GlobeNewswire·Nov 11, 2026, 12:32 PM ET

The GDL Fund Declares Fourth Quarter Distribution of $0.12 Per Share

The Board of Trustees of The GDL Fund declared a $0.12 per share cash distribution payable on December 18, 2026.
Common shareholders of record on December 11, 2026, are eligible for the distribution.
The Board will monitor the distribution level based on net asset value & the financial market environment.
The Fund makes annual distributions of realized net long-term capital gains & quarterly cash distributions of investment company taxable income.
Distributions may include a return of capital & can fluctuate based on asset mix & merger arbitrage strategies.
Distributions exceeding earnings are deemed a return of capital, reducing the shareholder's cost basis & generally are not taxable.
Estimated 2026 distribution components are approximately 10% net investment income, 75% net capital gains, & 15% return of capital.
Final tax determination for 2026 distributions will occur after year-end, with Form 1099-DIV notifications sent to shareholders in early 2027.
The GDL Fund is a diversified, closed-end management investment company with $117 million in total net assets managed by Gabelli Funds, LLC.
Investor inquiries can be directed to Priscilla De Vargas at (914) 921-7761 or pdevargas@gabelli.com.