other material
confidence high
sentiment neutral
materiality 0.55
GDL Fund extends Series E Preferred mandatory redemption to June 2026, adds put options
GDL FUND
- Mandatory redemption date of Series E Preferred Shares extended from March 26, 2025 to June 26, 2026.
- Holders have a mandatory put on March 26, 2025 unless they opt out; optional put on December 26, 2025.
- Holders opting out of mandatory put may continue holding until June 2026 and use the optional put in Dec 2025.
- Amendment filed as Exhibit 3.1 to the 8-K, effective February 28, 2025.