Bancroft Fund: This 8%-Yielding CEF Provides Some Income, But It's Nothing Special

Seeking Alpha The fund's performance relative to its peers was not the worst, but it is far from being the best. After all, the best-performing fund in this peer group, the Calamos Convertible Opportunities Fund, delivered an 11.49% gain. In fact, every fund in this peer comparison except for the Virtus Convertible & Income Fund outperformed the Bancroft Fund. This is likely to turn off potential investors in this fund. However, as I pointed out in a recent article: Kameleon007 The Bancroft Fund (NYSE:BCV) ...