SOURCE: Bancroft Fund Ltd.

February 08, 2010 14:31 ET

Bancroft Fund Ltd. Declares First Quarter Dividend and Results of Annual Shareholders Meeting

MORRISTOWN, NJ--(Marketwire - February 8, 2010) - The Board of Trustees of Bancroft Fund Ltd. (NYSE Amex: BCV) declared its one hundred fifty-seventh quarterly dividend today.

The $0.15 per share dividend is payable from net investment income on March 25, 2010 to shareholders of record March 11, 2010.

The following actions were taken at the Annual Shareholders meeting held on Monday, February 8th: (1) two trustees were elected and (2) the selection of Tait, Weller & Baker LLP as independent auditors for the 2010 fiscal year was ratified.

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. Its shares are traded on the NYSE Amex Exchange under the ticker symbol BCV.

CUSIP# 059 695 106

Contact Information

  • For further information please contact:

    Gary I. Levine
    Chief Financial Officer
    Ph. (973) 631-1177
    Fax (973) 631-9893
    www.bancroftfund.com