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Mario J. Gabelli, a director and management individual of the funding adviser for Bancroft Fund Ltd. (NYSE:BCV), has just lately offered 1,500 widespread shares of the corporate, in response to a submitting submitted to the Securities and Change Fee. The shares had been offered at a value of $17.7382 every, leading to a complete transaction worth of $26,607. The sale comes as BCV maintains a notable 7.1% dividend yield and has proven robust efficiency with a 21.7% return year-to-date, in response to InvestingPro information.
Following the transaction, Gabelli holds 28,000 shares not directly by Related Capital Group (NYSE:AC), Inc., the place he serves as Government Chair and is a controlling shareholder. Moreover, he straight owns 131,000 shares of Bancroft Fund Ltd.
The submitting, signed by Peter D. Goldstein as Lawyer-in-Reality for Gabelli, was submitted on December 26, 2024.
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