SOURCE: Bancroft Fund Ltd.

May 16, 2011 11:31 ET

Bancroft Fund Ltd. Declares Second Quarter Dividend

MORRISTOWN, NJ--(Marketwire - May 16, 2011) - The Board of Trustees of Bancroft Fund Ltd. (NYSE Amex: BCV) declared its one hundred sixty-second quarterly dividend today.

The $0.1275 per share dividend is payable from net investment income on June 23, 2011 to shareholders of record June 9, 2011.

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