The $0.12 quarterly distribution is unchanged and routine for a closed-end fund. Monitor the Fund's net asset value and distribution composition for shifts in return-of-capital percentage, which could signal underlying portfolio performance issues. No immediate trading catalyst.
Price Chart
Executive Summary
The GDL Fund declared a $0.12 per share quarterly cash distribution, payable September 23, 2026 to shareholders of record September 16, 2026. The distribution is partially a return of capital (estimated 26% on a book basis for 2026 distributions), reflecting the Fund's merger arbitrage strategy and income fluctuations. This is a routine quarterly distribution declaration with no change in the distribution rate from prior quarters.
Key Facts
- Quarterly cash distribution of $0.12 per share declared
- Payable September 23, 2026 to shareholders of record September 16, 2026
- Estimated 2026 distribution composition: 10% net investment income, 64% net capital gains, 26% return of capital (book basis)
- Fund has $119 million in total net assets
- Distribution rate subject to modification by Board of Trustees at any time
Financial Impact
$0.12 per share quarterly distribution, partially a return of capital
Risk Factors
- Distribution may include significant return of capital (26% estimated for 2026), reducing cost basis
- Distribution rate is not guaranteed and can be modified by the Board
- Fund's merger arbitrage strategy may underperform in volatile markets
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3343891 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 10w ago | Press Release | $8.40 $8.41 | ▲ +0.18% | ▲ +2.08% | $8.31 (−1.01%) |
May 13, 2026 23w ago | Press Release | $8.46 $8.31 | ▼ −1.77% | ▼ −1.15% | $8.31 (−1.77%) |
May 7, 2026 24w ago | 8-K | $8.50 $8.45 | ▼ −0.59% | ▼ −0.61% | $8.31 (−2.24%) |
US Market Status
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