SOURCE: Bancroft Fund Ltd.

December 22, 2014 09:16 ET

Bancroft Fund Ltd. Announces Issue Price for the 2014 Year-End Dividend Payable on December 29, 2014

MORRISTOWN, NJ--(Marketwired - Dec 22, 2014) - Bancroft Fund Ltd. (NYSE MKT: BCV) announced today that the price at which its beneficial shares will be issued to shareholders who elected to receive additional shares in payment of the 2014 year-end dividend will be $20.14 per share. The issue price represents the closing price of the shares on the NYSE MKT Exchange on December 19, 2014, which was below the net asset value of $23.72 per share on that date. The dividend is payable on December 29, 2014.

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 Exchange under the ticker symbol BCV.

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