-----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, MjXbB59lDKyOcWOv5abyncrHDO+yXkKVr5nYNSkbHddiJavB1PbrPn7NlVnCzk4H +O4QXbcaZS0Cz+huv+tTUQ== 0000009521-02-000006.txt : 20020627 0000009521-02-000006.hdr.sgml : 20020627 20020627100204 ACCESSION NUMBER: 0000009521-02-000006 CONFORMED SUBMISSION TYPE: NSAR-A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020430 FILED AS OF DATE: 20020627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANCROFT CONVERTIBLE FUND INC CENTRAL INDEX KEY: 0000009521 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: 02688370 BUSINESS ADDRESS: STREET 1: 65 MADISON AVENUE STREET 2: SUITE 550 CITY: MORRISTOWN STATE: NJ ZIP: 07960 BUSINESS PHONE: (973) 631-1177 MAIL ADDRESS: STREET 1: 65 MADISON AVENUE STREET 2: SUITE 550 CITY: MORRISTOWN STATE: NJ ZIP: 07960 NSAR-A 1 answer.fil PAGE 1 000 A000000 04/30/2002 000 C000000 0000009521 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 BANCROFT CONVERTIBLE FUND, INC 001 B000000 811-2151 001 C000000 9736311177 002 A000000 65 MADISON AVENUE, SUITE 550 002 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 AMERICAN STOCK TRANSFER & TRUST COMPANY 012 B000001 84-416 012 C010001 BROOKLYN 012 C020001 NY 012 C030001 11219 013 A000001 PRICEWATERHOUSECOOPERS LLP 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 GOLDMAN, SACHS & CO., INC. 020 B000001 13-5108880 020 C000001 6 020 A000002 SALOMON SMITH BARNEY 020 B000002 13-1912900 020 C000002 5 020 A000003 MORGAN STANLEY & CO., INC. 020 B000003 13-2655998 020 C000003 3 020 A000004 LEHMAN BROTHERS 020 B000004 12-2518466 020 C000004 2 020 A000005 BAIRD, PATRICK & CO., INC. 020 B000005 13-2766571 020 C000005 2 020 A000006 JP MORGAN SECURITIES, INC. 020 B000006 13-3224016 020 C000006 2 020 A000007 KBC FINANCIAL PRODUCTS USA, INC. 020 B000007 13-4083415 020 C000007 1 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 20 022 A000001 AMERICAN EXPRESS CREDIT CORP. 022 B000001 11-1988350 022 C000001 249151 022 D000001 0 022 A000002 SALOMON SMITH BARNEY, INC. 022 B000002 13-1912900 022 C000002 12061 022 D000002 12479 022 A000003 GOLDMAN, SACHS & CO., INC. 022 B000003 13-5108880 022 C000003 9684 022 D000003 6585 022 A000004 CREDIT SUISSE FIRST BOSTON CORP. 022 B000004 13-5659485 022 C000004 6651 022 D000004 5059 022 A000005 UBS WARBURG LLC PAGE 3 022 B000005 13-3873456 022 C000005 2271 022 D000005 2267 022 A000006 DEUTSCHE BANK ALEX. 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PRICING COMMITTEES CHARTER (Effective November 19, 2001) 1. The Pricing Committee for each Fund shall consist of at least three directors, at least one of whom is generally knowledgeable in financial matters, and either has past employment experience in finance or accounting, or has any other experience or background that results in the individual's financial sophistication. One member of the Committees shall be an officer of management. A majority of the members shall be persons who are not "interested persons" of the Funds, as defined in the Investment Company Act of 1940, as amended. 2. Subject to the general oversight responsibility of the Boards of Directors of the Funds (the "Boards"), the day-to-day responsibility for valuing the Funds' portfolio securities rests with Davis-Dinsmore Management Company ("Davis-Dinsmore"), as adviser to the Funds. The purpose of the Committees is to assist Davis-Dinsmore in its valuation of the Funds' portfolio securities under the circumstances described in Davis-Dinsmore's Pricing Policies. It is anticipated that the Committees will meet only as pricing anomalies or issues arise that, due to time constraints, cannot be resolved by the entire Boards of Directors of the Funds. The Committees' role is not in any way intended to serve as a substitute for the responsibility of Davis- Dinsmore to value the Funds' portfolio securities, nor as a substitute for the Boards' general oversight role. 3. In accordance with the Pricing Policies, the Committees shall: (a) assist management in valuing a portfolio security if there is an unexplained disparity of more than 25% from the previous valuation of such security; (b) assist management in valuing a portfolio security for which market quotations are not available; and (c) report any actions taken pursuant to (a) or (b) above to the full Boards. 4. If any member has, with respect to any valuation issue considered by the Committees, a material business or financial interest in the company whose securities are being valued, such member shall recuse himself or herself from any discussions or decisions relating to such valuation. 5. Meetings of the Committees may be held in person or by conference telephone. Where appropriate, the Committees may take action by written consent in lieu of a meeting. 6. This Charter may be amended only with the approval of a majority of the independent directors. 7. Each Fund shall maintain and preserve in an easily accessible place a copy of this Charter and any modification to this Charter. -----END PRIVACY-ENHANCED MESSAGE-----