{"id":732537,"date":"2023-02-17T07:57:03","date_gmt":"2023-02-17T12:57:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/"},"modified":"2023-02-17T07:57:03","modified_gmt":"2023-02-17T12:57:03","slug":"the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/","title":{"rendered":"The GDL Fund Declares First Quarter Distribution of $0.12 Per Share"},"content":{"rendered":"

<\/p>\n

The GDL Fund Declares First Quarter Distribution of $0.12 Per Share<\/b><\/p>\n

RYE, N.Y.–(BUSINESS WIRE<\/a>)–
\nThe Board of Trustees of The GDL Fund (NYSE:GDL) (the \u201cFund\u201d) declared a $0.12 per share cash distribution payable on March 24, 2023 to common shareholders of record on March 17, 2023.\n<\/p>\n

\nThe Board of Trustees will continue to monitor the Fund\u2019s distribution level, taking into consideration the Fund\u2019s net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.\n<\/p>\n

\nThe Fund makes annual distributions of its realized net long-term capital gains and quarterly cash distributions of all or a portion of its investment company taxable income to common shareholders. A portion of the distribution may be a return of capital and various factors will affect the level of the Fund\u2019s income, such as its asset mix and use of merger arbitrage strategies. To permit the Fund to maintain more stable distributions, the Fund may distribute more than the entire amount of income earned in a particular period. Because the Fund\u2019s current quarterly distributions are subject to modification by the Board of Trustees at any time and the Fund\u2019s income will fluctuate, there can be no assurance that the Fund will pay distributions at a particular rate or frequency.\n<\/p>\n

\nIf the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund\u2019s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder\u2019s original investment, it is generally not taxable and would be treated as a reduction in the shareholder\u2019s cost basis.\n<\/p>\n

\nShort-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Long-term capital gains, if any, are distributed in the final distribution of the year. Based on the accounting records of the Fund currently available, the current distribution paid to common shareholders for 2023 would be deemed 100% from paid-in capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com<\/a>). The final determination of the sources of all distributions in 2023 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund\u2019s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2023 distributions in early 2024 via Form 1099-DIV.\n<\/p>\n

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing<\/i>. For more information regarding the Fund\u2019s distribution policy and other information about the Fund, call:<\/i><\/p>\n

Laurissa Martire
\n
<\/i>(914) 921-5399<\/i><\/p>\n

About The GDL Fund<\/b><\/p>\n

\nThe GDL Fund is a diversified, closed-end management investment company with $200 million in total net assets whose investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).\n<\/p>\n

\nNYSE \u2013 GDL
\n
CUSIP \u2013 361570104\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230217005200\/en\/<\/a><\/span><\/p>\n

Laurissa Martire
\n<\/i>
(914) 921-5399<\/i><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Other Professional Services Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

The GDL Fund Declares First Quarter Distribution of $0.12 Per Share RYE, N.Y.–(BUSINESS WIRE)– The Board of Trustees of The GDL Fund (NYSE:GDL) (the \u201cFund\u201d) declared a $0.12 per share cash distribution payable on March 24, 2023 to common shareholders of record on March 17, 2023. The Board of Trustees will continue to monitor the Fund\u2019s distribution level, taking into consideration the Fund\u2019s net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund. The Fund makes annual distributions of its realized net long-term capital gains and quarterly cash distributions of all or a portion of its investment company taxable income to common shareholders. … <\/p>\n

Continue reading “The GDL Fund Declares First Quarter Distribution of $0.12 Per Share”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-732537","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe GDL Fund Declares First Quarter Distribution of $0.12 Per Share - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The GDL Fund Declares First Quarter Distribution of $0.12 Per Share - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The GDL Fund Declares First Quarter Distribution of $0.12 Per Share RYE, N.Y.–(BUSINESS WIRE)– The Board of Trustees of The GDL Fund (NYSE:GDL) (the \u201cFund\u201d) declared a $0.12 per share cash distribution payable on March 24, 2023 to common shareholders of record on March 17, 2023. The Board of Trustees will continue to monitor the Fund\u2019s distribution level, taking into consideration the Fund\u2019s net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund. The Fund makes annual distributions of its realized net long-term capital gains and quarterly cash distributions of all or a portion of its investment company taxable income to common shareholders. … Continue reading "The GDL Fund Declares First Quarter Distribution of $0.12 Per Share"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-17T12:57:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230217005200r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"The GDL Fund Declares First Quarter Distribution of $0.12 Per Share\",\"datePublished\":\"2023-02-17T12:57:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\\\/\"},\"wordCount\":623,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230217005200r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\\\/\",\"name\":\"The GDL Fund Declares First Quarter Distribution of $0.12 Per Share - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230217005200r1&sid=flmnd&distro=nx&lang=en\",\"datePublished\":\"2023-02-17T12:57:03+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230217005200r1&sid=flmnd&distro=nx&lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230217005200r1&sid=flmnd&distro=nx&lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The GDL Fund Declares First Quarter Distribution of $0.12 Per Share\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The GDL Fund Declares First Quarter Distribution of $0.12 Per Share - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/","og_locale":"en_US","og_type":"article","og_title":"The GDL Fund Declares First Quarter Distribution of $0.12 Per Share - Market Newsdesk","og_description":"The GDL Fund Declares First Quarter Distribution of $0.12 Per Share RYE, N.Y.–(BUSINESS WIRE)– The Board of Trustees of The GDL Fund (NYSE:GDL) (the \u201cFund\u201d) declared a $0.12 per share cash distribution payable on March 24, 2023 to common shareholders of record on March 17, 2023. The Board of Trustees will continue to monitor the Fund\u2019s distribution level, taking into consideration the Fund\u2019s net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund. The Fund makes annual distributions of its realized net long-term capital gains and quarterly cash distributions of all or a portion of its investment company taxable income to common shareholders. … Continue reading \"The GDL Fund Declares First Quarter Distribution of $0.12 Per Share\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/","og_site_name":"Market Newsdesk","article_published_time":"2023-02-17T12:57:03+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230217005200r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"The GDL Fund Declares First Quarter Distribution of $0.12 Per Share","datePublished":"2023-02-17T12:57:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/"},"wordCount":623,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230217005200r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/","name":"The GDL Fund Declares First Quarter Distribution of $0.12 Per Share - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230217005200r1&sid=flmnd&distro=nx&lang=en","datePublished":"2023-02-17T12:57:03+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230217005200r1&sid=flmnd&distro=nx&lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230217005200r1&sid=flmnd&distro=nx&lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gdl-fund-declares-first-quarter-distribution-of-0-12-per-share\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"The GDL Fund Declares First Quarter Distribution of $0.12 Per Share"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/732537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=732537"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/732537\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=732537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=732537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=732537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}