secwatch.observer — SEC 8-K summary
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Issuer:     GDL FUND (GDL)
CIK:        0001378701
Form:       8-K
Filed at:   2025-04-02T23:59:59+00:00
Accession:  0001999371-25-003702
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378701/000199937125003702/0001999371-25-003702-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378701/000199937125003702/gdl-8k_040225.htm
  HTML page:      https://secwatch.observer/filing/0001999371-25-003702

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer