SOURCE: Bancroft Fund Ltd.

July 17, 2007 11:07 ET

Bancroft Fund Ltd. Announces Monthly Portfolio Data

MORRISTOWN, NJ--(Marketwire - July 17, 2007) - Bancroft Fund Ltd. (AMEX: BCV) today reported portfolio data for the month ended June 30, 2007. Data is based on market value. Holdings may change without notice.

Ten Largest Investment Holdings by underlying common stock
                                   % of Net Assets
Celanese Corp.                                 3.1
LSI Corp.                                      2.6
U.S. Bancorp                                   2.6
Prudential Financial, Inc.                     2.3
LSB Industries, Inc.                           2.2
The Walt Disney Company                        2.2
Bristow Group Inc.                             2.1
Chesapeake Energy Corp.                        2.1
New York Community Bancorp, Inc.               2.1
Sepracor Inc.                                  2.0


Major Industry Exposure
                                   % of Net Assets
Energy                                         9.2
Insurance                                      9.0
Pharmaceuticals                                9.0
Banking/Savings and Loan                       7.7
Semiconductors                                 6.7
Multi-Industry                                 5.4
Computer Hardware                              5.1
Computer Software                              4.7
Chemicals                                      4.6
Health Care                                    4.0


Portfolio Composition
                                   % of Net Assets
Convertible Bonds and Notes                   64.7
Corporate Bonds and Notes                      1.1
Convertible Preferred Stocks                  12.1
Mandatory Convertible Securities              18.7
Cash and Equivalents                           3.4
      TOTAL NET ASSETS                       100.0

Data is unaudited and as of June 30, 2007. This selected information should be read in conjunction with the financial statements and notes included in the Company's Semi-Annual Report to Shareholders for the six months ended April 30, 2007.

Detailed quarterly portfolio information, as of April 30, 2007 is available on our website (http://www.bancroftfund.com). Contact us by email at info@bancroftfund.com 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.

AMEX - BCV Cusip 059695106

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