AVK: Strong Recovery Drives Total Returns [Seeking Alpha]
Advent Convertible and Income Fund (AVK)
US:NYSE Investor Relations:
guggenheiminvestments.com/cef/fund/avk
Company Research
Source: Seeking Alpha
AVK maintains a high distribution yield of 11.13%, but coverage relies heavily on capital gains, making long-term sustainability challenging if markets falter. Leverage remains significant at 37.58% but the leverage ratio has actually declined with strong gains and a rights offering driving managed assets growth. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » design master/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist Advent Convertible & Income Fund ( NYSE: AVK ) is a closed-end fund providing exposure to primarily convertible securities as its largest sleeve, but also meaningful exposure to other high-yield fixed-income securities as well. There is More on my IG service At the CEF/ETF Income Laboratory , we manage closed-end fund (CEF) and exchange-traded fund (ETF) portfolios targeting safe and reliable ~8% yields to make income investing easy for you. C
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