The GDL Fund Declares First Quarter Distribution, Payable on March 21, 2024
February 14, 2024 at 08:14 am EST
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The Board of Trustees of The GDL Fund declared a $0.12 per share cash distribution payable on March 21, 2024 to common shareholders of record on March 14, 2024. The Board of Trustees will continue to monitor the Fund?s distribution level, taking into consideration the Fund?s net asset value and the financial market environment.
The GDL Fund (the Fund) is a diversified closed-end management investment company. The Fund's primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The Fund will seek to achieve its objective by investing primarily in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations. The Fund will invest at least 80% of its assets in securities or hedging arrangements relating to companies involved in corporate transactions or reorganizations, giving rise to the possibility of realizing gains upon or within relatively short periods of time after the completion of such transactions or reorganizations. It has investment in sectors, including financial services, energy and utilities, semiconductors, food and beverage, healthcare, wireless communications, automotive and cable and satellite. The Fund's advisor is Gabelli Funds, LLC.
THE GDL FUND 
