Gabelli Fund Declares $0.12 Per Share Distribution
The Gabelli Convertible and Income Securities Fund will pay its common shareholders on December 18, 2026, to holders of record as of December 11.
Updated on Nov. 11, 2026 in Corporate Finance
The Gabelli Convertible and Income Securities Fund Inc. has declared a cash distribution of $0.12 per share on its common stock. The payment is scheduled for December 18, 2026, for shareholders of record on December 11, 2026.
Why it matters
The declaration gives common shareholders a scheduled cash payment and shows the Fund's ongoing commitment to income distributions. The Board of Directors may modify the distribution policy at any time.
The declaration is a formal board-approved distribution rather than a market-price event, with a $0.12 per share payout against $84 million in total net assets. Future distribution amounts remain subject to quarterly Board review of income, realized gains, and available capital.
The players
Gabelli Convertible and Income Securities Fund Inc.
A diversified, closed-end management investment company that pursues high total return through current income and capital appreciation.
Gabelli Funds, LLC
The investment manager for the Fund, operating as a subsidiary of GAMCO Investors, Inc.
GAMCO Investors, Inc.
The parent company of Gabelli Funds, LLC, which manages the Fund.
The details
The Fund is a diversified, closed-end management investment company managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. Its primary objective is a high level of total return through current income and capital appreciation, and the Board reviews potential distributions each quarter.
Timeline
December 11, 2026: Record date for shareholders entitled to the distribution.
December 18, 2026: Payment date for the $0.12 per share distribution.
Early 2027: Form 1099-DIV tax notifications sent to taxable-account shareholders.
Corporate Finance Context
The Fund's $0.12 quarterly declaration operates within its stated policy to distribute at least 8% of average net asset value each calendar year, the minimum needed to satisfy regulated investment company rules. Shareholders receive these payouts under a framework the Board may revise at any time.
Common shareholders of record on December 11, 2026 will receive $0.12 per share on December 18, 2026, which taxable-account holders will report using Form 1099-DIV notifications sent in early 2027. Individual tax treatment depends on each holder's situation, including applicable capital gains rates that can reach 20% plus a 3.8% Medicare surcharge on net investment income.
The takeaway
Investors in closed-end funds should track declared distributions against record and payment dates to confirm eligibility. Tax treatment of distributions can vary, so shareholders should review their 1099-DIV forms when they arrive in early 2027.
What happens next
Shareholders of record on December 11, 2026 are scheduled to receive the $0.12 per share payment on December 18, 2026. Tax notifications for 2026 distributions are expected to be sent in early 2027.
Further reading
Explore more corporate finance coverage to see how fund distributions fit into broader investor payout practices.
More information
Review distribution component notices on the Gabelli fund website.
