SOURCE: Ellsworth Fund Ltd. and Bancroft Fund Ltd.

July 11, 2006 10:23 ET

Meet the CEO of Ellsworth Fund Ltd. and Bancroft Fund Ltd. Live on MN1.com

DALLAS, TX -- (MARKET WIRE) -- July 11, 2006 -- Ellsworth Fund Ltd. And Bancroft Fund Ltd. Will be Joining you and MN1.com On July 11, 2006 at 10am CDT.

Bancroft Fund Ltd. (AMEX: BCV) is a Delaware statutory trust. It is the successor to Bancroft Convertible Fund, Inc. which was incorporated in Delaware in 1970. The Company began operations in 1971 following an initial public offering of Bancroft shares.

Bancroft was founded by Bancroft Gary Davis and Ronald Ellsworth Dinsmore who were elected Chairman of the Board and President, respectively.

Bancroft is a diversified closed-end management investment company. Bancroft's investment objective is to seek a high level of total return on its assets through a combination of current income and capital appreciation. It seeks to achieve this objective by investing primarily in convertible securities.

Ellsworth Fund Ltd. (AMEX: ECF) is also a Delaware statutory trust. It is the successor to Ellsworth Convertible Growth and Income Fund which was incorporated in Maryland in 1986.

Ellsworth is a diversified closed-end management investment company. Ellsworth's investment objective is to seek a high level of total return on its assets through a combination of current income and capital appreciation. It seeks to achieve this objective by investing primarily in convertible securities.

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