Amendment to Schedule 13D Filing for GDL Fund

This filing is an amendment to a Schedule 13D, reporting changes in beneficial ownership of GDL Fund's Common Shares. The Reporting Persons, including GAMCO INVESTORS, INC. ET AL, collectively beneficially own 46.02% of the outstanding shares, amounting to 5,043,647 shares. This increase in ownership percentage is attributed to a decrease in the total number of outstanding shares by the Issuer. The filing details the principal business activities and addresses of the various Reporting Persons, which include investment management, advisory services, and holding companies. It also outlines the transaction purpose, noting that the Schedule 13D is filed to ensure compliance with reporting obligations despite potential eligibility for a shorter form. Transactions in the past sixty days are detailed, with a specific transaction noted for Mario J. Gabelli on 2/23/2026 involving the sale of 800 shares at $8.5200 per share. The filing also clarifies voting and dispositive powers, with exceptions noted for Gabelli Funds and special circumstances. Individual ownership percentages for key Reporting Persons such as Associated Capital Group, Inc. (16.85%) and Mario Gabelli (25.51%) are provided.