The GDL Fund Announces Preferred Share Rights Offering Record Date and Summary of Terms
GDL Fund, The Common Shares of Beneficial Interest (GDL)
US:NYSE Investor Relations:
gabelli.com/funds/products/-117.html
Company Research
Source: Business Wire
RYE, N.Y.--(BUSINESS WIRE)-- The GDL Fund (NYSE:GDL) (the “Fund”) previously announced the approval in principle by its Board of Trustees of an offering (the “Offering”), to be made to the Fund’s existing preferred shareholders, of non-transferable rights to subscribe for and purchase newly designated Series C Cumulative Puttable and Callable Preferred Shares (the “New Preferred”). The pricing committee of the Fund’s Board of Trustees has now approved the Offering. The Offering will be made only to the Fund’s existing preferred shareholders by means of a prospectus, and this press release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund’s securities. The New Preferred will pay distributions quarterly at an annualized dividend rate of 4.00% of the $50.00 per share liquidation preference of the New Preferred for the quarterly dividend periods ending on or prior to
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Sec Filings
- 4/3/24 - Form DEFR14A
- 3/28/24 - Form 4
- 3/21/24 - Form DEFA14A
- GDL's page on the SEC website