Bancroft Fund Ltd (BCV): Kinchen C Bizzell , director of Bancroft Fund Ltd purchased 277 shares on May 19, 2016. The Insider buying transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were purchased at $17.98 per share for a total value of $4,980.46 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 28, 2016, James P Conn (director) purchased 1,000 shares at $18.38 per share price.On Dec 11, 2015, Michael J Melarkey (director) purchased 1,100 shares at $17.92 per share price.Also, On Nov 10, 2015, Anthonie C Vanekris (director) purchased 2,500 shares at $19.40 per share price.
Bancroft Fund Ltd. (The Fund) operates as a closed-end diversified management investment company. The Fund invests primarily in convertible securities with the objectives of providing income and the potential for capital appreciation. The Fund invests in sectors such as oil gas and consumable fuels; real estate investment trusts; specialty retail; thrift and mortgage finance; aerospace and defense; biotechnology; electric utilities; food products; independent power and renewables; insurance; multi-utilities; road and rail and insurance. The Fund’s sector exposures as of October 31 2014 were in Information Technology (30.2%) Financials (22.1%) and Health Care (17.2%). The Fund’s investment advisor is Davis-Dinsmore Management Company.