Gabelli Convertible and Income Securities Fund Announces $0.12‑Per‑Share Distribution

On 11 February 2026, the Board of Directors of the Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) declared a cash distribution of $0.12 per share. The payment is scheduled for 24 March 2026, with the record date set for 17 March 2026. The declaration confirms the Fund’s continued commitment to delivering consistent income to its shareholders, a hallmark of its investment strategy.

Distribution Framework and Tax Implications

The Fund’s distribution policy is anchored in an 8 % minimum annual distribution of the average net asset value (NAV) within each calendar year, or the amount required to satisfy the Internal Revenue Code’s minimum distribution rules for regulated investment companies. The NAV is computed from the average of the last day of each of the four preceding quarters.

For the current fiscal year ending 30 September 2026, the Board estimates that the 2026 distribution will comprise roughly:

  • 4 % from net investment income (dividends and interest),
  • 20 % from net capital gains,
  • 76 % as a return of capital on a book basis.

These components, while illustrative, may adjust post‑year‑end accounting. Shareholders should consult the Fund’s final tax reporting documents for precise allocations. In taxable accounts, dividends and capital gains may be subject to a maximum federal long‑term capital gains rate of 20 %, plus a possible 3.8 % Medicare surtax for high‑income individuals. Return‑of‑capital portions are non‑taxable and reduce the shareholder’s cost basis.

Strategic Context

The Gabelli Convertible and Income Securities Fund is a closed‑ended balanced vehicle domiciled in Rye, United States, and traded on the OTC Bulletin Board. Managed by Gabelli Funds, LLC, the Fund focuses on public equity and fixed‑income securities, seeking to generate stable income while preserving capital. The recent distribution aligns with the Fund’s long‑standing objective of providing an attractive yield to investors without compromising its risk‑adjusted return profile.

Forward‑Looking Perspective

Given the current market environment and the Fund’s disciplined review process, the Board remains prepared to adjust distribution levels as warranted by NAV performance and broader financial conditions. While no guarantee exists regarding future distribution amounts, the Fund’s historical adherence to an 8 % minimum payout signals a robust framework for sustaining investor returns.

Investors are encouraged to review the full distribution notice on the Fund’s website (www.gabelli.com ) and to monitor ongoing quarterly statements for any adjustments to the distribution policy or NAV trajectory.