Welcome to our dedicated page for The GDL Fund news (Ticker: GDL), a resource for investors and traders seeking the latest updates and insights on The GDL Fund stock.
The GDL Fund (symbol: GDL) is a diversified closed-end management investment company that is committed to achieving absolute returns in all market conditions without taking on excessive risk. The fund predominantly invests in merger arbitrage transactions and is also involved in corporate reorganizations including stubs, spin-offs, and liquidations. This strategic approach enables the fund to generate returns while mitigating risks commonly associated with volatile market conditions.
Founded under the umbrella of GAMCO Investors, Inc. (NYSE: GBL), a leader in investment advisory services, The GDL Fund benefits from GAMCO’s extensive research-driven approach and proprietary Private Market Value (PMV) with a Catalyst™ stock selection strategy. GAMCO's legacy dates back to 1977, founded by Mario J. Gabelli, and has garnered recognition for its substantial expertise in equity investing.
As of December 31, 2016, GAMCO Investors, Inc. managed assets worth $39.7 billion, with 95% invested in equities. This robust asset management is conducted through its registered investment advisors, GAMCO Asset Management Inc. and Gabelli Funds, LLC. The firm's operational strength is further bolstered by G.distributors, LLC, which acts as an underwriter and distributor for its open-end funds.
In recent times, The GDL Fund has adeptly navigated through various market conditions, continuously exploring strategic acquisitions and transactional opportunities to maximize shareholder value. By focusing on specific investment niches, such as merger arbitrage, the fund has carved out a unique position in the investment landscape, promising growth and stability for its investors.
For those looking to stay updated on the latest advancements, financial results, and strategic moves from The GDL Fund, the company's investor relations team, led by Laurissa Martire, is available for queries and detailed information.
The GDL Fund (NYSE:GDL) has announced a $0.12 per share cash distribution for the fourth quarter, payable on December 20, 2024, to shareholders of record as of December 13, 2024. The distribution composition for 2024 includes approximately 31% from net investment income, 41% from net capital gains, and 28% return of capital. The Fund makes annual distributions of realized net long-term capital gains and quarterly distributions of investment company taxable income. The Board of Trustees monitors the distribution level considering the Fund's net asset value and market conditions.
The GDL Fund (NYSE:GDL) has announced a $0.12 per share cash distribution for the third quarter, payable on September 23, 2024, to shareholders of record on September 16, 2024. The Fund's Board of Trustees will continue monitoring the distribution level, considering factors such as net asset value and market conditions.
Key points:
- The Fund makes annual distributions of realized net long-term capital gains and quarterly distributions of investment company taxable income.
- The current distribution breakdown is approximately 35% from net investment income, 10% from net capital gains, and 55% deemed a return of capital.
- Distributions may include more than the entire amount of income earned in a period to maintain stability.
- Final determination of distribution sources will be made after year-end, with shareholders receiving Form 1099-DIV in early 2025 for tax reporting purposes.
The GDL Fund (NYSE:GDL) announced a $0.12 per share cash distribution for the second quarter of 2024, payable on June 21, 2024, to shareholders of record by June 13, 2024. The Board of Trustees will oversee the distribution level, considering the Fund's net asset value and market conditions. The distribution rate is not indicative of the dividend yield or total return on an investment. The Fund distributes net long-term capital gains annually and quarterly cash distributions of taxable income. A portion of the distribution may be a return of capital, which is non-taxable and reduces shareholder cost basis. The current year's distributions include approximately 13% from net investment income and 87% return of capital. Investors will receive detailed tax information in early 2025.
The GDL Fund (NYSE:GDL) has announced a cash distribution of $0.12 per share, set to be paid on March 24, 2023, to common shareholders on record as of March 17, 2023.
The fund’s distribution policy includes monitoring net asset value and adapting to market conditions, with annual distributions stemming from realized long-term capital gains and quarterly income distributions. Distributions may include return of capital and are subject to modification by the Board of Trustees. For 2023, the distribution is expected to be entirely from paid-in capital, designated to impact the cost basis for shareholders.
The GDL Fund (NYSE:GDL) has declared a cash distribution of
FAQ
What is the current stock price of The GDL Fund (GDL)?
What is the market cap of The GDL Fund (GDL)?
What is the primary investment objective of The GDL Fund?
What types of investments does The GDL Fund focus on?
Who founded GAMCO Investors, Inc.?
How much assets under management (AUM) did GAMCO Investors have as of December 31, 2016?
What percentage of GAMCO Investors' AUM is invested in equities?
Who can I contact for investor relations inquiries at The GDL Fund?
What is the role of G.distributors, LLC?
How does The GDL Fund mitigate risk while generating returns?
What is GAMCO Investors' proprietary stock selection strategy?
What makes The GDL Fund unique in the investment landscape?
