The GDL Fund Resets Dividend Rate for Its Series C Cumulative Puttable and Callable Preferred Shares
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 (the “Board”) of The GDL Fund (NYSE:GDL) (the “Fund”) has determined to continue the annual dividend rate of 4.00% for the Series C Preferred Shares, effective for the eight dividend periods after March 26, 2019, pursuant to the provisions of its Statement of Preferences. The Series C Preferred Shares, which trade on the New York Stock Exchange under the symbol “GDL Pr C”, were issued on March 26, 2018 at $50.00 per share. The Series C Preferred will pay distributions quarterly at an annualized dividend rate of 4.00% of the $50.00 per share liquidation preference of the Series C Preferred for the quarterly dividend periods ending on or prior to March 26, 2021 (“Year 3”). At least 30 days prior to the end of Year 3, the Fund’s Board of Trustees will determine and publicly announce a reset fixed dividend rate that will apply for all remaining quarterly div
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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