Thrivent Financial for Lutherans filed a Form 4 with the SEC on August 26, 2026, reporting a disposition of 400,000 Series D Mandatory Redeemable Preferred Shares of Calamos Convertible & High Income Fund following an issuer-initiated redemption on August 24, 2026.

Key Highlights

  • Security redeemed: 400,000 Series D Mandatory Redeemable Preferred Shares of Calamos Convertible & High Income Fund (NASDAQ:CHY) were disposed of on August 24, 2026.
  • Redemption price: The shares were redeemed at $25.00 per share, described as equal to the principal amount, according to the filing.
  • Transaction code: The disposition was recorded under transaction code J, indicating a form of transaction other than an open-market purchase or sale.
  • Post-transaction ownership: Following the redemption, Thrivent Financial for Lutherans reported zero remaining direct beneficial ownership of the Series D Mandatory Redeemable Preferred Shares.
  • Reporting person: Thrivent Financial for Lutherans, headquartered at 901 Marquette Avenue, Suite 2500, Minneapolis, Minnesota 55402-3211, filed as a non-director, non-officer holder classified as "Other."
  • Signatory: The form was signed by David S. Royal on August 26, 2026.

Issuer-Initiated Redemption of Series D Preferred Shares by Thrivent Financial

According to the filing, Calamos Convertible & High Income Fund redeemed all 400,000 Series D Mandatory Redeemable Preferred Shares held by Thrivent Financial for Lutherans on August 24, 2026. The filing's explanation of responses states that "the Series D Mandatory Redeemable Preferred Shares were redeemed by the issuer at a price equal to the principal amount of $25.00 per share." This redemption was initiated by the issuer, not a voluntary sale by the reporting person, which is reflected in the use of transaction code J rather than an open-market sale code.

Calamos Convertible & High Income Fund is a closed-end fund that, based on its name, invests in a combination of convertible securities and high income instruments. The fund's preferred share structure, including mandatory redeemable series, is a common feature of closed-end fund capital structures used to provide leverage. Thrivent Financial for Lutherans, a Minneapolis-based financial organization, held the Series D preferred shares directly and reported its relationship to the issuer as "Other," indicating it was neither a director nor an officer of the fund. Following the redemption, the filing confirms that Thrivent Financial's beneficial ownership of the Series D shares fell to zero.

The Form 4 was filed pursuant to Section 16(a) of the Securities Exchange Act of 1934. No derivative securities transactions were reported in Table II of the filing. The date of earliest transaction listed on the form is August 24, 2021, and the filing itself was dated August 26, 2026.

What Was Disclosed

The filing disclosed that Thrivent Financial for Lutherans disposed of 400,000 Series D Mandatory Redeemable Preferred Shares of NASDAQ:CHY at $25.00 per share through an issuer redemption on August 24, 2026, leaving the reporting person with zero remaining beneficial ownership of those shares.