<SEC-DOCUMENT>0001821268-20-000166.txt : 20201231
<SEC-HEADER>0001821268-20-000166.hdr.sgml : 20201231
<ACCEPTANCE-DATETIME>20201231160822
ACCESSION NUMBER:		0001821268-20-000166
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		10
CONFORMED PERIOD OF REPORT:	20201031
FILED AS OF DATE:		20201231
DATE AS OF CHANGE:		20201231
EFFECTIVENESS DATE:		20201231

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADVENT CONVERTIBLE & INCOME FUND
		CENTRAL INDEX KEY:			0001219120
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21309
		FILM NUMBER:		201428934

	BUSINESS ADDRESS:	
		STREET 1:		227 W. MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		312-827-0100

	MAIL ADDRESS:	
		STREET 1:		227 W. MONROE STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ADVENT CLAYMORE CONVERTIBLE SECURITIES & INCOME FUND
		DATE OF NAME CHANGE:	20030219
</SEC-HEADER>
<DOCUMENT>
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<DESCRIPTION>AVK
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      <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman';">UNITED STATES<br>
        SECURITIES AND EXCHANGE COMMISSION<br>
        Washington, D.C. 20549</div>
      <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">FORM N-CSR</div>
      <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES</div>
      <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman';">Investment Company Act file number <u>811-21309</u></div>
      <div style="text-align: center; font-family: 'Times New Roman';"><u>Advent Convertible and Income Fund</u><br>
        (Exact name of registrant as specified in charter)</div>
      <div style="text-align: center; font-family: 'Times New Roman';"><br>
        <br>
        <u>888 Seventh Ave, 31st Floor, New York, NY 10019</u><br>
        (Address of principal executive offices) (Zip code)</div>
      <div><br>
      </div>
      <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman';">Robert White, Treasurer<u></u></div>
      <div style="margin: 0px 0px 0px; text-align: center;"><font style="font-family: 'Times New Roman';"><u>888 Seventh Ave, 31st Floor, New York, NY 10019</u></font><font style="font-family: 'Times New Roman';"></font></div>
      <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman';">(Name and address of agent for service)<br>
      </div>
      <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman';">Registrant&#8217;s telephone number, including area code: <u>(212) 482-1600</u></div>
      <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman';">Date of fiscal year end: <u>October 31</u></div>
      <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman';">Date of reporting period: <u>November 1, 2019 - October 31, 2020</u></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Item 1.&#160; Reports to Stockholders.</div>
      <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">The registrant&#8217;s annual report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended (the &#8220;Investment Company Act&#8221;), is as follows:</div>
    </div>
    <div>
      <div><img src="avk-8foredgarx1x1.jpg"></div>
      <br>
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      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <div style="margin-bottom: 6pt; font-size: 18pt;">GUGGENHEIMINVESTMENTS.COM/AVK</div>
      <div style="margin-bottom: 6pt; font-size: 14pt;">...YOUR BRIDGE TO THE LATEST, MOST UP-TO-DATE INFORMATION ABOUT THE ADVENT</div>
      <div style="margin-bottom: 6pt; font-size: 14pt;">CONVERTIBLE AND INCOME FUND</div>
      <div style="margin-bottom: 6pt;">The shareholder report you are reading right now is just the beginning of the story.</div>
      <div style="margin-bottom: 6pt;">Online at <font style="font-weight: bold;">guggenheiminvestments.com/avk</font>, you will find:</div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z716209e4276d419ba93f9c8efd916b31" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;">

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              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; margin-bottom: 6pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="margin-bottom: 6pt;">Daily, weekly and monthly data on share prices, net asset values, dividends and more</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z6473604a16f24cfe847d2a880bde0030" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;">

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                <div style="margin-left: 18pt; margin-bottom: 6pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="margin-bottom: 6pt;">Portfolio overviews and performance analyses</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z0708ad9ca7a648528355e8e2f85881e5" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;">

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                <div style="margin-left: 18pt; margin-bottom: 6pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="margin-bottom: 6pt;">Announcements, press releases and special notices</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zc27c23d7f0b64d69922ed2258a8a6243" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;">

