ST. LOUIS, MO--(Marketwire - Jul 30, 2012) - Alpine Investment Management (d/b/a/ Alpine Capital Research (ACR)) is a registered investment advisor whose clients are beneficial holders of approximately 5.1% of the public float of Calamos Asset Management, Inc., ("Calamos" the "Company" or "CLMS"). ACR today issued the following to shareholders of CLMS.

Dear Fellow Shareholders:

ACR - Alpine Capital Research has sent a letter to the Calamos Asset Management, Inc., Board of Directors (the "Board") demanding that the Board unlock the Company's significant shareholder value. The entire letter can be found at the website: http://www.improvecalamos.com.

Sincerely,

ACR - Alpine Capital Research