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TCW CONVERTIBLE SECURITIES FUND DECLARES DIVIDEND

 TCW CONVERTIBLE SECURITIES FUND DECLARES DIVIDEND
 LOS ANGELES, July 22 /PRNewswire/ -- TCW Convertible Securities


Fund Inc. (NYSE: CVT) announced that its board of directors declared the regular quarterly dividend of $.21 per share. This will be the 17th quarterly payment at this rate since the $.84 annual distribution policy was adopted on June 15, 1988 and represents a cash yield of approximately 9 percent annually on the current market value of the company's shares.
 The dividend is payable on Oct. 9, 1992 to shareholders of record on Sept. 30, 1992.
 TCW Convertible Securities Fund Inc. is a closed-end fund listed on the New York Stock Exchange. The fund began operations in March 1987 and including the proceeds from the recent rights offering has net assets of approximately $205 million.
 -0- 7/24/92
 /CONTACT: David K. Sandie of Trust Co. of the West, 213-244-0196/
 (CVT) CO: TCW Convertible Securities Fund Inc. ST: California IN: SU: DIV


KJ-CH -- LA023 -- 3100 07/24/92 14:53 EDT
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Publication:PR Newswire
Date:Jul 24, 1992
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