SCHEDULE 13G/A: Investment Adviser Joshua Alan Massey Discloses 10.5% Stake in GDL Fund Preferred Shares

Investment adviser Joshua Alan Massey has disclosed a 10.5% beneficial ownership stake in The GDL Fund's Series C Cumulative Puttable and Callable Preferred Shares as of December 31, 2024.

Summary

• Joshua Alan Massey, an investment adviser, has filed an Amendment No. 4 to Schedule 13G regarding his beneficial ownership in THE GDL FUND.
• The filing reports beneficial ownership of 72,213 Series C Cumulative Puttable and Callable Preferred Shares, par value $0.001, of THE GDL FUND.
• This ownership represents 10.5% of the total outstanding Series C Cumulative Puttable and Callable Preferred Shares.
• Mr. Massey holds sole dispositive power over all 72,213 shares and sole voting power over 2,325 shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing a significant ownership stake. It contains no financial performance data, strategic updates, or forward-looking statements that would indicate positive or negative sentiment.

Future Outlook

The document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance.

Industry Context

This filing is a standard regulatory disclosure of a significant ownership stake in a publicly traded fund's preferred shares. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders of The GDL Fund will be informed of a significant holder of the Series C Preferred Shares, indicating a notable investment position by Joshua Alan Massey.

Key Dates

Keywords

GDL Fund, Preferred Shares, Schedule 13G, Beneficial Ownership, Investment Adviser, SEC Filing, Series C Cumulative Puttable and Callable Preferred Shares