Transaction overview
Director Gabelli Mario J, who is identified as a ten percent owner of GDL Fund (NYSE:GDL), executed a sale of 800 common shares on February 23, 2026. The shares were disposed of at a price of $8.52 each, producing a gross transaction value of $6,816.
Market context
At the time of the sale the fund was trading near its 52-week high of $8.67, with the most recent quoted price at $8.54. GDL carries a market capitalization of approximately $5.9 million and offers a dividend yield of 5.62%.
Post-transaction ownership and indirect holdings
After completing the February 23 sale, Gabelli directly holds 2,747,977 shares of the fund. In addition to that direct stake he maintains indirect ownership through several affiliated entities - Associated Capital Group, Inc.; Gabelli & Company Investment Advisers, Inc.; GGCP, Inc.; GPJ Retirement Partners, LLC; and GAMCO Investors, Inc.
Research and subscriber resources
The reporting on the trade notes that InvestingPro subscribers have access to two additional exclusive tips regarding GDL’s trading patterns and valuation metrics.
Analysis note
The sale represents a relatively small block compared with the director’s direct holding. The transaction was executed while the fund's share price was trading close to its 52-week peak and near the current quoted level noted above.
Summary of facts
- Seller: Gabelli Mario J, director and 10% owner of GDL Fund (NYSE:GDL).
- Shares sold: 800 common shares.
- Sale date: February 23, 2026.
- Sale price: $8.52 per share.
- Total transaction value: $6,816.
- Share price at reporting: $8.54; 52-week high: $8.67.
- Market capitalization: $5.9 million.
- Dividend yield: 5.62%.
- Direct holdings after sale: 2,747,977 shares.
- Indirect holdings: Associated Capital Group, Inc.; Gabelli & Company Investment Advisers, Inc.; GGCP, Inc.; GPJ Retirement Partners, LLC; GAMCO Investors, Inc.