Advent Convertible and Income Fund Reports Earnings Results for the Full Year Ended October 31, 2019
January 03, 2020 at 01:22 am IST
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Advent Convertible and Income Fund announced earnings results for the full year ended October 31, 2019. For the full year, the company announced total revenue was USD 39.338 million. Net income was USD 53.264 million.
Advent Convertible and Income Fund (the Fund) is a diversified closed-end management investment company. The Fundâs investment objective is to provide total return through a combination of capital appreciation and current income. The Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The Fund will invest at least 30% of its managed assets in convertible securities and up to 70% of its managed assets in non-convertible income securities. The Fund may invest without limitation in securities of foreign issuers. Fund invests in various sectors, such as technology, financial, communications, energy, basic materials and other. The investment advisor of the Fund is Advent Capital Management, LLC.
ADVENT CONVERTIBLE AND INCOME FUND 