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                <div style="margin-left: 18pt; margin-bottom: 6pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="margin-bottom: 6pt;">Fund and adviser contact information</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="margin-bottom: 6pt;">Advent Capital Management and Guggenheim Investments are continually updating and expanding shareholder information services on the Fund&#8217;s website in an ongoing effort to provide you with the most current information
        about how your Fund&#8217;s assets are managed and the results of our efforts. It is just one more small way we are working to keep you better informed about your investment in the Fund.</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zcef1460d6d9540a6b8fa68f17498a5e7" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 49.51%; vertical-align: middle;">&#160;</td>
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            <td style="width: 50.49%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">(Unaudited)</font>&#160;</div>
            </td>
            <td style="width: 49.51%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">DEAR SHAREHOLDER</div>
      <div style="margin-bottom: 6pt;"><img src="avk-8foredgarx3x1.jpg"></div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Tracy V. Maitland</font><br>
        <font style="font-style: italic;">President and Chief Executive Officer</font></div>
      <div style="margin-bottom: 6pt;">Fiscal 2020 was an eventful one for global securities markets. A new respiratory disease spreading from person-to-person and caused by a novel coronavirus was first identified in Wuhan, China in December 2019. The
        disease has been named coronavirus disease 2019 (&#8220;COVID-19&#8221;) or the coronavirus and has since spread world-wide. The rapid and uncontrolled spread of COVID-19 initially overwhelmed existing healthcare infrastructure in many locations around the
        globe which prompted governmental responses and economic shutdowns of unprecedented scale. Early on, it was anticipated that the pandemic would result in a significant and prolonged reduction in global economic activity. However, shifts in commerce
        to electronic communications and workflows have led to greater growth in certain segments tied to online work, online commerce, and electronics enabling such activities. Combined with lower interest rates achieved by monetary programs, this has led
        certain growth sectors to lead the economic recovery in the months since. As the fiscal year closed, promising early vaccine trial data helped markets gain further growth and both U.S. and global equity markets exceeded pre-pandemic highs.</div>
      <div style="margin-bottom: 6pt;">We thank you for your investment in the Advent Convertible and Income Fund (the &#8220;Fund&#8221; or &#8220;AVK&#8221;). This report covers the Fund&#8217;s performance for the fiscal year ended October 31, 2020.</div>
      <div style="margin-bottom: 6pt;">Advent Capital Management, LLC (&#8220;Advent&#8221; or the &#8220;Investment Adviser&#8221;) serves as the Fund&#8217;s Investment Adviser. Based in New York, New York, with additional investment personnel in London, England, Advent is a
        credit-oriented firm specializing in the management of global convertible, high-yield and equity securities across three lines of business&#8212;long-only strategies, hedge funds and closed-end funds. As of October 31, 2020, Advent managed approximately
        $9.9 billion in assets.</div>
      <div style="margin-bottom: 6pt;">Guggenheim Funds Distributors, LLC (the &#8220;Servicing Agent&#8221;) serves as the servicing agent to the Fund. The Servicing Agent is an affiliate of Guggenheim Partners, LLC, a global diversified financial services firm.</div>
      <div style="margin-bottom: 6pt;">The Fund&#8217;s investment objective is to provide total return through a combination of capital appreciation and current income. Under normal market conditions, the Fund invests at least 80% of its managed assets in a
        diversified portfolio of convertible securities and non-convertible income securities. Under normal market conditions, the Fund will invest at least 30% of its managed assets in convertible securities and may invest up to 70% of its managed assets
        in non-convertible income securities. The Fund may invest without limitation in foreign securities. The Fund also uses a strategy of writing (selling) covered call options on up to 25% of the securities held in the portfolio, thus generating option
        writing premiums.</div>
      <div style="margin-bottom: 6pt;">All AVK returns cited&#8212;whether based on net asset value (&#8220;NAV&#8221;) or market price&#8212;assume the reinvestment of all distributions. For the 12-month period ended October 31, 2020, the Fund generated a total return based on
        market price of 2.05% and a total return of 7.66% based on NAV.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
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      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z64300886dc854e86bacf9ab2dfffc106" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 69.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">DEAR SHAREHOLDER (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 30.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
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      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">As of October 31, 2020, the Fund&#8217;s market price of $13.62 represented a discount of 15.19% to NAV of $16.06.</div>
      <div style="margin-bottom: 6pt;">Past performance is not a guarantee of future results. All NAV returns include the deduction of management fees, operating expenses, and all other Fund expenses. The market price of the Fund&#8217;s shares fluctuates from
        time to time, and may be higher or lower than the Fund&#8217;s NAV.</div>
      <div style="margin-bottom: 6pt;">The Fund paid a distribution each month of the annual period. The most recent monthly distribution of $0.1172, paid on October 30, 2020, represents an annualized distribution rate of 10.33% based upon the last closing
        market price of $13.62 on October 31, 2020.</div>
      <div style="margin-bottom: 6pt;">There is no guarantee of any future distribution or that the current returns and distribution rate will be maintained. The Fund&#8217;s distribution rate is not constant and the amount of distributions, when declared by the
        Fund&#8217;s Board of Trustees, is subject to change based on the performance of the Fund. Please see the Questions and Answers on page 5 for more information on distributions for the period.</div>
      <div style="margin-bottom: 6pt;">We encourage shareholders to consider the opportunity to reinvest their distributions from the Fund through the Dividend Reinvestment Plan (&#8220;DRIP&#8221;), which is described in detail on page 79 of this report. When shares
        trade at a discount to NAV, the DRIP takes advantage of the discount by reinvesting the monthly dividend distribution in common shares of the Fund purchased in the market at a price less than NAV. Conversely, when the market price of the Fund&#8217;s
        common shares is at a premium above NAV, the DRIP reinvests participants&#8217; dividends in newly issued common shares at the greater of NAV per share or 95% of the market price per share. The DRIP provides a cost-effective means to accumulate
        additional shares and enjoy the benefits of compounding returns over time.</div>
      <div style="margin-bottom: 6pt;">The Fund is managed by a team of experienced and seasoned professionals led by myself in my capacity as Chief Investment Officer (as well as President and Founder) of Advent Capital Management, LLC. We encourage you
        to read the following Questions &amp; Answers section, which provides additional information regarding the factors that influenced the Fund&#8217;s performance.</div>
      <div style="margin-bottom: 6pt;">We thank you for your investment in the Fund and we are honored that you have chosen the Advent Convertible and Income Fund as part of your investment portfolio. For the most up-to-date information regarding your
        investment, including related investment risks, please visit the Fund&#8217;s website at guggenheiminvestments.com/avk.</div>
      <div style="margin-bottom: 6pt;">Sincerely,<br>
      </div>
      <div style="margin-bottom: 6pt;"><img src="avk-8foredgarx4x1.jpg"></div>
      <div style="margin-bottom: 6pt;">Tracy V. Maitland<br>
        <font style="font-style: italic;">President and Chief Executive Officer of the<br>
          Advent Convertible and Income Fund</font><br>
        November 30, 2020</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL
          REPORT</sup></div>
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      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z76ac201ada494365ace63890f609d0f5" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 33.35%; vertical-align: middle;">&#160;</td>
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          <tr>
            <td style="width: 66.65%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">QUESTIONS &amp; ANSWERS (Unaudited)</font>&#160;</div>
            </td>
            <td style="width: 33.35%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">The individuals who are primarily responsible for the day-to-day management of the portfolio (the &#8220;Portfolio Managers&#8221;) of Advent Convertible and Income Fund (the &#8220;Fund&#8221; or &#8220;AVK&#8221;) include Tracy
        Maitland (President and Chief Investment Officer of Advent), Paul Latronica (Managing Director of Advent) and Tony Huang (Director of Advent). Mr. Maitland and Mr. Latronica are portfolio managers and Mr. Huang is an associate portfolio manager.
        The Portfolio Managers are supported by teams of investment professionals who make investment decisions for the Fund&#8217;s core portfolios of convertible bonds, the Fund&#8217;s high yield securities investments and the Fund&#8217;s leverage allocation,
        respectively. In the following interview, the management team discusses the convertible securities and high yield markets and Fund performance for the fiscal year ended October 31, 2020.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Please describe the Fund&#8217;s objective and management strategies.</div>
      <div style="margin-bottom: 6pt;">The Fund&#8217;s investment objective is to provide total return through a combination of capital appreciation and current income. Under normal market conditions, the Fund invests at least 80% of its managed assets in a
        diversified portfolio of convertible securities and non-convertible income producing securities. Under normal market conditions, the Fund must invest at least 30% of its managed assets in convertible securities and may invest up to 70% of its
        managed assets in non-convertible income securities. The Fund may invest without limitation in foreign securities.</div>
      <div style="margin-bottom: 6pt;">The Fund also uses a strategy of writing (selling) covered call options on up to 25% of the securities held in the portfolio. The objective of this strategy is to generate current gains from option premiums to enhance
        distributions payable to the holders of common shares. In addition, the Fund may invest in other derivatives, such as options purchased and written, forward foreign currency exchange contracts, futures contracts and swap agreements.</div>
      <div style="margin-bottom: 6pt;">The Fund uses financial leverage to finance the purchase of additional securities. Although financial leverage may create an opportunity for increased return for shareholders, it also results in additional risks and
        can magnify the effect of any losses. There is no assurance that the strategy will be successful. If income and gains earned on securities purchased with the financial leverage proceeds are greater than the cost of the financial leverage,
        shareholders&#8217; return will be greater than if financial leverage had not been used. Conversely, if the income or gains from the securities purchased with the proceeds of financial leverage are less than the cost of the financial leverage,
        shareholders&#8217; return will be less than if financial leverage had not been used.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Discuss Advent&#8217;s investment approach.</div>
      <div style="margin-bottom: 6pt;">Advent&#8217;s approach involves core portfolios of convertible bonds that are managed, subject to the Fund&#8217;s investment policies and restrictions, in a manner similar to that of Advent&#8217;s Balanced Convertible Strategy and
        Global Balanced Convertible Strategy, which seek high total returns by investing in a portfolio of U.S. dollar convertible securities and global convertible securities, respectively, that provide equity-like returns while seeking to limit downside
        risk.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup></div>
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      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z2eab4e7b744844bfb77333bc6ec1d367" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 27.28%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 72.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">QUESTIONS &amp; ANSWERS (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 27.28%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">These core portfolios are supplemented by investments in high yield securities selected in a manner similar to that of Advent&#8217;s High Yield Strategy, which seeks income and total return by investing primarily in high
        yielding corporate credit using fundamental and relative value analysis to identify undervalued securities.</div>
      <div style="margin-bottom: 6pt;">Advent uses a separate portion of the Fund&#8217;s portfolio to increase or decrease relative overall exposure to convertible securities, high yield securities and equities. This portion of the Fund&#8217;s portfolio incorporates
        leverage and operates as an asset-allocation tool reflecting Advent&#8217;s conservative management philosophy and its views on the relative value of these three asset classes under changing market conditions.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Please describe the economic and market environment over the last 12 months.</div>
      <div style="margin-bottom: 6pt;">Fiscal 2020 was an eventful one for global securities markets to say the least. After a calm first fiscal quarter ended January 2020 that showed a continuation of the prior three-year bull market, much of the global
        economy ground to a temporary halt in the second fiscal quarter as the coronavirus spread across the world. Weeks-long shutdowns and shelter orders first in China then in Western nations became common place as health and governmental authorities
        struggled to control virus spread and develop medical countermeasures.</div>
      <div style="margin-bottom: 6pt;">As the second calendar quarter progressed, fiscal and monetary authorities swung into action with mitigation measures such as enhanced unemployment programs from governments and strong commitments of securities
        purchases and loans made by central banks. The sense of panic in financial markets that had led to illiquidity and plunging prices was allayed by the positive effects of shutdowns, a spring peak in cases, and government actions.</div>
      <div style="margin-bottom: 6pt;">Shifts in commerce and workflows forced by the coronavirus have led to greater growth in certain segments tied to online work, online commerce, and electronics enabling such. Combined with lower interest rates
        achieved by monetary programs, this has led certain growth sectors to lead the recovery in the months since. Other traditional measures such as industrial production saw a sharp rebound in the third calendar quarter with some pullback, especially
        in European countries, entering the fall as the virus began spreading again.</div>
      <div style="margin-bottom: 6pt;">As the fiscal year closed, promising early vaccine trial data helped markets gain further and both U.S. and global equity markets exceeded pre-coronavirus highs. However, corporate credit spreads were not yet in the
        same comparative state.</div>
      <div style="margin-bottom: 6pt;">Looking ahead to 2021, considerable expectation of a move back to a normalized global economy may be priced in as of this writing. More stimulus by a new U.S. administration, further moves by the European Central
        Bank, and an established path to normalcy in many Asian nations provide reasons to be optimistic. The potential for slower-than-expected vaccine distribution or resumption of office operations or travel is there and promises to keep equity
        volatility high over the intermediate-term.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL
          REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z1635b6450d3a40ffa78dfcd9aacdd073" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 27.28%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 72.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">QUESTIONS &amp; ANSWERS (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 27.28%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">How did the Fund perform in this environment?</div>
      <div style="margin-bottom: 6pt;">All AVK returns cited&#8212;whether based on net asset value (&#8220;NAV&#8221;) or market price&#8212;assume the reinvestment of all distributions. For the 12-month period ended October 31, 2020, the Fund generated a total return based on
        market price of 2.05% and a total return of 7.66% based on NAV. As of October 31, 2020, the Fund&#8217;s market price of $13.62 represented a discount of 15.19% to NAV of $16.06. As of October 31, 2019, the Fund&#8217;s market price of $14.79 represented a
        discount of 9.49% to NAV of $16.34.</div>
      <div style="margin-bottom: 6pt;">Past performance is not a guarantee of future results. All NAV returns include the deduction of management fees, operating expenses, and all other Fund expenses. The market price of the Fund&#8217;s shares fluctuates from
        time to time, and may be higher or lower than the Fund&#8217;s NAV.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">How did other markets perform in this environment for the 12-month period ended October 31, 2020?</div>
      <table cellspacing="0" cellpadding="0" id="z593942dbc2524c81812c4d9ffe4dbc01" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 76.76%; vertical-align: middle;">&#160;</td>
            <td style="width: 23.24%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 76.76%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Index</font>&#160;</div>
            </td>
            <td style="width: 23.24%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Total Return</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76.76%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Bloomberg Barclays U.S. Aggregate Bond Index&#160;</div>
            </td>
            <td style="width: 23.24%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6.16%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76.76%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>ICE Bank of America (&#8220;BofA&#8221;) Merrill Lynch U.S. Convertible Index&#160;</div>
            </td>
            <td style="width: 23.24%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">28.11%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76.76%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>ICE BofA Merrill Lynch U.S. High Yield Index&#160;</div>
            </td>
            <td style="width: 23.24%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2.54%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76.76%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Refinitiv Global Focus Convertible U.S. Dollar Hedged Index&#160;</div>
            </td>
            <td style="width: 23.24%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">15.45%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76.76%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>MSCI World Index&#160;</div>
            </td>
            <td style="width: 23.24%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4.95%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76.76%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>MSCI World 100% Hedged to USD Index&#160;</div>
            </td>
            <td style="width: 23.24%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3.99%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76.76%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Standard &amp; Poor&#8217;s 500 (&#8220;S&amp;P 500&#8221;) Index&#160;</div>
            </td>
            <td style="width: 23.24%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">13.29%&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">What contributed to performance?</div>
      <div style="margin-bottom: 6pt;">The convertible asset class had a superlative performance year in fiscal 2020 with both domestic and global convertible indices far outperforming comparable geographic equity indices. To have the ICE BofA Merrill
        Lynch U.S. Convertible Index return more than twice the S&amp;P 500 Index and the Refinitiv Global Focus Convertible U.S. Dollar Hedged Index gain almost four times the MSCI World 100% Hedged to USD Index is rare. This is explained by the
        convertible asset class&#8217; greater exposure to growth sectors such as technology, health care, and consumer discretionary, which experienced equity multiple inflation as interest rates fell to near-or-below zero in developed markets. Many issuers
        were also direct beneficiaries of trends accelerated during the pandemic such as remote work and remote commerce increases. Higher pricing of volatility, discussed later in this text, also uniquely helped the convertible asset class.</div>
      <div style="margin-bottom: 6pt;">The Fund&#8217;s second major asset class, U.S. high-yield corporate bonds, had slightly positive performance for the year with coupon income and lower risk-free interest rates helped by the U.S. Federal Reserve&#8217;s (the
        &#8220;Fed&#8217;s&#8221;) monetary support being offset somewhat by widening corporate credit spreads.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="za701fdc39dbf49d08f2181a8be06432c" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 27.28%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 72.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">QUESTIONS &amp; ANSWERS (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 27.28%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">The solidly positive yearly results above belied the tremendous volatility within the year. All indices above were down fiscal year-to-date at the equity market low in March 2020 with the S&amp;P 500 Index down as
        much as 25%.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Please discuss the Fund&#8217;s distributions.</div>
      <div style="margin-bottom: 6pt;">The Fund paid a distribution each month of the annual period. The most recent monthly distribution of $0.1172, paid on October 30, 2020, represents an annualized distribution rate of 10.33% based upon the last closing
        market price of $13.62 on October 31, 2020.</div>
      <div style="margin-bottom: 6pt;">The Fund currently anticipates that some of the 2020 distributions will consist of income and some will be a return of capital. A final determination of the tax character of distributions paid by the Fund in 2020 will
        be reported to shareholders in January 2021 on form 1099-DIV.</div>
      <table cellspacing="0" cellpadding="0" border="0" id="z84a612b222aa411189e5ed77ff11120e" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 85%; vertical-align: middle;">&#160;</td>
            <td style="width: 15%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Payable Date</font>&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>November 29, 2019&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$0.1172&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>December 31, 2019&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$0.1172&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>January 31, 2020&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$0.1172&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>February 28, 2020&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$0.1172&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>March 31, 2020&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$0.1172&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>April 30, 2020&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$0.1172&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>May 29, 2020&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$0.1172&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>June 30, 2020&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$0.1172&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>July 31, 2020&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$0.1172&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>August 31, 2020&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$0.1172&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>September 30, 2020&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$0.1172&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>October 30, 2020&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$0.1172&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 85%; vertical-align: bottom; background-color: rgb(204, 238, 255); font-weight: bold; padding-bottom: 4px;">
              <div>Total&#160;</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><font style="font-weight: bold;">$1.4064</font>&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">There is no guarantee of any future distribution or that the current returns and distribution rate will be maintained. The Fund&#8217;s distribution rate is not constant and the amount of distributions, when and if declared
        by the Fund&#8217;s Board of Trustees, is subject to change based on the performance of the Fund.</div>
      <div style="margin-bottom: 6pt;">While the Fund generally seeks to pay distributions that will consist primarily of investment company taxable income and net capital gain, because of the nature of the Fund&#8217;s investments and changes in market
        conditions from time to time, or in order to maintain a more stable distribution level over time, the distributions paid by the Fund for any particular period may be more or less than the amount of net investment income from that period. If the
        Fund&#8217;s total distributions in any year exceed the amount of its investment company taxable income and net capital gain for the year, any such excess would generally be characterized as a return of capital for U.S. federal income tax purposes.</div>
      <div style="margin-bottom: 6pt;">A return of capital distribution is in effect a partial return of the amount a shareholder invested in the Fund. A return of capital does not necessarily reflect the Fund&#8217;s investment performance and</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">8 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL
          REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="za88805abbcf64c5fbb1cd516995e2ff0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 27.28%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 72.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">QUESTIONS &amp; ANSWERS (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 27.28%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">should not be confused with &#8220;yield&#8221; or &#8220;income.&#8221; A return of capital distribution decreases the Fund&#8217;s total assets and, therefore, could have the effect of increasing the Fund&#8217;s expense ratio. Please see Note 2(g) on
        page 44 for more information on distributions for the period.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">How has the Fund&#8217;s leverage strategy affected performance?</div>
      <div style="margin-bottom: 6pt;">As part of its investment strategy, the Fund utilizes leverage to finance the purchase of additional securities that provide increased income and potentially greater appreciation potential to common shareholders than
        could be achieved from a portfolio that is not leveraged.</div>
      <div style="margin-bottom: 6pt;">The Fund&#8217;s leverage outstanding as of October 31, 2020, consisted of $324 million in borrowings and reverse repurchase agreements with a related weighted average interest rate of 3.14% and was approximately 37% of the
        Fund&#8217;s total managed assets. During the fiscal year, leverage fell from 41% ending the 2019 fiscal year as the Fund reduced leverage during the March sell-off and was more conservative adding leverage on the rebound. The market advance after the
        March sell-off also served to reduce leverage which has been fixed in dollars at $324 million since April.</div>
      <div style="margin-bottom: 6pt;">The NAV return for the Fund was above the cost of leverage for the 12 months. Although Advent looks at funds deployed from borrowings differently than funds which use the shareholder equity base, on this simple
        metric, the Fund&#8217;s leverage was beneficial to shareholders for the fiscal period. Advent has found greater opportunities in the strong issuance of the convertible markets during this fiscal year and applied borrowed funds more to traditional
        convertible securities than past years when it used the capital more on lower-risk yield-oriented instruments. In future quarters, depending on market conditions, Advent may continue to seek attractive and asymmetrical traditional convertible
        securities or revert to the more conservative strategy of investing in yield-oriented lower-delta convertible or high-yield bonds.</div>
      <div style="margin-bottom: 6pt;">There is no guarantee that the Fund&#8217;s leverage strategy will be successful, and the Fund&#8217;s use of leverage may cause the Fund&#8217;s NAV and market price of common shares to be more volatile.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">What was the impact of the Fund&#8217;s covered call strategy?</div>
      <div style="margin-bottom: 6pt;">Volatility rose sharply in fiscal 2020 as the initial effects of the coronavirus shocked the global economy to a standstill and led to uncertain path of recovery in the months thereafter. The CBOE VIX Volatility
        Index, or &#8220;VIX&#8221; for its ticker, averaged 27.5, up from the average of 16.8 for fiscal 2019. The VIX reached as high as 80 during the March selloff and has settled into a range of 25-35 in the months since. The Fund expected elevated volatility as
        the world economy progressed on a fragile rebound and as the U.S. elections approached. As a result, the Fund limited its option writing on equity holdings, which had been below historic averages already, averaging near 5% for the fiscal year. The
        Fund believed there were better risk/reward opportunities in the convertible securities markets with greater issuance and the bond structures cushioning from downside in a volatile equity environment and thus allocated more capital there than prior
        years. The expectation of high continuing volatility benefits the convertible asset class more than equity covered calls due to</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">9</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z80db9201af55443f995500781951d09b" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 27.28%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 72.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">QUESTIONS &amp; ANSWERS (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 27.28%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">convertibles being long options of longer maturity, which tend to be repriced higher as shorter-term volatility spikes eventually result in higher volatility further out on the volatility term curve.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">How were the Fund&#8217;s total investments allocated among asset classes during the 12 months ended October 31, 2020, and what did this mean for performance?</div>
      <div style="margin-bottom: 6pt;">On October 31, 2020, the Fund&#8217;s total investments were invested approximately 60.3% in convertible bonds, convertible preferred securities, and mandatory convertibles; 30.3% in corporate bonds; 4.7% in equities; 4.4%
        in cash and cash equivalents; and 0.3% in senior floating rate interests.</div>
      <div style="margin-bottom: 6pt;">On October 31, 2019, the Fund&#8217;s total investments were invested approximately 47.6% in convertible bonds, convertible preferred securities, and mandatory convertibles; 42.8% in corporate bonds; 5.2% in equities; 3.4%
        in cash and cash equivalents; and 1.0% in senior floating rate interests.</div>
      <div style="margin-bottom: 6pt;">The Fund raised its allocation to convertible securities in the fiscal year as the asset class benefited more from the post-March 2020 shock environment of zero interest rates and considerable Fed monetary
        intervention. Growth sectors, in which convertible securities have greater exposure, generally appreciated more than value sectors, some of which were hobbled by constrained revenues during lockdowns or restricted travel. That said, the convertible
        asset class also benefited from some value-sector issuers seeking to enhance liquidity. Many of these companies issued convertibles at a time of depressed equity prices. Convertibles also benefited from rising pricing of volatility as the equity
        markets departed a protracted period of calmness from 2017-2019; the uncertain economic environment during 2020 has filtered through to the higher implied volatility of the embedded options in the convertible market which has led to richer pricing.</div>
      <div style="margin-bottom: 6pt;">Corporate bonds, almost entirely of the high-yield variety held by the Fund, advanced a mild 2.5% looking at the ICE BofA US High Yield Index. Spreads widened during the year to offset the universe&#8217;s strong coupon
        income and the fall in risk-free rates. The mix of the high-yield market with more value-oriented sectors, notably energy and natural resources, served to hold back performance relative to other asset classes such as convertibles and equities.</div>
      <div style="margin-bottom: 6pt;">International investments fell from 22.8% at October 2019 to 18.0% at October 2020. Better performance in the American equity market combined with greater opportunities in convertible and high-yield market issuance
        after the Fed introduced market support measures led the Fund to increase U.S. investments at the expense of foreign investments. European equity markets declined as economic rebound reversed in the summer after coronavirus cases surged again and
        the uncertainty over the Brexit made headlines again. The falling dollar, especially at the expense of the Euro, also served to favor U.S. investments relative to European ones.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Which investments had the greatest effect on the Fund&#8217;s performance?</div>
      <div style="margin-bottom: 6pt;">The Fund had substantial gains from the Internet and software groups within technology. Providers of cloud-based software have been growing quickly based on rapid adoption by customers in the enterprise, small
        business, and online categories. Recurring revenue, control of version updates,</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">10 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zcc2afc43035a45f18624350414a5eaec" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 27.28%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 72.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">QUESTIONS &amp; ANSWERS (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 27.28%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">lower upfront customer investment and maintenance, share gain from on-premise competition, and the zero-interest-rate environment have all been advantages and led the segment to higher valuation multiples. The Fund
        had notable winners in convertibles issues by Zillow, Etsy, Cloudflare, LivePerson, and Alteryx. Social media application and advertiser Snap also advanced as the company recently reported strong growth in all metrics such as users, revenue per
        user, and margins and is gaining share of advertising budgets and benefitting from restrictions on competitor, TikTok. The Fund also benefitted from the largest issuer in the convertible market, electric vehicle producer Tesla, whose stock has
        performed substantially on the company&#8217;s execution of expansion plans in China, expectations on the Model Y, and slow ramp of electric offerings by competitors.</div>
      <div style="margin-bottom: 6pt;">Also noteworthy, the need for liquidity among numerous companies in travel-related sectors provided the convertible market opportunities to invest in strong brand names as they awaited resumption of corporate and
        leisure bookings. The Fund profited from issuances at Norwegian Cruise Lines, Southwest Airlines, and Carnival Cruises which came early in the recovery at attractive terms.</div>
      <div style="margin-bottom: 6pt;">Among detractors, the energy sector had the worst performance across asset classes in corporate bonds and equities as oil and natural gas prices declined in an environment of oversupply and curtailed capital
        availability. The benefits of supply reduction and demand rebound have yet to develop for this sector and stretched balance sheets and liquidity made investors question value and survivability. Some of the Fund&#8217;s losses were realized in March 2020
        when the Fund sold holdings to reduce leverage. These include high-yield bonds of Canadian oil sands producer MEG Energy and midstream pipeline operator Genesis Energy. High-yield bonds of refiner PBF Energy fell as the summer progressed as
        work-from-home continuation hurt the rebound in gasoline demand and thus refining crack spreads.</div>
      <div style="margin-bottom: 6pt;">During the worst of the COVID-19 crisis in the U.S., strain on various companies in the health care value chain caused considerable uncertainty. Stock in hospital operator HCA fell as COVID-19 related costs ramped and
        profitable elective procedures were delayed to maximize COVID-19 care capacity. Stock in health insurer Humana also declined with the company&#8217;s heavy exposure to elderly patients through the Medicare Advantage program. Stock in health care facility
        operator Welltower fell given higher COVID-19 costs and occupancy uncertainties. The balance sheet leverage on some companies, such as HCA and Welltower, served to amplify the equity declines during March 2020.</div>
      <div style="margin-bottom: 6pt; font-style: italic; font-weight: bold;">This material is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. Such material is not
        provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational or
        educational purposes only and is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">11</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zf991a845173b47d8afc8b455fe81a877" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 27.28%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 72.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">QUESTIONS &amp; ANSWERS (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 27.28%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Index Definitions</div>
      <div style="margin-bottom: 6pt;">The following indices are referenced throughout this report. It is not possible to invest directly in an index. These indices are intended as measures of broad market returns. The Fund&#8217;s mandate differs materially
        from each of the individual indices. The Fund also maintains leverage and incurs transaction costs, advisory fees, and other expenses, while these indices do not.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Bloomberg Barclays U.S. Aggregate Bond Index </font>is a broad-based flagship benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market,
        including U.S. Treasuries, government-related and corporate securities, mortgage-backed securities or &#8220;MBS&#8221; (agency fixed-rate and hybrid adjustable-rate mortgage, or &#8220;ARM&#8221;, pass-throughs), asset-backed securities (&#8220;ABS&#8221;), and commercial
        mortgage-backed securities (&#8220;CMBS&#8221;) (agency and non-agency).</div>
      <div style="margin-bottom: 6pt;">VIX is the ticker symbol for the <font style="font-weight: bold;">Chicago Board Options Exchange Market Volatility Index</font>, a popular measure of the implied volatility of S&amp;P 500 Index options. It is a
        weighted blend of prices for a range of options on the S&amp;P 500 Index.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">ICE BofA Merrill Lynch U.S. Convertible Index </font>consists of convertible bonds traded in the U.S. dollar denominated investment grade and noninvestment grade convertible
        securities sold into the U.S. market and publicly traded in the United States. The Index constituents are market-value weighted based on the convertible securities prices and outstanding shares, and the underlying index is rebalanced daily.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">ICE BofA Merrill Lynch U.S High Yield Index </font>includes USD-denominated, high yield, fixed-rate corporate securities. Securities are classified as high yield if the rating of
        Moody&#8217;s, Fitch, or S&amp;P is Ba1/BB +/BB + or below.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Refinitiv Global Focus Convertible U.S. Dollar Hedged Index (formerly Thomson Reuters Convertible Global Focus USD Hedged Index) </font>is a market-weighted index with a minimum size
        for inclusion of $500 million (US), &#8364;375 million (Europe), &#165;22 billion (Japan), and $275 million (Other) of Convertible Bonds with an Equity Link. A rebranding earlier in 2020 resulted in a change to the name of the benchmark.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">MSCI World Index (Net) </font>is calculated with net dividends reinvested. It is a free float-adjusted market capitalization weighted index that is designed to measure the equity
        market performance of developed markets.</div>
      <div style="margin-bottom: 6pt;">The <font style="font-weight: bold;">MSCI World 100% Hedged to USD Index </font>represents a close estimation of the performance that can be achieved by hedging the currency exposures of its parent index, the MSCI
        World Index, to the USD, the &#8220;home&#8221; currency for the hedged index. The index is 100% hedged to the USD by selling each foreign currency forward at the one-month Forward weight.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">S&amp;P 500</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#174; </sup><font style="font-weight: bold;">Index </font>is a broad-based
        index, the performance of which is based on the performance of 500 widely held common stocks chosen for market size, liquidity, and industry group representation.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">12 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z1e43aa74de0b4e14bf280a2ce8731aa5" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 60.6%; vertical-align: middle;">&#160;</td>
            <td style="width: 39.4%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 60.6%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">FUND SUMMARY (Unaudited)</font>&#160;</div>
            </td>
            <td style="width: 39.4%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zed8ea136eaaf486980560f48193a45ca" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 54.55%; vertical-align: middle;">&#160;</td>
            <td style="width: 45.45%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 54.55%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div><font style="font-weight: bold;">Fund Statistics</font>&#160;</div>
            </td>
            <td style="width: 45.45%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 54.55%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Share Price&#160;</div>
            </td>
            <td style="width: 45.45%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$13.62&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 54.55%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Net Asset Value&#160;</div>
            </td>
            <td style="width: 45.45%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$16.06&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 54.55%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Discount to NAV&#160;</div>
            </td>
            <td style="width: 45.45%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">-15.19%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 54.55%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Net Assets ($000)&#160;</div>
            </td>
            <td style="width: 45.45%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$554,322&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" id="zd4e355cd5f6b40279011254c30fead0c" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 60%; vertical-align: middle;">&#160;</td>
            <td style="width: 10.2%; vertical-align: middle;">&#160;</td>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
            <td style="width: 10%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom;" rowspan="1" colspan="5">
              <div><font style="font-weight: bold;">AVERAGE ANNUAL TOTAL RETURNS</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="5">
              <div><font style="font-weight: bold;">FOR THE PERIOD ENDED OCTOBER 31, 2020</font> <br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 10.2%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">One</font>&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Three</font>&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Five</font>&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Ten</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 10.2%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-weight: bold;">Year</font>&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Year</font>&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Year</font>&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Year</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Advent Convertible and Income Fund&#160;</div>
            </td>
            <td style="width: 10.2%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">NAV&#160;</div>
            </td>
            <td style="width: 10.2%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">7.66%&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">5.64%&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">6.97%&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">5.67%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Market&#160;</div>
            </td>
            <td style="width: 10.2%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2.05%&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4.21%&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">8.62%&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5.44%&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">Past performance does not guarantee future results and does not reflect the deductions of taxes that a shareholder would pay on Fund distributions. All NAV returns include the deduction of management fees, operating
        expenses and all other Fund expenses. All portfolio data is subject to change daily. For more current information, please visit guggenheiminvestments.com/avk.</div>
      <table cellspacing="0" cellpadding="0" id="zb2ac675102204ef0a090ca04a4916afd" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 56.56%; vertical-align: middle;">&#160;</td>
            <td style="width: 43.44%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 56.56%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div><font style="font-weight: bold;">Portfolio Breakdown</font>&#160;</div>
            </td>
            <td style="width: 43.44%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-weight: bold;">% of Net Assets</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.56%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Convertible Bonds&#160;</div>
            </td>
            <td style="width: 43.44%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">78.2%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.56%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Corporate Bonds&#160;</div>
            </td>
            <td style="width: 43.44%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">48.7%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.56%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Convertible Preferred Stocks&#160;</div>
            </td>
            <td style="width: 43.44%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">18.8%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.56%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Common Stocks&#160;</div>
            </td>
            <td style="width: 43.44%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">7.6%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.56%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Money Market Fund&#160;</div>
            </td>
            <td style="width: 43.44%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7.1%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.56%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Senior Floating Rate Interests&#160;</div>
            </td>
            <td style="width: 43.44%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">0.4%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.56%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Investments</font>&#160;</div>
            </td>
            <td style="width: 43.44%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">160.8%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.56%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Other Assets &amp; Liabilities, net</font>&#160;</div>
            </td>
            <td style="width: 43.44%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">-60.8%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 56.56%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Net Assets</font>&#160;</div>
            </td>
            <td style="width: 43.44%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">100.0%&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">13</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z11d8a72f84af4450bd1c040b37315b22" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 66.66%; vertical-align: middle;">&#160;</td>
            <td style="width: 33.34%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 66.66%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">FUND SUMMARY (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 33.34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z2583eacb4a39414299535d9ab06ff9da" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 49.94%; vertical-align: middle;">&#160;</td>
            <td style="width: 49.94%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 99.88%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-weight: bold;">Country Diversification</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Country</font>&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">% of Long-Term Investments</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>United States&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">82.0%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Canada&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2.6%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Cayman Islands&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2.4%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Bermuda&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1.7%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>France&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1.4%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Netherlands&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1.4%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Liberia&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1.0%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Luxembourg&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1.0%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Germany&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">0.8%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Israel&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">0.8%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Jersey&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">0.8%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Ireland&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">0.6%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Virgin Islands (UK)&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">0.6%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Japan&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">0.5%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Taiwan, Province of China&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">0.4%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Austria&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">0.3%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Marshall Islands&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">0.3%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Spain&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">0.3%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Hong Kong&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">0.2%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Republic of Korea&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">0.2%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Switzerland&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">0.2%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>India&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">0.1%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Italy&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">0.1%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Denmark&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">0.1%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Panama&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">0.1%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>United Kingdom&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">0.1%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Total Long-Term Investments&#160;</div>
            </td>
            <td style="width: 49.94%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">100.0%&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">The above summaries are provided for informational purposes only and should not be viewed as recommendations.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">14 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z24be95ab513a4afca71afdb90dc22a50" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 66.66%; vertical-align: middle;">&#160;</td>
            <td style="width: 33.34%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 66.66%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">FUND SUMMARY (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 33.34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="text-align: center;"><img src="avk-8foredgarx15x1.jpg">
        <div><br>
        </div>
        <div><br>
        </div>
        <div><img src="avk-8foredgarx15x2.jpg"></div>
      </div>
      <div><br>
      </div>
      <br>
      <div style="margin-bottom: 6pt;">All or a portion of the above distributions may be characterized as a return of capital. For the year ended October 31, 2020, 76% of the distributions were characterized as return of capital. The final determination
        of the tax character of the distributions paid by the Fund in 2020 will be reported to shareholders in January 2021.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">15</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zd818fad6ee5d4013bcf4756bddf40add" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 61.61%; vertical-align: middle;">&#160;</td>
            <td style="width: 38.39%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 61.61%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS</font>&#160;</div>
            </td>
            <td style="width: 38.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" id="zd18cf660ebd8470682d999e8fdc9d819" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Shares</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">COMMON STOCKS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup><font style="font-weight: bold;">&#8211; 7.6%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Financial &#8211; 2.3%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>PNC Financial Services Group, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">25,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 2,797,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Gaming and Leisure Properties, Inc. REIT&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">75,936&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,760,273&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Visa, Inc. &#8212; Class A&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">15,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,725,650&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Fifth Third Bancorp<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">100,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,322,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Lamar Advertising Co. &#8212; Class A REIT&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">35,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,168,600&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Financial</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">12,773,523&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(204, 238, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Consumer, Non-cyclical &#8211; 1.8%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Medtronic plc&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">50,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5,028,500&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>United Rentals, Inc.*<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">,1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">15,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,674,350&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Vertex Pharmaceuticals, Inc.*<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">,1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">10,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,083,600&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Consumer, Non-cyclical</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">9,786,450&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(204, 238, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Consumer, Cyclical &#8211; 1.2%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Las Vegas Sands Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">50,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,403,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Spirit Airlines, Inc.*&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">100,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,757,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Caesars Entertainment, Inc.*<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">,1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">35,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,568,700&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Winnebago Industries, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">23,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,079,850&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Consumer, Cyclical</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6,808,550&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Basic Materials &#8211; 1.0%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Freeport-McMoRan, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">150,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,601,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>DuPont de Nemours, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">45,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,559,600&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Basic Materials</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">5,160,600&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(204, 238, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Technology &#8211; 0.9%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Microsoft Corp.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">15,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,037,050&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>DocuSign, Inc.*<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">,1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">10,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,022,500&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Technology</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5,059,550&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Industrial &#8211; 0.4%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Caterpillar, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">15,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,355,750&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Common Stocks</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">(Cost $41,974,187)&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">41,944,423&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(204, 238, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">CONVERTIBLE PREFERRED STOCKS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup><font style="font-weight: bold;">&#8211; 18.8%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Financial &#8211; 4.7%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Wells Fargo &amp; Co.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.50%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">8,105,472&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Bank of America Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.25%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5,295&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,767,235&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>KKR &amp; Company, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.00% due 09/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">147,801&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,691,564&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">16 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zb61aa6dfabc84d08ae63df0330319510" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="ze62183c463c24a5087e9840db5d4c9ce" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Shares</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CONVERTIBLE PREFERRED STOCKS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup><font style="font-weight: bold;">&#8211; 18.8% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Financial &#8211; 4.7% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Assurant, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.50% due 03/15/21<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">9,847&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 1,188,435&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>QTS Realty Trust, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.50%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">7,844&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,090,316&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Financial</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">25,843,022&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Consumer, Non-cyclical &#8211; 3.2%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Boston Scientific Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.50% due 06/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">59,855&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6,199,781&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Becton Dickinson and Co.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.00% due 06/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">75,329&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,923,134&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Elanco Animal Health, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.00% due 02/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">64,720&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,130,507&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Danaher Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.00% due 04/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,015&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,688,493&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Avantor, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.25% due 05/15/22&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">11,070&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">831,468&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Bunge Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.88%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6,646&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">678,224&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Sabre Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.50% due 09/01/23*<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">,1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,534&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">336,720&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Consumer, Non-cyclical</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">17,788,327&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(204, 238, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Technology &#8211; 2.9%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Broadcom, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">8.00% due 09/30/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">8,346&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">9,931,657&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Change Healthcare, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.00% due 06/30/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">116,832&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">6,083,442&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Technology</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">16,015,099&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Industrial &#8211; 2.6%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Energizer Holdings, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.50% due 01/15/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">42,842&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,651,424&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Colfax Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.75% due 01/15/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">28,454&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,362,409&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Stanley Black &amp; Decker, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.25% due 11/15/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">28,053&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,928,172&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Fortive Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.00% due 07/01/21<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,742,341&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>II-VI, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.00% due 07/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">8,909&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,853,785&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Industrial</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">14,538,131&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">17</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z3ef5cf86e3f147ed8aad2eaaca5d1e8f" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z871c755079ee4cd9bdca027a1f942a91" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Shares</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CONVERTIBLE PREFERRED STOCKS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup><font style="font-weight: bold;">&#8211; 18.8% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Utilities &#8211; 2.0%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>NextEra Energy, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.28% due 03/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">123,723&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 6,118,102&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.22% due 09/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">37,263&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,838,184&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>American Electric Power Company, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.13% due 08/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">32,177&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,722,756&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>PG&amp;E Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.50% due 08/16/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">9,826&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">976,901&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Dominion Energy, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.25% due 06/01/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,726&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">799,590&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Utilities</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">11,455,533&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(204, 238, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Basic Materials &#8211; 1.6%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>ArcelorMittal S.A.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.50% due 05/18/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">146,478&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">5,081,322&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>International Flavors &amp; Fragrances, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.00% due 09/15/21<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">93,088&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,596,920&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Basic Materials</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">8,678,242&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Consumer, Cyclical &#8211; 1.2%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Aptiv plc&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.50% due 06/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">55,440&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6,616,764&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Communications &#8211; 0.6%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>2020 Cash Mandatory Exchangeable Trust&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.25% due 06/01/23*<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">,1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,360&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,508,176&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Convertible Preferred Stocks</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">(Cost $97,948,081)&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">104,443,294&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">MONEY MARKET FUND</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224; </sup><font style="font-weight: bold;">&#8211; 7.1%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Morgan Stanley Institutional Liquidity Government Portfolio &#8211;&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Institutional Class, 0.02%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,2</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">39,424,582&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">39,424,582&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Money Market Fund</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">(Cost $39,424,582)&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">39,424,582&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CONVERTIBLE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 78.2%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Technology &#8211; 24.0%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Splunk, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.13% due 06/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">9,592,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">10,605,336&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>RingCentral, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 03/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">6,576,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">6,969,176&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">due 03/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,500,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,454,959&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">18 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z02bc49a02ccb4b07b1cc2b1dcf2fe3f4" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z8ac39ba9806241bd9388ece4147a1563" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle; text-align: right;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CONVERTIBLE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 78.2% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Technology &#8211; 24.0% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Akamai Technologies, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.38% due 09/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,886,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 5,234,127&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.13% due 05/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,142,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,512,834&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>MongoDB, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.25% due 01/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5,442,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,079,376&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Coupa Software, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.38% due 06/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,844,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5,646,628&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Silicon Laboratories, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.63% due 06/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,980,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5,562,074&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Everbridge, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.13% due 12/15/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,506,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5,297,366&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Inphi Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.75% due 04/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,106,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5,273,441&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>LivePerson, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.75% due 03/01/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,251,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5,255,343&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Zscaler, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.13% due 07/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,466,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5,186,769&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Medallia, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.13% due 09/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,843,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5,001,258&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>PagerDuty, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">1.25% due 07/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,763,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,848,552&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Synaptics, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.50% due 06/15/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,970,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,789,907&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Rapid7, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">2.25% due 05/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,607,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,563,457&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Envestnet, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">1.75% due 06/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,964,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,771,622&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.75% due 08/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">661,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">664,050&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Microchip Technology, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.63% due 02/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,738,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,266,088&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>ON Semiconductor Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.63% due 10/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,641,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,769,816&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Lumentum Holdings, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.50% due 12/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,213,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,621,692&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Workday, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.25% due 10/01/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,340,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,529,581&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>STMicroelectronics N.V.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 08/04/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,800,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,963,440&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">due 08/04/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,108,610&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Cloudflare, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.75% due 05/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,845,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,919,097&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Five9, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.50% due 06/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,655,000&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">19</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z312388d3d7354c14ad87a76302914278" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zb3adf706501f4e99b5cf05b0edb92be9" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CONVERTIBLE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 78.2% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Technology &#8211; 24.0% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Pegasystems, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.75% due 03/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 2,236,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Lenovo Group Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">3.38% due 01/24/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,550,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,691,060&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Omnicell, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.25% due 09/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,418,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,555,824&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>RealPage, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.50% due 05/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,432,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,479,131&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Atos SE&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 11/06/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR 1,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,412,135&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Verint Systems, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.50% due 06/01/21<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,382,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,410,504&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Insight Enterprises, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.75% due 02/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,245,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,275,224&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Nuance Communications, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.25% due 04/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">696,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,199,833&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Datadog, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.13% due 06/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">773,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">969,806&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Health Catalyst, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">2.50% due 04/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">693,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">928,712&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Cerence, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">3.00% due 06/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">530,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">883,019&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Mail.Ru Group Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.63% due 10/01/25&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">800,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">802,352&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Teradyne, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.25% due 12/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">278,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">777,835&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Tabula Rasa HealthCare, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.75% due 02/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">796,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">698,490&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Innolux Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 01/22/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">600,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">687,750&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Talend S.A.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.75% due 09/01/24&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR 580,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">680,616&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Zynga, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.25% due 06/01/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">455,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">574,153&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Technology</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">132,812,043&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Communications &#8211; 18.0%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Liberty Media Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">2.75% due 12/01/49<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6,927,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6,933,927&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.38% due 10/15/23&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,313,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,719,962&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">2.25% due 12/01/48<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,866,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,973,475&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">20 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z824c019630814a5cbca4c609c64183e4" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="za24520e3b2844f40921650191063c53b" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CONVERTIBLE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 78.2% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Communications &#8211; 18.0% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Palo Alto Networks, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.38% due 06/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">5,804,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 5,927,335&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.75% due 07/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,066,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,369,470&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Booking Holdings, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.75% due 05/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,624,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">9,573,159&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Wayfair, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.63% due 10/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,630,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,313,409&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.00% due 08/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,216,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,203,505&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Viavi Solutions, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.00% due 03/01/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,386,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,924,197&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">1.75% due 06/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,445,076&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Proofpoint, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.25% due 08/15/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,023,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6,806,098&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Snap, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.75% due 08/01/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,443,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,554,843&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>JOYY, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">1.38% due 06/15/26&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,462,375&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.75% due 06/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">674,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">793,887&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Wix.com Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 08/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,716,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,649,326&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Trip.com Group Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.50% due 07/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,244,200&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>DISH Network Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">2.38% due 03/15/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,998,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,802,186&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">3.38% due 08/15/26&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,057,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">936,935&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Shopify, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.13% due 11/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,245,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,466,694&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Zillow Group, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">1.50% due 07/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,048,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,370,885&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">2.75% due 05/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">685,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,077,386&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Zendesk, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.63% due 06/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,743,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,187,968&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Match Group Financeco 2, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.88% due 06/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,317,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,977,334&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Etsy, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.13% due 09/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,203,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,252,103&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.13% due 10/01/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">418,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">656,627&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Okta, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.38% due 06/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,581,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,794,710&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Yandex N.V.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.75% due 03/03/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,400,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,614,312&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Fiverr International Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">due 11/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,503,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,544,332&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">21</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z2a244024a44c449bb3e410aed95b07a6" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zab9d3340676848b9bcdfa679ce854d57" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CONVERTIBLE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 78.2% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Communications &#8211; 18.0% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Delivery Hero SE&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.88% due 07/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR 900,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 1,066,659&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.25% due 01/23/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">EUR 300,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">420,022&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Nice Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">due 09/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,264,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,293,308&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Bharti Airtel Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">1.50% due 02/17/25&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,050,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,155,252&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>RealReal, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">3.00% due 06/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,066,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,088,652&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Kakao Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">due 04/28/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">900,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">921,573&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>GCI Liberty, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">1.75% due 09/30/46<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">513,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">858,505&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Lyft, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">1.50% due 05/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">863,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">830,951&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Twitter, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.25% due 06/15/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">758,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">829,479&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Communications</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">100,040,117&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(204, 238, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Consumer, Non-cyclical &#8211; 11.9%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Teladoc Health, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.25% due 06/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">6,451,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">7,542,975&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>DexCom, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.25% due 11/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">5,547,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">5,361,805&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Jazz Investments I Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">2.00% due 06/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,156,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,992,471&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Chegg, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 09/01/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,138,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,194,784&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.13% due 03/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">104,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">160,942&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Exact Sciences Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.38% due 03/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,261,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,296,368&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Sabre GLBL, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.00% due 04/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,254,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,845,821&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Ligand Pharmaceuticals, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.75% due 05/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,667,386&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Insulet Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.38% due 09/01/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,538,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,112,282&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Heska Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">3.75% due 09/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,069,605&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Square, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.50% due 05/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,225,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,535,982&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.13% due 03/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">283,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">416,636&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Herbalife Nutrition Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">2.63% due 03/15/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,720,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,712,020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">22 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="za0c95358a8d242e3bac4b6522c2dacd5" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z73fe7e6db6444fe0a06332844f9ea431" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CONVERTIBLE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 78.2% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Consumer, Non-cyclical &#8211; 11.9% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Ionis Pharmaceuticals, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.13% due 12/15/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,065,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 1,918,349&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Supernus Pharmaceuticals, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.63% due 04/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,857,457&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>BioMarin Pharmaceutical, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.25% due 05/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,822,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,760,508&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>CONMED Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">2.63% due 02/01/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,054,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,204,998&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>ORPEA&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.38% due 05/17/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">7,756**&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,198,364&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>LivaNova USA, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">3.00% due 12/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,069,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,184,912&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Integra LifeSciences Holdings Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.50% due 08/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,232,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,130,360&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Illumina, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.50% due 06/15/21<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">855,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,057,694&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Flexion Therapeutics, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">3.38% due 05/01/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,169,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">980,451&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Amadeus IT Group S.A.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.50% due 04/09/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR 700,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">964,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Nexi SpA&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.75% due 04/24/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR 700,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">922,012&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Insmed, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.75% due 01/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">809,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">894,304&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>China Conch Venture Holdings International Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 09/05/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">HKD 6,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">848,860&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Neurocrine Biosciences, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">2.25% due 05/15/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">561,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">786,844&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Sarepta Therapeutics, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.50% due 11/15/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">393,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">785,690&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>GN Store Nord A/S&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 05/21/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR 500,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">672,389&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Cantel Medical Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">3.25% due 05/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">492,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">664,508&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>K12, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.13% due 09/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">691,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">568,934&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Ocado Group plc&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.75% due 01/18/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">GBP 400,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">568,881&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Consumer, Non-cyclical</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">65,878,592&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Consumer, Cyclical &#8211; 11.8%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Southwest Airlines Co.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">1.25% due 05/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,537,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">10,174,950&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">23</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z2bf388977b8e4519b3e3f1bd56498f24" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z14a7da49a35e4fa08ea1b977da5b8a09" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right; text-indent: 23.15pt;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CONVERTIBLE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 78.2% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Consumer, Cyclical &#8211; 11.8% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Royal Caribbean Cruises Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.25% due 06/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">7,760,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 8,077,743&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">2.88% due 11/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">676,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">641,845&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Burlington Stores, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">2.25% due 04/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6,550,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,529,062&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>NCL Corporation Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.38% due 08/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6,235,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,244,291&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Tesla, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">2.00% due 05/15/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">673,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,222,026&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.25% due 03/01/21<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">304,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,642,248&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Cinemark Holdings, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.50% due 08/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">6,273,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">5,445,969&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Live Nation Entertainment, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">2.00% due 02/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,515,092&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Winnebago Industries, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.50% due 04/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,067,600&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Harvest International Co.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 11/21/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">HKD 12,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,701,787&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Zhongsheng Group Holdings Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 05/21/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">HKD 9,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,552,869&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Zalando SE&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.05% due 08/06/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR 1,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,399,287&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>ANLLIAN Capital Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 02/05/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR 1,100,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,296,844&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>adidas AG&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.05% due 09/12/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR 800,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,088,324&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Huazhu Group Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">3.00% due 05/01/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">841,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">971,894&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>National Vision Holdings, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">2.50% due 05/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">628,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">924,489&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>RH&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 09/15/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">534,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">911,033&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Carnival Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.75% due 04/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">574,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">894,573&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Marriott Vacations Worldwide Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.50% due 09/15/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">892,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">882,214&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Dufry One BV&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.00% due 05/04/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">CHF 600,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">809,311&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>American Airlines Group, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.50% due 07/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">785,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">676,873&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Sony Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 09/30/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">JPY 40,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">667,140&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Bloomin&#8217; Brands, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.00% due 05/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">424,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">603,845&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">24 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z12f605f99c4f473b8863c6d06ccd81d5" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z2ca8b67a7234421db6a81c19f433ffee" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CONVERTIBLE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 78.2% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Consumer, Cyclical &#8211; 11.8% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Air Canada&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.00% due 07/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">519,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 567,999&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Consumer, Cyclical</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">65,509,308&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Industrial &#8211; 4.7%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>KBR, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">2.50% due 11/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,713,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,126,827&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Kaman Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">3.25% due 05/01/24&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,100,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,100,534&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Scorpio Tankers, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">3.00% due 05/15/22&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,793,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,587,570&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Sika A.G.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.15% due 06/05/25&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">CHF 1,420,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,001,680&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Asia Cement Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">due 09/21/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,627,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,979,246&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Chart Industries, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">1.00% due 11/15/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,208,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,920,720&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Middleby Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">1.00% due 09/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,548,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,592,505&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Cellnex Telecom S.A.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">1.50% due 01/16/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">EUR 700,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,493,991&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>MINEBEA MITSUMI, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">due 08/03/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">JPY 120,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,278,515&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Safran S.A.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.88% due 05/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">8,870**&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,261,543&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Zhen Ding Technology Holding Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">due 06/30/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,100,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,176,313&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Vinci S.A.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.38% due 02/16/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,060,610&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Taiwan Cement Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">due 12/10/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">700,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">879,390&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>II-VI, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.25% due 09/01/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">414,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">495,746&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Industrial</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">25,955,190&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(204, 238, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Financial &#8211; 2.7%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>AXA S.A.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">7.25% due 05/15/21<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,337,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,332,829&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>SBI Holdings, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 07/25/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">JPY 190,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,906,197&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Smart Insight International Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.50% due 12/05/23&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">HKD 10,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,488,385&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>JPMorgan Chase Bank North America&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 09/18/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR 1,100,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,400,761&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">25</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z7920088b025444ff931616c34be29476" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z431ff10d23da46f2b217410288b02eef" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CONVERTIBLE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 78.2% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Financial &#8211; 2.7% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Redfin Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 10/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,398,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 1,319,432&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Blackstone Mortgage Trust, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.75% due 03/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,198,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,159,283&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Deutsche Wohnen SE&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.33% due 07/26/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR 800,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,039,046&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>LEG Immobilien AG&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">0.88% due 09/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR 600,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">853,442&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Poseidon Finance 1 Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 02/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">802,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">777,439&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>PRA Group, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">3.50% due 06/01/23&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">756,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">770,043&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>ESR Cayman Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.50% due 09/30/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">714,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">736,265&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Financial</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">14,783,122&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Energy &#8211; 2.2%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Pioneer Natural Resources Co.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">0.25% due 05/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6,685,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,155,510&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>CNX Resources Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">2.25% due 05/01/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,807,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,036,822&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>RAG-Stiftung&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">due 06/17/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">EUR 800,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">916,876&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Energy</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">12,109,208&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(204, 238, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Basic Materials &#8211; 1.6%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>SSR Mining, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">2.50% due 04/01/39<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,333,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,443,306&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Allegheny Technologies, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">3.50% due 06/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,949,300&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Osisko Gold Royalties Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.00% due 12/31/22&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">CAD 1,300,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,000,922&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>LG Chem Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 04/16/21<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR 500,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">687,127&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Basic Materials</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">9,080,655&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Utilities &#8211; 1.3%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Electricite de France S.A.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">due 09/14/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">170,000**&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,621,051&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>CenterPoint Energy, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.57% due 09/15/29<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">41,637**&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,386,216&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>NRG Energy, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">2.75% due 06/01/48<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,045,000&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">26 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zf26d7ae4810f4370bec748c0684e4b20" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zee6abcd163314cd79cbb73519dec490e" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle; text-align: right;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CONVERTIBLE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 78.2% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Utilities &#8211; 1.3% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>China Yangtze Power International BVI 1 Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">due 11/09/21<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,4</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">975,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 996,524&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Utilities</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,048,791&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Convertible Bonds</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">(Cost $395,062,885)&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">433,217,026&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CORPORATE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 48.7%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Consumer, Non-cyclical &#8211; 10.4%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Land O&#8217;Lakes Capital Trust I&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">7.45% due 03/15/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,750,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,275,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Magellan Health, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.90% due 09/22/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,556,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,751,580&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>HCA, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.63% due 09/01/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,940,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,261,507&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.69% due 06/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,112,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,330,113&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Tenet Healthcare Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.13% due 11/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,378,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,486,772&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Horizon Therapeutics USA, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.50% due 08/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,230,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,442,566&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Bausch Health Companies, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.25% due 05/30/29<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,920,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,145,950&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>HLF Financing SARL LLC / Herbalife International, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.25% due 08/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,776,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,861,875&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Herbalife Nutrition Ltd. / HLF Financing, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.88% due 09/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,635,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,783,219&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics S.A.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.25% due 02/01/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,623,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,745,953&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Brink&#8217;s Co.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.63% due 10/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,665,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,724,176&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Cardtronics, Inc. / Cardtronics USA, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.50% due 05/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,674,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,707,144&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>ASGN, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.63% due 05/15/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,608,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,686,188&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>MEDNAX, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.25% due 01/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,573,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,659,118&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Teleflex, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.25% due 06/01/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,493,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,608,301&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Capitol Investment Merger Sub 2 LLC&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">10.00% due 08/01/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,278,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,421,560&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Emergent BioSolutions, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">3.88% due 08/15/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,382,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,398,376&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>United Natural Foods, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.75% due 10/15/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,262,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,293,103&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Korn Ferry&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.63% due 12/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,109,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,156,453&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">27</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zade9facad250471fafcdf59058c72183" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z98d7ad30dcfb40a190e5f551cd352d66" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle; text-align: right;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CORPORATE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 48.7% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Consumer, Non-cyclical &#8211; 10.4% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Nielsen Finance LLC / Nielsen Finance Co.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.63% due 10/01/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,931,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 1,994,964&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Central Garden &amp; Pet Co.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.13% due 11/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,419,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,448,019&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.13% due 02/01/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">254,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">269,509&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Encompass Health Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.75% due 11/01/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,170,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,170,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Consumer, Non-cyclical</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">57,621,446&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(204, 238, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Consumer, Cyclical &#8211; 9.7%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Ford Motor Co.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">7.45% due 07/16/31<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,055,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,838,122&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Tempur Sealy International, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.63% due 10/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,064,580&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>QVC, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.75% due 02/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,154,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,223,987&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Churchill Downs, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.75% due 01/15/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,479,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,504,609&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.50% due 04/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,376,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,428,205&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Scientific Games International, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.25% due 11/15/29<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,886,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,867,559&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Hilton Domestic Operating Company, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.88% due 01/15/30<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,761,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,845,556&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Sally Holdings LLC / Sally Capital, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.63% due 12/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,635,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,617,214&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Wolverine World Wide, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.00% due 09/01/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,561,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,588,211&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Hanesbrands, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.38% due 05/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,400,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,529,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Staples, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">10.75% due 04/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,999,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,387,954&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Downstream Development Authority of the Quapaw Tribe of Oklahoma&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">10.50% due 02/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,546,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,377,060&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Delta Air Lines, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">2.90% due 10/28/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,584,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,251,491&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Six Flags Theme Parks, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.00% due 07/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,930,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,047,006&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>FirstCash, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.63% due 09/01/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,968,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,001,210&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Macy&#8217;s, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">8.38% due 06/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,898,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,984,435&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>American Greetings Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">8.75% due 04/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,931,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,889,764&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Michaels Stores, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">8.00% due 07/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,815,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,872,517&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">28 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z8fb62dc706144f3da67e6e2f192b353e" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zbc21a29491254d9ab7dfb4f756a2f37c" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle; text-align: right;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CORPORATE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 48.7% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Consumer, Cyclical &#8211; 9.7% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Ford Motor Credit Company LLC&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">3.81% due 01/09/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,792,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 1,792,107&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Truck Hero, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">8.50% due 04/21/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,631,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,734,805&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Tenneco, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.00% due 07/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,148,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,648,590&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>NCL Corporation Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">3.63% due 12/15/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,997,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,381,674&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Cooper-Standard Automotive, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.63% due 11/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,945,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,308,012&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Burlington Coat Factory Warehouse Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.25% due 04/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">460,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">482,713&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Consumer, Cyclical</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">53,666,381&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Communications &#8211; 7.5%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Twitter, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">3.88% due 12/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,200,200&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Sprint Capital Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.88% due 11/15/28&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,696,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,412,125&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Altice France Holding S.A.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">10.50% due 05/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,069,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,389,327&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Avaya, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.13% due 09/15/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,163,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,255,913&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>CSC Holdings LLC&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.50% due 02/01/29<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,709,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,010,769&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Meredith Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.88% due 02/01/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,285,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,728,603&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Embarq Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">8.00% due 06/01/36&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,306,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,708,109&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Plantronics, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.50% due 05/31/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,733,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,639,026&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>CommScope, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">8.25% due 03/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,542,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,634,147&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Nexstar Broadcasting, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.75% due 11/01/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,586,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,619,683&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Photo Holdings Merger Sub, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">8.50% due 10/01/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,808,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,616,270&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>VeriSign, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.63% due 05/01/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,554,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,585,274&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>MDC Partners, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.50% due 05/01/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,283,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,187,867&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Sirius XM Radio, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.50% due 07/01/29<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,392,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,517,732&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Match Group Holdings II LLC&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.63% due 06/01/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,271,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,318,313&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">29</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc74da005e1834e1ca4cb7c5962d435d3" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z1b36b2e49ca746c8a65747491f64d63b" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CORPORATE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 48.7% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Communications &#8211; 7.5% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>AMC Networks, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.75% due 12/15/22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 1,002,225&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Communications</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">41,825,583&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Energy &#8211; 6.1%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Occidental Petroleum Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">3.40% due 04/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">6,645,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5,210,046&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Comstock Resources, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">9.75% due 08/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,157,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,330,635&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Parkland Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.88% due 07/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,040,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,143,238&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Endeavor Energy Resources Limited Partnership / EER Finance, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.63% due 07/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,672,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,776,368&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Indigo Natural Resources LLC&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.88% due 02/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,741,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,699,885&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Genesis Energy Limited Partnership / Genesis Energy Finance Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.75% due 02/01/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,353,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,955,202&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.25% due 05/15/26&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">774,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">621,298&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Tallgrass Energy Partners Limited Partnership / Tallgrass Energy Finance Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.00% due 03/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,672,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,531,720&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Harvest Midstream I, LP&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">7.50% due 09/01/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,202,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,190,990&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Calumet Specialty Products Partners Limited Partnership / Calumet Finance Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">11.00% due 04/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,971,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,912,264&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Apache Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.88% due 11/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,931,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,815,140&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Parsley Energy LLC / Parsley Finance Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.63% due 10/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,401,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,492,415&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>PBF Logistics Limited Partnership / PBF Logistics Finance Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.88% due 05/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,565,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,232,437&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Alliance Resource Operating Partners Limited Partnership / Alliance Resource Finance Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">7.50% due 05/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,757,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,168,405&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>PBF Holding Company LLC / PBF Finance Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">7.25% due 06/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,791,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,163,498&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>WPX Energy, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.88% due 06/15/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">333,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">340,916&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>EQT Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.00% due 01/15/29&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">64,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">64,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Energy</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">33,648,457&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Basic Materials &#8211; 4.4%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Alcoa Nederland Holding BV&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.75% due 09/30/24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,132,500&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.50% due 12/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,976,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,082,210&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">30 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="za5f43a61aa104e70a5d229fd41a75a57" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z4bcf675465d54b0c9bef75fa4749f737" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle; text-align: right;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CORPORATE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 48.7% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Basic Materials &#8211; 4.4% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Commercial Metals Co.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.88% due 05/15/23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 3,138,435&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.75% due 04/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,019,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,090,604&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Valvoline, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.25% due 02/15/30<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,818,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,878,587&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>First Quantum Minerals Ltd.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.88% due 10/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,837,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,833,425&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>New Gold, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.38% due 05/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,691,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,776,775&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Compass Minerals International, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.75% due 12/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,141,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,326,004&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Ingevity Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">3.88% due 11/01/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,931,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,963,972&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Basic Materials</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">24,222,512&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(204, 238, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Technology &#8211; 3.7%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Seagate HDD Cayman&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.75% due 12/01/34<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,272,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,734,498&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Amkor Technology, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.63% due 09/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,000,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,213,750&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Unisys Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.88% due 11/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,896,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,004,600&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>CDK Global, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.88% due 06/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,570,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,668,174&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>ams AG&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">7.00% due 07/31/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,447,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,595,349&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Everi Payments, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">7.50% due 12/15/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,530,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,570,847&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Dell, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">7.10% due 04/15/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,377,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,748,790&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Alteryx, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">1.00% due 08/01/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">900,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">941,063&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Technology</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">20,477,071&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Financial &#8211; 3.4%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Iron Mountain, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">5.25% due 07/15/30<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,218,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,306,495&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>NMI Holdings, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.38% due 06/01/25<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,972,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,243,774&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Credit Acceptance Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.63% due 03/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,512,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,615,620&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>OneMain Finance Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.75% due 10/01/21<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,255,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,317,468&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.63% due 01/15/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,143,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,251,928&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">31</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z8397f620c8ec483f8018e21abeff6740" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z744c23861c9f462da3e8758a46995c14" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Face</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom;">
              <div style="text-align: right;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount~</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">CORPORATE BONDS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224; </sup><font style="font-weight: bold;">&#8211; 48.7% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Financial &#8211; 3.4% (continued)</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Advisor Group Holdings, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">10.75% due 08/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,510,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 2,523,642&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>GMAC, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">8.00% due 11/01/31<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,764,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,439,796&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Radian Group, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">4.88% due 03/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,647,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,688,175&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>AG Issuer LLC&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">6.25% due 03/01/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">764,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">746,810&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Financial</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">19,133,708&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Industrial &#8211; 2.7%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>MasTec, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.50% due 08/15/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,268,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,361,955&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Energizer Holdings, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">7.75% due 01/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,592,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,804,220&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>EnerSys&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.38% due 12/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,720,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,801,600&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Covanta Holding Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.00% due 01/01/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,212,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,311,540&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Clean Harbors, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">4.88% due 07/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,724,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,804,494&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Watco Companies LLC / Watco Finance Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">6.50% due 06/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,619,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,682,748&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Industrial</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">14,766,557&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(204, 238, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Utilities &#8211; 0.8%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>AmeriGas Partners Limited Partnership / AmeriGas Finance Corp.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">5.75% due 05/20/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,230,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,450,045&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Talen Energy Supply LLC&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">7.25% due 05/15/27<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,278,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,282,793&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">10.50% due 01/15/26<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">910,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">622,781&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">7.63% due 06/01/28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1,3</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">333,000&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">326,548&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Utilities</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">4,682,167&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Corporate Bonds</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">(Cost $264,912,848)&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">270,043,882&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="3">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">SENIOR FLOATING RATE INTERESTS</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224;,5 </sup><font style="font-weight: bold;">&#8211; 0.4%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Consumer, Cyclical &#8211; 0.4%</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Intrawest Resorts Holdings, Inc.&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">2.90% (1 Month USD LIBOR + 2.75%, Rate Floor: 0.00%) due 07/31/24&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,375,960&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,292,801&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Senior Floating Rate Interests</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">(Cost $2,373,499)&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">2,292,801&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">32 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zae60260721004e229eb94e569aea0cb7" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zf8e46451ecc54656a3ecb565f44314c1" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 60.59%; vertical-align: middle;">&#160;</td>
            <td style="width: 39.41%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 60.59%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 39.41%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60.59%; vertical-align: bottom;" rowspan="1">&#160;</td>
            <td style="width: 39.41%; vertical-align: bottom;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 60.59%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total Investments &#8211; 160.8%</font>&#160;</div>
            </td>
            <td style="width: 39.41%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60.59%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">(Cost $841,696,082)&#160;</div>
            </td>
            <td style="width: 39.41%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 891,366,008&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60.59%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Other Assets &amp; Liabilities, net &#8211; (60.8)%</font>&#160;</div>
            </td>
            <td style="width: 39.41%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">(337,043,653)&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60.59%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Net Assets &#8211; 100.0%</font>&#160;</div>
            </td>
            <td style="width: 39.41%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">$ 554,322,355&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="font-weight: 400;"><font style="font-weight: bold;">FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#8224;&#8224;</sup> </font><br>
      </div>
      <div style="font-weight: 400;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zb99f8bfddb0e48fc9d01272d4c8162f3" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 10.92%; vertical-align: middle;">&#160;</td>
            <td style="width: 12.89%; vertical-align: middle;">&#160;</td>
            <td style="width: 13.01%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.72%; vertical-align: middle;">&#160;</td>
            <td style="width: 10.92%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Unrealized</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Settlement</font>&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Settlement</font>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Value at</font>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Appreciation</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Counterparty</font>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Contracts to Sell</font>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Currency</font>&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Date</font>&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31, 2020</font>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">(Depreciation)</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Bank of New York Mellon&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">22,363,833&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">EUR&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">12/11/20&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$26,359,841&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$26,076,524&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$283,317&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Bank of New York Mellon&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,385,535&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">CAD&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">12/11/20&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,047,735&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1,039,338&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">8,397&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Bank of New York Mellon&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,510,256&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">GBP&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">12/11/20&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,955,751&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,953,374&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,377&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Bank of New York Mellon&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">43,646,900&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">HKD&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">12/11/20&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">5,628,370&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">5,628,125&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">245&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Bank of New York Mellon&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,554,318&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">CHF&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">12/11/20&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,788,764&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">2,790,495&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">(1,731)&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Bank of New York Mellon&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">423,433,050&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">JPY&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">12/11/20&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,994,206&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,052,781&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">(58,575)&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$234,030&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-weight: bold;">Settlement</font>&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-weight: bold;">Settlement</font>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value at</font>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;"><font style="font-weight: bold;">Unrealized</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Counterparty</font>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Contracts to Buy</font>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Currency</font>&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Date</font>&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Value</font>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31, 2020</font>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Depreciation</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Bank of New York Mellon&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,015,500&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">GBP&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">12/11/20&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$1,316,999&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$1,313,453&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$&#160; (3,546)&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Bank of New York Mellon&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,027,000&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">EUR&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">12/11/20&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,741,258&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">4,695,536&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">(45,722)&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 12.89%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.01%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 16.72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 10.92%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$(49,268)&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zc15d10b2c8f2452ab7483ca5f2781f23" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 5.06%; vertical-align: top; text-align: right;">&#160;</td>
            <td style="width: 94.94%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: top; text-align: right;">
              <div style="font-style: italic;">~&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic;">The face amount is denominated in U.S. dollars unless otherwise indicated.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: top; text-align: right;">
              <div style="font-style: italic;">*&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic;">Non-income producing security.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: top; text-align: right;">
              <div style="font-style: italic;">**&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic;">Represents shares.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: top; text-align: right;">
              <div style="font-style: italic;">&#8224;&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic;">Value determined based on Level 1 inputs &#8212; See Note 6.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: top; text-align: right;">
              <div style="font-style: italic;">&#8224;&#8224;&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic;">Value determined based on Level 2 inputs &#8212; See Note 6.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: top; text-align: right;">
              <div style="font-style: italic;">1&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;" colspan="1">
              <div style="font-style: italic;">All or a portion of these securities have been physically segregated in connection with the borrowings and reverse repurchase agreements. As of October 31, 2020, the total value of securities segregated was
                $741,049,848.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: top; text-align: right;">
              <div style="font-style: italic;">2&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic;">Rate indicated is the 7-day yield as of October 31, 2020.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: top; text-align: right;">
              <div style="font-style: italic;">3&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;" colspan="1">
              <div style="font-style: italic;">Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2)
                securities is $415,646,836 (cost $398,398,834), or 75.0% of total net assets.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: top; text-align: right;">
              <div style="font-style: italic;">4&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic;">Zero coupon rate security.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: top; text-align: right;">
              <div style="font-style: italic;">5&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;" colspan="1">
              <div style="font-style: italic;">Variable rate security. Rate indicated is the rate effective at October 31, 2020. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The
                settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and
                spread amounts are shown, the effective rate is based on a weighted average.&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">33</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z4413c27969b24067bb83fb3d0e519c2f" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.67%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">PORTFOLIO OF INVESTMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 32.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z889b9fe3116846c0a68bf6aa18801624" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 5.06%; vertical-align: middle;">
              <div style="margin-left: 10pt">&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: middle;">
              <div style="margin-left: 20pt;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic; margin-left: 10pt;">CAD&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic; margin-left: 20pt;">Canadian Dollar&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic; margin-left: 10pt;">CHF&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic; margin-left: 20pt;">Swiss Franc&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic; margin-left: 10pt;">EUR&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic; margin-left: 20pt;">Euro&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic; margin-left: 10pt;">GBP&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic; margin-left: 20pt;">British Pound&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic; margin-left: 10pt;">HKD&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic; margin-left: 20pt;">Hong Kong Dollar&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic; margin-left: 10pt;">JPY&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic; margin-left: 20pt;">Japanese Yen&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic; margin-left: 10pt;">LIBOR&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic; margin-left: 20pt;">London Interbank Offered Rate&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic; margin-left: 10pt;">LLC&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic; margin-left: 20pt;">Limited Liability Company&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic; margin-left: 10pt;">plc&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic; margin-left: 20pt;">Public Limited Company&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic; margin-left: 10pt;">REIT&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic; margin-left: 20pt;">Real Estate Investment Trust&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5.06%; vertical-align: bottom;">
              <div style="text-align: right; font-style: italic; margin-left: 10pt;">SARL&#160;</div>
            </td>
            <td style="width: 94.94%; vertical-align: bottom;">
              <div style="font-style: italic; margin-left: 20pt;">Soci&#233;t&#233; &#224; Responsabilit&#233; Limit&#233;e&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">See Sector Classification in Other Information section.</div>
      <div style="margin-bottom: 6pt;">The following table summarizes the inputs used to value the Fund&#8217;s investments at October 31, 2020 (See Note 6 in the Notes to Financial Statements):</div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="zcb4b3d6535f042a78ba2595286e3ac08">

