DividendAug 12, 2026, 10:42 AM
Bancroft Fund Declares $0.41/Share Distribution, Up 17%
AI Summary
Bancroft Fund Ltd. announced a quarterly cash distribution of $0.41 per share, marking a 17% increase from the previous $0.35 per share. The distribution is payable on September 23, 2026, to shareholders of record on September 16, 2026. The Fund's policy aims to pay the greater of an annual distribution of 5% of its trailing 12-month average market price or an amount meeting IRS minimum distribution requirements for regulated investment companies. The Board of Trustees will continue to monitor the distribution level, considering net asset value and market conditions.
Key Highlights
- Declared a $0.41 per share cash distribution.
- Quarterly distribution increased by 17% from $0.35 per share.
- Payable on September 23, 2026, to shareholders of record on September 16, 2026.
- Fund intends to pay the greater of 5% of trailing 12-month average market price or minimum IRS requirement.
- Estimated 2026 distributions include 6% from net investment income and 94% from net capital gains.
- Bancroft Fund Ltd. has $185 million in total net assets.
Price Impact