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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.


NYSE:AVK - Post by User

Comment by gold_diggers1on Aug 17, 2016 12:32pm
158 Views
Post# 25150494

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Any fund managers paying attention?
Treetop2 wrote:
diggers, nobody can say whether we will see 20's again, but personally I am not betting on it, as I see many more 'up' factors than 'down' factors.  In my own case I don't care much if it drops a little more in the short term, then I will add to my position.  By the way I am recycling profits from other gold stocks at this point, so I am not expecting overnight success.  Also by the way, I think many gold stocks are already overpriced in the general enthusiasm, but AVK is not one of those.

Looking at who is selling on a daily basis is looking at the trees, not the forest.  For a view of the forest, see the year-to-date chart for AVK.  It shows a steady rise from around 20 to the mid-30's, with the usual jagged edges.  That is a trend I am happy to be riding, unless somebody exposes AVK's hidden flaw.  I don't see any reason why it should reverse itself now, with news on financing potentially coming out at any time.

Just my opinion - good luck.



TT2, Yep, that is what I plan to do too.... as the sp retreats bit by bit....
.
I hope it won't drop to $0.20 - $0.27 as I said, but if it does, I will add more and more...
.
GLTA



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