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 > Updated numbers needed over next 3 days

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Post by EdgarLon May 03, 2016 9:39pm

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Post# 24838967

Updated numbers needed over next 3 days

Getting closer to hitting the 20day VWAP average of 30 cents CDN or higher, triggering the acceleration clause for the warrants which will bring in $14 million. With the new analyst price target increase (Cormark Securities) to 70 cents, it shouldn't be too difficult. Here is all that is needed to hit it by Friday:

250,000 tomorrow at 30.5 cents average, 250,000 Thursday at 31 cents average, and 250,000 Friday at 31 cents average.

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