The symbol for Advent Claymore Convertible Securities and Income Fund in the NYSE is: AVK.
Advent Claymore Convertible Securities and Income Fund (AVK)had its IPO in 2003.
The symbol for Advent Claymore Convertible Securities and Income Fund II in the NYSE is: AGC.
Advent Claymore Convertible Securities and Income Fund II (AGC)had its IPO in 2007.
As of July 2014, the market cap for Advent Claymore Convertible Securities and Income Fund (AVK) is $445,206,938.88.
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As of July 2014, the market cap for Advent Claymore Convertible Securities and Income Fund II (AGC) is $241,482,992.80.
Thomas C. Noddings has written: 'Listed call options' 'Low-risk strategies for the high-performance investor' -- subject(s): Convertible bonds 'The Dow Jones-Irwin guide to convertible securities' -- subject(s): Convertible bonds, Convertible preferred stocks, Convertible securities, Stock warrants
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A convertible debenture is a bond holding that has a certain right attached to it, usually a right to be converted over to stock if certain conditions are met. A warrant is another name for a "option" or "rights", in which a person holds a contract to either buy or sell a stock at a specific price.
The detachable warrants can be sold separately from the security. At the issue date, the conversion feature that is separate from security is accounted for separately with a value assigned to it ( APIC warrants). On exccercise date, warrant is excercised for cash and apic, no security is affected in the journal entry on exercise. Non detachable warrants must be sold with the security as a complete package. At the issue date all proceeds are allocated to bonds or securities. At exercise date, warrant is exercised against the security ( bond and premium) in proportion of the exercise quantity given. Example of non detachable warrant is convertible bonds.
Calamos is a global investment handler. They develop strategies that maximize the potential of convertible securities to generate excess returns and manage risks.