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

Advent Convertible and Income Fund > More insider buying at end of week

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Comment by PenniStockeron May 01, 2017 10:46pm

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Post# 26190259

RE:More insider buying at end of week

This is actually very negative news, in my experience. Insiders can only trade stock if everything material has been reported which suggests that there is no imminent financing, no debt package, no M&A, etc. Also means that they probably didn't add a meaningful number of ounces with the recent drill program either.

Too bad CEO didn't buy any stock as he owns none. For US$500k per year it would be nice to see him own some stock.

GLTA

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