0001145549-20-001186.txt : 20200113 0001145549-20-001186.hdr.sgml : 20200113 20200113133746 ACCESSION NUMBER: 0001145549-20-001186 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191031 FILED AS OF DATE: 20200113 DATE AS OF CHANGE: 20200113 EFFECTIVENESS DATE: 20200113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Calamos Dynamic Convertible & Income Fund CENTRAL INDEX KEY: 0001602584 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22949 FILM NUMBER: 20523486 BUSINESS ADDRESS: STREET 1: 2020 CALAMOS COURT CITY: NAPERVILLE STATE: IL ZIP: 60563 BUSINESS PHONE: 630-245-7200 MAIL ADDRESS: STREET 1: 2020 CALAMOS COURT CITY: NAPERVILLE STATE: IL ZIP: 60563 N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0001602584 XXXXXXXX false false N-2 Calamos Dynamic Convertible & Income Fund 811-22949 0001602584 5493003QCLIH42Q8R445 2020 Calamos Court Naperville 60563 US-IL US 6302457200 State Street Bank and Trust Company 1 Lincoln Street Boston 02111 6177863000 records related to custody of fund assets State Street Bank and Trust Company 1 Lincoln Street Boston 02111 6177863000 Mutual fund accounting records Computershare 150 Royall Street Canton 02021 8662268016 All records in its capacity as transfer agent Calamos Advisors LLC 2020 Calamos Court Naperville 60563 6302457200 All records in its capacity as investment adviser N N N-2 Y John P. Calamos, Sr. 000038210 Y John E. Neal N/A N William R. Rybak N/A N Stephen B. Timbers N/A N David D. Tripple N/A N Virginia G Breen N/A N Lloyd A. Wennlund 001512907 N Mark Mickey 002902992 2020 Calamos Court Naperville 60563 XXXXXX N N N N N N Deloitte & Touche LLP 00034 N/A N N N N N N Calamos Dynamic Convertible and Income Fund 5493003QCLIH42Q8R445 N N/A N N Y N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Revenue sharing split Other Calamos makes interest payments in connection with the leverage facility it receives from its custodian. As part of the facility agreement, the custodian generates a portion of the funding through a securities lending arrangement where securities are lent versus cash collateral. The income generated by these securities loans are shared between Calamos and the custodian. The income attributable to Calamos is deducted from our facility interest payments. 151985581.000000000000 N/A Rule 32a-4 (17 CFR 270.32a-4) N N N N Calamos Advisors LLC 801-29688 000105758 549300B31HSTBIV6QG26 N Computershare 85-05006 254900Y7PP3ZED9AUY94 N N N Bloomberg Valuation Service 549300B56MD0ZC402L06 N ICE Data Services 5493000NQ9LYLDBCTL34 N Thomson Reuters Markets, LLC 20-4530702 Federal Tax ID number N Markit North America, Inc 549300HLPTRASHS0E726 N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Depository Trust and Clearing Corporation MLDY5N6PZ58ZE60QU102 N Y Securities depository - rule 17f-4 (17 CFR 270.17f-4) Euroclear 549300OZ46BRLZ8Y6F65 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Federal Reserve Bank N/A N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Computershare 254900Y7PP3ZED9AUY94 N N N Calamos Advisors LLC 549300B31HSTBIV6QG26 Y N State Street Bank and Trust 571474TGEMMWANRLN572 N N N Calamos Financial Services LLC 8-37854 000019850 N/A 0.000000000000 Merrill Lynch, Pierce, Fenner & Smith Incorporated 8-07221 000007691 9DJT3UXIJIZJI4WXO774 32015.000000000000 Nomura Securities International, Inc. 8-15255 000004297 OXTKY6Q8X53C9ILVV871 474.000000000000 Goldman, Sachs & Co. 8-00129 000000361 FOR8UP27PHTHYVLBNG30 13129.500000000000 First Options Of Chicago, Inc. 8-23787 000013822 N/A 6525.000000000000 Wells Fargo Securities, LLC 8-65876 000126292 VYVVCKR63DVZZN70PB21 3075.000000000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 2651.750000000000 Credit Suisse Capital LLC 8-52352 000103821 5493001KFROXQS5VBZ89 2370.740000000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 1500.000000000000 Jefferies LLC 8-15074 000002347 NY9Q8VBNB6D1L6YV0J84 1200.000000000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 984.500000000000 65324.610000000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 127061823.040000000000 Wells Fargo Securities, LLC 8-65876 000126292 VYVVCKR63DVZZN70PB21 32474251.050000000000 Merrill Lynch, Pierce, Fenner & Smith Incorporated 8-07221 000007691 9DJT3UXIJIZJI4WXO774 120621064.090000000000 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 69696874.450000000000 Jefferies LLC 8-15074 000002347 NY9Q8VBNB6D1L6YV0J84 54494740.400000000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 44463672.510000000000 Citigroup Global Markets Inc. 8-08177 000007059 MBNUM2BPBDO7JBLYG310 43335114.480000000000 Credit Suisse Capital LLC 8-52352 000103821 5493001KFROXQS5VBZ89 35276066.040000000000 Mizuho Securities USA LLC 8-37710 000019647 7TK5RJIZDFROZCA6XF66 34444872.600000000000 Goldman, Sachs & Co. 8-00129 000000361 FOR8UP27PHTHYVLBNG30 32513693.830000000000 688260778.410000000000 Y 728387948.750000000000 Common stock 1 Preferred stock Series A Preferred stock Series B Preferred stock Series C N N N N N N 1.510000000000 3.220000000000 20.650000000000 19.930000000000 true INTERNAL CONTROL RPT 2 cdcaifinternalctrl103119.htm DYNAMIC CONVERTIBLE AND INCOME FUND INTERNAL CONTROL 10.31.19 HTML
   

Deloitte & Touche LLP

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the shareholders and the Board of Trustees of Calamos Dynamic Convertible and Income Fund

In planning and performing our audit of the financial statements of Calamos Dynamic Convertible and Income Fund (the “Fund”) as of and for the year ended October 31, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of October 31, 2019.

This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

Deloitte & Touche LLP

December 18, 2019