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Advent Convertible and Income Fund ( (AVK) ) has shared an update.
On December 15, 2025, Advent Convertible and Income Fund entered into a new Fund Administration and Accounting Agreement with The Bank of New York Mellon, under which BNY will provide administrative, bookkeeping, accounting and pricing services in return for asset-based fees and reimbursement of certain expenses. On the same date, the fund also signed updated Custody and Foreign Custody Manager Agreements with BNY—replacing prior arrangements dating back to 2003—under which BNY will continue to act as custodian for the fund’s securities and cash and provide foreign custody services for monthly, asset-based fees and transaction charges. Concurrently, the fund terminated its prior administration and accounting agreement with MUFG Investor Services (US) LLC, as well as its prior custody and foreign custody agreements with BNY, with no termination or other penalty fees due beyond ordinary course payments, signaling a restructuring and consolidation of its core operational and servicing relationships.
More about Advent Convertible and Income Fund
Advent Convertible and Income Fund (NYSE: AVK) is a closed-end investment fund focused on generating income and total return, primarily through investments in convertible securities and other income-producing instruments in public markets.
Average Trading Volume: 154,632
Learn more about AVK stock on TipRanks’ Stock Analysis page.