Filing Details

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934 (Amendment No. 3)

Advent Claymore Convertible Securities and Income Fund
(Name of Issuer)

Common Stock, par value $0.001 per share
(Title of Class of Securities)

00764C109
(CUSIP Number)

Saba Capital Management, L. P.
405 Lexington Ave
58^th Floor
New York, NY, 10174
Attention: Mike DAngelo
212-542-4635
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

August 1, 2016
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d -1(e), 240.13d -1(f) or 240.13d -1(g), check the following box [ X ].

*The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D/A

     ^*The percentages used in this Schedule 13D/A are calculated based upon 23,580,877 Shares outstanding as of April 30, 2016 as reported in the Issuer's Annual Report to Shareholders on Form N-CSRS filed on July 7, 2016.

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SCHEDULE 13D/A

* The percentages used in this Schedule 13D/A are calculated based upon 23,580,877 Shares outstanding as of April 30, 2016 as reported in the Issuer's Annual Report to Shareholders on Form N-CSRS filed on July 7, 2016.

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     This Amendment No. 3 ("Amendment No. 3") amends and supplements the statement on Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on April 26, 2016 (the "Original Schedule 13D"). As amended by Amendment No. 1 ("Amendment No. 1") filed with the SEC on May 17^th, 2016. As amended by Amendment No. 2 (Amendment No. 2). And together with the Original Schedule 13D, Amendment No. 1, Amendment No. 2, and this Amendment No. 3 with respect to the shares of common stock, $0.001 per share (the "Shares"), of Advent Claymore Convertible Securities and Income Fund (the "Issuer"). This Amendment No. 3 amends Items 3 and 5 as set forth below.

Item 3 of the Schedule 13D is hereby amended and restated as follows:

Funds for the purchase of the Shares were derived from the subscription proceeds from investors in SCMF, SCMF II, SCLMF, SCS, SCEF 1 and SCEF 2 and the capital appreciation thereon and margin account borrowings made in the ordinary course of business. In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist from time to time. Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Shares reported herein. A total of $32,064,903 was paid to acquire the Shares reported herein

Item 5 of the Schedule 13D is hereby amended and restated as follows:

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SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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     This Schedule sets forth information with respect to each purchase and sale of Shares which were effectuated by a Reporting Person since the Schedule 13D/A Amendment 2 filing on 6/6/2016. All transactions were effectuated in the open market through a broker.

SABA CAPITAL MANAGEMENT, L.P ("Saba Capital")

*Excluding Commissions