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Calamos to close Focus Growth ETF

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Calamos Investments is to close the Calamos Focus Growth ETF, effective 1 August 2016.

The last date for authorised participants to create units in the fund will be 1 August 2016 and the last date to redeem shares will be on or before 4:00 PM EST on 1 August.
 
The proportionate interests of the shareholders in the net assets of the fund will be fixed on the basis of their respective share holdings at the close of business on 1 August.   
 
The last day of trading for the fund on the NASDAQ Global Market is expected to be 1 August. During the period between 1 August and the completed liquidation of the fund, the fund's affairs shall be wound up and its securities and other assets shall be sold for cash or cash equivalents.
 
The fund intends to declare and pay any dividends required to distribute its investment company taxable income, net capital gains, and net tax-exempt income accrued in the fund's current taxable year or any in any prior taxable year in which the fund is eligible to declare and pay a dividend. These dividends will be taxable to shareholders who do not hold their shares in a tax-advantaged account such as an IRA or 401(k). 
 
Calamos says that shareholders should check with their investment professional and tax professional regarding the potential impact of the fund's liquidation to their individual financial plan and tax situation.

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