Advent Convertible and Income Fund T.AVK

Primary Symbol: AVK

Advent Convertible and Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. The Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The Fund will invest at least 30% of its managed assets in convertible securities and up to 70% of its managed assets in non-convertible income securities. The Fund may invest without limitation in securities of foreign issuers. Fund invests in various sectors, such as technology, financial, communications, energy, basic materials and other. The investment advisor of the Fund is Advent Capital Management, LLC.

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Advent Convertible and Income Fund > Any fund managers paying attention?

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Comment by gold_diggers1on Aug 15, 2016 10:39am

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Post# 25142013

RE:RE:RE:RE:RE:RE:RE:Any fund managers paying attention?

EdgarL wrote: gold_diggers1 - There are 1.5 million shares not yet exercised which expire next month on Sept 18/16. Then there is another party which has 7.8 million warrants which expire Jan 17/17.

Yep, there are lots of warrants to be exercised to make money at $0.35.....
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On the one hand, there aren't lots of buying to consume these at $0.35 but on the other hand, they are not willing to exercise below $0.35??? I wonder what the warrants prices are?
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