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TCW CONVERTIBLE SECURITIES FUND ANNOUNCES RECORD DATE OF JUNE 15 FOR PROPOSED RIGHTS OFFERING

 TCW CONVERTIBLE SECURITIES FUND ANNOUNCES RECORD DATE
 OF JUNE 15 FOR PROPOSED RIGHTS OFFERING
 LOS ANGELES, June 11 /PRNewswire/ -- TCW Convertible Securities Fund Inc. ("CVT") (NYSE: CVT) announced today that its board of directors has established a record date of June 15, 1992 for the proposed rights offering. As previously announced, CVT proposes to offer each shareholder the right to purchase one additional share of common stock $.01 par value, for every five shares held on the record date. The per share subscription price will be the net asset value per share after the expiration of the offering. The offer will be made only by means of a prospectus, which is currently expected to be mailed around June 17, 1992.
 An aggregate of 4,274,894 shares will be offered for subscription pursuant to non-transferable rights. There will be an over-subscription privilege for shares not subscribed for.
 CVT is a closed-end, diversified management investment company, investing principally in convertible securities. Net proceeds from the rights offering will be invested in accordance with the investment policies of CVT.
 -0- 6/11/92
 /NOTE: This release shall not constitute an offer to sell of an offer to buy./
 /CONTACT: Corporate Investor Communications Inc. (information agent for the offering), 800-346-7885; or Ronald E. Robison of TCW Funds Management, 213-244-0222/
 (CVT) CO: TCW Convertible Securities Fund Inc. ST: California IN: FIN SU: OFR


EH-KJ -- LA005 -- 9124 06/11/92 09:42 EDT
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Publication:PR Newswire
Date:Jun 11, 1992
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