SOURCE: Bancroft Fund Ltd.

March 20, 2008 13:09 ET

Bancroft Fund Ltd. Announces Monthly Portfolio Data

MORRISTOWN, NJ--(Marketwire - March 20, 2008) - Bancroft Fund Ltd. (AMEX: BCV) today reported portfolio data for the month ended February 29, 2008. Data is based on market value. Holdings may change without notice.

Ten Largest Investment Holdings by underlying common stock
                                                 % of Net Assets
Prudential Financial, Inc.                                   3.1
LSB Industries, Inc.                                         2.7
Chesapeake Energy Corp.                                      2.6
Bristol-Myers Squibb Co.                                     2.4
Freeport-McMoRan Copper & Gold Inc.                          2.4
The Walt Disney Company                                      2.3
Companhia Vale do Rio Doce                                   2.2
New York Community Bancorp, Inc.                             2.2
LSI Corp.                                                    2.1
St. Jude Medical, Inc.                                       2.0

Major Industry Exposure
                                                 % of Net Assets
Energy                                                      12.8
Pharmaceuticals                                             10.0
Insurance                                                    7.9
Semiconductors                                               6.1
Telecommunications                                           5.6
Computer Hardware                                            5.1
Minerals and Mining                                          4.6
Consumer Goods                                               4.5
Banking/Savings and Loan                                     3.6
Health Care                                                  3.4

Portfolio Composition
                                                 % of Net Assets
Convertible Bonds and Notes                                 51.7
Corporate Bonds and Notes                                    1.0
Convertible Preferred Stocks                                 8.5
Mandatory Convertible Securities                            22.6
Cash and Equivalents                                        16.2
    TOTAL NET ASSETS                                       100.0

Portfolio Ratings from Moody's
From S&P when Moody's is unavailable
                                                 % of Net Assets
Aa                                                             5
A                                                             20
Baa                                                           16
Ba                                                             4
B                                                             23
Caa                                                            4
NR                                                            28

Data is unaudited and as of February 29, 2008. This selected 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, 2007.

Detailed quarterly portfolio information, as of January 31, 2008 is available on our website ( Contact us by email at 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 American Stock Exchange under the ticker symbol BCV.

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