Advent Convertible and Income Fund will pay $0.1172 per share in November, maintaining its October rate, with a Nov. 13 cutoff determining which investors qualify for the distribution.
AVK’s November payout is $0.1172 a share, unchanged from October. Nov. 13 determines eligibility for the distribution and is also the ex-dividend date. Payment is scheduled for Nov. 30.
The fund’s objective is total return, combining current income with capital appreciation. In normal conditions, convertible securities and non-convertible income securities make up at least 80% of the fund’s managed assets. Advent Capital Management, LLC advises the fund.
