Add as a preferred source on GoogleBancroft Fund Raises Quarterly Distribution 22% to $0.50
Common shareholders of record Nov. 23 qualify for the Dec. 30 payment. Shareholders outside the dividend plan must elect cash or beneficial shares by Dec. 15.
Bancroft Fund Ltd. raised its quarterly cash distribution to $0.50 per share from $0.41, an increase of about 22%. The payment is scheduled for Dec. 30 to common shareholders of record Nov. 23.
Shareholders not enrolled in the fund’s Automatic Dividend Investment Plan can elect cash or beneficial shares by Dec. 15. Those who do not make an election will receive shares. Receiving shares instead of cash does not determine the distribution’s tax treatment. Any return-of-capital portion is generally not taxable; the final components will be determined after year-end.
The closed-end investment company invests primarily in convertible securities. Its declared distributions for 2026 total $1.61 per share.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.