Bancroft Fund Ltd. Increases Annual Distribution 10% to $1.40 From $1.28

Rhea-AI Summary

Bancroft Fund Ltd. (NYSE American: BCV) has announced a 10% increase in its quarterly distribution from $0.32 to $0.35 per share, effective December 2025. This change raises the annualized distribution rate to $1.40 from $1.28 per share.

The distribution increase reflects the Fund's strong performance, with a NAV total return of 20% year to date.

Positive

• Quarterly distribution increased by 10% to $0.35 per share
• Strong NAV total return of 20% year to date
• Annualized distribution rate increased to $1.40 from $1.28

Negative

• None.

RYE, N.Y., Aug. 26, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) increased the quarterly distribution to $0.35 per share. The increased quarterly distributions will commence with the distribution payable in December 2025. This is a 10% increase from $0.32 per share, bringing the annualized distribution rate to $1.40 from $1.28 per share. The increase underscores the strength of the Fund’s NAV total return of 20% year to date.

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 $164 million in total net assets. BCV invests primarily in convertible securities with the objectives of providing income and the potential for capital appreciation, objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

NYSE American – BCV
CUSIP – 059695106

Investor Relations Contact:
Laurissa Martire
(914) 921-5399
lmartire@gabelli.com

FAQ

What is Bancroft Fund's (BCV) new quarterly distribution amount?

Bancroft Fund's new quarterly distribution is $0.35 per share, increased from $0.32 per share, effective December 2025.

How much did Bancroft Fund (BCV) increase its distribution in 2025?

Bancroft Fund increased its distribution by 10%, raising the annualized rate to $1.40 from $1.28 per share.

What is Bancroft Fund's (BCV) year-to-date performance in 2025?

Bancroft Fund reported a NAV total return of 20% year to date in 2025.

When will BCV's increased quarterly distribution take effect?

The increased quarterly distribution of $0.35 per share will commence with the distribution payable in December 2025.