Mario J. Gabelli - 17 Oct 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
Issuer symbol
GDL
Transactions as of
17 Oct 2022
Net transactions value
$0
Form type
4
Filing time
19 Oct 2022, 16:24:19 UTC
Previous filing
11 Oct 2022
Next filing
21 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDL Series E Cumulative Preferred Shares Sale $2,000,000 -200,000 -100% $10.00 0 17 Oct 2022 E3M 2018, LLC F1, F2
transaction GDL Series E Cumulative Preferred Shares Purchase $2,000,000 +200,000 +67% $10.00 500,000 17 Oct 2022 Direct F1
holding GDL Series E Cumulative Preferred Shares 300,000 17 Oct 2022 GAMCO Investors, Inc. F3
holding GDL Series E Cumulative Preferred Shares 240,000 17 Oct 2022 Associated Capital Group, Inc. F4
holding GDL Series E Cumulative Preferred Shares 200,000 17 Oct 2022 GGCP, Inc. F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares traded in a private transaction between related accounts
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 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.
F4 The shares reported reflect the total shares owned by Associated Capital Group, Inc. (AC). Mario J. Gabelli is the Executive Chair 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.
F5 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.