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EXHIBIT 99.BL
SUBSCRIPTION AGREEMENT
Calamos Investment Trust
1. Shares Subscription. The undersigned agrees to purchase from Calamos
Investment Trust (the "Trust") the number of shares (the "Shares") of the Fund's
Calamos High Yield Fund (the "Fund"), without par value, set forth at the end of
this Agreement on the terms and conditions set forth herein and in the
Preliminary Prospectus ("Preliminary Prospectus") described below, and hereby
tenders the amount of the price required to purchase these Shares at the price
set forth at the end of this Agreement.
The undersigned understands that the Trust has prepared a registration
statement or an amendment thereto for filing with the Securities and Exchange
Commission on Form N-1A, which contains the Preliminary Prospectus which
describes the Trust, the Fund and the Shares. By its signature hereto, the
undersigned hereby acknowledges receipt of a copy of the Preliminary Prospectus.
The undersigned recognizes that the Fund will not be fully operational
until such time as it commences the public offering of its shares. Accordingly,
a number of features of the Fund described in the Preliminary Prospectus,
including, without limitation, the declaration and payment of dividends, and
redemption of shares upon request of shareholders, are not, in fact, in
existence at the present time and will not be instituted until the Fund's
registration under the Securities Act of 1933 is made effective.
2. Representations and Warranties. The undersigned hereby represents and
warrants as follows:
(a) It is aware that no Federal or state agency has made any findings or
determination as to the fairness for investment, nor any recommendation or
endorsement, of the Shares;
(b) It has such knowledge and experience of financial and business matters as
will enable it to utilize the information made available to it in connection
with the offering of the Shares, to evaluate the merits and risks of the
prospective investment and to make an informed investment decision;
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(c) It recognizes that the Fund has no financial or operating history and,
further, that investment in the Fund involves certain risks, and it has taken
full cognizance of and understands all of the risks related to the purchase of
the Shares, and it acknowledges that it has suitable financial resources and
anticipated income to bear the economic risk of such an investment;
(d) It is purchasing the Shares for its own account, for investment, and not
with any present intention of redemption, distribution, or resale of the Shares,
either in whole or in part;
(e) It will not sell the Shares purchased by it without registration of the
Shares under the Securities Act of 1933 or exemption therefrom;
(f) This Agreement and the Preliminary Prospectus and such material documents
relating to the Fund as it has requested have been provided to it by the Trust
and have been reviewed carefully by it; and
(g) It has also had the opportunity to ask questions of, and receive answers
from, representatives of the Trust concerning the Fund and the terms of the
offering.
3. The undersigned recognizes that the Trust reserves the unrestricted right to
reject or limit any subscription and to close the offer at any time.
Number of Shares of the Fund: 5,000 Class A shares at a subscription price
of $10.00 per share and 5,000 Class C shares at a subscription price of $10.00
per share for an aggregate price of $100,000 for the Calamos High Yield Fund.
IN WITNESS WHEREOF, the undersigned has executed this instrument this
27th day of July, 1999.
CALAMOS ASSET MANAGEMENT, INC.
By: /s/ Xxxxx X. Xxxxxx, Xx.
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Xxxxx X. Xxxxxx, Xx.
Vice President
