<SEC-DOCUMENT>0001821268-24-000260.txt : 20241010
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<ACCEPTANCE-DATETIME>20240830170722
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ACCESSION NUMBER:		0001821268-24-000260
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240830

FILER:

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

	FILING VALUES:
		FORM TYPE:		CORRESP

	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
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 30pt; text-align: center">[Letterhead of Skadden, Arps, Slate, Meagher
&amp; Flom LLP]</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0.25in 3in; text-indent: 0.5in">August 30, 2024</P>

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    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Raymond Be</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Shandy Pumphrey</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Securities and Exchange Commission</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">100 F Street, NE</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Washington, DC 20549</P></TD></TR>
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<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">RE:</TD><TD>Advent Convertible and Income Fund<BR>
Registration Statement on Form N-2<BR>
<U>(File Nos. 333-280964 and 811-21309)&#9;</U></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 11pt 0">Dear Mr. Be and Ms. Pumphrey:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify; text-indent: 27pt">We are in receipt of the telephonic
comments of the staff of the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) regarding the Registration Statement on Form N-2
(the &ldquo;Registration Statement&rdquo;) of Advent Convertible and Income Fund (the &ldquo;Fund&rdquo;) that was filed with the SEC
on July 23, 2024. The Fund has considered your comments and authorized us to make on its behalf the responses discussed below. For ease
of reference, your comments are set forth below in bold font and are followed by the corresponding response. Changes will be reflected
in Pre-Effective Amendment No. 1 (the &ldquo;Amendment&rdquo;) to the Registration Statement, which the Fund intends to file on or about
the date hereof and will be marked to show all changes made since the filing of the Registration Statement. Capitalized terms not otherwise
defined in this response letter have the meaning given to them in the Registration Statement.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt"><B><U>Disclosure Comments</U></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify; text-indent: -1in"><B>Comment 1&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<I>Prospectus
Cover Page -- Investment Strategy</I>. It states that &ldquo;Managed Assets&rdquo; means &ldquo;the total assets of the Fund, including
assets attributable to the Fund&rsquo;s use of leverage, minus the sum of its accrued liabilities (other than liabilities incurred for
the purpose of creating leverage).&rdquo; Please confirm supplementally that Managed Assets encompasses net assets plus borrowings for
investment purposes as used in Rule 35d-1 under the Investment Company Act of 1940 (the &ldquo;1940 Act&rdquo;)</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in">The Fund hereby confirms that Managed Assets, as defined in
the Prospectus, encompasses net assets plus borrowings for investment purposes as used in Rule 35d-1 under the 1940 Act.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-indent: -1in"><B>Comment 2&#9;<I>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Prospectus Cover Page
-- Common Shares</I>. We note that you disclose net asset value as of July 8, 2024. Please supplementally confirm your intention to disclose
net asset value as of the most recent practicable date in connection with any shelf takedown.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify">The Fund supplementally confirms that the
Amendment discloses net asset value as of the most recent practicable date and the prospectus supplement for any shelf takedown will disclose
net asset value as of the most recent practicable date.</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Securities and Exchange Commission</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">August 30, 2024</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Page 2</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify; text-indent: -1in"><B>Comment 3&#9;&#8239;&#8239;&#8239;&#8239;&#8239;<I>Prospectus
Cover Page &ndash; Use of Leverage. </I>Please supplementally explain how the Fund&rsquo;s mix of leverage relates to the requirements
of Section 18 of the 1940 Act and Rule 18f-4 under the 1940 Act.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify">With respect to the Fund&rsquo;s borrowings,
the Fund maintains asset coverage in accordance with Section 18(a)(1)(A) of the 1940 Act.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify">With respect to the Fund&rsquo;s reverse
repurchase agreements, the Fund relies upon Rule 18f-4 under the 1940 Act. Pursuant to Rule 18f-4(d), a fund entering into reverse repurchase
