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Calamos Launches Dividend Growth Fund

NAPERVILLE, Ill., Aug. 5, 2013 /PRNewswire/ -- Calamos Investments ®* today announced the launch of the Calamos Dividend Growth Fund (A Shares: CADVX; C Shares: CCDVX; I Shares: CIDVX; R Shares: CRDVX) as of August 5, 2013. The fund will be available for U.S. investors. Fund details are available at www.calamos.com/dividendgrowth.

"The Calamos Dividend Growth Fund is intended to address investors' desire for income and is a measured extension of our existing investment capabilities," said John Calamos, Sr., Chief Executive Officer and Global Co-Chief Investment Officer of Calamos Investments.

The fund will be managed by the Calamos Value Team, led by Jeff Miller, Senior Vice President and Co-Portfolio Manager. The team joined Calamos in July of 2012, at which time they assumed management of the Calamos Value Fund.

"The Calamos Value Team has a long history of investing in the strong dividend paying sectors of the U.S. stock market, particularly in financial, consumer, and energy-related securities. In addition, our team members' backgrounds in levered loans, loan workouts and preferred securities provides us with a unique mix of balance sheet and income-focused expertise. By combining our focus on strong operating businesses that have the potential to increase dividends over time with our use of income-enhancing options and trading strategies, we intend for the fund to provide investors with a steady stream of income, capital appreciation and lower volatility relative to its benchmark over the long term," said Miller.

The investment objective of the Calamos Dividend Growth Fund is to seek income and capital appreciation primarily through dividend-paying equities. The fund, under normal market conditions, invests at least 80 percent of its net assets in dividend-paying common and preferred stocks and interest or units in Master Limited Partnerships (MLPs). Companies in certain economic sectors of the market have historically provided higher dividend yields than companies in other sectors and industries. As a result, given the fund's focus on dividend-paying securities, the fund may, from time to time, have a greater exposure to these higher dividend yield sectors and industries than the broader equity market. The fund may invest up to 25 percent of its net assets in non-U.S. securities.

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