Calamos Announces Upside Cap Rates with Defined Downside Protection for Bitcoin Protection ETFs

METROCHICAGO, Ill.,July 8, 2025/PRNewswire/ --Calamos Investments LLC("Calamos"), a leading alternatives manager, today announced the upside cap rates for the launch of theCalamosBitcoinStructured Alt Protection ETF® – July (CBOY), CalamosBitcoin90 Series Structured Alt Protection ETF® – July (CBXY)andCalamosBitcoin80 Series Structured Alt Protection ETF® – July (CBTY), providing exposure toBitcoinwith defined downside protection over a one-year outcome period, before fees and expenses. Following their launch, yesterday,July 8, the fund's initial cap rates were determined as follows:CalamosBitcoinStructured Alt Protection ETF® – July (CBOY) with 100% downside protection and an initial cap rate of 10.00%CalamosBitcoin90 Series Structured Alt Protection ETF® – July (CBXY) with 90% downside protection and an initial cap rate of 24.70%CalamosBitcoin80 Series Structured Alt Protection ETF® – July (CBTY) with 80% downside protection and an initial cap rate of 41.05%By offering 100%, 90% and 80% downside protection levels, Calamos is bridging the gap between traditional finance and digital assets, allowing investors to participate inbitcoin's potential while maintaining defined risk parameters.Calamos ProtectedBitcoinETFsProtectionLevelInitial CapRateOutcomePeriodReference AssetAnnualExpenseRatioCalamos Bitcoin Structured AltProtection ETF® – July (CBOY)100 %10.00 %1 Year: 7/8/25to 7/7/26CBOE Bitcoin US ETFIndex0.69 %Calamos Bitcoin 90 SeriesStructured Alt Protection ETF® –July (CBXY)90 %24.70 %1 Year: 7/8/25to 7/7/26CBOE Bitcoin US ETFIndex0.69 %Calamos Bitcoin 80 SeriesStructured Alt Protection ETF® –July (CBTY)80 %41.05 %1 Year: 7/8/25to 7/7/26CBOE Bitcoin US ETFIndex0.69 %The ETFs will be managed by Co-CIO Eli Pars and the Alternatives Team and began trading onJuly 8, 2025.Structured Protection ETFs® reset annually, offering investors a new upside cap with refreshed protection against negative returns of the benchmark over the subsequent 12-month period. If shares are held longer than one year, they can deliver significant tax alpha as potential gains will grow tax-deferred at long-term capital gains rates and can be held indefinitely.Calamos' Structured Protection ETF suite is the most comprehensive of its kind, offering financial advisors and investors monthly entry points to capital-protected growth strategies with exposure to leading US equity benchmarks andBitcoinover one-year outcome periods. Learn more about the full suite ofCalamos Structured Protection ETFs® andCalamos ProtectedBitcoinETFs.About CalamosCalamos Investments is a diversified global investment firm offering innovative investment strategies, including alternatives, multi-asset, convertible, fixed income, private credit, equity, and sustainable equity. With more than$40 billionin AUM, including more than$18 billionin liquid alternatives assets as ofMay 31, 2025, the firm offers strategies through ETFs, mutual funds, closed-end funds, interval funds, UCITS funds and separately managed portfolios. Clients include financial advisors, wealth management platforms, pension funds, foundations & endowments, and individuals, globally. Headquartered in theChicagometropolitan area, the firm also has offices inNew York,San Francisco,Milwaukee,Portland(Oregon), and theMiamiarea. For more information, visit us onLinkedIn, on Twitter (Calamos), on Instagram (@calamos_investments), or atwww.calamos.com.Before investing, carefully consider the Fund's investment objectives, risks, charges and expenses. Please see theprospectus and summary prospectuscontaining this and other information which can be obtained by calling 1-866-363-9219. Read it carefully before investing.An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund.There can be no assurance that the Fund will achieve its investment objective. Your investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The Fund also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.Investing involves risks. Loss of principal is possible. The Fund(s) face numerous market trading risks, including authorized participation concentration risk, underlying ETP risk, cap change risk, capital protection risk, capped upside risk, cash holdings risk, concentration risk, clearing member default risk, correlation risk, costs of buying and selling fund shares, counterparty risk, derivatives risk, equity securities risk, FLEX options risk, interest rate risk, investment in a subsidiary, investment timing risk, liquidity risk, management risk, market maker risk, market risk, new fund risk, non-diversification risk, options risk, OTC options risk, position limits risk, premium-discount risk, secondary market trading risk, sector risk, tax risk, trading issues risk, U.S. Government security risk, U.S. Treasury risk, and valuation risk. For a detailed list of fund risks see the prospectus.The Target Outcome may not be achieved, and investors may lose some or all of their money. The Fund is designed to achieve the Target Outcome only if an investor buys on the first day of the Outcome Period and holds the Fund until the end of the Outcome Period. While the Fund seeks to provide 100% protection against losses experienced by the price of Spotbitcoinfor shareholders who hold Fund Shares for an entire Outcome Period, there is no guarantee it will successfully do so. If the Fund's NAV has increased significantly, a shareholder that purchases Fund Shares after the first day of an Outcome Period could lose their entire investment. An investment in the Fund is only appropriate for shareholders willing to bear those losses. There is no guarantee the Capital Protection and Cap will be successful and a shareholder investing at the beginning of an Outcome Period could also lose their entire investment.The Fund seeks to provide investment results that, before taking fees and expenses into account, track the positive price return of the CME CFBitcoinReference Rate - New York Variant ("BRRNY") ("Spotbitcoin") up to a predetermined upside cap (the "Cap") while seeking to protect against 100% of losses (before fees and expenses) of (i) Spotbitcoinor (ii) one or more of the Underlying ETPs and/orBitcoinIndexes, in each case, over a period of approximately one (1) year (the "Outcome Period"). The Fund will not invest directly inbitcoin. Instead, the Fund seeks to provide investment results that, before taking fees and expenses into account, track the positive price return of Spotbitcoinby investing in options that reference the price performance of either (i) one or more underlying exchange-traded products ("Underlying ETPs") which, in turn, ownbitcoinor (ii) one or more indexes that are designed to track the price ofbitcoin("BitcoinIndex").Digital Assets Risk:Thebitcoinnetwork was first launched in 2009 and bitcoins were the first cryptographic digital assets created to gain global adoption and critical mass. Although thebitcoinnetwork is the most established digital asset network, thebitcoinnetwork and other cryptographic and algorithmic protocols governing the issuance of digital assets represent a new and rapidly evolving industry that is subject to a variety of factors that are difficult to evaluate. Moreover, because digital assets, includingbitcoin, have been in existence for a short period of time and are continuing to develop, there may be additional risks in the future that are impossible to predict as of the date of this prospectus. Digital assets represent a new and rapidly evolving industry, and the value of the Underlying ETPs' shares depends on the acceptance ofbitcoin. The realization of one or more of the following risks could materially adversely affect the value of the Underlying ETPs' shares.The fund's expense ratio as of the prospectus dated4/7/2025is 0.69%.Cap Rate–Maximum percentage return an investor can achieve from an investment in the Fund if held over the Outcome Period.Protection Level –Amount of protection the Fund is designed to achieve over the Days Remaining.Outcome Period –The defined length of time over which the outcomes are sought.Calamos Financial Services LLC, Distributor© 2025 Calamos Investments LLC. . Calamos® and Calamos Investments® are registered trademarks of Calamos Investments LLC.SOURCE Calamos InvestmentsLoading...Loading...Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:Mutual FundsMarketsPress ReleasesBanking/Financial Services