Convertible bonds are, customarily, fixed rate debt instruments issued by a company (the “issuer”), the terms of which allow the holders of the bonds to convert them into ordinary shares (common stock ...

Convertible bonds and convertible stocks are a tool that public companies often use for large financings to avoid disturbing their equity cap tables. Warren Buffett’s Berkshire Hathaway has been a big ...

The Advent Convertible and Income Fund (AVK) is a closed-end fund that aims to provide its investors with a high level of total return. As is the case with most closed-end funds, however, it primarily ...