DIVIDEND NOTICE
The Gabelli Global Convertible Securities Fund

FOR IMMEDIATE RELEASE
Rye, NY
March 29, 2006
For information contact:
Bruce N. Alpert
Ph: (914) 921-5105 or 1-800-GABELLI


    The Gabelli Global Convertible Securities Fund will pay the following quarterly distributions :

    Share Class Distribution Rate
    (per share)
    Record Date Ex-Dividend, Payment
    & Reinvestment Date
    Class AAA - Fund #441
    (GAGCX-Nasdaq)
    $0.03 March 28, 2006 March 29, 2006
    Class A - Fund #1638 $0.03 March 28, 2006 March 29, 2006
    Class B - Fund #1639 $0.03 March 28, 2006 March 29, 2006
    Class C - Fund #1640 $0.03 March 28, 2006 March 29, 2006

    The source of the distribution is net investment income and capital gains. Based on current earnings on a book basis, approximately $0.01 per share is from net investment income and $0.02 per share is from capital gains.

    The final determination of the proportion of capital gains, ordinary income and non-taxable return of capital distributed in 2006 will be made after year-end. All shareholders will receive written notification regarding the components and tax treatment for all 2006 distributions in early 2007 via Form 1099-DIV.

    The Gabelli Global Convertible Securities Fund is managed by Gabelli Funds, LLC and distributed by Gabelli & Company, Inc., subsidiaries of GAMCO Investors, Inc. (NYSE: GBL).