Business Context and Reporting Period
This Form 8-K is a current report filed by Advent Convertible & Income Fund (AVK) on September 18, 2024. The filing discloses a material change in the Fund's governance structure under Item 7.01 (Regulation FD Disclosure).
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
- Trustee Resignation: Derek Medina resigned from his position as a Trustee of the Fund effective September 18, 2024.
- Reason for Departure: The resignation was due to other professional commitments and was not the result of any disagreement with the Fund regarding operations, policies, or practices.
- Board Composition: Following the resignation, the Board of Trustees reduced its size from eight to seven members.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. No new risks, contingencies, or unusual items were disclosed in this report.
Key Facts for Investor Verification
- Verify the current composition of the Board of Trustees (now seven members) and any potential impact on oversight.
- Confirm that the resignation of Derek Medina was amicable and unrelated to operational disputes.
- Note that this filing does not include updated financial results; investors should refer to the most recent 10-Q or 10-K for financial data.