Business Description
The GDL Fund is a US-based closed-end fund managed by Gabelli Funds LLC that invests in publicly traded companies around the world. It focuses on businesses going through major ownership changes such as mergers, takeovers, and buyouts, as well as those restructuring through spin-offs or liquidations. The fund measures its results against the Bank of America Merrill Lynch 3 Month US Treasury Bill Index and has operated under its current name since its founding in October 2006.
