Advent Convertible &ome Fund (Advent Convertible &ome Fund) 3-Year Book Growth Rate : -12.40% (As of Oct. 2023)

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What is Advent Convertible &ome Fund 3-Year Book Growth Rate?

Advent Convertible &ome Fund's Book Value per Share for the quarter that ended in Oct. 2023 was $10.80.

During the past 12 months, Advent Convertible &ome Fund's average Book Value per Share Growth Rate was -13.00% per year. During the past 3 years, the average Book Value per Share Growth Rate was -12.40% per year. During the past 5 years, the average Book Value per Share Growth Rate was -7.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 7 years, the highest 3-Year average Book Value per Share Growth Rate of Advent Convertible &ome Fund was 7.50% per year. The lowest was -12.40% per year. And the median was -5.95% per year.

Competitive Comparison of Advent Convertible &ome Fund's 3-Year Book Growth Rate

For the Asset Management subindustry, Advent Convertible &ome Fund's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Advent Convertible &ome Fund's 3-Year Book Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Advent Convertible &ome Fund's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Advent Convertible &ome Fund's 3-Year Book Growth Rate falls into.

Advent Convertible &ome Fund 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Advent Convertible &ome Fund (NYSE:AVK) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Advent Convertible &ome Fund 3-Year Book Growth Rate Related Terms

Thank you for viewing the detailed overview of Advent Convertible &ome Fund's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

Advent Convertible &ome Fund (Advent Convertible &ome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advent Convertible & Income Fund (NYSE:AVK) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Seventh Avenue, 31st Floor, New York, NY, USA, 10019

Website

http://www.guggenheiminvestments.com

Advent Convertible & Income 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 invests in various sectors, such as communications, utilities, energy, industrial, technology, and others.

Executives

Tracy V Maitland	officer: President, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Nancy E. Stuebe	director, other: Trustee	227 W MONROE STREET, CHICAGO IL 60606
Advent Capital Management /de/	other: Investment Manager	888 SEVENTH AVENUE, 31ST FLOOR, NEW YORK NY 10019
Stephen Ellwood	officer: CCO & Secretary	888 SEVENTH STREET, 31ST FLOOR, NEW YORK NY 10019
Olin Kathleen Capital Management	officer: CCO and Secretary	888 7TH AVENUE 31ST FLOOR, NEW YORK NY 10019
Randall C Barnes	director, other: Trustee	2455 CORPORATE WEST DRIVE, LISLE IL 60187
Gerald L Seizert	director, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Michael A Smart	other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Derek Medina	director	ABC NEWS, 47 WEST 66TH STREET, NEW YORK NY 100123
Tony Huang	officer: V.P. & Assistant Secretary	227 WEST MONROE STREET, CHICAGO IL 60606
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Daniel Black	director, other: Trustee	C/O ADVENT CAPITAL MANAGEMENT, LLC, 1065 AVENUE OF THE AMERICAS, 31ST FLOOR, NEW YORK NY 10018
Ronald Nyberg	director	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Doug Teresko	other: Managing Director	1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020