ADVENT CONVERTIBLE & INCOME FUND (AVK)
Managed by Advent Capital Management, LLC, the Advent Claymore Convertible Securities and Income Fund functions as a closed-ended mutual fund primarily targeting fixed income investments within the United States. It strategically allocates capital to companies operating across a variety of diversified sectors. Approximately 60% of its holdings are dedicated to convertible securities, with the remainder invested in lower-rated non-convertible income instruments. The fund's portfolio is meticulously constructed using a fundamental analysis approach. Established on April 29, 2003, this fund is officially domiciled in the United States.
Industry: Asset Management - Income
Advent Convertible and Income Fund
NYSE:AVKFinancial Services · Asset Management - Income
+1.02%$10.90
AH Close$10.90+0.00%vs close
AH Close$10.90+0.00%vs close
Mkt Cap$481.22M
Float44.03M
O/S44.15M
Inst Own28.2%
SI0.2%
Div Yield12.90%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$102.06M
Net Income$118.64M
Total Assets$952.79M
Free Cash Flow$9.85M
Debt & Equity
Debt 37%
Equity 63%
Total Debt$350.15M
Total Equity$591.02M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in AVK's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$952.79M
Liabilities$361.77M
Accounts Receivable$11.82M
Accounts Payable$10.51M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Revenue | $102.06M | $57.98M | $19.98M | $6.77M | $147.25M | $36.8M | $56.95M | -$13.35M | $60.76M | $4.51M | $26.18M | $27.73M | $27.77M | $32.07M |
| YoY Growth | 76.0% | 190.3% | 194.9% | -95.4% | 300.1% | -35.4% | -526.7% | -122.0% | 1248.5% | -82.8% | -5.6% | -0.1% | -13.4% | - |
| Cost of Revenue | $7.71M | $6.65M | $6.91M | $10.45M | $8.58M | $8.34M | $8.01M | $5.5M | $5.33M | $5.24M | $0 | $0 | $0 | $0 |
| Gross Profit | $94.35M | $51.33M | $13.07M | $27.45M | $138.67M | $28.46M | $48.94M | -$18.85M | $55.43M | -$731K | $26.18M | $27.73M | $27.77M | $32.07M |
| Gross Margin | 92.4% | 88.5% | 65.4% | 405.2% | 94.2% | 77.3% | 85.9% | 141.2% | 91.2% | -16.2% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | -$25 | $0 | $0 | $0 | -$0 | $1 | $1 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.95M | $1.99M | $1.84M | $1.67M | $2M | $1.72M | $1.68M | $1.39M | $1.03M | $1 | $6.14M | $6.42M | $6.47M | $6.95M |
| Other | -$42.58M | $5.61M | $1.65M | $1.86M | $7.57M | $7.42M | $2.01M | $1.38M | $1.39M | $23.58M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$40.63M | $7.6M | $3.49M | $3.53M | $9.57M | $9.15M | $3.69M | $2.77M | $2.42M | $16.81M | $39.47M | $14.67M | $61.16M | $299K |
| Operating Income (EBIT) | $134.98M | $123.07M | $8.59M | -$158.83M | $198.96M | $52.04M | $53.26M | -$7.39M | $63.21M | $22.86M | $20.04M | $21.31M | $21.3M | $25.12M |
| Operating Margin | 132.3% | 212.2% | 43.0% | -2344.9% | 135.1% | 141.4% | 93.5% | 55.3% | 104.0% | 507.4% | 76.5% | 76.8% | 76.7% | 78.3% |
| Interest Expense | $16.23M | $17.13M | $16.84M | $10.45M | $9.31M | $12.25M | $14.25M | $8.82M | $4.86M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $41.48M | $35.35M | $33.59M | $22.03M | $20.72M | $26.74M | $33.36M | $22.28M | $21.99M | $5.27M | $4.62M | $4.49M | $3.94M | $3.65M |
