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Stock impact report

Bancroft Fund Ltd Declares Distribution of $1.65 Per Share

Bancroft Fund, Ltd. (BCV)  More Company Research Source: Business Wire
PDF RYE, N.Y.--(BUSINESS WIRE)-- The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $1.65 per share cash distribution payable on December 28, 2018 to shareholders of record on November 27, 2018. Shareholders who are not members of the Fund’s Automatic Dividend Investment Plan will be given the option to receive the distribution either in cash or in beneficial shares of the Fund. The dividend is taxable to all shareholders whether or not they choose to receive cash. The expiration date of the option is December 17, 2018. Shareholders who do not make an election will receive the distribution in beneficial shares. The number of shares that holders will be entitled to receive under the share option will be determined on December 18, 2018, either on the basis of the closing market price of the Fund’s beneficial shares or its net asset value, whichever is lower [Read more]
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