The GDL Fund Announces the Placement of $35 Million of Series E Cumulative Term Preferred Shares

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Mar 28, 2022

The Board of Trustees of The GDL Fund (NYSE:GDL, Financial) (the “Fund”) is pleased to announce the issuance of 3,500,000 Series E Cumulative Term Preferred Shares (“Series E Preferred”) with a liquidation value of $10 per share and an aggregate liquidation value of $35 million.