BCV News and Press, Bancroft Fund Ltd. From 09/17/21

Discounts widened a bit but remain very tight relative to historical comparisons going back to 1996. Munis are now in line with taxable avg. premiums. At this time, a counter-cyclical approach is warranted. I have been advocating rotating from leveraged, junkier, and discount suscepti...

BCV remains an attractively valued convertible fund as convertibles take a breather this year. Convertible securities had a banner year in 2020. While issuances were still soaring this year, their performance has been more tepid. BCV pays a smaller regular distribution quarterly, ...

Last year, we were looking at distribution changes due to the COVID pandemic sell-off. CEFs distribute out most of their earnings as distributions, so they pay relatively higher yields. However, relatively higher yields mean that any downturn is likely to cause distribution cuts. ...

Convertibles finished the first half of 2021 as the top fixed income asset class, extending their performance as the best performing fixed income asset class of both last year and the year before. Throughout the year, the Calamos Convertible Fund (CICVX) portfolio management team has ...

As we reach halftime of the calendar year, investors go into the locker room with some knowledge of the pandemic recovery and some new concerns to monitor in the second half of 2021 and into 2022. Our base case is inflation is transitory; however, we are watching the data very closely...

Bancroft Fund (BCV) declares $0.32/share quarterly dividend, 10.3% increase from prior dividend of $0.29.Forward yield 4.26%Payable June 23; for shareholders of record June 16; ex-div June 15.See BCV Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Bancro...

The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on June 23, 2021 to common shareholders of record on June 16, 2021. The Fund intends to pay the greater of either an annual distribution o...

GAB is a fairly standard equity fund, though they pay a managed distribution targeting a minimum of 10% annually. After such a strong run from the lows of 2020, the fund has technically been covering its distribution for the last several years now. Despite the attractive income, I...

The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on March 24, 2021 to common shareholders of record on March 17, 2021. The distribution follows on the strength of the Fund’s returns in...

ECF can provide more unique and varied exposure to convertible holdings. Convertible funds had done incredibly well throughout 2020, with continued volatility they could continue doing well through 2021 too. ECF offers a modest quarterly distribution, but can have a significant ye...