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AI brief of an SEC Form 8-K · ADVENT CONVERTIBLE & INCOME FUND (AVK)

AVK launches rights offering for up to 11,533,627 common shares

Neutral Impact 3 of 5 financing Written later

On September 20, 2024, Advent Convertible and Income Fund (AVK) began a rights offering that gives record-date shareholders one right per common share held, with one new common share available for every three rights. The filing says the offer covers up to 11,533,627 common shares, and the subscription price is set in the prospectus, which is not included in this filing text.

Key points

  • Record date was September 20, 2024; holders receive one right for each common share owned on that date.
  • Three rights are needed to buy one new common share, and holders who own fewer than three shares may buy one full share.
  • The offer covers up to 11,533,627 common shares, with UBS Securities LLC acting as dealer manager.
  • The rights are expected to trade on the NYSE under the symbol AVK RT.

The filing

CompanyADVENT CONVERTIBLE & INCOME FUND (AVK)
Form8-K, current report
Filed with the SECSep 23, 2024, 4:07 PM ET
Accession number0001821268-24-000280

Items reported: 1.01 Material Definitive Agreement8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.