SOURCE: Bancroft Fund Ltd.

August 22, 2011 12:10 ET

Bancroft Fund Ltd. Declares Third Quarter Dividend

MORRISTOWN, NJ--(Marketwire - Aug 22, 2011) - The Board of Trustees of Bancroft Fund Ltd. (NYSE Amex: BCV) today declared the Fund's one hundred sixty-third quarterly dividend.

The $0.1275 per share dividend is payable from net investment income on September 29, 2011 to shareholders of record September 15, 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