CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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GDL Fund (GDL)

Non U.S. Equity Funds - Global Equity

Data as of April 28, 2017
Market Price $9.97 (+ $0.02)
NAV (April 28, 2017) $11.86 (- $0.02)
Premium / Discount -15.94% (+0.31%)
Fund Info
Inception Jan. 25, 2007
Sponsor Gabelli Funds
Website www.gabelli.com/Templa...
Phone 800-422-3554
Objective: Absolute returns in various market conditions with low risk; merger arbitrage transactions and stubs, spin-offs, and liquidations
Related Indexes
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 18,248,752
Gross Assets $415M
Net Assets $216M
Market Cap $182M
Purchases Turnover 283.87%
Sales Turnover 285.16%
Total Leverage 39.81%
Structural Leverage (out of total) 37.11%
Portfolio Leverage (out of total) 2.70%
Expense Ratio 4.84%
Non Lev Exp Ratio 2.92%
Rel Lev Cost 2.52%
Discount Data
Average Discount (3 Yr) -15.74%
Discount Low(3 Yr) -18.82%
Discount High(3 Yr) -10.88%
Discount Rel Range 36.32%
Comp Discount -8.76
Discount St Dev (1Yr) 0.69
Z-Stat (6mo) 1.10
Z-Stat (1Yr) 0.76
Z-Stat (3Yr) -0.15
Comp Z-Stat (6mo) -0.31
Comp Z-Stat (3Yr) -1.22
Distribution Data
Market Yield 6.42%
Income Yield 0.00%
Lev Adj NAV Yield 3.86%
Distribution Frequency Q
Current Distribution $0.160
Current Income $0.000
Ex-Date 3/15/17
Payable Date 3/24/17
Div Growth (3yr) -50.00%
Dividend Change -50.0% on 5/14/14
Expected Div 5/18/17
RoC (1yr) 62.97%
RoC (3yr) 34.22%
Volume & Liquidity
Average Daily $ (M) $416
Avg Volume 30 day 51,018
Avg Volume 90 day 41,755
Volume Trend 22.18%
Comp Volume Trend 27.26%
Correlation & Volatility
Correlation (30 d) 60.3%
Correlation (90 d) 65.8%
Correlation (1 Yr) 53.4%
Price St Dev (1Yr) 5.6%
NAV St Dev (1Yr) 5.1%
Earnings / Share (12/31/16) $-0.152
Earn Coverage 0.00%
Earnings Trend Down
UNII / Share (12/31/16) $0.017
UNII Trend Up
NAV Beta (2yr)
vs. S&P 500 (TR)


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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