TCW Convertible Securities Fund Announces Intent To File Registration Statement for Subscription Offer

Apr 19, 2001, 01:00 ET from TCW Convertible Securities Fund, Inc.

    LOS ANGELES, April 19 /PRNewswire/ -- TCW Convertible Securities Fund,
 Inc. (NYSE:   CVT) ("CVT") announced today that it intends to file with the
 Securities and Exchange Commission a Registration statement with respect to a
 proposed subscription offer that will entitle each shareholder to purchase one
 additional share of Common Stock, $.01 par value, of CVT for every four shares
 held on June 22, 2001.  The expected per share subscription price will be the
 greater of net asset value or 90% of the market price.  The offer will be made
 only by means of a prospectus.
     An aggregate of approximately 10,497,839 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 for the rights offering
 will be invested in accordance with the investment policies of CVT.
     A registration statement relating to these securities has not yet been
 filed with the Securities and Exchange Commission or become effective.
 These securities may not be sold nor may 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 but nor shall
 there be any sale of these securities in any state in which such offer,
 solicitation or sale would be unlawful prior to notification under the
 securities laws of any such state.
 
 

SOURCE TCW Convertible Securities Fund, Inc.
    LOS ANGELES, April 19 /PRNewswire/ -- TCW Convertible Securities Fund,
 Inc. (NYSE:   CVT) ("CVT") announced today that it intends to file with the
 Securities and Exchange Commission a Registration statement with respect to a
 proposed subscription offer that will entitle each shareholder to purchase one
 additional share of Common Stock, $.01 par value, of CVT for every four shares
 held on June 22, 2001.  The expected per share subscription price will be the
 greater of net asset value or 90% of the market price.  The offer will be made
 only by means of a prospectus.
     An aggregate of approximately 10,497,839 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 for the rights offering
 will be invested in accordance with the investment policies of CVT.
     A registration statement relating to these securities has not yet been
 filed with the Securities and Exchange Commission or become effective.
 These securities may not be sold nor may 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 but nor shall
 there be any sale of these securities in any state in which such offer,
 solicitation or sale would be unlawful prior to notification under the
 securities laws of any such state.
 
 SOURCE  TCW Convertible Securities Fund, Inc.