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Posted by
Two Blokes Apr 25 -
Filed in
Stock
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Advent Convertible & Income Fund offers a high dividend yield of 13.1%, making it attractive for income investors despite recent price declines. AVK's strategy emphasizes current income over capital appreciation, with a diverse portfolio including convertible securities, high-yield securities, and equities. The fund's aggressive leverage and reliance on net realized gains pose risks, especially in a high-interest rate environment with potential defaults.
