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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 PenniStockeron Nov 07, 2016 9:42am
172 Views
Post# 25431660

RE:RE:RE:RE:PenniStocker

RE:RE:RE:RE:PenniStockerWith my response post read 145 times last time I checked, I feel that this confirms the "all eyes on AVK" view. For context, this is about two times the views we got on posts during that feasibility study and ESIA period, FWIW, and only over about 3 trading days (5 in total).

Anyone called the company recently to find out if drills are turning yet? I expect them to announce that they've spudded the first hole or two to provide a distraction to their financial results.  I'm expecting to see that over 5mm warrants have been exercised YTD given that there are now 309.9mm shares outstanding according to the TSX. Also, given that this is a UK company, I'm expecting G&A to come down as the GBP has declined considerably since Brexit and AVK reports in USD. 
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