BCV News and Press, Bancroft Fund Ltd. From 12/15/20

23 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. Rally continues for the fifth week; MLPs lead again. DSL cuts distribution. For further details see: Weekly Closed-End Fund Roundup: December 6, 2020

22 out of 23 CEF sectors positive on price and 21 out of 23 sectors positive on NAV last week. Rally continues for the fourth week as MLPs lead the way. DSL announces distribution cut, discussed in a separate report for members. For further details see: Weekly Closed-End...

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. For a fund investing in convertibles, BCV seems like a solid ...

21 out of 23 CEF sectors positive on price and 20 out of 23 sectors positive on NAV last week as rally continues for the third week. MLPs lead while real estate lags. Taxable munis are the most expensive CEF sector. For further details see: Weekly Closed-End Fund Roundup...

20 out of 23 CEF sectors positive on price and 18 out of 23 sectors positive on NAV last week as vaccine rally continues. November distribution changes are updated: boosts to MAV (Taxable Income holding), MHI; cuts to KIO, FSLF. We'll keep track of large annual/special distributio...

Bancroft Fund (BCV) declares $2.25/share year-end dividend. (Each of the distributions paid in 2020 would include ~27% from net investment income and 73% from net capital gains on a book basis.)Payable Dec. 29; for shareholders of record Nov. 25; ex-div Nov. 24.See BCV Dividend Scorecard, Yie...

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 distribut...

Convertibles have been making the news for two primary reasons - record-setting new issuance and strong absolute and relative performance. Going forward, we expect the issuance calendar to remain healthy, but the pace will likely be a bit more modest than what we've seen this year. ...

The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $0.29 per share cash distribution payable on September 23, 2020 to common shareholders of record on September 16, 2020. The Fund intends to pay the greater of either an annual distributi...

Author’s note: this article was released to members of CEF/ETF Income Laboratory on August 3, 2020. Please check latest data before investing. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF]...