Capturing Value from Strategic Corporate Transactions and Merger and Acquisition Opportunities
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The GDL Fund is a diversified, closed-end management investment company. The Fund will seek to achieve its investment objective by investing primarily in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.
The Fund’s investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. Absolute returns are defined as positive total returns, regardless of the direction of securities markets.
Exposure to Merger Arbitrage: Global mergers and acquisitions (M&A) activity totaled $3.2 trillion in 2024, a 10% increase compared to 2023. This fund seeks to capture the companies positioned to be targeted for takeover in the near future.
Gaining Spreads on Event-Driven Situations: Leveraging our core competencies in the merger arbitrage space, we apply independent thinking and private valuations to announced deals.
RPitaro@gabelli.com (914) 921-5025
Christopher Matthiessen serves as Vice President and portfolio analyst at Gabelli, where he is dedicated to the firm’s merger arbitrage strategies. In his role, Chris monitors global mergers and acquisitions, ensuring the highest conviction transactions are included in the firm’s merger arbitrage portfolios. Collaborating closely with internal research analysts, he adeptly tracks new deal announcements… More
Supported by a centralized team of 30+ sector-focused analysts supporting Growth and Value portfolios
A graphical measurement of a portfolio’s net return that simulates the performance of an initial investment of $10,000 over the given time period.
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Gross Expense Ratio
0.70%
Net Expense Ratio
0.70%
Maximum Sales Charge
0.00%
Performance pertains to the share class noted only. Other share classes may have different performance characteristics. The Class AAA Shares’ net asset values are used to calculate performance for the periods prior to the issuance of the Advisor Share Class on May 1, 2007. The actual performance for the Advisor Class would have been lower due to the different expenses associated with this class of shares. Performance for periods of less than one year are not annualized. The Fund imposes a 2% redemption fee on shares sold or exchanged in seven days or less after the date of purchase.
The Fund’s share price will fluctuate with changes in the market value of the Fund’s portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.
