SOURCE: Bancroft Fund Ltd.

June 01, 2015 10:52 ET

Bancroft Fund Ltd. Announces Corrected Earnings

MORRISTOWN, NJ--(Marketwired - Jun 1, 2015) - Bancroft Fund Ltd. (NYSE MKT: BCV) today reported corrected earnings for the six months ended April 30, 2015:

   
   
EARNINGS REPORT Six Months Ended
  April 30
     
  2015 2014
     
Net Income for Six Months $398,000 $545,000
  Per Share $0.08 $0.10
Shares Outstanding 5,131,256 5,242,291
Total Net Assets $124,620,000 $121,895,000
Net Asset Value Per Share $24.29 $23.25
     

Data is unaudited and as of April 30, 2015. This select information should be read in conjunction with the financial statements and notes included in the Company's Annual Report to Shareholders for the twelve months ended October 31, 2014.

Detailed portfolio information is available on our website (www.bancroftfund.com).
Contact us by email at info@bancroftfund.com or call us at (973) 631-1177.

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 MKT LLC exchange under the ticker symbol BCV.

Cusip 059695106

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