Mario J. Gabelli - Mar 28, 2022 Form 4 Insider Report for GDL FUND (GDL)

Role
Director, Control Person of Adviser, 10%+ Owner
Signature
Douglas R. Jamieson as Attorney-in-Fact for Mario J. Gabelli
Stock symbol
GDL
Transactions as of
Mar 28, 2022
Transactions value $
$12,400,000
Form type
4
Date filed
3/30/2022, 08:04 PM
Previous filing
Jan 12, 2022
Next filing
Apr 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDL Series E Cumulative Preferred Shares Purchase $3M +300K $10.00 300K Mar 28, 2022 Direct
transaction GDL Series E Cumulative Preferred Shares Purchase $3M +300K $10.00 300K Mar 28, 2022 GAMCO Investors, Inc. F1
transaction GDL Series E Cumulative Preferred Shares Purchase $2M +200K $10.00 200K Mar 28, 2022 E3M 2018, LLC F2
transaction GDL Series E Cumulative Preferred Shares Purchase $2.4M +240K $10.00 240K Mar 28, 2022 Associated Capital Group, Inc. F3
transaction GDL Series E Cumulative Preferred Shares Purchase $2M +200K $10.00 200K Mar 28, 2022 GGCP, Inc. F4
* 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 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.
F2 The shares being reported are held at E3M 2018, 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.
F3 The shares reported reflect the total shares owned by Associated Capital Group, Inc. (AC). Mario J. Gabelli is the Executive Chairman and controlling shareholder of AC. Mr. Gabelli has less than a 100% interest in AC and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.
F4 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.