RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the &#34;Fund&#34;) declared a $0.12 per share cash distribution payable on

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

Gabelli Convertible Fund GCV Announces $0.12 Distribution for September 2026

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the &amp;#34;Fund&amp;#34;) declared a $0.12 per share cash distribution payable on</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>The Gabelli Convertible and Income Securities Fund, Inc. (GCV) will pay a $0.12 cash distribution on Sept. 23, 2026, to holders of record on Sept. 16. The fund targets an 8% minimum annual distribution of average NAV, with 2026 distributions projected as 22% net investment income and 78% net capital gains. Tax reporting will occur in early 2027 via Form 1099-DIV, and the distribution policy remains subject to board modification.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>GCV declares a $0.12 per-share cash distribution.</li><li>Payable Sept 23, 2026; record date Sept 16, 2026.</li><li>Minimum annual distribution target is 8% of average NAV.</li><li>2026 distributions estimated 22% net investment income and 78% net capital gains.</li><li>Fund assets ~$96 million; managed by Gabelli Funds, LLC (GAMCO subsidiary).</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Gabelli Convertible and Income Securities Fund Inc. (GCV)</strong>: Board-approved distribution policy; cash payout of $0.12; NAV considerations.</li><li><strong>GAMCO Investors, Inc. (GAMI)</strong>: Parent company; fund is managed by Gabelli Funds, LLC, a GAMCO subsidiary.</li><li><strong>Gabelli Funds, LLC (N/A)</strong>: Fund manager; affiliate of GAMCO; central to distribution policy and NAV dynamics.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article details a governance-driven payout policy for a closed-end fund, affecting income expectations, tax components, and NAV dynamics—key valuation inputs for GCV holders.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Distributed payout timing around Sept 16–23 may cause small price drift.</li><li>Distribution mix and NAV sensitivity could influence yield-focused buying.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Cash distribution: $0.12 per share.</li><li>Payable date: Sept 23, 2026.</li><li>Record date: Sept 16, 2026.</li><li>Minimum annual distribution: 8% of average NAV.</li><li>Average NAV basis: last day of four preceding quarters.</li><li>Total net assets: about $96 million.</li><li>Distribution mix (2026): ~22% net investment income, ~78% net capital gains.</li><li>Tax reporting: Form 1099-DIV in early 2027.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term neutral; minor price moves around ex-dividend and NAV adjustments over 1–4 weeks.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GCV">GCV</a>) (the &#34;Fund&#34;) declared a $0.12 per share cash distribution payable on September 23, 2026 to common stock shareholders of record on September 16, 2026.</p>  <p align="justify">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.</p>  <p align="justify">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.</p>  <p align="justify">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 &#34;net investment income&#34;, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.</p>  <p align="justify">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.</p>  <p align="justify">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.</p>  <p align="justify"><em>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:</em></p>  <p align="justify"><em>Bethany Uhlein</em><br></br><em>(914) 921-5546</em></p>  <p align="justify"><strong>About Gabelli Convertible and Income Securities Fund </strong></p>  <p align="justify">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:<a class="ticker" href="https://www.benzinga.com/quote/GAMI">GAMI</a>).</p>  <p align="justify"><strong>Investor Relations Contact:</strong></p>  <p align="justify">Bethany Uhlein<br></br>(914) 921-5546<br></br><a href="https://www.globenewswire.com/Tracker?data=I6aJM7iY4k8mqi7JZlcKSPc-XA62R481GNy2YNhU1N6umw9j4KfbrBJshn63DDtbvWKVERW6cUGjs6YwIUqW8lyHBcFb8luVDyb-LBxnhlY=" rel="nofollow" target="_blank">buhlein@gabelli.com</a></p>  <p>NYSE: GCV</p>  <p>CUSIP – 36240B109</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgwODcwNyM3NzcyODE5IzIyNTkwNTQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YWI4NWU3ODYtYjcwOC00ZTczLWFmZGQtNDRjMGJmZTBiNjk2LTEyNzA2MDQtMjAyNi0wOC0xMi1lbg==/tiny/The-Gabelli-Convertible-Income.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/891caa64-f107-4b7d-9235-99600c775118"><img src="https://ml.globenewswire.com/media/891caa64-f107-4b7d-9235-99600c775118/small/gabelli-funds-png.png" border="0" width="150" height="40" alt="Primary Logo"></img></a></p>

The Gabelli Convertible and Income Securities Fund, Inc. (GCV) will pay a $0.12 cash distribution on Sept. 23, 2026, to holders of record on Sept. 16. The fund targets an 8% minimum annual distribution of average NAV, with 2026 distributions projected as 22% net investment income and 78% net capital gains. Tax reporting will occur in early 2027 via Form 1099-DIV, and the distribution policy remains subject to board modification.

News insight

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

AI summary

Sentiment rationale

Key facts

Corporate Developments