GDL FUND — Director's Dealing 2009

Sep 21, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gabelli Global Deal Fund (GDL.A)
CIK: 0001378701
Period of Report: 2009-09-17

Reporting Person: GABELLI MARIO J (Director)
Reporting Person: GAMCO INVESTORS, INC. ET AL (Owner of Advisor)
Reporting Person: GGCP, INC. (Majority Shareholder of GAMCO)
Reporting Person: GABELLI SECURITIES INC (Majority owned subsidiary.)
Reporting Person: MJG IV LIMITED PARTNERSHIP (Limited Partnership)
Reporting Person: GPJ Retirement Partners, LLC (Limited Liability Company)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-21	Series A Cumulative Callable Preferred Shares	S	630	$52.87	Disposed	40824	Indirect
2009-09-17	Series A Cumulative Callable Preferred Shares	S	2700	$52.84	Disposed	38124	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Cumulative Callable Preferred Shares	103337	Indirect
Series A Cumulative Callable Preferred Shares	717	Indirect
Series A Cumulative Callable Preferred Shares	115600	Indirect
Series A Cumulative Callable Preferred Shares	140000	Indirect
Series A Cumulative Callable Preferred Shares	310166	Direct

Footnotes

F1: These shares are owned by GPJ Retirement Partners, LLC, a limited liability company. Mr. Gabelli has less than a 100% interest in the entity and disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest.

F2: These shares are owned by GAMCO Investors, Inc. (GAMCO). Mr. Gabelli and GGCP, Inc. (GGCP) have less than a 100% interest in this entity and disclaim beneficial ownership of the shares held by this entity which are in excess of their indirect pecuniary interests.

F3: These shares are owned by Gabelli Securities, Inc. (GSI) a majority owned subsidiary of GAMCO. Mr. Gabelli, GAMCO, and GGCP have less than a 100% interest in GSI and disclaim beneficial ownership of the shares held by GSI which are in excess of their indirect pecuniary interests.

F4: These shares are owned by GGCP. Mr. Gabelli has less than a 100% interest in this entity. Mr. Gabelli hereby disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest.

F5: These shares are owned by MJG IV Limited Partnership a limited partnership for which Mr. Gabelli serves as a general partner. Mr. Gabelli has less than a 100% interest in the entity and disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest.