Form 4: Advent Convertible & Income Fund: Director Stuebe Acquires Additional Shares

Director Nancy E. Stuebe reports the acquisition of 500 shares of Advent Convertible & Income Fund (AVK) at a price of $12.2839 per share on February 14, 2025.

Summary

• On February 14, 2025, Nancy E. Stuebe, a director and trustee of Advent Convertible & Income Fund (AVK), purchased 500 shares of common stock.
• The shares were acquired at a price of $12.2839 per share.
• Following the transaction, Stuebe directly owns 7,092.673 shares of AVK common stock.
• The transaction was reported on a Form 4 filing with the SEC.
• Stuebe has a power of attorney designating Amy J. Lee, Mark E. Mathiasen, and Michael P. Megaris to act on her behalf for Section 16(a) filings.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's purchase is a positive sign, but it's a relatively small transaction. The filing itself is a routine regulatory requirement.

Positives

• The director's purchase could be interpreted as a positive signal, indicating confidence in the company's prospects.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future performance. Purchases are generally seen as a positive sign.

Stakeholder Impact

• The director's purchase could have a slightly positive impact on shareholder sentiment.

Key Dates