Relative Value Partners Discloses Passive Stake in GDL FUND
Ticker: GDL · Form: SC 13G · Filed: Feb 12, 2024 · CIK: 1378701
| Field | Detail |
|---|---|
| Company | Gdl Fund (GDL) |
| Form Type | SC 13G |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Relative Value Partners Group just revealed a passive stake in GDL FUND as of year-end 2023.**
AI Summary
Relative Value Partners Group, LLC, a Delaware-organized entity, filed an SC 13G on February 12, 2024, disclosing its ownership of Common Shares of Beneficial Interest in GDL FUND (CUSIP 361570104) as of December 31, 2023. This filing indicates that Relative Value Partners Group holds a significant, but passive, stake in GDL FUND, which is important for investors as it signals a notable institutional investor's confidence in the fund without suggesting an intent to influence management.
Why It Matters
This filing shows a major institutional investor, Relative Value Partners Group, LLC, has taken a passive position in GDL FUND, which can be seen as a vote of confidence in the fund's strategy and future performance.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a passive investment, indicating no immediate risk or significant change in company control.
Analyst Insight
An investor should note that a reputable institutional investor has a passive stake in GDL FUND, which could be a positive signal, but this filing alone doesn't suggest any immediate catalysts for price movement or changes in company strategy.
Key Numbers
- 361570104 — CUSIP Number (identifies the Common Shares of Beneficial Interest of GDL FUND)
- 0001649910-24-000005 — Accession Number (unique identifier for this specific SEC filing)
Key Players & Entities
- Relative Value Partners Group, LLC (company) — the entity filing the SC 13G
- GDL FUND (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 2024 (date) — the filing date of the SC 13G
- Delaware (company) — place of organization for Relative Value Partners Group, LLC
Forward-Looking Statements
- Relative Value Partners Group, LLC will maintain a passive investment in GDL FUND. (Relative Value Partners Group, LLC) — high confidence, target: Next 12 months
- GDL FUND's stock price will not be significantly impacted by this passive filing alone. (GDL FUND) — medium confidence, target: Next 3 months
FAQ
Who filed this SC 13G statement?
The SC 13G statement was filed by Relative Value Partners Group, LLC, with TIN 47-4067697, organized in Delaware.
What company's securities are the subject of this filing?
The subject company is GDL FUND, which issues Common Shares of Beneficial Interest with CUSIP Number 361570104.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
What is the business address of the reporting person, Relative Value Partners Group, LLC?
The business address for Relative Value Partners Group, LLC is 1033 SKOKIE BLVD., SUITE 470, NORTHBROOK, IL, 60062.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 12, 2024 regarding GDL FUND (GDL).