Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Jul 06, 2016 2:13pm
152 Views
Post# 25028422

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Just an observation

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Just an observationmackvorkian - A few reasons.  In the past it was held down on purpose by various parties but I can't see that happening deliberately now.  Now we just need some volume.  There is 1 party that has to sell about a million shares over the next month or so and so they sell when they have an opportunity and this may be a bit of a discouraging factor.  But overall, it's ready to start to fly anytime.  Being between IR people doesn't help because there isn't any marketing being done at the moment.  In the background though, very very large mining companies are looking at this for a takeover.  I know for a fact this is happening now.  Also, the financing discussions are happening with the banks.  The warrants have haunted us but we just need a little interest, a little volume to overwhelm that.  I've been adding a little lately as I free up some money but Avnel is already by far my biggest holding.  I'm comfortable here.  By the way, since there isn't an IR person at the moment, you can email the CEO, Howard Miller and ask him to call you and he will if you want to talk about it.  
<< Previous
Bullboard Posts
Next >>