Funds / GDL
GDL The GDL Fund
Gabelli Funds · pays quarterly · 2.8% expense ratio
Latest payout
$0.1200
paid Sep 23, 2026
Return of capital
8%
Sep 23 payout · estimated (19a-1)
Next ex-date
Dec 14, 2026
pays ~Dec 21 · projected dates
Distribution rate
5.76%
issuer’s annualized rate, Sep 30, 2026
Payouts per share
- Income (the berries)
- Return of capital (a cutting from the bush)
- Return of capital, estimated
- Split not published
What the past year did to your cost basis
Holding 100 shares of GDL through the last 5 payouts, you’d have collected $50.00. About $3.39 of it (14%) was return of capital: not taxed when paid, but it came off your cost basis, which raises the gain when you sell.
Only payouts with a published split are counted in the return-of-capital figure.
Uses the issuer’s final Form 8937 figures where filed and 19a-1 estimates otherwise. Gooseberry does this per lot, with your real purchase dates.
Upcoming dates
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| Dec 14, 2026 | Dec 21, 2026 | — | Projected |
| Feb 11, 2027 | Feb 12, 2027 | — | Projected |
To be paid, you need to own shares before the ex-date. “Projected” dates are estimated from the fund’s usual schedule until the issuer announces them.
Payout history
| Paid | Per share | Return of capital |
|---|---|---|
| Sep 23, 2026 | $0.1200 | 8% estimated (19a-1) |
| Jun 23, 2026 | $0.1200 | Not published |
| Mar 24, 2026 | $0.1200 | Not published |
| Feb 13, 2026 | $0.0200 | Not published |
| Dec 19, 2025 | $0.1200 | 21% final (Form 8937) |
| Sep 23, 2025 | $0.1200 | 21% final (Form 8937) |
| Jun 23, 2025 | $0.1200 | 21% final (Form 8937) |
| Mar 24, 2025 | $0.1200 | 21% final (Form 8937) |
| Dec 20, 2024 | $0.1200 | 19% final (Form 8937) |
| Sep 23, 2024 | $0.1200 | 19% final (Form 8937) |
| Jun 21, 2024 | $0.1200 | 19% final (Form 8937) |
| Mar 21, 2024 | $0.1200 | 19% final (Form 8937) |
Fund facts
- Issuer
- Gabelli Funds
- Exchange
- NYSE
- Pays
- Quarterly
- Inception
- Jan 31, 2007
- Expense ratio
- 2.8%
- Net assets
- $119M
- Price
- $8.34 · Sep 30, 2026
- CUSIP
- 361570104
Issuer documents
Latest 19a-1 notices
Form 8937 (final return of capital)
Data from Gabelli Funds’s public disclosures, updated Oct 1, 2026, 11:28 AM ET. Not investment or tax advice.