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GDL FUND Director's Dealing 2022

Oct 19, 2022

34212_dirs_2022-10-19_beb3309e-15da-47d7-83d2-47d3a6a6365a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GDL FUND (GDL.E)
CIK: 0001378701
Period of Report: 2022-10-17

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
2022-10-17 Series E Cumulative Preferred Shares S 200000 $10 Disposed 0 Indirect
2022-10-17 Series E Cumulative Preferred Shares P 200000 $10 Acquired 500000 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Series E Cumulative Preferred Shares 300000 Indirect
Series E Cumulative Preferred Shares 240000 Indirect
Series E Cumulative Preferred Shares 200000 Indirect

Footnotes

F1: Shares traded in a private transaction between related accounts

F2: The shares being reported are held at E3M 2018, LLC, in which Mr. Gabelli has less than a 100% interest and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

F3: The shares reported reflect the total shares owned by GAMCO Investors, Inc. (GAMCO). Mario J. Gabelli is the Chairman, Chief Executive Officer, and controlling shareholder of GAMCO. Mr. Gabelli has less than a 100% interest in GAMCO and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

F4: The shares reported reflect the total shares owned by Associated Capital Group, Inc. (AC). Mario J. Gabelli is the Executive Chair and controlling shareholder of AC. Mr. Gabelli has less than a 100% interest in AC and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

F5: The shares reported reflect the total shares owned by GGCP, Inc. (GGCP). Mario J. Gabelli is the Chief Executive Officer, a director, and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.