The GDL Fund Resets Dividend Rate for Its Series C Cumulative Puttable and Callable Preferred Shares

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees (the “Board”) of The GDL Fund (NYSE:GDL) (the “Fund”) has determined to continue the annual dividend rate of 4.00% for the Series C Preferred Shares, effective for all remaining quarterly dividend periods prior to the mandatory redemption date for the Series C Preferred of March 26, 2025, pursuant to the provisions of its Statement of Preferences.