          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Level 2</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Level 3</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Level 1</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Significant</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Significant</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Quoted</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Observable</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Unobservable</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;">
              <div><font style="font-weight: bold;">Investments in Securities (Assets)</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Prices</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Inputs</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Inputs</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Total</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 48%; background-color: rgb(204, 238, 255);">
              <div>Common Stocks&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>41,944,423</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>41,944,423</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 48%; background-color: rgb(255, 255, 255);">
              <div>Convertible Preferred Stocks&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>104,443,294</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>104,443,294</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 48%; background-color: rgb(204, 238, 255);">
              <div>Money Market Fund&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>39,424,582</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>39,424,582</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 48%; background-color: rgb(255, 255, 255);">
              <div>Convertible Bonds&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>433,217,026</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>433,217,026</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 48%; background-color: rgb(204, 238, 255);">
              <div>Corporate Bonds&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>270,043,882</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>270,043,882</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 48%; background-color: rgb(255, 255, 255);">
              <div>Senior Floating Rate Interests&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>2,292,801</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>2,292,801</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 48%; background-color: rgb(204, 238, 255);">
              <div>Forward Foreign Currency&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 48%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Exchange Contracts**&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>294,336</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>294,336</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 48%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Total Assets&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>185,812,299</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>705,848,045</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>891,660,344</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="16">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom;"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Level 2</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Level 3</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Level 1</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Significant</font> </div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Significant</font> </div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Quoted</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Observable</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Unobservable</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right;" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Investments in Securities (Liabilities)</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Prices</font> </div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Inputs</font> </div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Inputs</font> </div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Total</font> </div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 48%; background-color: rgb(204, 238, 255);">
              <div>Forward Foreign Currency&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 48%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Exchange Contracts**&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>109,574</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>&#8212;</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>109,574</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">** This derivative is reported as unrealized appreciation/depreciation at period end.</div>
      <div style="margin-bottom: 6pt;">Please refer to the detailed portfolio for the breakdown of investment type by industry category.</div>
      <div style="margin-bottom: 6pt;">The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the year end, reverse repurchase agreements of $156,028,461 are categorized
        as Level 2 within the disclosure hierarchy &#8212; See Note 7.</div>
      <div style="margin-bottom: 6pt;">The Fund did not hold any Level 3 securities during the year ended October 31, 2020.</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">34 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc24f4393eca54c59aa1f8333e4f36e2d" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 79.8%; vertical-align: middle;">&#160;</td>
            <td style="width: 20.2%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 79.8%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div><font style="font-weight: bold;">STATEMENT OF ASSETS AND LIABILITIES</font>&#160;</div>
            </td>
            <td style="width: 20.2%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle;" colspan="2">
              <div>&#160;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="zf48fb201ff4e4a5eaab912c92a64aeb0">

          <tr>
            <td valign="bottom" style="vertical-align: middle;" colspan="4">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">ASSETS:</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Investments, at value (cost $841,696,082)&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>891,366,008</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div>Foreign currency, at value (cost $368,715)&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>368,430</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Unrealized appreciation on forward foreign currency exchange contracts&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>294,336</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div>Receivables:&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="text-indent: 12pt;">Investments sold&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>9,395,547</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: 12pt;">Interest&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>5,984,988</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="text-indent: 12pt;">Dividends&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>150,785</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: 12pt;">Tax reclaims&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>32,244</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Other assets&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>175,194</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total assets</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>907,767,532</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">LIABILITIES:</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div>Borrowings&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>168,000,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Reverse repurchase agreements (Note 7)&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>156,028,461</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div>Unrealized depreciation on forward foreign currency exchange contracts&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>109,574</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Interest payable on borrowings&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>35,356</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div>Payable for:&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="text-indent: 12pt;">Investments purchased&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>28,176,103</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: 12pt;">Investment advisory fees&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>413,158</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="text-indent: 12pt;">Professional fees&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>362,176</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: 12pt;">Servicing fees&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>160,753</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Other liabilities&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>159,596</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Total liabilities</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>353,445,177</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">NET ASSETS</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>554,322,355</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">NET ASSETS CONSIST OF:</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Common stock, $0.001 par value per share; unlimited number of shares authorized,&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="text-indent: 12pt;">34,525,222 shares issued and outstanding&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>34,525</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Additional paid-in capital&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>538,382,971</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Total distributable earnings (loss)&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>15,904,859</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">NET ASSETS</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>554,322,355</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Shares outstanding ($0.001 par value with unlimited amount authorized)&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>34,525,222</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Net asset value&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>16.06</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">35</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zea7acfb372a0400c9bb643f9608f00f6" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 67.68%; vertical-align: middle;">&#160;</td>
            <td style="width: 32.32%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 67.68%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div><font style="font-weight: bold;">STATEMENT OF OPERATIONS</font>&#160;</div>
            </td>
            <td style="width: 32.32%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 67.68%; vertical-align: bottom;">
              <div>For the Year Ended October 31, 2020&#160;</div>
            </td>
            <td style="width: 32.32%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="z2e6a70e135b044878a0898166a1f4b37">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">INVESTMENT INCOME:</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Interest (net of foreign taxes withheld $9,979)&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>26,744,551</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Dividends (net of foreign taxes withheld $19,923)&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>6,165,852</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Total investment income&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>32,910,403</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">EXPENSES:</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Interest expense&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>12,251,554</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div>Investment advisory fees&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>4,750,741</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Servicing fees&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>1,847,510</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div>Borrowings breakage fees&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>805,500</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Professional fees&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>512,080</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div>Trustees&#8217; fees and expenses*&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>510,696</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Administration fees&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>171,746</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div>Fund accounting fees&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>166,097</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Insurance&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>138,750</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div>Printing fees&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>107,411</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Custodian fees&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>66,404</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div>Registration and filing fees&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>33,672</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Transfer agent fees&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>20,713</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Other expenses&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>17,479</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Total expenses&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>21,400,353</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Net investment income&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>11,510,050</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">NET REALIZED AND UNREALIZED GAIN (LOSS):</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div>Net realized gain (loss) on:&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Investments&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>4,507,463</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Options written&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>(308,467</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Options purchased&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(511,064</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Forward foreign currency exchange contracts&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>205,261</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Foreign currency transactions&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>(1,065,388</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Net realized gain&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>2,827,805</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div>Net change in unrealized appreciation (depreciation) on:&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Investments&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>23,809,130</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Options written&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>137,230</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Forward foreign currency exchange contracts&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>439,544</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Foreign currency translations&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>6,608</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Net change in unrealized appreciation (depreciation)&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>24,392,512</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Net realized and unrealized gain&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>27,220,317</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Net increase in net assets resulting from operations</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>38,730,367</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>

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      <table cellspacing="0" cellpadding="0" id="z17aa527d7e7e4e8aa412646bf4b0817f" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 100%; vertical-align: bottom;">
              <div>* Relates to Trustees not deemed &#8220;interested persons&#8221; within the meaning of Section 2(a)(19) of the 1940 Act.&#160;</div>
            </td>
          </tr>

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      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">36 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z3038cc2549fb4f889c36da573537f934" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 76.89%; vertical-align: middle;">&#160;</td>
            <td style="width: 23%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 76.89%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">STATEMENTS OF CHANGES IN NET ASSETS</font>&#160;</div>
            </td>
            <td style="width: 23%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 99.88%; vertical-align: middle;" colspan="2">
              <div>&#160;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="z5cf57baaa64149fab32aa7592ef9b6a5">

          <tr>
            <td valign="bottom" style="vertical-align: middle;" colspan="8">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%;">
              <div>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
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            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Year Ended</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); width: 70%;">
              <div>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31, 2020</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31, 2019</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0); width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 70%;">
              <div><font style="font-weight: bold;">INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS:</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%; background-color: rgb(255, 255, 255);">
              <div>Net investment income&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>11,510,050</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>16,281,602</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%; background-color: rgb(204, 238, 255);">
              <div>Net realized gain (loss) on investments&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>2,827,805</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>(4,020,434</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%; background-color: rgb(255, 255, 255);">
              <div>Net change in unrealized appreciation (depreciation)&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">on investments&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>24,392,512</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>41,003,343</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Net increase in net assets resulting from operations&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>38,730,367</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>53,264,511</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">DISTRIBUTIONS:</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%; background-color: rgb(255, 255, 255);">
              <div>Distributions to shareholders&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(11,875,142</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(19,250,159</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Return of capital&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>(36,681,130</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>(29,306,113</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Total distributions to shareholders&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>(48,556,272</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>(48,556,272</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%; background-color: rgb(204, 238, 255);">
              <div>Net increase (decrease) in net assets&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>(9,825,905</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>4,708,239</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">NET ASSETS:</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Beginning of period&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>564,148,260</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>559,440,021</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 70%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">End of period&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>554,322,355</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>564,148,260</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">37</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zb4bf3df48e814a9a9c61e9128a87e616" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 60.61%; vertical-align: middle;">&#160;</td>
            <td style="width: 39.39%; vertical-align: middle;">&#160;</td>
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            <td style="width: 60.61%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">STATEMENT OF CASH FLOWS</font>&#160;</div>
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            <td style="width: 39.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
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          <tr>
            <td style="width: 60.61%; vertical-align: bottom;">
              <div>For the Year Ended October 31, 2020&#160;</div>
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            <td style="width: 39.39%; vertical-align: bottom;">
              <div>&#160;</div>
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      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="zf9eb500e3f124888a3132f75cb92f081">

          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Cash Flows from Operating Activities:</font>&#160;</div>
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            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Net increase in net assets resulting from operations&#160;</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
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              <div>$</div>
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              <div>38,730,367</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Adjustments to Reconcile Net Increase in Net Assets Resulting from Operations to</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Net Cash Provided by Operating and Investing Activities:</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Net change in unrealized (appreciation) depreciation on investments&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>(23,809,130</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Net change in unrealized (appreciation) depreciation on options written&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(137,230</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Net change in unrealized (appreciation) depreciation on forward&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 20pt;">foreign currency exchange contracts&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(439,544</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Net realized gain on investments&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>(4,507,463</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Net realized loss on options written&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>308,467</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Net realized loss on options purchased&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>511,064</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Purchase of long-term investments&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(1,895,693,930</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Proceeds from sale of long-term investments&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>1,936,503,570</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Net proceeds from sale of short-term investments&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>46,970,538</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Net accretion of discount and amortization of premium&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>(1,336,447</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Corporate actions and other payments&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>23,943</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Premiums received on options written&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>75,769</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Cost of closing options written&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(587,006</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Decrease in interest receivable&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>1,931,326</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Decrease in dividends receivable&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>63,069</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Decrease in investments sold receivable&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>547,565</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Decrease in tax reclaims receivable&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>31,536</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Decrease in other assets&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>10,849</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Increase in investments purchased payable&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>12,118,964</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Increase in interest payable on borrowings&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>11,625</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Increase in professional fees payable&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>95,937</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Decrease in servicing fees payable&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>(8,300</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Decrease in investment advisory fees payable&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(21,342</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
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            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>(137,529</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
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          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 20pt;">Net Cash Provided by Operating and Investing Activities&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>111,256,668</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Cash Flows From Financing Activities:</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Distributions to common shareholders&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(48,556,272</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Proceeds from borrowings&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>37,000,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Payments made on borrowings&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(79,000,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div style="margin-left: 10pt;">Proceeds from reverse repurchase agreements&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>33,000,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Payments made on reverse repurchase agreements&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>(53,987,966</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
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          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="margin-left: 20pt;">Net Cash Used in Financing Activities&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>(111,544,238</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;">Net decrease in cash&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>(287,570</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Cash at Beginning of Year</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>656,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Cash at End of Year (including foreign cash)</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>368,430</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Supplemental Disclosure: Cash paid during the year for interest</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 87%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="margin-left: 10pt;"><font style="font-weight: bold;">(including interest on reverse repurchase agreements)</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>12,227,895</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
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      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.
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      <div style="margin-bottom: 6pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">38 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
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      <div style="margin-bottom: 6pt;"><br>
      </div>
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          <tr>
            <td style="width: 55.56%; vertical-align: middle;">&#160;</td>
            <td style="width: 44.44%; vertical-align: middle;">&#160;</td>
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          <tr>
            <td style="width: 55.56%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">FINANCIAL HIGHLIGHTS</font>&#160;</div>
            </td>
            <td style="width: 44.44%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="z338c8ce0d663405d82af1b5e43d11d11">

          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Year Ended</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Year Ended</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Year Ended</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Year Ended</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Year Ended</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31,</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31,</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31,</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31,</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31,</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;">
              <div>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;"> 2020</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">2019</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">2018</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">2017</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">2016</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Per Share Data:</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Net asset value, beginning of period&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>16.34</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>16.20</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>17.63</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>16.26</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>17.11</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; background-color: rgb(204, 238, 255);">
              <div>Income from investment operations:&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; background-color: rgb(255, 255, 255);">
              <div>Net investment income<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(a)</sup>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>0.33</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>0.47</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>0.51</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>0.69</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>0.75</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Net gain (loss) on investments (realized and unrealized)&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>0.80</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>1.08</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>(0.54</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>1.86</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>(0.47</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Total from investment operations&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>1.13</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>1.55</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>(0.03</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>2.55</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>0.28</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; background-color: rgb(204, 238, 255);">
              <div>Less distributions from:&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; background-color: rgb(255, 255, 255);">
              <div>Net investment income&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(0.34</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(0.56</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(0.58</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(0.75</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(0.74</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Return of capital&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>(1.07</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>(0.85</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>(0.82</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>(0.49</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>(0.39</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Total distributions to shareholders&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>(1.41</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>(1.41</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>(1.40</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>(1.24</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>(1.13</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-indent: -10pt; margin-left: 10pt;">Increase resulting from tender offer and repurchase of Common Shares&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>0.06</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>&#8212;</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Net asset value, end of period&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>16.06</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>16.34</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>16.20</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>17.63</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>16.26</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Market value, end of period&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>13.62</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>14.79</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>13.93</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>16.09</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>14.01</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 4px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; background-color: rgb(255, 255, 255);">
              <div><font style="font-weight: bold;">Total Return</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">(b)</sup>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; background-color: rgb(204, 238, 255);">
              <div>Net asset value&#160;</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>7.66</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>%</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>9.94</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>%</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>(0.34</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>%)</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>16.55</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>1.94</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>%</div>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; background-color: rgb(255, 255, 255);">
              <div>Market value&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>2.05</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>17.01</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>(5.22</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>%)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>24.20</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>7.57</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Ratios/Supplemental Data:</font>&#160;</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Net assets, end of period (in thousands)&#160;</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>554,322</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>564,148</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>559,440</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>353,389</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>383,513</div>
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            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
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      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 39</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z6d72bff50c114735b530410313026f34" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 59.6%; vertical-align: middle;">&#160;</td>
            <td style="width: 40.4%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 59.6%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">FINANCIAL HIGHLIGHTS continued</font>&#160;</div>
            </td>
            <td style="width: 40.4%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="z00f2e8ca3d384a0093a1777770a40bd5">

