Calamos Strategic Total Return Fund is a closed-end, income-oriented total return fund. The Fund seeks total return through a combination of capital appreciation and current income by investing in a diversified portfolio of equities, convertible securities and below-investment-grade (high yield) fixed-income securities. The Fund seeks to offer investors equity participation and an attractive monthly distribution. By combining equities, convertible bonds and higher yielding corporate securities, the Fund seeks to generate capital gains as well as income, taking advantage of its flexibility to manage risk and reward over the full course of a market cycle. The Fund also seeks to participate in long-term upward trends of the equity markets with the possibility of a stable monthly distribution. The Fund’s investment adviser is Calamos Advisors LLC.