TCW CONVERTIBLE SECURITIES FUND ANNOUNCES THAT ITS RIGHTS OFFERING IS FULLY SUBSCRIBED
TCW CONVERTIBLE SECURITIES FUND ANNOUNCES
THAT ITS RIGHTS OFFERING IS FULLY SUBSCRIBED
LOS ANGELES, July 15 /PRNewswire/ -- TCW Convertible Securities Fund Inc. ("CVT") (NYSE: CVT) announced today that its rights offering which expired on July 13, 1992, was fully subscribed. The rights offering entitled each shareholder to purchase one additional share of common stock of CVT for very five shares held on the record date at a subscription price equal to the net asset value per share at the close of business on July 14, 1992. The subscription price was $8.03.
CVT is a closed-end, diversified management investment company, investing principally in convertible securities. The offering proceeds will increase the total net assets of CVT to more than $205 million based on the July 14 net asset value per share of $8.03.
/CONTACT: Ronald E. Robison of TCW, 213-244-0222/
(CVT) CO: TCW Convertible Securities Fund Inc. ST: California IN: FIN SU: JL-KJ -- LA040 -- 9805 07/15/92 20:08 EDT