          <tr>
            <td valign="bottom" style="vertical-align: middle;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom;">
              <div>&#160;</div>
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            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Year Ended</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Year Ended</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Year Ended</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Year Ended</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Year Ended</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31,</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31,</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31,</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31,</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">October 31,</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;">
              <div>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;"> 2020</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">2019</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">2018</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">2017</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">2016</font> </div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: #000000 solid 4px;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Ratio to average net assets of:&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; background-color: rgb(255, 255, 255);">
              <div>Net investment income, including interest expense&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>2.14</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>2.90</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>2.93</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>4.04</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>4.66</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Total expenses, including interest expense<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(c),(d)</sup>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>3.98</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>4.11</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>3.87</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>2.72</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>2.92</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
              <div>%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Portfolio turnover rate&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>242</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>123</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>121</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>110</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>98</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
              <div>%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; background-color: rgb(204, 238, 255);">
              <div><font style="font-weight: bold;">Senior Indebtedness:</font>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; background-color: rgb(255, 255, 255);">
              <div>Borrowings outstanding (in thousands)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(e)</sup>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>168,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>210,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>235,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>227,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);" colspan="1">
              <div>262,000</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 35%; background-color: rgb(204, 238, 255);">
              <div>Asset Coverage per $1,000 of indebtedness<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(f)</sup>&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>4,300</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>3,686</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>3,381</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>2,557</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1">
              <div>2,464</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z11a18df613bb43a499acfe02b0993790" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 2.93%; vertical-align: top;">&#160;</td>
            <td style="width: 97.07%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 2.93%; vertical-align: top;">
              <div>(a)&#160;</div>
            </td>
            <td style="width: 97.07%; vertical-align: bottom;">
              <div style="text-indent: 0.05pt;">Based on average shares outstanding.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2.93%; vertical-align: top;">
              <div>(b)&#160;</div>
            </td>
            <td style="width: 97.07%; vertical-align: bottom;" colspan="1">
              <div style="text-indent: 0.05pt;">Total return is calculated assuming a purchase of a common share at the beginning of the period and a sale on the last day of the period reported either at the net asset value (&#8220;NAV&#8221;) or market price per
                share. Dividends and distributions are assumed to be reinvested at NAV for NAV returns or the prices obtained under the Fund&#8217;s Dividend Reinvestment Plan for market value returns. Total return does not reflect brokerage commissions.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2.93%; vertical-align: top;">
              <div>(c)&#160;</div>
            </td>
            <td style="width: 97.07%; vertical-align: bottom;" colspan="1">
              <div style="text-indent: 0.05pt;">Expense ratio does not reflect the fees and expenses incurred directly by the Fund as a result of its investment in shares of business development companies. If these fees were included in the expense ratio,
                the increase to the expense ratio would be 0.01% for the year ended October 31, 2016.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2.93%; vertical-align: top;">
              <div>(d)&#160;</div>
            </td>
            <td style="width: 97.07%; vertical-align: bottom;">
              <div style="text-indent: 0.05pt;">Excluding interest expense, the operating expense ratios for the years ended October 31 would be:&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" id="zd0d25e75be1346be85c4d6ad99e9eb6d" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-weight: bold;">2020</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-weight: bold;">2019</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-weight: bold;">2018</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-weight: bold;">2017</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-weight: bold;">2016</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">1.55%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">1.57%&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">1.62%&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">1.49%&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">1.52%&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="5" rowspan="1">
              <div style="text-indent: 9.2pt;">* Excludes borrowings breakage fees.&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="za080173e14b24a2cb44a0f9a4d9cfcc6" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 2.93%; vertical-align: top;">&#160;</td>
            <td style="width: 97.07%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 2.93%; vertical-align: top;">
              <div>(e)&#160;</div>
            </td>
            <td style="width: 97.07%; vertical-align: bottom;" colspan="1">
              <div>Commencing on October 31, 2018, as a result of the Fund having earmarked or segregated cash to collateralize the reverse repurchase agreement transactions or otherwise having covered the transactions, in accordance with releases and
                interpretive letters issued by the Securities and Exchange Commission, the Fund does not treat its obligations under such transactions as senior securities representing indebtedness for purposes of the 1940 Act.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2.93%; vertical-align: top;">
              <div>(f)&#160;</div>
            </td>
            <td style="width: 97.07%; vertical-align: bottom;">
              <div style="text-indent: 0.05pt;">Calculated by subtracting the Fund&#8217;s total liabilities (not including the borrowings) from the Fund&#8217;s total assets and dividing by the borrowings.&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-style: italic;">See notes to financial statements.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">40 </sup>l<sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;"> AVK </sup>l<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> ADVENT CONVERTIBLE AND INCOME FUND ANNUAL
          REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z5df6deaa68c145a593612ec7d6605a2e" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64.65%; vertical-align: middle;">&#160;</td>
            <td style="width: 35.35%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64.65%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</font>&#160;</div>
            </td>
            <td style="width: 35.35%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">Note 1 <font style="font-weight: bold;">&#8211; Organization</font></div>
      <div style="margin-bottom: 6pt;">Advent Convertible and Income Fund (the &#8220;Fund&#8221;) was organized as a Delaware statutory trust on February 19, 2003. The Fund is registered as a diversified, closed-end management investment company under the Investment
        Company Act of 1940, as amended (the &#8220;1940 Act&#8221;).</div>
      <div style="margin-bottom: 6pt;">The Fund&#8217;s investment objective is to provide total return through a combination of capital appreciation and current income. The Fund pursues its investment objective by investing at least 80% of its managed assets in
        a diversified portfolio of convertible securities and non-convertible income producing securities.</div>
      <div style="margin-bottom: 6pt;">Note 2 <font style="font-weight: bold;">&#8211; Significant Accounting Policies</font></div>
      <div style="margin-bottom: 6pt;">The Fund operates as an investment company and, accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification
        Topic 946 Financial Services &#8211; Investment Companies.</div>
      <div style="margin-bottom: 6pt;">The following significant accounting policies are in conformity with U.S. generally accepted accounting principles (&#8220;U.S. GAAP&#8221;) and are consistently followed by the Fund. This requires management to make estimates
        and assumptions that affect the reported amount of assets and liabilities, contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could
        differ from these estimates. All time references are based on Eastern Time.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">(a) Valuation of Investments</div>
      <div style="margin-bottom: 6pt;">The Board of Trustees of the Fund (the &#8220;Board&#8221;) has adopted policies and procedures for the valuation of the Fund&#8217;s investments (the &#8220;Valuation Procedures&#8221;). Pursuant to the Valuation Procedures, the Board has
        delegated to a valuation committee, consisting of representatives from investment management, fund administration, legal and compliance departments (the &#8220;Valuation Committee&#8221;), the day-to-day responsibility for implementing the Valuation
        Procedures, including, under most circumstances, the responsibility for determining the fair value of the Fund&#8217;s securities and/or other assets.</div>
      <div style="margin-bottom: 6pt;">Valuations of the Fund&#8217;s securities and derivatives are supplied primarily by pricing services appointed pursuant to the processes set forth in the Valuation Procedures. The Valuation Committee convenes monthly, or
        more frequently as needed, to review the valuation of all assets which have been fair valued for reasonableness. The Fund&#8217;s officers, through the Valuation Committee and consistent with the monitoring and review responsibilities set forth in the
        Valuation Procedures, regularly review procedures used and valuations provided by the pricing services.</div>
      <div style="margin-bottom: 6pt;">If the pricing service cannot or does not provide a valuation for a particular investment or such valuation is deemed unreliable, such investment is fair valued by the Valuation Committee.</div>
      <div style="margin-bottom: 6pt;">Securities listed on an exchange or on an over-the-counter market will be valued at the last reported sale price on the primary exchange or market on which they are traded; provided, however, that securities listed on
        the National Association of Securities Dealers Automated Quotations (&#8220;NASDAQ&#8221;) National Market system will be valued at the NASDAQ Official Closing Price, which may not necessarily represent the last sale price.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">41</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z975c2f12ac854a558b2804031c3a033d" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">Equity securities that are traded on an exchange or on the over-the-counter market and for which there are no transactions on a given day are valued at the mean of the closing bid and asked prices.</div>
      <div style="margin-bottom: 6pt;">Open-end investment companies are valued at their net asset value per share (&#8220;NAV&#8221;) as of the close of business, on the valuation date.</div>
      <div style="margin-bottom: 6pt;">Generally, trading in foreign securities markets is substantially completed each day at various times prior to the close of the New York Stock Exchange (&#8220;NYSE&#8221;). The values of foreign securities are determined as of
        the close of such foreign markets or the close of the NYSE, if earlier. All investments quoted in foreign currencies are valued in U.S. dollars on the basis of the foreign currency exchange rates prevailing at the close of U.S. business at 4:00
        p.m. Investments in foreign securities may involve risks not present in domestic investments. The Valuation Committee will determine the current value of such foreign securities by taking into consideration certain factors which may include those
        discussed above, as well as the following factors, among others: the value of the securities traded on other foreign markets, ADR trading, closed-end fund trading, foreign currency exchange activity, and the trading prices of financial products
        that are tied to foreign securities. In addition, under the Valuation Procedures, the Valuation Committee is authorized to use prices and other information supplied by a third party pricing vendor in valuing foreign securities.</div>
      <div style="margin-bottom: 6pt;">Debt securities are valued based on prices provided by independent pricing services or, if not available or if Advent Capital Management, LLC (&#8220;Advent&#8221; or the &#8220;Investment Adviser&#8221;) considers that price to not
        represent fair value, by dealers using the mean of the closing bid and asked prices for such securities or, if such prices are not available, at prices for securities of comparable maturity, quality and type. If sufficient market activity is
        limited or does not exist, the pricing services or dealers may utilize proprietary valuation models which may, for example, consider market characteristics such as benchmark yield curves, option-adjusted spreads, credit spreads, estimated default
        rates, coupon rates, anticipated timing of principal repayments, underlying collateral, or other unique security features in order to estimate relevant cash flows, which are then discounted to calculate a security&#8217;s fair value. Short-term debt
        securities with remaining maturities of 60 days or less at the time of valuation are valued at amortized cost, which approximates market value. Short-term debt securities which have a term-to-maturity greater than 60 days from the date of purchase
        are valued at their current market quotations until maturity or disposition. Convertible securities are valued in the same manner as debt securities. Repurchase agreements are valued at amortized cost, provided such amounts approximate market
        value.</div>
      <div style="margin-bottom: 6pt;">Typically, loans are valued using information provided by an independent third party pricing service that uses broker quotes, among other inputs. If the pricing service cannot or does not provide a valuation for a
        particular loan, or such valuation is deemed unreliable, such investment is valued based on a quote from a broker-dealer or is fair valued by the Valuation Committee.</div>
      <div style="margin-bottom: 6pt;">Exchange-traded options are valued at the mean of the bid and ask prices on the principal exchange on which they are traded. Over-the-counter (&#8220;OTC&#8221;) options are valued using a price provided by an independent pricing
        service.</div>
      <div style="margin-bottom: 6pt;">Forward foreign currency exchange contracts are valued by pricing services or, if not available or if Advent considers that price to not represent fair value, by dealers using the mid price. Forward foreign currency
        exchange contracts are valued daily based on the applicable exchange rate of the</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">42 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zda3129ed52564a868caa8f634b007b95" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">underlying currency. Futures contracts are valued using the settlement price established each day on the exchange on which they are traded.</div>
      <div style="margin-bottom: 6pt;">Investments for which market quotations are not readily available are fair-valued as determined in good faith by Advent, subject to review and approval by the Valuation Committee, pursuant to methods established or
        ratified by the Board. Valuations in accordance with these methods are intended to reflect each security&#8217;s (or asset&#8217;s or liability&#8217;s) &#8220;fair value&#8221;. Each such determination is based on a consideration of all relevant factors, which are likely to
        vary from one pricing context to another. Examples of such factors may include, but are not limited to market prices; sale prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities
        and characteristics, or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasuries, and other information analysis.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">(b) Investment Transactions and Investment Income</div>
      <div style="margin-bottom: 6pt;">Investment transactions are accounted for on the trade date. Realized gains and losses on investments are determined on the identified cost basis. Dividend income is recorded net of applicable withholding taxes on the
        ex-dividend date and interest income is recorded on an accrual basis. Discounts or premiums on debt securities purchased are accreted or amortized to interest income over the lives of the respective securities using the effective interest method.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">(c) Convertible Securities</div>
      <div style="margin-bottom: 6pt;">The Fund invests in convertible securities, preferred stocks and fixed-income securities which are convertible into common stock. Convertible securities may be converted either at a stated price or rate within a
        specified period of time into a specified number of shares of common stock. Most commonly, convertible securities have paid dividends or interest greater than on the related common stocks, but less than fixed income non-convertible securities. By
        investing in a convertible security, the Fund may participate in any capital appreciation or depreciation of a company&#8217;s stock, but to a lesser degree than if it had invested in that company&#8217;s common stock. Convertible securities rank senior to
        common stock in a corporation&#8217;s capital structure and, therefore, entail less risk than the corporation&#8217;s common stock.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">(d) Senior Floating Rate Interests and Loan Investments</div>
      <div style="margin-bottom: 6pt;">Senior floating rate interests in which the Fund invests generally pay interest rates which are periodically adjusted by reference to a base short-term floating rate, plus a premium. These base lending rates are
        generally (i) the lending rate offered by one or more major European banks, such as the one-month or three-month London Inter-Bank Offered Rate (&#8220;LIBOR&#8221;), (ii) the prime rate offered by one or more major United States banks, or (iii) the bank&#8217;s
        certificate of deposit rate. Senior floating rate interests often require repayments from excess cash flows or permit the borrower to repay at its election. The rate at which the borrower repays cannot be predicted with accuracy. As a result, the
        actual remaining maturity may be substantially less than the stated maturities shown on the Schedule of Investments. The interest rate indicated is the rate in effect at October 31, 2020.</div>
      <div style="margin-bottom: 6pt;">The Fund invest in loans and other similar debt obligations (&#8220;obligations&#8221;). A portion of the Fund&#8217;s investments in these obligations is sometimes referred to as &#8220;covenant lite&#8221; loans or obligations (&#8220;covenant lite
        obligations&#8221;), which are obligations that lack covenants or possess fewer or less</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">43</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z0ae5a7e6deed410cb5a78745dc80cde4" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">restrictive covenants or constraints on borrowers than certain other types of obligations. The Fund may also obtain exposure to covenant lite obligations through investment in securitization vehicles and other
        structured products. In recent market conditions, many new or reissued obligations have not featured traditional covenants, which are intended to protect lenders and investors by (i) imposing certain restrictions or other limitations on a
        borrower&#8217;s operations or assets or (ii) providing certain rights to lenders. The Fund may have fewer rights with respect to covenant lite obligations, including fewer protections against the possibility of default and fewer remedies in the event of
        default. As a result, investments in (or exposure to) covenant lite obligations are subject to more risk than investments in (or exposure to) certain other types of obligations. The Fund is subject to other risks associated with investments in (or
        exposure to) obligations, including that obligations may not be considered &#8220;securities&#8221; and, as a result, the Fund may not be entitled to rely on the anti-fraud protections under the federal securities laws and instead may have to resort to state
        law and direct claims.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">(e) Currency Translations</div>
      <div style="margin-bottom: 6pt;">The accounting records of the Fund are maintained in U.S. dollars. All assets and liabilities initially expressed in foreign currencies are converted into U.S. dollars at prevailing exchange rates. Purchases and sales
        of investment securities, dividend and interest income, and certain expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. Changes in the relationship of these foreign currencies to the U.S. dollar
        can significantly affect the value of the investments and earnings of the Fund. Foreign investments may also subject the Fund to foreign government exchange restrictions, expropriation, taxation, or other political, social or economic developments,
        all of which could affect the market and/or credit risk of the investments.</div>
      <div style="margin-bottom: 6pt;">The Fund does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such
        fluctuations are included with the net realized gain or loss and unrealized appreciation or depreciation on investments.</div>
      <div style="margin-bottom: 6pt;">Reported net realized foreign exchange gains and losses arise from sales of foreign currencies and currency gains or losses realized between the trade and settlement dates on investment transactions. Net unrealized
        appreciation and depreciation arise from changes in the fair values of assets and liabilities other than investments in securities at the fiscal period end, resulting from changes in exchange rates.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">(f) Forward Foreign Currency Exchange Contracts</div>
      <div style="margin-bottom: 6pt;">Forward foreign currency exchange contracts are agreements between two parties to buy and sell currencies at a set price on a future date. Fluctuations in the value of open forward foreign currency exchange contracts
        are recorded for financial reporting purposes as unrealized appreciation and depreciation by the Fund until the contracts are closed. When the contracts are closed, realized gains and losses are recorded, and included on the Statement of Operations
        in forward foreign currency exchange contracts.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">(g) Distributions to Shareholders</div>
      <div style="margin-bottom: 6pt;">The Fund declares and pays monthly distributions to common shareholders. These distributions consist of investment company taxable income, which generally includes qualified dividend income,</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">44 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="za2dff9f95326444cbd12706ea498abe7" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">ordinary income and short-term capital gains. Any net realized long-term capital gains are distributed annually to common shareholders. To the extent distributions exceed taxable income, the excess will be deemed a
        return of capital.</div>
      <div style="margin-bottom: 6pt;">Distributions to shareholders are recorded on the ex-dividend date. The amount and timing of distributions are determined in accordance with U.S. federal income tax regulations, which may differ from U.S. GAAP.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">(h) Covered Call Options and Put Options</div>
      <div style="margin-bottom: 6pt;">When an option is written, the premium received is recorded as an asset with an equal liability and is subsequently marked to market to reflect the current market value of the option written. These liabilities are
        reflected as options written on the Statement of Assets and Liabilities. Premiums received from writing options which expire unexercised are recorded on the expiration date as a realized gain. The difference between the premium received and the
        amount paid on effecting a closing purchase transaction, including brokerage commissions, is also treated as a realized gain, or if the premium is less than the amount paid for the closing purchase transactions, as a realized loss. If an option is
        exercised, the premium is added to the proceeds from the sale of the underlying security in determining whether there has been a realized gain or loss.</div>
      <div style="margin-bottom: 6pt;">When a call option is purchased, the Fund obtains the right (but not the obligation) to buy the underlying instrument at the strike price at anytime during the option period. When a put option is purchased, the Fund
        obtains the right (but not the obligation) to sell the option&#8217;s underlying instrument at the strike price at anytime during the option period. When the Fund purchases an option, an amount equal to the premium paid by the Fund is reflected as an
        asset and subsequently marked-to-market to reflect the current market value of the option purchased. Purchased options are included with Investments on the Statement of Assets and Liabilities.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">(i) Indemnifications</div>
      <div style="margin-bottom: 6pt;">Under the Fund&#8217;s organizational documents, its Trustees and Officers are indemnified against certain liabilities arising out of the performance of their duties to the Fund. In addition, throughout the normal course of
        business, the Fund enters into contracts that contain a variety of representations and warranties which provide general indemnifications. The Fund&#8217;s maximum exposure under these arrangements is unknown, as this would involve future claims that may
        be made against the Fund and/or its affiliates that have not yet occurred. However, based on experience, the Fund expects the risk of loss to be remote.</div>
      <div style="margin-bottom: 6pt;">Note 3 <font style="font-weight: bold;">&#8211; Derivatives</font></div>
      <div style="margin-bottom: 6pt;">As part of its investment strategy, the Fund utilizes derivative instruments. These investments involve, to varying degrees, elements of market risk and risks in excess of amounts recognized in the Statement of Assets
        and Liabilities. Valuation and accounting treatment of these instruments can be found under Significant Accounting Policies in Note 2 of these Notes to Financial Statements.</div>
      <div style="margin-bottom: 6pt;">Derivatives are instruments whose values depend on, or are derived from, in whole or in part, the value of one or more other assets, such as securities, currencies, commodities or indices. Derivative instruments may
        be used to increase investment flexibility (including to maintain cash reserves while maintaining exposure to certain other assets), for risk management (hedging) purposes, to facilitate trading, to reduce transaction costs and to pursue higher
        investment returns. Derivative</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">45</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="ze50a0b8821dd43e09eca3c1b1cf38e30" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">instruments may also be used to mitigate certain investment risks, such as foreign currency exchange rate risk, interest rate risk and credit risk. U.S. GAAP requires disclosures to enable investors to better
        understand how and why a Fund uses derivative instruments, how these derivative instruments are accounted for and their effects on the Fund&#8217;s financial position and results of operations.</div>
      <div style="margin-bottom: 6pt;">The Fund utilized derivatives for the following purposes:</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Hedge &#8211; </font>an investment made in order to seek to reduce the risk of adverse price movements in a security, by taking an offsetting position to protect against broad market moves.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Income &#8211; </font>the use of any instrument that distributes cash flows typically based upon some rate of interest.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Options Purchased and Written</div>
      <div style="margin-bottom: 6pt;">A call option on a security gives the purchaser of the option the right to buy, and the writer of a call option the obligation to sell, the underlying security. The purchaser of a put option has the right to sell, and
        the writer of the put option the obligation to buy, the underlying security at any time during the option period. The risk associated with purchasing options is limited to the premium originally paid.</div>
      <div style="margin-bottom: 6pt;">The following table represents the Fund&#8217;s use and volume of call/put options purchased on a monthly basis:</div>
      <table cellspacing="0" cellpadding="0" border="0" id="zfb5d45d8eff243c2a9d8ba28624974e2" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 76%; vertical-align: middle;">&#160;</td>
            <td style="width: 12%; vertical-align: middle;">&#160;</td>
            <td style="width: 12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 76%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center;"><font style="font-weight: bold;">Average Notional Amount</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Use</font>&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Call</font>&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Put</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Income&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ &#8212;&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ &#8212;*&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76%; vertical-align: bottom; text-indent: -10pt; margin-left: 10pt;" rowspan="1" colspan="3">
              <div style="margin-left: 10pt">
                <div>* Options contracts were outstanding for 20 days during the year ended October 31, 2020. The daily average outstanding notional amount was $1,034,563.<br>
                </div>
              </div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">The risk in writing a call option is that a Fund may incur a loss if the market price of the underlying security increases and the option is exercised. The risk in writing a put option is that a Fund may incur a loss
        if the market price of the underlying security decreases and the option is exercised. In addition, there may be an imperfect correlation between the movement in prices of options and the underlying securities where a Fund may not be able to enter
        into a closing transaction because of an illiquid secondary market; or, for OTC options, a Fund may be at risk because of the counterparty&#8217;s inability to perform.</div>
      <div style="margin-bottom: 6pt;">The following table represents the Fund&#8217;s use and volume of call/put options written on a monthly&#160;basis:</div>
      <table cellspacing="0" cellpadding="0" id="z2217c2da9dfc44feb4f9b9d01bf9b7cc" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 76%; vertical-align: middle;">&#160;</td>
            <td style="width: 12%; vertical-align: middle;">&#160;</td>
            <td style="width: 12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 76%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: right;"><font style="font-weight: bold;">Average Notional Amount</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Use</font>&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Call</font>&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Put</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Income&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$170,833&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ &#8212;&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Forward Foreign Currency Exchange Contracts</div>
      <div style="margin-bottom: 6pt;">A forward foreign currency exchange contract is an agreement between two parties to exchange two designated currencies at a specific time in the future. Certain types of contracts may be cash settled, in an amount
        equal to the change in exchange rates during the term of the contract. The contracts</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">46 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z8f7aab6533734506920005ce53f2bfc0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">can be used to hedge or manage exposure to foreign currency risks with portfolio investments or to gain exposure to foreign currencies.</div>
      <div style="margin-bottom: 6pt;">The market value of a forward foreign currency exchange contract changes with fluctuations in foreign currency exchange rates. Furthermore, the Fund may be exposed to risk if the counterparties cannot meet the
        contract terms or if the currency value changes unfavorably as compared to the U.S. dollar.</div>
      <div style="margin-bottom: 6pt;">The following table represents the Fund&#8217;s use, and volume of forward foreign currency exchange contracts on a monthly basis:</div>
      <table cellspacing="0" cellpadding="0" id="zf3d90d42d00c44a88534d40b5c6f16d0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 76%; vertical-align: middle;">&#160;</td>
            <td style="width: 12%; vertical-align: middle;">&#160;</td>
            <td style="width: 12%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 76%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="2">
              <div style="text-align: center;"><font style="font-weight: bold;">Average Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Use</font>&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Purchased</font>&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Sold</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Hedge&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 8,913,008&#160;</div>
            </td>
            <td style="width: 12%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 50,765,797&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Derivative Investment Holdings Categorized by Risk Exposure</div>
      <div style="margin-bottom: 6pt;">The following is a summary of the location of derivative investments on the Fund&#8217;s Statement of Assets and Liabilities as of October 31, 2020:</div>
      <table cellspacing="0" cellpadding="0" border="0" id="z2f3f030462aa4081945f847d97711c63" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 60%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Derivative Investment Type</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Asset Derivatives</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Liability Derivatives</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Currency contracts&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">Unrealized&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">Unrealized&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">appreciation&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">depreciation&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">on forward&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">on forward&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">foreign currency&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">foreign currency&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">exchange contracts&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">exchange contracts&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">The following tables set forth the fair value of the Fund&#8217;s derivative investments categorized by primary risk exposure at October 31, 2020:</div>
      <table cellspacing="0" cellpadding="0" id="z4b0832b390b24a64bdc40e4eaacc93bb" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 100%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-weight: bold;">Asset Derivative Investments Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">Forward Foreign Currency Exchange Risk&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: center;">$ 294,336</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-weight: bold;">Liability Derivative Investments Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">Forward Foreign Currency Exchange Risk&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: center;">$ 109,574</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">The following is a summary of the location of derivative investments on the Fund&#8217;s Statement of Operations for the year ended October 31, 2020:</div>
      <table cellspacing="0" cellpadding="0" id="zf5ff67676bd64da389460c732e0d43af" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 31.33%; vertical-align: middle;">&#160;</td>
            <td style="width: 68.67%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 31.33%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 68.67%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Location of Gain (Loss)</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.33%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Derivative Investment Type</font>&#160;</div>
            </td>
            <td style="width: 68.67%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">on Derivatives</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.33%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Currency contracts&#160;</div>
            </td>
            <td style="width: 68.67%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">Net realized gain (loss) on forward foreign currency exchange contracts&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.33%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 68.67%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">Net change in unrealized appreciation (depreciation) on forward foreign&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 68.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">currency exchange contracts&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.33%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Equity contracts&#160;</div>
            </td>
            <td style="width: 68.67%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">Net realized gain (loss) on options written&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.33%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 68.67%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">Net realized gain(loss) on options purchased&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 68.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">Net change in unrealized appreciation (depreciation) on options written&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">47</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z176fc7d9dfc04c85b16532088ff11fbc" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">The following is a summary of the Fund&#8217;s realized gain (loss) and change in unrealized appreciation (depreciation) on derivative investments recognized on the Statement of Operations categorized by primary risk
        exposure for the year ended October 31, 2020:</div>
      <table cellspacing="0" cellpadding="0" id="zace935569a5c47a2af2a9819a75884be" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 59.19%; vertical-align: middle;">&#160;</td>
            <td style="width: 13.27%; vertical-align: middle;">&#160;</td>
            <td style="width: 15.3%; vertical-align: middle;">&#160;</td>
            <td style="width: 12.24%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 87.76%; vertical-align: bottom; border-bottom: #000000 2px solid;" colspan="4" rowspan="1">
              <div style="text-align: center;"><font style="font-weight: bold;">Realized Gain (Loss) on Derivative Investments Recognized on the Statement of Operations:</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.19%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.27%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Forward</font>&#160;</div>
            </td>
            <td style="width: 12.24%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.19%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Options</font>&#160;</div>
            </td>
            <td style="width: 13.27%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Options</font>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Foreign</font>&#160;</div>
            </td>
            <td style="width: 12.24%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.19%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Written</font>&#160;</div>
            </td>
            <td style="width: 13.27%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Purchased</font>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Currency</font>&#160;</div>
            </td>
            <td style="width: 12.24%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.19%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Equity</font>&#160;</div>
            </td>
            <td style="width: 13.27%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Equity</font>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Exchange</font>&#160;</div>
            </td>
            <td style="width: 12.24%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.19%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-weight: bold;">Risk</font>&#160;</div>
            </td>
            <td style="width: 13.27%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-weight: bold;">Risk</font>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-weight: bold;">Risk</font>&#160;</div>
            </td>
            <td style="width: 12.24%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-weight: bold;">Total</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.19%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ (308,467)&#160;</div>
            </td>
            <td style="width: 13.27%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$(511,064)&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 205,261&#160;</div>
            </td>
            <td style="width: 12.24%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ (614,270)&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="4">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 87.76%; vertical-align: bottom;" colspan="4" rowspan="1">
              <div style="text-align: center;"><font style="font-weight: bold;">Change in Unrealized Appreciation (Depreciation) on Derivative Investments</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 72.46%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="4" rowspan="1">
              <div style="text-align: center;"><font style="font-weight: bold;">Recognized on the Statement of Operations</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.19%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.27%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Forward</font>&#160;</div>
            </td>
            <td style="width: 12.24%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.19%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.27%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Options</font>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Foreign</font>&#160;</div>
            </td>
            <td style="width: 12.24%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.19%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.27%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Written</font>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Currency</font>&#160;</div>
            </td>
            <td style="width: 12.24%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.19%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.27%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Equity</font>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Exchange</font>&#160;</div>
            </td>
            <td style="width: 12.24%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.19%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.27%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Risk</font>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Risk</font>&#160;</div>
            </td>
            <td style="width: 12.24%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Total</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 59.19%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.27%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 137,230&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 439,544&#160;</div>
            </td>
            <td style="width: 12.24%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 576,774&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">In conjunction with the use of derivative instruments, the Fund is required to maintain collateral in various forms. Depending on the financial instrument utilized and the broker involved, the Fund uses margin
        deposits at the broker, cash and/or securities segregated at the custodian bank, discount notes or repurchase agreements allocated to the Fund as collateral.</div>
      <div style="margin-bottom: 6pt;">The Fund has established counterparty credit guidelines and enters into transactions only with financial institutions of investment grade or better. The Fund monitors the counterparty credit risk.</div>
      <div style="margin-bottom: 6pt;">Note 4 <font style="font-weight: bold;">&#8211; Offsetting</font></div>
      <div style="margin-bottom: 6pt;">In the normal course of business, the Fund enters into transactions subject to enforceable master netting arrangements or other similar arrangements. Generally, the right to offset in those agreements allows the Fund
        to counteract the exposure to a specific counterparty with collateral received or delivered to that counterparty based on the terms of the arrangements. These arrangements provide for the right to liquidate upon the occurrence of an event of
        default, credit event upon merger or additional termination event.</div>
      <div style="margin-bottom: 6pt;">In order to better define their contractual rights and to secure rights that will help the Fund mitigate its counterparty risk, the Fund may enter into an International Swaps and Derivatives Association, Inc. Master
        Agreement (&#8220;ISDA Master Agreement&#8221;) or similar agreement with its derivative contract counterparties. An ISDA Master Agreement is a bilateral agreement between a fund and a counterparty that governs OTC derivatives, including foreign exchange
        contracts, and typically contains, among other things, collateral posting terms and netting provisions in the event of a default and/or termination event. The provisions of the ISDA Master Agreement typically permit a single net payment in the
        event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.</div>
      <div style="margin-bottom: 6pt;">For derivatives traded under an ISDA Master Agreement, the collateral requirements are typically calculated by netting the mark-to-market amount for each transaction under such agreement and</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">48 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zed1a727c7eb740989b88a737c6fd2922" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">comparing that amount to the value of any collateral currently pledged by the Fund and the counterparty. For financial reporting purposes, cash collateral that has been pledged to cover obligations of the Fund and
        cash collateral received from the counterparty, if any, are reported separately on the Statement of Assets and Liabilities as segregated cash with broker/receivable for variation margin, or payable for swap settlement/variation margin. Cash and/or
        securities pledged or received as collateral by the Fund in connection with an OTC derivative subject to an ISDA Master Agreement generally may not be invested, sold or rehypothecated by the counterparty or the Fund, as applicable, absent an event
        of default under such agreement, in which case such collateral generally may be applied towards obligations due to and payable by such counterparty or the Fund, as applicable. Generally, the amount of collateral due from or to a counterparty must
        exceed a minimum transfer amount threshold (e.g., $300,000) before a transfer is required to be made. To the extent amounts due to the Fund from its counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of
        loss from counterparty nonperformance. The Fund attempts to mitigate counterparty risk by only entering into agreements with counterparties that it believes to be of good standing and by monitoring the financial stability of those counterparties.</div>
      <div style="margin-bottom: 6pt;">For financial reporting purposes, the Fund does not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statement of Assets and Liabilities.</div>
      <div style="margin-bottom: 6pt;">The following tables present derivative financial instruments and secured financing transactions that are subject to enforceable netting arrangements:</div>
      <table cellspacing="0" cellpadding="0" id="z5b512d1ba5e945838037c0ef449475ad" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 13.69%; vertical-align: middle;">&#160;</td>
            <td style="width: 13.69%; vertical-align: middle;">&#160;</td>
            <td style="width: 11.58%; vertical-align: middle;">&#160;</td>
            <td style="width: 11.58%; vertical-align: middle;">&#160;</td>
            <td style="width: 13.68%; vertical-align: middle;">&#160;</td>
            <td style="width: 13.68%; vertical-align: middle;">&#160;</td>
            <td style="width: 12.64%; vertical-align: middle;">&#160;</td>
            <td style="width: 9.48%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Gross</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Net Amounts</font>&#160;</div>
            </td>
            <td style="width: 26.31%; vertical-align: bottom;" colspan="2">
              <div style="text-align: center;"><font style="font-weight: bold;">Gross Amounts Not Offset</font>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Amounts</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">of Assets</font>&#160;</div>
            </td>
            <td style="width: 26.31%; vertical-align: bottom;" colspan="2">
              <div style="text-align: center;"><font style="font-weight: bold;">in the Statement of</font>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Gross</font>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Offset in the</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Presented in</font>&#160;</div>
            </td>
            <td style="width: 26.31%; vertical-align: bottom; border-bottom: #000000 2px solid;" colspan="2">
              <div style="text-align: center;"><font style="font-weight: bold;">Assets and Liabilities</font>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Amounts of</font>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Statement</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">the Statement</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div style="text-indent: 0.15pt;"><font style="font-weight: bold;">Investment</font>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Recognized</font>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">of Assets &amp;</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">of Assets &amp;</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Financial</font>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Collateral</font>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Net</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div><font style="font-weight: bold;">Counterparty</font>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div><font style="font-weight: bold;">Type</font>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-weight: bold;">Assets</font>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-weight: bold;">Liabilities</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-weight: bold;">Liabilities</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-weight: bold;">Instruments</font>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-weight: bold;">Received</font>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Bank of New York&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-indent: 0.1pt;">Forward foreign&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$294,336&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$&#8212;&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$294,336&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$(109,574)&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$&#8212;&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$184,762&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Mellon&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-indent: 0.1pt;">currency&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-indent: 0.1pt;">exchange&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-indent: 0.1pt;">contracts&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Gross</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Net Amounts</font>&#160;</div>
            </td>
            <td style="width: 26.31%; vertical-align: bottom;" colspan="2">
              <div style="text-align: center;"><font style="font-weight: bold;">Gross Amounts Not Offset</font>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Amounts</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">of Liabilities</font>&#160;</div>
            </td>
            <td style="width: 26.31%; vertical-align: bottom;" colspan="2">
              <div style="text-align: center;"><font style="font-weight: bold;">in the Statement of</font>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Gross</font>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Offset in the</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Presented in</font>&#160;</div>
            </td>
            <td style="width: 26.31%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center;"><font style="font-weight: bold;">Assets and Liabilities</font>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Amounts of</font>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Statement</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">the Statement</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom;">
              <div style="text-indent: 0.15pt;"><font style="font-weight: bold;">Investment</font>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Recognized</font>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">of Assets &amp;</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">of Assets &amp;</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Financial</font>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Collateral</font>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Net</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Counterparty</font>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Type</font>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Liabilities</font>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Liabilities</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Liabilities</font>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Instruments</font>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Pledged</font>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Amount</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Bank of New York&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-indent: 0.1pt;">Forward foreign&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$109,574&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$&#8212;&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$109,574&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$(109,574)&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$&#8212;&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$&#8212;&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Mellon&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-indent: 0.1pt;">currency&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-indent: 0.1pt;">exchange&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-indent: 0.1pt;">contracts&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Soci&#233;t&#233;&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-indent: 0.1pt;">Reverse&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">156,028,461&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#8212;&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">156,028,461&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">(156,028,461)&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#8212;&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">&#8212;&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>G&#233;n&#233;rale&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-indent: 0.1pt;">repurchase&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.69%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>agreements&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 11.58%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 13.68%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 12.64%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 9.48%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">The table above does not include the additional collateral pledged to the counterparty for the reverse repurchase agreement. Total additional collateral pledged for the reverse repurchase agreement was $118,747,089.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">49</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z44fd5aff7f1b4d6da23c956b4d5617af" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">Note 5 <font style="font-weight: bold;">&#8211; Fees and Other Transactions</font></div>
      <div style="margin-bottom: 6pt;">Pursuant to an Investment Advisory Agreement between the Fund and Advent, the Investment Adviser is responsible for the daily management of the Fund&#8217;s portfolio of investments, which includes buying and selling
        securities for the Fund, as well as investment research. The Investment Adviser will receive an annual fee from the Fund based on the average value of the Fund&#8217;s Managed Assets. In addition, subject to the approval of the Fund&#8217;s Board, a pro rata
        portion of the salaries, bonuses, health insurance, retirement benefits and similar employment costs for the time spent on Fund operations (other than the provision of services required under the Investment Advisory Agreement) of all personnel
        employed by the Investment Adviser who devote substantial time to Fund operations may be reimbursed by the Fund to the Investment Adviser. For the year ended October 31, 2020, the Investment Adviser was not reimbursed by the Fund for these items.
        The annual fee will be determined as follows:</div>
      <div style="margin-bottom: 6pt;">(a) If the average value of the Fund&#8217;s Managed Assets (calculated monthly) is greater than $250 million, the fee will be a maximum amount equal to 0.54% of the average value of the Fund&#8217;s Managed Assets.</div>
      <div style="margin-bottom: 6pt;">(b) If the average value of the Fund&#8217;s Managed Assets (calculated monthly) is $250 million or less, the fee will be a maximum amount equal to 0.55% of the average value of the Fund&#8217;s Managed Assets.</div>
      <div style="margin-bottom: 6pt;">Pursuant to a Servicing Agreement between the Fund and Guggenheim Funds Distributors, LLC (the &#8220;Servicing Agent&#8221;), the Servicing Agent will act as servicing agent to the Fund. The Servicing Agent will receive an
        annual fee of 0.21% of the average value of the Fund&#8217;s Managed Assets.</div>
      <div style="margin-bottom: 6pt;">For purposes of calculating the fees payable under the foregoing agreements, average daily managed assets means the average daily value of the Fund&#8217;s total assets minus the sum of its accrued liabilities. Total assets
        means all of the Fund&#8217;s assets and is not limited to its investment securities. Accrued liabilities means all of the Fund&#8217;s liabilities other than borrowings for investment purposes.</div>
      <div style="margin-bottom: 6pt;">Certain officers of the Fund may also be officers, directors and/or employees of the Investment Adviser or Servicing Agent. The Fund does not compensate its officers who are officers, directors and/or employees of the
        aforementioned firms.</div>
      <div style="margin-bottom: 6pt;">MUFG Investor Services (US), LLC (&#8220;MUIS&#8221;) acts as the Fund&#8217;s administrator. The Bank of New York Mellon Corp. (&#8220;BNY&#8221;) acts as the Fund&#8217;s custodian and accounting agent. As custodian, BNY is responsible for the custody
        of the Fund&#8217;s assets. As accounting agent, BNY maintains the books and records of the Fund&#8217;s securities and cash. For providing the aforementioned services, MUIS and BNY are entitled to receive a monthly fee equal to an annual percentage of the
        Fund&#8217;s average daily managed assets subject to certain minimum monthly fees and out of pocket expenses.</div>
      <div style="margin-bottom: 6pt;">Note 6 <font style="font-weight: bold;">&#8211; Fair Value Measurement</font></div>
      <div style="margin-bottom: 6pt;">In accordance with U.S. GAAP, fair value is defined as the price that the Fund would receive to sell an investment or pay to transfer a liability in an orderly transaction with an independent buyer in the principal
        market, or in the absence of a principal market, the most advantageous market for the investment or liability. U.S. GAAP establishes a three-tier fair value hierarchy based on the types of</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">50 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zab5d0b202134449c9f4a29b664cd0001" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">inputs used to value assets and liabilities and requires corresponding disclosure. The hierarchy and the corresponding inputs are summarized below:</div>
      <div style="margin-bottom: 6pt;">Level 1 &#8212; quoted prices in active markets for identical assets or liabilities.</div>
      <div style="margin-bottom: 6pt;">Level 2 &#8212; significant other observable inputs (for example quoted prices for securities that are similar based on characteristics such as interest rates, prepayment speeds, credit risk, etc.).</div>
      <div style="margin-bottom: 6pt;">Level 3 &#8212; significant unobservable inputs based on the best information available under the circumstances, to the extent observable inputs are not available, which may include assumptions.</div>
      <div style="margin-bottom: 6pt;">The types of inputs available depend on a variety of factors, such as the type of security and the characteristics of the markets in which it trades, if any. Fair valuation determinations that rely on fewer or no
        observable inputs require greater judgment. Accordingly, fair value determinations for Level 3 securities require the greatest amount of judgment.</div>
      <div style="margin-bottom: 6pt;">Independent pricing services are used to value a majority of the Fund&#8217;s investments. When values are not available from a pricing service, they will be determined using a variety of sources and techniques, including:
        market prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury
        securities, and other information and analysis.</div>
      <div style="margin-bottom: 6pt;">The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The suitability of the techniques and sources employed to determine
        fair valuation are regularly monitored and subject to change.</div>
      <div style="margin-bottom: 6pt;">Note 7 <font style="font-weight: bold;">&#8211; Reverse Repurchase Agreements</font></div>
      <div style="margin-bottom: 6pt;">The Fund may enter into reverse repurchase agreements as part of its financial leverage strategy. Under a reverse repurchase agreement, the Fund temporarily transfers possession of a portfolio instrument to another
        party, such as a bank or broker-dealer, in return for cash. At the same time, the Fund agrees to repurchase the instrument at an agreed upon time and price, which reflects an interest payment. Such agreements have the economic effect of borrowings.
        The Fund may enter into such agreements when it is able to invest the cash acquired at a rate higher than the cost of the agreement, which would increase earned income. When the Fund enters into a reverse repurchase agreement, any fluctuations in
        the market value of either the instruments transferred to another party or the instruments in which the proceeds may be invested would affect the market value of the Fund&#8217;s assets. As a result, such transactions may increase fluctuations in the
        market value of the Fund&#8217;s assets. For the year ended October 31, 2020, the average daily balance for which reverse repurchase agreements were outstanding amounted to $159,412,568. The average interest rate was 3.20%. As of October 31, 2020, there
        were $156,028,461 reverse repurchase agreements outstanding.</div>
      <table cellspacing="0" cellpadding="0" id="z3cca9d8cbf2045158678500f292661fb" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 19.39%; vertical-align: middle;">&#160;</td>
            <td style="width: 43.89%; vertical-align: middle;">&#160;</td>
            <td style="width: 22.44%; vertical-align: middle;">&#160;</td>
            <td style="width: 14.28%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 19.39%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Counterparty</font>&#160;</div>
            </td>
            <td style="width: 43.89%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Interest Rate(s)</font>&#160;</div>
            </td>
            <td style="width: 22.44%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Maturity Date(s)</font>&#160;</div>
            </td>
            <td style="width: 14.28%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Face Value</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 19.39%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>Soci&#233;t&#233; G&#233;n&#233;rale&#160;</div>
            </td>
            <td style="width: 43.89%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3.45%-3.83%&#160;</div>
            </td>
            <td style="width: 22.44%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">12/15/2020-12/15/2022&#160;</div>
            </td>
            <td style="width: 14.28%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 136,027,110&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 19.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Soci&#233;t&#233; G&#233;n&#233;rale&#160;</div>
            </td>
            <td style="width: 43.89%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">1.22%(3 Month USD LIBOR+1.00%)*&#160;</div>
            </td>
            <td style="width: 22.44%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">11/13/20&#160;</div>
            </td>
            <td style="width: 14.28%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">20,001,351&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 19.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 43.89%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 22.44%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 14.28%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 156,028,461&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 63.28%; vertical-align: bottom; background-color: rgb(255, 255, 255);" colspan="4" rowspan="1">
              <div>* Variable rate security. Rate indicated is the rate effective at October 31, 2020.&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">51</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z3b70fb8c431f4d12a6e0ad700b14f372" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">The following is a summary of the remaining contractual maturities of the reverse repurchase agreements outstanding as of October 31, 2020, aggregated by asset class of the related collateral pledged by the Fund:</div>
      <table cellspacing="0" cellpadding="0" id="z9500d58ac6df4e7baea59086d21978ab" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 30.63%; vertical-align: middle;">&#160;</td>
            <td style="width: 19.39%; vertical-align: middle;">&#160;</td>
            <td style="width: 17.34%; vertical-align: middle;">&#160;</td>
            <td style="width: 17.34%; vertical-align: middle;">&#160;</td>
            <td style="width: 15.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 30.63%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 19.39%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Up to</font>&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">31 &#8211; 90</font>&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Greater than</font>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.63%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 19.39%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">30 days</font>&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">days</font>&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">90 days</font>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Total</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.63%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Convertible Bonds&#160;</div>
            </td>
            <td style="width: 19.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 16,118,233&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 70,123,023&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 39,495,406&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 125,736,662&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.63%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div>Convertible Preferred Stocks&#160;</div>
            </td>
            <td style="width: 19.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">3,165,509&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">13,771,675&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">7,756,623&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">24,693,807&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.63%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Corporate Bonds&#160;</div>
            </td>
            <td style="width: 19.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">717,609&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">3,121,986&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">1,758,397&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">5,597,992&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.63%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Total Reverse&#160;</div>
            </td>
            <td style="width: 19.39%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.63%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Repurchase Agreements&#160;</div>
            </td>
            <td style="width: 19.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 20,001,351&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 87,016,684&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 49,010,426&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 156,028,461&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.63%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>Gross amount of&#160;</div>
            </td>
            <td style="width: 19.39%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.63%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>recognized liabilities&#160;</div>
            </td>
            <td style="width: 19.39%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.63%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>for reverse repurchase&#160;</div>
            </td>
            <td style="width: 19.39%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.63%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>agreements&#160;</div>
            </td>
            <td style="width: 19.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 20,001,351&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 87,016,684&#160;</div>
            </td>
            <td style="width: 17.34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 49,010,426&#160;</div>
            </td>
            <td style="width: 15.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 156,028,461&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">Note 8 <font style="font-weight: bold;">&#8211; Borrowings</font></div>
      <div style="margin-bottom: 6pt;">The Fund entered into a senior secured credit agreement dated December 15, 2017, as amended from time to time, with Soci&#233;t&#233; G&#233;n&#233;rale.</div>
      <div style="margin-bottom: 6pt;">Under the terms of the amended credit agreement, the Fund&#8217;s credit facility was as follows through June 17, 2020:</div>
      <table cellspacing="0" cellpadding="0" id="zfdd069993d764be9b9ce4d12e5bc94ab" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 60.59%; vertical-align: middle;">&#160;</td>
            <td style="width: 39.41%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 60.59%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>3.48% fixed rate 3-year maturity&#160;</div>
            </td>
            <td style="width: 39.41%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 114,000,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60.59%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>3.89% fixed rate 5-year maturity&#160;</div>
            </td>
            <td style="width: 39.41%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">114,000,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60.59%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>3 Month USD LIBOR+0.85% floating rate&#160;</div>
            </td>
            <td style="width: 39.41%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">7,000,000&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">An undrawn commitment fee of 0.25% per annum is charged on the difference between the $235,000,000 credit facility and the amount borrowed. If applicable, the undrawn commitment fee is included in interest expense on
        the Statement of Operations.</div>
      <div style="margin-bottom: 6pt;">On June, 17, 2020, the terms of the credit agreement were amended. Under the terms of the amended credit agreement, the Fund&#8217;s credit facility is as follows:</div>
      <table cellspacing="0" cellpadding="0" id="z7b36920c0d0a45539e8c02640d879811" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 60.59%; vertical-align: middle;">&#160;</td>
            <td style="width: 39.41%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 60.59%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>3.48% fixed rate 3-year maturity&#160;</div>
            </td>
            <td style="width: 39.41%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 37,000,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60.59%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div>3.89% fixed rate 5-year maturity&#160;</div>
            </td>
            <td style="width: 39.41%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: right;">114,000,000&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 60.59%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div>3 Month USD LIBOR+0.85% floating rate&#160;</div>
            </td>
            <td style="width: 39.41%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">50,000,000&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">An undrawn commitment fee of 0.30% per annum is charged on the difference between the $50,000,000 floating rate loan commitment and the amount borrowed. If the difference is greater than $13,000,000 the undrawn
        commitment fee is reduced to 0.25%. If applicable, the undrawn commitment fee is included in interest expense on the Statement of Operations.</div>
      <div style="margin-bottom: 6pt;">In the event that the Fund terminates a credit agreement prior to the contractually agreed upon date, the Fund is charged a breakage fee by the counterparty to compensate for the early termination. Such fees are
        recorded as Borrowings breakage fees on the Statement of Operations.</div>
      <div style="margin-bottom: 6pt;">As of October 31, 2020, there was $168,000,000 outstanding in connection with the Fund&#8217;s credit agreement. The average daily amount of borrowings under the credit agreement during the year ended October 31, 2020, was
        $186,494,536, with a related average interest rate of 3.09%. The maximum amount outstanding during the year was $210,000,000. As of October 31, 2020, the total</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">52 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="ze36824f39a09489f86899906f74ab590" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">value of securities segregated as collateral in connection with borrowings under the credit agreement was $466,274,298.</div>
      <div style="margin-bottom: 6pt;">The credit agreement includes usual and customary covenants. These covenants impose on the Fund asset coverage requirements, collateral requirements, investment strategy requirements, and certain financial
        obligations. These covenants place limits or restrictions on the Fund&#8217;s ability to (i) enter into additional indebtedness with a party other than the counterparty, (ii) change its fundamental investment policy, or (iii) pledge to any other party,
        other than to the counterparty, securities owned or held by the Fund over which the counterparty has a lien. In addition, the Fund is required to deliver financial information to the counterparty within established deadlines, maintain an asset
        coverage ratio (as defined in Section 18(g) of the 1940 Act) greater than 300%, comply with the rules of the stock exchange on which its shares are listed, and maintain its classification as a &#8220;closed-end management investment company&#8221; as defined
        in the 1940 Act.</div>
      <div style="margin-bottom: 6pt;">There is no guarantee that the Fund&#8217;s leverage strategy will be successful. The Fund&#8217;s use of leverage may cause the Fund&#8217;s NAV and market price of common shares to be more volatile and can magnify the effect of any
        losses.</div>
      <div style="margin-bottom: 6pt;">Note 9 &#8211; <font style="font-weight: bold;">Federal Income Tax Information</font></div>
      <div style="margin-bottom: 6pt;">The Fund intends to continue to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies. Accordingly, no provision for U.S. federal
        income taxes is required. In addition, by distributing substantially all of its ordinary income and long-term capital gains, if any, during each calendar year, the Fund avoids a 4% federal excise tax that is assessed on the amount of the under
        distribution.</div>
      <div style="margin-bottom: 6pt;">In order to present paid-in capital in excess of par and total distributable earnings or losses on the Statement of Assets and Liabilities that more closely represent their tax character, certain adjustments have been
        made to total distributable earnings or losses and paid-in capital. For the year ended October 31, 2020, the adjustments were to increase paid-in capital by $131,691 and decrease total distributable earnings (loss) by $131,691 due to the difference
        in the treatment for book and tax purposes of distributions, real estate investment trusts, and partnerships.</div>
      <div style="margin-bottom: 6pt;">As of October 31, 2020, the cost of investments for U.S. federal income tax purposes, the aggregate gross unrealized appreciation for all investments for which there was an excess of value over tax cost, and the
        aggregate gross unrealized depreciation for all investments for which there was an excess of tax cost over value, were as follows:</div>
      <table cellspacing="0" cellpadding="0" border="0" id="z1ea50e69ac78404194955ef5a8e399e3" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 25%; vertical-align: middle;">&#160;</td>
            <td style="width: 25%; vertical-align: middle;">&#160;</td>
            <td style="width: 25%; vertical-align: middle;">&#160;</td>
            <td style="width: 25%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Net Tax</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Tax</font>&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Tax</font>&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Unrealized</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Tax</font>&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Unrealized</font>&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Unrealized</font>&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Appreciation/</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Cost</font>&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Appreciation</font>&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Depreciation</font>&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">(Depreciation)</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$844,443,220&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$62,324,442&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$(15,401,654)&#160;</div>
            </td>
            <td style="width: 25%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$46,922,788&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">The differences between book basis and tax basis unrealized appreciation/(depreciation) are primarily attributable to the tax deferral of losses on wash sales, the mark-to-market of certain derivatives, real estate
        investment trusts, contingent payment debt instruments and additional income adjustments for tax purposes on certain convertible securities.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">53</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z8be59d891e8e4ecca2d13a068910d0a0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">As of October 31, 2020, tax components of distributable earnings (loss) were as follows:</div>
      <table cellspacing="0" cellpadding="0" id="zdc7adab9fa494b4ca69ad875a59aa628" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 33%; vertical-align: middle;">&#160;</td>
            <td style="width: 33%; vertical-align: middle;">&#160;</td>
            <td style="width: 33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Undistributed</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Undistributed</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Ordinary</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Long-Term</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Income</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Capital Gain</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Net Unrealized</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">(Accumulated</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">(Accumulated</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Appreciation/</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Ordinary Loss)</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Capital Loss)</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">(Depreciation)</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ &#8212;&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$(29,870,566)&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$45,775,425&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">The components of distributable earnings&#8217; differences between book basis and tax basis are attributable to the tax deferral of losses on wash sales, straddle loss deferrals, and additional income adjustments on
        certain convertible bonds.</div>
      <div style="margin-bottom: 6pt;">At October 31, 2020, the Fund had a capital loss carryforward available as shown in the table below, to offset possible future capital gains. Under the RIC Modernization Act of 2010, the Fund is permitted to carry
        forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital loss carryforwards will retain their character as either short-term or long-term capital losses.</div>
      <table cellspacing="0" cellpadding="0" border="0" id="zae4488f4ca7d4a0e9594768dea1ad5e1" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 33%; vertical-align: middle;">&#160;</td>
            <td style="width: 33%; vertical-align: middle;">&#160;</td>
            <td style="width: 33%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 33%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Total</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Unlimited</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Unlimited</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-weight: bold;">Capital Loss</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Short-Term</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Long-Term</font>&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Carryforward</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 33%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$(24,565,044)&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$(5,305,522)&#160;</div>
            </td>
            <td style="width: 33%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$(29,870,566)*&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; text-indent: -10pt; margin-left: 10pt;">*&#160; In accordance with Sections 382-384 of the Internal Revenue Code, a portion of certain Fund losses are subject to an annual limitation. This annual limitation is generally
        applicable to all of the capital loss carryforwards shown.</div>
      <div style="margin-bottom: 6pt;">For the year ended October 31, 2020, the capital loss carryforward amount utilized was $3,715,584.</div>
      <div style="margin-bottom: 6pt;">For the years ended October 31, 2020 and 2019, the tax character of distributions paid, as reflected on the Statements of Changes in Net Assets, of $11,875,142 and $19,250,159 was ordinary income and $36,681,130 and
        $29,306,113 was return of capital, respectively.</div>
      <div style="margin-bottom: 6pt;">For all open tax years and all major jurisdictions, management of the Fund has concluded that there are no significant uncertain tax positions that would require recognition in the financial statements. Uncertain tax
        positions are tax positions taken or expected to be taken in the course of preparing the Fund&#8217;s tax returns that would not meet a more-likely-than not threshold of being sustained by the applicable tax authority and would be recorded as a tax
        expense in the current year. Open tax years are those that are open for examination by taxing authorities (i.e., generally the last four tax year ends and the interim tax period since then). Furthermore, management of the Fund is also not aware of
        any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.</div>
      <div style="margin-bottom: 6pt;">Note 10 <font style="font-weight: bold;">&#8211; Security Transactions</font></div>
      <div style="margin-bottom: 6pt;">For the year ended October 31, 2020, the cost of purchases and proceeds from sales of investment securities, excluding short-term securities and derivatives, were as follows:</div>
      <table cellspacing="0" cellpadding="0" border="0" id="z5819f7a2b697495b998bc988775996b6" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 80%; vertical-align: middle;">&#160;</td>
            <td style="width: 20%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 80%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Purchases</font>&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-weight: bold;">Sales</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 80%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 1,895,693,930&#160;</div>
            </td>
            <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;">$ 1,936,503,570&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">54 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z29cf1b3822554b74b3bbdf27f42329b8" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 70.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 29.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 70.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS continued</font>&#160;</div>
            </td>
            <td style="width: 29.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">Note 11 <font style="font-weight: bold;">&#8211; Capital</font></div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Common Shares</font></div>
      <div style="margin-bottom: 6pt;">The Fund has an unlimited amount of common shares, $0.001 par value, authorized and 34,525,222 issued and outstanding. In connection with the Fund&#8217;s dividend reinvestment plan, the Fund did not issue shares during the
        year ended October 31, 2020, or the year ended October 31, 2019. As of October 31, 2020, Advent owned 153,048 shares of the Fund.</div>
      <div style="margin-bottom: 6pt;">Note 12 <font style="font-weight: bold;">&#8211; Recent Accounting Pronouncements</font></div>
      <div style="margin-bottom: 6pt;">In March 2017, the Financial Accounting Standards Board issued an Accounting Standards Update, ASU 2017-08, Receivables &#8211; Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased
        Callable Debt Securities (the &#8220;2017 ASU&#8221;) which amends the amortization period for certain purchased callable debt securities held at a premium, shortening such period to the earliest call date. The 2017 ASU does not require any accounting change
        for debt securities held at a discount; the discount continues to be amortized to maturity.</div>
      <div style="margin-bottom: 6pt;">As of November 1, 2019, the Fund has fully adopted the provisions of the 2017 ASU which was applied on a modified retrospective basis, as prescribed. The adoption did not result in a cumulative-effect adjustment as of
        the beginning of the period and had no impact on total distributable earnings, net assets, the current period results from operations, or any prior period information presented in the financial statements.</div>
      <div style="margin-bottom: 6pt;">Note 13 <font style="font-weight: bold;">&#8211; Subsequent Events:</font></div>
      <div style="margin-bottom: 6pt;">On November 2, 2020, the Fund declared a monthly distribution to common shareholders of $0.1172 per common share. The distribution is payable on November 30, 2020 to shareholders of record on November 13, 2020.</div>
      <div style="margin-bottom: 6pt;">On December 1, 2020, the Fund declared a monthly distribution to common shareholders of $0.1172 per common share. The distribution is payable on December 31, 2020 to shareholders of record on December 15, 2020.</div>
      <div style="margin-bottom: 6pt;">Effective December 3, 2020, Nancy E. Stuebe was appointed to serve as an Independent Trustee of the Fund.</div>
      <div style="margin-bottom: 6pt;">The Fund has performed an evaluation of subsequent events through the date of issuance of this report and has determined that there are no material events that would require disclosure other than the events disclosed
        above.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">55</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z3a1d3e4e56c34c618a6e01827bf140e8" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 82.82%; vertical-align: middle;">&#160;</td>
            <td style="width: 17.18%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 82.82%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">CERTAIN CHANGES OCCURRING DURING THE PRIOR FISCAL YEAR</font>&#160;</div>
            </td>
            <td style="width: 17.18%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">The following information is a summary of certain changes during the most recent fiscal year. This information may not reflect all of the changes that have occurred since you purchased shares of the Fund.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Change to Principal Risk Factors</div>
      <div style="margin-bottom: 6pt;">The following principal risk disclosure has been added:</div>
      <div style="margin-bottom: 6pt;"><font style="font-style: italic;">Recent Market, Economic and Social Developments Risk.</font> Periods of market volatility remain, and may continue to occur in the future, in response to various political, social and
        economic events both within and outside the United States. These conditions have resulted in, and in many cases continue to result in, greater price volatility, less liquidity, widening credit spreads and a lack of price transparency, with many
        securities remaining illiquid and of uncertain value. Risks resulting from any future debt or other economic crisis could also have a detrimental impact on the global economic recovery, the financial condition of financial institutions and the
        Fund&#8217;s business, financial condition and results of operation.</div>
      <div style="margin-bottom: 6pt;">The outbreak of infectious respiratory illness caused by a novel coronavirus known as &#8220;COVID-19&#8221; is causing materially reduced consumer demand and economic output, disrupting supply chains, resulting in market
        closures, travel restrictions and quarantines, and adversely impacting local and global economies. As with other serious economic disruptions, governmental authorities and regulators are responding to this crisis with significant fiscal and
        monetary policy changes, including by providing direct capital infusions into companies, introducing new monetary programs and considerably lowering interest rates, which in some cases resulted in negative interest rates. These actions, including
        their possible unexpected or sudden reversal or potential ineffectiveness, could further increase volatility in securities and other financial markets, reduce market liquidity, heighten investor uncertainty and adversely affect the value of the
        Fund&#8217;s investments and the performance of the Fund.</div>
      <div style="margin-bottom: 6pt;">The current economic situation and the unprecedented measures taken by state, local and national governments around the world to combat the spread of COVID-19, as well as various social, political and psychological
        tensions in the United States and around the world, may continue to contribute to severe market disruptions and volatility and reduced economic activity, may have long-term negative effects on the U.S. and worldwide financial markets and economy
        and may cause further economic uncertainties in the United States and worldwide. The prolonged continuation or further deterioration of the current U.S. and global economic downturn could adversely impact the Fund&#8217;s portfolio. It is difficult to
        predict how long the financial markets and economic activity will continue to be impacted by these events and the Fund cannot predict the effects of these or similar events in the future on the U.S. economy and securities markets.</div>
      <div style="margin-bottom: 6pt;">In March 2020, the U.S. Federal Reserve made two emergency interest-rate cuts, moving short-term rates to near zero, issued forward guidance that rates will remain low until the economy weathers the COVID-19 crisis,
        and resumed quantitative easing. Additionally, Congress approved a $2 trillion stimulus package to offset the severity and duration of a potential COVID-19-related recession and is currently discussing additional stimulus spending. Dozens of
        central banks across Europe, Asia, and elsewhere have announced similar economic relief packages.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">56 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z04a5b5c14e254e8695421f1bc168dd5f" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 77.78%; vertical-align: middle;">&#160;</td>
            <td style="width: 22.22%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 77.78%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS</font>&#160;</div>
            </td>
            <td style="width: 22.22%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Investment Objective and Policies</div>
      <div style="margin-bottom: 6pt;">The Fund&#8217;s investment objective is to provide total return through a combination of capital appreciation and current income. Under normal market conditions, the Fund will invest at least 80% of its managed assets in a
        diversified portfolio of convertible securities and non-convertible income securities. Under normal market conditions, the Fund will invest at least 30% of its managed assets in convertible securities and up to 70% of its managed assets in
        non-convertible income securities. The Fund may invest without limitation in securities of foreign issuers.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Principal Risks</div>
      <div style="margin-bottom: 6pt; font-style: italic;">Investors should consider the following risk factors and special considerations associated with investing in the Fund. Investors should be aware that in light of the current uncertainty, volatility
        and distress in economies, financial markets, and labor and health conditions over the world, the risks below are heightened significantly compared to normal conditions and therefore subject the Fund&#8217;s investments and a shareholder&#8217;s investment in
        the Fund to elevated investment risk, including the possible loss of the entire principal amount invested.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Investment and Market Risk. </font>An investment in the Fund is subject to investment risk, particularly under current economic, financial, labor and health conditions, including the
        possible loss of the entire principal amount that you invest. An investment in the common shares of the Fund represents an indirect investment in the securities owned by the Fund. The value of, or income generated by, the investments held by the
        Fund are subject to the possibility of rapid and unpredictable fluctuation. These movements may result from factors affecting individual companies, or from broader influences, including real or perceived changes in prevailing interest rates,
        changes in inflation or expectations about inflation, investor confidence or economic, political, social or financial market conditions (such as the current contentious political climate in the United States following the presidential election),
        environmental disasters, governmental actions, public health emergencies (such as the spread of infectious diseases, pandemics and epidemics) and other similar events, that each of which may be temporary or last for extended periods of time.
        Different sectors, industries and security types may react differently to such developments and, when the market performs well, there is no assurance that the Fund&#8217;s investments will increase in value along with the broader markets. Volatility of
        financial markets, including potentially extreme volatility caused by the events described above, can expose the Fund to greater market risk than normal, possibly resulting in greatly reduced liquidity. At any point in time, your common shares may
        be worth less than your original investment, including the reinvestment of Fund dividends and distributions.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Market Discount Risk. </font>Shares of closed-end management investment companies frequently trade at a discount from their net asset value, which is a risk separate and distinct from
        the risk that the Fund&#8217;s net asset value could decrease as a result of its investment activities. Although the value of the Fund&#8217;s net assets is generally considered by market participants in determining whether to purchase or sell common shares,
        and at what price to do so, whether investors will realize gains or losses upon the sale of common shares will depend entirely upon whether the market price of common shares at the time of sale is above or below the investor&#8217;s purchase price for
        common shares. Because the market price of common shares will be determined by factors such as net asset value, dividend and distribution levels (which are dependent, in part, on expenses), supply of and demand for common shares, stability of
        dividends or distributions, trading volume of common</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">57</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="ze30d7ea5be2444fe945c2be542583d6e" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
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      </table>
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      <div style="margin-bottom: 6pt;">shares, general market and economic conditions and other factors beyond the control of the Fund, the Fund cannot predict whether common shares will trade at, below or above net asset value or at, below or above an
        investor&#8217;s initial purchase price for common shares.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Convertible Securities Risk. </font>Convertible securities are hybrid securities that combine the investment characteristics of bonds and common stocks. Convertible securities involve
        risks similar to those of both fixed income and equity securities. In a corporation&#8217;s capital structure, convertible securities are senior to common stock, but are usually subordinated to senior debt obligations of the issuer.</div>
      <div style="margin-bottom: 6pt;">The market value of a convertible security is a function of its &#8220;investment value&#8221; and its &#8220;conversion value.&#8221; A security&#8217;s &#8220;investment value&#8221; represents the value of the security without its conversion feature (i.e.,
        a nonconvertible fixed income security). The investment value may be determined by reference to its credit quality and the current value of its yield to maturity or probable call date. At any given time, investment value is dependent upon such
        factors as the general level of interest rates, the yield of similar nonconvertible securities, the financial strength of the issuer, and the seniority of the security in the issuer&#8217;s capital structure. A security&#8217;s &#8220;conversion value&#8221; is determined
        by multiplying the number of shares the holder is entitled to receive upon conversion or exchange by the current price of the underlying security. If the conversion value of a convertible security is significantly below its investment value, the
        convertible security will trade like nonconvertible debt or preferred stock and its market value will not be influenced greatly by fluctuations in the market price of the underlying security. In that circumstance, the convertible security takes on
        the characteristics of a bond, and its price moves in the opposite direction from interest rates. Conversely, if the conversion value of a convertible security is near or above its investment value, the market value of the convertible security will
        be more heavily influenced by fluctuations in the market price of the underlying security. In that case, the convertible security&#8217;s price may be as volatile as that of common stock. Because both interest rates and market movements can influence its
        value, a convertible security generally is not as sensitive to interest rates as a similar fixed income security, nor is it as sensitive to changes in share price as its underlying equity security. Convertible securities are often rated below
        investment grade or are not rated.</div>
      <div style="margin-bottom: 6pt;">Although all markets are prone to change over time, the generally high rate at which convertible securities are retired (through mandatory or scheduled conversions by issuers or through voluntary redemptions by
        holders) and replaced with newly issued convertibles may cause the convertible securities market to change more rapidly than other markets. For example, a concentration of available convertible securities in a few economic sectors could elevate the
        sensitivity of the convertible securities market to the volatility of the equity markets and to the specific risks of those sectors. Moreover, convertible securities with innovative structures, such as mandatory-conversion securities and
        equity-linked securities, have increased the sensitivity of the convertible securities market to the volatility of the equity markets and to the special risks of those innovations, which may include risks different from, and possibly greater than,
        those associated with traditional convertible securities. A convertible security may be subject to redemption at the option of the issuer at a price set in the governing instrument of the convertible security. If a convertible security held by the
        Fund is subject to such redemption option and is called for redemption, the Fund must allow the issuer to redeem the security, convert it into the underlying common stock, or sell the security to a third party.</div>
      <div style="margin-bottom: 6pt;">As a result of the conversion feature, convertible securities typically offer lower interest rates than if the securities were not convertible. During periods of rising interest rates, it is possible that the</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">58 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z57efbc28b94c48d3bd2516c0c30803c5" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 83.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
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      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">potential for capital gain on convertible securities may be less than that of a common stock equivalent if the yield on the convertible security is at a level that would cause it to sell at discount.</div>
      <div style="margin-bottom: 6pt;">Also, in the absence of adequate anti-dilution provisions in a convertible security, dilution in the value of the Fund&#8217;s holding may occur in the event the underlying stock is subdivided, additional securities are
        issued, a stock dividend is declared, or the issuer enters into another type of corporate transaction which increases its outstanding securities.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Structured and Synthetic Convertible Securities Risk. </font>The value of structured and synthetic convertible securities can be affected by interest rate changes and credit risks of
        the issuer. Such securities may be structured in ways that limit their potential for capital appreciation and the entire value of the security may be at a risk of loss depending on the performance of the underlying equity security. Structured and
        synthetic convertible securities may be less liquid than other convertible securities. The value of a synthetic convertible security will respond differently to market fluctuations than a convertible security because a synthetic convertible
        security is composed of two or more separate securities, each with its own market value. In addition, if the value of the underlying common stock or the level of the index involved in the convertible component falls below the exercise price of the
        warrant or option, the warrant or option may lose all value.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Equity Securities Risk. </font>Equity securities risk is the risk that the value of the securities held by the Fund will fall due to general market and economic conditions,
        perceptions regarding the industries in which the issuers of securities held by the Fund participate or factors relating to specific companies in which the Fund invests. Stock of an issuer in the Fund&#8217;s portfolio may decline in price if the issuer
        fails to make anticipated dividend payments because, among other reasons, the issuer of the security experiences a decline in its financial condition. Common stock in which the Fund may invest is structurally subordinated to preferred stock, bonds
        and other debt instruments in a company&#8217;s capital structure, in terms of priority to corporate income, and therefore will be subject to greater dividend risk than preferred stock or debt instruments of such issuers. In addition, while common stock
        has historically generated higher average returns than fixed income securities, common stock has also experienced significantly more volatility in those returns. An adverse event, such as an unfavorable earnings report, may depress the value of
        common stock of an issuer held by the Fund. Common stocks are susceptible to general stock market fluctuations and to volatile increases and decreases in value as market confidence in and perceptions of their issuers change. These investor
        perceptions are based on various and unpredictable factors including expectations regarding: government, economic, monetary and fiscal policies; inflation and interest rates; economic expansion or contraction; and global or regional political,
        economic and banking crises.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Interest Rate Risk. </font>Convertible securities and non-convertible income-producing securities (including preferred stock and debt securities) (collectively &#8220;income securities&#8221;)
        are subject to certain interest rate risks, including:</div>
      <div style="margin-bottom: 6pt;">If interest rates go up, the value of income securities in the Fund&#8217;s portfolio generally will decline. These risks may be greater in the current market environment because interest rates are near historically low
        levels.</div>
      <div style="margin-bottom: 6pt;">During periods of declining interest rates, the issuer of an income security may exercise its option to prepay principal earlier than scheduled, forcing the Fund to reinvest in lower yielding income securities. This
        is known as call or prepayment risk. Lower grade income securities have call features</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">59</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
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      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z146b63dea171407586f49c3f98dad8c2" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          </tr>
          <tr>
            <td style="width: 83.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
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      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">that allow the issuer to repurchase the security prior to its stated maturity. An issuer may redeem a lower grade income security if the issuer can refinance the security at a lower cost due to declining interest
        rates or an improvement in the credit standing of the issuer.</div>
      <div style="margin-bottom: 6pt;">During periods of rising interest rates, the average life of certain types of income securities may be extended because of slower than expected principal payments. This may lock in a below market interest rate,
        increase the security&#8217;s duration (the estimated period until the security is paid in full) and reduce the value of the security. This is known as extension risk.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Credit Risk. </font>Credit risk is the risk that one or more income securities in the Fund&#8217;s portfolio will decline in price, or fail to pay interest or principal when due, because
        the issuer of the security experiences a decline in its financial status. The Fund&#8217;s investments in income securities involve credit risk. However, in general, lower rated, lower grade and noninvestment grade income securities carry a greater
        degree of risk that the issuer will lose its ability to make interest and principal payments, which could have a negative impact on the Fund&#8217;s net asset value or dividends.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Lower Grade Securities Risk. </font>Investing in lower grade and non-investment grade securities involves additional risks. Securities of below investment grade quality are commonly
        referred to as &#8220;junk bonds&#8221; or &#8220;high yield securities.&#8221; Investment in securities of below investment grade quality involves substantial risk of loss. Securities of below investment grade quality are predominantly speculative with respect to the
        issuer&#8217;s capacity to pay interest and repay principal when due and therefore involve a greater risk of default or decline in market value due to adverse economic and issuer-specific developments. Issuers of below investment grade securities are not
        perceived to be as strong financially as those with higher credit ratings. Issuers of lower grade securities may be highly leveraged and may not have available to them more traditional methods of financing. Therefore, the risks associated with
        acquiring the securities of such issuers generally are greater than is the case with higher rated securities. These issuers are more vulnerable to financial setbacks and recession than more creditworthy issuers, which may impair their ability to
        make interest and principal payments. The issuer&#8217;s ability to service its debt obligations also may be adversely affected by specific issuer developments, the issuer&#8217;s inability to meet specific projected business forecasts or the unavailability of
        additional financing. Therefore, there can be no assurance that in the future there will not exist a higher default rate relative to the rates currently existing in the market for lower grade securities. The risk of loss due to default by the
        issuer is significantly greater for the holders of lower grade securities because such securities may be unsecured and may be subordinate to other creditors of the issuer. Securities of below investment grade quality display increased price
        sensitivity to changing interest rates and to a deteriorating economic environment. The market values for securities of below investment grade quality tend to be more volatile and such securities tend to be less liquid than investment grade debt
        securities. To the extent that a secondary market does exist for certain below investment grade securities, the market for them may be subject to irregular trading activity, wide bid/ask spreads and extended trade settlement periods.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Debt Securities Risk. </font>Debt securities are subject to a variety of risks, such as interest rate risk, income risk, call/prepayment risk, inflation risk, credit risk, and (in the
        case of foreign securities) country risk and currency risk. The reorganization of an issuer under the federal bankruptcy laws may result in the issuer&#8217;s debt securities being cancelled without repayment, repaid only in part, or repaid in part or in
        whole through an exchange thereof for any combination of cash, debt securities,</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">60 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zedd2fd2ecade4052b360aa4b03d7df4b" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          </tr>
          <tr>
            <td style="width: 83.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
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      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">convertible securities, equity securities, or other instruments or rights in respect of the same issuer or a related entity.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Preferred Securities Risk. </font>There are special risks associated with investing in preferred securities, including:</div>
      <div style="margin-bottom: 6pt;"><font style="font-style: italic;">Deferral. </font>Preferred securities may include provisions that permit the issuer, at its discretion, to defer distributions for a stated period without any adverse consequences to
        the issuer. If the Fund owns a preferred security that is deferring its distributions, the Fund may be required to report income for tax purposes although it has not yet received such income.</div>
      <div style="margin-bottom: 6pt;"><font style="font-style: italic;">Non-Cumulative Dividends. </font>Some preferred stocks are non-cumulative, meaning that the dividends do not accumulate and need not ever be paid. A portion of the portfolio may
        include investments in non-cumulative preferred securities, whereby the issuer does not have an obligation to make up any arrearages to its shareholders. Should an issuer of a non-cumulative preferred stock held by the Fund determine not to pay
        dividends on such stock, the amount of dividends the Fund pays may be adversely affected. There is no assurance that dividends or distributions on noncumulative preferred stocks in which the Fund invests will be declared or otherwise made payable.</div>
      <div style="margin-bottom: 6pt;"><font style="font-style: italic;">Subordination. </font>Preferred securities are subordinated to bonds and other debt instruments in a company&#8217;s capital structure in terms of priority to corporate income and
        liquidation payments, and therefore will be subject to greater credit risk than more senior debt instruments.</div>
      <div style="margin-bottom: 6pt;"><font style="font-style: italic;">Liquidity. </font>Preferred securities may be substantially less liquid than many other securities, such as common stocks or U.S. government securities.</div>
      <div style="margin-bottom: 6pt;"><font style="font-style: italic;">Limited Voting Rights. </font>Generally, preferred security holders (such as the Fund) have no voting rights with respect to the issuing company unless preferred dividends have been
        in arrears for a specified number of periods, at which time the preferred security holders may have the right to elect a number of directors to the issuer&#8217;s board. Generally, once all the arrearages have been paid, the preferred security holders no
        longer have voting rights.</div>
      <div style="margin-bottom: 6pt;"><font style="font-style: italic;">Special Redemption Rights. </font>In certain varying circumstances, an issuer of preferred securities may redeem the securities prior to a specified date. For instance, for certain
        types of preferred securities, a redemption may be triggered by a change in federal income tax or securities laws. As with call provisions, a redemption by the issuer may negatively impact the return of the security held by the Fund.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Foreign Securities Risk. </font>Investing in foreign issuers or securities denominated in non-U.S. currencies may involve certain risks not typically associated with investing in
        securities of U.S. issuers due to increased exposure to foreign economic, political and legal developments, including favorable or unfavorable changes in currency exchange rates, exchange control regulations (including currency blockage),
        confiscatory taxation, political or social instability, illiquidity, price volatility, market manipulation, expropriation or nationalization of assets, imposition of withholding taxes on payments, and possible difficulty in obtaining and enforcing
        judgments against foreign entities. Furthermore, issuers of foreign securities and obligations are subject to different, often less comprehensive, accounting, reporting and disclosure requirements than domestic issuers. The securities and
        obligations of some foreign companies and foreign markets are less liquid and at</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">61</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc415fe39b4144a79b46a7ce1edfec7f0" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          </tr>
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            <td style="width: 83.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
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      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">times more volatile than comparable U.S. securities, obligations and markets. Securities markets in foreign countries often are not as developed, efficient or liquid as securities markets in the United States, and
        therefore, the prices of foreign securities can be more volatile. Certain foreign countries may impose restrictions on the ability of issuers to make payments of principal and interest to investors located outside the country. In the event of
        nationalization, expropriation or other confiscation, the Fund could lose its entire investment in a foreign security. Transaction costs of investing outside the U.S. are generally higher than in the U.S. Higher costs result because of the cost of
        converting a foreign currency to dollars, the payment of fixed brokerage commissions on some foreign exchanges and the imposition of transfer taxes or transaction charges by foreign exchanges. Non-U.S. markets also have different clearance and
        settlement procedures which in some markets have at times failed to keep pace with the volume of transactions, thereby creating substantial delays and settlement failures that could adversely affect the Fund&#8217;s performance. Foreign brokerage
        commissions and other fees are also generally higher than in the United States. There are also special tax considerations which apply to securities and obligations of foreign issuers and securities and obligations principally traded overseas. These
        risks may be more pronounced to the extent that the Fund invests a significant amount of its assets in companies located in one country or geographic region, in which case the Fund may be more exposed to regional economic risks, and to the extent
        that the Fund invests in securities of issuers in emerging markets.</div>
      <div style="margin-bottom: 6pt;">On January 31, 2020, the United Kingdom officially withdrew from the EU and the two sides entered into a transition phase, scheduled to conclude on December 31, 2020, where the United Kingdom effectively remains in
        the EU from an economic perspective, but no longer has any political representation in the EU parliament. During this transition phase, which could be extended beyond December of 2020, the United Kingdom is expected to negotiate a new trade deal
        with the EU. Due to political uncertainty, it is not possible to anticipate whether the United Kingdom and the EU will be able to agree and implement a new trade agreement or what the nature of such trade arrangement will be. Throughout the
        withdrawal process and afterward, the impact on the United Kingdom and Economic and Monetary Union and the broader global economy is unknown but could be significant and could result in increased volatility and illiquidity and potentially lower
        economic growth. The political divisions surrounding Brexit within the United Kingdom, as well as those between the UK and the EU, may also have a destabilizing impact on the economy and currency of the United Kingdom and the EU. Any further exits
        from member states of the EU, or the possibility of such exits, would likely cause additional market disruption globally and introduce new legal and regulatory uncertainties.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Emerging Markets Risk. </font>Investments in securities the issuers of which are located in countries considered to be emerging markets are subject to heightened risks relative to
        foreign investing generally and are considered speculative. Investing in emerging market countries involves certain risks not typically associated with investing in the United States, and it imposes risks greater than, or in addition to, risks of
        investing in more developed foreign countries. These risks include, but are not limited to, the following: greater risks of nationalization or expropriation of assets or confiscatory taxation; currency devaluations and other currency exchange rate
        fluctuations; greater social, economic, and political uncertainty and instability (including amplified risk of war and terrorism); more substantial government involvement in the economy; less government supervision and regulation of the securities
        markets and participants in those markets, and possible arbitrary and unpredictable enforcement of securities regulations; controls on foreign investment and limitations</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">62 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
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      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z65ec23bd501544ac982dc7a6a2ccf79a" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          </tr>
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            <td style="width: 83.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">on repatriation of invested capital and on the Fund&#8217;s ability to exchange local currencies for U.S. dollars; unavailability of currency-hedging techniques in certain emerging market countries; the fact that companies
        in emerging market countries may be smaller, less seasoned, or newly organized; the difference in, or lack of, auditing and financial reporting standards, which may result in unavailability of material information about issuers; the risk that it
        may be more difficult to obtain and/or enforce a judgment in a court outside the United States; and greater price volatility, substantially less liquidity, and significantly smaller market capitalization of securities markets. Compared to developed
        countries, emerging market countries may have relatively unstable governments, economies based on only a few industries and securities markets that trade a small number of securities. Securities issued by companies located in emerging market
        countries tend to be especially volatile and may be less liquid than securities traded in developed countries. In the past, securities in these countries have been characterized by greater potential loss than securities of companies located in
        developed countries. Foreign investment in certain emerging market countries may be restricted or controlled to varying degrees. These restrictions or controls may at times limit or preclude foreign investment in certain emerging market issuers and
        increase the costs and expenses of the Fund. Certain emerging market countries require governmental approval prior to investments by foreign persons in a particular issuer, limit the amount of investment by foreign persons in a particular issuer,
        limit the investment by foreign persons only to a specific class of securities of an issuer that may have less advantageous rights than the classes available for purchase by domiciliaries of the countries and/or impose additional taxes on foreign
        investors.</div>
      <div style="margin-bottom: 6pt;">Investments in issuers located in emerging markets pose a greater degree of systemic risk. The inter-relatedness of institutions within a country and among emerging market economies has increased in recent years.
        Institutional failures or economic difficulties may spread throughout a country, region or emerging market countries throughout the world, which may limit the ability of the Fund to manage risk through geographic diversification. Bankruptcy law and
        creditor reorganization processes may differ substantially from those in the United States, resulting in greater uncertainty as to the rights of creditors, the enforceability of such rights, reorganization timing and the classification, seniority
        and treatment of claims.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Foreign Currency Risk. </font>The Fund&#8217;s investment performance may be negatively affected by a devaluation of a currency in which the Fund&#8217;s investments are denominated or quoted.
        Further, the Fund&#8217;s investment performance may be significantly affected, either positively or negatively, by currency exchange rates because the U.S. dollar value of securities denominated or quoted in another currency will increase or decrease in
        response to changes in the value of such currency in relation to the U.S. dollar. Foreign currency rates may fluctuate significantly over short periods of time for various reasons, including changes in interest rates, inflation, balance of
        payments, governmental surpluses or deficits, intervention or non-intervention by U.S. or foreign governments, central banks or supranational entities, the imposition of currency controls and political developments in the U.S. and abroad. The Fund
        may, but is not required, to seek to protect itself from changes in currency exchange rates through hedging transactions depending on market conditions. There can be no assurance that such strategies will be available or will be used by the Fund
        or, if used, will be successful. Certain countries, particularly emerging market countries, may impose foreign currency exchange controls or other restrictions on the repatriation, transferability or convertibility of currency. The Fund may attempt
        within the parameters of currency and exchange</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">63</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z343989be94744160b10fca002db1f6ac" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 83.84%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 83.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">controls that may be in effect, to obtain rights to exchange its invested capital, dividends, interest, fees, other distributions and capital gains into convertible currencies. Further, the Fund may incur costs in
        connection with conversions between various currencies. Foreign exchange rates have been highly volatile in recent years. The combination of volatility and leverage gives rise to the possibility of large profit and large loss. In addition, there is
        counterparty risk since currency trading is done on a principal to principal basis.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Derivatives Transactions Risk. </font>The Fund may engage in various derivatives transactions for hedging and risk management purposes, to facilitate portfolio management and to earn
        income or enhance total return. The use of derivatives transactions to earn income or enhance total return may be particularly speculative. Derivative transactions entered into to seek to manage the risks of the Fund&#8217;s portfolio of securities may
        have the effect of limiting the gains from favorable market movements. Losses on derivatives transactions may reduce the Fund&#8217;s net asset value and its ability to pay dividends if such losses are not offset by gains on a portfolio positions being
        hedged. Derivatives transactions involve risks. There may be imperfect correlation between the value of such instruments and the underlying assets. Derivatives transactions may be subject to risks associated with the possible default of the other
        party to the transaction. Derivative instruments may be illiquid. Certain derivatives transactions may have economic characteristics similar to leverage, in that relatively small market movements may result in large changes in the value of an
        investment. Certain derivatives transactions that involve leverage can result in losses that greatly exceed the amount originally invested. Furthermore, the Fund&#8217;s ability to successfully use derivatives transactions depends on the manager&#8217;s
        ability to predict pertinent market movements, which cannot be assured. The use of derivatives transactions may result in losses greater than if they had not been used, may require the Fund to sell or purchase portfolio securities at inopportune
        times or for prices other than current market values, may limit the amount of appreciation the Fund can realize on an investment or may cause the Fund to hold a security that it might otherwise sell. Derivatives transactions involve risks of
        mispricing or improper valuation. The documentation governing a derivative instrument or transaction may be unfavorable or ambiguous. Derivatives transactions may involve commissions and other costs, which may increase the Fund&#8217;s expenses and
        reduce its return. Various legislative and regulatory initiatives may impact the availability, liquidity and cost of derivative instruments, limit or restrict the ability of the Fund to use certain derivative instruments or transact with certain
        counterparties as a part of its investment strategy, increase the costs of using derivative instruments or make derivative instruments less effective.</div>
      <div style="margin-bottom: 6pt;">In connection with certain derivatives transactions, the Fund may be required to segregate liquid assets or otherwise cover such transactions and/or to deposit amounts as premiums or to be held in margin accounts.
        Such amounts may not otherwise be available to the Fund for investment purposes. The Fund may earn a lower return on its portfolio than it might otherwise earn if it did not have to segregate assets in respect of, or otherwise cover, its
        derivatives transactions positions. To the extent the Fund&#8217;s assets are segregated or committed as cover, it could limit the Fund&#8217;s investment flexibility. Segregating assets and covering positions will not limit or offset losses on related
        positions.</div>
      <div style="margin-bottom: 6pt;">In late October 2020, the SEC promulgated Rule 18f-4 under the 1940 Act, which is related to the use of derivatives and certain other transactions by registered investment companies that, in part,</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">64 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zd1de94819d1d442daa7a486401703731" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 83.84%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 83.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">rescinds the SEC&#8217;s asset segregation and coverage rules and guidance. To comply with Rule 18f-4, funds will need to trade derivatives and other transactions that potentially create senior securities subject to a
        value-at-risk (&#8220;VaR&#8221;) leverage limit, certain other testing requirements and requirements related to board reporting. These new requirements will apply unless a fund qualifies as a &#8220;limited derivatives user,&#8221; as defined in the SEC&#8217;s rulemaking
        release. Rule 18f-4 will also permit funds to elect to treat reverse repurchase agreements and similar financing transactions as derivatives transactions under the rule, applying a consistent set of requirements to such transactions. The compliance
        date for Rule 18f-4 is expected to be during the third quarter of 2022.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Risk Associated with Covered Call Option Writing. </font>There are significant differences between the securities and options markets that could result in an imperfect correlation
        between these markets, causing a given transaction not to achieve its objectives. A decision as to whether, when and how to use options involves the exercise of skill and judgment, and even a well-conceived transaction may be unsuccessful to some
        degree because of market behavior or unexpected events. As the writer of a covered call option, the Fund forgoes, during the option&#8217;s life, the opportunity to profit from increases in the market value of the security covering the call option above
        the sum of the premium and the strike price of the call, but has retained the risk of loss should the price of the underlying security decline. As the Fund writes covered calls over more of its portfolio, its ability to benefit from capital
        appreciation becomes more limited.</div>
      <div style="margin-bottom: 6pt;">The value of options written by the Fund will be affected by, among other factors, changes in the value of underlying securities (including those comprising an index), changes in the dividend rates of underlying
        securities, changes in interest rates, changes in the actual or perceived volatility of the stock market and underlying securities and the remaining time to an option&#8217;s expiration. The value of an option also may be adversely affected if the market
        for the option is reduced or becomes less liquid.</div>
      <div style="margin-bottom: 6pt;">To the extent that there is a lack of correlation between the index options written by the Fund and the Fund&#8217;s portfolio securities, movements in the indexes underlying the options positions may result in losses to
        the Fund, which may more than offset any gains received by the Fund from options premiums. Such sales would involve transaction costs borne by the Fund and may also result in realization of taxable gains.</div>
      <div style="margin-bottom: 6pt;">With respect to exchange-traded options, there can be no assurance that a liquid market will exist when the Fund seeks to close out an option position on an options exchange. An absence of a liquid secondary market on
        an exchange may arise because: (i) there may be insufficient trading interest in certain options; (ii) restrictions may be imposed by an exchange on opening transactions or closing transactions or both; (iii) trading halts, suspensions or other
        restrictions may be imposed with respect to particular classes or series of options; (iv) unusual or unforeseen circumstances may interrupt normal operations on an exchange; (v) the facilities of an exchange or The Options Clearing Corporation (the
        &#8220;OCC&#8221;) may not at all times be adequate to handle current trading volume; or (vi) one or more exchanges could, for economic or other reasons, decide or be compelled at some future date to discontinue the trading of options (or a particular class or
        series of options). If trading were discontinued, the secondary market on that exchange (or in that class or series of options) would cease to exist. In the event that the Fund were unable to close out a call option that it</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">65</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z9fa01a127f04401cb315ad13212122b3" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 83.84%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 83.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">had written on a portfolio security, it would not be able to sell the underlying security unless the option expired without exercise.</div>
      <div style="margin-bottom: 6pt;">The Fund&#8217;s options transactions will be subject to limitations established by each of the exchanges, boards of trade or other trading facilities on which the options are traded. These limitations govern the maximum
        number of options in each class which may be written or purchased by a single investor or group of investors acting in concert, regardless of whether the options are written or purchased on the same or different exchanges, boards of trade or other
        trading facilities or are held or written in one or more accounts or through one or more brokers. An exchange, board of trade or other trading facility may order the liquidation of positions found to be in excess of these limits, and it may impose
        other sanctions.</div>
      <div style="margin-bottom: 6pt;">The Fund may also write (sell) over-the-counter options (&#8220;OTC options&#8221;). Options written by the Fund with respect to non-U.S. securities, indices or sectors generally will be OTC options. OTC options differ from
        exchange-listed options in that they are entered into directly with the buyer of the option and not through an exchange or clearing organization that is interposed between the Fund and the counterparty. In an OTC option transaction exercise price,
        premium and other terms are negotiated between buyer and seller. OTC options generally do not have as much market liquidity as exchange-listed options The OTC options written by the Fund will not be issued, guaranteed or cleared by the OCC. In
        addition, the Fund&#8217;s ability to terminate the OTC options may be more limited than with exchange-traded options. Banks, broker-dealers or other financial institutions participating in such transaction may fail to settle a transaction in accordance
        with the terms of the option as written. In the event of default or insolvency of the counterparty, the Fund may be unable to liquidate an OTC option position.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Counterparty Risk. </font>The Fund will be subject to credit risk with respect to the counterparties to the derivative contracts entered into by the Fund. If a counterparty becomes
        bankrupt or otherwise fails to perform its obligations under a derivative contract due to financial difficulties, the Fund may experience significant delays in obtaining any recovery under the derivative contract in bankruptcy or other
        reorganization proceeding. The Fund may obtain only a limited recovery or may obtain no recovery in such circumstances. Concerns about, or a default by, one large market participant could lead to significant liquidity problems for other
        participants. If a counterparty&#8217;s credit becomes significantly impaired, multiple requests for collateral posting in a short period of time could increase the risk that the Fund may not receive adequate collateral. The counterparty risk for cleared
        derivatives is generally lower than for uncleared over-the-counter derivatives transactions since generally a clearing organization becomes substituted for each counterparty to a cleared derivative contract and, in effect, guarantees the parties&#8217;
        performance under the contract as each party to a trade looks only to the clearing organization for performance of financial obligations under the derivative contract. However, there can be no assurance that a clearing organization, or its members,
        will satisfy its obligations to the Fund.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Leverage Risk. </font>The use of leverage may result in higher income to common shareholders over time; however, there can be no assurance that this expectations will be realized or
        that a leveraging strategy will be successful in any particular time period. Use of leverage creates an opportunity for increased income and capital appreciation but, at the same time, creates special risks. Leverage is a speculative technique that
        exposes the Fund to greater risk and increased costs than if it were not</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">66 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z181b00e5ccfc44cd9a67876e4d7b0d31" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 83.84%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 83.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">implemented. There can be no assurance that a leveraging strategy will be utilized or will be successful.</div>
      <div style="margin-bottom: 6pt;">The use of leverage by the Fund will cause the net asset value, and possibly the market price, of the Fund&#8217;s common shares to fluctuate significantly in response to changes in interest rates and other economic
        indicators. As a result, the net asset value and market price and dividend rate of the common shares of the Fund is likely to be more volatile than those of a closed-end management investment company that is not exposed to leverage. In a declining
        market the use of leverage may result in a greater decline in the net asset value of the common shares than if the Fund were not leveraged.</div>
      <div style="margin-bottom: 6pt;">Leverage will increase operating costs, which may reduce total return. The Fund will have to pay interest on its indebtedness, if any, which may reduce the Fund&#8217;s return. This interest expense may be greater than the
        Fund&#8217;s return on the underlying investment, which would negatively affect the performance of the Fund. Increases in interest rates that the Fund must pay on its indebtedness will increase the cost of leverage and may reduce the return to common
        shareholders. This risk may be greater in the current market environment because interest rates are near historically low levels.</div>
      <div style="margin-bottom: 6pt;">Certain types of indebtedness subject the Fund to covenants in credit agreements relating to asset coverage and portfolio composition requirements. Certain indebtedness issued by the Fund also may be subject to
        certain restrictions on investments imposed by guidelines of one or more rating agencies, which may issue ratings for such indebtedness. These guidelines may impose asset coverage or portfolio composition requirements that are more stringent than
        those imposed by the 1940 Act. It is not anticipated that these guidelines will impede the manager from managing the Fund&#8217;s portfolio in accordance with the Fund&#8217;s investment objective and policies. However, particularly during periods of adverse
        or volatile market conditions, the Fund may be required to sell assets in order to meet payment obligations on any leverage or to redeem leverage in order to comply with asset coverage or portfolio composition requirements.</div>
      <div style="margin-bottom: 6pt;">Reverse repurchase agreements involve the risks that the interest income earned on the investment of the proceeds will be less than the interest expense and Fund expenses associated with the repurchase agreement, that
        the market value of the securities sold by the Fund may decline below the price at which the Fund is obligated to repurchase such securities and that the securities may not be returned to the Fund. There is no assurance that reverse repurchase
        agreements can be successfully employed. In connection with reverse repurchase agreements, the Fund will also be subject to counterparty risk with respect to the purchaser of the securities. If the broker/dealer to whom the Fund sells securities
        becomes insolvent, the Fund&#8217;s right to purchase or repurchase securities may be restricted</div>
      <div style="margin-bottom: 6pt;">The Fund may have leverage outstanding during a shorter-term period during which such leverage may not be beneficial to the Fund if the Fund believes that the long-term benefits to common shareholders of such leverage
        would outweigh the costs and portfolio disruptions associated with redeeming and reissuing such leverage. However, there can be no assurance that the Fund&#8217;s judgment in weighing such costs and benefits will be correct.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">67</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zd44a305f0b5745dcb394180170284c40" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 83.84%; vertical-align: middle;">&#160;</td>
            <td style="width: 16.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 83.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">During the time in which the Fund is utilizing leverage, the amount of the fees paid for investment advisory services will be higher than if the Fund did not utilize leverage because the fees paid will be calculated
        based on the Fund&#8217;s managed assets, including proceeds of leverage. This may create a conflict of interest between the manager and the common shareholders, as common shareholders bear the portion of the investment advisory fee attributable to the
        assets purchased with the proceeds of leverage, which means that common shareholders effectively bear the entire advisory fee.</div>
      <div style="margin-bottom: 6pt;">In addition, the Fund may engage in certain derivatives transactions that have economic characteristics similar to leverage. The Fund intends to earmark or segregate cash or liquid securities or otherwise cover such
        transactions in accordance with applicable interpretations of the staff of the SEC. Securities so segregated or designated as &#8220;cover&#8221; will be unavailable for sale (unless replaced by other securities qualifying for segregation or cover
        requirements), which may adversely affect the ability of the Fund to pursue its investment objective.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Illiquid Investments Risk. </font>Illiquid securities may be difficult to dispose of at a fair price at the times when the Fund believes it is desirable to do so. The market price of
        illiquid securities generally is more volatile than that of more liquid securities, which may adversely affect the price that the Fund pays for or recovers upon the sale of illiquid securities. Significant changes in the capital markets, including
        recent disruption and volatility, have had, and may in the future have, a negative effect on the valuations of certain illiquid investments. Illiquid securities are also more difficult to value and the manager&#8217;s judgment may play a greater role in
        the valuation process. Although certain illiquid investments are not publicly traded, applicable accounting standards and valuation principles require the Fund to assume as part of its valuation process that such investments are sold in a principal
        market to market participants (even if the Fund plans on holding such investments to maturity). In addition, investment of the Fund&#8217;s assets in illiquid securities may restrict the Fund&#8217;s ability to take advantage of market opportunities. The risks
        associated with illiquid securities may be particularly acute in situations in which the Fund&#8217;s operations require cash and could result in the Fund borrowing to meet its short-term needs or incurring losses on the sale of illiquid securities.
        Although many of the Rule 144A Securities in which the Fund invests may be, in the view of the manager, liquid, if qualified institutional buyers are unwilling to purchase these Rule 144A Securities, they may become illiquid.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Smaller Company Risk. </font>The general risks associated with corporate income-producing and equity securities are particularly pronounced for securities issued by companies with
        smaller market capitalizations. These companies may have limited product lines, markets or financial resources, or they may depend on a few key employees. As a result, they may be subject to greater levels of credit, market and issuer risk.
        Securities of smaller companies may trade less frequently and in lesser volume than more widely held securities and their values may fluctuate more sharply than other securities. Companies with medium-sized market capitalizations may have risks
        similar to those of smaller companies.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">REIT Risk. </font>To the extent that the Fund invests in REITs it will be subject to the risks associated with owning real estate and with the real estate industry generally. REITs
        are subject to interest rate risks (especially mortgage REITs) and the risk of default by lessees or borrowers. An equity REIT may be affected by changes in the value of the underlying properties owned by the REIT. A mortgage REIT may be affected
        by the ability of the issuers of its portfolio mortgages to repay their obligations.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">68 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
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      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z4bb9037b38db428da3543c79dc1d70ab" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 83.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
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      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">REITs whose underlying assets are concentrated in properties used by a particular industry are also subject to risks associated with such industry. REITs may have limited financial resources, their securities trade
        less frequently and in a limited volume, and may be subject to more abrupt or erratic price movements than larger company securities.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Inflation Risk/Deflation Risk. </font>Inflation risk is the risk that the value of assets or income from investments will be worth less in the future as inflation decreases the value
        of money. As inflation increases, the real value of the common shares and distributions can decline. In addition, during any periods of rising inflation, the dividend rates or borrowing costs associated with the Fund&#8217;s use of leverage would likely
        increase, which would tend to further reduce returns to common shareholders. Deflation risk is the risk that prices throughout the economy decline over time&#8212;the opposite of inflation. Deflation may have an adverse effect on the creditworthiness of
        issuers and may make issuer default more likely, which may result in a decline in the value of the Fund&#8217;s portfolio.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Securities Lending Risk. </font>The Fund may also lend the securities it owns to others, which allows the Fund the opportunity to earn additional income. Although the Fund will
        require the borrower of the securities to post collateral for the loan and the terms of the loan will require that the Fund be able to reacquire the loaned securities if certain events occur, the Fund is still subject to the risk that the borrower
        of the securities may default, which could result in the Fund losing money, which would result in a decline in the Fund&#8217;s net asset value. The Fund may also purchase securities for delayed settlement. This means that the Fund is generally obligated
        to purchase the securities at a future date for a set purchase price, regardless of whether the value of the securities is more or less than the purchase price at the time of settlement.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Not a Complete Investment Program. </font>An investment in the common shares of the Fund should not be considered a complete investment program. The Fund is intended for long-term
        investors seeking total return through a combination of current income and capital appreciation. The Fund is not meant to provide a vehicle for those who wish to play short-term swings in the stock market. Each common shareholder should take into
        account the Fund&#8217;s investment objective as well as the common shareholder&#8217;s other investments when considering an investment in the Fund.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Management Risk. </font>Management&#8217;s judgment about the attractiveness, relative value or potential appreciation of a particular sector, security or investment strategy may prove to
        be incorrect, and there can be no assurance that the investment decisions made will prove beneficial to the Fund.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Legislation and Regulation Risk. </font>Legislation may be enacted that could negatively affect the assets of the Fund or the issuers of such assets. Changing approaches to regulation
        may have a negative impact on the Fund or entities in which the Fund invests. Legislation or regulation may also change the way in which the Fund itself is regulated. There can be no assurance that future legislation, regulation or deregulation
        will not have a material adverse effect on the Fund or will not impair the ability of the Fund to achieve its investment objective.</div>
      <div style="margin-bottom: 6pt;">Recent events, including the recent U.S. presidential election, have created a climate of heightened uncertainty and introduced new and difficult-to-quantify macroeconomic and political risks with potentially
        far-reaching implications. There has been a corresponding meaningful increase in the uncertainty surrounding interest rates, inflation, foreign exchange rates, trade volumes and fiscal and monetary policy. To the extent the U.S. Congress or the
        President implement changes to U.S. policy, those changes may impact, among other things, the U.S. and global economy, international</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">69</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z379dbd1baffb469e85ca25504a2b7743" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
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      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">trade and relations, unemployment, immigration, corporate taxes, healthcare, the U.S. regulatory environment, inflation and other areas. Additional risks arising from the differences in expressed policy preferences
        among the various constituencies in the U.S. government has led in the past, and may lead in the future, to short-term or prolonged policy impasses, which could, and has, resulted in shutdowns of the U.S. federal government. U.S. federal government
        shutdowns, especially prolonged shutdowns, could have a significant adverse impact on the economy in general and could impair the ability of companies to raise capital in the securities markets. Although the Fund cannot predict the impact, if any,
        of these changes to the Fund&#8217;s business, they could adversely affect the Fund&#8217;s business, financial condition, operating results and cash flows.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Portfolio Turnover Risk. </font>The Fund&#8217;s annual portfolio turnover rate may vary greatly from year to year. Portfolio turnover rate is not considered a limiting factor in the
        execution of investment decisions for the Fund. A higher portfolio turnover rate results in correspondingly greater brokerage commissions and other transactional expenses that are borne by the Fund. High portfolio turnover may result in an
        increased realization of net short-term capital gains by the Fund which, when distributed to common shareholders, will be taxable as ordinary income. Additionally, in a declining market, portfolio turnover may result in realized capital losses.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Recent Market, Economic and Social Developments Risk. </font>Periods of market volatility remain, and may continue to occur in the future, in response to various political, social and
        economic events both within and outside the United States. These conditions have resulted in, and in many cases continue to result in, greater price volatility, less liquidity, widening credit spreads and a lack of price transparency, with many
        securities remaining illiquid and of uncertain value. Risks resulting from any future debt or other economic crisis could also have a detrimental impact on the global economic recovery, the financial condition of financial institutions and the
        Fund&#8217;s business, financial condition and results of operation.</div>
      <div style="margin-bottom: 6pt;">The outbreak of infectious respiratory illness caused by a novel coronavirus known as &#8220;COVID-19&#8221; is causing materially reduced consumer demand and economic output, disrupting supply chains, resulting in market
        closures, travel restrictions and quarantines, and adversely impacting local and global economies. As with other serious economic disruptions, governmental authorities and regulators are responding to this crisis with significant fiscal and
        monetary policy changes, including by providing direct capital infusions into companies, introducing new monetary programs and considerably lowering interest rates, which in some cases resulted in negative interest rates. These actions, including
        their possible unexpected or sudden reversal or potential ineffectiveness, could further increase volatility in securities and other financial markets, reduce market liquidity, heighten investor uncertainty and adversely affect the value of the
        Fund&#8217;s investments and the performance of the Fund.</div>
      <div style="margin-bottom: 6pt;">The current economic situation and the unprecedented measures taken by state, local and national governments around the world to combat the spread of COVID-19, as well as various social, political and psychological
        tensions in the United States and around the world, may continue to contribute to severe market disruptions and volatility and reduced economic activity, may have long-term negative effects on the U.S. and worldwide financial markets and economy
        and may cause further economic</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">70 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
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      </div>
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      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z96443b1f23354d96abcbafe04a5f359b" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
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      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">uncertainties in the United States and worldwide. The prolonged continuation or further deterioration of the current U.S. and global economic downturn could adversely impact the Fund&#8217;s portfolio. It is difficult to
        predict how long the financial markets and economic activity will continue to be impacted by these events and the Fund cannot predict the effects of these or similar events in the future on the U.S. economy and securities markets.</div>
      <div style="margin-bottom: 6pt;">In March 2020, the U.S. Federal Reserve made two emergency interest-rate cuts, moving short-term rates to near zero, issued forward guidance that rates will remain low until the economy weathers the COVID-19 crisis,
        and resumed quantitative easing. Additionally, Congress approved a $2 trillion stimulus package to offset the severity and duration of a potential COVID-19-related recession and is currently discussing additional stimulus spending. Dozens of
        central banks across Europe, Asia, and elsewhere have announced similar economic relief packages.</div>
      <div style="margin-bottom: 6pt;">L<font style="font-weight: bold;">IBOR Risk. </font>Instruments in which the Fund invests may pay interest at floating rates based on LIBOR or may be subject to interest caps or floors based on LIBOR. The Fund and
        issuers of instruments in which the Fund invests may also obtain financing at floating rates based on LIBOR. Derivative instruments utilized by the Fund and/or issuers of instruments in which the Fund may invest may also reference LIBOR. The Fund
        utilizes leverage or borrowings primarily based on LIBOR. In July 2017, the head of the United Kingdom Financial Conduct Authority announced the desire to phase out the use of LIBOR by the end of 2021. In November 2020, the ICE Benchmark
        Administration (&#8220;IBA&#8221;) announced that it will consult on its intention to cease publication of (i) euro, sterling, Swiss franc and yen LIBORs after December 31, 2021, (ii) one-week and two-week U.S. dollar LIBORs after December 31, 2021 and (iii)
        all other tenors of U.S. dollar LIBORs after June 30, 2023. At this time, no consensus exists as to what rate or rates will become accepted alternatives to LIBOR, although the U.S. Federal Reserve, in connection with the Alternative Reference Rates
        Committee, a steering committee comprised of large U.S. financial institutions, is considering replacing U.S. dollar LIBOR with the Secured Overnight Financing Rate (&#8220;SOFR&#8221;). Given the inherent differences between LIBOR and SOFR, or any other
        alternative benchmark rate that may be established, there may be uncertainties regarding a transition from LIBOR, including but not limited to the need to amend all contracts with LIBOR as the referenced rate and how this will impact the cost of
        variable rate debt and certain derivative financial instruments. In addition, SOFR or the replacement rates may fail to gain market acceptance. Any failure of SOFR or alternative reference rates to gain market acceptance could adversely affect the
        return on, value of and market for securities linked to such rates.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Cyber Security Risk. </font>As the use of technology has become more prevalent in the course of business, the Fund has become potentially more susceptible to operational and
        informational security risks resulting from breaches in cyber security. A breach in cyber security refers to both intentional and unintentional cyber events that may, among other things, cause the Fund to lose proprietary information, suffer data
        corruption and/or destruction, lose operational capacity, result in the unauthorized release or other misuse of confidential information, or otherwise disrupt normal business operations. In addition, cyber security breaches involving the Fund&#8217;s
        third party service providers (including but not limited to advisers, administrators, transfer agents, custodians, distributors and other third parties), trading counterparties or issuers in which the Fund invests in can also subject the Fund to
        many of the same risks associated with direct cyber security breaches.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">71</sup></div>
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      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z8626e8266bf3464485ebb3dfa9dab595" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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              <div><font style="font-weight: bold;">INVESTMENT OBJECTIVE, POLICIES AND PRINCIPAL RISKS continued</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
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      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">Like with operational risk in general, the Fund has established risk management systems and business continuity plans designed to reduce the risks associated with cyber security. However, there are inherent
        limitations in these plans and systems, including that certain risks may not have been identified, in large part because different or unknown threats may emerge in the future. As such, there is no guarantee that such efforts will succeed,
        especially because the Fund does not directly control the cyber security systems of issuers in which the Fund may invest, trading counterparties or third party service providers to the Fund. There is also a risk that cyber security breaches may not
        be detected. The Fund and its shareholders could be negatively impacted as a result.</div>
      <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">Anti-Takeover Provisions. </font>The Fund&#8217;s Agreement and Declaration of Trust, dated as of February 19, 2003, and Bylaws include provisions that could limit the ability of other
        entities or persons to acquire control of the Fund or convert the Fund to an open-end fund. These provisions could have the effect of depriving common shareholders of opportunities to sell their common shares at a premium over the then-current
        market price of the common shares.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">72 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
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      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
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              <div><font style="font-weight: bold;">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font>&#160;</div>
            </td>
            <td style="width: 16.16%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
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      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">To the Board of Trustees and Shareholders of Advent Convertible and Income Fund</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Opinion on the Financial Statements</div>
      <div style="margin-bottom: 6pt;">We have audited the accompanying statement of assets and liabilities, including the portfolio of investments, of Advent Convertible and Income Fund (the &#8220;Fund&#8221;) as of October 31, 2020, the related statements of
        operations and cash flows for the year ended October 31, 2020, the statement of changes in net assets for each of the two years in the period ended October 31, 2020, including the related notes, and the financial highlights for each of the five
        years in the period ended October 31, 2020 (collectively referred to as the &#8220;financial statements&#8221;). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, the
        results of its operations and its cash flows for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2020 and the financial highlights for each of the five years in the period ended October
        31, 2020 in conformity with accounting principles generally accepted in the United States of America.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Basis for Opinion</div>
      <div style="margin-bottom: 6pt;">These financial statements are the responsibility of the Fund&#8217;s management. Our responsibility is to express an opinion on the Fund&#8217;s financial statements based on our audits. We are a public accounting firm
        registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the
        Securities and Exchange Commission and the PCAOB.</div>
      <div style="margin-bottom: 6pt;">We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the
        financial statements are free of material misstatement, whether due to error or fraud.</div>
      <div style="margin-bottom: 6pt;">Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures
        included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
        the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we
        performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.</div>
      <div style="margin-bottom: 6pt;">/s/ PricewaterhouseCoopers LLP<br>
        New York, New York<br>
        December 23, 2020</div>
      <div style="margin-bottom: 6pt;">We have served as the auditor of one or more investment companies in the Advent complex since 2003.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">73</sup></div>
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          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z8cd5b05c349f47be898f9903a5d24c48" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 59.61%; vertical-align: middle;">&#160;</td>
              <td style="width: 40.39%; vertical-align: middle;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 59.61%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div><font style="font-weight: bold;">OTHER INFORMATION (Unaudited)</font>&#160;</div>
              </td>
              <td style="width: 40.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right;">October 31, 2020&#160;</div>
              </td>
            </tr>