agreements may elect to either (i) treat such reverse repurchase agreements as indebtedness for purposes of the asset coverage requirements
of Section 18 of the 1940 Act, or (ii) treat reverse repurchase agreements as derivative transactions for purposes of Rule 18f-4. The
Fund has elected to treat reverse repurchase agreements as derivatives for purposes of Rule 18f-4. The Fund notes that it has disclosed
this election in the body of the Prospectus under &ldquo;Use of Leverage&mdash;Reverse Repurchase Agreements.&rdquo;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify; text-indent: -1in"><B>Comment 4&#8239;&#8239;&#8239;&#8239;&#8239;&#9;<I>Prospectus
Summary &ndash; Distributions</I>. Please further disclose consequences of return of capital, in particular clarify that a return of capital
will increase taxes or reduce loss deduction on a disposition.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-align: justify; text-indent: 0.5in">The Fund has added
the requested disclosure.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify; text-indent: -1in"><B>Comment 5&#9;&#8239;&#8239;&#8239;&#8239;&#8239;Please
fill in blanks throughout the Registration Statement.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify">The Fund has filled in any open item throughout
the Registration Statement.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify; text-indent: -1in"><B>Comment 6&#8239;&#8239;&#8239;&#8239;&#8239;&#9;<I>Certain
Provisions of Delaware Law, the Declaration of Trust and By-Laws &ndash; Additional Provisions of the Declaration of Trust and By-Laws.</I>
Certain disclosure in this section does not appear to match the Declaration of Trust. Please confirm that the Declaration of Trust referenced
in the Exhibit Index is correct, and if so, revise disclosure in this section to match the Declaration of Trust.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify">The Fund confirms that the Declaration
of Trust of the Fund is as filed as and exhibit to the Registration Statement. The Fund will revise the disclosure under the heading &ldquo;Certain
Provisions of Delaware Law, the Declaration of Trust and By-Laws &ndash; Additional Provisions of the Declaration of Trust and By-Laws&rdquo;
to conform to the Declaration of Trust.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify; text-indent: -1in"><B>Comment 7&#8239;&#8239;&#8239;&#8239;&#8239;&#9;<I>Certain
Provisions of Delaware Law, the Declaration of Trust and By-Laws &ndash; Additional Provisions of the Declaration of Trust and By-Laws.
</I>Please revise the exclusive forum provisions of the Fund&rsquo;s By-Laws to exclude claims arising under the Federal securities laws.
Please also disclose in the Prospectus corresponding risks of such provision as to non-federal securities law claims (e.g. that shareholders
may have to bring suit in an inconvenient and less favorable forum) and that the provision does not apply to claims arising under the
federal securities laws.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify">The Fund has amended the By-Laws and revised
the relevant disclosure as requested.</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Securities and Exchange Commission</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">August 30, 2024</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Page 3</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify; text-indent: -1in"><B>Comment 8&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#9;<I>Item
25 &ndash; Exhibit Index</I>. Confirm that hyperlinks in EDGR filing are correct for Exhibit (a), and add a hyperlink for Exhibit (a)(i).</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify">The Fund has added the missing hyperlink.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-align: justify"><B><I>Accounting Comments</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify; text-indent: -1in"><B>Comment 9&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#9;Please
consider including in the transmittal letter the reason for the filing. </B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify">The Fund will include the reason for the
filing in future transmittal letters.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify; text-indent: -1in"><B>Comment 10&#8239;&#8239;&#8239;&#9;Please
include hyperlinks for any documents incorporated by reference, in any section of the Registration Statement.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-align: justify">The Fund has included hyperlinks where
applicable throughout the Registration Statement.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-align: center">* * *</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-align: justify; text-indent: 31.5pt">Should you have any additional
comments or concerns, please do not hesitate to contact me at (312) 407-0641.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">Sincerely,</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">/s/ Kevin T. Hardy</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">Kevin T. Hardy</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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