Joshua Alan Massey Holds 75,568 GDL Fund Preferred Shares

TL;DR

**Joshua Alan Massey still owns 75,568 GDL Fund preferred shares, signaling continued confidence.**

AI Summary

Joshua Alan Massey, a Massachusetts-based individual, filed an amendment (SC 13G/A) on February 5, 2024, disclosing his beneficial ownership in The GDL Fund's Series C Cumulative Puttable and Callable Preferred Shares. As of December 31, 2023, Massey beneficially owns 75,568 shares, representing a significant stake in this specific class of securities. This matters to investors because it shows a notable individual investor's continued, substantial position in the preferred shares, which could signal confidence or a long-term investment strategy in this income-generating asset.

Why It Matters

This filing indicates a significant individual investor's continued stake in GDL Fund's preferred shares, suggesting a potential long-term conviction in the security's value or income generation.

Risk Assessment

Risk Level: low — This filing is an amendment to a Schedule 13G, indicating a passive investment and not a change in control, thus posing low risk.

Analyst Insight

Investors should note the continued, substantial holding by Joshua Alan Massey in GDL Fund's preferred shares, which could be a signal of long-term confidence in the security's income potential, but should conduct their own due diligence on the fund's overall performance and preferred share characteristics.

Key Numbers

• 75,568 — Aggregate Amount Beneficially Owned (Number of Series C Preferred Shares Joshua Alan Massey owns in The GDL Fund as of December 31, 2023.)
• 2,325 — Sole Voting Power (Number of shares Joshua Alan Massey has sole voting power over.)
• 361570401 — CUSIP Number (Unique identifier for The GDL Fund's Series C Cumulative Puttable and Callable Preferred Shares.)
• 20231231 — Date of Event (The date as of which the beneficial ownership was determined, requiring this filing.)

Key Players & Entities

• Joshua Alan Massey (person) — reporting person, beneficial owner of shares
• The GDL Fund (company) — issuer of the securities
• Series C Cumulative Puttable and Callable Preferred Shares (company) — class of securities owned by Massey
• Massachusetts (company) — citizenship or place of organization for Joshua Alan Massey

Forward-Looking Statements

• Joshua Alan Massey will maintain a significant, passive stake in GDL Fund's preferred shares. (Joshua Alan Massey) — high confidence, target: 2025-12-31
• The GDL Fund's preferred shares will continue to be an attractive income-generating asset for investors. (The GDL Fund) — medium confidence, target: 2024-12-31

FAQ

Key Financial Figures

• $0.001 — nd Callable Preferred Shares, par value $0.001 (Title of Class of Securities) 3615

Filing Documents

• b22248sc13ga3.htm (SC 13G/A) — 40KB
• 0001214659-24-001911.txt ( ) — 42KB

(a)

Item 1(a). Name of Issuer: The GDL Fund

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: One Corporate Center, Rye, NY 10580-1422

(a)

Item 2(a). Name of Person Filing: Joshua Alan Massey

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 17 North Main Street, Ipswich, MA 01938

(c)

Item 2(c). Citizenship: USA

(d)

Item 2(d). Title of Class of Securities: Series C Cumulative Puttable and Callable Preferred Shares, par value $0.001

(e)

Item 2(e). CUSIP Number: 361570401 3 Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act; (b) o Bank as defined in Section 3(a)(6) of the Act; (c) o Insurance company as defined in Section 3(a)(19) of the Act; (d) o Investment company registered under Section 8 of the Investment Company Act of 1940; (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) o A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 75,568 (b) Percent of Class: 11.0% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 2325 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 75,568 (iv) shared power to dispose or to direct the disposition of: 0 4 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owne

View Full Filing

View this SC 13G/A filing on SEC EDGAR