Corrected: Gabelli Convertible and Income Securities Fund NAV Performance up 28% and Market Return Up 46%
Gabelli Convertible and Income Securities Fund, Inc. (The) (GCV)
US:NYSE Investor Relations:
gabelli.com/template/cef-fund_obj.cfm?fund_code=407
Company Research
Source: Business Wire
8% Distribution Policy Reaffirmed 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, 2020 to common stock shareholders of record on March 17, 2020. The distribution follows on the strength of the Fund’s market return in 2019, which increased 46%.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. 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 financial market environment. The Fund’s distribut
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Sec Filings
- 10/16/24 - Form 4
- 10/1/24 - Form EFFECT
- 9/13/24 - Form N-2/A
- GCV's page on the SEC website