|By PR Newswire||
|December 28, 2012 03:00 AM EST||
NAPERVILLE, Illinois and LONDON, Dec. 28, 2012 /PRNewswire/ -- Calamos Global Funds plc and Calamos Advisors LLC announce that as of 31 December 2012 they will be compliant with the rules of the U.K. Financial Services Authority (FSA) relating to its Retail Distribution Review (RDR). The RDR rules impose certain restrictions on the payment of commission, remuneration and other benefits in relation to a personal recommendation provided to a retail client in the U.K. to invest in Calamos Global Funds (UCITS).
Consequently, effective as of 31 December 2012, retail clients in the U.K. may invest in the existing institutional (Class I) shares of Calamos Global Funds. There is no minimum subscription amount for platform investments or otherwise from FSA-authorised financial intermediaries that intend to utilise Class I for purposes of compliance with the FSA's RDR rules. All other charges with respect to Class I will remain the same.
"Calamos is committed to the U.K. marketplace and providing investment solutions to meet asset allocation needs. We look forward to continuing to work with advisors, platforms and the clients they serve," said John Calamos, Sr., Chief Executive Officer and Global Co-Chief Investment Officer of Calamos Investments®.*
Calamos Investments offers a family of UCITS funds, available to institutional and retail investors outside the United States. Funds available include U.S. Growth, Global Equity, Emerging Markets, Global Convertible Opportunities and Global High Income. Each of these funds is based on a long record of managing similar institutional strategies and funds for clients in the United States and around the globe.
For more information, please visit Calamos.com/global.
Calamos Investments is a diversified global investment firm offering innovative investment strategies including equity, fixed income, convertible and alternative investments, among others. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals. Headquartered in the Chicago metropolitan area, the firm also has offices in London and New York.
Calamos Investments serves professional/sophisticated investors around the world through Calamos Global Funds plc (UCITS), distributed by Calamos Investments LLP, London, United Kingdom.
For more information, please visit Calamos.com.
The information contained in this press release does not constitute an offer or solicitation to invest and may not be treated as an offer or solicitation in any jurisdiction where such an offer or solicitation is against the law.
Calamos Investments LLP is authorised by the Financial Services Authority and is the distributor of Calamos Global Funds plc. The company's registered office is Suite G.07, 1 Cornhill, London EC3V 3ND. Registered in England (reg. no. 514598).
*Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos Financial Services LLC.
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