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

The Gabelli Convertible and Income Securities Fund (NYSE: GCV) declared a $0.12 per share cash distribution payable December 18, 2026.

Rhea-AI Summary

The Gabelli Convertible and Income Securities Fund (NYSE: GCV) declared a $0.12 per share cash distribution payable December 18, 2026. Common shareholders of record on December 11, 2026 will receive the payment.

The Fund intends to distribute annually at least 8% of average net asset value or an amount sufficient to meet minimum tax-code distribution requirements. That average uses quarter-end net asset values for the four preceding calendar quarters. The distribution rate is not dividend yield or total return. Final sources of 2026 distributions will be determined after year-end and may differ from quarterly estimates.

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RYE. N.Y., Nov. 11, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE: GCV) (the “Fund”) declared a $0.12 per share cash distribution payable on December 18, 2026 to common stock shareholders of record on December 11, 2026.

The Fund intends to pay a minimum annual distribution of 8% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding calendar quarters during the year. The net asset value per share fluctuates daily.

Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Directors will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. The Fund’s distribution policy is subject to modification by the Board of Directors at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their "net investment income", which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2026 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2026 distributions in early 2027 via Form 1099-DIV.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

Bethany Uhlein
(914) 921-5546

About Gabelli Convertible and Income Securities Fund

The Gabelli Convertible and Income Securities Fund Inc. is a diversified, closed-end management investment company with $84 million in total net assets whose primary investment objective is to seek a high level of total return on its assets through a combination of current income and capital appreciation. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

NYSE: GCV
CUSIP – 36240B109

Investor Relations Contact:
Bethany Uhlein
(914) 921-5546
buhlein@gabelli.com

FAQ

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When will GCV pay its $0.12 per share distribution?

GCV will pay the $0.12 per share cash distribution on December 18, 2026 to common shareholders of record on December 11, 2026.

Could GCV’s 2026 distributions include a return of capital?

Distributions exceeding the Fund’s earnings for the year would be treated as return of capital. This generally is not taxable when received and reduces a shareholder’s cost basis. Individual shareholders with taxable accounts will receive Form 1099-DIV in early 2027 showing the components and tax treatment of all 2026 distributions.