Calamos Asset Management, Inc. Announces Assets under Management as of November 30, 2004


NAPERVILLE, Ill., Dec. 10, 2004 (PRIMEZONE) -- Calamos Asset Management, Inc. (Nasdaq:CLMS) today reported assets under management of $36.44 billion as of November 30, 2004, compared to $33.91 billion one month ago and $22.96 billion one year ago.


 Assets Under Management

 (in billions)            Nov. 04    Oct. 04    Dec. 03    Nov. 03

 Mutual funds             $25.74     $23.77     $14.65     $14.03

 Separately managed       $10.70     $10.14     $ 9.19     $ 8.93
  accounts

 Total                    $36.44     $33.91     $23.84     $22.96

About CALAMOS

Calamos Asset Management, Inc. (Nasdaq:CLMS) provides investment advisory services through its subsidiaries to institutions and individuals, principally in the United States. With roots dating to 1977, the company applies a proprietary investment process centered on risk management across an expanding range of investment strategies within the equity, balanced, convertible, high yield and alternative investment classes. The Firm completed its initial public offering on Oct. 27, 2004. For more information, visit www.calamos.com.

Forward-Looking Information

From time to time, information or statements provided by us or on our behalf, including those within this press release, may contain certain forward-looking statements relating to future events, future financial performance, strategies, expectations and competitive environment, and regulations. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties, some of which are listed below, that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These and other risks, uncertainties and other important factors are described in more detail in our recent filings with the U.S. Securities and Exchange Commission, including without limitation, the "Forward-Looking Information" in Part I of Item 2 of our most recent quarterly report on Form 10-Q.


            

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