Mario J. Gabelli - Apr 17, 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
Stock symbol: GDL
Transactions as of: Apr 17, 2023
Transactions value $: -$15,700
Form type: 4
Date filed: 4/18/2023, 04:43 PM
Previous filing: Apr 17, 2023
Next filing: May 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GDL	Common Shares, Par Value $0.001	Sale	-$15.7K	-2K	-4%	$7.85	48K	Apr 17, 2023	GPJ Retirement Partners	F1
holding	GDL	Common Shares, Par Value $0.001						1.85M	Apr 17, 2023	Associated Capital Group, Inc.	F2
holding	GDL	Common Shares, Par Value $0.001						7.36K	Apr 17, 2023	Gabelli & Company Investment Advisers, Inc.	F3
holding	GDL	Common Shares, Par Value $0.001						245K	Apr 17, 2023	GGCP, Inc.	F4
holding	GDL	Common Shares, Par Value $0.001						2.75M	Apr 17, 2023	Direct
holding	GDL	Common Shares, Par Value $0.001						57.1K	Apr 17, 2023	GAMCO Investors, Inc.	F5

* 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 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.
F2	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.
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 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.