<SEC-DOCUMENT>0001140361-20-010573.txt : 20200504
<SEC-HEADER>0001140361-20-010573.hdr.sgml : 20200504
<ACCEPTANCE-DATETIME>20200504123521
ACCESSION NUMBER:		0001140361-20-010573
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20200504
DATE AS OF CHANGE:		20200504
EFFECTIVENESS DATE:		20200504

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC
		CENTRAL INDEX KEY:			0000845611
		IRS NUMBER:				133523423
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05715
		FILM NUMBER:		20843716

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		2123098408

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE YORK
		STATE:			NY
		ZIP:			10580

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GABELLI CONVERTIBLE SECURITIES FUND INC /DE
		DATE OF NAME CHANGE:	19970507

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GABELLI SERIES FUNDS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>formdefa14a.htm
<DESCRIPTION>DEFA 14A
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge
         Document created using EDGARfilings PROfile 7.0.0.0
         Copyright 1995 - 2020 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
  <div>
    <div style="background-color: rgb(255, 255, 255); font-size: 18pt;">
      <div style="text-align: center; color: rgb(35, 31, 32); font-weight: bold;">SCHEDULE 14A INFORMATION</div>
    </div>
    <div style="background-color: rgb(255, 255, 255);">
      <div><br>
      </div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: center; color: #231F20;">Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934</div>
      <div style="text-align: center;"><font style="color: #231F20;">(Amendment No.</font><font style="color: #000000;">&#160;</font><font style="color: #231F20;">)</font></div>
    </div>
    <div style="background-color: rgb(255, 255, 255);">
      <div><br>
      </div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="color: #231F20;">Filed by Registrant &#9746;</div>
      <div style="color: #231F20;">Filed by a Party other than the Registrant &#9744;</div>
    </div>
    <div style="background-color: rgb(255, 255, 255);">
      <div style="color: rgb(35, 31, 32);"> <br>
      </div>
      <div style="color: rgb(35, 31, 32);">Check the appropriate box:</div>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z622752a802c6486b8355633df64a1b12" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 18pt;">
              <div style="text-align: left;">&#9744;</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;"><font style="color: rgb(35, 31, 32);">Preliminary Proxy Statement</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zb8a104fda4454a5da4732e7491c4406b" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 18pt;">
              <div style="text-align: left;">&#9744;</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;"><font style="color: rgb(35, 31, 32);">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="za3b78a38a5ea4e3d81c5028b6ef30fce" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 18pt;">
              <div style="text-align: left;">&#9744;</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;"><font style="color: rgb(35, 31, 32);">Definitive Proxy Statement</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z226e47eee3154bca8f8008968e620869" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 18pt;">
              <div style="text-align: left;">&#9746;</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;"><font style="color: rgb(35, 31, 32);">Definitive Additional Materials</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z99cc91e4f96a4b04847f7db8b3b7138a" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 18pt;">
              <div style="text-align: left;">&#9744;</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;"><font style="color: rgb(35, 31, 32);">Soliciting Material Pursuant to Sec. 240.14a-12</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="background-color: rgb(255, 255, 255);">
      <div><br>
      </div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: center; color: rgb(0, 0, 0); font-size: 24pt; font-weight: bold;">The&#160;Gabelli Convertible And Income Securities Fund Inc.</div>
      <div style="text-align: center; color: #231F20;">(Name of Registrant as Specified In Its Charter)</div>
    </div>
    <div style="background-color: rgb(255, 255, 255);">
      <div><br>
      </div>
    </div>
    <div style="background-color: rgb(255, 255, 255);">
      <div style="text-align: center; color: rgb(35, 31, 32);">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div><br>
      </div>
      <div style="color: #231F20;">Payment of Filing Fee (Check the appropriate box):</div>
      <div><br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z315a68fd420f4e15bd846803b5191d77">

        <tr>
          <td style="width: 3%; vertical-align: top;">&#9746;</td>
          <td style="width: 97%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">No fee required</div>
          </td>
        </tr>

    </table>
    <div style="background-color: rgb(255, 255, 255);">
      <div><br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zd738753115a047a7bb01674b3aed729d">

