|
GDL Fund, 8.50% Series A Cumulative Callable Preferred Shares
Ticker Symbol: GDL-A* CUSIP: 36245G202 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/31/2011
Security has been Called for: Tuesday, May 31, 2011
April 29, 2011 -- The Board of Trustees of The GDL Fund authorized the redemption of all (1,697,246 Shares) of its outstanding Series A Cumulative Callable Preferred Shares. The redemption date is May 31, 2011, and the redemption price is $50.7674 per Series A Preferred Share, which consists of $50.00 per Series A Preferred Share plus accumulated and unpaid dividends to the redemption date of $0.7674 per Series A Preferred Share. From and after the redemption date, the Series A Preferred Shares will no longer be deemed outstanding, dividends will cease to accumulate and all the rights of the Preferred Shareholders with respect to the Series A Preferred Shares will cease, except the right to receive the redemption price. Shareholders of record will be mailed a redemption notice. The paying agent for this redemption is American Stock Transfer & Trust Company, LLC. The Series A Preferred Shares, which trade on the New York Stock Exchange under the symbol “GDL Pr A”, have an annual dividend rate of $4.25 per share. The Series A Preferred Shares were issued on February 10, 2009 at $50.00 per share and pay distributions quarterly. The Series A Preferred Shares are subject to mandatory redemption in full on February 16, 2016 at the liquidation preference of $50.00 per share. The Series A Preferred Shares are callable at any time with 30 to 60 days prior notice at the liquidation preference of $50.00 per share plus any accumulated and unpaid dividends.
|
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: GDL Fund, formerly the Gabelli Global Deal Fund, 8.50% Series A Cumulative Callable Preferred Shares, liquidation preference $50 per share. The shares are redeemable any time on 30 to 60 days notice and are subject to mandatory redemption on 2/16/2016 at $50 per share plus accrued and unpaid dividends. Distributions of 8.50% ($4.25) per annum are paid quarterly on 3/26, 6/26, 9/26 & 12/26 to holders of record on the record date which will be the fifth business day prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (GDL)
IPO - 12/18/2008 - 2.12 Million Shares @ $50.00/share.
Link to IPO Prospectus
Previous Name: Gabelli Global Deal Fund, 8.50% Series A Cumulative Callable Preferred Shares Changed: 2/10/2011
Market Value $106.0 Million
|
Company's Online Information Links
|
| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: One Corporate Center, Rye, NY 10580 |
| Main Phone Number |
914-921-5100 |
| Fax Number |
914-921-5392 |
| Shareholder Services
|
800-336-6983
|
| Toll Free Phone Number |
800-422-3554 |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
