Corrected: The GDL Fund June Distribution Increases 20% to $0.12 Per Share

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.10 per share cash distribution payable on March 24, 2020 to common shareholders of record on March 17, 2020. The Board of Trustees authorized a 20% increase in the quarterly distribution from $0.10 per share to $0.12 per share for the June 2020 distribution which increases the annual distribution 15% to $0.46 per share from $0.40 per share.