Published:
Fitch: Calamos Strategic Total Return Fund Auction-Rate Preferred Securities Paid in Full
NEW YORK - (BUSINESS WIRE) - The $200 million aggregate principal amount of auction-rate preferred
shares (ARPS) issued by Calamos Strategic Total Return Fund (NYSE:CSQ),
a closed-end fund managed by Calamos Investment Management, Inc., are
paid in full following the full redemption of outstanding shares:
--M - 1,304 shares, rated 'AAA', redeemed on June 23, 2009;
--TU - 1,304 shares, rated 'AAA', redeemed on June 24, 2009;
--W - 1,304 shares, rated 'AAA', redeemed on June 25, 2009;
--TH - 1,304 shares, rated 'AAA', redeemed on June 26,2009;
--F - 1,304 shares, rated 'AAA', redeemed on June 29, 2009;
--A - 740 shares, rated 'AAA', redeemed on June 25, 2009;
--B - 740 shares, rated 'AAA', redeemed on June 26, 2009.
The redemption of outstanding ARPS took place as part of a refinancing
of the fund's leverage.
Fitch's rating definitions and the terms of use of such ratings are
available on the agency's public site, www.fitchratings.com.
Published ratings, criteria and methodologies are available from this
site, at all times. Fitch's code of conduct, confidentiality, conflicts
of interest, affiliate firewall, compliance and other relevant policies
and procedures are also available from the 'Code of Conduct' section of
this site.
Fitch Ratings, New York
Ian Rasmussen, +1-212-908-0232
Yuriy
Layvand, CPA, +1-212-908-9191
Media Relations:
Brian Bertsch,
+1-212-908-0549
brian.bertsch@fitchratings.com
Copyright © 2009, Business Wire, Inc., All rights reserved.
Copyright © 2009, NewsBlaze,
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