Gabelli has posted all of their coverage ratios for the closed end funds (which includes the Bancroft Fund and Ellsworth Growth and Income Fund) for the month ending 11/30/2022.
Closed end funds must have asset coverage on their ‘senior securities’–mainly preferred stock, of 200%.
Gabelli coverage ratios have improved substantially in the last month or two as equity prices have risen.
Of course Gabelli has many CEFs outstanding – all of which can be seen here– along with all preferreds from closed end funds.
The Gabelli page for coverage is here.
3 thoughts on “New Asset Coverages for Gabelli Funds”
Thank you so much for this update. This is good info to have and refer to.
A study of prospectuses of these type of securities reveals anti takeover provisions which I think offers some protection to preferred securities. REITS by contrast seem to inhabit the Wild West for the most part.
The GDV-PH dropped off the list
Thanks Charles – will check it and correct.