DividendMay 13, 2026, 10:44 AM
Gabelli Convertible & Income Fund Declares $0.12/Share Distribution
AI Summary
The Gabelli Convertible and Income Securities Fund Inc. announced a cash distribution of $0.12 per share, payable on June 23, 2026, to shareholders of record on June 15, 2026. The Fund aims to pay a minimum annual distribution of 8% of its average net asset value. For 2026, the estimated components of the distribution are approximately 2% from net investment income, 25% from net capital gains, and 73% as a return of capital.
Key Highlights
- Board declared a $0.12 per share cash distribution.
- Distribution payable on June 23, 2026, to shareholders of record on June 15, 2026.
- Fund intends to pay a minimum annual distribution of 8% of average net asset value.
- Estimated 2026 distributions include 2% from net investment income.
- Estimated 2026 distributions include 25% from net capital gains.
- Estimated 2026 distributions include 73% deemed a return of capital on a book basis.
Price Impact
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