Cable Component unable to convert to static mesh notification

While Ad Hoc the new features for 4.14, I was testing the feature of converting actors to static meshes. I attempting to convert the cable into a static mesh and I went through the windows and nothing happened. It didn't save where I selected and nothing told me that the conversion failed.

1. Open any project
2. Search for Cable in the Modes window
3. Place a Cable Component in the level
4. Right click the cable in the level
5. Select Convert to Static Mesh
6. Select a folder and click OK

Result: Nothing happens

Expected: A notification tells the player that Cables cannot be converted into Static Meshes