| Other Income (Expense) | -$16.34M | -$16.57M | -$15.61M | -$12.03M | -$9.4M | -$13.31M | $0 | $5.42M | $37.47M | -$16.33M | -$37.95M | -$12.74M | $63.69M | $3M |
| Income Before Tax (EBT) | $118.64M | $106.5M | -$7.02M | -$170.86M | $189.56M | $38.73M | $53.26M | -$16.21M | $58.35M | $6.53M | -$17.91M | $8.57M | $84.99M | $28.12M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $16.25M | -$161K | $63.13M | $10.88M | $0 | $0 | $0 | $3M |
| Net Income | $118.64M | $106.5M | -$7.02M | -$170.86M | $189.56M | $38.73M | $53.26M | -$16.21M | $58.35M | $10.88M | -$17.91M | $8.57M | $84.54M | $24.2M |
| Net Income Margin | 116.2% | 183.7% | -35.2% | -2522.6% | 128.7% | 105.2% | 93.5% | 121.4% | 96.0% | 241.4% | -68.4% | 30.9% | 304.4% | 75.5% |
| Supplementary Data | ||||||||||||||
| EPS | 2.69 | 2.72 | -0.19 | -4.94 | 5.49 | 1.12 | 1.54 | -0.47 | 2.55 | 0.46 | -0.76 | 0.36 | 3.59 | 1.03 |
| Diluted EPS | 2.69 | 2.72 | -0.19 | -4.94 | 5.49 | 1.12 | 1.54 | -0.47 | 2.55 | 0.46 | -0.76 | 0.36 | 3.59 | 1.03 |
| Weighted Average OS | 44.15M | 39.15M | 36.60M | 34.59M | 34.53M | 34.53M | 34.53M | 34.53M | 22.88M | 23.58M | 23.58M | 23.58M | 23.58M | 23.58M |
| EBITDA | $134.98M | $123.07M | $8.59M | -$158.83M | $198.86M | $52.04M | $30.53M | -$29.01M | $20.88M | $22.86M | $20.04M | $21.31M | $21.3M | $0 |
| EBITDA Margin | 132.3% | 212.2% | 43.0% | -2344.9% | 135.1% | 141.4% | 53.6% | 217.4% | 34.4% | 507.4% | 76.5% | 76.8% | 76.7% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $0 | $2.52M | $571K | $7K | $661K | $368K | $656K | $0 | $6K | $3.82M | $1.39M | $34K | $4.75M | $0 |
| Short-Term Investments | $44.93M | $0 | $18.58M | $0 | $0 | $0 | $0 | $0 | $0 | $35.39M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $44.93M | $2.52M | $19.15M | $7K | $661K | $368K | $656K | $0 | $6K | $39.2M | $1.39M | $34K | $4.75M | $0 |
| Accounts Receivable | $11.82M | $13.38M | $18.95M | $15.6M | $36.59M | $15.53M | $18.07M | $28.06M | $6.68M | $10.9M | $13.19M | $25.01M | $23.58M | $20.53M |
| Inventory | $0 | $0 | $38.16M | $32.31M | $75.39M | $0 | $18.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$56.75M | $1.29M | -$38.16M | -$32.32M | -$75.39M | -$15.9M | -$18.79M | $1.25M | $43K | $2.84M | $1.63M | $1.53M | $24.67M | $49K |
| Total Current Assets | $122K | $17.19M | $19.52M | $15.61M | $37.25M | $0 | $18.73M | $28.06M | $6.69M | $15.08M | $16.22M | $26.57M | $53M | $20.58M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.47M | $847.57M | $713.89M | $767.55M | $1.01B | $892.03M | $950.16M | $942.14M | $576.95M | $231.55M | $219.43M | $219.1M | $233.38M | $657.79M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $818.78M | $0 | $0 | $0 | $0 | $0 | -$942.14M | -$576.95M | $407.78M | $442.32M | $486.03M | $461.26M | -$657.79M |
| Total Long-Term Assets | $952.66M | $1.67B | $713.89M | $767.55M | $1.01B | $892.03M | $950.16M | $942.14M | $576.95M | $639.33M | $661.75M | $705.13M | $694.64M | $657.79M |
| Other Assets | $952.79M | -$819.86M | $87K | $186K | $189K | $907.77M | $250K | $541K | $23K | $154 | $0 | $0 | $0 | $48K |
