The GDL Fund Authorizes Non-Transferable Preferred Share Rights Offering
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 Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) has approved in principle a non-transferable rights offering (the “Offering”) by the Fund to the holders of its Series B Cumulative Puttable and Callable Preferred Shares (the “Series B Preferred”) to acquire shares of a newly designated series of preferred shares, Series C Cumulative Puttable and Callable Preferred Shares (the “Series C Preferred”). Key aspects of the Offering, including the timing and the pricing, as well as the terms of the Series C Preferred and the amount of liquidation preference of Series C Preferred available for issuance in the Offering, have yet to be determined. The Offering, including the terms of the Series C Preferred, is subject to final approval by a pricing committee established by the Board, and the Board and/or the pricing committee reserves the right to delay or cancel the Offering.
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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