Advent Convertible and Income Fund Files 8-K

TL;DR

AVK filed an 8-K on 9/23 for a material definitive agreement.

AI Summary

Advent Convertible and Income Fund announced on September 23, 2024, that it entered into a material definitive agreement. The filing also includes other events and financial statements and exhibits. The company's principal executive offices are located at 888 Seventh Avenue, 31st Floor, New York, NY 10019.

Why It Matters

This 8-K filing indicates a significant event for Advent Convertible and Income Fund, likely related to a new agreement that could impact its operations or financial structure.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or alter existing ones for a company.

Key Players & Entities

• Advent Convertible and Income Fund (company) — Registrant
• September 23, 2024 (date) — Date of Report
• September 20, 2024 (date) — Earliest Event Reported
• 888 Seventh Avenue, 31st Floor, New York, NY 10019 (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — hares of beneficial interest, par value $0.001 per share (the "Common Shares"), of the

Filing Documents

• gug88057avk8k.htm (8-K) — 32KB
• ex11.htm (EX-99) — 229KB
• ex51.htm (EX-99) — 23KB
• ex101.htm (EX-99) — 44KB
• ex102.htm (EX-99) — 42KB
• ex991.htm (EX-99) — 20KB
• ex992.htm (EX-99) — 9KB
• ex9922.htm (EX-99) — 14KB
• ex992image.gif (GRAPHIC) — 9KB
• 0001821268-24-000280.txt ( ) — 596KB
• avk-20240920.xsd (EX-101.SCH) — 3KB
• avk-20240920_lab.xml (EX-101.LAB) — 33KB
• avk-20240920_pre.xml (EX-101.PRE) — 22KB
• gug88057avk8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On September 20, 2024, Advent Convertible and Income Fund (the "Fund") entered into a dealer manager agreement (the "Dealer Manager Agreement") by and among the Fund, Advent Capital Management, LLC and UBS Securities LLC in connection with the issuance by the Fund to the holders of record (the "Record Date Shareholders") at the close of business on September 20, 2024 (the "Record Date") transferable rights (each a "Right" and, collectively, the "Rights") entitling such Record Date Shareholders to subscribe for up to 11,533,627 common shares of beneficial interest, par value $0.001 per share (the "Common Shares"), of the Fund (the "Offer"). The Record Date Shareholders will receive one Right for each outstanding Common Share owned on the Record Date. The Rights entitle the holders to purchase one new Common Share for every three Rights held (1 for 3). Record Date Shareholders who fully exercise their Rights will be entitled to subscribe, subject to certain limitations and subject to allotment, for additional Common Shares covered by any unexercised Rights. Any Record Date Shareholder who owns fewer than three Common Shares as of the close of business on the Record Date is entitled to subscribe for one full Common Share in the Offer. The Offer is being made pursuant a prospectus supplement, dated September 20, 2024, and the accompanying prospectus, dated September 12, 2024, each of which constitute part of the Fund's effective shelf registration statement on Form N-2 (File No. 333-280964) previously filed with the Securities and Exchange Commission (the "Registration Statement"). The foregoing description of the Dealer Manager Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Dealer Manager Agreement filed with this report as Exhibit 1.1 and incorporated herein by reference. In connection with the Offer, the Fund entered into a Subscription Agent A

01 Other Events

Item 8.01 Other Events. On September 20, 2024, the Fund commenced the Offer pursuant to the Registration Statement. A copy of the opinion of Skadden, Arps, Slate, Meagher & Flom LLP relating to the legality of the Offer is filed as Exhibit 5.1 to this report. The Fund incorporates by reference the exhibits filed herewith into the Registration Statement.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 1.1 Dealer Manager Agreement, dated September 20, 2024 5.1 Opinion of Skadden, Arps, Slate, Meagher & Flom LLP 10.1 Subscription Agent Agreement, dated September 10, 2024 10.2 Information Agent Agreement, dated September 10, 2024 23.1 Consent of Skadden, Ars, Slate, Meagher & Flom LLP (included in Exhibit 5.1) 99.1 Form of Notice of Guaranteed Delivery for Rights Offering 99.2 Form of Subscription Certificate for Rights Offering 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ADVENT CONVERTIBLE AND INCOME FUND Date: September 23, 2024 By: /s/Tony Huang Name: Tony Huang Title: Vice President and Assistant Secretary

View Full Filing

View this 8-K filing on SEC EDGAR