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GDL FUND Director's Dealing 2010

Aug 16, 2010

34212_dirs_2010-08-16_29793bf7-8c81-4ce3-acd4-0d04b90dff67.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gabelli Global Deal Fund (GDL.A)
CIK: 0001378701
Period of Report: 2010-08-12

Reporting Person: GABELLI MARIO J (Director, 10% Owner, Control Person of Advisor)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-08-12 Series A Cumulative Callable Preferred Shares S 800 $53.425 Disposed 377964 Direct
2010-08-13 Series A Cumulative Callable Preferred Shares S 400 $53.45 Disposed 377564 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Series A Cumulative Callable Preferred Shares 115000 Indirect
Series A Cumulative Callable Preferred Shares 103337 Indirect
Series A Cumulative Callable Preferred Shares 50798 Indirect
Series A Cumulative Callable Preferred Shares 717 Indirect

Footnotes

F1: These shares are owned by GGCP, Inc. (GGCP). Mr. Mario J. 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.

F2: 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.

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 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.