Gabelli Convertible and Income Securities Fund Reaffirms Its 8% Distribution Policy and Declares First Quarter Distribution of $0.12 Per Share
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
RYE, N.Y.--(BUSINESS WIRE)--The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the “Fund”) reaffirmed its 8% distribution policy and declared a $0.12 per share cash distribution payable on March 24, 2020 to common stock shareholders of record on March 17, 2020.The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Directors. Under the Fund’s current distribution policy, 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.Each quarter, the Board of Directors reviews the amount of any p
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Sec Filings
- 12/13/24 - Form N-CEN
- 12/5/24 - Form N-CSR
- 11/29/24 - Form NPORT-P
- GCV's page on the SEC website