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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 Aug 15, 2016 1:57pm
154 Views
Post# 25142867

RE:RE:RE:RE:RE:RE:RE:RE:Any fund managers paying attention?

RE:RE:RE:RE:RE:RE:RE:RE:Any fund managers paying attention?You can go on Sedar and read the old documents.  Lloyd Miller (no relation to Howard Miller) is the name to look for.  Anyway, these amazing prices just can't last forever.  For some time now, I've been frustrated with Almadex (AMZ) wondering if I was the only one getting how good a deal it was but I kept buying in the 30's and 40's.  My patience was rewarded finally when news caught on and now it's trading at 90 cents.  (I've sold a lot of it in the past week to buy more Avnel.)  Avnel's situation also reminds me a bit of Avino.  There was an interview I watched last week with the CEO of Avino where he mentioned having a small amount of shares available to buy resulted in the price shooting up in a big way.  I bought Avino in the $1.30's to $1.60's a few months ago and now we're at $3.55 and still likely to go much higher.  I believe Avnel is the same - it can shoot up much higher at any point - we just have those shares to go through and then there aren't likely going to be many available once it gets going.  We've got quite a few catalysts coming soon.    
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