Advent Convertible and Income Fund (NYSE: AVK) Announces Terms of Rights Offering and Declares October Distribution
Advent Convertible and Income Fund (AVK)
US:NYSE Investor Relations:
guggenheiminvestments.com/cef/fund/avk
Company Research
Source: GlobeNewswire
NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- The board of trustees (the “Board”) of Advent Convertible and Income Fund (NYSE: AVK) (the “Fund”) has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund’s common shares (the “Common Shareholders”) of beneficial interest, par value $0.001 per share (“Common Shares”), as of the record date, entitling the holders of those Rights to subscribe for Common Shares (the “Offer”). The Board, based on the recommendations and presentations of the Fund’s investment adviser, Advent Capital Management, LLC (“Advent” or the “Adviser”), and others, has determined that it is in the best interests of the Fund and the Common Shareholders to conduct the Offer and thereby to increase the assets of the Fund available for investment. In making this determination, the Board considered a number of factors, including potential benefits and costs. In particular, the Board considered the Adviser’s belief that the Offer wo
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AVK
Sec Filings
- 11/15/24 - Form 40-17G
- 10/21/24 - Form 4
- 10/21/24 - Form 4
- AVK's page on the SEC website