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AVK


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In the News

04:32 04 Oct 2022 AVK

AVK: An Interesting Fund, But Not Great Valuation

AVK is an interesting convertible fund that also includes positions in high-yield bonds and some equities. The fund's distribution yield is an enticing 10.18%, but that could come under pressure through this rough market.

05:26 04 Oct 2022 AVK

CEF Insights: Convertibles - Upside Participation, Downside Protection

Cogent is a great business, and we think that it is a great model for Lumen.

11:30 04 Oct 2022 AVK

Evaluating CEFs: AVK Is Not The Best Pick In A Very Hot Sector

have looked at other CEFs that invest in convertible securities; AVK's 7.5% yield looks attractive if it can be sustained. I continue my series on CEFs looking beyond the yield.

12:19 04 Oct 2022 AVK

Convertibles CEF Sector Update

The convertibles sector had a tremendous 2020 on the back of a number of tailwinds such as outperformance in its sector tilts, high volatility, and falling rates. We take a look at the different options for investors in the sector across both open-end and closed-end funds.

04:58 04 Oct 2022 AVK

Avantax Advisory Services Inc. Raises Position in Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

Avantax Advisory Services Inc. increased its holdings in Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) by 47.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,098 shares of the investment management company’s stock after purchasing an additional 36,637 shares […]

12:00 04 Oct 2022 AVK

Advent Technologies Inc. to Combine With AMCI Acquisition Corp., Creating a Leading Next Generation Fuel Cell Technology Company

Advent Technologies Inc. (“Advent”), an innovation-driven company in the fuel cell and hydrogen technology space, and AMCI Acquisition Corp. (NASDAQ:

02:14 04 Oct 2022 AVK

Convertible Closed-End Fund And ETF Review

Convertible securities can offer a lower risk way to retain exposure to equities. A review of a selection of convertible CEF and ETF choices.

12:24 04 Oct 2022 AVK

UPDATE - Guggenheim Investments Announces August 2020 Closed-End Fund Distributions

