GDL FUND — Director's Dealing 2020

Jan 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GDL FUND (GDL.C)
CIK: 0001378701
Period of Report: 2020-01-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-06	Series C Cumulative Puttable and Callable Preferred Shares	S	741	$50.86	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Series C Cumulative Puttable and Callable Preferred Shares	218400	Direct
Series C Cumulative Puttable and Callable Preferred Shares	45000	Indirect

Footnotes

F1: The shares reported reflect the total shares owned by a trust account established by Mario J. Gabelli.

F2: E3M 2016, LLC is a limited liability company. Mr. Gabelli has less than a 100% interest in E3M 2016 and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.