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BANCROFT FUND LTD — Major Shareholding Notification 2009
Feb 17, 2009
34020_mrq_2009-02-17_5e138e96-9c4f-4ffd-8865-818c09730c20.zip
Major Shareholding Notification
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SC 13G/A 1 bancroftfund_13g-a1.htm SC 13G-A1 (02-13-09) bancroftfund_13g-a1.htm - Generated by SEC Publisher for SEC Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934 (Amendment No. 1)*
Bancroft Fund Ltd. (Name of Issuer) Shares of Beneficial Interest (Title of Class of Securities) 059695106 (CUSIP Number)
December 31, 2008 (Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ¨ Rule 13d-1(b) ý Rule 13d-1(c) ¨ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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| (1 | ) | Names of Reporting Persons. | Erik E. Bergstrom | ||
|---|---|---|---|---|---|
| (a) £ | |||||
| (2 | ) | Check the Appropriate Box if a Member of a Group (See Instructions) | (b) T | ||
| (3 | ) | SEC Use Only | |||
| (4 | ) | Citizenship or Place of Organization | USA | ||
| NUMBER OF | (5 | ) | Sole Voting Power | 93,000 | |
| SHARES | |||||
| BENEFICIALLY | (6 | ) | Shared Voting Power | 202,000 | |
| OWNED BY EACH | |||||
| REPORTING | (7 | ) | Sole Dispositive Power | 93,000 | |
| PERSON WITH | |||||
| (8 | ) | Shared Dispositive Power | 202,000 | ||
| (9 | ) | Aggregate Amount Beneficially Owned by Each Reporting Person | 295,000 | ||
| (10 | ) | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) | ¨ | ||
| (11 | ) | Percent of Class Represented by Amount in Row (9) | 5.7 % | ||
| (12 | ) | Type of Reporting Person (See Instructions) | IN |
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| (1 | ) | Names of Reporting Persons. | |||
|---|---|---|---|---|---|
| (a) £ | |||||
| (2 | ) | Check the Appropriate Box if a Member of a Group (See Instructions) | (b) T | ||
| (3 | ) | SEC Use Only | |||
| (4 | ) | Citizenship or Place of Organization | California | ||
| NUMBER OF | (5 | ) | Sole Voting Power | 93,000 | |
| SHARES | |||||
| BENEFICIALLY | (6 | ) | Shared Voting Power | 0 | |
| OWNED BY EACH | |||||
| REPORTING | (7 | ) | Sole Dispositive Power | 93,000 | |
| PERSON WITH | |||||
| (8 | ) | Shared Dispositive Power | 0 | ||
| (9 | ) | Aggregate Amount Beneficially Owned by Each Reporting Person | 93,000 | ||
| (10 | ) | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) | ¨ | ||
| (11 | ) | Percent of Class Represented by Amount in Row (9) | 1.8 % | ||
| (12 | ) | Type of Reporting Person (See Instructions) | OO |
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| (1 | ) | Names of Reporting Persons. | Edith H. Bergstrom | ||
|---|---|---|---|---|---|
| (a) £ | |||||
| (2 | ) | Check the Appropriate Box if a Member of a Group (See Instructions) | (b) T | ||
| (3 | ) | SEC Use Only | |||
| (4 | ) | Citizenship or Place of Organization | USA | ||
| NUMBER OF | (5 | ) | Sole Voting Power | 0 | |
| SHARES | |||||
| BENEFICIALLY | (6 | ) | Shared Voting Power | 202,000 | |
| OWNED BY EACH | |||||
| REPORTING | (7 | ) | Sole Dispositive Power | 0 | |
| PERSON WITH | |||||
| (8 | ) | Shared Dispositive Power | 202,000 | ||
| (9 | ) | Aggregate Amount Beneficially Owned by Each Reporting Person | 202,000 | ||
| (10 | ) | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) | ¨ | ||
| (11 | ) | Percent of Class Represented by Amount in Row (9) | 3.9 % | ||
| (12 | ) | Type of Reporting Person (See Instructions) | IN |
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| (1 | ) | Names of Reporting Persons. | |||
|---|---|---|---|---|---|
| (a) £ | |||||
| (2 | ) | Check the Appropriate Box if a Member of a Group (See Instructions) | (b) T | ||
| (3 | ) | SEC Use Only | |||
| (4 | ) | Citizenship or Place of Organization | California | ||
| NUMBER OF | (5 | ) | Sole Voting Power | 0 | |
| SHARES | |||||
| BENEFICIALLY | (6 | ) | Shared Voting Power | 202,000 | |
| OWNED BY EACH | |||||
| REPORTING | (7 | ) | Sole Dispositive Power | 0 | |
| PERSON WITH | |||||
| (8 | ) | Shared Dispositive Power | 202,000 | ||
| (9 | ) | Aggregate Amount Beneficially Owned by Each Reporting Person | 202,000 | ||
| (10 | ) | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) | ¨ | ||
| (11 | ) | Percent of Class Represented by Amount in Row (9) | 3.9 % | ||
| (12 | ) | Type of Reporting Person (See Instructions) | CO |
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Item 1(a). Name of Issuer:
Bancroft Fund Ltd.
