GDL Fund:GDL

    Manage Alerts

    Overview

    As of 7/3/2022. NAV as of 7/1/2022.

     Share
    Price
    NAVPremium/
    Discount
    Current$8.16$10.04-18.73%
    52 Wk Avg$8.81$10.52-16.32%
    52 Wk High$9.26$10.74-13.90%
    52 Wk Low$7.92$9.85-20.31%
    Regular Distribution TypeManaged Distribution
    Distribution Rate5.88%
    Distribution Amount$0.1200
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund will seek to achieve its objective by investing primarily in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations. The Fund will invest at least 80% of its assets, under normal market conditions, in securities or hedging arrangements relating to companies involved in corporate transactions or reorganizations, giving rise to the possibility of realizing gains upon or within relatively short periods of time after the completion of such transactions or reorganizations.

    Capital Structure

    As of 7/3/2022

    Total Investment Exposure:$173.305M
    Total Common Assets:$138.859M
    Common Shares Outstanding:13,830,557
    Leverage

    As of 7/1/2022

    Preferred Share Assets: $34.447M
    Total Debt (USD):
    Regulatory Leverage (USD): $34.447M
    Effective Leverage (USD): $34.447M
    Effective Leverage (%): 19.88%
    Annual Expense Ratios

    As of 12/31/2021

      Per Common Share
    Management Fees1.12%
    Other Expenses:1.01%
    Baseline Expense: N/A
    Interest Expense:0.75%
    Total: 2.89%
    Fund Management

    Fund Sponsor
    Gabelli

    Portfolio Managers
    Willis Brucker, Regina M Pitaro

    Basics
    Category: Hybrid-U.S. Allocation
    Ticker: GDL
    NAV Ticker: XGDLX
    Average Daily Volume (shares): 13,008
    Average Daily Volume (USD): $0.113M
    Inception Date: 1/25/2007
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 7/3/2022

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 12/31/2021
    -$0.1168
    Annualized Distribution Rate on NAV:
    As of 7/3/2022
    4.78%
    Total Return on NAV (12 months):
    As of 7/3/2022
    -2.39%
    Total % Portfolio Effectively Leveraged:
    As of 7/3/2022
    19.88%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 7/4/2022

    PeriodAvg Discount
    6 Month-17.12%
    1 Year-16.32%
    3 Year-18.01%
    5 Year-17.27%
    Z-Score

    As of 7/4/2022

    PeriodZStat
    3 Month-0.28
    6 Month-0.75
    1 Year-1.42
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2022
    Category: Morningstar US CEF US Allocation

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-5.40%-2.85%-17.29%-14.63%
    20218.01%2.72%25.66%17.24%
    2020-0.91%0.83%0.91%6.36%
    20195.86%5.15%29.77%22.10%
    2018-1.58%-1.85%-8.36%-4.98%
    20174.71%2.50%21.52%14.50%
    20164.86%5.09%17.59%13.14%
    20154.24%3.95%-9.73%-7.35%
    2014-0.03%0.94%11.82%9.17%
    20137.81%6.31%19.53%19.58%
    20127.74%4.44%13.72%13.14%
    2011-2.47%1.26%1.24%3.22%
    20101.73%3.27%15.07%13.03%
    200920.21%5.70%  
    2008-8.45%-4.06%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 6/30/2022
    Category: Morningstar US CEF US Allocation

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 3/31/2022
    159
    Annual Portfolio Turnover:
    As of 12/31/2021
    329.00%
    Asset Allocation

    As of 3/31/2022

    Top Sectors

    As of 3/31/2022

    Sector%Portfolio
    Cash Equivalents (Super Sector)60.54%
    Cash Equivalents60.54%
    Sensitive (Super Sector)20.46%
    Cyclical (Super Sector)9.94%
    Industrials8.93%
    Technology7.67%
    Defensive (Super Sector)6.88%
    Financial Services4.05%
    Communication Services3.59%
    Utilities3.20%
    Top Holdings

    As of 3/31/2022

    HoldingValue% Portfolio
    United States Treasury Bills 0.06746%$36.84M17.47%
    United States Treasury Bills 0.29128%$34.96M16.58%
    United States Treasury Bills 0.51024%$23.07M10.94%
    United States Treasury Bills 0.40105%$14.47M6.86%
    United States Treasury Bills 0.06699%$5.21M2.47%
    PNM Resources Inc$5.21M2.47%
    Rogers Corp$4.75M2.25%
    United States Treasury Bills 0.28899%$4.70M2.23%
    Ferro Corp$4.46M2.11%
    Aerojet Rocketdyne Holdings Inc$3.94M1.87%
    Maturity Breakdown

    As of 3/31/2022

    Country Allocation

    As of 3/31/2022

    Country% Portfolio
    United States - Equity30.10%
    United Kingdom - Equity1.76%
    Spain - Equity1.26%
    Netherlands - Equity1.15%
    Canada - Equity0.93%
    United States - Fixed Income0.80%
    Germany - Equity0.67%
    Belgium - Equity0.50%
    Switzerland - Equity0.33%
    Sweden - Equity0.27%
    France - Equity0.12%
    Chile - Equity0.12%
    Italy - Equity0.08%
    Finland - Equity0.07%
    China - Equity0.05%
    Japan - Equity0.02%
    Austria - Equity0.01%
    Ireland - Equity0.01%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-2036301PR-E0222X