        </table>
        <div style="margin-bottom: 6pt;">&#160;</div>
        <div style="margin-bottom: 6pt; font-weight: bold;">Federal Income Tax Information</div>
        <div style="margin-bottom: 6pt;">Qualified dividend income of as much as $5,103,345 was received by the Fund through October 31, 2020. The Fund intends to designate the maximum amount of dividends that qualify for the reduced tax rate pursuant to
          the Jobs and Growth Tax Relief Reconciliation Act of 2003.</div>
        <div style="margin-bottom: 6pt;">For corporate shareholders $4,745,372 of investment income (dividend income plus short-term gains, if any), qualified for the dividends -received deduction.</div>
        <div style="margin-bottom: 6pt;">Additionally, of the taxable ordinary income distributions paid during the fiscal year ending October 31, 2020, the Fund had the corresponding percentage qualify as interest related dividends as permitted by IRC
          Section 871(k)(1) .</div>
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            <tr>
              <td style="width: 50%; vertical-align: middle;">&#160;</td>
              <td style="width: 50%; vertical-align: middle;" colspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
                <div style="text-align: right;"><font style="font-weight: bold;">% of Qualifying Interest Income</font>&#160;</div>
              </td>
              <td style="width: 50%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                <div style="text-align: right;">70.07%&#160;</div>
              </td>
              <td style="width: 50%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
            </tr>

