Two Advent Claymore convertible funds to redeem eight series of AMPS

By Marisa Wong

Madison, Wis., May 10 - Advent Claymore Convertible Securities and Income Fund and Advent Claymore Convertible Securities and Income Fund II plan to redeem certain series of their auction market preferred shares, according to Securities and Exchange Commission notices.

Advent Claymore will redeem

• All $625,000 of series M7 AMPS on June 18;

• All $50,000 of series T28 AMPS on June 26;

• All $750,000 of series W7 AMPS on June 13;

• All $25,000 of series W-28 AMPS on June 13;

• All $50,000 of series Th-28 AMPS on June 14; and

• All $75,000 of series F-7 AMPS on June 17.

Advent Claymore II will redeem all $250,000 of its series T-7 AMPS on June 19 and all $350,000 of its series W-7 AMPS on June 20.

New York-based Advent Capital Management, LLC serves as the investment manager to both funds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.