DIVIDEND NOTICE
The Gabelli Global Convertible Securities Fund

FOR IMMEDIATE RELEASE
Rye, NY
September 27, 2006
For information contact:
Agnes Mullady
Ph: (914) 921-8371 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 September 26, 2006 September 27, 2006
    Class A - Fund #1638 $0.03 September 26, 2006 September 27, 2006
    Class B - Fund #1639 $0.03 September 26, 2006 September 27, 2006
    Class C - Fund #1640 $0.03 September 26, 2006 September 27, 2006

    The source of the distribution is net investment income and capital gains. Based on current earnings on a book basis, approximately $0.007 per share is from net investment income and $0.023 per share is from capital gains.

    The final determination of the proportion of capital gains, ordinary income and non-taxable return of capital, if any 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).