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 > I feel like they abanded us

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Comment by PenniStockeron May 05, 2017 11:06am

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Post# 26208570

RE:RE:RE:RE:I feel like they abanded us

Compensation cut & paste didn't work, so you'll have to look it up on SEDAR, but CEO and President salaries are about US$400k each, which seems redundant for a company of this size. The rest look like they are getting about US$250k per year.

Here is a link to the management information circular:
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00021819

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