Calamos Dynamic (CCD): Thrivent Redeems 200,000 Pref Shares ($5M)

What Happened

• Thrivent Financial for Lutherans (institutional holder) recorded a transaction on Aug 24, 2026 in which 200,000 Series D Mandatory Redeemable Preferred Shares of Calamos Dynamic Convertible & Income Fund (CCD) were redeemed at $25.00 per share, for a total of $5,000,000.
• The Form 4 labels the transaction as "Other acquisition or disposition (J)"; the footnote clarifies the shares were redeemed by the issuer at the principal amount. This is a redemption (issuer action), not a market purchase or voluntary sale by the holder.

Key Details

• Transaction date and price: Aug 24, 2026 — 200,000 shares @ $25.00 per share = $5,000,000.
• Shares owned after transaction: filing lists ownership as 0% (the Form 4 indicates no remaining Series D stake for reporting purposes).
• Footnote: Series D Mandatory Redeemable Preferred Shares were redeemed by the issuer at $25.00 per share (principal amount).
• Timeliness: The filing was submitted Aug 26, 2026 for a report period of Aug 24, 2021 — this appears to be a late filing and reduces timely transparency.

Context

• This was an institutional redemption by the issuer, not an executive buying or selling stock; it reflects a contractual redemption of preferred shares rather than a discretionary trade by management.
• Redemptions are administrative actions that return principal to holders and do not, by themselves, indicate the holder’s view on the company’s prospects.