Gabelli Convertible and Income Securities Fund Announces Closing of Private Placement of 5.20% Series G Cumulative Preferred Stock
December 30 2022 - 9:11AM
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”).
The Series G Preferred is non-callable until June 26, 2025, and
has a liquidation preference of $10 per share. Distributions are
scheduled to be paid semiannually beginning on June 26, 2023.
This press release is not an offering of, or a solicitation
to purchase, the Series G Preferred. The Series G Preferred have
not been registered under the Securities Act of 1933 or any state
securities laws.
Investors should carefully consider the investment objectives,
risks, charges, and expenses of the Fund before investing in the
Fund. For more information regarding this and other information
about the Fund, call:
Laurissa Martire
Bethany Uhlein
914-921-5399
914-921-5546
About Gabelli Convertible and Income Securities Fund
The Gabelli Convertible and Income Securities Fund Inc. is a
diversified, closed-end management investment company with $95
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: GAMI).
NYSE: GCV CUSIP – 36240B109
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version on businesswire.com: https://www.businesswire.com/news/home/20221230005161/en/
Investor Relations Contact: Laurissa Martire (914) 921-5399
lmartire@gabelli.com
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