Form 4: Advent Convertible & Income Fund: Trustee Nancy E. Stuebe Reports Transaction

Nancy E. Stuebe, a trustee of Advent Convertible & Income Fund, reports the acquisition of 1,576 shares of common stock through a rights offering.

Summary

• Nancy E. Stuebe, a trustee of Advent Convertible & Income Fund (AVK), filed a Form 4 to report a transaction.
• On October 17, 2024, Ms. Stuebe acquired 1,576 shares of AVK common stock at a price of $11.28 per share.
• The acquisition was made through the exercise of a rights offering.
• Following the transaction, Ms. Stuebe directly owns 6,353.261 shares of AVK.
• Ms. Stuebe has granted power of attorney to Amy J. Lee, Mark E. Mathiasen, and Michael P. Megaris to file Section 16(a) statements on her behalf.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The trustee's participation in the rights offering could be viewed positively as it demonstrates confidence in the fund.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for company insiders, ensuring transparency in the market.
• The information provided is consistent with what is expected in such filings, including transaction details and beneficial ownership.

Stakeholder Impact

• The transaction may have a minor impact on shareholders by providing insight into the actions of a company insider.

Key Dates