. Advent Claymore Convertible Securities and Income Fund Advent Claymore Convertible Securities and Income Fund (ACC) is a closed-end fund that invests in convertible securities and income-producing investments. The fund seeks to provide investors with a high level of total return, consisting of both income and capital appreciation. ACC is managed by Advent capital management, LLC, a registered investment advisor. Convertible Securities Convertible securities are hybrid investments that combine the features of both debt and equity. They are typically issued by companies as a form of debt, but they can be converted into common stock at a predetermined price. Convertible securities offer investors the potential for higher returns than traditional debt investments, as well as the potential for capital appreciation…