AVK Declares Monthly Dividend for November.LISLE, Ill. -- Advent Claymore Convertible Securities (NYSE NYSE See: New York Stock Exchange :AVK AVK Application Verification Kit (Java) AVK Audio Video Kernel ) and Income Fund today declared its monthly dividend of $0.1718 per share. This represents a distribution rate of 8.73% based upon the closing market price of $23.62 on October 31, 2005. Dividends will be paid on November 30, 2005 to shareholders of record as of November 15, 2005. The ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. will be November 10, 2005. Advent Capital Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control serves as the Fund's Investment Adviser. Based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York, Advent is a credit-oriented firm specializing in the management of convertible, high-yield and equity securities and the implementation of covered call Covered Call Having a long position in an asset combined with a short position in a call option on the same underlying asset. Notes: This is considered to be one of the safest option positions. and hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" strategies. The firm manages assets for several FORTUNE 500 companies, foundations, endowments, public pension plans, insurance companies and another closed-end fund, the Advent/Claymore Enhanced Growth & Income Fund (NYSE:LCM (Liquid Crystal Monitor) A flat panel display that uses the liquid crystal (LCD) technology. See flat panel display. ). Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing or distribution on approximately $12.5 billion in assets through closed-end funds, unit investment trusts, mutual funds and separately managed accounts. Additional information on Claymore's closed-end funds is available at www.claymore.com/products/CEFs.aspx. This information does not represent an offer to sell securities of the Fund and it is not soliciting an offer to buy securities of the Fund. There can be no assurance that the Fund will achieve its investment objectives. The net asset value of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in the Fund is subject to certain risks and other considerations. Such risks and considerations include, but are not limited to: Investment and Market Risk, Convertible and Synthetic Convertible Securities Risk, High-Yield Securities Risk, Foreign Securities Risks, Derivatives Risk, Interest Rate Risk, Leverage Risk, Anti-Takeover Provisions, Market Disruption Risk and Illiquidity Risk. Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Fund carefully before they invest. For this and more information, please contact a securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999. |
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