Gabelli Conv Inc Secs:GCV

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$6.54$6.82-4.11%
    52 Wk Avg$5.90$6.34-6.95%
    52 Wk High$6.83$7.47-1.98%
    52 Wk Low$4.86$5.28-11.62%
    Regular Distribution TypeManaged Distribution
    Distribution Rate7.34%
    Distribution Amount$0.1200
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Primary objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible and income-producing securities. At least 80% of the Funds net assets will be invested in a combination of the latter.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$162.122M
    Total Common Assets:$128.362M
    Common Shares Outstanding:18,821,385
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $33.760M
    Regulatory Leverage (USD): $33.760M
    Effective Leverage (USD): $33.760M
    Effective Leverage (%): 20.82%
    Annual Expense Ratios

    As of 12/31/2020

      Per Common Share
    Management Fees1.00%
    Other Expenses:1.16%
    Baseline Expense: N/A
    Interest Expense:0.97%
    Total: 3.13%
    Fund Management

    Fund Sponsor
    Gabelli

    Portfolio Managers
    James Dinsmore, Jane D. O'Keeffe, Thomas H. Dinsmore, Mario J. Gabelli, A. Hartwell Woodson

    Basics
    Category: Hybrid-U.S. Allocation
    Ticker: GCV
    NAV Ticker: XGCVX
    Average Daily Volume (shares): 39,025
    Average Daily Volume (USD): $0.232M
    Inception Date: 3/31/1995
    Inception Share Price: $11.25
    Inception NAV: $11.14
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 6/11/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 12/31/2020
    -$0.0079
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    7.04%
    Total Return on NAV (12 months):
    As of 6/11/2021
    35.00%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    2.04%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    20.82%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-7.18%
    1 Year-6.95%
    3 Year-2.89%
    5 Year-3.14%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month0.73
    6 Month1.32
    1 Year1.39
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF US Allocation

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD4.70%0.26%17.07%11.35%
    202017.33%30.17%0.91%6.36%
    201945.85%28.40%29.77%22.10%
    2018-16.57%-4.94%-8.36%-4.98%
    201737.42%14.16%21.52%14.50%
    20167.52%8.75%17.59%13.14%
    2015-14.08%-5.39%-9.73%-7.35%
    20147.12%1.75%11.82%9.17%
    201325.28%24.83%19.53%19.58%
    201213.81%11.63%13.72%13.14%
    2011-9.13%-0.86%1.24%3.22%
    201013.67%9.50%15.07%13.03%
    200913.86%23.55%43.70%32.32%
    2008-18.15%-25.63%  
    2007-5.80%4.69%  
    200611.48%15.34%  
    20054.37%5.36%  
    2004-4.80%2.68%  
    200333.95%15.45%  
    2002-13.22%-5.92%  
    200128.94%7.07%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2021
    Category: Morningstar US CEF US Allocation

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    2.04%
    Number of Holdings:
    As of 3/31/2021
    152
    Annual Portfolio Turnover:
    As of 12/31/2020
    44.00%
    Asset Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)84.17%
    Convertible74.40%
    Preferred Stock9.76%
    Cyclical (Super Sector)6.56%
    Defensive (Super Sector)4.23%
    Real Estate2.95%
    Utilities2.24%
    Financial Services2.21%
    Sensitive (Super Sector)2.07%
    Industrials1.63%
    Top Holdings

    As of 3/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Mercadolibre Inc 2%$3.35M2.17%
    Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A$3.07M1.99%
    QTS Realty Trust Inc Pfd$3.05M1.97%
    IAC Financeco 3 Inc 2%$2.68M1.73%
    Crown Castle International Corp$2.62M1.69%
    Aptiv PLC PRF CONVERT 15/06/2023 USD 0.01 - Ser A$2.46M1.59%
    2020 Cash Mandatory Exchangeable Trust 5.25%$2.38M1.54%
    InterDigital, Inc. 2%$2.36M1.53%
    EXACT SCIENCES CORPORATION 0.38%$2.24M1.45%
    Knowles Corporation 3.25%$2.12M1.37%
    Maturity Breakdown

    As of 3/31/2021 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity10.14%
    China - Equity1.32%
    United States - Fixed Income0.97%
    Switzerland - Equity0.67%
    Sweden - Equity0.38%
    France - Equity0.30%
    Canada - Equity0.06%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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