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

Rhea-AI Summary

Gabelli Convertible and Income Securities Fund (NYSE:GCV) declared a $0.12 per share cash distribution payable on December 19, 2025 to shareholders of record on December 12, 2025. The Fund says it intends to pay a minimum annual distribution equal to 8% of average net asset value or an amount to satisfy RIC tax requirements, with average NAV calculated from the last day of the four preceding quarters. Distribution components (income, capital gain, return of capital) will be estimated now and finalized after year end; Form 1099-DIV will report taxable breakdowns in early 2026. The Board may modify the policy and distributions are not guaranteed.

Positive

• Declared cash distribution of $0.12 per share
• Payable on December 19, 2025 to holders of record Dec 12, 2025
• Fund intends to target a minimum 8% annual distribution of average NAV

Negative

• Distributions may be reclassified as return of capital if earnings insufficient
• Distribution policy can be changed by the Board at any time
• Distribution amount is not equivalent to dividend yield or total return
• High‑income U.S. shareholders may face a 3.8% Medicare surtax on net investment income

RYE, N.Y., Nov. 12, 2025 (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 19, 2025 to common stock shareholders of record on December 12, 2025.

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, 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 2025 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 2025 distributions in early 2026 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:

Laurissa Martire
(914) 921-5399

About Gabelli Convertible and Income Securities Fund

The Gabelli Convertible and Income Securities Fund Inc. is a diversified, closed-end management investment company with $95 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:
Laurissa Martire
(914) 921-5399
lmartire@gabelli.com

FAQ

When will GCV pay the declared $0.12 distribution and who is eligible?

GCV will pay $0.12 per share on December 19, 2025 to shareholders of record on December 12, 2025.

What does GCV's stated 8% minimum annual distribution mean for investors?

The Fund intends to pay at least 8% of average net asset value annually or an amount required to meet RIC tax rules, using the four‑quarter average NAV calculation.

Could part of GCV's distribution be a return of capital for 2025?

Yes. If the Fund’s earnings are less than distributions, part may be treated as a return of capital, reducing cost basis rather than being taxable income.

How will shareholders learn the tax composition of GCV's 2025 distributions?

Estimated components are provided with the distribution; final 2025 components will be reported on Form 1099‑DIV in early 2026.

Does the $0.12 distribution guarantee future payments from GCV (NYSE:GCV)?

No. The Board may modify the distribution policy at any time and there is no guarantee future distributions will continue.

Where can investors find more information about GCV's distribution policy and contacts?

Investors can review the Fund’s distribution policy online and call Laurissa Martire at (914) 921-5399 for more details.