The GDL Fund Announces Evaluation of Potential Strategic Alternatives
November 15 2018 - 5:15PM
Business Wire
The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”)
announces that it will evaluate potential strategic alternatives
for the Fund including a common share rights offering, common share
repurchases or changes to the distribution policy. The results of
the evaluation will be announced promptly after completion, which
is expected over the next several weeks. The purpose would be to
evaluate ways to enhance participation in what the Board believes
to be an attractive environment to invest in merger arbitrage.
Investors should carefully consider the investment objectives,
risks, charges, and expenses of the Fund before investing. More
information regarding the Fund’s distribution policy and other
information about the Fund is available by calling 800-GABELLI
(800-422-3554) or visiting www.gabelli.com.
The GDL Fund is a diversified, closed-end management investment
company with $320 million in total net assets whose investment
objective is to achieve absolute returns in various market
conditions without excessive risk of capital. The Fund is managed
by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc.
(NYSE:GBL).
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version on businesswire.com: https://www.businesswire.com/news/home/20181115006068/en/
For information:Peter Baldino(914) 921-5070
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