GDL FUND — Director's Dealing 2010

Jun 24, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gabelli Global Deal Fund (GDL.A)
CIK: 0001378701
Period of Report: 2010-06-22

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
2010-06-22	Series A Cumulative Callable Preferred Shares	S	1600	$53.03	Disposed	54400	Indirect
2010-06-23	Series A Cumulative Callable Preferred Shates	S	3602	$53.01	Disposed	50798	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Cumulative Callable Preferred Shares	378764	Direct
Series A Cumulative Callable Preferred Shares	115000	Indirect
Series A Cumulative Callable Preferred Shares	103337	Indirect
Series A Cumulative Callable Preferred Shares	717	Indirect

Footnotes

F1: These shares are owned by MJG IV Limited Partnership a limited partnership for which Mr. Mario J. 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.

F2: These shares are owned by GGCP, Inc. (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.

F3: These shares are owned by GAMCO Investors, Inc. (GAMCO). Mr. Gabelli and 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.

F4: These shares are owned by Gabelli Securities, Inc. (GSI) a majority owned subsidiary of GAMCO Investors. 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.