GDL Fund: CIO Mario Gabelli hospitalized; Marangi named GAMCO President

GDL FUND

Mario Gabelli hospitalized March 19 after medical incident; condition improving, return timeline unknown.
GAMCO activated succession plan on March 22; Christopher J. Marangi named President.
Day-to-day operations led by co-CEO Douglas Jamieson and Christopher Marangi.
Portfolio manager Willis Brucker to manage Fund's portfolio during Gabelli's absence.

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