MORRISTOWN, NEW JERSEY, February 8, 2010 – The Board of Trustees of
Bancroft Fund Ltd. (NYSE Amex: BCV) declared
its one hundred fifty-seventh quarterly dividend today.
The $0.15 per share dividend is payable from net investment
income on March 25, 2010 to shareholders of record March
11, 2010.
The following actions were taken at the Annual Shareholders meeting held on
Monday,
February 8th: (1) two trustees were elected and (2) the selection of
Tait, Weller & Baker LLP as independent auditors for the 2010 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.
For further information please contact:
Gary I. Levine, CFO Ph. (973)
631-1177
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