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.

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Advent Convertible and Income Fund > Nikee76

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Comment by Nikee76on Nov 30, 2016 12:17am

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Post# 25531981

RE:Nikee76

Topoftheridge, I think so, because there must be a reason for this. One such reason could be that Eliot and management doesn't want huge number of new shareholders and they prefer to keep the Avk shares low float - under the radar for the big sharks... I suppose if they exercise the warrants, they fear not to be swallowed by a bigger company. Are the money involved in the warrants insignificant to risks for M&A? It is just my speculation. What are your thoughts?

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