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AVK / AVK: Income Rising, But Leverage Remains Elevated

AVK: Income Rising, But Leverage Remains Elevated
Advent Convertible & Income Fund has seen an increase in income generation but also elevated leverage, making it a riskier fund. The fund's distribution rate is high, hindering appreciation on the NAV level, which causes the leverage ratio to remain elevated, too. AVK's portfolio consists primarily of exposure to convertibles and high-yield securities, but it also has a relatively smaller weighting to the tech sector. Read More
Posted: Aug 30 2023, 12:52
Author Name: Seeking Alpha
Views: 102167

AVK News  

AVK: Income Rising, But Leverage Remains Elevated

By Seeking Alpha
August 30, 2023

AVK: Income Rising, But Leverage Remains Elevated

Advent Convertible & Income Fund has seen an increase in income generation but also elevated leverage, making it a riskier fund. The fund's distributi more_horizontal

AVK: Getting Closer To A More Attractive Valuation

By Seeking Alpha
May 30, 2023

AVK: Getting Closer To A More Attractive Valuation

Advent Convertible & Income Fund's discount has widened, making it more appealing, but it remains above its longer-term average. The fund's distributi more_horizontal

CEF Insights: Convertible Securities Benefits And Opportunities In Today's Challenging Market

By Seeking Alpha
May 25, 2023

CEF Insights: Convertible Securities Benefits And Opportunities In Today's Challenging Market

Convertible securities offer attractive yields with low duration while providing investors with the ability to participate in the potential for equity more_horizontal

AVK: Discount Loosening Up

By Seeking Alpha
January 30, 2023

AVK: Discount Loosening Up

We last looked at AVK around 8 months ago when a reader asked my thoughts. Since then, the fund's discount has opened up a bit further, but it still i more_horizontal

AVK: An Interesting Fund, But Not Great Valuation

By Seeking Alpha
June 5, 2022

AVK: An Interesting Fund, But Not Great Valuation

AVK is an interesting convertible fund that also includes positions in high-yield bonds and some equities. The fund's distribution yield is an enticin more_horizontal


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