Ownership of Preferred Shares. The Fund shall notify the Auction Agent if the Fund or any affiliate of the Fund acquires any shares of Preferred Shares of any series. Neither the Fund nor any affiliate of the Fund shall submit any Order in any Auction for Preferred Shares, except as set forth in the next sentence. Any Broker-Dealer that is an affiliate of the Fund may submit Orders in Auctions, but only if such Orders are not for its own account. For purposes of this Section 2.8, a Broker-Dealer shall not be deemed to be an affiliate of the Fund solely because one or more of the directors or executive officers of such Broker-Dealer or of any Person controlled by, in control of or under common control with such Broker-Dealer is also a Trustee of the Fund. The Auction Agent shall have no duty or liability with respect to enforcement of this Section 2.8.
Appears in 4 contracts
Samples: Auction Agency Agreement (Calamos Global Dynamic Income Fund), Auction Agency Agreement (Calamos Global Total Return Fund), Auction Agency Agreement (Calamos Strategic Total Return Fund)
