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The Board of Directors of The Gabelli Convertible Securities Fund, Inc. (NYSE - GCV) declared a
$0.70 per share cash distribution payable on December 26, 2000 to common stock shareholders of
record on December 15, 2000, pursuant to the Gabelli Convertible Securities Fund's 8% Distribution
Policy.
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 final determination of the long-term capital gains and ordinary income distributed in 2000 will
be made after year-end. All shareholders will receive written notification regarding the components
and tax treatment for all 2000 distributions in early 2001 via form 1099-DIV.
The Gabelli Convertible Securities Fund, Inc. is a closed-end, diversified management investment
company with $114 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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