Gabelli Convertible and Income Securities Fund

The Gabelli Convertible & Income Securities Fund, Inc. operates as a closed-end, diversified management investment company whose investment objective is to seek a high level of total return on its assets. The company was founded on December 19, 1988 and is headquartered in Rye, NY.

GAMCO Investors Inc

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.

Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 Per Share

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.

GCV: Back To Higher Valuation, Potential Alternatives To Consider (Rating Downgrade)

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.

Gabelli Convertible and Income Securities Fund Appoints Christina A. Peeney to Board of Directors

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 and Income Securities Fund Declares Distribution of $0.12 per Share

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.

GCV: More Interesting At Current Discount

RYE, N.Y., Nov. 16, 2023 (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 22, 2023 to common stock shareholders of record on December 15, 2023. With this fourth quarter distribution, the total distributions from the Fund for 2023 would equate to $0.48 per share.

Gabelli Convertible and Income Securities Fund Declares Fourth Quarter Distribution of $0.12 per Share

RYE, N.Y., Aug. 25, 2023 (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 22, 2023 to common stock shareholders of record on September 15, 2023.

Gabelli Convertible and Income Securities Fund Declares Third Quarter Distribution of $0.12 Per Share

RYE, N.Y., May 18, 2023 (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, 2023 to common stock shareholders of record on June 15, 2023.

Gabelli Convertible and Income Securities Fund Declares Second Quarter Distribution of $0.12 Per Share

Ellsworth Growth and Income Fund

In 2022, we highlighted how ECF was "a clear choice" over GCV. This has been playing out, and it could have more to go.

ECF And GCV: Divergence Playing Out, Revisiting This Idea

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Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed.

Weekly Closed-End Fund Roundup: March 12, 2023

RYE, N.Y.--(BUSINESS WIRE)--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, 2023 to common stock shareholders of record on March 17, 2023.

Gabelli Convertible and Income Securities Fund Declares First Quarter Distribution of $0.12 Per Share

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Pimco California Municipal Income Fund II

Pimco California Municipal Income Fund

Pimco Municipal Income Fund II

Pimco Municipal Income Fund III

3 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. PIMCO muni CEFs cut.

Weekly Closed-End Fund Roundup: PIMCO Muni CEF Distribution Cuts (January 1, 2023)

RYE, N.Y.--( BUSINESS WIRE )--The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the “Fund”) is pleased to announce the closing of a private placement of 5.20% Series G Cumulative Preferred Stock (“Series G Preferred”).

Gabelli Convertible and Income Securities Fund Announces Closing of Private Placement of 5.20% Series G Cumulative Preferred Stock

RYE, N.Y.--( BUSINESS WIRE )--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 16, 2022 to common stock shareholders of record on December 9, 2022. With this fourth quarter distribution, the total distributions from the Fund for 2022 would equate to $0.48 per share.

Gabelli Convertible and Income Securities Fund Declares Fourth Quarter Distribution of $0.12 Per Share

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16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

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0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)

GCV and ECF are both under the Gabelli umbrella and managed by the same people. GCV's distribution is higher, but ECF's distribution is also a fairly attractive 5% minimum managed policy.

GCV And ECF: A Clear Choice

GCV is another interesting convertible fund in the closed-end fund space. We recently covered peers ECF and BCV.

GCV: Expensive And Strong Alternatives Exist

RYE, N.Y.--(BUSINESS WIRE)--The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the “Fund”) announces total distributions for 2021 of $0.56 per share, which includes $0.53 previously paid plus an additional $0.03 per share. The additional cash distribution is payable on January 6, 2022 to common stock shareholders of record on December 30, 2021. The additional distribution is being made to satisfy the minimum distribution requirements of the Internal Re

Gabelli Convertible and Income Securities Fund Announces Total Distributions for 2021 of $0.56 Per Common Share

RYE, N.Y.--(BUSINESS WIRE)--The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the “Fund”) declared a $0.17 per share cash distribution payable on December 17, 2021 to common stock shareholders of record on December 10, 2021. With this fourth quarter distribution, the total distributions from the Fund for 2021 would equate to $0.53 per share. The Fund paid distributions of $0.12 per share in each of the first, second, and third quarters of 2021. The Fu

Gabelli Convertible and Income Securities Fund Reaffirms Its 8% Distribution Policy and Declares Fourth Quarter Distribution of $0.17 Per Share and Announces Additional Year End Distribution

GCV is another fund that is offered under the Gabelli fund sponsor, the others being BCV and ECF. This one is slightly different from BCV and ECF in that it also includes Mario Gabelli himself as a manager.

Gabelli Convertible & Income Securities Fund: An Attractive Higher Yield Convertible Fund

RYE, N.Y.--(BUSINESS WIRE)--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, 2021 to common stock shareholders of record on March 17, 2021. The distribution follows on the strength of the Fund's returns in 2020. 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

Gabelli Convertible and Income Securities Fund NAV Performance Up 30% and Market Return Up 17% in 2020 Declares First Quarter Distribution of $0.12 Per Share

RYE, N.Y.--(BUSINESS WIRE)--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 18, 2020 to common stock shareholders of record on December 11, 2020. With this fourth quarter distribution, the total distributions from the Fund for 2020 would equate to $0.48 per share. The Fund intends to pay a minimum annual distribution of 8% of the average net asset value of the Fund within a

Gabelli Convertible and Income Securities Fund 8% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.12 Per Share

RYE, N.Y.--(BUSINESS WIRE)--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, 2020 to common stock shareholders of record on September 16, 2020.

Gabelli Convertible and Income Securities Fund 8% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.12 Per Share

News for Gabelli Convertible and Income Securities Fund ETF (GCV)