Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share
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.
Il Bancroft Fund (NYSE American:BCV) ha dichiarato una distribuzione in contante di $0,32 per azione che sarà pagata il 23 settembre 2024, agli azionisti registrati il 16 settembre 2024. Il Fondo mira a distribuire annualmente il 5% della media mensile del prezzo di mercato negli ultimi 12 mesi oppure un importo che soddisfi il requisito minimo di distribuzione per le società di investimento regolate.
La distribuzione può includere il 38% da reddito da investimento netto, il 18% da guadagni di capitale netti e il 44% come restituzione di capitale. Gli azionisti dovrebbero notare che il tasso di distribuzione non riflette il rendimento da dividendi del Fondo né il rendimento totale. Il Consiglio di Amministrazione esamina regolarmente il livello di distribuzione, tenendo in considerazione fattori quali il valore netto degli attivi e le condizioni di mercato.
El Bancroft Fund (NYSE American:BCV) ha declarado una distribución en efectivo de $0.32 por acción que se pagará el 23 de septiembre de 2024, a los accionistas registrados el 16 de septiembre de 2024. El Fondo tiene como objetivo distribuir anualmente el 5% de su precio de mercado promedio a fin de mes de los últimos 12 meses o una cantidad que cumpla con el requisito mínimo de distribución para las compañías de inversión reguladas.
La distribución puede incluir el 38% de ingresos netos por inversiones, el 18% de ganancias de capital netas y el 44% como retorno de capital. Los accionistas deben tener en cuenta que la tasa de distribución no es indicativa del rendimiento por dividendos del Fondo ni del rendimiento total. La Junta de Fideicomisarios revisa regularmente el nivel de distribución, considerando factores como el valor neto de los activos y las condiciones del mercado.
뱅크로프트 펀드 (NYSE American:BCV)는 2024년 9월 23일에 주당 $0.32 현금 배당금을 지급할 것이라고 발표했으며, 2024년 9월 16일 기준 주주에게 지급됩니다. 이 펀드는 매년 지난 12개월 평균 월말 시장 가격의 5% 또는 규제된 투자 회사에 대한 최소 배당 요구 사항을 충족하는 금액을 분배하는 것을 목표로 합니다.
분배는 38%는 순투자소득, 18%는 순자본이득, 44%는 자본환급을 포함할 수 있습니다. 주주는 분배율이 펀드의 배당 수익률이나 총 수익을 나타내지 않는다는 점을 유의해야 합니다. 임원들은 순자산 가치와 시장 상황과 같은 요소를 고려하여 분배 수준을 정기적으로 검토합니다.
Le Bancroft Fund (NYSE American:BCV) a déclaré une distribution en espèces de 0,32 $ par action qui sera versée le 23 septembre 2024, aux actionnaires enregistrés le 16 septembre 2024. Le Fonds vise à distribuer annuellement soit 5 % de son prix moyen de marché à la fin du mois des 12 derniers mois, soit un montant répondant au minimum requis pour les sociétés d'investissement réglementées.
La distribution peut inclure 38 % de revenus nets d'investissement, 18 % de plus-values nettes et 44 % comme retour de capital. Les actionnaires doivent noter que le taux de distribution n'est pas indicatif du rendement des dividendes du Fonds ni du rendement total. Le Conseil d'Administration examine régulièrement le niveau de distribution en tenant compte de facteurs tels que la valeur nette des actifs et les conditions du marché.
Der Bancroft Fund (NYSE American:BCV) hat eine Barausschüttung von $0,32 pro Aktie bekannt gegeben, die am 23. September 2024 an die am 16. September 2024 eingetragenen Aktionäre ausgezahlt wird. Der Fonds zielt darauf ab, jährlich entweder 5% des durchschnittlichen Monatsendmarktkurses der letzten 12 Monate oder einen Betrag auszuschütten, der das Mindestverteilungserfordernis für regulierte Investmentgesellschaften erfüllt.
Die Ausschüttung kann 38% aus NettoanlagenEinkommen, 18% aus Nettokapitalgewinnen und 44% als Rückerstattung von Kapital umfassen. Aktionäre sollten beachten, dass der Ausschüttungsatz nicht indikativ für die Dividendenrendite oder die Gesamtrendite des Fonds ist. Der Vorstand prüft regelmäßig den Ausschüttungsgrad unter Berücksichtigung von Faktoren wie dem Nettovermögen und den Marktbedingungen.
- Consistent quarterly cash distribution of $0.32 per share
- Distribution policy aims to provide either 5% of trailing 12-month average market price or meet minimum IRS requirements
- Board of Trustees actively monitors and adjusts distribution levels based on market conditions
- 44% of the distribution may be considered a return of capital, potentially reducing shareholder's cost basis
- Distribution rate should not be considered as dividend yield or total return on investment
- Distributions may be subject to a 3.8% Medicare surcharge for certain high-income individuals
RYE, N.Y., Aug. 23, 2024 (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, each of the distributions paid in 2024 to common shareholders with respect to the Fund’s fiscal year ending September 30, 2024 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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