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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The GDL Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The GDL Fund's position in the market.
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.