GDL
GDL Fund
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 6,810 funds
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Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
14% less funds holding
Funds holding: 29 [Q2] → 25 (-4) [Q3]
14.04% less ownership
Funds ownership: 36.86% [Q2] → 22.83% (-14.04%) [Q3]
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
36% less capital invested
Capital invested by funds: $34.3M [Q2] → $22M (-$12.3M) [Q3]
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Research analyst outlook
We haven’t received any recent analyst ratings for GDL.
Financial journalist opinion
Neutral
GlobeNewsWire
1 month ago
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.
Neutral
GlobeNewsWire
4 months ago
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.
Negative
Seeking Alpha
6 months ago
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.
Neutral
GlobeNewsWire
7 months ago
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.
Neutral
GlobeNewsWire
10 months ago
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.
Positive
Seeking Alpha
11 months ago
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.
Positive
Seeking Alpha
1 year ago
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.
Neutral
GlobeNewsWire
1 year ago
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.
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