Important Information about Closed End Fund 4th Quarter Distributions   The Gabelli Equity Trust Inc. Declares Fourth Quarter Distribution of $0.14 per share and First Quarter 2003 Distribution of $0.27 per share The Gabelli Equity Trust Inc. Declares 0.453125 Quarterly Dividend for its 7.25% Tax Advantaged Cumulative Preferred Stock The Gabelli Equity Trust Inc. Declares $0.45 Quarterly Dividend for its 7.20% Tax Advantaged Series B Cumulative Preferred Stock The Gabelli Global Multimedia Trust Inc. Declares $0.495 Quarterly Dividend for its 7.92% Cumulative Preferred Stock The Gabelli Convertible and Income Securities Fund Inc. Declares Fourth Quarter Distribution of $0.15 per share and First Quarter 2003 Distribution of $0.20 per Share The Gabelli Convertible and Income Securities Fund Inc. Declares $0.50 Quarterly Dividend for its 8.00% Cumulative Preferred Stock The Gabelli Utility Trust Continues Monthly Distributions of $0.06 per Share