Bancroft Fund Ltd

Bancroft Fund Ltd. (NYSE MKT: BCV) operates as a closed-end, diversified management company and invests primarily in convertible securities with the objectives of providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests.

RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on March 21, 2024 to common shareholders of record on March 14, 2024.

Bancroft Fund Ltd. Declares Distribution of $0.32 per Share

RYE, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on December 28, 2023 to common shareholders of record on November 22, 2023.

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

Ellsworth Growth and Income Fund

Bancroft Fund and Ellsworth Growth and Income Fund offer diversified exposure to convertible debt investments. Convertible bonds offer yield as fixed-income investments but also potential upside through conversion into common stock. Higher interest rates are leading to higher yields and more issuances of convertibles by higher-rated companies.

BCV And ECF: Convertible Bond Exposure, Offering Yield With Upside Potential

The Bancroft Fund is a closed-end fund that focuses on convertible securities for current income and capital appreciation. BCV's distribution appears aggressive relative to the fund's long-term historical returns. Current market conditions are not conducive for convertible bonds as both equity and fixed income markets remain in bear markets.

BCV: Stay On The Sidelines Until The Right Market Conditions

RYE, N.Y., Aug. 25, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on September 22, 2023 to common shareholders of record on September 15, 2023.

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

Bancroft Fund is trading at a deep discount and invests mostly in convertible securities. The fund's discount is attractive, and recent higher yields on convertibles could lead to better returns going forward. BCV's net investment income has increased significantly, and the rising interest rates and higher yields on convertibles make the fund more attractive for investors.

BCV: An Opportunity In The Convertible Securities Space

RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) -- 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, 2023 to common shareholders of record on June 15, 2023.

Bancroft Fund Ltd. Declares Distribution Of $0.32 Per Share

Center Coast Brookfield MLP & Energy Infrastructure Fund

ClearBridge Energy MLP Total Return Fund Inc

Destra Multi-Alternative Fund

Western Asset Mortgage Opportunity Fund

DNP Select Income Fund Inc

Blackrock ESG Capital Allocation Trust

Eagle Point Credit

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eaton Vance Enhanced Equity Income Fund II

Aberdeen Global Income Fund

First Trust Dynamic Europe Equity Income Fund

FS Credit Opportunities Corp

GDL Fund

Gabelli Multimedia Trust

Guggenheim Strategic Opportunities Fund

Gabelli Utility Trust

Highland Income Fund

Highland Global Credit Allocation Fund.

Voya Global Advantage and Premium Opportunity Fund

Voya Global Equity Dividend and Premium Opportunity Fund

CBRE Global Real Estate Income Fund

Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experienced in 2022.

Closed-End Fund: April 2023 Check On Valuation

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.

BCV: Signs Of Stabilizing With An Attractive Discount

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.

BCV: Deep Discount Could Present An Opportunity

BCV has been getting hit by the market, and discounts have expanded, similar to its sister fund, ECF. These funds operate in the convertible space, but BCV seems to be more pure-play.

BCV: Attractive Discount Presenting An Opportunity

Liberty All-Star Growth Fund

BlackRock Virginia Municipal Bond Trust

Boulder Growth & Income Fund

Blackrock Long-Term Municipal Advantage Trust

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

Eaton Vance California Municipal Income Trust

MFS Intermediate High Income Fund

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

MFS High Income Municipal Trust

MFS Investment Grade Municipal Trust

Dreyfus High Yield Strategies Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance California Municipal Bond Fund

Franklin Limited Duration Income Trust

Gabelli Equity Trust

Templeton Global Income Fund

Eagle Capital Growth Fund Inc

Tekla Healthcare Investors

Tekla Life Sciences Investors

John Hancock Tax-Advantaged Global Shareholder Yield Fund

John Hancock Investors Trust

4 out of 24 CEF sectors positive on price and 2 out of 24 sectors positive on NAV last week. Date for PIMCO merger of PCI and PKO into PDI announced.

Weekly Closed-End Fund Roundup: November 28, 2021

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $3.17 per share cash distribution payable on December 28, 2021 to common shareholders of record on November 24, 2021. With this fourth quarter distribution, the total distributions from the Fund for the calendar year 2021 would equate to $4.13 per share, a 32% increase from $3.12 last year. The Fund's fiscal year ends October 31, 2021. Please remember that past performance may no

Bancroft Fund Ltd. Declares Distribution of $3.17 Per Share

Aberdeen Standard Global Infr Inc Fd

Morgan Stanley Emerging Markets Domestic Debt Fund Inc

Morgan Stanley Emerging Markets Debt Fund

PIMCO Energy and Tactical Credit Opportunities Fund

TCW Strategic Income Fund

Vertical Capital Income Fund.

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 susceptible structures to open-end funds.

CEF Report September 2021 | A Broken Record

BCV remains an attractively valued convertible fund as convertibles take a breather this year.

BCV: A Value In The Convertible Space, Though Some Caution Worth Noting

RYE, N.Y.--(BUSINESS WIRE)--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 2020. The Fund intends to pay the greater of either an annual distribution of 5% of the Fund's trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement

Bancroft Fund Ltd. NAV Performance up 37% and Market Return up 29% in 2020 Declares Distribution of $0.32 Per Share

Advent Convertible and Income Fund

Calamos Dynamic Convertible & Income Fund

Calamos Convertible Opportunities And Income Fund

Calamos Convertible And High Income Fund

SPDR Bloomberg Convertible Securities ETF

iShares Convertible Bond ETF

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Putnam High Income Securities Fund

The convertibles sector had a tremendous 2020 on the back of a number of tailwinds such as outperformance in its sector tilts, high volatility, and falling rates. We take a look at the different options for investors in the sector across both open-end and closed-end funds.

Convertibles CEF Sector Update

Eaton Vance High Income 2021 Target Term Trust

Miller/Howard High Income Equity Fund

Kayne Anderson Midstream/Energy Fund Inc.

OFS Credit Company Inc

Oxford Lane Capital

Voya Prime Rate Trust

Cushing Renaissance Fund

Tortoise Energy Infrastructure

XAI Octagon Floating Rate & Alternative Income Term Trust

For the broader indexes, December continued along its upward momentum. Overall, the market seems to be quite lofty at these levels, so keeping a cash allocation could be appropriate.

8 Closed-End Fund Buys In December To Finish Out A Volatile Year

AbbVie

BlackRock Health Sciences Trust II

Eaton Vance Tax-Advantaged Dividend Income Fund

Horizon Technology Finance

Gladstone Land

NextEra Energy

November started out with a bang due to the election. Besides some early buying last month, it was another month of light buying throughout the remainder of November.

November Buys: 3 Monthly Paying CEFs, Plus Some Dividend Growth Opportunities

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.

BCV: Lower Relative Yield - Still A Buy Due To Valuation

RYE, N.Y.--(BUSINESS WIRE)--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 distributions from the Fund for the calendar year 2020 would equate to $3.12 per share, an 81% increase from $1.72 last year. The Fund's fiscal year ends October 31, 2020. Please remember that past performance may n

Bancroft Fund Ltd. Declares Distribution of $2.25 Per Share Fiscal Year 2020 NAV Performance Up 20%

The market is fairly homogenous and most of these funds trade more so with the equity than the debt.

Don't Be Fooled By The Low 4% Yield On BCV.

News for Bancroft Fund Ltd ETF (BCV)