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Bancroft Fund Ltd. - BCV STOCK NEWS

Welcome to our dedicated page for Bancroft Fund Ltd. news (Ticker: BCV), a resource for investors and traders seeking the latest updates and insights on Bancroft Fund Ltd. stock.

Bancroft Fund Ltd. (symbol: BCV) is a diversified closed-end management company that operates as a closed-ended equity mutual fund. The primary objective of Bancroft Fund Ltd. is to provide income and potential for capital appreciation to its investors. To achieve these goals, the company invests in a variety of convertible and equity securities, allowing it to capitalize on opportunities across different sectors such as Computer Software and Services, Energy and Utilities, and Health Care.

Bancroft Fund Ltd. is a part of the broader umbrella of GAMCO Investors, Inc., a well-established provider of investment advisory services. Founded by Mario J. Gabelli in 1977, GAMCO Investors is renowned for its research-driven approach to equity investing and its unique Private Market Value (PMV) with a Catalyst™ stock selection strategy. As of December 31, 2016, GAMCO Investors managed assets worth $39.7 billion, with 95% invested in equities through its registered investment advisers: GAMCO Asset Management Inc. and Gabelli Funds, LLC.

Recent achievements and projects of Bancroft Fund Ltd. highlight its commitment to delivering value to its shareholders. The company's diversified investment approach ensures that it remains well-positioned to navigate various market conditions while seeking out opportunities for growth and income. As it invests in convertible and equity securities, Bancroft Fund Ltd. harnesses the potential for superior returns, coupled with an emphasis on managing risk effectively.

Financially, Bancroft Fund Ltd. continues to demonstrate robustness, supported by the extensive expertise and strategic vision of GAMCO Investors. The collaboration with GAMCO ensures that Bancroft Fund Ltd. benefits from a wealth of research and insights, ultimately aimed at enhancing shareholder value.

For those seeking current updates and news about Bancroft Fund Ltd., the latest information is continually made available through investor relations contacts and updates.

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Bancroft Fund (BCV) has declared a $0.32 per share cash distribution payable on December 30, 2024, to shareholders of record on November 22, 2024. Shareholders can receive the distribution in cash or beneficial shares, with an option expiration date of December 13, 2024. The Fund aims to distribute annually either 5% of its trailing 12-month average month-end market price or meet minimum IRS requirements. The distribution components may include long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, allocated pro-rata across all distributions for the year.

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Bancroft Fund (NYSE American:BCV) has declared a $0.32 per share cash distribution payable on September 23, 2024, to shareholders of record on September 16, 2024. The Fund aims to distribute annually either 5% of its trailing 12-month average month-end market price or an amount meeting the minimum distribution requirement for regulated investment companies.

The distribution may include 38% from net investment income, 18% from net capital gains, and 44% as a return of capital. Shareholders should note that the distribution rate is not indicative of the Fund's dividend yield or total return. The Board of Trustees regularly reviews the distribution level, considering factors such as net asset value and market conditions.

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The Bancroft Fund (NYSE American: BCV) announced a $0.32 per share cash distribution payable on June 21, 2024, for shareholders of record as of June 13, 2024. The Fund's policy is to distribute the greater of either an annual 5% of its 12-month average market price or the minimum IRS-required amount for regulated investment companies. The Board of Trustees reviews distributions quarterly, considering the Fund’s net asset value and market conditions. Distributions may be adjusted in December to account for additional income and capital gains. Approximately 31% of 2024 distributions are from net investment income and 69% from return of capital. Tax implications vary based on individual circumstances and will be detailed in Form 1099-DIV sent in early 2025.

