Christina A. Peeney

About Christina A. Peeney

Christina A. Peeney (born 1969) serves as a Director of The Gabelli Convertible and Income Securities Fund Inc. (GCV) and is classified as an “interested person” under the Investment Company Act due to a direct or indirect beneficial interest in the Adviser; she joined the Board on February 13, 2024 and her term runs until the 2027 Annual Meeting unless a successor is elected . Her background includes roles as Adjunct Professor in the Business and Computer Science Department at Middlesex County College (Edison, NJ) and Analyst at Amabile Partners; previously Auditor at Ernst & Young and Senior Account Executive at Prudential Investments Retirement Services; she holds a BA from Rutgers University and an MBA in Finance from Fordham University’s Gabelli School of Business .

Past Roles

External Roles

Board Governance

• Board composition: 13 Directors; 10 are Independent; Ms. Peeney is one of three “interested” Directors (with Thomas H. Dinsmore and Agnes Mullady) .
• Committee memberships: Audit Committee (Enright—Chair, Birch, Zizza); Nominating Committee (Colavita—Chair, Zizza, Roeder); Ms. Peeney is not listed as a member of these committees .
• Lead Independent Director: Anthonie C. van Ekris .
• Attendance: In FY 2024 (year ended Sep 30, 2024), the Board met four times and each Director then serving attended at least 75% of Board and applicable committee meetings .
• Shareholder meeting engagement: The Fund does not expect Directors to attend the Annual Meeting; no Directors or nominees attended the May 13, 2024 meeting .
• Fund-complex oversight: Ms. Peeney oversees 3 portfolios within the Gabelli Fund Complex .

Fixed Compensation

Program (Fund-level director compensation framework):

• Annual retainer: $3,000; Board meeting fee: $750 per meeting; Committee meeting fee: $500 per meeting; Audit Committee Chair: $3,000 annually; Nominating Committee Chair: $2,000 annually; Lead Independent Director: $1,000 annually .

Fund-level compensation for Ms. Peeney (FY basis, The Gabelli Convertible and Income Securities Fund Inc.):

Fund Complex compensation for Ms. Peeney (calendar basis, across the Gabelli Fund Complex):

Notes:

• FY 2023 reflects GCV’s fiscal year ended September 30, 2023; Ms. Peeney joined the Board on February 13, 2024 .
• The Fund’s FY 2024 aggregate remuneration to all such Directors was $78,396 (GCV-wide context) .

Performance Compensation

• No performance-based compensation (bonuses, PSUs, RSUs, options, performance metrics) for Directors is disclosed; director pay is cash-based via retainers and meeting fees .
• No Director equity award structures, vesting schedules, clawbacks, CIC provisions, or gross-ups are disclosed for Directors .

Other Directorships & Interlocks

Context:

• Multiple Directors serve on boards of other funds that may be deemed under common control with the Adviser; Ms. Peeney oversees 3 portfolios in the Fund Complex (not listed as other public company boards) .

Expertise & Qualifications

• Education: BA, Rutgers University; MBA in Finance, Gabelli School of Business (Fordham University) .
• Technical/functional background: Audit (Ernst & Young), investments/retirement services, academia, and investment analysis .
• Fund-complex oversight breadth: 3 portfolios .

Equity Ownership

Dollar range and beneficial holdings:

Section 16 compliance:

• Based on Forms 3/4 review, compliance was noted; 2023 proxy flagged one late Form 4 by Mario J. Gabelli, not by Ms. Peeney ; 2024 proxy indicates compliance for the year ended September 30, 2024 .

Governance Assessment

• Independence and potential conflicts: Ms. Peeney is an “interested” Director due to a direct/indirect beneficial interest in the Adviser; this status can create perceived alignment risks versus independent oversight expectations .
• Ownership alignment: No Fund holdings (A = None) and zero beneficially owned shares as of year-end, suggesting limited “skin in the game” for director-level alignment .
• Committee oversight exposure: Not listed on Audit or Nominating Committees, which are key governance bodies; committee roles are held by Independent Directors .
• Engagement signal: Board does not expect Directors to attend Annual Meetings and none attended in 2024; this may be viewed as weak shareholder engagement .
• Breadth vs. focus: Oversees 3 portfolios in the Gabelli Fund Complex; multi-fund responsibilities can diversify perspectives but may diffuse focus on GCV-specific oversight .

Red flags and investor considerations:

• RED FLAG: Interested Director status tied to Adviser; raises ongoing conflict-of-interest perception for portfolio oversight and governance independence .
• RED FLAG: No GCV ownership and none in the Fund Complex; potential misalignment with shareholder interests where ownership is often a confidence signal .
• RED FLAG: Annual Meeting non-attendance pattern; low external engagement can undermine investor confidence in board accessibility .

Board context:

• Independent majority (10 of 13) and presence of a Lead Independent Director (van Ekris) provide structural counterweights; robust Audit/Nominating committees staffed by Independent Directors, and Audit Financial Expert designation (Enright) support oversight quality .