Business & Finance
Business and Finance
Business and Finance
Mon, February 20, 2012
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Fri, February 17, 2012 Bancroft Fund Ltd. Declares First Quarter Dividend and Announces Results of Annual Shareholders Meeting
February 17, 2012 13:15 ET
Bancroft Fund Ltd. Declares First Quarter Dividend and Announces Results of Annual Shareholders Meeting
MORRISTOWN, NJ--(Marketwire - Feb 17, 2012) - The Board of Trustees of Bancroft Fund Ltd. (
The 12.75 cents ($0.1275) per share dividend is payable from net investment income on March 29, 2012 to shareholders of record March 15, 2012.
The following actions were taken at the Annual Shareholders meeting held on Friday, February 17th: (1) two trustees were elected and (2) the selection of Tait, Weller & Baker LLP as independent registered public accountants for the 2012 fiscal year was ratified.
Bancroft Fund Ltd. operates as a closed-end, diversified management investment 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. Its shares are traded on the NYSE Amex Exchange under the ticker symbol BCV.
CUSIP# 059 695 106
