AVK

Advent Convertible and Income Fund is a diversified, closed-end management investment company that seeks total return through a combination of capital appreciation and current income by investing primarily in convertible securities and income-producing instruments. The fund invests in convertible bonds, convertible preferred stocks, high-yield bonds, and other income-generating securities. Convertible securities offer equity participation with downside protection through fixed-income characteristics, providing an attractive risk-return profile. The fund's portfolio balances growth potential from equity conversion features with income generation from coupon and dividend payments. Managed by Advent Capital Management, the fund provides professional portfolio management specializing in convertible securities. The fund may use leverage to potentially enhance returns, which also amplifies risk. As a closed-end fund trading on an exchange, its market price may differ from net asset value. The fund is designed for investors seeking total return from convertible securities with income orientation and willingness to accept equity market and credit risk.