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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 September 26, 2003 to Preferred Shareholders
of record on September 19, 2003.
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 this distribution may be treated as long-term capital gains. This has the effect of
providing individual shareholders with an ordinary income tax equivalent yield that is higher than
the current yield. Any long-term capital gains will be allocated on a pro-rata basis to all
distributions for the year. The final determination of the source of all distributions in 2003 will
be made after year-end.
The Gabelli Convertible and Income Securities Fund Inc. is a closed-end, diversified management
investment company with $151 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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