AVK ADVENT CONVERTIBLE & INCOME FUND Insider Trading

Director Stuebe Nancy E. buys 600 shares of AVK at $11.21; pre-transaction 7,305 shares, post 7,905 shares (+8.2%). Prior 3 of 4 AVK buys well-timed at 90-day mark.

Stuebe purchased 600 shares at $11.21 on 2025-05-01, increasing her holdings by 8.2% to 7,905 shares. This buy occurs in the context of a strong track record at the same ticker: 3 of her 4 prior AVK purchases (2024-10-17, 2024-05-02, 2023-11-08) were followed by positive 90-day returns ranging from +6.8% to +15.1%. Her cross-ticker track record shows a 71.43% 90-day win rate across 8 open-market buys. The current price of $11.18 is -13.0% from the 52-week high and -2.4% over 30 days, positioning this purchase near recent lows within the 52-week range of $10.01–$12.85. Stuebe's consistent repurchasing pattern at this fund and historical timing accuracy at the same ticker provide observable context for evaluating the purchase's significance.

Director Nancy E. Stuebe buys 500 AVK shares at $12.28, raising holdings to 7,092 shares; 3 of 5 prior AVK buys showed positive 90d returns.

Nancy E. Stuebe, a director, purchased 500 shares of ADVENT CONVERTIBLE & INCOME FUND at $12.28, increasing her position by 7.6% to 7,092 shares. Her prior trading history at AVK shows a selective pattern of well-timed accumulation: 3 of 5 prior buys at this ticker subsequently returned +3.1% to +15.1% over 90 days, though 2 prior buys resulted in negative 90-day returns (-0.4% and -3.6%). The current price of $12.29 is near the transaction price and sits 4.4% below the 52-week high, suggesting a moderately valued entry point within recent historical context. The director's cross-ticker track record shows a 71.43% 90-day win rate across all holdings, indicating consistent but not exceptional timing discipline; this AVK purchase aligns with her pattern of periodic accumulation in the fund.

Trustee Nyberg buys 3,671 shares of AVK at $11.28; 6 other insiders also bought within 14 days

NYBERG RONALD purchased 3,671 shares at $11.28 on 2024-10-17, increasing his holdings by 33.4% from 10,986 shares to 14,657 shares. This transaction occurs within a cluster pattern: 6 other insiders have also bought AVK within the past 14 days, suggesting coordinated or consensus-driven activity among the company's insiders. The fund is currently trading at $11.40, only $0.12 above the transaction price, while the stock sits 11.3% below its 52-week high and down 9.1% over 90 days. The synchronized buying across multiple insiders may indicate an assessment of value at current levels, though the recent downward price trajectory warrants attention to the fund's underlying drivers.

Director Barnes buys 3,785 shares of AVK at $11.28; cluster pattern shows 6 other insiders bought within 14 days

Director Randall C Barnes purchased 3,785 shares at $11.28, increasing his holdings from 11,355 shares to 15,140 shares (+33.3% net change). The purchase occurs within a cluster pattern in which 6 other insiders also bought within the past 14 days, suggesting coordinated conviction across the insider group rather than an isolated transaction. Barnes' cross-ticker track record shows an average 90-day return of +2.4% on prior buys with a 76.47% win rate, providing context for his history of timing accumulations. The stock currently trades at $11.40, only marginally above the transaction price, and sits -11.3% from its 52-week high, which may reflect the recent -9.1% decline over the past 90 days.

CEO MAITLAND TRACY V bought 13,179 shares at $11.28 (totaling $148,659.12) in two transactions; 6 other insiders also bought within 14 days.

MAITLAND TRACY V, as Chairman, President & CEO of Advent Convertible & Income Fund, executed 2 separate purchases totaling 13,179 shares for $148,659.12 at $11.28 on 2024-10-17. The timing is notable: the stock is trading at $11.40, down 11.3% from its 52-week high of $12.85 and down 9.1% over the past 90 days. What distinguishes this transaction is the cluster pattern—6 other insiders also purchased within the past 14 days, indicating coordinated insider buying activity. While the CEO's prior open-market sales (3 prior sells across his cross-ticker track record) have achieved a 90-day well-timed rate of 100.00%, his same-ticker history at AVK shows 3 prior sales with an average 90-day return of -14.0%, suggesting a pattern of selling before declines. This current buy occurs at depressed relative levels and alongside broader insider accumulation, which warrants investor attention to whether this signals confidence in the fund's value or reflects other considerations.

Director Nancy E. Stuebe bought 1,576 shares of AVK at $11.28; cluster buy pattern with 6 other insiders in past 14 days

Director Nancy E. Stuebe purchased 1,576 shares on 2024-10-17 at $11.28, increasing her holdings by 33.0% to 6,353 shares. This transaction occurs within a broader insider cluster: 6 other insiders bought AVK within the past 14 days, a coordinated buying pattern that typically indicates conviction at the fund level. Stuebe's prior buy history at AVK shows mixed timing: 3 of her 5 prior trades at this ticker were well-timed at the 90-day mark, with her most recent May 2024 purchase returning +1.7% in 30 days and +9.7% in 90 days. The current price of $11.40 is -11.3% from the 52-week high and has declined 3.5% in the past 30 days, but her historical pattern at this ticker (particularly the May and November 2023 purchases that returned +9.7% and +15.1% respectively over 90 days) suggests she may view price weakness as an entry opportunity consistent with prior successful positions.

Director SEIZERT bought 1,227 shares at $11.28 for $13,840.56; 6 other insiders also bought within 14 days, signaling cluster activity.

Director Gerald L Seizert completed 6 separate purchases totaling 1,227 shares (1.2K shares) for $13,840.56 at $11.28 per share on 2024-10-17, expanding his post-transaction holdings to 6,116 shares from 4,889 shares (+25.1%). The transaction occurred as the stock trades at $11.40, down 11.3% from its 52-week high of $12.85 and declining 9.1% over the past 90 days. Most notably, 6 other insiders also purchased shares within the past 14 days, establishing a clear cluster buy pattern. The coordinated activity across multiple directors within a tight window at depressed price levels relative to recent range suggests aligned positioning, though the near-term price momentum remains negative.

Director Daniel Black purchased 1,000 shares of AVK at $11.28; 6 other insiders bought within 14 days

Director Black purchased 1,000 shares of Advent Convertible & Income Fund (AVK) at $11.28 on 2024-10-17, increasing his holdings from 21.0K shares to 22.0K shares (+4.8% net change). This purchase occurs within a cluster pattern: 6 other insiders also bought within the past 14 days, suggesting coordinated accumulation during a period of price pressure. The stock is trading at $11.42 (current), down -11.1% from its 52-week high of $12.85 and down -5.3% over the prior 30 days, indicating Black's purchase occurred after recent weakness. The clustering of director purchases during a drawdown in a closed-end fund warrant examination of whether insiders view the current discount as compelling relative to the fund's distribution characteristics and NAV.

V.P. Tony Huang buys 2,300 shares of AVK at $11.28; 6 other insiders also bought within 14 days

Huang Tony, V.P. & Assistant Secretary, purchased 2,300 shares at $11.28 on 2024-10-17, increasing his holdings by 32.4% from 7,100 to 9,400 shares and deploying $25,944.00 in capital. The purchase occurred while the stock trades at $11.42 (current), down 11.1% from its 52-week high of $12.85 and down 10.0% over the past 90 days. Notably, a cluster of 6 other insiders also purchased shares within the same 14-day window, indicating coordinated insider accumulation at depressed valuations relative to recent historical levels. This synchronized buying pattern among multiple insiders may reflect a shared assessment of value at current market prices.