Filing Details

1.

NAME OF REPORTING PERSON
 

RIVERNORTH CAPITAL MANAGEMENT, LLC

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)

☐

(b)

☐

3.

SEC USE ONLY

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

DELAWARE

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH:

5.

SOLE VOTING POWER

1,835,716

6.

SHARED VOTING POWER

0

7.

SOLE DISPOSITIVE POWER

1,835,716

8.

SHARED DISPOSITIVE POWER

0

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,835,716

10.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

☐

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.70%

12.

TYPE OF REPORTING PERSON

IA

Item 1(a).

Name of Issuer:

 

Advent Claymore Convertible Securities and Income Fund

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

 

227 West Monroe Street
Chicago, IL 60606

 

Item 2(a).

Name of Person Filing:

 

RiverNorth Capital Management, LLC

 

Item 2(b).

Address of Principal Business Office or, if none, Residence:

 

325 N. LaSalle Street
Suite 645
Chicago, IL 60654-7030

 

Item 2(c).

Citizenship:

 

Delaware Limited Liability Company

 

Item 2(d).

Title of Class of Securities:

 

Common

 

Item 2(e).

CUSIP Number:

 

007639107

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)

☐

Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);

 

(b)

☐

Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);

 

(c)

☐

Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);

 

(d)

☐

Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

 

(e)

☒

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)

☐

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

☐

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

(h)

☐

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

☐

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

☐

A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);

(k)

☐

Group, in accordance with §240.13d-1(b)(1)(ii)(K).

 

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: 
____________________________________________________________________________________________

 

Item 4.

Ownership.

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)

Amount beneficially owned:  1,835,716

 

(b)

Percent of class:  5.70%

 

(c)

Number of shares as to which such person has:

 

 

 

 

 

Item 5.

Ownership of Five Percent or Less of a Class.

 

Not applicable.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

 

Other persons have the right to receive the proceeds from the sale of the securities reported herein.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group.

 

Not applicable.

 

Item 9.

Notice of Dissolution of Group.

 

Not applicable.

 

Item 10.

Certification.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

February 14, 2017

Date

 

/s/Marcus Collins

Signature

 

Marcus Collins, Chief Compliance Officer

Name and Title