Form 4: Mario Gabelli Sells Gabelli Convertible & Income Securities Fund Shares
SEC Form 4 Filing
Mario Gabelli, a control person of the adviser for Gabelli Convertible & Income Securities Fund Inc., sold 1,669 shares of common stock at $3.81 per share on August 29, 2024.
Summary
- On August 29, 2024, Mario J. Gabelli sold 1,669 shares of Gabelli Convertible & Income Securities Fund Inc. (GCV) common stock.
- The sale price was $3.81 per share.
- Following the transaction, Mr. Gabelli directly owns 487,500 shares.
- Mr. Gabelli also indirectly owns shares through GGCP, Inc. (1,100,000 shares), Gabelli & Company Investment Advisers, Inc. (17,575 shares), and Associated Capital Group, Inc. (326,425 shares).
- Mr. Gabelli disclaims beneficial ownership of shares held by GGCP, Inc., Gabelli & Company Investment Advisers, Inc., and Associated Capital Group, Inc. exceeding his indirect pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of transaction: Sale of 1,669 shares of common stock. |
| 08/30/2023 | Date of signature for the report. |
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