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

Go to AICA CEF/BDC Screener Learn More @ www.AICalliance.org

GDL Fund (GDL)

Non U.S. Equity Funds - Global Equity

Data as of Oct. 18, 2019
Market Price $9.20 (+ $0.06)
NAV (Oct. 18, 2019) $11.13 ( $0.00)
Premium / Discount -17.34% (+0.54%)
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
Capital & Leverage
Outstanding Shares 16,164,485
Total Assets (Reported: June 30, 2019) $342M
Estimated Total Assets $292M
Net Assets $180M
Market Cap $149M
Purchases Turnover 232.85%
Sales Turnover 263.08%
Total Leverage 46.35%
Structural Leverage (out of total) 82.70%
Portfolio Leverage (out of total) 17.30%
Expense Ratio 5.65%
Non Lev Exp Ratio 2.19%
Rel Lev Cost 3.92%
Discount Data
Average Discount (3 Yr) -16.35%
Discount Low(3 Yr) -21.25%
Discount High(3 Yr) -11.51%
Discount Rel Range 40.15%
Comp Discount -7.64
Discount St Dev (1Yr) 1.26
Z-Stat (6mo) -0.56
Z-Stat (1Yr) -0.24
Z-Stat (3Yr) -0.52
Comp Z-Stat (6mo) 0.06
Comp Z-Stat (3Yr) 0.00
Distribution Data
Market Yield 4.35%
Income Yield 0.00%
Lev Adj NAV Yield 2.46%
Distribution Frequency Q
Current Distribution $0.100
Current Income $0.000
Ex-Date 9/13/19
Payable Date 9/23/19
Div Growth (3yr) -37.50%
Dividend Change -37.5% on 11/20/17
Expected Div 11/21/19
RoC (1yr) 55.55%
RoC (3yr) 58.15%
Tax Dividend Data 2018 2016 - 2018
Income 66.6% 22.9%
ST Gains 9.9% 18.5%
QDI 26.3% 8.1%
LT Gains 16.4% 20.1%
RoC 7.2% 38.5%
Volume & Liquidity
Average Daily $ (M) $206
Avg Volume 30 day 15,450
Avg Volume 90 day 22,400
Volume Trend -31.03%
Comp Volume Trend -32.30%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's International Equity Index
Most Correlated Peer (Mk Pr): IID 53.0%
NAV - Price Correlation (30 d) 40.7%
NAV - Price Correlation (90 d) 37.2%
NAV - Price Correlation (1 Yr) 71.2%
Price St Dev (1Yr) 10.9%
NAV St Dev (1Yr) 4.8%
Earnings / Share (6/30/19) $-0.094
Earn Coverage 0.00%
Earnings Trend Down
UNII / Share (6/30/19) $-0.540
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's International Equity Index


CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2016. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.