-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JhyRGR+Eu6ECpQ/tgXJ5uKXX8TK7fdI+OEhciy7xvjsjaDnxShvToWDK49zUztjX Qq4i3aUOc7Jey1MA2ceZmQ== 0000009521-96-000008.txt : 19960626 0000009521-96-000008.hdr.sgml : 19960626 ACCESSION NUMBER: 0000009521-96-000008 CONFORMED SUBMISSION TYPE: NSAR-A PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19960430 FILED AS OF DATE: 19960625 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANCROFT CONVERTIBLE FUND INC CENTRAL INDEX KEY: 0000009521 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 042476994 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NSAR-A SEC ACT: 1940 Act SEC FILE NUMBER: 811-02151 FILM NUMBER: 96585044 BUSINESS ADDRESS: STREET 1: 65MADISON AVE STREET 2: STE 1310 CITY: MORRISTOWN STATE: NJ ZIP: 07960 BUSINESS PHONE: 2122699236 MAIL ADDRESS: STREET 1: 56 PINE STREET ROOM 1310 CITY: NEW YORK STATE: NY ZIP: 10005 NSAR-A 1 N-SAR (3.0.A) PAGE 1 000 A000000 04/30/96 000 C000000 0000009521 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0.a 000 J000000 A 001 A000000 BANCROFT CONVERTIBLE FUND, INC 001 B000000 811-2151 001 C000000 2016311177 002 A000000 65 MADISON AVENUE, 5TH FLOOR 002 B000000 MORRISTOWN 002 C000000 NJ 002 D010000 07960 002 D020000 7308 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 DAVIS/DINSMORE MANAGEMENT COMPANY 008 B000001 A 008 C000001 801-08123 008 D010001 MORRISTOWN 008 D020001 NJ 008 D030001 07960 008 D040001 7308 012 A000001 MELLON SECURITIES TRUST COMPANY 012 B000001 85-5347 012 C010001 NEW YORK 012 C020001 NY 012 C030001 10004 013 A000001 COOPERS AND LYBRAND L.L.P. 013 B010001 NEW YORK 013 B020001 NY 013 B030001 10019 013 B040001 6013 015 A000001 THE BANK OF NEW YORK PAGE 2 015 B000001 C 015 C010001 NEW YORK 015 C020001 NY 015 C030001 10286 015 C040001 1258 015 E010001 X 018 000000 Y 019 A000000 N 019 B000000 0 020 A000001 GEORGE K. BAUM & CO. 020 B000001 43-1661917 020 C000001 4 020 A000002 PARALLAX GROUP, INC. 020 B000002 52-1718377 020 C000002 3 020 A000003 GOLDMAN, SACHS & CO. 020 B000003 13-5108880 020 C000003 2 020 A000004 SMITH BARNEY INC. 020 B000004 13-1912900 020 C000004 2 020 A000005 SCHRODER, WERTHEIM & CO., INC. 020 B000005 13-2697272 020 C000005 2 020 A000006 WECHSLER & CO., INC. 020 B000006 13-1944376 020 C000006 1 020 A000007 BEAR, STEARNS & CO., INC. 020 B000007 13-3299429 020 C000007 1 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 15 022 A000001 GE CAPITAL SERVICES, INC. 022 B000001 13-1500700 022 C000001 93004 022 D000001 0 022 A000002 SEARS ROEBUCK ACCEPTANCE CORP. 022 B000002 51-0080535 022 C000002 36245 022 D000002 0 022 A000003 BAIRD, PATRICK & CO., INC. 022 B000003 13-2766571 022 C000003 3415 022 D000003 2868 022 A000004 GOLDMAN, SACHS & CO. 022 B000004 13-5108880 022 C000004 2761 022 D000004 2839 022 A000005 DONALDSON LUFKIN & JENRETTE SECURITIES CORP. 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D000000 Y 077 Q010000 N 077 Q020000 N 077 Q030000 N 078 000000 N 080 C000000 0 081 B000000 0 082 B000000 0 083 B000000 0 084 B000000 0 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 087 A010000 COMMON STOCK 087 A020000 05-9695106 087 A030000 BCV 088 A000000 N 088 B000000 N 088 C000000 N 088 D000000 N SIGNATURE GARY LEVINE TITLE TREASURER EX-99.1 2 Item 77C At the Annual Meeting of Stockholders held on February 15, 1996, the share- holders approved modifications to certain of the Registrant's fundamental investment policies, by the following votes (substantive changes in uppercase): The Registrant will not have less than 80% of the market value of its total assets (excluding cash and government securities) invested