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GDL FUND Director's Dealing 2010

Sep 3, 2010

34212_dirs_2010-09-03_94cbcba9-7516-48bb-819d-de2275466756.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: 2010-09-01

Reporting Person: GABELLI MARIO J (Director, Controlling Person of Advisor)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-09-01 Common Shares P 1000 $13.8 Acquired 73453 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 1126613 Indirect
Common Shares 89859 Indirect
Common Shares 29517 Indirect
Common Shares 19749 Indirect
Common Shares 7174 Indirect

Footnotes

F1: These shares are owned by GAMCO Investors, Inc. (GAMCO). Mario J. Gabelli is the Chairman, Chief Executive Officer, and controlling shareholder of GAMCO. Mr. Gabelli has less than a 100% interest in GAMCO and disclaims beneficial ownership of the shares held by it, which are in excess of their indirect pecuniary interests.

F2: These shares are owned by GGCP, Inc. (GGCP). Mr. Gabelli is the Chief Executive Officer, a director, and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by it, which are in excess of his indirect pecuniary interest.

F3: 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.

F4: 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.

F5: These shares are owned by Gabelli Securities, Inc. (GSI) a majority owned subsidiary of GAMCO. Mr. Gabelli, has less than a 100% interest in GSI and disclaims beneficial ownership of the shares held by GSI which are in excess of his indirect pecuniary interests.