GDL FUND

The GDL Fund is a closed-ended equity mutual fund managed by Gabelli Funds, LLC, and launched by GAMCO Investors, Inc. The fund invests in public equity markets globally, focusing on stocks of companies across diversified sectors. Its investment strategy includes securities of companies involved in publicly announced mergers, takeovers, tender offers, and leveraged buyouts. The fund also invests in companies undergoing corporate reorganizations, specifically those involving stubs, spin-offs, and liquidations. Formed on October 17, 2006, and domiciled in the United States, The GDL Fund was formerly known as Gabelli Global Deal Fund. The fund benchmarks its portfolio performance against the Bank of America Merrill Lynch 3 Month U.S. Treasury Bill Index.