The GDL Fund Declares Third Quarter Distribution of $0.12 Per Share
The GDL Fund (NYSE:GDL) has declared a quarterly cash distribution of $0.12 per share, payable on September 23, 2025, to shareholders of record as of September 16, 2025.
The Fund's 2025 distributions composition includes approximately 7% from net investment income, 13% from net capital gains, and 80% deemed as return of capital on a book basis. The Board of Trustees actively monitors the distribution level, considering the Fund's net asset value and market conditions.
The Fund maintains a policy of making annual distributions of realized net long-term capital gains and quarterly distributions of investment company taxable income to common shareholders.
Il GDL Fund (NYSE:GDL) ha dichiarato una distribuzione in contanti trimestrale di $0.12 per azione, pagabile il 23 settembre 2025 agli azionisti registrati al 16 settembre 2025.
La composizione delle distribuzioni del Fondo per il 2025 comprende circa 7% da reddito netto da investimenti, 13% da plusvalenze nette e 80% considerato come rimborso di capitale su base contabile. Il Consiglio di Amministrazione monitora attivamente il livello della distribuzione, tenendo conto del valore patrimoniale netto del Fondo e delle condizioni di mercato.
Il Fondo segue una politica di erogare annualmente le plusvalenze nette realizzate a lungo termine e trimestralmente i redditi imponibili delle società di investimento agli azionisti comuni.
El GDL Fund (NYSE:GDL) ha declarado una distribución trimestral en efectivo de $0.12 por acción, pagadera el 23 de septiembre de 2025 a los accionistas registrados al 16 de septiembre de 2025.
La composición de las distribuciones del Fondo para 2025 incluye aproximadamente 7% de ingresos netos por inversiones, 13% de ganancias de capital netas y 80% considerado como devolución de capital en base contable. La Junta de Síndicos supervisa activamente el nivel de la distribución, teniendo en cuenta el valor patrimonial neto del Fondo y las condiciones del mercado.
El Fondo mantiene la política de repartir anualmente las ganancias netas de capital a largo plazo realizadas y trimestralmente los ingresos imponibles de la sociedad de inversión a los accionistas comunes.
GDL 펀드(NYSE:GDL)는 주당 $0.12의 분기 현금 배당을 선언했으며, 이는 2025년 9월 16일 기준 주주에게 2025년 9월 23일에 지급됩니다.
펀드의 2025년 분배 구성은 회계 기준으로 약 투자순이익 7%, 순자본이득 13%, 그리고 자본 환급으로 간주되는 80%로 이루어져 있습니다. 이사회는 펀드의 순자산가치와 시장 상황을 고려하여 분배 수준을 적극적으로 감독합니다.
펀드는 실현된 장기순자본이득을 연간으로, 투자회사 과세소득을 분기별로 보통주 주주에게 분배하는 정책을 유지하고 있습니다.
Le GDL Fund (NYSE:GDL) a déclaré une distribution trimestrielle en espèces de 0,12 $ par action, payable le 23 septembre 2025 aux actionnaires inscrits au 16 septembre 2025.
La composition des distributions du Fonds pour 2025 comprend, sur une base comptable, environ 7 % provenant des revenus nets d'investissement, 13 % des plus-values nettes et 80 % considérés comme un remboursement de capital. Le conseil d'administration surveille activement le niveau de la distribution en tenant compte de la valeur nette d'inventaire du Fonds et des conditions de marché.
Le Fonds applique une politique de distribution annuelle des plus-values nettes réalisées à long terme et de distributions trimestrielles des revenus imposables de la société d'investissement aux actionnaires ordinaires.
Der GDL Fund (NYSE:GDL) hat eine vierteljährliche Barausschüttung von $0.12 je Aktie angekündigt, zahlbar am 23. September 2025 an die am 16. September 2025 eingetragenen Aktionäre.
Die Zusammensetzung der Ausschüttungen des Fonds für 2025 umfasst auf Buchbasis etwa 7% aus Nettoanlageerträgen, 13% aus Netto-Kapitalgewinnen und 80% als Rückzahlung von Kapital. Der Verwaltungsrat überwacht den Ausschüttungsbetrag aktiv unter Berücksichtigung des Nettoinventarwerts des Fonds und der Marktbedingungen.
Der Fonds verfolgt die Richtlinie, realisierte langfristige Netto-Kapitalgewinne jährlich und steuerpflichtige Erträge der Investmentgesellschaft vierteljährlich an die Stammaktionäre auszuschütten.
- Regular quarterly dividend distribution maintained at $0.12 per share
- Diversified distribution composition including investment income and capital gains
- Board actively monitors and adjusts distribution levels based on market conditions
- 80% of distributions classified as return of capital, which reduces shareholder cost basis
- Distribution rate may not reflect actual dividend yield or total return
- Fund may distribute more than earned income to maintain stable distributions
RYE, N.Y., Aug. 21, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a
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 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. A portion of the distribution may be a return of capital and various factors will affect the level of the Fund’s 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’s current quarterly distributions are subject to modification by the Board of Trustees at any time and the Fund’s income will fluctuate, there can be no assurance that the Fund will pay distributions at a particular rate or frequency.
If 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’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.
Short-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, each of the distributions paid to common shareholders in 2025 would include approximately
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:
Laurissa Martire
(914) 921-5399
About The GDL Fund
The GDL Fund is a diversified, closed-end management investment company with
NYSE – GDL
CUSIP – 361570104
THE GDL FUND
Investor Relations Contact:
Laurissa Martire
(914) 921-5399
lmartire@gabelli.com
FAQ
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