MORRISTOWN, NJ--(Marketwired - Apr 17, 2014) - Bancroft Fund Ltd. (NYSE MKT: BCV) has released unaudited monthly portfolio data for March 2014 including asset allocation, representative holdings and other fund characteristics.
The portfolio data will be posted on Bancroft's website at www.bancroftfund.com. Printed copies may be obtained by calling (973) 631-1177.
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.
Bancroft Fund Ltd. (the Fund) is a diversified closed-end management investment company. The Fundâs primary investment objective is to provide 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. The Fund invests primarily in convertible and equity securities. The Fund's investment portfolio includes convertible corporate bonds, convertible preferred stocks, mandatory convertible securities and common stocks. The Fund invests in various industries, such as computer software and services, health care, business services, financial services, security software, consumer services, communications equipment, energy and utilities, semiconductors, telecommunications, real estate investment trusts, diversified industrial, entertainment, airlines, equipment and supplies, transportation and agriculture. Gabelli Funds, LLC serves as the investment advisor of the Fund.