GDL Fund raises ~$2.9M via issuance of 295,000 Series G Preferred Shares

GDL FUND

On March 26, 2025, issued 255,000 Series G Preferred at $10/share, net proceeds ~$2.5M.
On March 31, 2025, issued 40,000 Series G Preferred at $10.007/share, net proceeds ~$380K.
Total 295,000 Series G shares outstanding; 3,205,000 remain authorized for future issuance.
Series G carries a 5.20% cumulative annual dividend on $10 liquidation preference per share.
Series G Statement of Preferences adopted March 18, 2025, authorizing 3,500,000 shares.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

GDL FUND: Adopted Series G Statement of Preferences establishing rights and preferences for Series G Preferred Shares, authorizing 3,500,000 shares with a $10.00 liquidation preference (effective 2025-03-18).

Change: charter amendment
Effective: 2025-03-18

Exact text from the filing

On March 18, 2025, the Fund adopted the Series G Statement of Preferences establishing and fixing the rights and preferences of the Series G Preferred Shares.

View on SEC.gov

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GDL FUND filing history →

Source: SEC EDGAR

accession 0001999371-25-003702

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