Earlier this year, I looked at CPZ, a rather unique long/short fund that invests across the asset class spectrum. At that time, the discount was only mild - today, it is at a deep discount, making it more interesting.

CPZ: Looking More Interesting With A Large Discount

Calamos Long/Short Equity & Dynamic Income Trust is a fairly new closed-end fund that IPO-ed in November 2019. The fund falls in the global multi-asset bucket since it can invest in both equities and fixed income on a global basis.

CPZ: Multi-Asset Fund With A U.S. Equity Long/Short Focus

The current market environment presents challenges to income-oriented investors. CPZ provides the opportunities, a differentiated investment, featuring a long/short equity strategy in the current market.

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CPZ: Unique Long/Short CEF Bucking Market Trend

CPZ's strategy of being long and short positions has made me hesitant to buy. However, the fund has been performing well and has boosted its distribution again, proving me wrong.

CPZ: Providing Reasonable Returns And Several Distribution Boosts So Far

Calamos Long/Short Equity & Dynamic Income Trust, formerly Calamos Long/Short Equity & Income 2028 Term Trust, is a closed ended management investment company. It seeks to provide current income and risk-managed capital appreciation primarily through a long/short equity strategy. It will invest, under normal circumstances, at least 80% of its managed assets in a globally diversified portfolio comprised of equity securities which are defined to include common stock, preferred stock, convertible securities and exchange-traded funds (ETFs), as well as long and short equity positions managed pursuant to a long/short equity strategy. The Fund may invest up to 20% of its managed assets opportunistically in globally diversified income-producing securities, including high-yield and investment grade corporate securities, leveraged loans, distressed debt securities, securitized products and sovereign debt issued by foreign governments. Its investment manager is Calamos Asset Management.