ADVENT CONVERTIBLE & INCOME FUND

# Advent Convertible & Income Fund

Advent Convertible & Income Fund is a closed-end fund managed by Advent Capital Management, LLC and traded on the New York Stock Exchange under ticker AVK. The fund operates in the asset management sector, specifically within fixed income mutual fund management. Launched in April 2003 and incorporated in Delaware, the fund is domiciled in the United States with headquarters in New York, NY.

The fund pursues a fixed income investment strategy focused on U.S. securities markets across diversified sectors. Its portfolio allocation targets approximately 60 percent in convertible securities, with the remainder invested in lower-grade non-convertible income securities. Investment decisions are guided by fundamental analysis methodology. This dual-focus approach aims to generate current income while providing exposure to upside equity participation through convertible securities.

As a closed-end investment fund, AVK's primary revenue stream derives from management fees charged on assets under management and investment gains. The fund operates within the broader asset management industry, which typically generates revenues through fee-based compensation structures rather than traditional operating margins. The specific asset base and employee count are not publicly disclosed separately from Advent Capital Management's consolidated operations.