| Total Assets | $952.79M | $863.68M | $733.5M | $783.34M | $1.04B | $907.77M | $969.14M | $970.74M | $583.66M | $654.41M | $677.97M | $731.7M | $747.63M | $678.41M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $10.51M | $13.49M | $10.18M | $4.31M | $21.72M | $28.21M | $16.08M | $21.47M | $2.55M | $6.77M | $9.72M | $20.31M | $15.46M | $9.05M |
| Short-Term Debt | $192.15M | $182.02M | $176.02M | $176.02M | $156.03M | $156.03M | $177.02M | $152.01M | $77M | $92M | $92M | $92M | $92M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$171.7M | -$134.31M | -$127.82M | -$160.94M | -$130.54M | -$74.45M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $11.25M | -$183.33M | -$176.71M | -$4.31M | -$21.72M | -$29.15M | -$16.95M | -$175.73M | -$80.27M | $1.08M | $927K | $532K | $2.15M | $1.31M |
| Total Current Liabilities | $203.4M | $13.49M | $10.18M | $4.31M | $21.72M | $28.21M | $16.08M | $21.47M | $2.55M | $100.89M | $103.59M | $113.63M | $110.46M | $10.36M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $158M | $132M | $349.02M | $173M | $168M | $168M | $210M | $235M | $150M | $170M | $170M | $170M | $170M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$158M | $186K | $155K | $124K | $121K | $160K | $0 | -$235M | -$150M | $0 | $823K | $42K | $1.14M | $0 |
| Total Long-Term Liabilities | $350.39M | $132.19M | $349.02M | $173.12M | $168.12M | $168.16M | $387.02M | $387.01M | $227M | $170M | $170.82M | $170.04M | $171.14M | $0 |
| Other Liabilities | $158.37M | $132.38M | $847K | $345.6M | $2.34M | $353.45M | $1.9M | $2.81M | $719K | $748 | $0 | $0 | $0 | $0 |
| Total Liabilities | $361.77M | $329.21M | $360.05M | $354.22M | $348.09M | $353.45M | $404.99M | $411.3M | $230.27M | $270.89M | $274.41M | $283.67M | $281.6M | $10.36M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $79.48M | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $0 | $0 | $262.14M |
| Common Stock | $44K | $44K | $35K | $35K | $35K | $35K | $35K | $35K | $20K | $24K | $24K | $24K | $24K | $24K |
| Retained Earnings | $57.78M | -$7.98M | -$100.14M | -$79.48M | $2.25M | $15.9M | -$10.82M | -$46.05M | -$996K | -$141.47M | -$131.3M | -$95.19M | -$85.19M | -$152.13M |
| Comprehensive Income & Other | $0 | $0 | $0 | -$79.48M | $154.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $533.19M | $542.4M | $473.55M | $508.57M | $693.04M | $538.38M | $574.93M | $605.46M | $354.36M | $524.96M | $534.83M | $543.2M | $551.2M | $819.71M |
| Total Equity | $591.02M | $534.47M | $373.45M | $429.12M | $695.32M | $554.32M | $564.15M | $559.44M | $353.39M | $383.51M | $403.55M | $448.03M | $466.03M | $667.6M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $952.79M | $863.68M | $733.5M | $783.34M | $1.04B | $907.77M | $969.14M | $970.74M | $583.66M | $654.41M | $677.97M | $731.7M | $747.63M | $677.96M |
| Supplementary Data | ||||||||||||||
| Total Debt | $350.15M | $314.02M | $349.02M | $349.02M | $324.03M | $324.03M | $387.02M | $387.01M | $227M | $262M | $262M | $262M | $262M | $0 |
| Net Debt | $350.15M | $311.5M | $348.45M | $349.01M | $323.37M | $323.66M | $386.36M | $387.01M | $226.99M | $258.18M | $260.61M | $261.97M | $257.25M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Operating Activities | ||||||||||||||
