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Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 Per Share
Globe Newswire (Wed, 13-May 10:42 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 July 10, 2026, GCV stock price climbed to $4.66 with 35,102 million shares trading.
GCV has a beta of 0.53, meaning it tends to be less sensitive to market movements. GCV has a correlation of 0.38 to the broad based SPY ETF.
GCV has a market cap of $93.89 million. This is considered a Micro Cap stock.
In the last 3 years, GCV traded as high as $4.77 and as low as $3.01.
GCV has outperformed the market in the last year with a return of +34.2%, while the SPY ETF gained +22.2%. However, in the most recent history, GCV shares have underperformed the stock market with its stock returning +8.4% in the last 3 month period and +0.2% for the last 2 week period, while SPY has returned +11.3% and +2.8%, respectively.
GCV support price is $4.57 and resistance is $4.71 (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.
