Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share
Bancroft Fund (NYSE American: BCV) has announced a cash distribution of $0.32 per share, payable on March 24, 2025, to shareholders of record on March 17, 2025. The Fund maintains a policy of distributing either 5% of its trailing 12-month average month-end market price or meeting minimum IRS requirements for regulated investment companies.
The current distribution comprises approximately 41% from net investment income and 59% from net capital gains on a book basis. The Board of Trustees reviews potential distributions quarterly, considering the Fund's net asset value and market conditions. The distribution policy may be modified or terminated at any time, and distributions might be treated as long-term capital gain or qualified dividend income, subject to a maximum 20% federal tax rate for individuals.
Il Bancroft Fund (NYSE American: BCV) ha annunciato una distribuzione in contante di $0,32 per azione, che sarà pagata il 24 marzo 2025, agli azionisti registrati il 17 marzo 2025. Il Fondo mantiene una politica di distribuzione pari al 5% della media mensile del prezzo di mercato degli ultimi 12 mesi o di soddisfare i requisiti minimi dell'IRS per le società di investimento regolate.
La distribuzione attuale è composta approssimativamente da 41% di reddito da investimenti netti e 59% di guadagni patrimoniali netti su base contabile. Il Consiglio di Amministrazione esamina le possibili distribuzioni su base trimestrale, considerando il valore netto degli attivi del Fondo e le condizioni di mercato. La politica di distribuzione può essere modificata o interrotta in qualsiasi momento e le distribuzioni potrebbero essere trattate come guadagni patrimoniali a lungo termine o come reddito da dividendi qualificati, soggetti a un'aliquota fiscale federale massima del 20% per gli individui.
El Bancroft Fund (NYSE American: BCV) ha anunciado una distribución en efectivo de $0.32 por acción, que se pagará el 24 de marzo de 2025, a los accionistas registrados el 17 de marzo de 2025. El Fondo mantiene una política de distribuir el 5% del precio de mercado promedio mensual de los últimos 12 meses o cumplir con los requisitos mínimos del IRS para las compañías de inversión reguladas.
La distribución actual comprende aproximadamente 41% de ingresos netos de inversiones y 59% de ganancias de capital netas sobre una base contable. La Junta de Fideicomisarios revisa las distribuciones potenciales trimestralmente, considerando el valor neto de los activos del Fondo y las condiciones del mercado. La política de distribución puede ser modificada o terminada en cualquier momento, y las distribuciones podrían ser tratadas como ganancias de capital a largo plazo o como ingresos por dividendos calificados, sujetos a una tasa impositiva federal máxima del 20% para individuos.
밴크로프트 펀드 (NYSE American: BCV)가 주당 $0.32의 현금 배당금을 발표했습니다. 이 배당금은 2025년 3월 24일에 지급되며, 2025년 3월 17일 기준 주주에게 지급됩니다. 이 펀드는 최근 12개월 평균 월말 시장 가격의 5%를 배당하거나 규제 투자 회사에 대한 IRS의 최소 요건을 충족하는 정책을 유지하고 있습니다.
현재 배당금은 41%는 순 투자 소득에서, 59%는 순 자본 이익에서 구성됩니다. 이사회는 펀드의 순 자산 가치와 시장 상황을 고려하여 분기마다 잠재적인 배당금을 검토합니다. 배당 정책은 언제든지 수정되거나 종료될 수 있으며, 배당금은 장기 자본 이익 또는 적격 배당 소득으로 처리될 수 있으며, 개인에 대한 최대 20%의 연방 세율이 적용됩니다.
Le Bancroft Fund (NYSE American: BCV) a annoncé une distribution en espèces de 0,32 $ par action, payable le 24 mars 2025, aux actionnaires enregistrés le 17 mars 2025. Le Fonds maintient une politique de distribution soit de 5 % de son prix de marché moyen à la fin du mois sur les 12 derniers mois, soit de satisfaire aux exigences minimales de l'IRS pour les sociétés d'investissement réglementées.
La distribution actuelle est composée d'environ 41 % de revenus nets d'investissement et 59 % de gains en capital nets sur une base comptable. Le Conseil d'administration examine les distributions potentielles chaque trimestre, en tenant compte de la valeur nette des actifs du Fonds et des conditions du marché. La politique de distribution peut être modifiée ou interrompue à tout moment, et les distributions peuvent être considérées comme des gains en capital à long terme ou des revenus de dividendes qualifiés, soumis à un taux d'imposition fédéral maximum de 20 % pour les particuliers.
Der Bancroft Fund (NYSE American: BCV) hat eine Barausschüttung von 0,32 $ pro Aktie angekündigt, die am 24. März 2025 an die Aktionäre ausgezahlt wird, die am 17. März 2025 im Aktienregister stehen. Der Fonds verfolgt eine Politik, entweder 5 % des durchschnittlichen Monatsendmarktkurses der letzten 12 Monate auszuschütten oder die Mindestanforderungen des IRS für regulierte Investmentgesellschaften zu erfüllen.
Die aktuelle Ausschüttung setzt sich aus etwa 41 % aus Nettokapitalerträgen und 59 % aus Nettokapitalgewinnen auf Buchbasis zusammen. Der Vorstand überprüft potenzielle Ausschüttungen vierteljährlich unter Berücksichtigung des Nettovermögenswerts des Fonds und der Marktbedingungen. Die Ausschüttungspolitik kann jederzeit geändert oder beendet werden, und Ausschüttungen können als langfristige Kapitalgewinne oder qualifizierte Dividenden behandelt werden, die einer maximalen bundesstaatlichen Steuer von 20 % für Einzelpersonen unterliegen.
- Consistent dividend distribution maintained at $0.32 per share
- Distribution policy ensures minimum 5% annual payout based on trailing market price
- Significant portion (59%) of distribution comes from capital gains, indicating positive investment performance
- None.
Insights
The announced
The fund's commitment to distribute the greater of
The detailed tax treatment disclosure, including the Medicare surcharge considerations and potential return of capital implications, reflects robust governance and transparency. For taxable investors, the significant capital gains component may offer tax advantages, as long-term capital gains are typically taxed at lower rates than ordinary income. The pro-rata allocation of different income types across all distributions helps maintain consistent tax treatment throughout the year, simplifying tax planning for shareholders.
RYE, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a
The Fund intends to pay the greater of either an annual distribution of
Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. If necessary, the Fund pays an adjusting distribution in December, which includes any additional income and net realized capital gains in excess of the quarterly distributions. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently
If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment company taxable income and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, the current distribution paid in 2025 to common shareholders with respect to the Fund’s fiscal year ending September 30, 2025 would include approximately
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:
Laurissa Martire
(914) 921-5399
About Bancroft Fund Ltd.
Bancroft Fund Ltd. is a diversified, closed-end management investment company with
NYSE American – BCV
CUSIP – 059695106
BANCROFT FUND LTD.
Investor Relations Contact:
Laurissa Martire
(914) 921-5399
lmartire@gabelli.com
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