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The Board of Directors of The Gabelli Convertible Securities Fund, Inc. (NYSE - GCV) authorized
a $0.50 per share cash distribution payable on March 26, 1998 to Preferred Shareholders of record
on March 18, 1998.
The Preferred Shares, which trade on the New York Stock Exchange under the symbol "GCV pr", are
rated 'AAA' by Standard and Poor's and have an annual dividend rate of $2.00 per share. The
1,200,000 Preferred Shares were issued on May 16, 1997 at $25.00 per share and will pay
distributions quarterly.
The Gabelli Convertible Securities Fund is a closed-end, diversified management investment
company 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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