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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

Post by topoftheridgeon Dec 09, 2016 1:03pm
114 Views
Post# 25577136

warrants.

warrants.So Zadman is certainly right that the Jan 17 warrants will get exercised, giving the company cash.
His reasoning got me to buy some more shares earlier this week to bring my average cost down a bit. Thanks!

After that there is 21 million 40 cent warrants due on May 7.  (2.3 million broker warrants due same day at 27 cents)

Here is hoping the share price is over 50 cents and the May warrants get exercised too!
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