Advent Capital Balanced Strategy Update

ADVENT CAPITAL MANAGEMENT Synergistic Strategies Alternative Strategies ▪ Global Partners (Multi-Strategy) ▪ Vega (Volatility) ▪ Global Event Driven Traditional Strategies ▪ Balanced Convertible ▪ Global Balanced Convertible ▪ Phoenix Convertible Income ▪ Global Phoenix Convertible Income ▪ High Yield ADVENT CAPITAL MANAGEMENT, LLC Closed-End Fund ▪ Advent acts as an investment adviser to the Advent Convertible and Income Fund. The fund invests across the entire capital structure: convertibles, high yield, bank loans, equities, warrants, and options. Unique 360° view of the capital markets with significant experience investing globally and across the capital structure 5

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