Item 1(b). Address of Issuers Principal Executive Offices:
65 Madison Avenue, Suite 550, Morristown, NJ 07960
Item 2(a). Names of Persons Filing:
Erik E. Bergstrom Erik E. Bergstrom Living Trust U/A Dated 12/6/74 Edith H. Bergstrom Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust
Item 2(b). Address of Principal Business Office or, if none, Residence:
The business address of Erik E. Bergstrom, Erik E. Bergstrom Living Trust U/A Dated 12/6/74 and Edith H. Bergstrom is P.O. Box 126, Palo Alto, California 94302. The business address of the Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust is P.O. Box 520, Palo Alto, California 94302.
Item 2(c). Citizenship:
See Items 4 to pages 2-5 which Items are incorporated by reference herein.
Item 2(d). Title of Class of Securities:
Shares of Beneficial Interest
Item 2(e). CUSIP Number:
059695106
Item 3. If this statement is filed pursuant to §§240.13d -1(b) or 240.13d -2(b) or (c), check whether the person filing is a:
| ¨ | (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
|---|---|---|
| ¨ | (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
| ¨ | (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
| ¨ | (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). |
| ¨ | (e) | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| ¨ | (f) | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| ¨ | (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
| ¨ | (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| ¨ | (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| ¨ | (j) | Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
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Item 4. Ownership.
The following table specifies as February 7, 2009 the number of Shares of Beneficial Interest as to which each person named in Item 2(a) has sole or shared power to vote or direct the vote or to dispose or direct the disposition, as well as the percentages such shares constitute of the Shares of Beneficial Interest reported to be outstanding as of October 31, 2008 in the Issuers Form N-CSR Certified Shareholder Report of Registered Management Investment Companies filed with the Securities and Exchange Commission on January 5, 2009.
| Name 1 | Sole Voting and Dispositive Power | Shared Voting and Dispositive Power | Aggregate Number of Shares | Percentage of Outstanding Shares |
|---|---|---|---|---|
| Edith H. Bergstrom | 0 | 202,000 4 | 202,000 | 3.9% |
| Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust | 0 | 202,000 | 202,000 | 3.9% |
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
Not applicable.
1 The reporting persons may be deemed to be members of a group within the meaning of Section 13(d)(3) of the Act and the rules and regulations thereunder. Membership in such a group is hereby disclaimed. 2 Consists of 93,000 shares of Beneficial Interest owned by the Erik E. Bergstrom Living Trust U/A Dated 12/6/74. 3 Consists of 202,000 Shares of Beneficial Interest owned by the Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust. Pursuant to Rule 13d-4, Erik E. Bergstrom hereby disclaims beneficial ownership of all shares owned by Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust. 4 Consists of 202,000 shares of Beneficial Interest owned by the Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust. Pursuant to Rule 13d-4, Edith H. Bergstrom hereby disclaims beneficial ownership of all shares owned by Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust.
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Item 8. Identification and Classification of Members of the Group
See Exhibit 1
Item 9. Notice of Dissolution of Group Not applicable. Item 10. Certification
By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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Signature
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
| Dated: February 13, 2009 |
|---|
| Erik E. Bergstrom |
| /s/ Edith H. Bergstrom |
| Edith H. Bergstrom |
| Erik E. Bergstrom Living Trust U/A Dated 12/6/74 |
| By: /s/ Erik E. Bergstrom |
| Erik E. Bergstrom Trustee |
| Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust |
| By: /s/ Erik E. Bergstrom |
| Erik E. Bergstrom Trustee |
EXHIBIT INDEX
| Exhibit 1 | Identity of Group Members | Page 10 |
|---|---|---|
| Exhibit 2 | Joint Filing Undertaking | Page 11 |
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EXHIBIT 1
IDENTITY OF GROUP MEMBERS
Erik E. Bergstrom Erik E. Bergstrom Living Trust U/A Dated 12/6/74 Edith H. Bergstrom Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust
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EXHIBIT 2
JOINT FILING UNDERTAKING
The undersigned, being authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13G to evidence the agreement of the below-named parties, in accordance with rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule, as it may be amended, jointly on behalf of each of such parties.
| Dated: February 13, 2009 |
|---|
| Erik E. Bergstrom |
| /s/ Edith H. Bergstrom |
| Edith H. Bergstrom |
| Erik E. Bergstrom Living Trust U/A Dated 12/6/74 |
| By: /s/ Erik E. Bergstrom |
| Erik E. Bergstrom Trustee |
| Erik E. and Edith H. Bergstrom Foundation, a Charitable Trust |
| By: /s/ Erik E. Bergstrom |
| Erik E. Bergstrom Trustee |
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