Bancroft Fund Ltd. Announces $0.32 Per Share Distribution

Written by Emily J. Thompson, Senior Investment Analyst

Source: Globenewswire

Updated: Aug 26 2025

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Source: Globenewswire

Distribution Announcement: Bancroft Fund Ltd. declared a cash distribution of $0.32 per share, payable on September 23, 2025, to shareholders of record as of September 16, 2025.
Distribution Policy: The Fund aims to pay the greater of an annual distribution of 5% of its trailing market price or the minimum required by tax regulations, with quarterly reviews by the Board of Trustees.
Tax Implications: Distributions may be treated as long-term capital gains or qualified dividends, subject to federal income tax rates, and excess distributions beyond earnings may be considered a return of capital.
Fund Overview: Bancroft Fund Ltd. is a closed-end investment company with $164 million in assets, primarily investing in convertible securities for income and potential capital appreciation, managed by Gabelli Funds, LLC.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.