The GDL Fund, Inc. is a closed-end management investment company that has traded on the New York Stock Exchange since its inception in 1992. Sponsored by Gabelli Funds, LLC, the fund seeks to provide shareholders with a high current level of income and the potential for capital appreciation through a diversified portfolio of equity and equity-related securities. The fund employs leverage and option strategies, when appropriate, to enhance returns and to help manage portfolio volatility.
The portfolio primarily targets dividend-paying companies domiciled in developed markets outside of the United States, including Europe, Japan, Australia and Canada. Emphasis is placed on identifying firms with strong balance sheets, sustainable payout ratios and attractive growth prospects. The fund’s managers conduct fundamental research to evaluate business models, cash-flow generation and competitive positioning, aiming to deliver a blend of income and long-term capital growth.
Managed by a team of seasoned investment professionals at Gabelli Funds, LLC, The GDL Fund leverages decades of experience in international equity markets. The board of directors includes a majority of independent members who oversee compliance, risk management and governance matters. The investment team regularly reviews geographic and sector allocations to adapt to evolving market conditions and seeks to mitigate currency and geopolitical risks.
Through its closed-end structure, The GDL Fund offers investors access to a diversified, income-oriented global equity portfolio with the potential benefits of professional management and leverage. The fund distributes dividends on a monthly basis and may appeal to investors seeking both yield enhancement and international exposure within a single investment vehicle.
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