Dividend and Redemption Price Deposit. The Fund shall pay to the Auction Agent, not later than 12:00 noon, New York City time, on each Dividend Payment Date for any series of Preferred Shares, an aggregate amount of immediately available funds equal to the dividends to be paid on such Dividend Payment Date. The Fund will deposit with the Auction Agent funds sufficient to redeem the specified number of Preferred Shares with respect to a redemption required under subparagraph (a)(ii) of Section 3 of the Statement, by 1:00 P.M., New York City time, of the Business Day immediately preceding the Mandatory Redemption Date.
Appears in 4 contracts
Samples: Auction Agency Agreement (Calamos Global Dynamic Income Fund), Auction Agency Agreement (Calamos Strategic Total Return Fund), Auction Agency Agreement (Calamos Convertible & High Income Fund)
