Bancroft Fund Ltd. Announces Annual Meeting of Shareholders on May 13, 2024

TL;DR

<b>Bancroft Fund Ltd. will hold its Annual Meeting of Shareholders on May 13, 2024, to elect four Trustees.</b>

AI Summary

BANCROFT FUND LTD (BCV-PA) filed a Proxy Statement (DEF 14A) with the SEC on March 21, 2024. The Annual Meeting of Shareholders for Bancroft Fund Ltd. will be held on May 13, 2024. The meeting will take place at 8:00 a.m. ET at GAMCO Investors, Inc. in Rye, New York, and virtually via webcast. Shareholders will vote on the election of four Trustees. Three Trustees will be elected by holders of common shares and 5.375% Series A Cumulative Preferred Shares. The filing is a Definitive Proxy Statement (DEF 14A) filed on March 21, 2024.

Why It Matters

For investors and stakeholders tracking BANCROFT FUND LTD, this filing contains several important signals. This meeting is a key governance event where shareholders exercise their voting rights to influence the Fund's leadership. The election of Trustees is crucial for the oversight and strategic direction of Bancroft Fund Ltd.

Risk Assessment

Risk Level: low — BANCROFT FUND LTD shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Shareholders should review the proxy materials to make informed voting decisions on the election of Trustees.

Key Numbers

• 4 — Trustees (Number of Trustees to be elected at the meeting.)
• 3 — Trustees (Number of Trustees to be elected by common and Series A preferred shareholders.)
• 8:00 a.m. ET — Meeting Time (Time the Annual Meeting will commence.)
• 5.375% — Preferred Share Dividend Rate (Dividend rate for the Series A Cumulative Preferred Shares.)

Key Players & Entities

• BANCROFT FUND LTD. (company) — Registrant and filer of the proxy statement.
• May 13, 2024 (date) — Date of the Annual Meeting of Shareholders.
• GAMCO Investors, Inc. (company) — Location of the physical Annual Meeting.
• Rye, New York (location) — City and State where the physical meeting will be held.
• 5.375% Series A Cumulative Preferred Shares (security) — Class of shares whose holders will vote for Trustees.
• March 21, 2024 (date) — Filing date of the DEF 14A.

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The Fund must comply with all SEC rules and regulations regarding proxy solicitations and shareholder meetings.
• Meeting Logistics [low — operational]: Ensuring the smooth execution of both the physical and virtual components of the Annual Meeting.

Industry Context

Bancroft Fund Ltd. is a closed-end investment company. This filing pertains to its annual shareholder meeting, a standard corporate governance procedure for publicly traded entities.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Review the proxy statement for details on Trustee nominees and voting procedures.
2. Vote on the election of Trustees prior to or at the Annual Meeting.
3. Attend the Annual Meeting virtually or in person if desired.

Key Dates

• 2024-05-13: Annual Meeting of Shareholders — Shareholders will elect Trustees and vote on other matters.
• 2024-03-21: Filing Date of DEF 14A — The proxy statement was officially filed with the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing for the 2024 Annual Meeting of Shareholders, indicating a routine governance event.

Key Financial Figures

• $1,000 — tion of proxies for an estimated fee of $1,000 plus reimbursement of expenses. The Fun
• $0.01 — t outstanding: common shares, par value $0.01 per share ("Common Shares"), and 5.375%

Filing Documents

• bcv-html7526_def14a.htm (DEF 14A) — 336KB
• proxy001.jpg (GRAPHIC) — 538KB
• proxy002.jpg (GRAPHIC) — 771KB
• proxy003.jpg (GRAPHIC) — 546KB
• proxy004.jpg (GRAPHIC) — 748KB
• 0001133228-24-002381.txt (&nbsp;) — 6526KB
• bcv-20240403.xsd (EX-101.SCH) — 3KB
• bcv-20240403_def.xml (EX-101.DEF) — 3KB
• bcv-20240403_lab.xml (EX-101.LAB) — 2KB
• bcv-20240403_pre.xml (EX-101.PRE) — 2KB
• bcv-html7526_def14a_htm.xml (XML) — 17KB

From the Filing

SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Sec. 240.14a-12 Bancroft Fund Ltd. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11(set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration 3) Filing Party: 4) Date Filed: BANCROFT FUND LTD. One Corporate Center Rye, New York 10580-1422 (914) 921-5070 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS To Be Held on May 13, 2024 To the Shareholders of BANCROFT FUND LTD. Notice is hereby given that the Annual Meeting of Shareholders of the Bancroft Fund Ltd., a Delaware statutory trust (the "Fund"), will be held on Monday, May 13, 2024, at 8:00 a.m., ET, at GAMCO Investors, Inc., One Corporate Center, 401 Theodore Fremd Avenue, Rye, New York, 10580 and virtually by Internet webcast (the "Meeting"), and at any adjournments or postponements thereof for the following purposes: 1. To elect four (4) Trustees of the Fund, three (3) Trustees to be elected by the holders of the Fund's common shares and holders of its 5.375% Series A Cumulative Preferred Shares ("Preferred Shares"), voting together as a single class, and one (1) Trustee to be elected by the holders of the Fund's Preferred Shares, voting as a separate class; and 2. To consider and vote upon such other matters, including adjournments, as may properly come before said Meeting or any adjournments or postponements thereof. These items are discussed in greater detail in the attached Proxy Statement. We are conducting a "hybrid" meeting - you may attend in person or virtually. Whether or not you plan to attend the Meeting in person, shareholders must register in advance by submitting the required information to the Fund at: http://Gabelli.com/CEFAnnualMeeting. Following registration, a shareholder will be provided with instructions regarding how to access the virtual Meeting, including the link for the Meeting. Requests for registration must be received no later than 5:00 p.m., ET, on May 12, 2024. Shareholders will receive an email confirming their registration and providing instructions for participating in the Meeting. Any questions should be directed to CEFProxy@gabelli.com. The close of business on March 15, 2024, has been fixed as the record date for the determination of shareholders entitled to notice of and to vote at the Meeting and any adjournments or postponements thereof. YOUR VOTE IS IMPORTANT REGARDLESS OF THE SIZE OF YOUR HOLDINGS IN THE FUND. WE ENCOURAGE YOU TO VOTE YOUR PROXY IN ADVANCE OF THE MEETING, EVEN IF YOU PLAN TO ATTEND THE MEETING. SHAREHOLDERS MAY AUTHORIZE THEIR PROXY BY TELEPHONE OR THE INTERNET. ALTERNATIVELY, SHAREHOLDERS MAY SUBMIT VOTING INSTRUCTIONS BY SIGNING AND DATING THE PROXY CARD AND RETURNING IT IN THE ACCOMPANYING POSTAGE-PAID ENVELOPE. By Order of the Board of Trustees, PETER GOLDSTEIN Secretary April 3, 2024 INSTRUCTIONS FOR SIGNING PROXY CARDS TO BE RETURNED BY MAIL The following general rules for signing proxy cards may be of assistance to you and avoid the time and expense to the Fund involved in validating your vote if you fail to properly sign your proxy card. 1. Individual Accounts: Sign your name exactly as it appears in the registration on the proxy card. 2. Joint Accounts: Either party may sign, but the name of the party signing should conform exactly to the name shown in the registration. 3. All Other Accounts: The capacity of the individuals signing the proxy card should be indicated unless it is reflected in the form of registration. For example: Registration Valid Signature Corporate Accounts (1) ABC Corp. ABC Corp., John Doe, Treasurer (2) ABC Corp. John Doe, Treasurer (3) ABC Cor

View Full Filing

View this DEF 14A filing on SEC EDGAR