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Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 Per Share
Globe Newswire (Wed, 12-Aug 10:37 AM ET)
The Gabelli Convertible and Income Securities Fund Inc. is a diversified closed-end management investment company whose investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities. The Fund will invest at least 80% of its net assets, under normal market conditions, in a combination of convertible securities and income producing securities (the “80% Policy”). The Fund expects to continue its practice of focusing on convertible securities to the extent attractive opportunities are available. The 80% Policy may be changed without shareholder approval. However, the Fund has adopted a policy to provide shareholders with notice at least sixty days prior to the implementation of any change in the 80% Policy.
Gabelli Convertible And Income Securities trades on the NYSE stock market under the symbol GCV.
As of October 1, 2026, GCV stock price declined to $4.10 with 25,447 million shares trading.
GCV has a beta of 0.57, meaning it tends to be less sensitive to market movements. GCV has a correlation of 0.34 to the broad based SPY ETF.
GCV has a market cap of $82.60 million. This is considered a Micro Cap stock.
In the last 3 years, GCV traded as high as $4.80 and as low as $3.01.
GCV has underperformed the market in the last year with a price return of +10.9% while the SPY ETF gained +15.4%. GCV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.8% and -6.6%, respectively, while the SPY returned +2.1% and +1.2%, respectively.
GCV support price is $4.07 and resistance is $4.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GCV shares will trade within this expected range on the day.