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GDL FUND Director's Dealing 2009

Aug 26, 2009

34212_dirs_2009-08-26_e6daaa0b-81b9-4fb2-b2a4-5a7987231cc3.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gabelli Global Deal Fund (GDL)
CIK: 0001378701
Period of Report: 2009-08-24

Reporting Person: GABELLI MARIO J (Director)
Reporting Person: GAMCO INVESTORS, INC. ET AL (Owner of Adviser)
Reporting Person: GGCP, INC. (Majority shareholder of GAMCO)
Reporting Person: GABELLI SECURITIES INC (Majority owned subsidiary of G)
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
2009-08-24 Common Shares P 10000 $14.73 Acquired 1126612.51 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 62269 Direct
Common Shares 7174.2 Indirect
Common Shares 88859.52 Indirect
Common Shares 26789 Indirect
Common Shares 14759 Indirect

Footnotes

F1: The shares reported reflect the total shares owned by GAMCO Investors, Inc. (GAMCO). Mr. Gabelli and GGCP, Inc. (GGCP) have less than a 100% interest in GAMCO and disclaim beneficial ownership of the shares owned by this entity which are in excess of their indirect pecuniary interests.

F2: The shares reported reflect the total shares 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 owned by this entity which are in excess of their indirect pecuniary interests.

F3: The shares reported reflect the total shares owned by GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares owned by this entity which are in excess of his indirect pecuniary interests.

F4: The shares reported reflect the total shares 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 owned by this entity which are in excess of his indirect pecuniary interest.

F5: The shares reported reflect the total shares 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 owned by this entity which are in excess of his indirect pecuniary interest.