GDL Fund to redeem all series B cumulative preferred shares May 29

By Sarah Lizee

Olympia, Wash., April 11 – GDL Fund will redeem all of the remaining shares of its outstanding series B cumulative puttable and callable preferred shares on May 29, according to a press release.

The preferred shares will be redeemed at $50.2625 per share, which consists of $50.00 per share plus accumulated dividends through the redemption date.

GDL Fund, formerly known as the Gabelli Global Deal Fund, is a non-diversified closed-end management investment company based in Rye, N.Y.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.