Business Context and Reporting Period
This Form 8-K is a current report filed by Calamos Dynamic Convertible & Income Fund (the "Trust") on January 12, 2021. The report details corporate governance amendments adopted by the Board of Trustees on January 11, 2021. The Trust is incorporated in Delaware and its common shares trade on the NASDAQ Global Select Market under the symbol CCD.
Financial Metrics
This filing does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The primary material change reported is the amendment and restatement of the Trust's governing documents:
- Declaration of Trust: Amended and restated in its entirety.
- By-Laws: Amended and restated in their entirety.
Key provisions of these amendments include:
- Implementation of majority voting for the election of Trustees.
- Establishment of specific Trustee qualifications.
- Introduction of advance notice requirements for shareholders to bring matters before a shareholder meeting.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. No specific risks or contingencies are discussed beyond the standard incorporation of the full text of the amended documents by reference.
Key Facts for Investor Verification
- Verify the full text of the Amended and Restated Declaration of Trust (Exhibit 3.1) and Amended and Restated Bylaws (Exhibit 3.2) to understand the specific language regarding majority voting and shareholder notice periods.
- Confirm the effective date of the new governance provisions (January 11, 2021).
- Note that this filing is purely administrative and does not reflect changes in the Fund's investment strategy or financial position.