GDL-C The GDL Fund Series C Cumulative Puttable and Callable Preferred Shares

Quarterly dividend payments are expected to be made when, as and if declared by the Board on March 26, June 26, September 26, and December 26 of each year. The Fund may redeem all or any part of the Series C Preferred Shares, upon not less than 30 nor more than 60 daysí prior notice, at the Liquidation Preference, plus any accumulated and unpaid dividends, on March 26, 2021 or March 26, 2023. For the Dividend Periods occurring in Year 1, the Statement of Preferences for the Series C Preferred Shares provides for quarterly dividends to be paid at an annualized rate of 4.00% based on the Liquidation Preference of the Series C Preferred Shares. During the last Dividend Period occurring in Year 1, the Board will determine and publicly announce at least 30 days prior to the end of such Dividend Period a fixed annual dividend rate that will apply for the Dividend Periods occurring in Year 2 and Year 3. Further, during the last Dividend Period occurring in Year 3, the Board will determine and publicly announce at least 30 days prior to the end of such Dividend Period a fixed annual dividend rate that will apply for all remaining Dividend Periods prior to the mandatory redemption date of March 26, 2025. Each reset dividend rate will be determined by the Board or a committee thereof in its sole discretion, and the Statement of Preferences provides that such rate will be not less than an annualized rate of 4.00% and not greater than an annualized rate of 6.00% based on the Liquidation Preference of the Series C Preferred Shares.  This security was issued by The GDL Fund CEF, whose common stock symbol is GDL.

$50.98  +0.70 (1.39%)
As of 06/28/2022 10:00:27 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  
Index country:  USA
Country of incorporation:  
IPO date:  03/27/2018
Outstanding shares:  2,624,025
Average volume:  2,311
Market cap:   $131,962,217
Current dividend yield:  5.97%    calculation
Coupon rate:    6.000%
Cumulative:    Yes
Liquidation value:   $50.00
Callable after:   03/26/2021
Maturity date:    03/26/2025
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BF4J405

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