Mario J. Gabelli - 27 Mar 2023 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
27 Mar 2023
Net transactions value
-$2,500,000
Form type
4
Filing time
28 Mar 2023, 18:07:34 UTC
Previous filing
13 Mar 2023
Next filing
17 Apr 2023
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 Other $2,500,000 -250,000 -50% $10.00 250,000 27 Mar 2023 Direct F1
holding GDL Series E Cumulative Preferred Shares 300,000 27 Mar 2023 GAMCO Investors, Inc. F2
holding GDL Series E Cumulative Preferred Shares 240,000 27 Mar 2023 Associated Capital Group, Inc. F3
holding GDL Series E Cumulative Preferred Shares 200,000 27 Mar 2023 GGCP, Inc. F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were surrendered in accordance with Right to Put to the Fund up to 100% of Outstanding Series E Cumulative Preferred Shares.
F2 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.
F3 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.
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.