other material
confidence high
sentiment neutral
materiality 0.65
AVK launches rights offering: 1-for-3 subscription for up to 11.5M shares
ADVENT CONVERTIBLE & INCOME FUND
- Rights offering: holders receive 1 right per share held; 3 rights buy 1 new share.
- Record date: September 20, 2024; up to 11,533,627 common shares issuable.
- Rights expected to trade on NYSE under symbol "AVK RT".
- UBS Securities LLC appointed as dealer manager; agreements with Equiniti Trust and EQ Fund Solutions.