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The Board of Directors of The Gabelli Convertible Securities Fund, Inc. (NYSE - GCV) declared a
$0.20 per share cash distribution payable on March 25, 2002 to common stock shareholders of record
on March 15, 2002, pursuant to the Gabelli Convertible Securities Fund's 8% Distribution Policy.
Long term capital gains, if any, will be included on a pro-rata basis in all distributions
throughout the year.
Under the Convertible Securities Fund's payout policy, the Fund will pay out a minimum annual
distribution of 8% of the average net asset value of the Fund. The Fund will pay $0.20 per share
in each of the first three quarters of the year and an adjusting distribution in the fourth quarter
of a sufficient amount to pay 8% of the average net asset value of the Fund, as of the last day of
the four preceding calendar quarters, or to satisfy the minimum distribution requirements of the
Internal Revenue Code, whichever is greater.
The Gabelli Convertible Securities Fund, Inc. is a closed-end, diversified management investment
company with $110 million in total assets whose primary investment objective is to seek a high level
of total return through a combination of current income and capital appreciation by investing
primarily in convertible securities.
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