NEW YORK, Aug. 04, 2020 (GLOBE NEWSWIRE) -- In a release issued on August 3, 2020 by Guggenheim Investments, footnote citations in the Distribution Schedule table were not presented correctly as superscript. The complete updated release follows: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”). The following dates apply to the distributions:Record DateAugust 14, 2020    Ex-Dividend DateAugust 13, 2020    Payable DateAugust 31, 2020        Distribution Schedule NYSE TickerClosed-End Fund NameDistribution Per ShareChange from Previous DistributionFrequency AVKAdvent Convertible and Income Fund$0.1172† -Monthly FMOFiduciary/Claymore Energy Infrastructure Fund$0.2450†$0.0825Quarterly GBABGuggenheim Taxable Municipal Managed Duration Trust$0.12573 -Monthly GGMGuggenheim Credit Allocation Fund$0.1813† -Monthly GOFGuggenheim Strategic Opportunities Fund$0.1821† -Monthly †A portion of this distribution is estimated to be a return of capital, which is also known as a “non-dividend distribution” and occurs when some or all of the shareholder’s investment is paid back to the shareholder, rather than income. Final determination of the character of distributions will be made at year-end. The Section 19(a) notice referenced below provides more information and can be found at www.guggenheiminvestments.com.Past performance is not indicative of future performance. As of this announcement, the sources of each Fund distribution are estimates. A Fund’s distribution rate can be affected by numerous factors, including changes in realized and projected market returns and Fund performance. There can be no assurance that a change in market conditions or other factors will not result in a change in a Fund’s distribution rate. Distributions may be paid from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital. Unless otherwise noted, the distributions above are not anticipated to include a return of capital. If a distribution consists of something other than ordinary income, a Section 19(a) notice detailing the anticipated source(s) of the distribution will be made available. The Section 19(a) notice will be posted to a Fund’s website and to the Depository Trust & Clearing Corporation so that brokers can distribute such notices to Shareholders of the Fund. Section 19(a) notices are provided for informational purposes only and not for tax reporting purposes. The final determination of the source and tax characteristics of all distributions in 2020 will be made after the end of the year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters.About Guggenheim InvestmentsGuggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with $220 billion* in assets under management across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 300+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”), Guggenheim Partners Investment Management (“GPIM”), and Guggenheim Funds Distributors, LLC (”GFD”). GFD serves as servicing agent for AVK. GFIA serves as Investment Adviser for FMO, GBAB, GGM and GOF. GPIM serves as Investment Sub-Adviser for GBAB, GGM and GOF. Tortoise Capital Advisors, L.L.C. serves as Investment Sub-Adviser for FMO and is not affiliated with Guggenheim. The Investment Adviser for AVK is Advent Capital Management, LLC and is not affiliated with Guggenheim.* Assets under management as of 06.30.2020 and include leverage of $13bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management.This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. Investments in the Funds involve operating expenses and fees. The net asset value of the Funds will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. Investors should be aware that, in light of the current uncertainty, volatility and distress in economies, financial markets, and labor and health conditions around the world, the risks of investing in the Funds are heightened significantly compared to normal conditions and therefore subject a Fund’s investments and a shareholder’s investment in a Fund to elevated investment risk, including the possible loss of the entire principal amount invested. Some general risks and considerations associated with investing in a closed-end fund may include: Credit Risk; Investment and Market Risk; High Yield/Lower Grade Securities Risk; Equity Securities Risk; Foreign Securities Risk; Interest Rate Risk; Liquidity and Valuation Risk; Derivative Risk; Management Risk; Anti-Takeover Provisions; Market Disruption Risk and Leverage Risk. See www.guggenheiminvestments.com/cef for a detailed discussion of Fund-specific risks.Certain statements contained in this press release may constitute forward-looking statements that involve a number of risks, uncertainties and other factors that could cause actual results to differ materially. Forward-looking statements speak only on the date at which such statements are made and Guggenheim undertakes no duty or obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment before they invest. For this and more information, visit www.guggenheiminvestments.com or contact a securities representative or Guggenheim Funds Distributors, LLC 227 West Monroe Street, Chicago, IL 60606, 800-345-7999.Analyst Inquiries William T. Korver cefs@guggenheiminvestments.comNot FDIC-Insured | Not Bank-Guaranteed | May Lose Value Member FINRA/SIPC (08/20)  44300

