The GDL Fund Declares Second Quarter 2022 Distribution, Payable on June 23, 2022
May 13, 2022 at 05:55 pm IST
Share
The Board of Trustees of The GDL Fund declared a $0.12 per share cash distribution for the second quarter of 2022, payable on June 23, 2022 to common shareholders of record on June 15, 2022.
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 
