SOURCE: Bancroft Fund Ltd.

August 23, 2010 11:03 ET

Bancroft Fund Ltd. Declares Third Quarter Dividend

MORRISTOWN, NJ--(Marketwire - August 23, 2010) -  The Board of Trustees of Bancroft Fund Ltd. (NYSE Amex: BCV) declared its one hundred fifty-ninth quarterly dividend today.

The $0.15 per share dividend is payable from net investment income on September 23, 2010 to shareholders of record September 9, 2010.

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