GDL FUND: Schedule 13G/A Amendment Lists 4.8% Stake

GDL FUND amendment: Focus Partners Wealth filed an Amendment No. 1 to a Schedule 13G/A reporting its ownership position in Common Shares.

Rhea-AI Filing Summary

GDL FUND amendment: Focus Partners Wealth filed an Amendment No. 1 to a Schedule 13G/A reporting its ownership position in Common Shares. The filing lists amount beneficially owned: 0 and a reported ownership percentage of 4.8%. It also shows sole voting power of 530,195 shares as of 05/31/2026.

Insights

Institutional Ownership Specialist

Amendment updates passive ownership details and voting power.

The filing states amount beneficially owned: 0 and a reported ownership percentage of 4.8%, with 530,195 shares shown as sole voting power as of 05/31/2026. This suggests a reporting structure where voting authority is disclosed separately from beneficial ownership.

Cashflow treatment or sale intent is not disclosed in the excerpt; subsequent filings would be needed for changes in holdings or transfers.

Compliance & SEC Reporting Analyst

Document is an amendment to a beneficial ownership schedule, confirming control metrics.

The schedule identifies the filer as Focus Partners Wealth (Missouri) and provides precise voting and dispositive power counts: sole voting power 530,195, shared voting and dispositive powers 0. The form is signed and dated 06/08/2026.

Filing mechanics appear routine: it enumerates voting and disposition powers and reports ownership of 5% or less of the class per Item 5.

Key Figures

Percent ownership: 4.8% Sole voting power: 530,195 shares Amount beneficially owned: 0 +2 more

5 metrics

Percent ownership 4.8% reported ownership percentage

Sole voting power 530,195 shares sole power to vote as stated in Item 4(c)(i)

Amount beneficially owned 0 Item 4(a) amount beneficially owned

CUSIP 361570104 Common Shares CUSIP shown on cover

Filing signature date 06/08/2026 signature date for the amendment

Key Terms

Schedule 13G/A, Beneficially owned, Sole voting power

3 terms

Schedule 13G/A regulatory

"Amendment No. 1 to a Schedule 13G/A reporting ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficially owned financial

"Item 4(a) Amount beneficially owned: 0"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole voting power regulatory

"Sole power to vote or to direct the vote: 530,195"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ownership did Focus Partners Wealth report for GDL (GDL)?

Focus Partners Wealth reported amount beneficially owned: 0 with a reported ownership of 4.8%. The filing also lists sole voting power of 530,195 shares as of 05/31/2026, per the amendment.

Does the amendment show voting or dispositive power for Focus Partners Wealth?

Yes. The amendment shows sole voting power of 530,195 shares and shared voting and dispositive powers of 0. The filing lists no sole dispositive power in the excerpt.

What form was filed and who signed the GDL filing?

An Amendment No. 1 to Schedule 13G/A was filed. The signature block shows Vincent J. Gratch, Deputy Chief Compliance Officer, signing on 06/08/2026.

Is Focus Partners Wealth listed as a U.S. entity on the filing?

Yes. The filing lists the filer, Focus Partners Wealth, with citizenship/place of organization as MISSOURI and gives a principal business address in St. Louis, Missouri.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/08/2026 - 10:43 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

GDL FUND

(Name of Issuer)

Common Shares

(Title of Class of Securities)

361570104

(CUSIP Number)

05/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 361570104

1

Names of Reporting Persons

Focus Partners Wealth

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MISSOURI

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 530,195.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GDL FUND
(b)	Address of issuer's principal executive offices: ONE CORPORATE CENTER, RYE, NEW YORK 10580
Item 2.
(a)	Name of person filing: Focus Partners Wealth
(b)	Address or principal business office or, if none, residence: 190 CARONDELET PLAZA SUITE 600 ST LOUIS, Missouri 63105
(c)	Citizenship: Focus Partners Wealth - MISSOURI
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 361570104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 4.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Focus Partners Wealth - 530,195
	(ii) Shared power to vote or to direct the vote: Focus Partners Wealth - 0
	(iii) Sole power to dispose or to direct the disposition of: Focus Partners Wealth - 0
	(iv) Shared power to dispose or to direct the disposition of: Focus Partners Wealth - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Focus Partners Wealth

Signature:	Vincent J. Gratch
Name/Title:	Deputy Chief Compliance Officer
Date:	06/08/2026