GDL FUND — Director's Dealing 2013

Oct 10, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GDL FUND (GDL.B)
CIK: 0001378701
Period of Report: 2013-10-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-08	Series B Cumulative Puttable and Callable Preferred Shares	S	190000	$50.18	Disposed	260148	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series B Cumulative Puttable and Callable Preferred Shares	105000	Indirect

Footnotes

F1: The shares reported were sold through a cross trade.

F2: The shares reported reflect the total shares owned by E3M, LLC for which Mario J. Gabelli serves as a member.