Bancroft Fund - BCV STOCK NEWS

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.

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.

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.

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.

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.