Fund Description: Calamos Global Total Return Fund is a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund's investment objective is to provide total return through a combination of capital appreciation and current income. FUND STRATEGY: Under normal circumstances, the Fund will invest primarily in a portfolio of common and preferred stocks, convertible securities and income producing securities such as investment grade and below investment grade (high yield/high risk) debt securities. The Fund, under normal circumstances, will invest at least 50% of its managed assets in equity securities (including securities that are convertible into equity securities). The Fund may invest up to 100% of its managed assets in securities of foreign issuers, including debt and equity securities of corporate issuers and debt securities of government issuers, in developed and emerging markets. Under normal circumstances, the Fund will invest at least 30% of its managed assets in securities of foreign issuers. The Fund will invest in the securities of issuers of several different countries throughout the world, in addition to the United States. The Fund may also seek to generate income from option premiums by writing (selling) options with an aggregate notional value of up to 33% of the value of the Fund's managed assets. Below investment grade securities are commonly referred to as "junk bonds" and are considered speculative with respect to the issuer's capacity to pay interest and repay principal. FUND MANAGEMENT: Calamos Asset Management, Inc. is the Fund's investment adviser.