CCD to Redeem All $28M Series D Preferred Shares on August 24
CCD sits 28% above its 52-week low of $19.985.
Summary
CCD will redeem all 1.12 million Series D preferred shares ($28M) on August 24, 2026, removing a senior layer of capital and its dividend burden.
Key Events · Financing and Capital Events · CCD
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Full Preferred Redemption
CCD will redeem 100% of its 1,120,000 Series D Mandatory Redeemable Preferred Shares at $25.00 per share, totaling $28 million, on August 24, 2026.
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Capital Structure Simplification
The redemption eliminates a senior security, reducing leverage and ongoing preferred dividend costs, which may be modestly accretive to common shareholders.
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Financial Flexibility Signal
Executing a full redemption while the stock trades near its 52-week high suggests ample liquidity and confidence in the fund's cash position.
Analysis · CCD · Unknown
Calamos Dynamic Convertible & Income Fund (CCD) is redeeming all 1.12 million Series D Mandatory Redeemable Preferred Shares at their $25.00 liquidation preference, a $28 million capital action. This eliminates a senior security layer, simplifying the capital structure and removing the associated dividend obligation. For a closed-end fund trading near its 52-week high, the redemption signals financial flexibility and may be modestly accretive to common shareholders by reducing leverage costs, though it also uses cash that could otherwise support the distribution.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CCD was trading at $25.50 on NASDAQ in the Unknown sector, with a market capitalization of approximately $711.3M. The 52-week trading range was $19.99 to $26.10. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.