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Bancroft Convertible Fund Inc

Morristown, New Jersey, United States

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General Info:

Bancroft Fund is a Delaware statutory trust. It is the successor to Bancroft Convertible Fund, which was incorporated in Delaware in September 1970. The company began operations in April 1971 following an initial public offering of Bancroft shares. Bancroft Fund operates as a closed-end, diversified management company and invests primarily in convertible securities with the objectives of providing income and the potential for capital appreciation. The fund trades on the American Stock Exchange, and its symbol is BCV. For the one year and five years ended in December 1997, Bancroft s net asset value performance earned performance achievement certificates from Lipper. It outpefromed the nine closed-end convertible funds followed by Lipper. Bancroft Fund s executive offices are located in Morristown, N.J.

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