Welcome to our dedicated page for Bancroft Fund SEC filings (Ticker: BCV), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
gamco investors, inc. (nyse:gbl) is a well-established provider of investment advisory services to open and closed-end funds, institutional, and private wealth management investors. since mario j. gabelli founded the firm in 1977, gamco has been recognized for its research driven approach to equity investing and our proprietary private market value (pmv) with a catalyst™ stock selection strategy. as of december 31, 2016, the company has $39.7 billion aum, 95% of which is invested in equities, principally through our two registered investment advisers: gamco asset management inc. (“institutional and private wealth management”) and gabelli funds, llc (“funds”). g.distributors, llc (“g.distributors”) acts as an underwriter and distributor for our open-end funds.Ameriprise Financial filed a Schedule 13G reporting a passive stake in Bancroft Fund Ltd. (BCV). As of 09/30/2025, Ameriprise Financial, Inc. reported 306,950 shares, representing 5.3% of the class, with shared voting power of 700 and shared dispositive power of 306,950. Its affiliate, Ameriprise Financial Services, LLC, reported 306,250 shares, also 5.3%, with no voting power and shared dispositive power of 306,250.
The filing is on a Schedule 13G, indicating the shares are held in the ordinary course and not for the purpose of changing or influencing control. Each reporting person disclaims beneficial ownership beyond what is stated.
Saba Capital Management filed Amendment No. 3 to Schedule 13D on Bancroft Fund Ltd. (BCV), reporting beneficial ownership of 355,835 common shares, representing 6.07% of the class. The percentage is based on 5,862,058 shares outstanding as of 3/31/25.
Saba and its affiliates report shared voting and dispositive power over 355,835 shares and no sole power. The filing states an aggregate purchase consideration of approximately $6,366,769. The date of the event requiring the filing is 10/29/2025, and the amendment updates Items 3, 5, and 7. Recent transactions within sixty days are listed in Schedule A.
Mario J. Gabelli filed a Form 4 reporting the sale of 1,000 Bancroft Fund Ltd (BCV) common shares on 10/20/2025 at a price of $23.4265 per share.
Following the reported transaction, the filing lists 131,000 shares held directly and 27,000 shares held indirectly through Associated Capital Group, Inc. (ACG). The note states Mr. Gabelli is Executive Chair and controlling shareholder of ACG and disclaims beneficial ownership of shares held by ACG beyond his indirect pecuniary interest. The form identifies him as a Director and “Control Person of Adviser” to the issuer.
Saba Capital and affiliates report owning 295,200 common shares of Bancroft Fund Ltd., representing 5.04% of the outstanding shares based on 5,862,058 shares. The Schedule 13D/A (Amendment No. 2) was filed to amend Items 3, 5 and 7 and shows the position is held jointly by Saba Capital Management, L.P., Saba Capital Management GP, LLC and Boaz R. Weinstein. Purchase funds came from investor subscriptions, capital appreciation and margin borrowings, and the aggregate purchase cost reported for these shares is approximately $4,983,909. Reported voting and dispositive power is shared, with no sole voting or dispositive power claimed.
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