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CALAMOS STRATEGIC TOTAL RETURN FUND Director's Dealing 2007

Dec 12, 2007

31357_dirs_2007-12-12_d564bf9a-a758-48ef-afd2-badf401def3a.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CALAMOS STRATEGIC TOTAL RETURN FUND (CSQ)
CIK: 0001275214
Period of Report: 2007-10-31

Reporting Person: RYBAK WILLIAM R (Director)

Holdings (Non-Derivative)

Security Shares Ownership
Common 1839.14 Direct

Footnotes

F1: Includes 133.08 shares acquired between November 2006 and October 2007 under the Calamos Strategic Total Return Fund dividend reinvestment plan.