MORRISTOWN, NEW JERSEY, May 11, 2010 The Board of Trustees of Bancroft
Fund Ltd. (NYSE Amex: BCV) declared its one hundred fifty-eighth quarterly
dividend today.
The $0.15 per share dividend is payable from net investment income on June
24, 2010 to shareholders of record June 10, 2010.
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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