Key Details
Price
$8.12Last Dividend
$0.24Annual ROE
5.16%Beta
0.16Events Calendar
Next earnings date:
N/ARecent quarterly earnings:
N/ARecent annual earnings:
N/ANext ex-dividend date:
Dec 13, 2024Recent ex-dividend date:
Sept 16, 2024Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Screeners with GDL included
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Similar stocks
RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on December 20, 2024 to common shareholders of record on December 13, 2024.
RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on September 23, 2024 to common shareholders of record on September 16, 2024.
GDL Fund is an equity merger arbitrage CEF with a large discount to NAV, underperforming and failing to beat simple money market investments. Merger arbitrage involves betting on binary outcomes in announced mergers, subject to regulatory approvals, with GDL showing a disappointing performance. The widening discount to NAV is justified by the fund's poor performance and high risk-free rates, unlikely to narrow without significant changes or improved results.
On May 16, 2024, The Board of Trustees of The GDL Fund (NYSE:GDL) announced a cash distribution of $0.12 per share for common shareholders. The distribution will be paid on June 21, 2024 to shareholders of record as of June 13, 2024.
Gabelli Global Deal Fund is a closed-end fund managed by Mario Gabelli's GAMCO investment complex and focused on merger arbitrage. GDL has a strong investment track record, consistently outperforming its benchmark and other merger arbitrage-focused ETFs. The fund currently trades at a 20%+ discount to its net asset value, offering the potential for higher forward returns.
Closed-end fund IPOs are terrible. But they can lead to big discounts. Never pay full price but grab the sales.
FAQ
- What is the primary business of GDL Fund?
- What is the ticker symbol for GDL Fund?
- Does GDL Fund pay dividends?
- What sector is GDL Fund in?
- What industry is GDL Fund in?
- What country is GDL Fund based in?
- When did GDL Fund go public?
- Is GDL Fund in the S&P 500?
- Is GDL Fund in the NASDAQ 100?
- Is GDL Fund in the Dow Jones?
- When does GDL Fund report earnings?