The Gabelli Convertible and Income Securities Fund Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities. The Fund will invest at least 80% of its net assets in a combination of convertible securities and income producing securities. The Fund may invest up to 15% of its net assets in securities for which the markets are illiquid. The Fund invests in various sectors, such as energy and utilities, health care, financial services, diversified industrial, retail, telecommunications and electronics. The Fund's investment advisor is Gabelli Funds, LLC.