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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 EdgarLon Jun 30, 2016 6:50pm
105 Views
Post# 25014166

RE:RE:RE:RE:Just an observation

RE:RE:RE:RE:Just an observationI'm on vacation in a place with no internet and just at a restaurant right now so just a few quick notes to this good conversation:
-The level 2 board was ugly as sin for a long time.  Why?  A large investor who thought this was Apple maybe.  I don't know.  Nobody's that dumb.  Anyway, the result was many investors looked at Avnel and looked away as soon as they saw the level 2 board.  So a lot of good investors including funds moved on and never looked at Avnel again.  
-Some are scared when they hear the word "Mali" but south Mali is nothing like north Mali.  South Mali is a great jurisdiction.  The local government and the national government are very very supportive.  
-The warrants.  They are haunting us but we're in better shape than a lot of companies.  Some selling to buy warrants is most likely still necessary but I don't think it's so bad.  Some in July, some September and some January.    

What's really needed is some more volume along with just a few new investors.  It'll come. 
I've been in this situation many times with other investments and it can be hard waiting but there are a lot of investors who have Avnel on their radar now.  Avnel is so much better than some of the explorers and possible upcoming producers out there with higher market caps.  It's just silly.  And we need a little marketing.  The CEO, Mr Miller is very good at what he does and has had many successes in his life.  But marketing isn't at the top of his priority list.  But I hear there's a new IR person coming and along with it, some new marketing.  We're going to see good things happen - whether tomorrow, next week, or next month I don't know, but I do believe soon.  This is the investment I feel most secure with.    
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