GDL Fund Declares $0.12/Share Cash Distribution

The GDL Fund's Board of Trustees declared a cash distribution of $0.12 per share, payable on June 23, 2026, to shareholders of record on June 15, 2026. The Fund's distributions for 2026 are estimated to comprise 6% from net investment income, 24% from net capital gains, and 70% as a return of capital on a book basis. The Board will continue to monitor the distribution level, noting that the rate is subject to modification and not indicative of dividend yield or total return.