GDL FUND — Director's Dealing 2011

Apr 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GDL FUND (GDL.B)
CIK: 0001378701
Period of Report: 2011-04-15

Reporting Person: ALPERT BRUCE N (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-15	Preferred Shares	P	2604	$50	Acquired	2604	Direct

Footnotes

F1: The reporting person acquired 2,325 preferred shares through the exercise of preferred share purchase rights and an additional 279 preferred shares through a pro-rata oversubscription allocation.