GCV

Gabelli Convertible and Income Securities Fund
GCV

$4.03

1.47%

Market Cap: $78.9M

About: GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC is a diversified closed-end management investment company. Its 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 company invests in various portfolios such as Health Care, Financial Services, Energy and Utilities, Telecommunications, Food and Beverage, Aerospace and Automotive and others. All the operation of the group is operated through the regions of United States.

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding

Funds holding: 35 [Q1] → 35 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

1.67% less ownership

Funds ownership: 22.45% [Q1] → 20.78% (-1.67%) [Q2]

6% less capital invested

Capital invested by funds: $15.7M [Q1] → $14.7M (-$1.02M) [Q2]

18% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 11

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Research analyst outlook

We haven’t received any recent analyst ratings for GCV.

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Financial journalist opinion

Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 Per Share

RYE, N..Y, Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the “Fund”) declared a $0.12 per share cash distribution payable on September 23, 2024 to common stock shareholders of record on September 16, 2024.

Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 Per Share

GCV: Back To Higher Valuation, Potential Alternatives To Consider (Rating Downgrade)

GCV has outperformed the S&P 500 Index since our prior update, but that was helped significantly by the discount disappearing. GCV offers a high distribution yield of 12.85%, which tends to entice investors to push it up to these sorts of premiums we are seeing. Some alternatives could include swapping to its similar sister funds for investors who don't mind being a bit more tactical.

GCV: Back To Higher Valuation, Potential Alternatives To Consider (Rating Downgrade)

Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 Per Share

RYE, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the “Fund”) declared a $0.12 per share cash distribution payable on June 21, 2024 to common stock shareholders of record on June 13, 2024.

Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 Per Share

Gabelli Convertible and Income Securities Fund Appoints Christina A. Peeney to Board of Directors

RYE, N.Y., March 27, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE: GCV) (the “Fund”) announced the appointment of Christina A. Peeney to the Board of the Fund effective February 13, 2024.

Gabelli Convertible and Income Securities Fund Appoints Christina A. Peeney to Board of Directors

Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 per Share

RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the “Fund”) declared a $0.12 per share cash distribution payable on March 21, 2024 to common stock shareholders of record on March 14, 2024.

Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 per Share

GCV: More Interesting At Current Discount

Gabelli Convertible & Income Securities Fund has fallen to a discount, making it a much more compelling choice compared to where it was. GCV's portfolio is diversified and seems to have become even more varied in terms of sector exposure. The fund's distribution rate is high but lacks coverage and seems precarious, posing a risk, but it's also what could be the driving factor to see a narrowing discount.

GCV: More Interesting At Current Discount

Gabelli Convertible and Income Securities Fund Declares Fourth Quarter Distribution of $0.12 per Share

RYE, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the “Fund”) declared a $0.12 per share cash distribution payable on December 22, 2023 to common stock shareholders of record on December 15, 2023. With this fourth quarter distribution, the total distributions from the Fund for 2023 would equate to $0.48 per share.

Gabelli Convertible and Income Securities Fund Declares Fourth Quarter Distribution of $0.12 per Share

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