YEAR-END DIVIDEND NOTICE
The Gabelli Global Convertible Securities Fund

FOR IMMEDIATE RELEASE
Rye, New York
December 28, 2005


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

Share Class Dividend
(per share)
Record Date Ex-Dividend, Payment and
Reinvestment Date
Class AAA - Fund #441
(GAGCX-Nasdaq)
$0.03 December 27, 2005 December 28, 2005
Class A - Fund #1638 $0.03 December 27, 2005 December 28, 2005
Class B - Fund #1639 $0.03 December 27, 2005 December 28, 2005
Class C - Fund #1640 $0.03 December 27, 2005 December 28, 2005

All of the distribution is from long term capital gains.

The final determination of the proportion of capital gains, ordinary income and non-taxable return of capital distributed in 2005 will be made after year-end. All shareholders will receive written notification regarding the components and tax treatment for all 2005 distributions in early 2006 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).

For further information call Bruce N. Alpert at 914-921-5105 or 1-800-GABELLI (1-800-422-3554).