Focus Partners Wealth Decreases Stake in GDL FUND to 4.8%

Focus Partners Wealth filed a Schedule 13G/A on June 8, 2026, regarding its holdings in GDL FUND (GDL). The filing indicates a significant decrease in position, with the reporting person now disclosing an aggregate beneficial ownership of 0 shares. Previously, the filer held 572,788 shares. Despite reporting 0 shares as the aggregate amount beneficially owned, the filing notes that the entity maintains sole voting power over 530,195 shares. The resulting ownership percentage is reported as 4.8%, which falls below the 5% threshold typically requiring active disclosure, as confirmed by the affirmative response in Item 5 regarding ownership of 5% or less. The shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This amendment reflects an event date of May 31, 2026, and marks a transition from a previously larger position to a minority stake.