rate

10.57%

Distribution frequency

Monthly

Trailing yield

10.57%

5-year average yield

10.2

Last close

$22.13 (as of 2026-10-16)

NAV

$23.73 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-16, NAV 2026-09-30) (NAV stale)

Market cap

$657,963,648

Average volume

95596.0

Dividend

$0.195

Ex-dividend date

10/14/2026

Payment date

10/21/2026

Beta

1.1583

AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (10.57%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (10.57%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Calamos Investments or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

CCD risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 14.5%.

Who may consider CCD — and who may not

CCD may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on CCD

• All tickers starting with C

Tagged: CEF, Active, Fixed Income, Growth & Income.

Frequently asked questions

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