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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 marketsenseon Jan 04, 2017 1:21pm
159 Views
Post# 25666581

RE:RE:RE:RE:Laurentian Bank: Buy rating and $0.60 target price for AVK

RE:RE:RE:RE:Laurentian Bank: Buy rating and $0.60 target price for AVKwhile not being too negative with pennistocker's suggestion, which I think meant that retail guys like us should buy more to get the s/p up, my issue with that is why should we start buying and supporting AVK, when Elliott could have forced conversion of the warrants last year and capitalized on a very receptive gold market? Because they failed to do that, many sold their position and subsequently the stock fell towards where it is today. Elliott needs to accept the fact that his delay hurt his market and now asking us to pick up the slack for his delay ticks me off but I do see your point. If everyone holding AVK were to start buying instead of waiting, AVK would be trading more where it should be, instead of being so heavily discounted. Its the second most discounted stock in the gold space according to one report I saw. Thoughts anyone?
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