SOURCE: Bancroft Fund Ltd.

January 11, 2008 17:04 ET

Bancroft Fund Ltd. Announces Trustee Changes

MORRISTOWN, NJ--(Marketwire - January 11, 2008) - Bancroft Fund Ltd. (AMEX: BCV) today announced that effective January 1, 2008, the number of trustees comprising the Board of Trustees of the Fund was increased from six to seven, and that Mr. Kinchen C. Bizzell was appointed to serve as a trustee of the Fund.

Kinchen Bizzell, age 53, is a Senior Counselor with Burson-Marsteller, a global public relations firm, where he advises companies on investor relations, financial crisis issues, and mergers & acquisitions. From 2000 through 2003, Mr. Bizzell was a Managing Director of Burson-Marsteller's corporate and financial practice. Prior to joining Burson, Mr. Bizzell practiced law as a partner with the New York firm Mendes & Mount.

Mr. Bizzell received a JD from Duke University and a BA from North Carolina State University. Mr. Bizzell is also a Chartered Financial Analyst.

Bancroft Fund Ltd. operates as a closed-end, diversified management investment company and invests primarily in convertible securities, with the objectives of providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests.

AMEX - BCV      Cusip 059695106

Contact Information

  • For further information please contact:
    Gary I. Levine
    Executive Vice President, Chief Financial Officer and Secretary
    Ph. (973) 631-1177
    Fax (973) 631-9893