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The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE - GCV)
declared a $0.20 per share cash distribution payable on September 24, 2002 to common stock
shareholders of record on September 16, 2002, pursuant to the Gabelli Convertible and Income
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 and Income 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 and Income Securities Fund Inc. is a closed-end, diversified management
investment company with $100 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.
The Fund is managed by Gabelli Funds, LLC, a subsidiary of Gabelli Asset Management Inc.
(GBL - NYSE), which is a publicly traded NYSE listed company.
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