GDL

GDL Fund
GDL

$8.03

0.5%

Market Cap: $95.3M

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.

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 2

13% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 8

7% more funds holding

Funds holding: 27 [Q1] → 29 (+2) [Q2]

2.32% less ownership

Funds ownership: 37.07% [Q1] → 34.75% (-2.32%) [Q2]

21% less capital invested

Capital invested by funds: $40.8M [Q1] → $32.3M (-$8.51M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for GDL.

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Financial journalist opinion

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

GDL Trades At A 20% Discount To NAV Despite A Track Record Of Outperformance

Gabelli Global Deal Fund is a closed-end fund managed by Mario Gabelli's GAMCO investment complex and focused on merger arbitrage. GDL has a strong investment track record, consistently outperforming its benchmark and other merger arbitrage-focused ETFs. The fund currently trades at a 20%+ discount to its net asset value, offering the potential for higher forward returns.

GDL Trades At A 20% Discount To NAV Despite A Track Record Of Outperformance

GDL: Profit From Merger Arbitrage

Closed-end fund IPOs are terrible. But they can lead to big discounts. Never pay full price but grab the sales.

GDL: Profit From Merger Arbitrage

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

RYE, N.Y., Nov. 16, 2023 (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 22, 2023 to common shareholders of record on December 15, 2023.

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

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