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 on September 23, 2026 to common shareholders of record on September 16, 2026.

Rhea-AI Summary

The Gabelli Convertible and Income Securities Fund (NYSE: GCV) declared a $0.12 per share cash distribution, payable on September 23, 2026 to common shareholders of record on September 16, 2026. The Fund maintains a policy of paying at least 8% of average annual net asset value or enough to meet regulated investment company distribution requirements, though this policy may be changed by the Board at any time.

For fiscal 2026, the Fund currently estimates its distributions will comprise approximately 22% net investment income and 78% net capital gains on a book basis, with final tax classifications determined after year end. Portions of distributions may also be treated as return of capital, affecting shareholder cost basis.

Positive

• $0.12 per share cash distribution payable September 23, 2026
• Distribution policy targets at least 8% of average annual NAV
• 2026 distributions estimated at 22% net investment income, 78% net capital gains
• Regular review of distribution levels by the Board each quarter

Negative

• Distribution policy can be modified or discontinued by the Board at any time
• Distributions may include return of capital, reducing shareholder cost basis
• Distribution rate is not a proxy for dividend yield or total return
• Certain U.S. investors may owe additional 3.8% Medicare tax on investment income

Argus Aug 12 session

+0.64% close to close Open Argus

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News Market Reaction – GCV

On Aug 12, the day this news came out, GCV closed 0.64% above the previous close.

Data tracked by StockTitan Argus for the Aug 12 session.

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RYE, N.Y., Aug. 12, 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 September 23, 2026 to common stock shareholders of record on September 16, 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. Based on the accounting records of the Fund currently available, each of the distributions paid in 2026 to common shareholders with respect to the Fund’s fiscal year ending September 30, 2026 would include approximately 22% from net investment income and 78% from net capital gains on a book basis. This does not represent information for tax reporting purposes. 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 $96 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).

Investor Relations Contact:

Bethany Uhlein
(914) 921-5546
buhlein@gabelli.com

NYSE: GCV

CUSIP – 36240B109

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did Gabelli Convertible and Income Securities Fund (NYSE: GCV) declare on August 12, 2026?

Gabelli Convertible and Income Securities Fund declared a $0.12 per share cash distribution payable September 23, 2026. According to the Fund, shareholders of record on September 16, 2026 will receive the payment, which forms part of its 2026 distribution program.

When is the record date and payment date for the GCV $0.12 distribution in 2026?

The record date is September 16, 2026 and the payment date is September 23, 2026. According to the Fund, common stock shareholders on record as of the record date will be eligible to receive the $0.12 per share cash distribution.

What is Gabelli Convertible and Income Securities Fund’s (GCV) distribution policy?

The Fund intends to pay at least 8% of average annual NAV or enough to meet tax distribution rules. According to the Fund, the Board reviews distributions quarterly and may modify the policy at any time based on net asset value and market conditions.

How will GCV’s 2026 distributions be classified for income and capital gains?

For fiscal 2026, the Fund currently estimates distributions will be about 22% net investment income and 78% net capital gains on a book basis. According to the Fund, final tax classifications for 2026 will be determined after year end and reported on Form 1099-DIV.

Can Gabelli Convertible and Income Securities Fund distributions be a return of capital?

Yes, distributions can include return of capital if earnings are below amounts distributed. According to the Fund, any excess over earnings is generally non-taxable but reduces a shareholder’s cost basis, potentially affecting future capital gains when shares are sold.

What are the tax implications of GCV’s 2026 distributions for shareholders?

Distributions may be taxed as long-term capital gains, qualified dividends, or return of capital, depending on final allocations. According to the Fund, certain U.S. individuals, estates, and trusts may also owe a 3.8% Medicare surcharge on net investment income.