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Stock Market & Financial Investment News

News Breaks
April 11, 2014
08:33 EDTBCVBancroft Fund reports share repurchase program completion
Bancroft Fund announced that the Fund has completed its program to repurchase 3% of its shares of beneficial interest begun on October 31, 2013. Since that date the Fund repurchased in the open market and retired 161,243 of the Fund's shares, at a cost of $3,085,683. The Board of Trustees of the Fund authorized the repurchase program in an effort to address the undervaluation of the Fund's shares.
News For BCV From The Last 14 Days
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December 18, 2014
16:32 EDTBCVBancroft Fund increases share repurchase program to up to 7% of shares
Bancroft Fund's Board of Trustees has increased the number of shares to be acquired by the Fund pursuant to the share repurchase program announced last month. Pursuant to the revised authorization, the Fund will repurchase up to 7% of the Fund's outstanding shares, up to approximately 367,000 shares. The previous authorization was for a repurchase of up to 3% of the Fund's outstanding shares.

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