NEW YORK - (Business Wire) The $50 million aggregate principal amount of auction rate preferred shares (ARPS) issued by Calamos Global Dynamic Income Fund (NYSE:CHW), a closed-end fund managed by Calamos Investment Management, Inc., are paid in full following the full redemption of outstanding shares: --T - 400 shares, rated 'AAA' by Fitch, redeemed on Oct. 21, 2009;
--W - 400 shares, rated 'AAA' by Fitch, redeemed on Oct. 22, 2009;
--TH - 400 shares, rated 'AAA' by Fitch, redeemed on Oct. 23, 2009;
--F - 400 shares, rated 'AAA' by Fitch, redeemed on Oct. 26, 2009;
--M - 400 shares, rated 'AAA' by Fitch, redeemed on Oct. 27, 2009.
The redemption of outstanding ARPS took place as part of a refinancing of the fund's leverage.
Additional information is available at www.fitchratings.com.
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Fitch Ratings, New York
Ian Rasmussen, +1-212-908-0232
Yuriy Layvand, CPA, +1-212-908-9191
or
Brian Bertsch, +1-212-908-0549 (Media Relations)
brian.bertsch@fitchratings.com
