Bancroft Fund Stock Price, News & Analysis

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.

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.

The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) has declared a cash distribution of $0.32 per share, payable on June 23, 2022, to shareholders of record as of June 15, 2022. The Fund aims to distribute the greater of 5% of its annual market price or meet minimum Internal Revenue Code requirements for regulated investment companies. The Fund's distribution policy is subject to change based on market conditions and net asset value, and components of the distribution will include long-term capital gains and qualified dividend income.

Bancroft Fund Ltd. (BCV) declared a cash distribution of $0.32 per share, payable on March 24, 2022, to shareholders on record as of March 17, 2022. The Fund aims for a minimum annual distribution of 5% based on its trailing 12-month average market price or IRS minimum requirements. It may adjust distributions based on net asset value and market conditions. The Fund generated approximately 1% from net investment income and 99% from net capital gains in 2022. Total net assets of the Fund are $183 million.

Bancroft Fund Ltd. (NYSE: BCV) announced a cash distribution of $3.17 per share, payable on December 28, 2021. This brings total distributions for 2021 to $4.13 per share, representing a 32% increase from $3.12 in 2020. Shareholders can choose to receive the distribution in cash or shares, with the deadline for decisions set for December 15, 2021. The Fund, managed by Gabelli Funds, LLC, has total net assets of $216 million and primarily invests in convertible securities to provide income and capital appreciation.

The Board of Trustees of Bancroft Fund Ltd. (BCV) declared a cash distribution of $0.32 per share, payable on September 23, 2021, to shareholders of record on September 16, 2021. The Fund aims for an annual distribution of at least 5% of its trailing 12-month market price or the minimum required by the Internal Revenue Code. The Board reviews potential distributions quarterly, and adjustments may occur in December based on earnings. Distribution components will be notified to shareholders for tax purposes, and the Fund has total net assets of $207 million.

The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) declared a cash distribution of $0.32 per share, payable on June 23, 2021, to shareholders of record on June 16, 2021. The Fund aims for an annual distribution of 5% of its trailing 12-month average market price or the minimum required by the Internal Revenue Code. The Board will review distributions quarterly and may make adjustments if necessary. The Fund, with total net assets of $197 million, primarily invests in convertible securities, focusing on income and potential capital appreciation.

Bancroft Fund Ltd. (NYSE American: BCV) has declared a cash distribution of $0.32 per share, payable on March 24, 2021, to shareholders of record as of March 17, 2021. In 2020, total distributions reached $3.12 per share, exceeding 5% of the average market price of $1.24. The Fund plans to pay either 5% of its market price or the minimum distribution required by the IRS. The distribution components include long-term capital gains and qualified dividends, with a considerable portion from net capital gains.