08:49 04 Oct 2022 AVK

Guggenheim Investments Announces August 2020 Closed-End Fund Distributions

NEW YORK, Aug. 03, 2020 (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”). The following dates apply to the distributions:Record DateAugust 14, 2020    Ex-Dividend DateAugust 13, 2020    Payable DateAugust 31, 2020        Distribution Schedule NYSE TickerClosed-End Fund NameDistribution Per ShareChange from Previous DistributionFrequency AVKAdvent Convertible and Income Fund$0.11721 -Monthly FMOFiduciary/Claymore Energy Infrastructure Fund$0.24501$0.0825Quarterly GBABGuggenheim Taxable Municipal Managed Duration Trust$0.12573 -Monthly GGMGuggenheim Credit Allocation Fund$0.18131 -Monthly GOFGuggenheim Strategic Opportunities Fund$0.18211 -Monthly 1 A portion of this distribution is estimated to be a return of capital, which is also known as a “non-dividend distribution” and occurs when some or all of the shareholder’s investment is paid back to the shareholder, rather than income. Final determination of the character of distributions will be made at year-end. The Section 19(a) notice referenced below provides more information and can be found at www.guggenheiminvestments.com.Past performance is not indicative of future performance. As of this announcement, the sources of each Fund distribution are estimates. A Fund’s distribution rate can be affected by numerous factors, including changes in realized and projected market returns and Fund performance. There can be no assurance that a change in market conditions or other factors will not result in a change in a Fund’s distribution rate. Distributions may be paid from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital. Unless otherwise noted, the distributions above are not anticipated to include a return of capital. If a distribution consists of something other than ordinary income, a Section 19(a) notice detailing the anticipated source(s) of the distribution will be made available. The Section 19(a) notice will be posted to a Fund’s website and to the Depository Trust & Clearing Corporation so that brokers can distribute such notices to Shareholders of the Fund. Section 19(a) notices are provided for informational purposes only and not for tax reporting purposes. The final determination of the source and tax characteristics of all distributions in 2020 will be made after the end of the year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters.About Guggenheim InvestmentsGuggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with $220 billion* in assets under management across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 300+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”), Guggenheim Partners Investment Management (“GPIM”), and Guggenheim Funds Distributors, LLC (”GFD”). GFD serves as servicing agent for AVK. GFIA serves as Investment Adviser for FMO, GBAB, GGM and GOF. GPIM serves as Investment Sub-Adviser for GBAB, GGM and GOF. Tortoise Capital Advisors, L.L.C. serves as Investment Sub-Adviser for FMO and is not affiliated with Guggenheim. The Investment Adviser for AVK is Advent Capital Management, LLC and is not affiliated with Guggenheim.* Assets under management as of 06.30.2020 and include leverage of $13bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management.This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. Investments in the Funds involve operating expenses and fees. The net asset value of the Funds will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. Investors should be aware that, in light of the current uncertainty, volatility and distress in economies, financial markets, and labor and health conditions around the world, the risks of investing in the Funds are heightened significantly compared to normal conditions and therefore subject a Fund’s investments and a shareholder’s investment in a Fund to elevated investment risk, including the possible loss of the entire principal amount invested. Some general risks and considerations associated with investing in a closed-end fund may include: Credit Risk; Investment and Market Risk; High Yield/Lower Grade Securities Risk; Equity Securities Risk; Foreign Securities Risk; Interest Rate Risk; Liquidity and Valuation Risk; Derivative Risk; Management Risk; Anti-Takeover Provisions; Market Disruption Risk and Leverage Risk. See www.guggenheiminvestments.com/cef for a detailed discussion of Fund-specific risks.Certain statements contained in this press release may constitute forward-looking statements that involve a number of risks, uncertainties and other factors that could cause actual results to differ materially. Forward-looking statements speak only on the date at which such statements are made and Guggenheim undertakes no duty or obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment before they invest. For this and more information, visit www.guggenheiminvestments.com or contact a securities representative or Guggenheim Funds Distributors, LLC 227 West Monroe Street, Chicago, IL 60606, 800-345-7999.Analyst Inquiries William T. Korver cefs@guggenheiminvestments.comNot FDIC-Insured | Not Bank-Guaranteed | May Lose Value Member FINRA/SIPC (08/20)  44300

12:00 04 Oct 2022 AVK

Michael Meyers Joins Evercore ISI to Lead Convertible Securities Business

Evercore (NYSE: EVR) announced today that Michael Meyers has joined Evercore ISI as a Senior Managing Director and Head of Convertible Securities. Bas

