Mario J. Gabelli - 30 Sep 2021 Form 4 Insider Report for GDL FUND (GDL)

Role: Director, Control Person of Adviser
Signature: Douglas R. Jamieson as Attorney-in-Fact for Mario J. Gabelli
Issuer symbol: GDL
Transactions as of: 30 Sep 2021
Net transactions value: -$66,438
Form type: 4
Filing time: 04 Oct 2021, 19:20:55 UTC
Previous filing: 29 Sep 2021
Next filing: 19 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GDL	Common Shares, Par Value $0.001	Sale	$66,438	-7,407	-0.4%	$8.97	1,822,732	30 Sep 2021	Associated Capital Group, Inc.	F1, F8
holding	GDL	Common Shares, Par Value $0.001						7,268	30 Sep 2021	Gabelli & Company Investment Advisers, Inc.	F2, F8
holding	GDL	Common Shares, Par Value $0.001						238,131	30 Sep 2021	GGCP, Inc.	F3, F8
holding	GDL	Common Shares, Par Value $0.001						234,091	30 Sep 2021	Direct	F8
holding	GDL	Common Shares, Par Value $0.001						2,445,492	30 Sep 2021	E3M Investors, LLC	F4, F8
holding	GDL	Common Shares, Par Value $0.001						58,500	30 Sep 2021	MJG IV Limited Partnership	F5, F8
holding	GDL	Common Shares, Par Value $0.001						45,417	30 Sep 2021	GPJ Retirement Partners	F6, F8
holding	GDL	Common Shares, Par Value $0.001						55,644	30 Sep 2021	GAMCO Investors, Inc.	F7, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares reported reflect the total shares owned by Associated Capital Group, Inc. (ACG). Mario J. Gabelli is the Executive Chairman and controlling shareholder of ACG. Mr. Gabelli has less than a 100% interest in ACG and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.
F2	The shares reported reflect the total shares owned by Gabelli & Company Investment Advisers, Inc. (GCIA), a majority owned subsidiary of Associated Capital Group, Inc. Mr. Gabelli has less than a 100% interest in GCIA and disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest.
F3	The shares reported reflect the total shares owned by GGCP, Inc. (GGCP). Mario J. Gabelli is the Chief Executive Officer, a director, and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.
F4	The shares being reported are held at E3M Investors, LLC, in which Mr. Gabelli has less than a 100% interest and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.
F5	The shares reported reflect the total shares owned by MJG IV Limited Partnership, a limited partnership for which Mr. Gabelli serves as a general partner. Mr. Gabelli has less than a 100% interest in the entity and disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest.
F6	The shares reported reflect the total shares owned by GPJ Retirement Partners, LLC, a limited liability company. Mr. Gabelli has less than a 100% interest in the entity and disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest.
F7	The shares reported reflect the total shares owned by GAMCO Investors, Inc. (GAMCO). Mario J. Gabelli is the Chairman, Chief Executive Officer, and controlling shareholder of GAMCO. Mr. Gabelli has less than a 100% interest in GAMCO and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.
F8	Total includes shares acquired through dividend reinvestment subsequent to the initial purchase.