AVK Research | Milton Maxwell

AVK

Advent Convertible and Income Fund

12.28

-0.06-0.49%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

542.15M

P/E (TTM)

11.92

Basic EPS (TTM)

1.03

Dividend Yield

0.11%

Recent Filings

8-K

AVK switches to BNY admin

12/18/25Dec 18, 2025

Advent Convertible and Income Fund (AVK) entered new Fund Administration and Accounting, Custody, and Foreign Custody Manager Agreements with BNY on December 15, 2025, replacing prior pacts with MUFG and old BNY deals. No termination fees apply. Smooth transition ahead.

8-K

AVK launches 11.5M-share rights offer

9/23/24Sep 23, 2024

Advent Convertible and Income Fund launched a rights offering on September 20, 2024, issuing one transferable right per common share to record date holders for a 1-for-3 subscription of up to 11,533,627 new shares, expiring October 17. Full basic subscribers gain over-subscription access to unexercised rights, with UBS as dealer manager. Rights trade as AVK RT on NYSE. Fresh capital bolsters the closed-end fund's portfolio.

8-K

Trustee Medina resigns

9/18/24Sep 18, 2024

Derek Medina resigned as Trustee of Advent Convertible and Income Fund effective September 18, 2024, citing other professional commitments—no disagreements on operations noted. The Board shrank from eight to seven members. Smooth transition, no operational hiccups.

8-K

By-laws fully restated

11/4/19Nov 4, 2019

Advent Convertible and Income Fund fully amended its by-laws on November 1, 2019, issuing Third Amended and Restated By-Laws under Item 7.01. The prior Second Amended version was replaced entirely. Details in Exhibit 3.1. Governance sharpened.

8-K

By-Laws fully restated

3/13/18Mar 13, 2018

Advent Claymore Convertible Securities and Income Fund fully amended and restated its By-Laws on March 7, 2018, as disclosed under Regulation FD. The Second Amended and Restated By-Laws were filed as Exhibit 3.1. No specific changes or impacts detailed. Governance tightened.

About

Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors. The fund invests approximately 60% of its portfolio in convertible securities and rest in lower-grade non-convertible income securities. It employs fundamental analysis to create its portfolio. Advent Claymore Convertible Securities and Income Fund was formed on April 29, 2003 and is domiciled in the United States.

CEO

Mr. Tracy Vincent Maitland

IPO

4/30/2003

Website

https://www.guggenheimfunds.com/cef/fund/avk

Sector

Financial Services

Industry

Asset Management