BCV News and Press, Bancroft Fund Ltd. From 01/12/23

Summary 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. The fund offers a wide discount with diversified convertible bond exposure. Written by Nick Ac...

Summary 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. There continue to be headwinds for the fund, but a longer-term investor might find it attractive. Writ...

GCV and ECF are both under the Gabelli umbrella and managed by the same people. GCV's distribution is higher, but ECF's distribution is also a fairly attractive 5% minimum managed policy. However, the performance of ECF is better, and the valuation is screaming for investors to sw...

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad market...

We review CEF market valuation and performance through the second week of April and highlight recent market action. The recent rally fizzled as the CEF space fell sharply with most sectors dropping more than 1%. We highlight funds that are likely to be more resilient in the face o...

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad market...

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad market...

Today, we are looking at how to tell if a fund might be paying a sustainable distribution or not. We use several examples covering both fixed-income and equity funds to help highlight their differences. Overall, fixed-income funds are more straightforward to analyze than equity fu...

There are several reasons why closed-end funds can pay higher distribution yields to investors. Closed-end funds can invest in more complex investments and include leverage or other strategies to help generate higher yields. These more stable payouts from these funds can be a mass...

Reducing the tax obligation of an investor can mean greater returns when more of that cash is kept. When looking through closed-end funds, you will run across many funds that are tax-friendly. These are often equity funds to receive qualified dividends and long-term capital gains;...