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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 MinerPlayon Mar 31, 2016 12:48pm
248 Views
Post# 24715802

share price

share priceSome new investors wonder why this high-grade, open-pit gold mine with a new DFS and upcoming ESIA and financing likely this year isn't trading double or triple the price where it's at and the answer is one particular #7 (there are many #7 investors here I know) who has been holding high amounts of shares for sale for the past year now.  I've been watching the level 2 board for almost a year now and watching them do what they do.  What is their reason?  Do they really want to sell or are they trying to keep the share price down for an easier takeover?  If they really want to sell, there are much better ways of doing so and there have been many opportunities to do so.  So either this person/entity (entity I'm sure) knows nothing about how to sell a stock or they have other motives.  What other motive?  Takeover is the only one I can think of.  Who are they?  I'm not certain.  I really suspect B2Gold but it could also be many other players, including Chinese investors who are very active in the area. 
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