Bancroft Fund Ltd. Announces Misstatement of NAV
(firmenpresse) - MORRISTOWN, NJ -- (Marketwire) -- 09/12/12 -- Bancroft Fund Ltd. (NYSE MKT: BCV) announced today that an NAV (Net Asset Value) misstatement occurred on September 11, 2012. The NAV as reported was $19.38. The NAV should have been $19.25.
The $0.1275 dividend that is payable on September 27, 2012 to shareholders of record on September 13, 2012 went ex-dividend on Tuesday, September 11, 2012. The NAV should have been reduced by the amount of the dividend but inadvertently was not.
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 MKT LLC exchange under the ticker symbol BCV.
CUSIP# 059 695 106
For further information, please contact:
Gary I. Levine
Chief Financial Officer
Ph. (973) 631-1177
website:
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Datum: 12.09.2012 - 15:19 Uhr
Sprache: Deutsch
News-ID 182746
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contact information:
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MORRISTOWN, NJ
Kategorie:
Commercial & Investment Banking
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