Every material Form 8-K ADVENT CONVERTIBLE & INCOME FUND filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
Trustee Derek Medina resigned from the Board of Trustees of Advent Convertible and Income Fund effective September 18, 2024, citing other professional commitments. The filing states the resignation was not due to any disagreement with the Fund on its operations, policies or practices, and the board reduced its size from eight to seven members.
Derek Medina resigned as Trustee effective September 18, 2024
Resignation attributed to other professional commitments, not a disagreement with the Fund
Board of Trustees reduced from eight members to seven following the resignation
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every ADVENT CONVERTIBLE & INCOME FUND filing is on SEC EDGAR ↗. 8-K briefs of other companies →