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 > yearly loss

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Comment by PenniStockeron May 16, 2017 11:33pm

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RE:RE:RE:yearly loss

Here is an excerpt from the news release / MD&A:

The company advanced the resettlement action plan (RAP) of impacted persons resulting from the future operation. Final urban planning approval for the extension of Kalana town is expected by Q3 2017, and this will allow construction of new housing and public infrastructure to commence when financing is available.

So they are not really shovel ready because they are still working with the community. Feasibility study discussed the need to relocate some graveyards too. CEO was told me there is a sacred forest too.

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This junior mining stock offers billions in market exposure