GlobeNewswire·Nov 11, 2026, 11:36 AM ET

Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 per Share

The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE: GCV) declared a $0.12 per share cash distribution.
The distribution is payable on December 18, 2026, to shareholders of record on December 11, 2026.
The Fund intends to pay a minimum annual distribution of 8% of the average net asset value or an amount sufficient to meet Internal Revenue Code requirements.
Distribution amounts are reviewed quarterly by the Board based on income, realized capital gains, or available capital.
The distribution policy is subject to modification at any time with no guarantee of continuation.
Distributions may be taxed as long-term capital gains or qualified dividend income at a maximum federal rate of 20% for individuals, potentially subject to a 3.8% Medicare surcharge for high-income earners.
Amounts exceeding the Fund's earnings are treated as a non-taxable return of capital that reduces the shareholder's cost basis.
Final tax component determinations for 2026 will be made after year-end, with Form 1099-DIV notifications sent to shareholders in early 2027.
The Fund is a closed-end management investment company with $84 million in total net assets managed by Gabelli Funds, LLC.