GDL Fund

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

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 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

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

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

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

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

AllianceBernstein National Municipal Income Fund

BlackRock Health Sciences Trust II

Cornerstone Strategic Value Fund Inc

MFS High Yield Municipal Trust

Cornerstone Total Return Fund Inc

Herzfeld Caribbean Basin Fund Inc

MFS Investment Grade Municipal Trust

Destra Multi-Alternative Fund

DNP Select Income Fund Inc

BlackRock Enhanced Government Fund

Eaton Vance

Aberdeen Global Income Fund

First Trust Energy Infrastructure Fund

FS Credit Opportunities Corp

Sprott Focus Trust

Gabelli Dividend & Income Trust

Gabelli Multimedia Trust

Guggenheim Strategic Opportunities Fund

Gabelli Utility Trust

John Hancock Hedged Equity & Income Fund

Highland Income Fund

Highland Global Credit Allocation Fund.

Closed-End Funds: Revisiting Valuations As We End Q3 2023

Bancroft Fund Ltd

Center Coast Brookfield MLP & Energy Infrastructure Fund

ClearBridge Energy MLP Total Return Fund Inc

Western Asset Mortgage Opportunity Fund

Blackrock ESG Capital Allocation Trust

Eagle Point Credit

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eaton Vance Enhanced Equity Income Fund II

First Trust Dynamic Europe Equity Income Fund

Voya Global Advantage and Premium Opportunity Fund

Voya Global Equity Dividend and Premium Opportunity Fund

CBRE Global Real Estate Income Fund

Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experienced in 2022.

Closed-End Fund: April 2023 Check On Valuation

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on March 24, 2023 to common shareholders of record on March 17, 2023. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

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

The GDL Fund is an equity arbitrage CEF from the Gabelli suite. The CEF falls in the equity relative value bucket, aiming to profit irrespective of the general market direction.

GDL: Equity Merger Arbitrage CEF, 5.9% Yield

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on June 23, 2022 to common shareholders of record on June 15, 2022. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund. The Fun

The GDL Fund Declares Second Quarter 2022 Distribution of $0.12 Per Share

Apollo Tactical Income Fund, Inc.

Ares Dynamic Credit Allocation Fund

John Hancock Preferred Income Fund

Nuveen Mortgage Opportunity Term Fund

BNY Mellon Strategic Municipals, Inc.  

Nuveen Quality Municipal Income Fund

Virtus AllianzGI Convertible & Income Fund II

Nuveen Municipal Credit Income Fund

PCM Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Vertical Capital Income Fund.

We review CEF market valuation and performance through the last week of March and highlight recent market action.

CEF Weekly Review: Rates Are Up, Why Are My Loan CEFs Down

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) is pleased to announce the issuance of 3,500,000 Series E Cumulative Term Preferred Shares (“Series E Preferred”) with a liquidation value of $10 per share and an aggregate liquidation value of $35 million. The Series E Preferred has a mandatory redemption date of March 26, 2025, is puttable on March 26, 2023 and March 26, 2024, and is callable on March 26, 2024. Distributions are 4.00% until March 26, 202

The GDL Fund Announces the Placement of $35 Million of Series E Cumulative Term Preferred Shares

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on March 24, 2022 to common shareholders of record on March 17, 2022. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund. The F

The GDL Fund Declares First Quarter 2022 Distribution of $0.12 Per Share

GDL is a unique fund from the Gabelli lineup; this one focuses on "merger arbitrage transactions." The fund is currently deeply discounted and carries a distribution yield of over 5%.

GDL: Discounted Fund With Attractive Yield, But Probably Best To Avoid

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on December 17, 2021 to common shareholders of record on December 10, 2021. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

The GDL Fund Declares Fourth Quarter 2021 Distribution of $0.12 Per Share

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on September 23, 2021 to common shareholders of record on September 16, 2021. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fun

The GDL Fund Declares Third Quarter 2021 Distribution of $0.12 Per Share

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on June 23, 2021 to common shareholders of record on June 16, 2021. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund. The Fun

The GDL Fund Declares Second Quarter 2021 Distribution of $0.12 Per Share

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees (the “Board”) of The GDL Fund (NYSE:GDL) (the “Fund”) has determined to continue the annual dividend rate of 4.00% for the Series C Preferred Shares, effective for all remaining quarterly dividend periods prior to the mandatory redemption date for the Series C Preferred of March 26, 2025, pursuant to the provisions of its Statement of Preferences. The Series C Preferred Shares, which trade on the New York Stock Exchange under the symbol “GDL Pr

The GDL Fund Resets Dividend Rate for Its Series C Cumulative Puttable and Callable Preferred Shares

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on March 24, 2021 to common shareholders of record on March 17, 2021. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund. The F

The GDL Fund Declares First Quarter 2021 Distribution of $0.12 Per Share

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on December 18, 2020 to common shareholders of record on December 11, 2020. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

News for GDL Fund ETF (GDL)