Welcome to our dedicated page for GDL Fund news (Ticker: GDL), a resource for investors and traders seeking the latest updates and insights on GDL Fund stock.
The GDL Fund (NYSE: GDL) is a diversified, closed-end management investment company that focuses on achieving absolute returns in various market conditions without excessive risk of capital. Managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc., the Fund emphasizes merger arbitrage transactions and selected corporate reorganizations involving stubs, spin-offs, and liquidations.
This news page aggregates official announcements and press releases related to The GDL Fund. Readers can follow updates from the Fund’s Board of Trustees on quarterly cash distributions to common shareholders and annual distributions of realized net long-term capital gains. The Fund’s communications regularly explain how distributions may include components such as net investment income, net capital gains, and return of capital, along with estimates of the mix for specific years.
Coverage also includes details on distribution policies, changes or confirmations of dividend rates on preferred share classes, and explanations of how factors like asset mix and the use of merger arbitrage strategies can influence income available for distribution. For preferred shareholders, news items may describe dividend rates, put and call features, and key dates associated with preferred share terms.
Investors and researchers can use this page to review historical and recent Fund announcements regarding distributions, tax characterization estimates, and other Board decisions affecting shareholders. By consulting these updates, users gain insight into how The GDL Fund applies its stated strategy, manages its distribution practices, and communicates important information about its closed-end fund structure and capital policies.
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The GDL Fund (NYSE:GDL) has announced a cash distribution of $0.12 per share, set to be paid on March 24, 2023, to common shareholders on record as of March 17, 2023.
The fund’s distribution policy includes monitoring net asset value and adapting to market conditions, with annual distributions stemming from realized long-term capital gains and quarterly income distributions. Distributions may include return of capital and are subject to modification by the Board of Trustees. For 2023, the distribution is expected to be entirely from paid-in capital, designated to impact the cost basis for shareholders.
The GDL Fund (NYSE:GDL) has declared a cash distribution of
Summary not available.
The GDL Fund (NYSE:GDL) has declared a cash distribution of
GAMCO Investors reported strong Q1 2022 results, with a net income of $17.5 million, up $1.5 million year-over-year. GAAP earnings per share increased to $0.66 from $0.59 in Q1 2021. Revenues rose to $69.6 million, driven by growth in investment advisory fees. GAMCO ended the quarter with $131.5 million in cash and investments. The firm continued its commitment to ESG initiatives and launched new semi-transparent ETFs focused on sustainability and automation. Additionally, shareholders have designated $48 million in charitable contributions since 2013, showcasing corporate responsibility.
The GDL Fund (NYSE:GDL) has announced the issuance of 3,500,000 Series E Cumulative Term Preferred Shares with a liquidation value of $10 each, totaling $35 million. These shares have a mandatory redemption date of March 26, 2025, and are callable starting March 26, 2024. Distributions will be 4.00% until March 26, 2023, and 4.25% thereafter, paid quarterly from June 26, 2022. The Fund, managed by Gabelli Funds, LLC, aims for absolute returns while managing risk, with total net assets of $212 million.
The GDL Fund (NYSE:GDL) has announced a cash distribution of $0.12 per share for common shareholders, payable on March 24, 2022, with a record date of March 17, 2022. The Board of Trustees will monitor distribution levels based on net asset value and market conditions. Distributions may include a return of capital, not subject to taxation, which will be detailed to shareholders in early 2023 via Form 1099-DIV. The GDL Fund, managed by Gabelli Funds, has total net assets of $179 million and aims for absolute returns while minimizing capital risk.
The GDL Fund (NYSE:GDL) announced a cash distribution of $0.12 per share, payable on December 17, 2021, to shareholders of record as of December 10, 2021. The Fund emphasizes that this distribution rate should not be viewed as a definitive yield or total return. It may include return of capital components, which reduce shareholders' cost basis. The Fund's distributions will vary and depend on various factors, including investment income and capital gains.
As of now, the GDL Fund holds $182 million in total net assets, aiming for absolute returns while minimizing capital risk.
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