AVK Announces Supplemental Distribution
13 Dezember 2021 - 10:30PM
Advent Convertible and Income Fund (“AVK” or the “Fund”) today
announced a supplemental distribution of $1.387385 per share. The
distribution is estimated to be characterized entirely as long-term
capital gain. A final determination of the tax character of
distributions paid by the Fund in 2021 will be reported to
shareholders in January 2022 on Form 1099-DIV.
Relevant dates pertaining to the supplemental distribution are
as follows:
Record Date: December 23, 2021Ex-Dividend Date: December 22,
2021Payable Date: December 31, 2021
About Advent Capital ManagementAdvent Capital
Management, LLC (“Advent”) is a registered investment advisor
dedicated to providing its clients with superior investment
performance and client service. Advent invests primarily in
convertible, high yield and equity securities offered through long
only, alternative and NYSE-listed closed-end fund strategies. Since
inception in 1995, Advent has grown into an $11 billion globally
diversified investment management firm (as of September 30, 2021),
and the firm’s growing client base includes some of the most
sophisticated public and corporate pension plans, insurance
companies, foundations, endowments and high net worth
individuals.
About Guggenheim Investments
Guggenheim Investments includes Guggenheim Funds Distributors,
LLC (the servicing agent for AVK). Advent Capital Management, LLC
serves as Investment Adviser for AVK and is not affiliated with
Guggenheim.
There can be no assurance that the Fund will achieve its
investment objective. Investments in the Fund involve operating
expenses and fees. The net asset value of the Fund 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. An
investment in the Fund is subject to certain risks and other
considerations. Such risks and considerations may include, but are
not limited to: Investment and Market Risk; Convertible Securities
Risk; Structured and Synthetic Convertible Securities Risk; Lower
Grade Securities Risk; Equity Securities Risk; Preferred Securities
Risk; Derivatives Risk; Interest Rate Risk; Leverage Risk;
Anti-Takeover Provisions; Foreign Securities Risk; Foreign Currency
Risk; Market Disruption Risk; Risk Associated with the Fund’s
Covered Call Option Writing Strategy; Senior and Second Lien
Secured Loan Risk and Illiquidity Risk. See
www.guggenheiminvestments.com/cef for a detailed discussion of
fund-specific risks.
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 at 227 West
Monroe Street, Chicago, IL 60606, 800-345-7999.
Analyst InquiriesWilliam T.
Korvercefs@guggenheiminvestments.com
NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE
VALUEMember FINRA/SIPC (12/21) #50731
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