Company: Bancroft Fund Ltd. (BCV)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Bancroft Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets. It primarily invests in convertible securities including convertible debt and convertible preferred stocks. The fund invests in stocks of companies across market capitalization. It benchmarks the performance of its portfolio against S&P 500 Index, Bank of America Merrill Lynch All U.S. Convertibles Index, and Barclays Balanced U.S. Convertibles Index. The fund was formerly known as Bancroft Convertible Fund, Inc. Bancroft Fund Ltd. was formed on April 20, 1971 and is domiciled in the United States. -Yahoo Finance-
Symbol: BCV
Recent Price: $15.85
Dividends: $1.28
Yield: 8.08%
Sector: Financial Services
Industry: Asset Management
Address & Company Phone #: One Corporate Center Rye NY 10580, 914-921-5000
Transfer Agent: American Stock Transfer 800-937-5449
Moody’s Rating: NR
Minimum & Maximum Investment: $100 – $10,000/month
Investment Dates: 15th Monthly
Shares to Qualify: 1 Share
Fees: Div.: $0 Cash: $1.25 Cert: $0 Sells: by Mail for $0.04
52 Week High & Low: $18.11, $14.09