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TCW CONVERTIBLE SECURITIES FUND FILES REGISTRATION STATEMENT WITH SEC

TCW CONVERTIBLE SECURITIES FUND FILES REGISTRATION STATEMENT WITH SEC
 LOS ANGELES, Feb. 25 /PRNewswire/ -- TCW Convertible Securities Fund Inc. ("CVT") announced today that it has filed with the Securities and Exchange Commission (SEC) a Registration Statement with respect to a proposed subscription offer which will entitle each shareholder to purchase one additional share of common stock, $.01 par value, of CVT for every five shares held on the record date yet to be determined. The expected per share subscription price will be the higher of 95 percent of the market price or net asset value. The offer will be made only by means of a prospectus, which is currently expected to be mailed in April.
 An aggregate of 4,266,996 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.
 A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor many offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration qualification under the securities laws of any such state.
 -0- 2/25/92
 /CONTACT: Ronald E. Robison at TCW Funds Management Inc., 213-244-0222/ CO: TCW Funds Management Inc. ST: California IN: FIN SU:


CH-AL -- LA019 -- 2363 02/25/92 12:45 EST
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Publication:PR Newswire
Date:Feb 25, 1992
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