2008-05-17 00:04:54 -

- Fitch Ratings has withdrawn the 'AAA' rating on Calamos Global Total Return Fund's 2,360 series T of auction rate preferred stock (ARPS).

Fitch is withdrawing the rating following the full redemption of the ARPS, with proceeds from a secured alternative form of borrowing.

Fitch's rating definitions and the terms of use of such ratings are available on

the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

Fitch Ratings, New York
Viktoria Baklanova, CFA, 212-908-9162
Yuriy Layvand, CPA, 212-908-9191
or
Media Relations:
Kenneth Reed, 212-908-0540