The GDL Fund is a closedended equity mutual fund launched by GAMCO Investors Inc It is managed by Gabelli Funds LLC The fund invests in public equity markets across the globe It invests in stocks of companies operating across diversified sectors The fund invests in securities of companies involved in publicly announced mergers takeovers tender offers and leveraged buyouts It also invests in companies undergoing corporate reorganizations involving stubs spinoffs and liquidations The fund benchmarks the performance of its portfolio against Bank of America Merrill Lynch 3 Month US Treasury Bill Index It was formerly known as Gabelli Global Deal Fund The GDL Fund was formed on October 17 2006 and is domiciled in the United States