THE
GABELLI CONVERTIBLE AND INCOME SECURITIES FUND INC.
ANNUAL
MEETING OF STOCKHOLDERS
May 11,
2026
PROXY
STATEMENT
This
Proxy Statement is furnished in connection with the solicitation of proxies by the Board of Directors (the “Board,” the members
of which are referred to as “Directors”) of The Gabelli Convertible and Income Securities Fund Inc., a Maryland corporation
(the “Fund”), for use at the Annual Meeting of Stockholders of the Fund to be held on Monday, May 11, 2026, at 8:30 a.m.,
ET, at Indian Harbor Yacht Club, 710 Steamboat Road, Greenwich, Connecticut, 06830 (the “Meeting”), and at any adjournments
or postponements thereof. A Notice of Internet Availability of Proxy Materials will first be mailed to stockholders on or about April
1, 2026.
In
addition to the solicitation of proxies by mail, officers of the Fund and officers and regular employees of Computershare Trust Company,
N.A. (“Computershare”), the Fund’s transfer agent, and affiliates of Computershare or other representatives of the Fund
may also solicit proxies by telephone, Internet, or in person. In addition, the Fund has retained Morrow Sodali LLC to assist in the solicitation
of proxies for an estimated fee of $1,050 plus reimbursement of expenses. The Fund will pay the costs of the proxy solicitation and the
expenses incurred in connection with preparing, printing, and mailing the Notice of Internet Availability of Proxy Materials and/or Proxy
Statement and its enclosures. If requested, the Fund will also reimburse brokerage firms and others for their expenses in forwarding
solicitation materials to the beneficial owners of its shares.
The
Fund’s most recent annual report, including audited financial statements for the fiscal year ended September 30, 2025, is available
upon request, without charge, by writing to the Secretary of the Fund, One Corporate Center, Rye, New York 10580-1422, calling the
Fund at 800-422-3554, or via the Internet at www.gabelli.com.
If
the proxy is properly executed and returned in time to be voted at the Meeting, the shares represented thereby will be voted “FOR”
the election of the nominees as Directors as described in this Proxy Statement, unless instructions to the contrary are marked thereon,
and at the discretion of the proxy holders as to the transaction of any other business that may properly come before the Meeting. Any
stockholder who has submitted a proxy has the right to revoke it at any time prior to its exercise either by attending the Meeting
and voting his or her shares or by submitting a letter of revocation or a later dated proxy to the Fund at the above address prior to
the date of the Meeting.
A
“quorum” is required in order to transact business at the Meeting. A quorum of stockholders is constituted by the presence
or representation by proxy of stockholders of the Fund entitled to cast at least a majority of the votes entitled to be cast at the Meeting,
except that for the election of the Director nominee to be elected by holders of the Fund’s preferred stock, a quorum is constituted
by the presence or presentation by proxy of the holders of at least a majority of the outstanding shares of preferred stock entitled to
vote on such matter. Whether or not a quorum is present, the chairperson of the Meeting may adjourn the Meeting indefinitely, or
from time to time, to a date not more than 120 days after the original record date, without notice other than announcement at the
Meeting. Absent the establishment of a subsequent record date and the giving of notice to the holders of record thereon, the adjourned
meeting must take place not more than 120 days after the original record date. At such adjourned meeting at which a quorum shall be present,
any business may be transacted which might have been transacted at the Meeting as originally notified. The Fund may postpone or cancel
a meeting of stockholders, and if it does the Fund will make a public announcement of such postponement or cancellation prior to
the meeting. The postponed meeting may not be held more than 120 days after the initial record date.
The
close of business on March 12, 2026, has been fixed as the record date for the determination of stockholders entitled to notice of and
to vote at the Meeting and all adjournments or postponements thereof.
The
Fund has two classes of capital stock outstanding: common stock, par value $0.001 per share (“Common Stock”), and preferred
stock consisting of 5.20% Series H Cumulative Preferred Stock (“Series H Preferred” or the “Preferred Stock”),
par value of $0.001 per share. The holders of the Common Stock and Preferred Stock are each