GDL FUND — Director's Dealing 2015

Mar 25, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GDL FUND (GDL.B)
CIK: 0001378701
Period of Report: 2015-03-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-25	Series B Cumulative Puttable and Callable Preferred Shares	J	25000	$50	Disposed	0	Indirect

Footnotes

F1: Shares were surrendered in accordance with Right to Put to the Fund up to 100% of Outstanding Series B Cumulative Puttable and Callable Preferred Shares.

F2: The shares reported reflect the total shares owned by a trust account established by Mario J. Gabelli.