Gabelli Convertible and Income Securities Fund

GCV

Market cap $85.5M

RYE, N.Y., Aug. 21, 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 September 23, 2025 to common stock shareholders of record on September 16, 2025.

RYE, N.Y., May 14, 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 June 23, 2025 to common stock shareholders of record on June 13, 2025.

RYE, N.Y., Feb. 13, 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 March 24, 2025 to common stock shareholders of record on March 17, 2025.

RYE, N.Y., Nov. 14, 2024 (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 20, 2024 to common stock shareholders of record on December 13, 2024. With this fourth quarter distribution, the total distributions from the Fund for 2024 would equate to $0.48 per share.

RYE, N..Y, Aug. 23, 2024 (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, 2024 to common stock shareholders of record on September 16, 2024.

GCV has outperformed the S&P 500 Index since our prior update, but that was helped significantly by the discount disappearing. GCV offers a high distribution yield of 12.85%, which tends to entice investors to push it up to these sorts of premiums we are seeing. Some alternatives could include swapping to its similar sister funds for investors who don't mind being a bit more tactical.

RYE, N.Y., May 16, 2024 (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 June 21, 2024 to common stock shareholders of record on June 13, 2024.

RYE, N.Y., March 27, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE: GCV) (the “Fund”) announced the appointment of Christina A. Peeney to the Board of the Fund effective February 13, 2024.

RYE, N.Y., Feb. 14, 2024 (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 March 21, 2024 to common stock shareholders of record on March 14, 2024.

Gabelli Convertible & Income Securities Fund has fallen to a discount, making it a much more compelling choice compared to where it was. GCV's portfolio is diversified and seems to have become even more varied in terms of sector exposure. The fund's distribution rate is high but lacks coverage and seems precarious, posing a risk, but it's also what could be the driving factor to see a narrowing discount.