BCV

Money Market Mess Fuels Fight Over Just Which Rulebooks to Fix

The convulsions that rocked U.S. money markets in the early days of the pandemic are spurring a new push to overhaul the rules once and for all -- if regulators and traders can agree on what’s broken and how to fix it.

Bancroft Fund declares $0.32 dividend

Bancroft Fund (BCV) declares $0.32/share quarterly dividend, 10.3% increase from prior dividend of $0.29.Forward yield 4.26%Payable June 23; for shareholders of record June 16; ex-div June 15.See BCV Dividend Scorecard,

Bancroft Fund declares $2.25 dividend

Bancroft Fund (BCV) declares $2.25/share year-end dividend. (Each of the distributions paid in 2020 would include ~27% from net investment income and 73% from net capital gains on a book

Companies Turn To Convertibles For Much-Needed Cash

Convertibles have been making the news for two primary reasons - record-setting new issuance and strong absolute and relative performance.Going forward, we expect the issuance calendar to remain healthy, but the pace will likely be a bit more modest than what we've seen this year.If equities continue to climb, converts may be well-positioned given the asset class's exposure to tech, health care and now consumer discretionary, sectors that have performed well thus far.