GDL Fund calls $84.86 million of series A preferreds at par of $50

By Toni Weeks

San Diego, April 29 - The GDL Fund has issued a call to fully redeem its $84,862,300 of series A cumulative callable preferred shares on May 31, according to a filing with the Securities and Exchange Commission.

Each of the 1,697,246 preferreds has a liquidation preference of $50. The redemption price will be par plus accrued dividends.

Formerly named Gabelli Global Deal Fund, New York-based GDL Fund is a non-diversified closed-end management investment company and is managed by Gabelli Funds, LLC, a subsidiary of Gamco Investors, Inc.

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