Calamos Investments announced the raising of the monthly distribution rate of Calamos Long/Short Equity & Dynamic Income Trust from 12.00 cents per share to 13.00 cents per share payable on February 19, 2021. Representing an approximate 8% increase from the prior distribution, the new distribution rate reflects on an annualized basis a current distribution rate of 8.60% based upon the Fund's market price of $18.14 per share on January 20, 2021. This $0.01 monthly distribution increase represents the second of such dividend raises to shareholders since December 2020.