Calamos Asset Management, Inc. (CAM) is a holding company. CAM, together with its subsidiaries provides investment advisory services to individuals and institutional investors through open-end funds (the Funds), closed-end funds, separate accounts, offshore funds and partnerships. The Company operates and controls all of the business and affairs of Calamos Holdings LLC (Holdings). The Company's clients include institutional and individual clients with long-term investment horizons. CAM makes its range of investment strategies and services available to its clients, directly and through intermediaries, by offering a range of investment products designed to suit their investment needs. The Company markets its investment strategies to its clients through a range of products designed to suit their individual investment needs. As of December 31, 2010, the Company owned 21.7% of Calamos Holdings LLC (Holdings), an intermediate holding company.