The GDL Fund Declares Second Quarter Distribution of $0.12 Per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2025
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Source: Newsfilter
Distribution Announcement: The GDL Fund has declared a cash distribution of $0.12 per share, payable on June 23, 2025, to shareholders of record as of June 13, 2025, while monitoring its distribution levels based on net asset value and market conditions.
Investment Considerations: The Fund's distributions may include returns of capital and are subject to change; shareholders will receive detailed tax information regarding the components of these distributions in early 2026.
Analyst Views on GDL
Wall Street analysts forecast GDL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GDL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About GDL
The GDL Fund (the Fund) is a diversified closed-end management investment company. The Fund's primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The Fund will seek to achieve its objective by investing primarily in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations. The Fund will invest at least 80% of its assets in securities or hedging arrangements relating to companies involved in corporate transactions or reorganizations, giving rise to the possibility of realizing gains upon or within relatively short periods of time after the completion of such transactions or reorganizations. It has investment in sectors, including financial services, energy and utilities, semiconductors, food and beverage, healthcare, wireless communications, automotive and cable and satellite. The Fund's advisor is Gabelli Funds, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
