Bancroft Fund Ltd. Announces Issue Price for the 2012 Year-End Dividend Payable on December 28, 2012
(firmenpresse) - MORRISTOWN, NEW JERSEY -- (Marketwire) -- 12/21/12 -- Bancroft Fund Ltd. (NYSE MKT: BCV) announced today that the price at which its beneficial shares will be issued to shareholders who elected to receive additional shares in payment of the 2012 year-end dividend will be $16.44 per share. The issue price represents the closing price of the shares on the NYSE MKT Exchange on December 20, 2012, which was below the net asset value of $19.39 per share on that date. The dividend is payable on December 28, 2012.
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 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
Fax (973) 631-9893
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Datum: 21.12.2012 - 14:53 Uhr
Sprache: Deutsch
News-ID 215259
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MORRISTOWN, NEW JERSEY
Kategorie:
Commercial & Investment Banking
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