        </table>
        <div style="margin-bottom: 6pt;">&#160;</div>
        <div style="margin-bottom: 6pt;">In January 2021, you will be advised on IRS Form 1099 DIV or substitute 1099 DIV as to the federal status of the distributions received by you in calendar year 2020.</div>
        <div style="margin-bottom: 6pt; font-weight: bold;">Sector Classification</div>
        <div style="margin-bottom: 6pt;">Information in the &#8220;Portfolio of Investments&#8221; is categorized by sectors using sector-level Classifications used by Bloomberg Industry Classification System, a widely recognized industry classifica -tion system
          provider. The Fund&#8217;s registration statement has investment policies relating to concentration in specific sectors/industries. For purposes of these investment policies, the Fund usually classifies industries based on industry-level
          classifications used by widely recognized industry classification system providers such as Bloomberg Industry Classification System, Global Industry Classification Standards and Barclays Global Classification Scheme.</div>
        <div style="margin-bottom: 6pt; font-weight: bold;">Results of Shareholder Votes</div>
        <div style="margin-bottom: 6pt;">The Annual Meeting of Shareholders of the Fund was held on September 30, 2020. Shareholders voted on the election of Trustees. With regards to the election of the following Class II Trustees by the shareholders of
          the Fund:</div>
        <table cellspacing="0" cellpadding="0" border="0" id="z522cb2cba4544a128e78438acd5324e5" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 25%; vertical-align: middle;">&#160;</td>
              <td style="width: 25%; vertical-align: middle;">&#160;</td>
              <td style="width: 25%; vertical-align: middle;">&#160;</td>
              <td style="width: 25%; vertical-align: middle;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
                <div>&#160;</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
                <div style="text-align: right;"><font style="font-weight: bold;"># of Shares in Favor</font>&#160;</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
                <div style="text-align: right;"><font style="font-weight: bold;"># of Shares Against</font>&#160;</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
                <div style="text-align: right;"><font style="font-weight: bold;"># of Shares Abstain</font>&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                <div>Daniel L. Black&#160;</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                <div style="text-align: right;">24,358,414&#160;</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                <div style="text-align: right;">6,183,733&#160;</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                <div style="text-align: right;">358,997&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
                <div>Michael A. Smart&#160;</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
                <div style="text-align: right;">24,379,056&#160;</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
                <div style="text-align: right;">6,157,455&#160;</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
                <div style="text-align: right;">364,633&#160;</div>
              </td>
            </tr>

        </table>
        <div style="margin-bottom: 6pt;">&#160;</div>
        <div style="margin-bottom: 6pt;">The other Trustees of the Fund whose terms did not expire in 2020 are Randall C. Barnes, Derek Medina, Ronald A. Nyberg, Gerald L. Seizert, Nancy E. Stuebe and Tracy V. Maitland.</div>
        <div style="margin-bottom: 6pt;">
          <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">74 </sup>l<sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;"> AVK </sup>l<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> ADVENT CONVERTIBLE AND INCOME FUND
            ANNUAL REPORT</sup><br>
        </div>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z085918681cf34372b37f8a845f31a566" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64.65%; vertical-align: middle;">&#160;</td>
            <td style="width: 35.35%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64.65%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">OTHER INFORMATION (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 35.35%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Trustees</div>
      <div style="margin-bottom: 6pt;">The Trustees of the Advent Convertible and Income Fund and their principal business occupations during the past five years:</div>
      <table cellspacing="0" cellpadding="0" id="z4939fdc1f1064134942dee177aac123a" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 10.34%; vertical-align: middle;">&#160;</td>
            <td style="width: 9.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 8.27%; vertical-align: middle;">&#160;</td>
            <td style="width: 40.56%; vertical-align: middle;">&#160;</td>
            <td style="width: 9.32%; vertical-align: middle;">&#160;</td>
            <td style="width: 21.82%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10.34%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Name, Address</font>&#160;</div>
              <div><font style="font-weight: bold;">and Year of Birth</font>&#160;</div>
            </td>
            <td style="width: 9.7%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Position(s)</font>&#160;</div>
              <div><font style="font-weight: bold;">Held</font>&#160;</div>
              <div><font style="font-weight: bold;">with</font>&#160;</div>
              <div><font style="font-weight: bold;">Trust</font>&#160;</div>
            </td>
            <td style="width: 8.27%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Term of Office</font>&#160;</div>
              <div><font style="font-weight: bold;">and Length</font>&#160;</div>
              <div><font style="font-weight: bold;">of Time</font>&#160;</div>
              <div><font style="font-weight: bold;">Served*</font>&#160;</div>
            </td>
            <td style="width: 40.56%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Principal Occupation(s)</font>&#160;</div>
              <div><font style="font-weight: bold;">During Past 5 Years</font>&#160;</div>
            </td>
            <td style="width: 9.32%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Number of</font>&#160;</div>
              <div><font style="font-weight: bold;">Portfolios in</font>&#160;</div>
              <div><font style="font-weight: bold;">Fund Complex</font>&#160;</div>
              <div><font style="font-weight: bold;">Overseen **</font>&#160;</div>
            </td>
            <td style="width: 21.82%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Other Directorships</font>&#160;</div>
              <div><font style="font-weight: bold;">Held by Trustees</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 20.04%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="4" rowspan="1">
              <div><font style="font-weight: bold;">Independent Trustees:</font> <br>
              </div>
            </td>
            <td style="width: 9.32%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 21.82%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.34%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Randall C.</font>&#160;</div>
              <div><font style="font-weight: bold;">Barnes++</font>&#160;</div>
              <div>(1951)&#160;</div>
            </td>
            <td style="width: 9.7%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Trustee and&#160;</div>
              <div style="text-indent: 0.1pt;">Chairman of&#160;</div>
              <div style="text-indent: 0.1pt;">the Audit&#160;</div>
              <div style="text-indent: 0.1pt;">Committee&#160;</div>
            </td>
            <td style="width: 8.27%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Since 2005&#160;</div>
            </td>
            <td style="width: 40.56%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Current: Private Investor (2001-present).&#160;</div>
              <div>&#160;</div>
              <div>Former: Senior Vice President and Treasurer, PepsiCo, Inc. (1993-1997); President, Pizza Hut International (1991-1993); Senior Vice President, Strategic Planning and New Business Development, PepsiCo, Inc. (1987-1990).&#160;</div>
            </td>
            <td style="width: 9.32%; vertical-align: top; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>157&#160;</div>
            </td>
            <td style="width: 21.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Current: Trustee, Purpose Investments Funds (2013-present).&#160;</div>
              <div>&#160;</div>
              <div>Former: Managed Duration Investment Grade Municipal Fund (2006-2016).&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.34%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Daniel L. Black+</font>&#160;</div>
              <div>(1960)&#160;</div>
            </td>
            <td style="width: 9.7%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Trustee&#160;</div>
            </td>
            <td style="width: 8.27%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Since 2005&#160;</div>
              <div>&#160;</div>
            </td>
            <td style="width: 40.56%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Current: Managing Partner, the Wicks Group of companies, LLC (2003-present).&#160;</div>
              <div>&#160;</div>
              <div>Former: Managing Director and Co-Head of the Merchant Banking Group at BNY Capital Markets, a division of BNY Mellon (1998-2003); and Co-Head of U.S. Corporate Banking at BNY Mellon (1995-1998).&#160;</div>
            </td>
            <td style="width: 9.32%; vertical-align: top; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>1<br>
              </div>
            </td>
            <td style="width: 21.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Current: Dartmouth College (2019- present); Sontiq, Inc. (2016-present); Harlem Lacrosse &amp; Leadership, Inc. (2014-present).&#160;</div>
              <div>&#160;</div>
              <div>Former: Antenna International, Inc. (2010-June 2020); Little Sprouts, LLC (2015-2018); Bendon Inc. (2012-2016); Bonded Services, Ltd. (2011-2016).&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.34%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Derek Medina+</font>&#160;</div>
              <div>(1966)&#160;</div>
            </td>
            <td style="width: 9.7%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Trustee and&#160;</div>
              <div style="text-indent: 0.1pt;">Chairman of&#160;</div>
              <div style="text-indent: 0.1pt;">the Nominating&#160;</div>
              <div style="text-indent: 0.1pt;">and Governance&#160;</div>
              <div style="text-indent: 0.1pt;">Committee&#160;</div>
            </td>
            <td style="width: 8.27%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Since 2003&#160;</div>
            </td>
            <td style="width: 40.56%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Current: Senior Vice President, Business Affairs at ABC News (2008-present).&#160;</div>
              <div>&#160;</div>
              <div>Former: Vice President, Business Affairs and News Planning at ABC News (2003-2008); Executive Director, Office of the President at ABC News (2000-2003); Associate at Cleary Gottlieb Steen &amp; Hamilton (law firm) (1995-1998); Associate
                in Corporate Finance at J.P. Morgan/Morgan Guaranty (1988-1990).&#160;</div>
            </td>
            <td style="width: 9.32%; vertical-align: top; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>1&#160; <br>
              </div>
            </td>
            <td style="width: 21.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Current: Oliver Scholars (2011-present); Young Scholar&#8217;s Institute (2005-present).&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 75</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zecf6f97007dd4f6cbc689de624d58eb7" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 63.64%; vertical-align: middle;">&#160;</td>
            <td style="width: 36.36%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 63.64%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">OTHER INFORMATION (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 36.36%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z6a72cbee85e14dfb8c2c94caa50641c3" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 10.34%; vertical-align: middle;">&#160;</td>
            <td style="width: 9.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 8.27%; vertical-align: middle;">&#160;</td>
            <td style="width: 40.56%; vertical-align: middle;">&#160;</td>
            <td style="width: 9.32%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 21.82%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10.34%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Name, Address</font>&#160;</div>
              <div><font style="font-weight: bold;">and Year of Birth</font>&#160;</div>
            </td>
            <td style="width: 9.7%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Position(s)</font>&#160;</div>
              <div><font style="font-weight: bold;">Held</font>&#160;</div>
              <div><font style="font-weight: bold;">with</font>&#160;</div>
              <div><font style="font-weight: bold;">Trust</font>&#160;</div>
            </td>
            <td style="width: 8.27%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Term of Office</font>&#160;</div>
              <div><font style="font-weight: bold;">and Length</font>&#160;</div>
              <div><font style="font-weight: bold;">of Time</font>&#160;</div>
              <div><font style="font-weight: bold;">Served*</font>&#160;</div>
            </td>
            <td style="width: 40.56%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Principal Occupation(s)</font>&#160;</div>
              <div><font style="font-weight: bold;">During Past Five Years</font>&#160;</div>
            </td>
            <td style="width: 9.32%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Number of</font>&#160;</div>
              <div><font style="font-weight: bold;">Portfolios in</font>&#160;</div>
              <div><font style="font-weight: bold;">Fund Complex</font>&#160;</div>
              <div><font style="font-weight: bold;">Overseen **</font>&#160;</div>
            </td>
            <td style="width: 21.82%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Other Directorships</font>&#160;</div>
              <div><font style="font-weight: bold;">Held by Trustees</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="4" rowspan="1">
              <div><font style="font-weight: bold;">Independent Trustees continued:</font>&#160;</div>
            </td>
            <td style="width: 9.32%; vertical-align: top; border-bottom: 4px solid rgb(0, 0, 0); text-align: center;">
              <div>&#160;</div>
            </td>
            <td style="width: 21.82%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.34%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Ronald A.</font>&#160;</div>
              <div><font style="font-weight: bold;">Nyberg++</font>&#160;</div>
              <div>(1953) <br>
              </div>
            </td>
            <td style="width: 9.7%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Trustee&#160;</div>
            </td>
            <td style="width: 8.27%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Since 2004&#160;</div>
            </td>
            <td style="width: 40.56%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Current: Partner, Momkus LLP (2016-present).&#160;</div>
              <div>&#160;</div>
              <div>Former: Partner, Nyberg &amp; Cassioppi, LLC (2000-2016); Executive Vice President, General Counsel, and Corporate Secretary, Van Kampen Investments (1982-1999).</div>
            </td>
            <td style="width: 9.32%; vertical-align: top; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>157</div>
            </td>
            <td style="width: 21.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Current: PPM Funds (9)(2018-present); Edward-Elmhurst Healthcare System (2012-present).&#160;</div>
              &#160;
              <div>Former: Western Asset Inflation-Linked Opportunities &amp; Income Fund (2004-April 2020); Western Asset Inflation-Linked Income Fund (2003-April 2020). Managed Duration Investment Grade Municipal Fund (2003-2016).&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.34%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Gerald L.</font>&#160;</div>
              <div><font style="font-weight: bold;">Seizert, CFA, CIC+</font>&#160;</div>
              <div>(1952)&#160;</div>
            </td>
            <td style="width: 9.7%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Trustee&#160;</div>
            </td>
            <td style="width: 8.27%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Since 2003&#160;</div>
            </td>
            <td style="width: 40.56%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Current: Managing Partner of Heron Bay Capital Management.&#160;</div>
              <div>&#160;</div>
              <div>Former: Managing Partner of Seizert Capital Partners (2000-2019); Co-Chief Executive (1998-1999) and a Managing Partner and Chief Investment Officer &#8211; Equities of Munder Capital Management, LLC (1995-1999); Vice President and Portfolio
                Manager of Loomis, Sayles &amp; Co., L.P. (asset manager) (1984-1995); Vice President and Portfolio Manager at First of America Bank (1978-1984).&#160;</div>
            </td>
            <td style="width: 9.32%; vertical-align: top; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>1 <br>
              </div>
            </td>
            <td style="width: 21.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Current: University of Toledo Foundation (2013-present); Beaumont Hospital (2012-present).&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.34%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Michael A. Smart+</font>&#160;</div>
              <div>(1960)&#160;</div>
            </td>
            <td style="width: 9.7%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Trustee&#160;</div>
            </td>
            <td style="width: 8.27%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Since 2003&#160;</div>
            </td>
            <td style="width: 40.56%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Current: Partner Dominus Capital Partners L.P., Managing Director &amp; Advisor MVision Private Equity Advisers (2019 -2020); Managing Partner, Cordova, Smart &amp; Williams, LLC (2003&#8211;present).&#160;</div>
              <div>&#160;</div>
              <div>Former: Principal, First Atlantic Capital Ltd. (2001-2003); Managing Director in Investment Banking &#8211; the Private Equity Group (1995-2001) and a Vice President in Investment Banking &#8211; Corporate Finance (1992-1995) at Merrill Lynch &amp;
                Co; Founding Partner of The Carpediem Group, a private placement firm (1991-1992); Associate at Dillon, Read and Co. (investment bank) (1988-1990).&#160;</div>
            </td>
            <td style="width: 9.32%; vertical-align: top; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>1 <br>
              </div>
            </td>
            <td style="width: 21.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Current: The Mead School (2014- present); National Association of Investment Companies (&#8220;NAIC&#8221;) (2010- present); Sprint Industrial Holdings (2007-present).&#160;</div>
              <div>&#160;</div>
              <div>Former: Berkshire Blanket, Holdings, Inc. (2006-2016); Sqwincher Holdings (2006-2015).&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">76 </sup>l<sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;"> AVK </sup>l<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> ADVENT CONVERTIBLE AND INCOME FUND ANNUAL
          REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="za8e5d2476bed4bb09d78d33446bd4216" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64.65%; vertical-align: middle;">&#160;</td>
            <td style="width: 35.35%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64.65%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">OTHER INFORMATION (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 35.35%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z51e6d0cd5411459289eed79983c9e434" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 10.34%; vertical-align: middle;">&#160;</td>
            <td style="width: 9.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 8.27%; vertical-align: middle;">&#160;</td>
            <td style="width: 40.56%; vertical-align: middle;">&#160;</td>
            <td style="width: 9.32%; vertical-align: middle;">&#160;</td>
            <td style="width: 21.82%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10.34%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Name, Address</font>&#160;</div>
              <div><font style="font-weight: bold;">and Year of Birth</font>&#160;</div>
            </td>
            <td style="width: 9.7%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Position(s)</font>&#160;</div>
              <div><font style="font-weight: bold;">Held</font>&#160;</div>
              <div><font style="font-weight: bold;">with</font>&#160;</div>
              <div><font style="font-weight: bold;">Trust</font>&#160;</div>
            </td>
            <td style="width: 8.27%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Term of Office</font>&#160;</div>
              <div><font style="font-weight: bold;">and Length</font>&#160;</div>
              <div><font style="font-weight: bold;">of Time</font>&#160;</div>
              <div><font style="font-weight: bold;">Served*</font>&#160;</div>
            </td>
            <td style="width: 40.56%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Principal Occupation(s)</font>&#160;</div>
              <div><font style="font-weight: bold;">During Past Five Years</font>&#160;</div>
            </td>
            <td style="width: 9.32%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Number of</font>&#160;</div>
              <div><font style="font-weight: bold;">Portfolios in</font>&#160;</div>
              <div><font style="font-weight: bold;">Fund Complex</font>&#160;</div>
              <div><font style="font-weight: bold;">Overseen **</font>&#160;</div>
            </td>
            <td style="width: 21.82%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Other Directorships</font>&#160;</div>
              <div><font style="font-weight: bold;">Held by Trustees</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="4" rowspan="1">
              <div><font style="font-weight: bold;">Independent Trustees continued:</font> <br>
              </div>
            </td>
            <td style="width: 9.32%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
            <td style="width: 21.82%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.34%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Nancy E. Stuebe+</font>&#160;</div>
              <div>(1964) <br>
              </div>
            </td>
            <td style="width: 9.7%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Trustee&#160;</div>
            </td>
            <td style="width: 8.27%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Since 2020&#160;</div>
            </td>
            <td style="width: 40.56%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Current: Director of Investor Relations, Interactive Brokers&#160;</div>
              <div>Group, Inc. (2016-present).&#160;</div>
              <div> <br>
              </div>
              <div>Former: Senior Equity Analyst &amp; Portfolio Manager, Gabelli Asset Management (2015-2016); Senior Research Analyst &amp; Portfolio Manager, AIS Capital Management, LLC (2008-2015); Senior Equity Analyst &amp; Portfolio Manager, Gabelli
                Asset Management (2005-2008).&#160;</div>
            </td>
            <td style="width: 9.32%; vertical-align: top; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>1</div>
            </td>
            <td style="width: 21.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">None.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top; border-bottom: 4px solid rgb(0, 0, 0);" rowspan="1" colspan="4">
              <div><font style="font-weight: bold;">Interested Trustee:</font> <br>
              </div>
            </td>
            <td style="width: 9.32%; vertical-align: top; border-bottom: 4px solid rgb(0, 0, 0); text-align: center;">
              <div>&#160;</div>
            </td>
            <td style="width: 21.82%; vertical-align: top; border-bottom: 4px solid rgb(0, 0, 0);">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.34%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Tracy V.</font>&#160;</div>
              <div><font style="font-weight: bold;">Maitland+&#248;</font>&#160;</div>
              <div>(1960) <br>
              </div>
            </td>
            <td style="width: 9.7%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Trustee,&#160;</div>
              <div style="text-indent: 0.1pt;">Chairman,&#160;</div>
              <div style="text-indent: 0.1pt;">President and&#160;</div>
              <div>Chief Executive&#160;</div>
              <div>Officer&#160;</div>
            </td>
            <td style="width: 8.27%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Since 2003&#160;</div>
            </td>
            <td style="width: 40.56%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Current: President and Founder, Advent Capital Management, LLC (2001-present).&#160;</div>
            </td>
            <td style="width: 9.32%; vertical-align: top; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>1<br>
              </div>
            </td>
            <td style="width: 21.82%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">None.&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zc3207f33000141e2aea5eb4a332b1e07" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 2.84%; vertical-align: top;">&#160;</td>
            <td style="width: 97.16%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 2.84%; vertical-align: top;">
              <div style="font-style: italic;">+&#160;</div>
            </td>
            <td style="width: 97.16%; vertical-align: bottom;">
              <div style="font-style: italic;">Address of all Trustees noted: 888 Seventh Avenue, 31st Floor, New York, NY 10019.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2.84%; vertical-align: top;">
              <div style="font-style: italic;">++&#160;</div>
            </td>
            <td style="width: 97.16%; vertical-align: bottom;">
              <div style="font-style: italic;">Address of all Trustees noted: 227 West Monroe Street, Chicago, IL 60606.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2.84%; vertical-align: top;">
              <div style="font-style: italic;">*&#160;</div>
            </td>
            <td style="width: 97.16%; vertical-align: bottom; font-style: italic;" colspan="1">
              <div>After a Trustee&#8217;s initial term, each Trustee is expected to serve a three-year term concurrent with the class of Trustees for which he serves:&#160;</div>
              <div>- Mr. Tracy V. Maitland and Mr. Ronald A. Nyberg are the Class III Trustees of the Fund. The term of the Class III Trustees will continue until the 2021 annual meeting of shareholders or until successors shall have been elected and
                qualified.&#160;</div>
              <div>- Mr. Gerald L. Seizert, Mr. Derek Medina and Mr. Randall C. Barnes are the Class I Trustees of the Fund. The term of the Class I Trustees will continue until the 2022 annual meeting of shareholders or until successors shall have been
                elected and qualified.&#160;</div>
              <div>- Mr. Daniel L. Black, Mr. Michael A. Smart and Ms. Nancy E. Stuebe are the Class II Trustees of the Fund. The term of the Class II Trustees will continue until the 2023 annual meeting of shareholders or until successors shall have been
                elected and qualified.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2.84%; vertical-align: top;">
              <div style="font-style: italic;">**&#160;</div>
            </td>
            <td style="width: 97.16%; vertical-align: bottom;" colspan="1">
              <div style="font-style: italic;">As of period end. The Guggenheim Investments Fund Complex consists of U.S. registered investment companies advised or serviced by Guggenheim Funds Investment Advisors, LLC and/or Guggenheim Funds Distributors,
                LLC and/or affiliates of such entities.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2.84%; vertical-align: top;">
              <div style="font-style: italic;">&#248;&#160;</div>
            </td>
            <td style="width: 97.16%; vertical-align: bottom;" colspan="1">
              <div style="font-style: italic;">Mr. Maitland is an &#8220;interested person&#8221; (as defined in section 2(a)(19) of the 1940 Act) of the Fund because of his position as an officer of Advent Capital Management, LLC, the Fund&#8217;s Investment Adviser.&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
        <div style="text-align: right;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> ADVENT CONVERTIBLE AND INCOME FUND
            ANNUAL REPORT </sup>l<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 77</sup></div>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z7375661999054cdd9a6397c9e688db2f" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 64.65%; vertical-align: middle;">&#160;</td>
            <td style="width: 35.35%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 64.65%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">OTHER INFORMATION (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 35.35%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Officers</div>
      <div style="margin-bottom: 6pt;">The Officers of the Advent Convertible and Income Fund, who are not Trustees, and their principal occupations during the past five years:</div>
      <table cellspacing="0" cellpadding="0" id="zaef783a1db6e44e6b5f65baee499f8a2" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 10.12%; vertical-align: middle;">&#160;</td>
            <td style="width: 9.43%; vertical-align: middle;">&#160;</td>
            <td style="width: 9.1%; vertical-align: middle;">&#160;</td>
            <td style="width: 71.35%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10.12%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Name, Address*</font>&#160;</div>
              <div><font style="font-weight: bold;">and Year of Birth</font>&#160;</div>
            </td>
            <td style="width: 9.43%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Position(s)</font>&#160;</div>
              <div><font style="font-weight: bold;">held</font>&#160;</div>
              <div><font style="font-weight: bold;">with the</font>&#160;</div>
              <div><font style="font-weight: bold;">Trust</font>&#160;</div>
            </td>
            <td style="width: 9.1%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Term of Office</font>&#160;</div>
              <div><font style="font-weight: bold;">and Length of</font>&#160;</div>
              <div><font style="font-weight: bold;">Time Served**</font>&#160;</div>
            </td>
            <td style="width: 71.35%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">Principal Occupations During Past Five Years</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.12%; vertical-align: bottom; border-bottom: 4px solid rgb(0, 0, 0);" rowspan="1" colspan="4">
              <div><font style="font-weight: bold;">Officers:</font> <br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.12%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Edward C. Delk</font>&#160;</div>
              <div>(1968)&#160;</div>
            </td>
            <td style="width: 9.43%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Secretary and&#160;</div>
              <div style="text-indent: 0.1pt;">Chief&#160;</div>
              <div>Compliance&#160;</div>
              <div>Officer&#160;</div>
            </td>
            <td style="width: 9.1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Since 2012&#160;</div>
            </td>
            <td style="width: 71.35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Current: General Counsel and Chief Compliance Officer, Advent Capital Management, LLC (2012-present).&#160;</div>
              <div>&#160;</div>
              <div>Former: Assistant General Counsel and Chief Compliance Officer, Insight Venture Management, LLC (2009-2012); Associate General Counsel, TIAA-CREF (2008-2009); Principal, Legal Department, The Vanguard Group, Inc. (2000-2008).&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.12%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Tony Huang</font>&#160;</div>
              <div>(1976)&#160;</div>
            </td>
            <td style="width: 9.43%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Vice President&#160;</div>
              <div style="text-indent: 0.1pt;">and Assistant&#160;</div>
              <div>Secretary&#160;</div>
              <div>&#160;</div>
            </td>
            <td style="width: 9.1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Since 2014&#160;</div>
            </td>
            <td style="width: 71.35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Current: Director and Co-Portfolio Manager, Advent Capital Management, LLC (2007-present).&#160;</div>
              <div>&#160;</div>
              <div>Former: Senior Vice President, Portfolio Manager and Analyst, Essex Investment Management (2001-2006); Vice President, Analyst, Abacus Investments (2001); Vice President, Portfolio Manager, M/C Venture Partners (2000-2001); Associate,
                Fidelity Investments (1996-2000).&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.12%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div><font style="font-weight: bold;">Robert White</font>&#160;</div>
              <div>(1965)&#160;</div>
            </td>
            <td style="width: 9.43%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div style="text-indent: 0.1pt;">Treasurer and&#160;</div>
              <div style="text-indent: 0.1pt;">Chief Financial&#160;</div>
              <div>Officer&#160;</div>
            </td>
            <td style="width: 9.1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Since 2005&#160;</div>
            </td>
            <td style="width: 71.35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
              <div>Current: Chief Financial Officer, Advent Capital Management, LLC (2005-present).&#160;</div>
              <div>&#160;</div>
              <div>Former: Vice President, Client Service Manager, Goldman Sachs Prime Brokerage (1997-2005).&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z03dcb187f9744eabbc38633f0cd1dc0e" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 2.21%; vertical-align: top;">&#160;</td>
            <td style="width: 97.79%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 2.21%; vertical-align: top;">
              <div style="font-style: italic;">*&#160;</div>
            </td>
            <td style="width: 97.79%; vertical-align: bottom;">
              <div style="font-style: italic;">Address for all Officers: 888 Seventh Avenue, 31st Floor, New York, NY 10019.&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 2.21%; vertical-align: top;">
              <div style="font-style: italic;">**&#160;</div>
            </td>
            <td style="width: 97.79%; vertical-align: bottom;">
              <div style="font-style: italic;">Officers serve at the pleasure of the Board of Trustees and until his or her successor is appointed and qualified or until his or her earlier resignation or removal.&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">78 </sup>l<sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;"> AVK </sup>l<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> ADVENT CONVERTIBLE AND INCOME FUND ANNUAL
          REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc6139673c2304a0d82d1435256e62369" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 69.7%; vertical-align: middle;">&#160;</td>
            <td style="width: 30.3%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 69.7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">DIVIDEND REINVESTMENT PLAN (Unaudited)</font>&#160;</div>
            </td>
            <td style="width: 30.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">Unless the registered owner of common shares elects to receive cash by contacting the Plan Administrator, all dividends declared on common shares of the Fund will be automatically reinvested by Computershare Trust
        Company, N.A. (the &#8220;Plan Administrator&#8221;), Administrator for shareholders in the Fund&#8217;s Dividend Reinvestment Plan (the &#8220;Plan&#8221;), in additional common shares of the Fund. Participation in the Plan is completely voluntary and may be terminated or
        resumed at any time without penalty by notice if received and processed by the Plan Administrator prior to the dividend record date; otherwise such termination or resumption will be effective with respect to any subsequently declared dividend or
        other distribution. Some brokers may automatically elect to receive cash on your behalf and may re-invest that cash in additional common shares of the Fund for you. If you wish for all dividends declared on your common shares of the Fund to be
        automatically reinvested pursuant to the Plan, please contact your broker.</div>
      <div style="margin-bottom: 6pt;">The Plan Administrator will open an account for each common shareholder under the Plan in the same name in which such common shareholder&#8217;s common shares are registered. Whenever the Fund declares a dividend or other
        distribution (together, a &#8220;Dividend&#8221;) payable in cash, nonparticipants in the Plan will receive cash and participants in the Plan will receive the equivalent in common shares. The common shares will be acquired by the Plan Administrator for the
        participants&#8217; accounts, depending upon the circumstances described below, either (i) through receipt of additional unissued but authorized common shares from the Fund (&#8220;Newly Issued Common Shares&#8221;) or (ii) by purchase of outstanding common shares
        on the open market (&#8220;Open-Market Purchases&#8221;) on the New York Stock Exchange or elsewhere. If, on the payment date for any Dividend, the closing market price plus estimated brokerage commission per common share is equal to or greater than the net
        asset value per common share, the Plan Administrator will invest the Dividend amount in Newly Issued Common Shares on behalf of the participants. The number of Newly Issued Common Shares to be credited to each participant&#8217;s account will be
        determined by dividing the dollar amount of the Dividend by the net asset value per common share on the payment date; provided that, if the net asset value is less than or equal to 95% of the closing market value on the payment date, the dollar
        amount of the Dividend will be divided by 95% of the closing market price per common share on the payment date. If, on the payment date for any Dividend, the net asset value per common share is greater than the closing market value plus estimated
        brokerage commission, the Plan Administrator will invest the Dividend amount in common shares acquired on behalf of the participants in Open-Market Purchases.</div>
      <div style="margin-bottom: 6pt;">If, before the Plan Administrator has completed its Open-Market Purchases, the market price per common share exceeds the net asset value per common share, the average per common share purchase price paid by the Plan
        Administrator may exceed the net asset value of the common shares, resulting in the acquisition of fewer common shares than if the Dividend had been paid in Newly Issued Common Shares on the Dividend payment date. Because of the foregoing
        difficulty with respect to Open-Market Purchases, the Plan provides that if the Plan Administrator is unable to invest the full Dividend amount in Open-Market Purchases during the purchase period or if the market discount shifts to a market premium
        during the purchase period, the Plan Administrator may cease making Open-Market Purchases and may invest the uninvested portion of the Dividend amount in Newly Issued Common Shares at net asset value per common share at the close of business on the
        Last Purchase Date provided that, if the net asset value is less than or equal to 95% of the then current market price per common share; the dollar amount of the Dividend will be divided by 95% of the market price on the payment date.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">79</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z45705a8a7a0046549717a637403a6ed2" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 75.76%; vertical-align: middle;">&#160;</td>
            <td style="width: 24.24%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 75.76%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">DIVIDEND REINVESTMENT PLAN (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 24.24%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">The Plan Administrator maintains all shareholders&#8217; accounts in the Plan and furnishes written confirmation of all transactions in the accounts, including information needed by shareholders for tax records. Common
        shares in the account of each Plan participant will be held by the Plan Administrator on behalf of the Plan participant, and each shareholder proxy will include those shares purchased or received pursuant to the Plan. The Plan Administrator will
        forward all proxy solicitation materials to participants and vote proxies for shares held under the Plan in accordance with the instruction of the participants.</div>
      <div style="margin-bottom: 6pt;">There will be no brokerage charges with respect to common shares issued directly by the Fund. However, each participant will pay a pro rata share of brokerage commission incurred in connection with Open-Market
        Purchases. The automatic reinvestment of Dividends will not relieve participants of any Federal, state or local income tax that may be payable (or required to be withheld) on such Dividends.</div>
      <div style="margin-bottom: 6pt;">The Fund reserves the right to amend or terminate the Plan. There is no direct service charge to participants with regard to purchases in the Plan; however, the Fund reserves the right to amend the Plan to include a
        service charge payable by the participants.</div>
      <div style="margin-bottom: 6pt;">All correspondence or questions concerning the Plan should be directed to the Plan Administrator, Computershare Trust Company, N.A., P.O. Box 30170 College Station, TX 77842-3170; Attention: Shareholder Services
        Department, Phone Number: (866) 488-3559 or online at www.computershare.com/investor.</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">80 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc0bebf0f73864872a9774a6a6485cd80" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 76.76%; vertical-align: middle;">&#160;</td>
            <td style="width: 23.24%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 76.76%; vertical-align: bottom;">
              <div><font style="font-weight: bold;">CONSIDERATIONS REGARDING ANNUAL REVIEW OF THE</font>&#160;</div>
            </td>
            <td style="width: 23.24%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 76.76%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT MANAGEMENT AGREEMENT (Unaudited)</font>&#160;</div>
            </td>
            <td style="width: 23.24%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">In discussing the factors and other considerations summarized below, the Board noted that it generally receives, reviews and evaluates information concerning the performance of the Fund and the services and personnel
        of Advent and its affiliates at quarterly meetings of the Board. While emphasis might be placed on information concerning the investment performance of the Fund, its fees and expenses in comparison with other funds&#8217; fees and other matters at the
        meeting at which the renewal of the Investment Management Agreement is considered, the process of evaluating the Fund&#8217;s investment management arrangements is an ongoing one. The Board did not identify any one particular factor that was controlling
        or of paramount importance in its deliberations and each individual Trustee may have weighed the information provided differently. The information below represents a summary of certain aspects of the more detailed discussions held by the Board and
        does not necessarily include all information considered by the Trustees.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Nature, Extent and Quality of Services</div>
      <div style="margin-bottom: 6pt;">The Independent Trustees received and considered various data and information regarding the nature, extent and quality of services provided to the Fund by Advent under the Investment Management Agreement. The
        Independent Trustees reviewed and considered the information provided by Advent in response to a detailed series of requests submitted on behalf of the Independent Trustees by their independent legal counsel. The Independent Trustees were provided
        with, among other things, information about the background, experience and expertise of the management and other personnel of Advent and the services provided by that organization to the Fund. The Independent Trustees discussed the quality of the
        services provided. The compliance history of Advent was discussed, along with the ability of Advent to provide services to the Fund.</div>
      <div style="margin-bottom: 6pt;">The Independent Trustees evaluated the capabilities of Advent, including information regarding its resources and ability to attract and retain highly qualified investment and other professionals. The Independent
        Trustees also considered the commitment of Advent to the Fund. The Independent Trustees discussed the portfolio managers at Advent responsible for portfolio management for the Fund, including the involvement of Mr. Maitland, and other personnel at
        Advent.</div>
      <div style="margin-bottom: 6pt;">Based on the above factors, together with those referenced below, the Independent Trustees concluded that they were satisfied with the nature, extent and quality of the investment management services provided to the
        Fund by Advent.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Fund Performance and Expenses</div>
      <div style="margin-bottom: 6pt;">The Independent Trustees considered the Fund&#8217;s performance on a market price and net asset value basis over various time periods. They also considered the performance of the Fund in comparison to the performance
        results of other closed-end funds that were determined to be similar to the Fund in terms of investment strategy (the &#8220;Peer Group&#8221;). The Independent Trustees recognized that the number of other funds in the Peer Group was small and that, for a
        variety of reasons, including exposures to types of assets that significantly vary from those held by the Fund, the Peer Group comparison may have limited usefulness in evaluating Fund performance. The Board also was aware that the performance
        benchmark indexes may not be fully probative in making comparisons due to the fact that the securities included in the benchmarks may include convertibles, high yield or other securities with characteristics unlike those purchased by the Fund or in
        amounts that vary materially from the Fund&#8217;s typical holdings. The Board noted that the Fund ranked in the middle of its Peer</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">81</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="za1fdb3c4c6ea4cce8d06ef7df9184ece" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 81.81%; vertical-align: middle;">&#160;</td>
            <td style="width: 18.19%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 81.81%; vertical-align: bottom;">
              <div><font style="font-weight: bold;">CONSIDERATIONS REGARDING ANNUAL REVIEW OF THE</font>&#160;</div>
            </td>
            <td style="width: 18.19%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 81.81%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT MANAGEMENT AGREEMENT (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 18.19%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">Group for the one-year period ended October 31, 2019. The Fund also outperformed one of its benchmark indexes but trailed the other benchmark index during the one-year period.</div>
      <div style="margin-bottom: 6pt;">The Board noted that it had discussions with Advent about the performance of the Fund. The Board noted that the Fund is managed consistent with its stated policies and strategies and that the Fund would tend to
        underperform in relation to funds with high common stock exposure in rising equity markets. The Independent Trustees considered the steps management has historically taken, and the activities it presently undertakes, to seek to improve performance,
        and will continue to monitor performance on an on-going basis. The Board also reviewed information about the discount at which each Fund&#8217;s shares have traded as compared with its peers.</div>
      <div style="margin-bottom: 6pt;">The Independent Trustees received and considered information regarding the Fund&#8217;s total expense ratio relative to its peers, noting that the Fund generally had a higher expense ratio (based on common assets) than
        funds in the Peer Group. The Independent Trustees acknowledged that the expense ratio was often higher than the expense ratios of certain Peer Group funds because of the Fund&#8217;s use of leverage and longer-term borrowings and that certain funds in
        the Peer Group had no leverage or lower leverage and therefore reported lower expense ratios. The costs of leverage were also considered and the potential benefits of the continued use of leverage were considered. The Independent Trustees also
        noted that expense ratio comparisons with Peer Groups were difficult because the items included in other funds&#8217; expenses may differ from those of the Fund.</div>
      <div style="margin-bottom: 6pt;">Based on the above considerations, discussions and other factors, the Independent Trustees concluded that the overall performance results and expense comparisons supported the re-approval of the Investment Management
        Agreement.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Investment Management and Advisory Fee Rates</div>
      <div style="margin-bottom: 6pt;">The Independent Trustees reviewed and considered the contractual investment management fee rates for the Fund in comparison with those of the funds in the Peer Group. The Independent Trustees also received and
        considered information about the nature, extent and quality of services and fee rates offered by Advent to its other clients. In particular, Advent confirmed that the Fund differs from certain other accounts advised by Advent in that they are more
        complex to manage, require greater resources from Advent and differ in terms of investment strategy and use of leverage. The Independent Trustees also noted the differing services provided by Advent to the Fund in relation to those typically
        provided to private funds and separate accounts. The Independent Trustees were also aware of the regulatory, reputational, compliance and operational risks faced by Advent in providing services to the Fund, which are generally greater than
        presented in providing services to clients other than registered funds. Based on the totality of the information they reviewed, the Independent Trustees concluded that the fees were fair and reasonable.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Profitability</div>
      <div style="margin-bottom: 6pt;">The Independent Trustees received and considered estimated profitability analyses of Advent. The Independent Trustees also discussed with representatives of Advent the methodologies used to determine profitability.
        The Independent Trustees considered the nature of the services provided, their benefits to the Fund, and the extensive resources required to provide those services. In addition, the Independent Trustees considered whether any direct or indirect
        collateral benefits inured to Advent as a result of its affiliation with the Fund. The Independent Trustees concluded that</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">82 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z87d58ea9abfd4c1eb4df2abbbe65a32a" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 81.81%; vertical-align: middle;">&#160;</td>
            <td style="width: 18.19%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 81.81%; vertical-align: bottom;">
              <div><font style="font-weight: bold;">CONSIDERATIONS REGARDING ANNUAL REVIEW OF THE</font>&#160;</div>
            </td>
            <td style="width: 18.19%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 81.81%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">INVESTMENT MANAGEMENT AGREEMENT (Unaudited) continued</font>&#160;</div>
            </td>
            <td style="width: 18.19%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">the profits and other ancillary benefits that Advent received with regard to providing services to the Fund were not unreasonable.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Economies of Scale</div>
      <div style="margin-bottom: 6pt;">The Independent Trustees received and considered information regarding whether there have been economies of scale with respect to the management of the Fund and whether it has appropriately benefited from any
        economies of scale, and whether there is potential for realization of any further economies of scale. It was noted that, because the Fund is a closed-end fund, any increase in asset levels generally would have to come from material appreciation
        through investment performance and the Independent Trustees concluded that the opportunity to benefit from economies of scale was diminished in the context of closed-end funds.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Conclusion</div>
      <div style="margin-bottom: 6pt;">After consideration of the factors discussed above and other information considered by the Independent Trustees, the Board, including the Independent Trustees, unanimously voted to approve the Investment Management
        Agreement for an additional one-year term.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">83</sup></div>
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      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zaa53253ee8d24341a5202063117ccfe8" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 55.57%; vertical-align: middle;">&#160;</td>
            <td style="width: 44.43%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55.57%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">FUND INFORMATION</font>&#160;</div>
            </td>
            <td style="width: 44.43%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z0273710678354f2097f79667c403ab05" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 51.52%; vertical-align: top;" colspan="1">&#160;
              <div><font style="font-weight: bold;">Board of Trustees</font>&#160;</div>
              <div>&#160;</div>
              <div>Randall C. Barnes&#160;</div>
              <div>&#160;</div>
              <div>Daniel L. Black&#160;</div>
              <div>&#160;</div>
              <div>Tracy V. Maitland,*&#160;</div>
              <div><font style="font-style: italic;">Chairman</font>&#160;</div>
              <div>&#160;</div>
              <div>Derek Medina&#160;</div>
              <div>&#160;</div>
              <div>Ronald A. Nyberg&#160;</div>
              <div>&#160;</div>
              <div>Gerald L. Seizert&#160;</div>
              <div>&#160;</div>
              <div>Michael A. Smart&#160;</div>
              <div>&#160;</div>
              <div>Nancy E. Stuebe&#160;</div>
              <div>&#160;</div>
              <div>* Trustee is an &#8220;interested person&#8221; of the Fund&#160;</div>
              <div style="text-indent: 7.5pt;">as defined in the Investment Company Act of&#160;</div>
              <div style="text-indent: 7.5pt;">1940, as amended.&#160;</div>
              <div>&#160;</div>
              <div><font style="font-weight: bold;">Officers</font>&#160;</div>
              <div>&#160;</div>
              <div>Tracy V. Maitland&#160;</div>
              <div><font style="font-style: italic;">President and Chief Executive Officer</font>&#160;</div>
              <div>&#160;</div>
              <div>Robert White&#160;</div>
              <div><font style="font-style: italic;">Treasurer and Chief Financial Officer</font>&#160;</div>
              <div>&#160;</div>
              <div>Edward C. Delk&#160;</div>
              <div><font style="font-style: italic;">Secretary and Chief Compliance Officer</font>&#160;</div>
              <div>&#160;</div>
              <div>Tony Huang&#160;</div>
              <div><font style="font-style: italic;">Vice President and Assistant Secretary</font>&#160;</div>
            </td>
            <td style="width: 48.48%; vertical-align: top;" colspan="1">&#160;
              <div><font style="font-weight: bold;">Investment Adviser</font> <br>
              </div>
              <div>Advent Capital Management, LLC&#160;</div>
              <div>New York, NY&#160;</div>
              <div>&#160;</div>
              <div><font style="font-weight: bold;">Servicing Agent</font>&#160;</div>
              <div>Guggenheim Funds Distributors, LLC&#160;</div>
              <div>Chicago, IL&#160;</div>
              <div>&#160;</div>
              <div><font style="font-weight: bold;">Accounting Agent and Custodian</font>&#160;</div>
              <div>The Bank of New York Mellon&#160;</div>
              <div>New York, NY&#160;</div>
              <div>&#160;</div>
              <div><font style="font-weight: bold;">Administrator</font>&#160;</div>
              <div>MUFG Investor Services (US), LLC&#160;</div>
              <div>Rockville, MD&#160;</div>
              <div>&#160;</div>
              <div><font style="font-weight: bold;">Transfer Agent</font>&#160;</div>
              <div>Computershare Trust Company, N.A.&#160;</div>
              <div>Jersey City, NJ&#160;</div>
              <div>&#160;</div>
              <div><font style="font-weight: bold;">Legal Counsel</font>&#160;</div>
              <div>Skadden, Arps, Slate, Meagher&#160;</div>
              <div>&amp; Flom LLP&#160;</div>
              <div>New York, NY&#160;</div>
              &#160;
              <div><font style="font-weight: bold;">Independent Registered Public</font>&#160;</div>
              <div><font style="font-weight: bold;">Accounting Firm</font>&#160;</div>
              <div>PricewaterhouseCoopers LLP&#160;</div>
              <div>New York, NY&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">84 </sup>l <sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND
          ANNUAL REPORT</sup></div>
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        <div id="DSPFPageBreak" style="page-break-after:always;">
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      </div>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z40f84b06890f46d8a4204d2873157c07" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 38.37%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 61.63%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div><font style="font-weight: bold;">FUND INFORMATION continued</font>&#160;</div>
            </td>
            <td style="width: 38.37%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">October 31, 2020&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Portfolio Managers of the Fund</div>
      <div style="margin-bottom: 6pt;">The portfolio managers of the Fund are Tracy Maitland (President and Chief Investment Officer of Advent), Paul Latronica (Managing Director of Advent) and Tony Huang (Director of Advent).</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Privacy Principles of the Fund</div>
      <div style="margin-bottom: 6pt;">The Fund is committed to maintaining the privacy of its shareholders and to safeguarding their non-public personal information. The following information is provided to help you understand what personal information
        the Fund collects, how the Fund protects that information and why, in certain cases, the Fund may share information with select other parties.</div>
      <div style="margin-bottom: 6pt;">Generally, the Fund does not receive any non-public personal information relating to its shareholders, although certain non-public personal information of its shareholders may become available to the Fund. The Fund
        does not disclose any non-public personal information about its shareholders or former shareholders to anyone, except as permitted by law or as is necessary in order to service shareholder accounts (for example, to a transfer agent or third party
        administrator).</div>
      <div style="margin-bottom: 6pt;">The Fund restricts access to non-public personal information about its shareholders to employees of the Fund&#8217;s Investment Adviser and its affiliates with a legitimate business need for the information. The Fund
        maintains physical, electronic and procedural safeguards designed to protect the non-public personal information of its shareholders.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Questions concerning your shares of Advent Convertible and Income Fund?</div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" id="z7a2e9f7061e44188a6209ed41fae4f9c" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;">
                  <div style="margin-left: 18pt; margin-bottom: 6pt;">&#8226;</div>
                </td>
                <td style="width: auto; vertical-align: top;">
                  <div style="margin-bottom: 6pt;">
                    <div style="margin-bottom: 6pt;">If your shares are held in a Brokerage Account, contact your Broker.</div>
                  </div>
                </td>
              </tr>

