SOURCE: Bancroft Fund Ltd.

February 18, 2011 13:46 ET

Bancroft Fund Ltd. Declares First Quarter Dividend and Results of Annual Shareholders Meeting

MORRISTOWN, NJ--(Marketwire - February 18, 2011) - The Board of Trustees of Bancroft Fund Ltd. (NYSE Amex: BCV) declared its one hundred sixty-first quarterly dividend today.

The $0.1275 per share dividend is payable from net investment income on March 24, 2011 to shareholders of record March 10, 2011.

The following actions were taken at the Annual Shareholders meeting held on Friday, February 18th: (1) two trustees were elected and (2) the selection of Tait, Weller & Baker LLP as independent auditors for the 2011 fiscal year was ratified.

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 Amex Exchange under the ticker symbol BCV.

CUSIP# 059 695 106

Contact Information

  • For further information please contact:

    Gary I. Levine
    Chief Financial Officer
    Ph. (973) 631-1177
    Fax (973) 631-9893
    www.bancroftfund.com