GDL

GDL Fund

GDL

Market cap $94.3M

Overview Fund Activity

8.42 USD

0.00

0%

At close Updated Sep 18, 4:00 PM EDT

1 day

0%

5 days

-2.32%

1 month

0.36%

3 months

1.57%

6 months

1.32%

Year to date

4.73%

1 year

4.86%

5 years

0.24%

10 years

-15.29%

About: GDL Fund is a diversified closed-end management investment company. Its primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The fund seeks to achieve its objective by investing in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

100% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 5

23% more funds holding

Funds holding: 22 [Q1] → 27 (+5) [Q2]

1.16% more ownership

Funds ownership: 42.35% [Q1] → 43.52% (+1.16%) [Q2]

4% more capital invested

Capital invested by funds: $39.2M [Q1] → $40.8M (+$1.62M) [Q2]

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Financial journalist opinion

The GDL Fund Declares Third Quarter Distribution of $0.12 Per Share

RYE, N.Y., Aug. 21, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on September 23, 2025 to common shareholders of record on September 16, 2025.

The GDL Fund Declares Third Quarter Distribution of $0.12 Per Share

Closed-End Funds: Screening For Potential Opportunities To Kick Off H2 2025

We closed out the first half of 2025, making it an appropriate time to give the overall CEF space a fresh look for potential opportunities. As the broader equity indexes have been performing quite well, discounts in the CEF space have narrowed overall. The best relative value more broadly is in the municipal bond space and the "hybrid" funds.

Closed-End Funds: Screening For Potential Opportunities To Kick Off H2 2025

The GDL Fund Declares Second Quarter Distribution of $0.12 Per Share

RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on June 23, 2025 to common shareholders of record on June 13, 2025.

The GDL Fund Declares Second Quarter Distribution of $0.12 Per Share

The GDL Fund Declares First Quarter Distribution of $0.12 Per Share

RYE, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on March 24, 2025 to common shareholders of record on March 17, 2025.

The GDL Fund Declares First Quarter Distribution of $0.12 Per Share

Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025

The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have seen significantly narrowed discounts along with taxable fixed-income, though municipal bond funds look relatively attractive after widening discounts in December. We are screening for funds with the deepest discounts and widest z-scores to find potential buys and funds that may be getting a bit pricey as sell candidates.

Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025

The GDL Fund Declares Fourth Quarter Distribution of $0.12 Per Share

RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on December 20, 2024 to common shareholders of record on December 13, 2024.

The GDL Fund Declares Fourth Quarter Distribution of $0.12 Per Share

The GDL Fund Declares Third Quarter Distribution of $0.12 Per Share

RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on September 23, 2024 to common shareholders of record on September 16, 2024.

The GDL Fund Declares Third Quarter Distribution of $0.12 Per Share

GDL: Forget The Discount To NAV, This Fund Has Not Delivered

GDL Fund is an equity merger arbitrage CEF with a large discount to NAV, underperforming and failing to beat simple money market investments. Merger arbitrage involves betting on binary outcomes in announced mergers, subject to regulatory approvals, with GDL showing a disappointing performance. The widening discount to NAV is justified by the fund's poor performance and high risk-free rates, unlikely to narrow without significant changes or improved results.

GDL: Forget The Discount To NAV, This Fund Has Not Delivered

The GDL Fund Declares Second Quarter Distribution of $0.12 Per Share

RYE, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on June 21, 2024 to common shareholders of record on June 13, 2024.

The GDL Fund Declares Second Quarter Distribution of $0.12 Per Share

The GDL Fund Declares First Quarter Distribution of $0.12 per Share

RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on March 21, 2024 to common shareholders of record on March 14, 2024.

The GDL Fund Declares First Quarter Distribution of $0.12 per Share

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