AVK
Advent Convertible and Income FundAVK
AVK
About: Advent Convertible & Income 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 invests in various sectors, such as communications, utilities, energy, industrial, technology, and others.
0
Funds holding %
of 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
19% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 27
5% more funds holding
Funds holding: 86 [Q2] → 90 (+4) [Q3]
1.89% more ownership
Funds ownership: 28.76% [Q2] → 30.66% (+1.89%) [Q3]
2% less capital invested
Capital invested by funds: $119M [Q2] → $116M (-$2.3M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for AVK.
Financial journalist opinion
Positive
Seeking Alpha
1 week ago
CEF Insights: The Case For Convertibles & High Yield
With additional capital raised in 2024, the Advent Convertible & Income Fund (AVK) balances convertible securities and high yield bonds as it aims to provide capital appreciation and income amid. Gain updates on the Fund's portfolio allocation, performance and potential opportunities from Portfolio Manager Tony Huang. Advent Capital Management is the Investment Adviser of AVK, a closed-end fund which aims to provide total return through a combination of capital appreciation and current income.
Neutral
GlobeNewsWire
1 month ago
Guggenheim Investments Announces January 2025 Closed-End Fund Distributions
NEW YORK, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).
Positive
Seeking Alpha
1 month ago
AVK: Good Income, But Credit Concerns
Advent Convertible & Income Fund offers income through preferred stocks, and high-yield securities, with potential upside over time from convertible issues. The fund has shown resilience in dividend payouts despite economic challenges but has struggled with declining share prices and limited upside from its convertible strategy. Despite its diversified portfolio, AVK's high leverage and unsecured debt increase risks, making it prudent to wait for a price below $9 to give a margin of safety.
Neutral
GlobeNewsWire
2 months ago
Guggenheim Investments Announces December 2024 Closed-End Fund Distributions
NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).
Positive
Forbes
2 months ago
These Closed-End Funds Pay $1,000 A Month On Every $100K Invested
I can't tell you how many times I've mentioned closed-end funds (CEFs) to investors and been met with blank stares in return.
Neutral
GlobeNewsWire
3 months ago
Guggenheim Investments Announces November 2024 Closed-End Fund Distributions
NEW YORK, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).
Positive
24/7 Wall Street
3 months ago
These 10 Dividend Stocks Are Generating $520 In Dividend Income Every Month
According to
Neutral
GlobeNewsWire
3 months ago
Advent Convertible and Income Fund (NYSE: AVK) Announces Final Results of Rights Offering
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Advent Convertible and Income Fund (NYSE: AVK) (the “Fund”) today announced the final results of its transferable rights offering (the “Offer”). The Offer expired on October 17, 2024 (the “Expiration Date”). The Rights no longer trade on the New York Stock Exchange (“NYSE”).
Neutral
GlobeNewsWire
3 months ago
Advent Convertible and Income Fund (NYSE: AVK) Announces Preliminary Results of Rights Offering
NEW YORK, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Advent Convertible and Income Fund (NYSE: AVK) (the “Fund”) today announced the completion and preliminary results of its transferable rights offering (the “Offer”) which commenced on September 20, 2024 and expired on October 17, 2024 (the “Expiration Date”). The Offer entitled Rights holders to subscribe for common shares of beneficial interest (“Common Shares”) of the Fund. Pursuant to the Offer, the Fund issued one transferable right (a "Right") for each Common Share held by shareholders of record as of September 20, 2024. Holders of Rights were entitled to purchase one new Common Share for every three rights held (1 for 3).
Neutral
Seeking Alpha
4 months ago
AVK: Rights Offering Quick Notes
Advent Convertible & Income Fund has initiated a 1-for-3 transferable rights offering, with an expiration date of October 17, 2024. The subscription price is set at 92.5% of the average closing price over the last five days or 90% of NAV, whichever is higher. Main investor options are discussed.
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