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The Gabelli Convertible and Income Securities Fund, Inc. (NYSE: GCV) is a diversified closed-end management investment company with a primary goal of achieving a high level of total return. This objective is pursued through a strategic mix of current income and capital appreciation by investing in convertible securities. These securities offer the potential for equity-like returns while providing downside protection through their bond-like structures.
Founded by Mario J. Gabelli and operating under the umbrella of GAMCO Investors, Inc., The Gabelli Convertible and Income Securities Fund leverages the renowned Private Market Value (PMV) with a Catalyst™ approach. This strategy focuses on identifying undervalued companies with impending catalysts to unlock value. As of December 31, 2016, GAMCO Investors managed approximately $39.7 billion in assets, primarily through its two main registered investment advisers: GAMCO Asset Management Inc. and Gabelli Funds, LLC.
The Gabelli Convertible and Income Securities Fund's diversified portfolio spans various sectors such as Health Care, Financial Services, Energy and Utilities, Telecommunications, Food and Beverage, Aerospace, and Automotive. This broad sector exposure allows the fund to mitigate risks and capitalize on opportunities across different segments of the economy.
Operating exclusively within the United States, the fund is committed to delivering consistent results to its investors. The company continually seeks out high-potential convertible securities to add to its portfolio, guided by comprehensive research and a disciplined investment approach.
For more information or investor relations inquiries, please contact Laurissa Martire at (914) 921-5399 or via email at lmartire@gabelli.com.
The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) announced a cash distribution of
The Gabelli Convertible and Income Securities Fund (NYSE:GCV) announced a cash distribution of
The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) has declared a cash distribution of
The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) has declared a cash distribution of
The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) announced total distributions for 2021 of $0.56 per share, comprising $0.53 previously paid and an additional $0.03 per share. This distribution is payable on January 6, 2022, to shareholders of record as of December 30, 2021. The additional payment helps meet minimum distribution requirements under the Internal Revenue Code, avoiding Federal excise tax. Of the total distribution, approximately 2% comes from net investment income and 98% from net capital gains.
The Gabelli Convertible and Income Securities Fund (NYSE:GCV) announced a cash distribution of
The Gabelli Convertible and Income Securities Fund (NYSE:GCV) declared a cash distribution of $0.12 per share, payable on September 23, 2021, to shareholders on record as of September 16, 2021. The Fund aims for a minimum annual distribution of 8% of its average net asset value. While the Board of Directors regularly reviews potential distributions, there is no guarantee that the policy will continue. Approximately 3% of the distributions will come from net investment income, with the remainder from net capital gains. Tax implications for shareholders are outlined for 2021 distributions.
The Gabelli Convertible and Income Securities Fund (NYSE:GCV) declared a cash distribution of $0.12 per share, payable on June 23, 2021, to shareholders recorded on June 16, 2021. The Fund aims for a minimum annual distribution of 8% of its average net asset value, with quarterly reviews by the Board of Directors. If the Fund's earnings do not cover distributions, excess amounts will be seen as a return of capital, generally non-taxable. In 2021, distributions will include approximately 6% from net investment income, 81% from net capital gains, and 13% deemed as return of capital.
The Gabelli Convertible and Income Securities Fund (NYSE:GCV) announced a cash distribution of $0.12 per share, payable on March 24, 2021, to shareholders of record by March 17, 2021. This distribution follows favorable returns in 2020 and aligns with the Fund's commitment to a minimum annual distribution of 8% of its average net asset value. The Fund's distribution policy may change based on market conditions and net asset value. Notably, approximately 80% of this distribution will come from net capital gains, with 20% treated as a return of capital.
The Gabelli Convertible and Income Securities Fund (NYSE:GCV) announced a $0.12 cash distribution per share, payable on December 18, 2020, to shareholders of record by December 11, 2020. This fourth-quarter distribution brings the total for 2020 to $0.48 per share. The Fund aims to maintain a minimum annual distribution of 8% of its average net asset value. The Board of Directors may adjust this policy based on the Fund's performance and market conditions. Shareholders will be notified regarding the tax treatment of the distributions in early 2021.
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