Advent Convertible and Income Fund Announces July 2020 Distribution, Payable on July 31, 2020
July 01, 2020 at 04:15 pm EDT
Share
Advent Convertible and Income Fund announced July 2020 distribution of $0.11721 per share. Record date is July 15, 2020. Ex-dividend date is July 14, 2020. Payable date is July 31, 2020.
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.