In fact, if we look historically, CHI's monthly distribution was $0.15 / share in the early 2000s, however, it was slashed to a low of $0.08 / share by 2018.

CHI Distribution History (CEFConnect) The NAV rate still remains quite high at 11.41%, and due to the fund's premium, the actual rate shareholders receive is lower at 10.58%.

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution Calamos Investments Closed ...