X0305 4 2012-03-30 0 0001378701 GDL FUND GDL.B 0001185533 GABELLI MARIO J C/O GAMCO INVESTORS, INC ONE CORPORATE CENTER RYE NY 10580 1 0 0 1 Control Person of Adviser Series B Cumulative Puttable and Callable Preferred Shares 2012-03-30 4 P 0 1100 50.3141 A 116100 I GGCP, Inc. Series B Cumulative Puttable and Callable Preferred Shares 85100 I GAMCO Investors, Inc. Series B Cumulative Puttable and Callable Preferred Shares 425148 D The shares reported reflect the total shares owned by GGCP, Inc. (GGCP). Mario J. Gabelli is the Chief Executive Officer, a director, and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest. The shares reported reflect the total shares owned by GAMCO Investors, Inc. (GAMCO). Mario J. Gabelli is the Chairman, Chief Executive Officer, and controlling shareholder of GAMCO. Mr. Gabelli has less than a 100% interest in GAMCO and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest. Douglas R. Jamieson as Attorney-in-Fact for Mario J. Gabelli 2012-04-03