Mario J. Gabelli - Jul 18, 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: Jul 18, 2022
Transactions value $: $7,425
Form type: 4
Date filed: 7/20/2022, 02:40 PM
Previous filing: Jul 7, 2022
Next filing: Jul 26, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GDL	Common Shares, Par Value $0.001	Purchase	$7.43K	+900	+0.38%	$8.25	241K	Jul 18, 2022	Direct	F1
holding	GDL	Common Shares, Par Value $0.001						1.85M	Jul 18, 2022	Associated Capital Group, Inc.	F2
holding	GDL	Common Shares, Par Value $0.001						7.36K	Jul 18, 2022	Gabelli & Company Investment Advisers, Inc.	F3
holding	GDL	Common Shares, Par Value $0.001						245K	Jul 18, 2022	GGCP, Inc.	F1, F4
holding	GDL	Common Shares, Par Value $0.001						2.51M	Jul 18, 2022	E3M Investors, LLC	F1, F5
holding	GDL	Common Shares, Par Value $0.001						60.1K	Jul 18, 2022	MJG IV Limited Partnership	F1, F6
holding	GDL	Common Shares, Par Value $0.001						46.6K	Jul 18, 2022	GPJ Retirement Partners	F1, F7
holding	GDL	Common Shares, Par Value $0.001						57.1K	Jul 18, 2022	GAMCO Investors, Inc.	F1, F8

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

Explanation of Responses:

Id	Content
F1	Total includes shares acquired through dividend reinvestment subsequent to the initial purchase.
F2	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.
F3	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.
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.
F5	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.
F6	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.
F7	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.
F8	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.