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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 22, 2016 3:00pm
186 Views
Post# 25164934

RE:Warrants will not cause a wave of selling plus an M&A theory

RE:Warrants will not cause a wave of selling plus an M&A theoryVery well written PenniStocker.  But I really really hope there's no one buying out Avnel.  I know for a fact that numerous large parties have looked very recently and may still be working on it - I don't know.  But I for one don't want that - We're going to do really well soon as we move towards construction and I also believe we're moving towards a time where a little bit of intelligence starts coming into the market where for the first 8 months of this year, new investors bought big names and ETFs and didn't do much research.  It doesn't take much research to see that Avnel should be trading at multiples to where it's at now.  A buyer at this point won't pay anywhere close to as much as we'll make by waiting just a little bit longer. 
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