MetLife Investment Management, LLC filed a Form 4 with the SEC on August 26, 2026, disclosing the disposition of 600,000 Series D Mandatory Redeemable Preferred Shares of Calamos Strategic Total Return Fund on August 24, 2026.

Key Highlights

  • Security disposed: 600,000 Series D Mandatory Redeemable Preferred Shares of Calamos Strategic Total Return Fund were reported as disposed of.
  • Transaction code J: The filing uses transaction code J, indicating an exchange or other acquisition or disposition not covered by another code.
  • Price per share: The shares were redeemed at their original purchase price of $25.00 per share, plus accrued and unpaid dividends, according to the filing.
  • Resulting ownership: Following the transaction, the beneficial ownership reported is 0 shares.
  • Reporting relationship: MetLife Investment Management, LLC is identified as a 10% owner of the issuer.
  • Indirect ownership: The shares were held indirectly, as the filing states they were "held directly by a client for whom the Reporting Person serves as investment manager."

Full Redemption of Series D Preferred Shares by Issuer

According to the filing, the Series D Mandatory Redeemable Preferred Shares of Calamos Strategic Total Return Fund (CSQ) were "redeemed in full by the Issuer at their original purchase price of $25.00 per share, plus accrued and unpaid dividends." The filing notes that those dividends "are exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-9 thereunder." The transaction date reported is August 24, 2026, and the Form 4 was filed on August 26, 2026.

MetLife Investment Management, LLC, headquartered at One MetLife Way, Whippany, New Jersey 07981, is listed as a 10% owner of the issuer. The filing clarifies that the 600,000 shares were held indirectly on behalf of a client for whom MetLife Investment Management acts as investment manager. Following the reported transaction, the beneficial ownership of Series D Mandatory Redeemable Preferred Shares attributable to MetLife Investment Management stands at 0.

The filing includes a standard disclaimer: "The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act, or for any other purpose." The Form 4 was signed by Israel Grafstein, identified as Chief Compliance Officer of MetLife Investment Management, LLC.

What Was Disclosed

MetLife Investment Management, LLC reported the full redemption of 600,000 Series D Mandatory Redeemable Preferred Shares of Calamos Strategic Total Return Fund at $25.00 per share, with resulting beneficial ownership reduced to zero, in a Form 4 filed August 26, 2026.