          </table>
        </div>
        <table cellspacing="0" cellpadding="0" id="z67790907b8144638922f44ab5389a463" class="DSPFListTable" style="font-family: Arial; font-size: 10pt; margin-bottom: 6pt; width: 100%; text-align: left; color: #000000;">

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              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; margin-bottom: 6pt;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="margin-bottom: 6pt;">If you have physical possession of your shares in certificate form, contact the Fund&#8217;s Transfer Agent:&#160;Computershare Trust Company, N.A., P.O. Box 30170, College Station, TX 77842-3170; (866) 488-3559 or
                  online&#160;at www.computershare.com/investor.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="margin-bottom: 6pt;">This report is sent to shareholders of Advent Convertible and Income Fund for their information. It is not a Prospectus, circular or representation intended for use in the purchase or sale of shares of the Fund or of
        any securities mentioned in this report.</div>
      <div style="margin-bottom: 6pt;">A description of the Fund&#8217;s proxy voting policies and procedures related to portfolio securities is available without charge, upon request, by calling the Fund at (866) 274-2227. Information regarding how the Fund
        voted proxies for portfolio securities, if applicable, during the most recent 12-month period ended June 30, is also available, without charge and upon request by calling the Fund at (866) 274-2227, by visiting the Fund&#8217;s website at
        guggenheiminvestments.com/avk or by accessing the Fund&#8217;s Form N-PX on the U.S. Securities &amp; Exchange Commission&#8217;s (&#8220;SEC&#8221;) website at www.sec.gov.</div>
      <div style="margin-bottom: 6pt;">The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT, and for the reporting periods ended prior to July 31,, 2019, filed such
        information on Form N-Q. The Fund&#8217;s Forms N-PORT and N-Q are available on the SEC website at www.sec.gov or by visiting the Fund&#8217;s website at guggenheiminvestments.com/avk.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Notice to Shareholders</div>
      <div style="margin-bottom: 6pt;">Notice is hereby given in accordance with Section 23(c) of the Investment Company Act of 1940, as amended that the Fund from time to time may purchase shares of its common stock in the open market or in private
        transactions.</div>
      <div style="text-align: right; margin-bottom: 6pt;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">AVK </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">ADVENT CONVERTIBLE AND INCOME FUND ANNUAL REPORT </sup>l <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">85</sup></div>
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      </div>
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      </div>
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      </div>
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      </div>
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      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="margin-bottom: 6pt;"><br>
      </div>
      <div style="margin-bottom: 6pt; font-weight: bold;">ABOUT THE FUND MANAGER
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Advent Capital Management, LLC</div>
      <div style="margin-bottom: 6pt;">Advent Capital Management, LLC (&#8220;Advent&#8221;) is a registered investment adviser, based in New York, which specializes in convertible and high-yield securities for institutional and individual investors. The firm was
        established by Tracy V. Maitland, a former Director in the Convertible Securities sales and trading division of Merrill Lynch. Advent&#8217;s investment discipline emphasizes capital structure research, encompassing equity fundamentals as well as credit
        research, with a focus on cash flow and asset values while seeking to maximize total return.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Investment Philosophy</div>
      <div style="margin-bottom: 6pt;">Advent believes that superior returns can be achieved while reducing risk by investing in a diversified portfolio of global equity, convertible and high-yield securities. Advent seeks securities with attractive
        risk/reward characteristics. Advent employs a bottom-up security selection process across all of the strategies it manages. Securities are chosen from those that Advent believes have stable-to-improving fundamentals and attractive valuations.</div>
      <div style="margin-bottom: 6pt; font-weight: bold;">Investment Process</div>
      <div style="margin-bottom: 6pt;">Advent manages securities by using a strict four-step process:</div>
      <table cellspacing="0" cellpadding="0" id="z8f489902ef8c4c669d9367105c02c9c4" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 4.72%; vertical-align: top;">
              <div><font style="font-weight: bold;">1</font>&#160; &#160; &#160;</div>
            </td>
            <td style="width: 95.28%; vertical-align: middle;">
              <div>Screen the convertible and high-yield markets for securities with attractive risk/reward characteristics and favorable cash flows;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 4.72%; vertical-align: top;">
              <div><font style="font-weight: bold;">2</font>&#160; &#160; &#160;</div>
            </td>
            <td style="width: 95.28%; vertical-align: middle;">
              <div>Analyze the quality of issues to help manage downside risk;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 4.72%; vertical-align: top;">
              <div><font style="font-weight: bold;">3</font>&#160; &#160; &#160;</div>
            </td>
            <td style="width: 95.28%; vertical-align: middle;">
              <div>Analyze fundamentals to identify catalysts for favorable performance; and</div>
            </td>
          </tr>
          <tr>
            <td style="width: 4.72%; vertical-align: top;">
              <div><font style="font-weight: bold;">4</font>&#160; &#160; &#160;</div>
            </td>
            <td style="width: 95.28%; vertical-align: middle;">
              <div>Continually monitor the portfolio for improving or deteriorating trends in the financials of each investment.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z259e6befdf774c23a01de94f7cc0fe71" style="font-family: Arial; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 48.43%; vertical-align: middle;">&#160;</td>
            <td style="width: 51.45%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 48.43%; vertical-align: bottom;">
              <div><font style="font-weight: bold;">Advent Capital Management, LLC</font>&#160;</div>
            </td>
            <td style="width: 51.45%; vertical-align: bottom;">
              <div><font style="font-weight: bold;">Guggenheim Funds Distributors, LLC</font>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 48.43%; vertical-align: bottom;">
              <div>888 Seventh Avenue, 31st Floor&#160;</div>
            </td>
            <td style="width: 51.45%; vertical-align: bottom;">
              <div>227 West Monroe Street&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 48.43%; vertical-align: bottom;">
              <div>New York, NY 10019&#160;</div>
            </td>
            <td style="width: 51.45%; vertical-align: bottom;">
              <div>Chicago, IL 60606&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 48.43%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 51.45%; vertical-align: bottom;">
              <div>Member FINRA/SIPC&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 48.43%; vertical-align: bottom;">
              <div>&#160;</div>
            </td>
            <td style="width: 51.45%; vertical-align: bottom;">
              <div>(12/20)&#160;</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 6pt;">&#160;</div>
      <div style="text-align: center; margin-bottom: 6pt; font-weight: bold;">NOT FDIC-INSURED l NOT BANK-GUARANTEED l MAY LOSE VALUE</div>
      <div style="text-align: right; margin-bottom: 6pt; font-weight: bold;">CEF-AVK-AR-1020</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Item 2.&#160; Code of Ethics.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(a)&#160; &#160; &#160; &#160; &#160;&#160; The registrant has adopted a code of ethics that applies to its principal executive officer, principal financial officer, principal accounting officer or controller, or
          persons performing similar functions (the &#8220;Code of Ethics&#8221;).</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(b)&#160; &#160; &#160; &#160; &#160;&#160; No information need be disclosed pursuant to this paragraph.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(c)&#160; &#160; &#160; &#160; &#160;&#160; The registrant has not amended its Code of Ethics during the period covered by the report presented in Item 1 hereto.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(d)&#160; &#160; &#160; &#160; &#160;&#160; The registrant has not granted a waiver or an implicit waiver to its principal executive officer, principal financial officer, principal accounting officer or
          controller, or persons performing similar functions from a provision of its Code of Ethics during the period covered by this report.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(e)&#160; &#160; &#160; &#160; &#160;&#160; Not applicable.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(f)&#160; &#160; &#160; &#160; &#160;&#160; (1) The registrant&#8217;s Code of Ethics is attached hereto as Exhibit (a)(1).</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(2)&#160; Not applicable.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(3)&#160; Not applicable.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">&#160;<font style="font-weight: bold;">Item 3.&#160; Audit Committee Financial Expert.</font></div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">The registrant&#8217;s Board of Trustees has determined that it has six audit committee financial experts serving on its audit committee (the &#8220;Audit Committee&#8221;), each of whom is an
          &#8220;independent&#8221; Trustee, as defined in Item 3 of Form N-CSR: Randall C. Barnes, Daniel L. Black, Derek M. Medina, Ronald A. Nyberg, Gerald L. Seizert and Michael A. Smart.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">Mr. Barnes qualifies as an audit committee financial expert by virtue of his experience obtained as a former Senior Vice President, Treasurer of PepsiCo, Inc.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">Mr. Black qualifies as an audit committee financial expert by virtue of his experience obtained as a partner of a private equity firm, which includes review and analysis of audited
          and unaudited financial statements using generally accepted accounting principles (&#8220;GAAP&#8221;) to show accounting estimates, accruals and reserves.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">Mr. Medina qualifies as an audit committee financial expert by virtue of his experience obtained as a Senior Vice President, Business Affairs of ABC News and as a former associate in
          Corporate Finance at J.P. Morgan/Morgan Guaranty, which includes review and analysis of audited and unaudited financial statements using GAAP to show accounting estimates, accruals and reserves.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">Mr. Nyberg qualifies as an audit committee financial expert by virtue of his experience obtained as a former Executive Vice President, General Counsel and Secretary of Van Kampen
          Investments, which included review and analysis of offering documents and audited and unaudited financial statements using GAAP to show accounting estimates, accruals and reserves.</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">Mr. Seizert qualifies as an audit committee financial expert by virtue of his experience obtained as the chief executive officer and portfolio manager of an asset management company,
          which includes review and analysis of audited and unaudited financial statements using GAAP to show accounting estimates, accruals and reserves.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">Mr. Smart qualifies as an audit committee financial expert by virtue of his experience obtained as a managing partner of a private equity firm and a former Vice President at Merrill
          Lynch &amp; Co, which includes review and analysis of audited and unaudited financial statements using GAAP to show accounting estimates, accruals and reserves.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(Under applicable securities laws, a person who is determined to be an audit committee financial expert will not be deemed an &#8220;expert&#8221; for any purpose, including without limitation
          for the purposes of Section 11 of the Securities Act of 1933, as amended, as a result of being designated or identified as an audit committee financial expert.&#160; The designation or identification of a person as an audit committee financial expert
          does not impose on such person any duties, obligations, or liabilities that are greater than the duties, obligations, and liabilities imposed on such person as a member of the Audit Committee and Board of Trustees in the absence of such
          designation or identification.&#160; The designation or identification of a person as an audit committee financial expert pursuant to this Item does not affect the duties, obligations, or liability of any other member of the Audit Committee or Board
          of Trustees.)</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Item 4.&#160; Principal Accountant Fees and Services.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(a) Audit Fees:&#160; the aggregate fees billed for professional services rendered by the principal accountant for the audit of the registrant&#8217;s annual financial statements or services
          that are normally provided by the accountant in connection with statutory and regulatory filings or engagements were $100,000 and $100,000 for the fiscal years ended October 31, 2020, and October 31, 2019, respectively.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(b) Audit-Related Fees: the aggregate fees billed for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the
          registrant&#8217;s financial statements, and are not reported under paragraph 4(a) of this Item, were $0 and $0 for the fiscal years ended October 31, 2020, and October 31, 2019, respectively.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">The registrant&#8217;s principal accountant did not bill fees for tax services not included in Items 4(a), (b) or (c) above that required approval by the Audit Committee pursuant to
          paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X during the registrant&#8217;s last two fiscal years.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(c) Tax Fees: the aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning, including federal, state and
          local income tax return preparation and related advice and determination of taxable income and miscellaneous tax advice were $17,510 and $17,510 for the fiscal years ended October 31, 2020, and October 31, 2019, respectively.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">The registrant&#8217;s principal accountant did not bill fees for non-audit services that required approval by the Audit Committee pursuant to paragraph (c)(7)(ii) of Rule 2-01 of
          Regulation S-X during the registrant&#8217;s last two fiscal years.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(d)&#160; All Other Fees: the aggregate fees billed for products and services provided by the principal accountant, other than the services reported in paragraphs 4(a), 4(b) or 4(c) of
          this Item were $0 and $0 for the fiscal years ended October 31, 2020, and October 31, 2019, respectively.</div>
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        </div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">The registrant&#8217;s principal accountant did not bill fees for non-audit services that required approval by the Audit Committee pursuant to paragraph (c)(7)(ii) of Rule 2-01 of
          Regulation S-X during the registrant&#8217;s last two fiscal years.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(e)&#160; Audit Committee Pre-Approval Policies and Procedures.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(1)&#160;&#160; In accordance with Rule 2-01(c)(7) of Regulation S-X, the Audit Committee pre-approves all of the Audit and Tax Fees of the registrant. All of the services described in
          paragraphs 4(b) through 4(d) above were approved by the Audit Committee in accordance with paragraph (c)(7) of Rule 2-01 of Regulation S-X.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">The Audit Committee has adopted written policies relating to the pre-approval of the audit and non-audit services performed by the registrant&#8217;s independent auditors. Unless a type of
          service to be provided by the independent auditors has received general pre-approval, it requires specific pre-approval by the Audit Committee. Under the policies, on an annual basis, the Audit Committee reviews and pre-approves the services to
          be provided by the independent auditors without having to obtain specific pre-approval from the Audit Committee. The Audit Committee has delegated pre-approval authority to the Audit Committee Chairperson. In addition, the Audit Committee
          pre-approves any permitted non-audit services to be provided by the independent auditors to the registrant&#8217;s investment adviser or any entity controlling, controlled by, or under common control with the adviser if such services relate directly to
          the operations and financial reporting of the registrant.</div>
        <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">AUDIT COMMITTEE PRE-APPROVAL POLICY OF</div>
        <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">ADVENT CONVERTIBLE AND INCOME FUND</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Statement of Principles</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">The Audit Committee (the &#8220;Audit Committee&#8221;) of the Board of Trustees (the &#8220;Board&#8221;) of Advent&#160; Convertible and Income Fund (the &#8220;Trust,&#8221;) is required to pre-approve all Covered
          Services (as defined in the Audit Committee Charter) in order to assure that the provision of the Covered Services does not impair the auditors&#8217; independence.&#160; Unless a type of service to be provided by the Independent Auditor (as defined in the
          Audit Committee Charter) is pre-approved in accordance with the terms of this Audit Committee Pre-Approval Policy (the &#8220;Policy&#8221;), it will require specific pre-approval by the Audit Committee or by any member of the Audit Committee to which
          pre-approval authority has been delegated.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">This Policy and the appendices to this Policy describe the Audit, Audit-Related, Tax and All Other services that are Covered Services and that have been pre-approved under this
          Policy.&#160; The appendices hereto sometimes are referred to herein as the &#8220;Service Pre-Approval Documents&#8221;.&#160; The term of any such pre-approval is 12 months from the date of pre-approval, unless the Audit Committee specifically provides for a
          different period.&#160; At its June meeting of each calendar year, the Audit Committee will review and re-approve this Policy and approve or re-approve the Service Pre-Approval Documents for that year, together with any changes deemed necessary or
          desirable by the Audit Committee.&#160; The Audit Committee may, from time to time, modify the nature of the services pre-approved, the aggregate level of fees pre-approved or both.&#160; The Audit Committee hereby directs that each version of this Policy
          and the Service Pre-Approval Documents approved, re-approved or amended from time to time be maintained with the books and records of the Trust.</div>
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        </div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Delegation</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">In the intervals between the scheduled meetings of the Audit Committee, the Audit Committee delegates pre-approval authority under this Policy to the Chairman of the Audit Committee
          (the &#8220;Chairman&#8221;).&#160; The Chairman shall report any pre-approval decisions under this Policy to the Audit Committee at its next scheduled meeting. At each scheduled meeting, the Audit Committee will review with the Independent Auditor the Covered
          Services pre-approved by the Chairman pursuant to delegated authority, if any, and the fees related thereto.&#160; Based on these reviews, the Audit Committee can modify, at its discretion, the pre-approval originally granted by the Chairman pursuant
          to delegated authority.&#160; This modification can be to the nature of services pre-approved, the aggregate level of fees approved, or both.&#160; The Audit Committee expects pre-approval of Covered Services by the Chairman pursuant to this delegated
          authority to be the exception rather than the rule and may modify or withdraw this delegated authority at any time the Audit Committee determines that it is appropriate to do so.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Pre-Approved Fee Levels</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">Fee levels for all Covered Services to be provided by the Independent Auditor and pre-approved under this Policy will be established annually by the Audit Committee and set forth in
          the Service Pre-Approval Documents.&#160; Any increase in pre-approved fee levels will require specific pre-approval by the Audit Committee (or the Chairman pursuant to delegated authority).</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Audit Services</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">The terms and fees of the annual Audit services engagement for the Trust are subject to the specific pre-approval of the Audit Committee. The Audit Committee will approve, if
          necessary, any changes in terms, conditions or fees resulting from changes in audit scope, Trust structure or other matters.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">In addition to the annual Audit services engagement specifically approved by the Audit Committee, any other Audit services for the Trust not listed in the Service Pre-Approval
          Document for the respective period must be specifically pre-approved by the Audit Committee (or the Chairman pursuant to delegated authority).</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Audit-Related Services</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">Audit-Related services are assurance and related services that are not required for the audit, but are reasonably related to the performance of the audit or review of the financial
          statements of the Trust and, to the extent they are Covered Services, the other Covered Entities (as defined in the Audit Committee Charter) or that are traditionally performed by the Independent Auditor.&#160; Audit-Related services that are Covered
          Services and are not listed in the Service Pre-Approval Document for the respective period must be specifically pre-approved by the Audit Committee (or the Chairman pursuant to delegated authority).</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Tax Services</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">The Audit Committee believes that the Independent Auditor can provide Tax services to the Covered Entities such as tax compliance, tax planning and tax advice without impairing the
          auditor&#8217;s independence.&#160; However, the Audit Committee will not permit the retention of the Independent Auditor in connection with a transaction initially recommended by the Independent Auditor, the sole business purpose of which may be tax
          avoidance and the tax treatment of which may not be supported in the Internal Revenue Code and related regulations.&#160; Tax services that are Covered Services and are not listed in the Service Pre-Approval Document for the respective period must be
          specifically pre-approved by the Audit Committee (or the Chairman pursuant to delegated authority).</div>
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        </div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">All Other Services</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">All Other services that are Covered Services and are not listed in the Service Pre-Approval Document for the respective period must be specifically pre-approved by the Audit
          Committee (or the Chairman pursuant to delegated authority).</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Procedures</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">Requests or applications to provide Covered Services that require approval by the Audit Committee (or the Chairman pursuant to delegated authority) must be submitted to the Audit
          Committee or the Chairman, as the case may be, by both the Independent Auditor and the Chief Financial Officer of the respective Covered Entity, and must include a joint statement as to whether, in their view, (a) the request or application is
          consistent with the SEC&#8217;s rules on auditor independence and (b) the requested service is or is not a non-audit service prohibited by the SEC.&#160; A request or application submitted to the Chairman between scheduled meetings of the Audit Committee
          should include a discussion as to why approval is being sought prior to the next regularly scheduled meeting of the Audit Committee.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(2)&#160;&#160; None of the services described in each of Items 4 (b) through (d) were approved by the Audit Committee pursuant to paragraph (c)(7)(C) of Rule 2-01 of Regulation S-X.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(f) Not applicable.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(g) The aggregate non-audit fees billed by the registrant&#8217;s accountant for services rendered to the registrant, the registrant&#8217;s investment adviser (not including a sub-adviser whose
          role is primarily portfolio management and is sub-contracted with or overseen by another investment adviser) and/or any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant
          that directly related to the operations and financial reporting of the registrant were $17,510 and $17,510 for the fiscal years ended October 31, 2020, and October 31, 2019, respectively.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(h) Not applicable.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Item 5.&#160; Audit Committee of Listed Registrants.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">a)&#160;&#160; The Audit Committee was established as a separately designed standing audit committee in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934 as amended.&#160;
          The Audit Committee of the registrant is composed of: Randall C. Barnes, Daniel L. Black, Derek M. Medina, Ronald A. Nyberg, Gerald L. Seizert and Michael A. Smart.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">b)&#160;&#160; Not applicable.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Item 6.&#160; Schedule of Investments.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">The Schedule of Investments is included as part of Item 1.</div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="page-break-after: always;" id="DSPFPageBreak">
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        </div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Item 7.&#160; Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">The registrant has delegated the voting of proxies relating to its voting securities to its investment manager, Advent Capital Management, LLC (the &#8220;Manager&#8221;).&#160; The Manager&#8217;s Proxy
          Voting Policies and Procedures are included as Exhibit (c) attached hereto.</div>
        <div style="margin-bottom: 12pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Item 8.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">&#160; Portfolio Managers of Closed-End Management Investment Companies.</font></div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">a) (1) The individuals who are primarily responsible for the day-to-day management of the Fund&#8217;s portfolio (the &#8220;Portfolio Managers&#8221;) include Tracy Maitland (President and Chief
          Investment Officer of Advent), Paul Latronica (Managing Director of Advent) and Tony Huang (Director of Advent).&#160; Mr. Maitland and Mr. Latronica are portfolio managers and Mr. Huang is an associate portfolio manager.&#160; The Portfolio Managers are
          supported by teams of investment professionals who make investment decisions for the Fund&#8217;s core portfolio of convertible bonds, the Fund&#8217;s high yield securities investments and the Fund&#8217;s leverage allocation, respectively.&#160; The following
          provides information regarding the Portfolio Managers as of October 31, 2020.</div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z3987bf5a6b4a4959b14ce03a2ce0406c">

