Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 Per Share
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.
Gabelli Convertible and Income Securities Fund (NYSE:GCV) ha annunciato una distribuzione in contanti di $0.12 per azione, pagabile il 19 dicembre 2025 agli azionisti registrati al 12 dicembre 2025. Il Fondo dichiara di avere l'intenzione di pagare una distribuzione annua minima pari all'8% del valore patrimoniale netto medio o un importo sufficiente a soddisfare i requisiti fiscali RIC, con l'NAV medio calcolato dall'ultimo giorno dei quattro trimestri precedenti. Le componenti della distribuzione (reddito, plusvalenza, rimborso del capitale) saranno stimate ora e finalizzate dopo la chiusura dell'anno; il Modulo 1099-DIV riporterà le suddivisioni imponibili all'inizio del 2026. Il Consiglio può modificare la politica e le distribuzioni non sono garantite.
Gabelli Convertible and Income Securities Fund (NYSE:GCV) anunció una distribución en efectivo de $0.12 por acción, pagadera el 19 de diciembre de 2025 a los accionistas registrados al 12 de diciembre de 2025. El Fondo indica que tiene la intención de pagar una distribución anual mínima equivalente al 8% del valor neto promedio de los activos o una cantidad para cumplir con los requisitos fiscales de RIC, siendo el NAV promedio calculado a partir del último día de los cuatro trimestres anteriores. Las componentes de la distribución (ingreso, ganancia de capital, retorno de capital) se estimarán ahora y se finalizarán después del cierre del año; el Formulario 1099-DIV reportará las desglosas imponibles a principios de 2026. La Junta puede modificar la política y las distribuciones no están garantizadas.
Gabelli Convertible and Income Securities Fund (NYSE:GCV)는 주당 0.12달러의 현금 분배를 2025년 12월 19일에 지급하고, 기준 주주명부는 2025년 12월 12일입니다. 펀드는 평균 순자산가치(NAV)의 8%에 해당하는 최소 연간 분배를 지급하거나 RIC 세금 요건을 충족하는 금액을 지급할 의도를 밝히며, 평균 NAV는 직전 4분기의 마지막 날의 평균으로 계산됩니다. 배당 구성요소(소득, 자본이득, 자본의 반환)는 지금 추정되며 연말 이후 확정됩니다; 2026년 초에 과세 소득 세부는 양도소득세 양식 1099-DIV로 보고됩니다. 이사회는 정책을 수정할 수 있으며 배당은 보장되지 않습니다.
Gabelli Convertible and Income Securities Fund (NYSE:GCV) a déclaré une distribution en espèces de 0,12 $ par action, payable le 19 décembre 2025 aux actionnaires enregistrés au 12 décembre 2025. Le Fonds indique son intention de verser une distribution annuelle minimale équivalente à 8% de la valeur nette d'inventaire moyenne ou un montant pour répondre aux exigences fiscales du RIC, la NAV moyenne étant calculée à partir du dernier jour des quatre trimestres précédents. Les composantes de la distribution (revenu, gain en capital, retour de capital) seront estimées maintenant et finalisées après la clôture de l'année; le formulaire 1099-DIV rapportera les détails imposables au début de 2026. Le Conseil peut modifier la politique et les distributions ne sont pas garanties.
Gabelli Convertible and Income Securities Fund (NYSE:GCV) hat eine Barauszahlung in Höhe von 0,12 USD pro Aktie angekündigt, die am 19. Dezember 2025 an die Anteilseigner gezahlt wird, die am 12. Dezember 2025 registriert sind. Der Fonds gibt an, beabsichtigt zu sein, eine mindestens jährliche Ausschüttung in Höhe von 8% des durchschnittlichen Nettovermögenswerts (NAV) zu zahlen oder einen Betrag, der die Anforderungen der RIC-Steuer erfüllt; der durchschnittliche NAV wird aus dem letzten Tag der vier vorangehenden Quartale berechnet. Die Komponenten der Ausschüttung (Einkommen, Kapitalgewinn, Kapitalrückzahlung) werden jetzt geschätzt und nach Jahresende festgelegt; das Formular 1099-DIV wird die steuerpflichtigen Aufschlüsselungen Anfang 2026 berichten. Vorstand kann die Politik ändern, und Ausschüttungen sind nicht garantiert.
Gabelli Convertible and Income Securities Fund (NYSE:GCV) أعلن توزيعاً نقدياً قدره $0.12 للسهم قابلاً للدفع في 19 ديسمبر 2025 لملاك الأسهم المسجلين في 12 ديسمبر 2025. يقول الصندوق إنه يعتزم دفع توزيعات سنوية دنيا تعادل 8% من صافي قيمة الأصول المتوسطة أو مبلغاً يلبي متطلبات ضريبة RIC، وسيُحسب المتوسط_nav من آخر يوم من الأرباع الأربعة السابقة. ستُقدر مكونات التوزيع (الدخل، الربح الرأسمالي، إرجاع رأس المال) الآن وسيتم الانتهاء منها بعد نهاية السنة؛ سيقدّم نموذج 1099-DIV التفاصيل الخاضعة للضريبة في أوائل 2026. قد يغير المجلس السياسة والتوزيعات ليست مضمونة.
- 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
- 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
Insights
GCV declared a routine cash distribution of
The Board declared a cash distribution of
The mechanics matter: distributions may come from income, realized capital gains, or return of capital when earnings fall short; final tax components for 2025 will be reported on Form 1099-DIV in early 2026. The Board will monitor NAV and market conditions when setting future distributions, and the notice accompanying the payment will show estimated distribution components.
Key dependencies and short-term items to watch include the Fund’s reported components notice accompanying the distribution and the Form 1099-DIV in early 2026; also watch any Board statements changing the
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
The Fund intends to pay a minimum annual distribution of
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
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
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?
What does GCV's stated 8% minimum annual distribution mean for investors?
Could part of GCV's distribution be a return of capital for 2025?
How will shareholders learn the tax composition of GCV's 2025 distributions?
Does the $0.12 distribution guarantee future payments from GCV (NYSE:GCV)?
Where can investors find more information about GCV's distribution policy and contacts?