        <tr>
          <td style="width: 3%; vertical-align: top;">&#9744;</td>
          <td style="width: 97%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</div>
          </td>
        </tr>

    </table>
    <div style="background-color: rgb(255, 255, 255);">
      <div><br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="ze953b14f24544b749123431139c6b6c2">

        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">1)</div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">Title of each class of securities to which transaction applies:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 94%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">2)</div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">Aggregate number of securities to which transaction applies:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 94%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">3)</div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11(set forth the amount on which the filing fee is calculated and state how it was determined):</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 94%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">4)</div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">Proposed maximum aggregate value of transaction:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 94%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">5)</div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">Total fee paid:</div>
          </td>
        </tr>

    </table>
    <div style="background-color: rgb(255, 255, 255);">
      <div><br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z6841070e16434c23b4e0604df01e1318">

        <tr>
          <td style="width: 3%; vertical-align: top;">&#9744;</td>
          <td style="width: 97%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">Fee paid previously with preliminary materials.</div>
          </td>
        </tr>

    </table>
    <div style="background-color: rgb(255, 255, 255);">
      <div><br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z72cfd348dd3d492bbc807532906b2699">

        <tr>
          <td style="width: 3%; vertical-align: top;">&#9744;</td>
          <td style="width: 97%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration
              statement number, or the Form or Schedule and the date of its filing.</div>
          </td>
        </tr>

    </table>
    <div style="background-color: rgb(255, 255, 255);">
      <div><br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zb39036c7ceb046f78db6022c15ccbb0a">

        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">1)</div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">Amount Previously Paid:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 94%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">2)</div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">Form, Schedule or Registration Statement No.:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 94%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">3)</div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">Filing Party:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 94%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">4)</div>
          </td>
          <td style="width: 94%; vertical-align: top;">
            <div style="color: rgb(35, 31, 32);">Date Filed:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 2.64%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 94%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div style="background-color: #FFFFFF;">
      <div><br>
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="z6e4006ac7b824cb7918d150ff587addf" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;">

          <tr>
            <td style="width: 85%;"><img src="image01.jpg"></td>
            <td style="width: 15%;">
              <div style="text-align: left;">One Corporate Center<br>
                Rye, NY 10580-1422</div>
              <div style="text-align: left;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 174, 239); font-style: normal; font-variant: normal; text-transform: none;">t</font>&#160; 914.921.5070</div>
              <div style="text-align: left; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 174, 239); font-style: normal; font-variant: normal; text-transform: none;">GABELLI.COM</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
      <div style="font-variant: small-caps; font-weight: bold;">Press Release</div>
      <div>For Immediate Release</div>
      <div>&#160;</div>
      <div style="text-align: center; color: #262626; font-weight: bold;"><font style="background-color: #FFFFFF;">GABELLI FUNDS, LLC ANNOUNCES CHANGE TO VIRTUAL MEETINGS FOR</font></div>
      <div style="text-align: center; color: #262626; font-weight: bold;"><font style="background-color: #FFFFFF;">CLOSED-END FUNDS ANNUAL MEETINGS ON MAY 11, 2020</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">The following notice relates to the Annual Meetings of:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z25ec809719bb46f49fe2f4351c61b00b">

