2024-10-02 15:45:53 ET
Summary
- Advent Convertible & Income Fund has initiated a 1-for-3 transferable rights offering, with an expiration date of October 17, 2024.
- The subscription price is set at 92.5% of the average closing price over the last five days or 90% of NAV, whichever is higher.
- Main investor options are discussed.
Advent Convertible and Income Fund's ( AVK ) transferable rights offering is underway . The ex-rights date was September 20, 2024, and the expiring date is October 17, 2024. ...
Read the full article on Seeking Alpha
For further details see:
AVK: Rights Offering Quick Notes