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Bancroft Convertible Fund, Inc.
cusip # 05-9695106

released January 3, 2001

DIVIDEND AND TAX INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 2000

 

Record
Date   
Payment
Date 

.
Total Paid
Per Share

Ordinary.
Income..
Dividends*

.
Long-Term
Capital Gain

Dividend
Reinvestment
              Price

Mar. 16 Mar. 30 $    0.200 $     0.200 $             — $        22.2798
Jun. 15 Jun. 29 0.210 0.210 22.2591
Sept. 14 Sept. 28 0.210 0.210 23.7586
Nov. 23 Dec. 28       3.515         2.219           1.296 18.8750

4.135 2.839 1.296

* The portion of each ordinary income dividend which qualifying for the dividends-received
deduction allowed to certain corporate shareholders was 10%.

None of the dividends paid during the year represented a return of capital.

There were no year-end reallocations or reclassification of income or gains.

The amount of interest earned on direct obligations of the U.S. Government was negligible.

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