in (a) securities of companies which at the time of purchase (i) had shares of their common stock listed on the New York Stock Exchange, THE AMERICAN STOCK EXCHANGE OR NASDAQ NATIONAL MARKET (EACH, AN "EXCHANGE"), (ii) met the then prevailing earnings requirements for listing on the New York Stock Exchange, or (iii) had pre-tax earnings of at least $2,000,000 in three of the five preceding fiscal years, AND (B) IN AMERICAN DEPOSITARY RECEIPTS THAT AT THE TIME OF PURCHASE (i) ARE LISTED ON AN EXCHANGE, OR (ii) MET THE THEN PREVAILING EARNINGS REQUIREMENTS FOR LISTING ON THE NEW YORK STOCK EXCHANGE. For: 1,447,805 Against: 71,213 The Registrant will not (a) purchase securities (i) of companies which, with their predecessors, OR (ii) WHICH ARE GUARANTEED BY COMPANIES WHICH, WITH THEIR PREDECESSORS, have a record of less than three years' continuous operations, if such purchase would cause more than 5% of the market value of the Registrant's total assets to be invested in the securities of such companies, or (b) invest in more than 10% of the outstanding voting securities of any one issuer. For: 1,439,524 Against: 78,847 The Registrant will not WITH RESPECT TO 85% OF ITS TOTAL ASSETS, invest more than 5% of the market value of its total assets in the securities of any one issuer (other than the United States government or its agencies) or purchase additional securities of any one issuer (other than the United States government or its agencies) if after giving effect to such purchase the cost of all securities of such issuer then held by it would exceed 5% of the market value of its total assets. For: 1,392,351 Against: 118,055 The Registrant will not underwrite securities of other issuers, except that it may acquire convertible securities the subsequent disposition of which (or of the underlying equity security) would cause the Fund to be deemed an underwriter within the meaning of the Securities Act of 1933, as amended. For: 1,362,309 Against: 142,530 The Registrant will not make loans to other persons, (a) except that (i) THE REGISTRANT MAY LEND ITS PORTFOLIO SECURITIES PROVIDED THE VALUE OF SUCH LOANED SECURITIES DOES NOT EXCEED 10% OF ITS TOTAL ASSETS AND (ii) the purchase of debt securities in accordance with the Registrant's investment policies shall not be considered the making of a loan, and (b) provided that the Registrant may make temporary purchases of securities issued or guaranteed by the United States, its agencies or instrumentalities; bank certificates of deposit; or high-grade commercial paper, which are subject to repurchase agreements. For: 1,341,290 Against: 162,211 The Registrant will not invest in puts, calls, or combinations thereof; provided that, notwithstanding the foregoing, the Registrant may INVEST UP TO 2% OF ITS NET ASSETS IN PUT OPTIONS ON COMMON STOCK OR MARKET INDICES AND may write covered call options and may purchase call options to close out written covered call options. For: 1,355,685 Against: 162,032 EX-99.2 3 Item 77D The Registrant has a nonfundamental investment policy which provides that the Registrant may not purchase the securities of an issuer if, after giving effect to such purchase, more than 20% of its net assets would be invested in illiquid securities. EX-99.3 4 Form N-SAR For period ended 4/30/96 File Number 811-2151 This report is signed on behalf of the Registrant in the City of Morristown and State of New Jersey on the 24th day of June, 1996. Bancroft Convertible Fund, Inc. Name of Registrant By: Gary I. Levine Treasurer Witness: Thomas H. Dinsmore President -----END PRIVACY-ENHANCED MESSAGE-----