---
schema_version: "secwatch.filing_event.v1"
accession: "0001999371-25-003702"
form_type: "8-K"
ticker: "GDL"
cik: "0001378701"
company_name: "GDL FUND"
filed_at: "2025-04-02T23:59:59+00:00"
generated_at: "2026-05-23T23:20:26.358866+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001999371-25-003702
- form_type: 8-K
- ticker: GDL
- cik: 0001378701
- company_name: GDL FUND
- filed_at: 2025-04-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378701/000199937125003702/0001999371-25-003702-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378701/000199937125003702/gdl-8k_040225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-25-003702
- JSON: https://secwatch.observer/filing/0001999371-25-003702.json
- Plain text: https://secwatch.observer/filing/0001999371-25-003702.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378701/000199937125003702/0001999371-25-003702-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.