SOURCE: Bancroft Fund Ltd.

May 14, 2013 10:22 ET

Bancroft Fund Ltd. Declares Second Quarter Dividend

MORRISTOWN, NJ--(Marketwired - May 14, 2013) - The Board of Trustees of Bancroft Fund Ltd. (NYSE MKT: BCV) today declared the Fund's one hundred seventieth quarterly dividend.

The 12 cents ($0.12) per share dividend is payable from net investment income on June 27, 2013 to shareholders of record June 13, 2013.

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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