 The Board of Trustees of The GDL Fund NYSE:GDL the Fund declared a 0.10 per share cash distribution payable on March 24, 2020 to common shareholders of record on March 17, 2020. The Board of Trustees authorized a 20 increase in the quarterly distribution from 0.10 per share to 0.12 per share for the June 2020 distribution which increases the annual distribution 15 to 0.46 per share from 0.40 per share. 