Form 4: Mario Gabelli Reports Sale of Gabelli Convertible & Income Securities Fund Shares

Mario Gabelli, a director and control person of the adviser for Gabelli Convertible & Income Securities Fund Inc., reported the sale of 999 shares of common stock at $3.9054 per share on February 10, 2025.

Summary

• On February 10, 2025, Mario J. Gabelli, a director and control person of the adviser for Gabelli Convertible & Income Securities Fund Inc. (GCV), sold 999 shares of GCV common stock.
• The sale price was $3.9054 per share.
• Following the transaction, Mr. Gabelli directly owns 486,501 shares.
• He also indirectly owns 1,089,000 shares through GGCP, Inc., 17,575 shares through Gabelli & Company Investment Advisers, Inc., and 326,525 shares through Associated Capital Group, Inc.
• Mr. Gabelli disclaims beneficial ownership of shares held by GGCP, GCIA and ACG in excess of his indirect pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting a transaction. It doesn't convey any particular positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company insiders.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder confidence, but the relatively small number of shares sold is unlikely to cause significant concern.

Key Dates

Keywords

Form 4, Gabelli, GCV, Share Sale, Beneficial Ownership, Director, Control Person, Gabelli Convertible & Income Securities Fund Inc.