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 16, 2016 10:05am

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Post# 25145538

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

marketsense wrote: Could be mgnt's way of returning a favor. Allow warrant holders to make a profit and then once they're out of the way, start moving forward
with a financing package. Remember the larger float is still manageable as insiders already own more than 50% of the existing float.

Given the huge float and these warrants between $0.20 - $0.25, the selling pressure continues unabated.... Just cannot see the light at the end of the tunnel if mgmt does not accelerate the exercising of these warrants.....
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Time and Sales

Time	Price	Volume	Buyer	Seller
09:45:52	0.3400	5,000	Scotia Capital Inc.	Canaccord Capital Corp.
09:44:11	0.3400	5,000	TD Securities Inc.	Canaccord Capital Corp.
09:43:13	0.3400	1,500	W.D. Latimer Co. Ltd.	Canaccord Capital Corp.
09:34:39	0.3400	3,500	Scotia Capital Inc.	Canaccord Capital Corp.
09:34:39	0.3400	500	Scotia Capital Inc.	Barclays Capital Canada Inc.
09:34:39	0.3400	5,500	Scotia Capital Inc.	RBC Capital Markets
09:34:39	0.3400	2,000	Scotia Capital Inc.	Canaccord Capital Corp.
09:30:00	0.3400	500	RBC Capital Markets	Canaccord Capital Corp.
09:30:00	0.3400	3,000	Fidelity Clearing Canada ULC	Canaccord Capital Corp.
09:30:00	0.3400	7,500	Scotia Capital Inc.	Canaccord Capital Corp