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Bancroft Fund Ltd. (BCV) declares a $0.32 per share cash distribution payable on March 21, 2024, to common shareholders of record on March 14, 2024, following a policy of paying an annual distribution of 5% of the Fund's trailing 12-month average month-end market price. The Fund's distribution policy is subject to modification by the Board of Trustees, with potential tax implications for shareholders.
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BCV - Bancroft Fund Ltd. Declares $0.32 Cash Distribution, Offering Options for Shareholders. The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) declared a $0.32 per share cash distribution payable on December 28, 2023, to common shareholders of record on November 22, 2023. Shareholders have the option to receive the distribution in cash or in beneficial shares of the Fund. The distribution is taxable to shareholders, and the expiration date of the option is December 14, 2023. The Fund's distribution policy is subject to modification or termination by the Board of Trustees at any time.
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Bancroft Fund Ltd. declares $0.32 per share cash distribution payable on September 22, 2023.
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The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) has declared a $0.32 cash distribution per share, payable on March 24, 2023, to shareholders of record on March 17, 2023. The Fund aims for an annual distribution of at least 5% of its trailing 12-month average market price or what meets the minimum distribution requirement for regulated investment companies. Currently, 19% of the distribution is sourced from net investment income, while 81% comes from net capital gains. All distributions may be partially taxable, and the final determination of the sources will be disclosed in 2024 via Form 1099-DIV.

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The Board of Trustees of Bancroft Fund Ltd. (BCV) has announced a cash distribution of $0.32 per share, payable on December 28, 2022, to shareholders of record as of November 23, 2022. Non-automatic Dividend Investment Plan members can opt to receive it in cash or shares before the December 14, 2022 deadline. The Fund aims for a minimum annual distribution of 5% of its trailing 12-month average market price. In 2022, approximately 29% of distributions were from net investment income, 69% from net capital gains, and 2% as return of capital.

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The Board of Trustees of Bancroft Fund Ltd. (BCV) announced a cash distribution of $0.32 per share, payable on September 23, 2022, to shareholders on record as of September 16, 2022. The Fund aims to meet an annual distribution of at least 5% of its average market price or fulfill IRS minimum requirements. The distribution policy is under regular review and may change. For 2022, approximately 3% of distributions are from net investment income while 97% is from net capital gains. Tax implications for shareholders are provided in upcoming notifications.

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FAQ

What is the current stock price of Bancroft Fund Ltd. (BCV)?

The current stock price of Bancroft Fund Ltd. (BCV) is $18.29 as of November 20, 2024.

What is the market cap of Bancroft Fund Ltd. (BCV)?

The market cap of Bancroft Fund Ltd. (BCV) is approximately 106.1M.

What is Bancroft Fund Ltd.?

Bancroft Fund Ltd. is a diversified closed-end management company that operates as a closed-ended equity mutual fund, focusing on providing income and potential for capital appreciation.

What types of securities does Bancroft Fund Ltd. invest in?

Bancroft Fund Ltd. invests in convertible and equity securities across various industries including Computer Software and Services, Energy and Utilities, and Health Care.

What is the primary objective of Bancroft Fund Ltd.?

The primary objective of Bancroft Fund Ltd. is to provide income and potential for capital appreciation to its investors.

Who is the founder of GAMCO Investors, Inc.?

Mario J. Gabelli founded GAMCO Investors, Inc. in 1977.

What is the investment strategy of GAMCO Investors, Inc.?

GAMCO Investors, Inc. is known for its research-driven approach to equity investing and its proprietary Private Market Value (PMV) with a Catalyst™ stock selection strategy.

How much assets under management (AUM) did GAMCO Investors have as of December 31, 2016?

As of December 31, 2016, GAMCO Investors had $39.7 billion in assets under management (AUM).

What are the two registered investment advisers under GAMCO Investors?

The registered investment advisers under GAMCO Investors are GAMCO Asset Management Inc. and Gabelli Funds, LLC.

Does Bancroft Fund Ltd. provide regular updates to its investors?

Yes, Bancroft Fund Ltd. provides regular updates and news through its investor relations contacts.

What is the relationship between Bancroft Fund Ltd. and GAMCO Investors, Inc.?

Bancroft Fund Ltd. is part of the GAMCO Investors, Inc. family, benefiting from its extensive research and investment expertise.

Who can I contact for more information about Bancroft Fund Ltd.?

For more information, you can contact Laurissa Martire, Investor Relations, at (914) 921-5399 or via email at lmartire@gabelli.com.

Bancroft Fund Ltd.

NYSE:BCV

BCV Rankings

BCV Stock Data

106.14M
5.87M
2.96%
26.02%
0.26%
Asset Management
Financial Services
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United States of America
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