Guggenheim Investments Announces July 2025 Closed-End Fund Distributions
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
Distribution Announcement: Guggenheim Investments has declared distributions for several closed-end funds, with record and ex-dividend dates set for July 15, 2025, and payable date on July 31, 2025.
Investment Risks: The announcement highlights that past performance is not indicative of future results and emphasizes the various risks associated with investing in closed-end funds, including market risk and potential loss of investment.
Analyst Views on AVK
Wall Street analysts forecast AVK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVK is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About AVK
Advent Convertible and Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. The Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The Fund will invest at least 30% of its managed assets in convertible securities and up to 70% of its managed assets in non-convertible income securities. The Fund may invest without limitation in securities of foreign issuers. Fund invests in various sectors, such as technology, financial, communications, energy, basic materials and other. The investment advisor of the Fund is Advent Capital Management, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
