Advent Convertible and Income Fund

AVK

Market cap $547M

The Advent Convertible & Income Fund (AVK) is profiled as a high-yield investment vehicle, highlighting its income-generating potential for yield-focused investors. The article examines AVK's holdings, dividend structure, and performance metrics to assess its suitability for income portfolios. Risks, tax considerations, and valuation factors are discussed to provide a comprehensive view of AVK's investment profile.

The Advent Convertible and Income Fund offers an 11.63% yield, blending convertible securities and junk bonds for high income and moderate principal stability. AVK's distribution is well covered by investment profits, with capital gains and income exceeding payouts, and leverage at 37.07% enhances yield. The fund's sector diversification, especially lower technology exposure versus peers, provides risk mitigation amid uncertainty in tech capital spending.

NEW YORK, March 02, 2026 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

NEW YORK, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Advent Convertible & Income Fund is upgraded to Buy, offering an 11.1% yield and trading at a 4.61% discount to NAV. AVK's hybrid strategy, with 48.7% in convertibles and 41% in high-yield securities, targets high income and capital preservation. Leverage remains high at 37.7%, but declining interest rates should reduce risk and improve operating spreads for AVK.

NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

NEW YORK, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Convertible securities are hybrid bonds and stocks that have a prearranged conversion factor into common stock, but pay an interest coupon to the holder until conversion is exercised.

NEW YORK, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Advent Convertible and Income Fund offers exposure to convertibles and high-yield bonds, which have seen a strong recovery since our prior update. 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.