SOURCE: Bancroft Convertible Fund, Inc.

August 11, 2005 13:41 ET

Bancroft Convertible Fund Announces Monthly Portfolio Data

MORRISTOWN, NJ -- (MARKET WIRE) -- August 11, 2005 -- Bancroft Convertible Fund, Inc. (AMEX: BCV) today reported monthly portfolio data for the month ended July 31, 2005. Data is based on market value. Holdings may change without notice.

Top Ten Holdings by underlying common stock
                                                    % of Net Assets
Chesapeake Energy Corp.                                  3.5
The Walt Disney Company                                  2.6
The St. Paul Travelers Companies, Inc.                   2.4
International Rectifier Corp.                            2.3
Semco Energy, Inc.                                       2.3
Washington Mutual, Inc.                                  2.3
Nuveen Investments, Inc.                                 2.2
Weatherford International Ltd.                           2.2
Schering-Plough Corp.                                    2.1
The Williams Companies, Inc.                             2.1

Major Industry Exposure
                                                    % of Net Assets
Energy                                                  16.1
Financial and Insurance                                 13.2
Pharmaceuticals                                         11.4
Technology                                               9.6
Banking/Savings and Loan                                 9.4
Health Care                                              6.4
Telecommunications                                       5.4
Chemicals                                                3.7
Entertainment                                            3.4
Retail                                                   3.3

Portfolio Composition
                                                    % of Net Assets
Convertible Bonds and Notes                             51.2
Convertible Preferred Stocks                            26.7
Mandatory Convertible Securities                        18.1
Cash and Equivalents                                     4.0
      TOTAL NET ASSETS                                 100.0
Data is unaudited and as of July 31, 2005. This selected information should be read in conjunction with the financial statements and notes included in the Company's Semi-Annual Report to Stockholders for the six months ended April 30, 2005.

Detailed quarterly portfolio information, as of April 30, 2005 is available on our website ( Visit us there or contact us by email at or call us at (973) 631-1177.

Bancroft is a diversified closed-end management investment company. Bancroft's investment objective is to seek a high level of total return on its assets through a combination of current income and capital appreciation. It seeks to achieve this objective by investing primarily in convertible securities.


Cusip 059695106

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