Bancroft Fund Ltd. 5.375% Series A Cumulative Preferred Shares
By: Tim McPartland,
Date Issued 8/3/2016
Shares Issued 1,200,000 Overallotment Shares 0
S&P Rating NR Moodys Rating A1
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Security Ticker Symbol BVC-A OTC Temp Ticker BNCRP
Market Traded ON NYSE
Distribution Payment Paid on the 26th of March, June, September and December beginning on 9/26/2016
Quarterly Distribution .336 Annual Distribution 1.343
Securities may be redeemed, at the issuers option, as early as 08/9/2021 for a redemption price of $25/share plus accrued distributions.
Distribution will be a qualified distribution for tax purposes.
Maturity Date None
Company Investor Relations Page for Bancroft Fund Ltd.
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Click Here for either the prospectus or final pricing documents
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
