Advent Convertible and Income Fund (AVK) Stock Price, News & Analysis

Advent Convertible and Income Fund (AVK) is a diversified, closed-end management investment company. According to available information, the fund’s stated investment objective is to provide total return through a combination of capital appreciation and current income. The fund’s portfolio is described as investing across multiple sectors, including communications, utilities, energy, industrial, technology and other areas, in line with its convertible and income-focused mandate.

As a closed-end fund, Advent Convertible and Income Fund issues a fixed number of shares that trade on a stock exchange under the ticker symbol AVK. The fund is registered under the Investment Company Act of 1940, as indicated in its regulatory filings, and its common shares of beneficial interest are listed on the New York Stock Exchange. Investors access the fund by buying and selling AVK shares on the exchange through brokerage accounts.

Fund structure and operations

The fund operates as a management investment company, which means its assets are professionally managed in accordance with its stated objective and investment policies. The goal of combining capital appreciation with current income reflects a strategy that seeks both potential growth in the value of its holdings and ongoing cash distributions generated by its investments.

Advent Convertible and Income Fund invests in securities from a variety of sectors, including communications, utilities, energy, industrial and technology, among others. This sector diversification is intended to spread exposure across different parts of the market, while remaining consistent with the fund’s convertible and income orientation as described in its profile.

Key service providers and agreements

Regulatory filings show that the fund makes use of specialized third-party service providers for its day-to-day administration, accounting and custody functions. On December 15, 2025, the fund entered into a Fund Administration and Accounting Agreement with The Bank of New York Mellon (BNY). Under this agreement, BNY performs administrative functions and bookkeeping, accounting and pricing functions for the fund. For these services, BNY receives a fee that is accrued daily and paid monthly, based on the fund’s average daily net assets, subject to a minimum annual fee, and the fund reimburses BNY for certain out-of-pocket expenses.

On the same date, Advent Convertible and Income Fund entered into a Custody Agreement and a Foreign Custody Manager Agreement with BNY. Under the Custody Agreement, BNY serves as the fund’s custodian and holds securities and cash on behalf of the fund in accordance with the Investment Company Act of 1940. Under the Foreign Custody Manager Agreement, BNY provides services as foreign custody manager for the fund in connection with its role as custodian. For these custody-related services, BNY receives a monthly fee based in part on the fund’s average daily net assets, plus certain charges for securities transactions.

In connection with entering into these new agreements, the fund terminated prior arrangements. The fund ended its existing administration and accounting agreement with MUFG Investor Services (US) LLC, subject to certain ongoing transition services, and also terminated its prior custody agreement and foreign custody manager agreement with BNY. Filings indicate that, other than ordinary course payments under the prior agreements through their effective dates of termination, no termination or other fees were payable by the fund in connection with ending those earlier contracts.

Exchange listing and regulatory status

Advent Convertible and Income Fund’s common shares of beneficial interest, with a stated par value per share, are registered under Section 12(b) of the Securities Exchange Act of 1934 and trade on the New York Stock Exchange under the symbol AVK. The fund’s filings also indicate that it is not classified as an emerging growth company under the definitions in the Securities Act of 1933 and the Securities Exchange Act of 1934.

As a registered investment company, Advent Convertible and Income Fund is subject to the reporting, disclosure and governance requirements of the federal securities laws. These requirements include periodic reporting on its portfolio, financial condition, material agreements and other information that may be relevant to shareholders and market participants.

Investment focus and sector exposure

The fund’s investment profile describes a focus on achieving total return through capital appreciation and current income. To pursue this objective, it invests across sectors such as communications, utilities, energy, industrial and technology, among others. This sector mix reflects the fund’s approach to building a diversified portfolio within the framework of a convertible and income-oriented strategy.

Because Advent Convertible and Income Fund is a closed-end management investment company, its shares trade on an exchange and may trade at a premium or discount to the value of its underlying portfolio. The fund’s sector allocations, investment objective and closed-end structure are central characteristics for investors evaluating AVK as part of an income and total-return oriented strategy.

How Advent Convertible and Income Fund is used by investors

Investors who consider Advent Convertible and Income Fund typically do so through the lens of its stated objective of total return from capital appreciation and current income, its diversified sector exposure, and its status as a closed-end fund listed on the New York Stock Exchange. The fund’s regulatory filings, including descriptions of its service provider agreements and custody arrangements, provide additional context on how the fund is administered and how its assets are safeguarded.