| Business Summary | | Bancroft
Convertible
Fund,
Inc.
operates
as
a
closed-end,
diversified
management
investment
company
and
invests
primarily
in
convertible
securities,
with
the
objectives
of
providing
income
and
the
potential
for
capital
appreciation.
At
April
30,
2000,
there
were
4.1
million
shares
of
$.01
par
value
common
stock
outstanding,
exclusive
of
57,500
shares
held
in
Treasury
(9,000,000
shares
authorized).
During
the
six
months
ended
April
30,
2000,
390,415
shares
were
issued
in
connection
with
reinvestment
of
dividends
from
net
investment
income
and
capital
gains,
resulting
in
an
increase
in
paid-in
capital
of
$7.9
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Bancroft
Convertible
Fund,
Inc.
is
a
closed-end,
diversified
management
investment
company
that
invests
primarily
in
corporate
convertible
bonds
with
the
objectives
of
providing
income
and
capital
appreciation.
For
the
fiscal
year
ended
10/31/00,
investment
income
totalled
$5.5
million.
Net
investment
income
totalled
$4.3
million.
Net
increase
in
net
assets
totalled
$15.4
million.
Net
increase
in
net
assets
reflects
an
$11.2
million
net
gain
on
investments. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Thomas Dinsmore, 47 | Chairman
and CEO | Jane O'Keeffe, 45 | Pres,
Director | Sigmund Levine, 76 | Sr.
VP and Sec. | H. Tucker Lake, 53 | VP,
Trading | Germaine Ortiz, 31 | VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|