GDL FUND — Director's Dealing 2018

Apr 3, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GDL FUND (GDL.B)
CIK: 0001378701
Period of Report: 2018-03-29

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
2018-03-29	Series B Cumulative Puttable and Callable Preferred Shares	J	38600	$50	Disposed	0	Direct
2018-03-29	Series B Cumulative Puttable and Callable Preferred Shares	J	100	$50	Disposed	0	Indirect
2018-03-29	Series B Cumulative Puttable and Callable Preferred Shares	J	450000	$50	Disposed	0	Indirect
2018-03-29	Series B Cumulative Puttable and Callable Preferred Shares	J	500	$50	Disposed	0	Indirect
2018-03-29	Series B Cumulative Puttable and Callable Preferred Shares	J	200	$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 GPJ Retirement Partners, LLC, a limited liability company. 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.

F3: E3M 2016 is a limited liability company owned entirely by Mr. Gabelli.

F4: The shares reported reflect the total shares owned by trust accounts for which Mario J. Gabelli serves as trustee.

F5: Shares were owned by MJG Associates and Gabelli Fund, LDC. MJG Associates provides advisory services to private investment partnerships and offshore funds. Mario Gabelli is the sole shareholder, director and employee of MJG Associates. MJG Associates is the investment adviser of Gabelli Fund, LDC.