The Gabelli Convertible and Income Securities Fund Inc. to Redeem Its Outstanding 6.00% Series B Cumulative Preferred Stock

RYE, N.Y.--(BUSINESS WIRE)--The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the “Fund”) authorized the redemption of all remaining outstanding shares of Series B Cumulative Preferred Stock (the “Series B Preferred”). The redemption date is November 18, 2019 (the “Redemption Date”), and the redemption price is $25.2167 per Series B Preferred, which is equal to the liquidation preference of $25.00 per Series B Preferred plus accumulated and unpaid dividends and distributions through the redemption date.