| Net Income | $118.64M | $106.5M | -$7.02M | -$170.86M | $189.56M | $38.73M | $53.26M | -$16.21M | $58.35M | $6.53M | -$17.91M | $8.57M | $84.99M | $28.12M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $1.66M | $5.53M | -$3.37M | $20.98M | -$21.05M | $2.57M | $10.2M | -$18.08M | $4.22M | $2.29M | $11.82M | -$1.44M | -$3.05M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$3.1M | $3.49M | $5.79M | -$17.64M | -$6.42M | $12.09M | -$6.59M | $18.67M | -$4.25M | -$2.96M | $0 | $0 | $0 | $0 |
| Other Working Capital | -$185K | -$19K | $123K | -$14K | -$12K | -$19K | $190K | -$293K | -$276K | $109K | -$419K | -$2.53M | $1.21M | $0 |
| Total Working Capital Change | -$1.62M | $9.01M | $2.54M | $3.32M | -$27.48M | $14.64M | $3.8M | $293K | $2.17M | -$555K | $11.4M | -$3.96M | -$1.84M | $0 |
| Other Non-Cash Items | -$107.17M | -$133.53M | $14.04M | $237.24M | -$113.22M | $57.88M | -$7.86M | $47.41M | $61.62M | $11.46M | $34.48M | $17.2M | -$54.3M | -$28.12M |
| Net Cash from Operating | $9.85M | -$18.02M | $9.55M | $69.7M | $48.85M | $111.26M | $49.21M | $31.5M | $122.14M | $16.77M | $27.97M | $21.81M | $28.86M | $0 |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$1.31B | -$1.02B | -$836.57M | -$1.5B | -$1.19B | -$1.9B | -$1.13B | -$780.84M | -$668.98M | -$617.54M | $0 | $0 | $0 | $0 |
| Sales of Investments | $1.33B | $988.76M | $876.22M | $1.55B | $1.25B | $1.94B | $1.16B | $798.79M | $774.61M | $628.66M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $14.05M | -$35.92M | $39.66M | $52.42M | $66.46M | $40.81M | $27.91M | $17.95M | $105.63M | $11.12M | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$26M | $35M | -$7K | -$5M | -$1K | $62.99M | - | - | $20M | - | - | - | -$262M | - |
| Common Stock Issuance | -$449K | $103.62M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$59.97M | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$62.09M | -$48.48M | -$48.65M | -$95.34M | -$48.56M | -$48.56M | -$48.56M | -$31.5M | -$28.5M | -$26.57M | -$26.57M | -$26.57M | -$26.71M | $0 |
| Other Financing Activities | $0 | -$170K | $0 | $0 | $0 | $0 | $0 | $0 | -$15M | $0 | -$42K | $42K | -$259.4M | $0 |
| Net Cash from Financing | -$26.54M | $19.97M | -$48.65M | -$70.36M | -$48.55M | -$111.54M | -$48.56M | -$31.5M | -$123.47M | -$26.57M | -$26.61M | -$26.53M | -$24.11M | $0 |
| Forex Effect | $123K | $1K | $0 | -$52.42M | -$66.46M | -$40.81M | -$27.91M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$2.52M | $1.95M | $564K | -$654K | $293K | -$288K | $656K | $17.94M | -$1.33M | $2.43M | $1.36M | -$4.72M | $4.75M | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $9.85M | -$18.02M | $49.21M | $69.7M | $48.85M | $111.26M | $49.21M | $31.5M | $122.14M | $16.77M | $27.97M | $21.81M | $28.86M | $0 |
| Capital Expenditure | -$5 | $0 | $0 | -$4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $9.85M | -$18.02M | $49.21M | $69.7M | $48.85M | $111.26M | $49.21M | $31.5M | $122.14M | $16.77M | $27.97M | $21.81M | $28.86M | $0 |
| Cash at Beginning | $2.52M | $571K | $7K | $661K | $368K | $656K | $17.95M | $6K | $1.34M | $1.39M | $34K | $4.75M | $0 | $0 |
| Cash at End | -$124K | $2.52M | $571K | $7K | $661K | $368K | $656K | $17.95M | $6K | $3.82M | $1.39M | $34K | $4.75M | $0 |