 RYE, N.Y.--BUSINESS WIRE--The Board of Trustees of The GDL Fund NYSE:GDL the Fund declared a 0.12 per share cash distribution payable on June 23, 2021 to common shareholders of record on June 16, 2021. The Board of Trustees will continue to monitor the Funds distribution level, taking into consideration the Funds net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund. The Fun 