Bancroft Fund Ltd

Bancroft Fund Ltd. (NYSE MKT: BCV) operates as a closed-end, diversified management company and invests primarily in convertible securities with the objectives of providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests.

The Bancroft Fund offers a 7.12% yield, outperforming most domestic stock or bond indices but lagging behind its peers in yield and historical performance. The fund primarily invests in convertible bonds, which provide equity-like gains and inflation protection, making it appealing for income-focused investors wary of traditional bonds. Despite underperforming in the first half of 2024, the fund's net asset value has been up since May, and it fully covered its distributions through unrealized capital gains.

BCV: Decent, But Not Amazing Compared To Other Convertible Funds

RYE, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on December 30, 2024 to common shareholders of record on November 22, 2024.

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

The Bancroft Fund offers a high yield of 8.17% for income-focused investors, but its yield is relatively low compared to other similar closed-end funds. The BCV closed-end fund's share price performance over the past five years is discouraging, as it has declined by 25.63%. The fund's holdings primarily consist of convertible securities, with only one common stock position. This is a bit less common equity exposure than peers.

Bancroft Fund: This 8%-Yielding CEF Provides Some Income, But It's Nothing Special

RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on March 21, 2024 to common shareholders of record on March 14, 2024.

Bancroft Fund Ltd. Declares Distribution of $0.32 per Share

Ellsworth Growth and Income Fund

Bancroft Fund and Ellsworth Growth and Income Fund offer diversified exposure to convertible debt investments. Convertible bonds offer yield as fixed-income investments but also potential upside through conversion into common stock. Higher interest rates are leading to higher yields and more issuances of convertibles by higher-rated companies.

BCV And ECF: Convertible Bond Exposure, Offering Yield With Upside Potential

The Bancroft Fund is a closed-end fund that focuses on convertible securities for current income and capital appreciation. BCV's distribution appears aggressive relative to the fund's long-term historical returns. Current market conditions are not conducive for convertible bonds as both equity and fixed income markets remain in bear markets.

BCV: Stay On The Sidelines Until The Right Market Conditions

RYE, N.Y., Aug. 25, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on September 22, 2023 to common shareholders of record on September 15, 2023.

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

Bancroft Fund is trading at a deep discount and invests mostly in convertible securities. The fund's discount is attractive, and recent higher yields on convertibles could lead to better returns going forward. BCV's net investment income has increased significantly, and the rising interest rates and higher yields on convertibles make the fund more attractive for investors.

BCV: An Opportunity In The Convertible Securities Space

RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on June 23, 2023 to common shareholders of record on June 15, 2023.

Bancroft Fund Ltd. Declares Distribution Of $0.32 Per Share

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Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experienced in 2022.

Closed-End Fund: April 2023 Check On Valuation

The overall market and BCV have been stabilizing since our previous update. Being towards the end of interest rate hikes should mean that this stabilization could continue.

BCV: Signs Of Stabilizing With An Attractive Discount

BCV's discount has widened even further since the last time we looked at the fund. It is below its decade long average, though not all-time deep discount.

BCV: Deep Discount Could Present An Opportunity

BCV has been getting hit by the market, and discounts have expanded, similar to its sister fund, ECF. These funds operate in the convertible space, but BCV seems to be more pure-play.

BCV: Attractive Discount Presenting An Opportunity

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4 out of 24 CEF sectors positive on price and 2 out of 24 sectors positive on NAV last week. Date for PIMCO merger of PCI and PKO into PDI announced.

Weekly Closed-End Fund Roundup: November 28, 2021

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $3.17 per share cash distribution payable on December 28, 2021 to common shareholders of record on November 24, 2021. With this fourth quarter distribution, the total distributions from the Fund for the calendar year 2021 would equate to $4.13 per share, a 32% increase from $3.12 last year. The Fund's fiscal year ends October 31, 2021. Please remember that past performance may no

Bancroft Fund Ltd. Declares Distribution of $3.17 Per Share

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Discounts widened a bit but remain very tight relative to historical comparisons going back to 1996. Munis are now in line with taxable avg. premiums. At this time, a counter-cyclical approach is warranted. I have been advocating rotating from leveraged, junkier, and discount susceptible structures to open-end funds.

CEF Report September 2021 | A Broken Record

BCV remains an attractively valued convertible fund as convertibles take a breather this year.

BCV: A Value In The Convertible Space, Though Some Caution Worth Noting

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on March 24, 2021 to common shareholders of record on March 17, 2021. The distribution follows on the strength of the Fund's returns in 2020. The Fund intends to pay the greater of either an annual distribution of 5% of the Fund's trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement

Bancroft Fund Ltd. NAV Performance up 37% and Market Return up 29% in 2020 Declares Distribution of $0.32 Per Share

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The convertibles sector had a tremendous 2020 on the back of a number of tailwinds such as outperformance in its sector tilts, high volatility, and falling rates. We take a look at the different options for investors in the sector across both open-end and closed-end funds.

Convertibles CEF Sector Update

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For the broader indexes, December continued along its upward momentum. Overall, the market seems to be quite lofty at these levels, so keeping a cash allocation could be appropriate.

8 Closed-End Fund Buys In December To Finish Out A Volatile Year

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November started out with a bang due to the election. Besides some early buying last month, it was another month of light buying throughout the remainder of November.

November Buys: 3 Monthly Paying CEFs, Plus Some Dividend Growth Opportunities

A large year-end distribution recently propelled this fund to a tighter discount from over a 14% discount just a few weeks ago. Even as a "lower yielding" fund, they still pay 4.26% - not counting any year-end specials.

BCV: Lower Relative Yield - Still A Buy Due To Valuation

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $2.25 per share cash distribution payable on December 29, 2020 to common shareholders of record on November 25, 2020. With this fourth quarter distribution, the total distributions from the Fund for the calendar year 2020 would equate to $3.12 per share, an 81% increase from $1.72 last year. The Fund's fiscal year ends October 31, 2020. Please remember that past performance may n

Bancroft Fund Ltd. Declares Distribution of $2.25 Per Share Fiscal Year 2020 NAV Performance Up 20%

The market is fairly homogenous and most of these funds trade more so with the equity than the debt.

Don't Be Fooled By The Low 4% Yield On BCV.

News for Bancroft Fund Ltd ETF (BCV)