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The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) declared
a $0.375 per share cash distribution payable on June 28, 2004 to Preferred Shareholders of record on
June 21, 2004.
The Preferred Shares, which trade on the New York Stock Exchange under the symbol "GCV Pr B", are rated
'Aaa' by Moody's Investors Service and have an annual dividend rate of $1.50 per share. The Preferred
Shares were issued on March 18, 2003 at $25.00 per share and pay distributions quarterly.
A portion of the distribution may be treated as long-term capital gain and qualifying dividend income
for individuals, each subject to the maximum Federal income tax rate of 15% in taxable accounts for
individuals. Long-term capital gain, qualifying dividend income and ordinary income, if any, will be
allocated on a pro-rata basis to all distributions for the year. The final determination of the source
of all distributions in 2004 will be made after year-end.
The Gabelli Convertible and Income Securities Fund Inc. is a closed-end, diversified management
investment company with $150 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. (NYSE:GBL), which is a
publicly traded NYSE listed company.
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