Financial details

Company Rating
-
Market Cap
367.73M
Income
-
Revenue
-
Book val./share
-
Cash/share
-
Dividend
2.79
Dividend %
26.27%
Employees
-
Optionable
No
Shortable
Yes
Earnings
-
P/E
1.89
Forward P/E
-
PEG
-
P/S
-
P/B
-
P/C
-
P/FCF
-
Quick Ratio
-
Current Ratio
-
Debt / Equity
-
LT Debt / Equity
0.68
-
-
EPS (TTM)
-
EPS next Y
-
EPS next Q
-
EPS this Y
389.38%
EPS next Y
-
EPS next 5Y
-
EPS last 5Y
16.74%
Revenue last 5Y
26.09%
Revenue Q/Q
-
EPS Q/Q
-
-
-
-
-
SMA20
-16.05%
SMA50
-13.44%
SMA100
-20.14%
Inst Own
0%
Inst Trans
0%
ROA
-
ROE
-
ROC
-
Gross Margin
-
Oper. Margin
-
Profit Margin
-
Payout
-
Shs Outstand
-
Shs Float
-
-
-
-
-
Target Price
-
52W Range
10.56-19.45
52W High
-43.21%
52W Low
+7.9%
RSI
25.09
Rel Volume
1.14
Avg Volume
104.54K
Volume
118.97K
Perf Week
-9.48%
Perf Month
-22.98%
Perf Quarter
-26.6%
Perf Half Y
-32.18%
-
-
-
-
Beta
1.23811
-
-
Volatility
0.24%, 1.03%
Prev Close
1.51%
Price
10.79
Change
1.22%

Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2021-10-31

Metric History 2017-10-312018-10-312019-10-312020-10-31 2021-10-31
Revenue per share
2.66-0.391.661.265.65
Net income per share
2.55-0.471.551.135.53
Operating cash flow per share
5.340.911.433.251.43
Free cash flow per share
5.340.911.433.251.43
Cash per share
000.0200.02
Book value per share
15.4416.216.4216.1720.29
Tangible book value per share
15.4416.216.4216.1720.29
Share holders equity per share
15.4416.216.4216.1720.29
Interest debt per share
10.1311.4711.689.819.73
Market cap
360.38M481.28M527.83M545.65M614.2M
Enterprise value
587.37M868.3M914.19M869.68M937.57M
P/E ratio
6.18-29.699.9114.093.24
Price to sales ratio
5.93-36.069.2712.653.17
POCF ratio
2.9515.2810.734.912.57
PFCF ratio
2.9515.2810.734.912.57
P/B Ratio
1.020.860.940.980.88
PTB ratio
1.020.860.940.980.88
EV to sales
9.67-65.0516.0520.164.84
Enterprise value over EBITDA
9.29-117.5313.5417.064.71
EV to operating cash flow
4.8127.5718.587.8219.19
EV to free cash flow
4.8127.5718.587.8219.19
Earnings yield
0.16-0.030.10.070.31
Free cash flow yield
0.340.070.090.20.08
Debt to equity
0.640.690.690.580.47
Debt to assets
0.390.420.420.390.33
Net debt to EBITDA
3.59-52.395.726.361.63
Current ratio
00000
Interest coverage
00000
Income quality
2.09-1.940.922.870.26
Dividend Yield
0.080.070.090.090.08
Payout ratio
0.49-1.940.911.250.26
Sales general and administrative to revenue
0.02-0.10.030.040.01
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
00000
Graham number
29.7713.0823.9320.2850.24
ROIC
00000
Return on tangible assets
0.1-0.020.050.040.18
Graham Net
-9.84-11.3-11.37-9.97-9.34
Working capital
00000
Tangible asset value
00000
Net current asset value
00000
Invested capital
0.640.690.690.580.47
Average receivables
11.11M21.79M16.8M15.53M26.06M
Average payables
15.38M24.84M22.15M28.21M24.96M
Average inventory
00000
Days sales outstanding
40.13-767.2115.83131.4468.94
Days payables outstanding
00000
Days of inventory on hand
00000
Receivables turnover
9.1-0.483.152.785.29
Payables turnover
00000
Inventory turnover
00000
ROE
0.17-0.030.090.070.27
Capex per share
00000

Frequently Asked Questions

What is Advent Convertible and Income Fund stock symbol ?

Advent Convertible and Income Fund is a US stock , located in Chicago of Illinois and trading under the symbol AVK

What is Advent Convertible and Income Fund stock quote today ?

Advent Convertible and Income Fund stock price is $10.79 today.

Is Advent Convertible and Income Fund stock public?

Yes, Advent Convertible and Income Fund is a publicly traded company.

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