LOS ANGELES, CA, Nov. 22 /PRNewswire-FirstCall/ -- TCW Convertible Securities Fund, Inc. (CVT) announced today that shareholders have approved an amendment to the Investment Advisory Management Agreement between the CVT and TCW Investment Management Company (TCW). Expenses for the solicitation of shareholder votes on this proposal, since the previous adjournment, were paid by TCW and not by the Fund. The changes were made as part of a series of proposals aimed at providing additional flexibility to the Fund to enhance shareholder value and reduce the Fund's discount to net asset value (NAV). Other proposals, approved previously, include: - Expanding the Fund's ability to employ leverage to the extent permitted by the Investment Company Act of 1940; - Expanding the types of securities in which the Fund can invest; and, - Expanding the Fund's ability to generate income through the use of call options. The proposals were first presented to the Fund's annual meeting on September 29th, 2005. The meeting was adjourned to provide additional time for the Fund to solicit shareholder support for these proposals. A detailed discussion of all of the proposals is included in the proxy statement dated July 25, 2005. CVT is a closed-end fund listed on the New York Stock Exchange. The Fund began operations in March 1987 and currently has net assets of approximately $257 million. For further information: Michael Utley (213) 244-0975 DATASOURCE: TCW Convertible Securities Fund, Inc. CONTACT: Michael Utley, (213) 244-0975

Copyright