[SCHEDULE 13G/A] BANCROFT FUND LTD Amended Passive Investment Disclosure
Ameriprise reports 4.5% stake in Bancroft Fund Ltd
Ameriprise Financial, Inc. and its subsidiary Ameriprise Financial Services, LLC report beneficial ownership of 250,913 shares of Bancroft Fund Ltd common stock, representing 4.5% of the class.
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Ameriprise Financial, Inc. and its subsidiary Ameriprise Financial Services, LLC report beneficial ownership of 250,913 shares of Bancroft Fund Ltd common stock, representing 4.5% of the class. They report shared voting power over 700 shares and shared dispositive power over 250,913 shares, with no sole voting or dispositive power. Ameriprise notes that, as parent of the subsidiary, it may be deemed to beneficially own the same shares, but each entity disclaims beneficial ownership of the shares reported. The filing states that the position represents ownership of 5 percent or less of the class.
Key Figures
Shares beneficially owned:250,913 sharesPercent of class:4.5%Shared voting power:700 shares+3 more
6 metrics
Shares beneficially owned250,913 sharesCommon stock of Bancroft Fund Ltd reported by Ameriprise entities
Percent of class4.5%Portion of Bancroft Fund Ltd common stock represented by 250,913 shares
Shared voting power700 sharesShares over which Ameriprise entities share voting power
Sole voting power0 sharesShares over which Ameriprise entities have sole voting power
Shared dispositive power250,913 sharesShares over which Ameriprise entities share dispositive power
Sole dispositive power0 sharesShares over which Ameriprise entities have sole dispositive power
"AFI, as the parent company of AFS, may be deemed to beneficially own the shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared dispositive powerfinancial
"8 | Shared Dispositive Power 250,913.00"
shared voting powerfinancial
"6 | Shared Voting Power 700.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
parent holding companyfinancial
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
Schedule 13Gfinancial
"Ownership of any shares reported on this Schedule"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Bancroft Fund Ltd (BCV) does Ameriprise report owning?
Ameriprise Financial and its subsidiary report beneficial ownership of 4.5% of Bancroft Fund Ltd’s common stock. This is based on 250,913 shares reported on the Schedule 13G/A as of the stated date.
How many Bancroft Fund Ltd (BCV) shares does Ameriprise report on this Schedule 13G/A?
Ameriprise entities report beneficial ownership of 250,913 shares of Bancroft Fund Ltd common stock. These shares correspond to an indicated 4.5% of the class, with the parent and subsidiary reporting the same position.
What voting power does Ameriprise have over Bancroft Fund Ltd (BCV) shares?
Ameriprise reports 0 shares with sole voting power and 700 shares with shared voting power. It also reports no sole dispositive power and shared dispositive power over 250,913 shares of Bancroft Fund Ltd.
Do Ameriprise entities claim full beneficial ownership of their Bancroft Fund Ltd (BCV) position?
No. Ameriprise Financial and Ameriprise Financial Services each disclaim beneficial ownership of the shares reported. The parent may be deemed to own shares reported by the subsidiary, but both include explicit disclaimers.
What does Item 5 indicate about Ameriprise’s Bancroft Fund Ltd (BCV) holdings?
Item 5 states that the position represents ownership of 5 percent or less of the class. This confirms that Ameriprise’s reported 4.5% stake in Bancroft Fund Ltd common stock is below the 5% threshold.
Which Ameriprise subsidiaries are involved in the Bancroft Fund Ltd (BCV) ownership filing?
The filing identifies Ameriprise Financial, Inc. (AFI) and its subsidiary Ameriprise Financial Services, LLC (AFS). AFI, as parent, may be deemed to beneficially own shares reported by AFS, and the relevant subsidiary is referenced in Exhibit I.
Address or principal business office or, if none, residence:
(a) 145 Ameriprise Financial Center, Minneapolis, MN 55474
(b) 5227 Ameriprise Financial Center, Minneapolis, MN 55474
(c)
Citizenship:
(a) Delaware
(b) Delaware
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
059695106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Incorporated by reference to Items (5)-(9) and (11) of the cover page pertaining to each reporting person.
AFI, as the parent company of AFS, may be deemed to beneficially own the shares reported herein by AFS. Accordingly, the shares reported herein by AFI include those shares separately reported herein by AFS.
Each of AFI and AFS disclaims beneficial ownership of any shares reported on this Schedule.
(b)
Percent of class:
The information required by Item 4(b) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
AFI: See Exhibit I
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Ameriprise Financial, Inc.
Signature:
/s/ Michael G. Clarke
Name/Title:
Michael G. Clarke, Senior Vice President, North America Head of Operations & Investor Services
Date:
08/14/2026
Ameriprise Financial Services, LLC
Signature:
/s/ Brett Flansburg
Name/Title:
Brett Flansburg, Vice President Compliance
Date:
08/14/2026
Comments accompanying signature:
Contact Information
Charles Chiesa
VP Fund Treasurer Global Operations and Investor Services
Telephone: 617-385-9593
Exhibit Information
Exhibit Index
Exhibit I Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company.
Exhibit II Joint Filing Agreement
