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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 zadmanon Dec 07, 2016 11:58am
108 Views
Post# 25566182

RE:RE:RE:Worth the strong premium to AGG?

RE:RE:RE:Worth the strong premium to AGG?Why does anyone have to buy them? All they need is $45MM (if memory serves me) to build the mine themselves. I think that's manageable. A takeover is possible sure, but it comes down to valuation. The stock is too cheap down here. There's a lot more gold there than current reports suggest. Just go back and look at old ones when gold prices were higher. If you are a gold bull, there is a lot to like about AGG. Full disclosure though - I owned earlier in the year from 6 to 10/11 cents but have since moved on. Lots of fish in the sea. At current prices, I happen to prefer AVK - simply because my gut tells a financing announcement is close and will be a positive catalyst. Honestly guys - why should this think trade basically at bear market lows when gold is $100 bucks higher now. This downdraft is about small money flows and not much else. zad
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