          <tr>
            <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-weight: bold;">Bancroft Fund Ltd.</div>
            </td>
            <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-weight: bold;">The Gabelli Equity Trust Inc.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-weight: bold;">Ellsworth Growth and Income Fund Ltd.</div>
            </td>
            <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-weight: bold;">The Gabelli Global Utility &amp; Income Trust</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-weight: bold;">GAMCO Global Gold, Natural Resources &amp; Income Trust</div>
            </td>
            <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-weight: bold;">The Gabelli Go Anywhere Trust</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-weight: bold;">GAMCO Natural Resources, Gold &amp; Income Trust</div>
            </td>
            <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-weight: bold;">The Gabelli Healthcare &amp; Wellness<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">Rx</sup> Trust</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-weight: bold;">The Gabelli Convertible &amp; Income Securities Fund</div>
            </td>
            <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-weight: bold;">The Gabelli Multimedia Trust Inc.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-weight: bold;">The Gabelli Dividend &amp; Income Trust</div>
            </td>
            <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center; font-weight: bold;">The Gabelli Utility Trust</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="background-color: #FEFEFE; font-weight: bold;">RYE, N.Y.</font> &#8211; May 1, 2020 &#8211; <font style="background-color: rgb(254, 254, 254);">Gabelli Funds, LLC</font> announces that, due to the public health
        impact of the COVID-19 pandemic and to support the health and well-being of its Funds&#8217; shareholders and stockholders, employees, and trustees and directors, as well as their families and communities, it will host the originally planned in-person
        2020 Annual Meetings of Shareholders and Stockholders (the &#8220;Annual Meetings&#8221;) at the Westchester Country Club, as virtual meetings.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">The date and the times of the Annual Meetings have not changed. Individuals will not be able to attend the Annual Meetings in person.&#160; Shareholders of a Fund as of the close of business on March 17, 2020, the Record
        Date for the Annual Meetings, with a control number, will have the opportunity to participate in the vote during the virtual meeting.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">As described in the previously-distributed proxy materials for the Annual Meetings (the &#8220;Proxy Materials&#8221;), shareholders and stockholders of record on Record Date will be entitled to receive notice of, and to
        participate in and vote at, the Annual Meetings.&#160; To participate in the Annual Meetings, shareholders and stockholders must register in advance by submitting the required information (described below) to Broadridge Financial Solutions Inc.
        (&#8220;Broadridge&#8221;), the Funds&#8217; proxy tabu<font style="color: rgb(0, 0, 0);">lator, at <u>https://viewproxy.com/GabelliFunds/broadridgevsm/</u>.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">If shares are registered directly with a Fund in the shareholder&#8217;s or stockholder&#8217;s name, to register to participate in the Annual Meetings, the shareholder or stockholder must enter the control number found on the
        proxy card included in the proxy materials.&#160; If shares are held by a broker, bank, or other nominee and the shareholder or stockholder wishes to vote at the Annual Meeting, the shareholder or stockholder must first obtain a &#8220;legal proxy&#8221; from the
        applicable nominee/record holder, who will then provide a newly-issued control number to be submitted when registering for the Annual Meeting.&#160; If shares are held by a broker, bank, or other nominee and the shareholder or stockholder wishes to
        attend, but does not wish to vote at the Annual Meetings, the shareholder or stockholder may call (914) 921-5070 for further information to attend the Annual Meetings.&#160; Requests for registration must be received no later than 5:00 p.m., Eastern
        Time, on May 8, 2020. Shareholders and stockholders will receive an email confirming their registration and providing instructions for participating in the Annual Meetings.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify;">Shareholders and stockholders are encouraged to vote in advance of the Annual Meetings either through the internet, by telephone or, if paper copies of proxy materials were requested, by returning the completed proxy
        card. Any questions for the Annual Meetings can be submitted in advance when registering online or at the meeting.</div>
      <div>&#160;</div>
      <div style="font-style: italic;">Investors should consider the Funds&#8217; investment objectives, risks, charges, and expenses carefully before investing.</div>
      <div>&#160;</div>
      <div style="text-align: center; color: #000000; font-style: italic;"># # #</div>
      <div>&#160;</div>
      <div style="text-align: justify;">The Funds are managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-weight: bold;">About GAMCO Investors, Inc.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">GAMCO Investors, Inc., through its subsidiaries, manages private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC). As of March 31, 2020, GAMCO Investors had
        $27.5 billion in assets under management.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-weight: bold;">Investor Contact</div>
      <div>&#160;</div>
      <div>John Ball at (914) 921-7728 or jball@gabelli.com</div>
      <div> <br>
      </div>
      <div> <br>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image01.jpg
<TEXT>
begin 644 image01.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  8$!08%! 8&!08'!P8("A *"@D)
M"A0.#PP0%Q08&!<4%A8:'24?&ALC'!86("P@(R8G*2HI&1\M,"TH,"4H*2C_
MVP!# 0<'!PH("A,*"A,H&A8:*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H
M*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"C_P  1"  W ,T# 2(  A$! Q$!_\0
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M [UJJ0R@J001D$=Z %HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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61110 4444 %%%% !1110 4444 ?_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
