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0.0104754230459306 0.0104754230459306 0.0104754230459306 0.0104754230459306 0.0104754230459306 -0.00177276390008069 -0.00177276390008069 0.017979049153908
Stock impact report

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

Bancroft Fund, Ltd. (BCV) 
Company Research Source: Business Wire
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 September 23, 2021 to common shareholders of record on September 16, 2021.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 of the Internal Revenue Code for regulated investment companies.Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund pays an adjusting distribution in December, which includes any additional income and net realized capital gains in excess of the quarterly distributions. The Show less Read more
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