            <tr>
              <td style="width: 26.32%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Name</div>
              </td>
              <td style="width: 19.2%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">Since</div>
              </td>
              <td style="width: 54.48%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Professional Experience</div>
              </td>
            </tr>
            <tr>
              <td style="width: 26.32%; vertical-align: top; border-bottom: #000000 2px solid;">
                <div>Tracy Maitland</div>
              </td>
              <td style="width: 19.2%; vertical-align: top; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">2003</div>
                <div style="text-align: center;">(Inception)</div>
              </td>
              <td style="width: 54.48%; vertical-align: top; border-bottom: #000000 2px solid;">
                <div>Founder, President and Chief Investment Officer of Advent Capital Management, LLC.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 26.32%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Paul Latronica</div>
              </td>
              <td style="width: 19.2%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">2011</div>
              </td>
              <td style="width: 54.48%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Managing Director of Advent Capital Management, LLC. He has been associated with Advent for more than 23 years.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 26.32%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Tony Huang</div>
              </td>
              <td style="width: 19.2%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">2019</div>
              </td>
              <td style="width: 54.48%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Director of Advent Capital Management, LLC. He has been associated with Advent for more than 13 years.</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div></div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(a) (2) (i-iii) Other accounts managed. The following summarizes information regarding each of the other accounts managed by them as of October 31, 2020:</div>
        <div style="font-family: 'Times New Roman';"><u>Tracy Maitland</u></div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z9a4fee49400e4ee3a91cc24028186002">

            <tr>
              <td style="width: 26.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Type of Account</div>
              </td>
              <td style="width: 16.27%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Number of Accounts*</div>
              </td>
              <td style="width: 19.08%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Total Assets in the Accounts*</div>
              </td>
              <td style="width: 19.09%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Number of Accounts In Which the Advisory Fee is Based on Performance</div>
              </td>
              <td style="width: 19.09%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Total Assets in the Accounts In Which the Advisory Fee is Based on Performance</div>
              </td>
            </tr>
            <tr>
              <td style="width: 26.48%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Registered investment companies</div>
              </td>
              <td style="width: 16.27%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>1</div>
              </td>
              <td style="width: 19.08%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$ 881,884,772.56</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>0</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 26.48%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Other pooled investment vehicles</div>
              </td>
              <td style="width: 16.27%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>1</div>
              </td>
              <td style="width: 19.08%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$ 61,190,670.44</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>0</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 26.48%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Other accounts</div>
              </td>
              <td style="width: 16.27%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>524</div>
              </td>
              <td style="width: 19.08%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$ 5,575,480,608.52</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>14</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$ 206,389,756.91</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="margin-bottom: 6pt; font-family: 'Times New Roman';"><u>Paul Latronica</u></div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z81b03c2a4cd7412889eea69daf98affe">

            <tr>
              <td style="width: 26.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Type of Account</div>
              </td>
              <td style="width: 16.27%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Number of Accounts*</div>
              </td>
              <td style="width: 19.08%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Total Assets in the Accounts*</div>
              </td>
              <td style="width: 19.09%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Number of Accounts In Which the Advisory Fee is Based on Performance</div>
              </td>
              <td style="width: 19.09%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Total Assets in the Accounts In Which the Advisory Fee is Based on Performance</div>
              </td>
            </tr>
            <tr>
              <td style="width: 26.48%; vertical-align: bottom; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Registered investment companies</div>
              </td>
              <td style="width: 16.27%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>1</div>
              </td>
              <td style="width: 19.08%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$&#160; 881,884,772.56</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>0</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 26.48%; vertical-align: bottom; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Other pooled investment vehicles</div>
              </td>
              <td style="width: 16.27%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>-</div>
              </td>
              <td style="width: 19.08%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$-</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 26.48%; vertical-align: bottom; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Other accounts</div>
              </td>
              <td style="width: 16.27%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>504</div>
              </td>
              <td style="width: 19.08%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$3,439,855,909</div>
                <div>&#160;</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>0</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$0</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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        </div>
        <div><br>
        </div>
        <div style="font-family: 'Times New Roman';"><u>Tony Huang</u></div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z83814848bd284832b1f30bff912bd882">

            <tr>
              <td style="width: 27.36%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Type of Account</div>
              </td>
              <td style="width: 15.39%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Number of Accounts*</div>
              </td>
              <td style="width: 19.08%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Total Assets in the Accounts*</div>
              </td>
              <td style="width: 19.09%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Number of Accounts In Which the Advisory Fee is Based on Performance</div>
              </td>
              <td style="width: 19.09%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div>Total Assets in the Accounts In Which the Advisory Fee is Based on Performance</div>
              </td>
            </tr>
            <tr>
              <td style="width: 27.36%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Registered investment companies</div>
              </td>
              <td style="width: 15.39%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>1</div>
              </td>
              <td style="width: 19.08%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$&#160; 881,884,772.56</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>0</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 27.36%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Other pooled investment vehicles</div>
              </td>
              <td style="width: 15.39%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>1</div>
              </td>
              <td style="width: 19.08%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$&#160; 61,190,670.44</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>0</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 27.36%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>Other accounts</div>
              </td>
              <td style="width: 15.39%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>7</div>
              </td>
              <td style="width: 19.08%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$ 2,257,665,495.00</div>
                <div>&#160;</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>0</div>
              </td>
              <td style="width: 19.09%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div>$0</div>
              </td>
            </tr>

        </table>
        <div style="font-family: 'Times New Roman';">* Please note that amounts were calculated as of September 30, 2020, which is the most recent date prior to October 31, 2020, for which such amounts were calculated.</div>
        <div><br>
        </div>
        <div style="margin-bottom: 6pt; font-family: 'Times New Roman';">(a) (2) (iv) Conflicts of Interest. If another account of the Portfolio Managers has investment objectives and policies that are similar to those of the registrant, the Portfolio
          Managers will allocate orders pro-rata among the registrant and such other accounts, or, if the Portfolio Managers deviate from this policy, the Portfolio Managers will allocate orders such that all accounts (including the registrant) receive
          fair and equitable treatment.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(a) (3) Compensation Structure.&#160; The salaries of the Portfolio Managers are fixed at an industry-appropriate amount and generally reviewed annually. In addition, a discretionary
          bonus may be awarded to the Portfolio Managers, if appropriate.&#160; Bonuses are generally considered on an annual basis and based upon a variety of factors, including, but not limited to, the overall success of the firm, an individual&#8217;s
          responsibility and his/her performance versus expectations. The bonus is determined by senior management at Advent Capital Management, LLC.&#160; Compensation is based on the entire employment relationship and not based solely on the performance of
          the registrant or any other single account or type of account.&#160; In addition, all Advent Capital Management, LLC employees are also eligible to participate in a 401(k) plan.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(a) (4)&#160;&#160; Securities ownership. The following table discloses the dollar range of equity securities of the registrant beneficially owned by the Portfolio Managers as of October 31,
          2020:</div>
        <div>
          <div><u><font style="font-family: 'Times New Roman';">Name of Portfolio Manager</font>&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman';">Dollar Range of Equity Securities in Fund</font></u></div>
        </div>
        <div><font style="font-family: 'Times New Roman';">Tracy Maitland</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman';">More than $1,000,000</font></div>
        <div><font style="font-family: 'Times New Roman';">Tony Huang</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman';">$50,000-100,000</font></div>
        <div style="margin-bottom: 12pt;"><font style="font-family: 'Times New Roman';">Paul Latronica</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman';">$50,000-100,000</font></div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">b) Not applicable.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Item 9.&#160; Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">None.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Item 10.&#160; Submission of Matters to a Vote of Security Holders.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">The registrant has not made any material changes to the procedures by which shareholders may recommend nominees to the registrant&#8217;s Board of Trustees.</div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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        </div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Item 11.&#160; Controls and Procedures.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(a)&#160; &#160; &#160; The registrant&#8217;s principal executive officer and principal financial officer have evaluated the registrant&#8217;s disclosure controls and procedures (as defined in Rule 30a-3(c)
          under the Investment Company Act) as of a date within 90 days of this filing and have concluded based on such evaluation, as required by Rule 30a-3(b) under the Investment Company Act, that the registrant&#8217;s disclosure controls and procedures were
          effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-CSR was recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission&#8217;s
          rules and forms.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(b)&#160; &#160; &#160; There were no changes in the registrant&#8217;s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the
          registrant&#8217;s period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(a) The registrant has not participated in securities lending activities during the period covered by this report.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(b) Not applicable.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">Item 13.&#160; Exhibits.</div>
        <div style="margin-bottom: 12pt;"><a href="ex99a1.htm"><font style="font-family: 'Times New Roman';">(a)(1)</font>&#160;&#160; <font style="font-family: 'Times New Roman';">Code of Ethics for Chief Executive and Senior Financial Officers.</font></a></div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';"><a href="ex99cert.htm">(a)(2)&#160;&#160;&#160; Certification of principal executive officer and principal
            financial officer pursuant to Rule 30a-2(a) of the Investment Company Act.</a></div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">(a)(3)&#160;&#160;&#160;&#160; Not applicable.</div>
        <div style="margin-bottom: 12pt;"><a href="ex99906cert.htm"><font style="font-family: 'Times New Roman';">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman';">Certification of principal executive officer and principal financial officer pursuant to Rule 30a-2(b) of the Investment Company Act and Section 906 of the Sarbanes-Oxley Act of 2002.</font></a></div>
        <div style="font-family: 'Times New Roman';"><a href="ex99c.htm">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Proxy Voting Policies and Procedures.</a></div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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        </div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman'; font-weight: bold;">SIGNATURES</div>
        <div style="margin-bottom: 12pt;"><br>
        </div>
        <div style="text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman';">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed
          on its behalf by the undersigned, thereunto duly authorized.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';"><u>Advent Convertible and Income Fund</u></div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">By:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>/s/ Tracy V. Maitland&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
              </u></div>
        <div style="margin-bottom: 12pt;"><font style="font-family: 'Times New Roman';">Name:</font>&#160;&#160; <font style="font-family: 'Times New Roman';">Tracy V. Maitland</font></div>
        <div style="margin-bottom: 12pt;"><font style="font-family: 'Times New Roman';">Title:</font>&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman';">President and Chief Executive Officer</font></div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">Date:&#160;&#160;&#160;&#160;&#160; December 31, 2020<br>
        </div>
        <div style="text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman';">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on
          behalf of the registrant and in the capacities and on the dates indicated.</div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">By:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>/s/ Tracy V. Maitland &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160;</u></div>
        <div style="margin-bottom: 12pt;"><font style="font-family: 'Times New Roman';">Name:</font>&#160;&#160; <font style="font-family: 'Times New Roman';">Tracy V. Maitland</font></div>
        <div style="margin-bottom: 12pt;"><font style="font-family: 'Times New Roman';">Title:</font>&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman';">President and Chief Executive Officer</font></div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">Date:&#160;&#160;&#160;&#160; December 31 2020<br>
        </div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">By:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>/s/ Robert White&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
            </u></div>
        <div style="margin-bottom: 12pt;"><font style="font-family: 'Times New Roman';">Name:</font>&#160;&#160;&#160; <font style="font-family: 'Times New Roman';">Robert White</font></div>
        <div style="margin-bottom: 12pt;"><font style="font-family: 'Times New Roman';">Title:</font>&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman';">Treasurer and Chief Financial Officer</font></div>
        <div style="margin-bottom: 12pt; font-family: 'Times New Roman';">Date:&#160;&#160;&#160;&#160;&#160;&#160; December 31, 2020<br>
        </div>
      </div>
    </div>
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<DOCUMENT>
<TYPE>EX-99.(A)(1)
<SEQUENCE>2
<FILENAME>ex99a1.htm
<DESCRIPTION>CODE OF ETHICS
<TEXT>
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    <div style="margin-bottom: 12pt; font-weight: bold;">EXHIBIT (a)(1)</div>
    <div style="text-align: center; font-weight: bold;">CODE OF ETHICS<br>
      FOR<br>
      CHIEF EXECUTIVE AND SENIOR FINANCIAL OFFICERS<br>
      OF THE<br>
      ADVENT CONVERTIBLE</div>
    <div style="text-align: center; font-weight: bold;">AND INCOME FUND</div>
    <div style="text-align: center; margin-bottom: 12pt; font-weight: bold;"><br>
      <br>
      AS ADOPTED BY THE BOARD OF TRUSTEES<br>
      JUNE 19, 2003</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">The Advent Convertible and Income Fund (the &#8220;<u>Fund</u>&#8221;) is committed to conducting business in accordance with applicable laws, rules and regulations and the highest standards of business ethics,
      and to full and accurate disclosure -- financial and otherwise -- in compliance with applicable law.&#160; This Code of Ethics, applicable to the Fund&#8217;s Chief Executive Officer, President, Chief Financial Officer and Treasurer (or persons performing
      similar functions) (together, &#8220;<u>Senior Officers</u>&#8221;), sets forth policies to guide you in the performance of your duties.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">As a Senior Officer, you must comply with applicable law.&#160; You also have a responsibility to conduct yourself in an honest and ethical manner.&#160; You have leadership responsibilities that include
      creating a culture of high ethical standards and a commitment to compliance, maintaining a work environment that encourages the internal reporting of compliance concerns and promptly addressing compliance concerns.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">This Code of Ethics recognizes that the Senior Officers are subject to certain conflicts of interest inherent in the operation of investment companies, because the Senior Officers currently or may in
      the future serve as Senior Officers of the Fund, as officers or employees of the Fund&#8217;s investment advisor (the &#8220;<u>Advisor</u>&#8221;) and investment manager (the &#8220;<u>Investment Manager</u>&#8221;) and as officers or trustees of other registered investment
      companies and unregistered investment funds advised by the Advisor or the Investment Manager.&#160; This Code of Ethics also recognizes that certain laws and regulations applicable to, and certain policies and procedures adopted by, the Fund or the
      Advisor govern your conduct in connection with many of the conflict of interest situations that arise in connection with the operations of the Fund, including:</div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z64bd2944d5d54b8bb9a3906bcf6fd7a7">

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              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>the Investment Company Act of 1940, and the rules and regulation promulgated thereunder by the Securities and Exchange Commission (the &#8220;<u>1940 Act</u>&#8221;);</div>
            </td>
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      </table>
    </div>
    <div>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8f8e0f7bd62746a3ad50d2de1e9ff4b2">

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              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>the Investment Advisers Act of 1940, and the rules and regulations promulgated thereunder by the Securities and Exchange Commission (the &#8220;<u>Advisers Act</u>&#8221;);</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z638ff07ea3f143f2b010e1121363a2c7">

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              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>the Code of Ethics adopted by the Fund and the other Funds pursuant to Rule 17j-1(c) under the 1940 Act (collectively, the &#8220;<u>Fund&#8217;s 1940 Act Code of Ethics</u>&#8221;);</div>
            </td>
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      </table>
    </div>
    <div>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8ab4256ad0a4485181df0840cc56a980">

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              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>one or more codes of ethics adopted by the Advisor and the Investment Manager that have been reviewed and approved by those trustees (the &#8220;<u>Trustees</u>&#8221;) of the Fund that are not &#8220;interested persons&#8221; of the Fund (the &#8220;<u>Independent
                  Trustees</u>&#8221;) within the meaning of the 1940 Act (the &#8220;<u>Advisor&#8217;s 1940 Act Code of Ethics</u>&#8221; and, together with the Fund&#8217;s 1940 Act Code of Ethics, the &#8220;<u>1940 Act Codes of Ethics</u>&#8221;);</div>
            </td>
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      </table>
    </div>
    <div>
      <div> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7438f69b6b554cc492a3bf0509855d22">

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              <div>&#8226;</div>
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            <td style="width: auto; vertical-align: top;">
              <div>the policies and procedures adopted by the Fund to address conflict of interest situations, such as procedures under Rule 10f-3 and Rule 17a-7 under the 1940 Act (collectively, the &#8220;<u>Fund Policies</u>&#8221;);</div>
            </td>
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      </table>
    </div>
    <div>
      <div> <br>
      </div>
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              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>the Advisor&#8217;s general policies and procedures to address, among other things, conflict of interest situations and related matters (collectively, the &#8220;<u>Advisor Policies</u>&#8221;); and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <div> <br>
      </div>
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              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>the Investment Manager&#8217;s general policies and procedures to address, among other things, conflict of interest situations and related matters (collectively, the &#8220;<u>Investment Manager Policies</u>&#8221;); and</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom: 12pt;"> <br>
    </div>
    <div style="margin-bottom: 12pt;">The provisions of the 1940 Act, the Advisers Act, the 1940 Act Codes of Ethics, the Fund Policies, Advisor Policies and the Investment Manager Policies are referred to herein collectively as the &#8220;<u>Additional Conflict
        Rules</u>.&#8221;</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">This Code of Ethics is different from, and is intended to supplement, the Additional Conflict Rules.&#160; Accordingly, a violation of the Additional Conflict Rules by a Senior Officer is hereby deemed
      not to be a violation of this Code of Ethics, unless and until the Board of Trustees of the Trust (the &#8220;<u>Board</u>&#8221;) shall determine that any such violation of the Additional Conflict Rules is also a violation of this Code of Ethics.</div>
    <div style="margin-bottom: 12pt; font-weight: bold;">Senior Officers Should Act Honestly and Candidly</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">Each Senior Officer has a responsibility to the Fund to act with integrity.&#160; Integrity requires, among other things, being honest and candid.&#160; Deceit and subordination of principle are inconsistent
      with integrity.</div>
    <div style="margin-bottom: 12pt;">Each Senior Officer must:</div>
    <div>
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            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>act with integrity, including being honest and candid while still maintaining the confidentiality of information where required by law or the Additional Conflict Rules;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7c6fcd93d08641a8b56f09c1dcd995c0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>comply with the laws, rules and regulations that govern the conduct of the Fund&#8217;s operations and report any suspected violations thereof in accordance with the section below entitled &#8220;Compliance With Code Of Ethics&#8221;; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb3828741204e49ba9009d5633f2480a6">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>adhere to a high standard of business ethics.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="margin-bottom: 12pt; font-weight: bold;">Conflicts Of Interest</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">A conflict of interest for the purpose of this Code of Ethics occurs when your private interests interfere in any way, or even appear to interfere, with the interests of the Fund.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">Senior Officers are expected to use objective and unbiased standards when making decisions that affect the Fund, keeping in mind that Senior Officers are subject to certain inherent conflicts of
      interest because Senior Officers of a Fund also are or may be officers of other Funds, the Advisor and other funds advised or serviced by the Advisor, and the Investment Manager and other funds advised or serviced by the Investment Manager (as a
      result of which it is incumbent upon you to be familiar with and to seek to comply with the Additional Conflict Rules).</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">You are required to conduct the business of the Fund in an honest and ethical manner, including the ethical handling of actual or apparent conflicts of interest between personal </div>
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    </div>
    <div style="margin-bottom: 12pt;">and business relationships.&#160; When making any investment, accepting any position or benefits, participating in any transaction or business arrangement or otherwise acting in a manner that creates or appears to create a
      conflict of interest with respect to the Fund where you are receiving a personal benefit, you should act in accordance with the letter and spirit of this Code of Ethics.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">If you are in doubt as to the application or interpretation of this Code of Ethics to you as a Senior Officer of the Fund, you should make full disclosure of all relevant facts and circumstances to
      the general counsel of the Investment Manager (the &#8220;<u>General Counsel</u>&#8221;) and obtain the approval of the General Counsel prior to taking action.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">Some conflict of interest situations that should always be approved by the General Counsel, if material, include the following:</div>
    <div>
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          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>the receipt of any entertainment or non-nominal gift by the Senior Officer, or a member of his or her family, from any company with which the Fund has current or prospective business dealings (other than the Advisor or the Investment
                Manager), unless such entertainment or gift is business related, reasonable in cost, appropriate as to time and place, and not so frequent as to raise any question of impropriety;</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z42951993b49c4ed48706f71e1a64f874">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>any ownership interest in, or any consulting or employment relationship with, any of the Fund&#8217;s service providers, other than the Advisor or the Investment Manager; or</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z35bd321989c8448eaec71052db2f9cfe">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>a direct or indirect financial interest in commissions, transaction charges or spreads paid by the Fund for effecting portfolio transactions or for selling or redeeming shares other than an interest arising from the Senior Officer&#8217;s
                employment by the Advisor or the Investment Manager, such as compensation or equity ownership.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="margin-bottom: 12pt; font-weight: bold;">Disclosures</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">It is the policy of the Fund to make full, fair, accurate, timely and understandable disclosure in compliance with all applicable laws and regulations in all reports and documents that the Fund files
      with, or submits to, the Securities and Exchange Commission or a national securities exchange and in all other public communications made by the Fund.&#160; As a Senior Officer, you are required to promote compliance with this policy and to abide by the
      Fund&#8217;s standards, policies and procedures designed to promote compliance with this policy.</div>
    <div style="margin-bottom: 12pt;">Each Senior Officer must:</div>
    <div>
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          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>familiarize himself or herself with the disclosure requirements applicable to the Fund as well as the business and financial operations of the Fund; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z197fa7d564d541f7b5218f6d7493105f">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>not knowingly misrepresent, or cause others to misrepresent, facts about the Fund to others, including to the Trustees, the Fund&#8217;s independent auditors, the Fund&#8217;s counsel, counsel to the Independent Trustees, governmental regulators or
                self-regulatory organizations.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="margin-bottom: 12pt; font-weight: bold;">Compliance With Code Of Ethics</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">If you know of or suspect a violation of this Code of Ethics or other laws, regulations, policies or procedures applicable to the Fund, you must report that information on a timely basis to the
      General Counsel or report it anonymously by following the &#8220;whistle blower&#8221; policies adopted by the Audit Committee of the Fund from time to time.&#160; <font style="font-style: italic;">No one will be subject to retaliation because of a good faith report
        of a suspected violation</font>.</div>
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    </div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">The Fund will follow these procedures in investigating and enforcing this Code of Ethics, and in reporting on this Code of Ethics:</div>
    <div>
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              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>the General Counsel will take all appropriate action to investigate any actual or potential violations reported to him or her;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z95fe97984f724c43bc667b900461ca7f">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>violations and potential violations will be reported to the Board after such investigation;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7558548af7414401929dee3885c0a05b">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>if the Board determines that a violation has occurred, it will take all appropriate disciplinary or preventive action; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z3388a22481f24d4580085b3593151a6c">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>appropriate disciplinary or preventive action may include a letter of censure, suspension, dismissal or, in the event of criminal or other serious violations of law, notification of the Securities and Exchange Commission or other
                appropriate law enforcement authorities.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom: 12pt; font-weight: bold;">Waivers Of Code Of Ethics</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">Except as otherwise provided in this Code of Ethics, the General Counsel is responsible for applying this Code of Ethics to specific situations in which questions are presented to the General Counsel
      and has the authority to interpret this Code of Ethics in any particular situation.&#160; The General Counsel shall take all action he or she considers appropriate to investigate any actual or potential violations reported under this Code of Ethics.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">The General Counsel is authorized to consult, as appropriate, with counsel to the Fund, the Advisor or the Independent Trustees, and is encouraged to do so.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">The Board is responsible for granting waivers of this Code of Ethics, as appropriate.&#160; Any changes to or waivers of this Code of Ethics will, to the extent required, be disclosed on Form N-CSR, or
      otherwise, as provided by Securities and Exchange Commission rules.</div>
    <div style="margin-bottom: 12pt; font-weight: bold;">Recordkeeping</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">The Fund will maintain and preserve for a period of not less than six (6) years from the date an action is taken, the first two (2) years in an easily accessible place, a copy of the information or
      materials supplied to the Board:</div>
    <div>
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          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>that provided the basis for any amendment or waiver to this Code of Ethics; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9a51f5bac6f04372b6830c917825b903">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div>&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>relating to any violation of this Code of Ethics and sanctions imposed for such violation, together with a written record of the approval or action taken by the Board.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="margin-bottom: 12pt; font-weight: bold;">Confidentiality</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">All reports and records prepared or maintained pursuant to this Code of Ethics shall be considered confidential and shall be maintained and protected accordingly.&#160; Except as otherwise required by law
      or this Code of Ethics, such matters shall not be disclosed to anyone other than the Independent Trustees and their counsel, the Fund and its counsel, the Advisor and its counsel, the Investment Manager and its counsel, and any other advisors,
      consultants or counsel retained by the Trustees, the Independent Trustees or any committee of the Trustees.</div>
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    </div>
    <div style="margin-bottom: 12pt; font-weight: bold;">Amendments</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">This Code of Ethics may not be amended except in written form, which is specifically approved by a majority vote of the Trustees, including a majority of the Independent Trustees.</div>
    <div style="margin-bottom: 12pt; font-weight: bold;">No Rights Created</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">This Code of Ethics is a statement of certain fundamental principles, policies and procedures that govern each of the Senior Officers in the conduct of the Fund&#8217;s business.&#160; It is not intended to and
      does not create any rights in any employee, investor, supplier, competitor, shareholder or any other person or entity.</div>
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<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
<FILENAME>ex99cert.htm
<DESCRIPTION>CERTIFICATIONS
<TEXT>
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    <title></title>
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    <div style="text-align: right; margin-left: 360pt; margin-bottom: 12pt; font-weight: bold;">EXHIBIT (a) (2)</div>
    <div style="text-align: center; margin-bottom: 12pt; font-weight: bold;">CERTIFICATION OF CHIEF EXECUTIVE OFFICER</div>
    <div style="text-align: center; margin-bottom: 12pt; font-weight: bold;"><u>CERTIFICATIONS</u></div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">I, Tracy V. Maitland, certify that:</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">1. I have reviewed this report on Form N-CSR of Advent Convertible and Income Fund;</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances
      under which such statements were made, not misleading with respect to the period covered by this report;</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations,
      changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">4. The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of
      1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the
      registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding
      the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">c) Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures,
      as of a date within 90 days prior to the filing date of this report based on such evaluation; and</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">d) Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is
      reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting; and</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">5. The registrant&#8217;s other certifying officer and I have disclosed to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent
      functions):</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s
      ability to record, process, summarize, and report financial information; and</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal controls over financial reporting.</div>
    <div>Date: <u>December 31, 2020&#160;&#160;&#160; </u><br>
    </div>
    <div> <br>
    </div>
    <div style="margin-bottom: 12pt;">
      <table cellspacing="0" cellpadding="0" border="0" align="left" id="z41995c3a0108495bb75db5e0b69eb6aa" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;">

          <tr>
            <td style="width: 30%;"><br>
            </td>
            <td style="width: 70%;"><u>/s/ Tracy V. Maitland&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><br>
            </td>
          </tr>
          <tr>
            <td style="width: 30%;">
              <div>&#160;</div>
            </td>
            <td style="width: 70%;">
              <div>Tracy V. Maitland<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt"> <br>
                </font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%;">
              <div>&#160;</div>
            </td>
            <td style="width: 70%;">
              <div>President and Chief Executive Officer</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <br>
  </div>
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  <div><br>
    <div style="text-align: center; margin-bottom: 12pt; font-weight: bold;">CERTIFICATION OF CHIEF FINANCIAL OFFICER</div>
    <div style="text-align: center; margin-bottom: 12pt; font-weight: bold;"><u>CERTIFICATIONS</u></div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">I, Robert White, certify that:</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">1. I have reviewed this report on Form N-CSR of Advent Convertible and Income Fund;</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances
      under which such statements were made, not misleading with respect to the period covered by this report;</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations,
      changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">4. The registrant&#8217;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of
      1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the
      registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding
      the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">c) Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures,
      as of a date within 90 days prior to the filing date of this report based on such evaluation; and</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">d) Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is
      reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting; and</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">5. The registrant&#8217;s other certifying officer and I have disclosed to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent
      functions):</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s
      ability to record, process, summarize, and report financial information; and</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal controls over financial reporting.</div>
    <div style="margin-bottom: 12pt;">&#160;Date: <u>December 31, 2020&#160;&#160;&#160; </u><br>
    </div>
    <div style="margin-bottom: 12pt;">
      <div style="margin-bottom: 12pt;">
        <table cellspacing="0" cellpadding="0" border="0" align="left" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;">

            <tr>
              <td style="width: 30%;"><br>
              </td>
              <td style="width: 70%;"><u>/s/ Robert White &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160;</u><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt"> &#160; &#160; &#160; &#160; &#160;&#160;</font> </td>
            </tr>
            <tr>
              <td style="width: 30%;">
                <div>&#160;</div>
              </td>
              <td style="width: 70%;">
                <div>Robert White<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt"> <br>
                  </font></div>
              </td>
            </tr>
            <tr>
              <td style="width: 30%;">
                <div>&#160;</div>
              </td>
              <td style="width: 70%;">
                <div>Treasurer and Chief Financial Officer</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="margin-bottom: 12pt;"><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 252pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
  </div>
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</TEXT>
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<DOCUMENT>
<TYPE>EX-99.906 CERT
<SEQUENCE>4
<FILENAME>ex99906cert.htm
<DESCRIPTION>CERTIFICATION
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: FGS
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         Copyright 1995 - 2020 Broadridge -->
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: right; margin-bottom: 12pt; font-weight: bold;">EXHIBIT (b)</div>
    <div style="margin-bottom: 12pt;"><br>
    </div>
    <div style="text-align: center; margin-bottom: 6pt; font-weight: bold;">Certification of CEO and CFO Pursuant to</div>
    <div style="text-align: center; margin-bottom: 6pt; font-weight: bold;">18 U.S.C. Section 1350,</div>
    <div style="text-align: center; margin-bottom: 6pt; font-weight: bold;">as Adopted Pursuant to</div>
    <div style="text-align: center; margin-bottom: 6pt; font-weight: bold;">Section 906 of the Sarbanes-Oxley Act of 2002</div>
    <div style="margin-bottom: 12pt;"><br>
    </div>
    <div style="margin-bottom: 12pt;">In connection with the Report on Form N-CSR of Advent Convertible and Income Fund (the &#8220;Company&#8221;) for the annual period ended October 31, 2020 (the &#8220;Report&#8221;), Tracy V. Maitland, as President and Chief Executive Officer
      of the Company, and Robert White, as Treasurer and Chief Financial Officer of the Company, each hereby certifies, pursuant to 18 U.S.C. &#167; 1350, as adopted pursuant to &#167; 906 of the Sarbanes-Oxley Act of 2002, that, to the best of his knowledge:</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z5cd203bdeab54ea5a5a4bad62dc34835" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 54pt; vertical-align: top; align: right;">
              <div style="margin-left: 36pt;">(1)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <div> <br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z0c85fc348bc04c79a03b8885ffc51caa" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 54pt; vertical-align: top; align: right;">
              <div style="margin-left: 36pt;">(2)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div>the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin-bottom: 12pt;"><br>
    </div>
    <div style="margin-bottom: 12pt;">Dated: <u>December 31, 2020&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
      </u></div>
    <div style="margin-bottom: 12pt;"> <br>
    </div>
    <div style="margin-bottom: 12pt;"><u>/s/ Tracy V. Maitland &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160;</u></div>
    <div style="margin-bottom: 12pt;">Name:&#160; Tracy V. Maitland</div>
    <div style="margin-bottom: 12pt;">Title:&#160;&#160;&#160; Chief Executive Officer</div>
    <div style="margin-bottom: 12pt;"> <br>
    </div>
    <div style="margin-bottom: 12pt;"><u>/s/ Robert White &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;</u></div>
    <div style="margin-bottom: 12pt;">Name:&#160;&#160; Robert White</div>
    <div style="margin-bottom: 12pt;">Title:&#160;&#160;&#160;&#160; Chief Financial Officer</div>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(C)
<SEQUENCE>5
<FILENAME>ex99c.htm
<DESCRIPTION>PROXY VOTING
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: FGS
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         Copyright 1995 - 2020 Broadridge -->
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: right; margin-bottom: 12pt; font-weight: bold;">EXHIBIT (c)</div>
    <div style="text-indent: -36pt; margin-left: 36pt; margin-bottom: 12pt; font-weight: bold;">PROXY VOTING</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="ze76e0884bb0641f594bae721d4adde5e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 81pt; vertical-align: top; align: right;">
              <div style="margin-left: 45pt; font-weight: bold;">A.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;">Voting Policy</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">It is the policy of Advent that in every case where Advent is presented with the opportunity to exercise voting authority with
      respect to a Client&#8217;s Securities, Advent will vote all Securities held by the Client in the best interest of the Client unless under the facts and circumstances the Chief Compliance Officer determines that voting is not reasonably practicable (such
      as, but not limited to, where English-language translations of proxy materials are not available).</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">Advent believes the best interest of the Client means the Client&#8217;s best economic interests over the long-term &#8211; that is, the
      interest of the Client in seeing the value of its investment increase over time.&#160; Advent generally invests in a company only if Advent believes that the company&#8217;s management seeks to serve shareholders&#8217; best interests.&#160; As a result, Advent believes
      that management decisions and recommendations with respect to solicited issues generally are likely to be in the shareholders&#8217; and Clients&#8217; best interests.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">In the case of social issue proxy proposals, which often range from divestment from geographical or industrial representation to
      environmental or other matters, it is the policy of Advent that the merit of the social issues should not take precedence over financial ones.&#160; Advent will consider voting for issues that have redeeming social merit that neither compromises the
      company&#8217;s competitive position within an industry, nor adversely impacts the goal of maximizing shareholder value.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="za3ad6ef2108243888bb43b82f784bdc2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 81pt; vertical-align: top; align: right;">
              <div style="margin-left: 45pt; font-weight: bold;">B.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;">Duty to Vote Proxies</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">Advent acknowledges that it is part of its fiduciary duty to its Clients to vote Client proxies, except in cases in which the cost
      of doing so, in the opinion of Advent, would exceed the expected benefits to the Client.&#160; This may be particularly true in the case of non-U.S. Securities.&#160; While the proxy voting process is well established in the United States and other developed
      markets with a number of tools and services available to assist an investment manager, voting proxies of non-US companies located in certain jurisdictions, particularly emerging markets, may involve a number of logistical problems that may have a
      detrimental effect on Advent&#8217;s ability to vote such proxies.&#160; The logistical problems include, but are not limited to:&#160; (1) proxy statements and ballots being written in a language other than English; (2) untimely and/or inadequate notice of
      shareholder meetings; (3) restrictions on the ability of holders outside the issuer&#8217;s jurisdiction of organization to exercise votes; (4) requirements to vote proxies in person; (5) the imposition of restrictions on the sale of the Securities for a
      period of time in proximity to the shareholder meeting; and (6) requirements to provide local agents with power of attorney to facilitate Advent&#8217;s voting instructions.&#160; Accordingly, Advent may conduct a cost-benefit analysis in determining whether to
      attempt to vote its Clients&#8217; shares at a non-US company&#8217;s meeting, whereby if it is determined that the cost associated with the attempt to exercise its vote outweighs the benefit Advent believes its Clients will derive by voting on the company&#8217;s
      proposal, Advent may decide not to attempt to vote at the meeting.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z0f8a5326864942ec8ecce2a3e4c0b563" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 81pt; vertical-align: top; align: right;">
              <div style="margin-left: 45pt; font-weight: bold;">C.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;">Voting Procedure</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin: 12pt 0px; text-indent: 72pt;">Advent does not take investment positions outside of the Clients it manages and therefore does not anticipate a situation where there
      would be a conflict between maximizing long-term investment returns for Clients and interests of Advent.&#160; If such a situation should arise involving a Public Security, the Compliance Committee will independently review and evaluate the proxy proposal
      and the circumstances surrounding the conflict to determine the vote, which will be in the best interest of the Client.&#160; The Compliance Committee may also determine whether the conflict of interest involving the Public Security will be disclosed to
      the Clients (and/or Investors) and whether to obtain consent prior to voting.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">The Investment Team will identify a staff member who is responsible for voting proxies, and in the absence of that person, the
      General Counsel or another individual designated by the Chief Administrative Officer will vote proxies.&#160; In deciding how to vote a proxy, these persons are permitted but not required to consult with appropriate members of the Investment Team.&#160; They
      may also consult with the Chief Financial Officer and such other Persons as they deem advisable.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">Although the proxy voting process is well established in the United States, voting the proxies of foreign companies may involve a
      number of logistical problems that have a detrimental effect on Advent&#8217;s ability to vote such proxies.&#160; The logistical problems include language barriers, untimely or inadequate notice of shareholder meetings, restrictions on a foreigner&#8217;s ability to
      exercise votes, and requirements to vote in person.&#160; Such proxies are voted on a best-efforts basis given the above logistical problems.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z9f6672bdcab345bb88aff11d08b645f6" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 81pt; vertical-align: top; align: right;">
              <div style="margin-left: 45pt; font-weight: bold;">D.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;">Disclosure to Clients</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin: 12pt 0px; text-indent: 72pt;">Advent will disclose the Proxy Voting Procedures to its Clients.&#160; Advent&#8217;s disclosure will consist of a &#8220;concise summary&#8221; of its proxy
      voting policies and procedures.&#160; This disclosure will also tell Clients how to get a complete copy of Advent&#8217;s Proxy Voting Procedures.&#160; The proxy voting disclosure will be provided to existing Clients.&#160; Advent will provide any Client, upon written
      request, with a tabulation of how such Client&#8217;s proxies were voted by Advent.</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z74cae69129c444f586369be4cdf765e3" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 81pt; vertical-align: top; align: right;">
              <div style="margin-left: 45pt; font-weight: bold;">E.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;">Recordkeeping Requirements</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin: 12pt 0px; text-indent: 72pt;">Rule 204-2 under the Advisers Act, as amended, requires that Advent retain the following: (1) its proxy voting policies and procedures;
      (2) proxy statements received regarding client securities; (3) records of votes it cast on behalf of Clients; (4) records of Client requests for proxy voting information; and (5) any documents prepared by Advent that were material to making a
      decision how to vote, or that memorialized the basis for the decision.&#160; Advent will keep all <font style="font-style: italic;">written</font> requests from Clients and any <font style="font-style: italic;">written</font> response from Advent (to either a written or an oral request).&#160; Advent may rely on proxy statements filed on the SEC&#8217;s EDGAR system instead of keeping its own copies, and may
      rely on proxy statements and records of proxy votes cast by Advent that are maintained with a third party such as a proxy voting service, provided that Advent has obtained an undertaking from the third party to provide a copy of the documents
      promptly upon request.</div>
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<TYPE>GRAPHIC
<SEQUENCE>6
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
